A yachting party from the Royal Canadian Yacht Club

Inscribed in erased pencil, verso: "A Yachting party ["came out to / see the" stroked out] from the RCYC / came out to see the AYC (?) / Regatta here they are [?]" In pencil, verso: A yachting Part of the R.C.Y.C., #4 Reduce, '22." A half-tone block after the print is in The Globe, Toronto, 26 July 1922, p. 10 with letterpress: "WHAT SO HAPPY AS A / YACHTING PARTY? / Start / of a week-end cruise from Toronto / Harbor."