Eight yachts started in the race on Saturday. The course was down the river and round the Chinese frigate Nue Yue anchored at Woosung, finishing on the starting line, between the Police Hulk and the Pootung Church spire. No prize was to be given unless the winning boat was in before half-past seven o'clock. The eight yachts that came to the post crossed the starting line as follows Bree Daath fee onion, To Balanos down, including Ts, 78 uncollected Jan, 1, 181—Dr. Th.
AD. Rent for Bpertormances ind Yopalldividends s13.94 tion'. 184.70 Ontosuna lat 1,908 Bar Rent "do, '6261 jane, 958.24
Tis 9,400.49
Sane 27, 1881—Balance down, incl ceted dividend.
Tis, 1,628.25
The Undine started at scratch; the Coquette was allowed seven minutes, the Pinafore and Fairy ten minutes, the Maid of Kent and Ariadne fifteen minutes, the earless twenty-five minutes, and the Snipe thirty-five minutes. The wind was light and variable, and the tide was the last half the ebb. A gentle air from the S.E. at the start caused the yachts to beat through the shipping in the Hongkew reach, affording " pretty sight to the spectators in the Public Garden. Off the Tannery the wind was freer, but by the time the Point was reached it drew round to the S.E., and was so light that only the strong tide made beating possible. Very slow progress: indeed was made, and before Woosung was reached it was evident that the race could is prize to be boats rounded in the follow-
By Dividend, Jan., 18 ence Debentiares, Bar Licence, Taxes, ds. fine 21, By Balance down Ins, 2,400,49
Text read from the printed page and cleaned; old type leaves the occasional error.