1932
The Club’s name is registered with the prestigious Lloyds Register of Shipping

1934
The Club moves to Rung Kotale Island (now known as San Michele) Bolgoda Lake.

1936
The Club moves to a peninsula at Indibedde having leased 5 acres for a period of 10 years with the option of renewal for a further 10 years
Debentures were issued and the Club acquired sufficient funds to have the present pavilion erected, together with a jetty, workshop, slipway and a small boat shed

1945
The debentures are redeemed

1949
The Club becomes the owner of the land and buildings it now occupies
The Club becomes affiliated to the Yacht Racing Association now known
as the Royal Yachting Association.

1951
The Club adopts the Yachting World 14 foot General Purpose Dinghy as their Bolgoda One Design.

1955
An international Hornet Class is established

1956
The Club joins the Ceylon Yachting Association, the newly formed National Authority.
The Club receives a visit from H.R.H. The Duke of Edinburgh who sails a BOD on the lake

1957
The King and Queen of Nepal visit the Club

1963
The hard standing and mooring facilities are extended to cater for the new enthusiasm in water skiing and motor sports

1964
Extension takes place at the Club House with new quarters for the Club staff being the main feature.
The last full year of power boat racing at the Club

1968
The Enterprise is adopted as the National Class of Sri Lanka and finds a keen following at the CMYC.

1973
The Darawela Sailing Club at Castlereagh Dam closes down and generously gives the Club a number of Trophies and the starting bell which is still in use even today.

1979
The Club celebrates its Golden Jubilee with the donation of the Jubilee Cup by the Commodore.

1980's
The popularity of the GP 14 increases with growing membership. Fiberglass boats constructed locally are introduced to the Club for the first time. By the Diamond Jubilee in 1989 there are 42 GP 14s registered at the Club.
The new craze of windsurfing takes hold of many members and dozens of boards are brought to the Club. A special windsurfing shed is built to house all the equipment, but by the end of the decade racing is virtually abandoned due to the comparatively light winds on the lake.


The Club has also hosted several international yachting Regattas under the aegis of the Yachting Association of Sri Lanka. Members of the Club have represented Sri Lanka in many international events including the Olympics.
The Club provides keen competition for sailors with organised racing every Sunday and the beautiful location of the Club has made it a very popular spot for the whole family to relax away from the bustle of urban life amidst the graceful coconut palms and the cries of water-birds echoing across the water.