34 & 34T from the 70's
As Loren sez, this boat has no relation to the newer 34's. It was designed strictly to the IOR rule for a target rating of 24.5 IOR (which was known as 3/4 Ton back then). The shape of the boat, including the stern, was intended to acheive the lowest (slowest) rating with the least loss of speed, and this type of stern treatment was common amng IOR designs of that era.
The shape is sexy looking, but pretty bad in terms of a design feature. The shape of the aft sections resulted in a sharp narrowing of the hull around the rudder area (the reason being that IOR measured the WL beam at this part of the boat, and the wider the beam, the more "powerful" the stern section and the faster the boat (in any breeze). This narrow shape made the boat "appear" slower to the formula (and in fact it WAS slower in breeze). The narrow shape did yield some advantage in very light air, but it was greatly offset in breezy reaching where you want a wider stern and more form stability aft. Further, the narrowing of the hull at this point did not produce a smooth exit for the water as it leaves the hull, and created quite a nasty wake (meaning the boats leave a trail of disturbed water when sailing in max waterline, or breezy conditions). The famous and scary "rock and roll" performnce of IOR boats of the area was largely due to these stern shapes. Interestingly, these shapes did yield the best performance FOR THE RATING. This meant that faster boats, while getting to the finish line first, could not win on handicap-they were not enough faster to overcome the high handicap they were given as a result of the fast hull shape-so the slow boats won the races!
This was a major factor in the downfall of IOR as the preferred handicap rule- it did not produce fast, fun boats....
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Happy holidays!
S