Umpired by former Cambridge rower Frederick I. Pitman, Oxford won by 2+3⁄4 lengths in a time of 18 minutes 29 seconds, taking their overall lead in the competition to 37–30.
Oxford's boat contained three rowers who had previously participated three times in the event, in Duncan Mackinnon, Robert Bourne and Stanley Garton.
Six of the Dark Blues were studying at Magdalen College,[9] five of whom had rowed to victory in the Grand Challenge Cup at the Henley Royal Regatta the previous July.
[8] Three participants in the race were registered as overseas Blues: Oxford's Charles Littlejohn was Australian, while Cambridge's Pieter Voltelyn Graham van der Byl and cox C. A. Skinner hailed from South Africa.
[9] Umpire Pitman started the race at 2:36 p.m. in a light breeze which helped create an unusually strong spring tide.
By the time the crews passed below Hammersmith Bridge, the Dark Blues were two and a half lengths ahead and reduced their rating yet continued to pull away.