| OCR Text |
Show SHAMROCK IV IS READYJO SAIL Underwriters at Lloyds Not Optimistic. Optimis-tic. Issuing Policies 3 to 1 Against Challenger Oosport, England, July IS -Eory. thing Is rendy for tho departuro on" July 18 for tho United States of, Shamrock IV; Sir Thomas Llpton's j challenger for the America's cup Her J compasses hno been adjusted, her 1 skotch rig hntTbeen fitted and Sir I Thomas' steam jacht Erin Is waiting to convey her ncross tho Atlantic "Shamrock IV has dono nil that hns been asked of her," Is tho final word of Charles E. Nicholson, tho designed Ho admits, howoer, that, tho trial boat was In no way satisfactory satisfac-tory ns tho tpo of nn opponent that would enablo yachtsmen accurately to gaugo Shamrock IV'b capacities of lifting tho cup. 3 to 7 Against Challenger Underwriters nt Lloyds nro not so optlmistlo as Mr Nicholson concerning concern-ing Shnmrocl-'s chances Their csti-I csti-I mato today was roughly 3 to 1 hgnlnat I tho challenger In other words they nro issuing policies nt a premium of . o .i ' 35 per cent to pay the total loss If Shamrock IV should prove unsuccessful. unsuccess-ful. A similar risk In connection with an aeroplane flight across the Atlantic during the present year Is being covered at 8 per cent. Tho crow of Shamrock IV, numbering number-ing more than thirty men, Is to be .divided during tho voyngo ncross, half the sailors luxuriating on board tho Erin as far ns the Azores nnd then relieving their shipmates for tho remainder of the Journey. |
