The sole Charlottetown boat was the P-No sailed by Jack King, a yacht that had raced in Charlottetown for at least ten years. This sloop was designed by Walter Pinaud who went on to be a yacht designer of significance in Cape Breton. The Charlottetown Yacht Club did not have a clubhouse or ownership their own wharf at the time.Saturday was race day with two races scheduled with the possibility of a third depending on wind conditions and the timing of the other races. The course was one which was often used by Charlottetown yachtsmen; start off Carvell’s wharf, Government Point black buoy (now Middleground), Rosebank Buoy, a mark boat anchored off the Railway Wharf and the finish line at Carvell’s. To make sure that visiting boats were not mistakenly off-course the fleet was preceded to each mark by Joe MacDonald in his powerboat. As it turned out the winds failed to cooperate with the race organizers and only two races were held. A very slow first race was followed by a second only marginally faster and boats seemed to drift over the finish line. A third race was cancelled after the start as the winds fell to a whisper and none of the nineteen boats completed the course. However race officials were able to declare a regatta winner on the basis of the first two races. Onawa, sailed by Gordon and Eric Coffin sailing out of Montage was the winner with Charlottetown’s P-No in second place. Third position went to a Shediac boat, Vestra helmed by Charles Fawcett and in fourth place was another Montague boat , Dr. L.A. Johnson’s Ghost.
Although there was little participation from Charlottetown yachts the 1935 regatta was one of the factors leading to increased interest in yacht racing in the Island capital and was a precursor to the formation of the Yacht Racing Association of Northumberland Straits and its successful series of inter-club races in the late 1930s and early 1940s.