The Chancellor owned by Plymouth Trawlers Ltd is aground at Withnoe Point in Whitsand Bay in Cornwall. On 17 January 1934 after 4.30am, Rame's life saving corps responded to distress signals and carried rocket apparatus down a five hundred feet pathless cliff to reach the trawler and throw a line. In heavy seas and southwesterly gale force winds, nine fishermen were rescued with the Plymouth Lifeboat assisting by shining its searchlight but unable to approach.