p.2 Canadian Yacht For the Centennial - Major Gifford, of Cobourg, Commodore of the Royal Canadian Yacht Club, was in town today. The Major has just arrived from Ottawa, where he has been collecting funds for the building of a Canadian yacht for the Centennial. He wants everybody to give what they can, and by this means he thinks he can raise $8,000, the amount which the yacht is calculated to cost. She is to be 210 tons burden, to carry 3,750 square feet of canvass, and to be built entirely of white oak. Captain Cuthbert, who has gained such a favourable reputation as architect of the Ina, Annie Cuthbert, etc., will be the builder, and he promises that she shall be the mould of form, and the perfection of a sailing yacht. Captain Cuthbert will go down as sailing master, in order to show her off to the best advantage, and no doubt he will be able to astonish the Yankees at Canadian nautical smartness. In order that the public may understand the system on which the subscription is being raised, we will explain. Major Gifford makes a declaration of trust, that he will refund the money of all who give $10 and over, when the yacht wins it, which it is expected will not be difficult. As the investment in this way is not very precarious, we hope that the worthiness of the object will recommend itself to all upon whom the Major may call, and influence them to put their names on his list. A meeting of gentlemen interested in the scheme will be held at Folger Brothers' office tomorrow evening at 7:30, when Major Gifford will be present to explain matters.