New Royal Racing Yacht Near Completion -- Looking down on the trim lines of the new Royal yacht as workmen prepare her for ***** at Gosport. A new royal racing yacht of the Dragon class, wedding present to Princess Elizabeth and the Duke of Edinburgh from the Island Sailing club (Isle of Wight), is nearing completion at the yards at Gosport, Hants, where she is being built. The yacht, which is over 29 feet long, has been named Bluebottle, and will be seen in the Solent this week for sail stretching. It is hoped that the vessel will be formally presented to their Royal Highnesses at Cowes. June 29, 1948. (Photo by Fox).