Watch List notes:

Sailing, rowing and related badges, includes NSW 12ft Sailing Club; Balmoral 12ft Sailing Club; Vaucluse Amateur 12ft Sailing Club; M.S.C. 14ft (Mosman); L.R.C. 1886 (rowing club); Rex Launch Club, member (13), plus a small group of membership badges (9). Very fine - extremely fine. (22)

Estimate: 100 AUD