I have a 74 Ericson 27 with a tiller. The last time I sailed, which was in September, the bolt that connects the tiller head and the rudder shaft sheared. I was able to make it back with half a bolt holding the assembly together. I took the bolt and the tiller off when I got back to the slip. When I returned to fix it today, the only thing left is the deck plate. The shaft and rudder are gone. All is see when looking down the bushing is blue lake (really green lake where I'm from). Is it possible for it to work it's way out? I thought there would be something to prevent it from falling out? Will it sink? If so I guess I can get a diver to look. Any ideas about replacing it if I can't find it? Thanks a bunch.
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