Yacht Melody FBYC

Melody sank on moorings,rather than raise her,she was towed to one side as she is in this picture.With a little luck she may still be saved,anyone want a classic yacht?

The original of the photo below is said to hang in the Algoa Bay YC,on the back of it is writen the boats owner and builder,who was a retired british naval officer.The boat is plank on steamed frames.She was sold in a bar one night in Graaff Reinet for the sum of R1.00 only,the buyers were David Price and Brian Hoskin (david later married Fiona Chisham,who was wed to the late Brian Lello)this was around 1959 when the boat was (we think) sailed down the coast to Cape Town and the RCYC club waters.

Price later gave the boat to Phil Nankin,he was then the senior officer in charge at Grainger Bays General Botha training facility,this was where Phil kept the boat,later on and when the site was closed and taken over for residential use,Phil gave the boat back to David,who seems to have passed it on to another owner, who took the boat to Simonstown and the FBYC,where she sank and still lays today?
All information kindly given to me by Colin Farlam,the RCYCs historian,Colin knows the boat very well as he used to sail on her.
We now need a nice person with a back pocket deep enough to restore Melody,any takers out there.

This boat is still under the water in FBYC I had a diver check her hull out about ten years back when I restored the Tumlaren,Astra,the hull was said to still be good,it still be today?