This rough watercolour study appears to be of the launch of Sir Thomas Lipton's last America's Cup yacht, the J-class 'Shamrock V' at Camper & Nicholson's yard, Gosport, close to the Gosport Ferry terminal on the west side of Portsmouth Harbour. The harbour entrance is to viewer's right. In the background are the Sempahore Tower in Portsmouth Dockyard and, to the left, the masts of HMS 'Victory', in the Dockyard dry-dock where it has been preserved since 1922 (Wyllie having had a great deal to do with that project). This is therefore a very late drawing, made about a year before Wyllie's death. The swallow-tail flag or burgee most visible on board with a red hand on a shield is that of the Royal Ulster Yacht Club, under whose colours Lipton made all his five Amercia's Cup challenges equally unsuccessfully with his five 'Shamrocks' from 1899 to 1930. 'Shamrock V' survives, fully restored and still in use based at Newport, Rhode Island.