On the morning of the 18th March, when it was blowing hard from the N.N.E. with snow showers, signals of distress were observed on the ketch New Leader, of Ramsey, which was riding in the South Bay about 100 yards from the Queen's Pier. She had come into the bay during the night but her anchors dragged until she got into a dangerous position. Before the Life-boat Mary Isabella could reach her the vessel's hawser carried away and it was with some difficulty that the Life-boat succeeded in saving her crew of four men. When they were rescued the vessel was driving along rapidly and she eventually went ashore in a very heavy sea and sank..