Talking over bad news abroad 12-metre yacht, Golden Eagle, are owners (left to right) Gerry Morris, Michael Pellegrin and Herb Wahl. Bought as trial h(...)

Original Toronto Star caption: Talking over bad news abroad 12-metre yacht; Golden Eagle; are owners (left to right) Gerry Morris; Michael Pellegrin and Herb Wahl. Bought as trial horse for proposed Canadian challenge for America's Cup; boat will be returned to U.S. because of a difference over customs duty. It is moored at Island Club.