▁out ▁of ▁the ▁international ▁market , ▁leading ▁to ▁cancel led ▁orders ▁and ▁precip it ating ▁the ▁collapse ▁of ▁the ▁business . ▁ ▁A ▁receiver ▁was ▁appointed ▁and ▁successfully ▁trad ed ▁the ▁company ▁out , ▁rep ay ing ▁all ▁of ▁its ▁deb ts . ▁The ▁business ▁was ▁then ▁purchased ▁by ▁Jim ▁Law ry , ▁who ▁formed ▁Ex port ▁Y ach ts ▁Ltd , ▁bel ieving ▁that ▁export ▁was ▁the ▁future ▁for ▁the ▁company , ▁and ▁a ▁number ▁of ▁Caval ier ▁ 3 9 s ▁were ▁sent ▁to ▁Australia ▁and ▁the ▁United ▁States . ▁ ▁Mod els ▁Caval ier ▁Y ach ts ▁was ▁one ▁of ▁the ▁New ▁Zealand ▁boat - building ▁industry ' s ▁early ▁success es , ▁the ▁largest ▁in ▁the ▁southern ▁hem is phere ▁at ▁the ▁time . ▁ 1 7 0 ▁Caval ier ▁ 3 2 s ▁were ▁built , ▁and ▁ 8 4 ▁Caval ier ▁ 3 9 s . ▁ ▁The ▁Caval ier ▁ 3 2 ▁enjoyed ▁great ▁success ▁in ▁Half ▁Ton ▁racing ▁throughout ▁the ▁ 7 0 ' s . ▁Peter ▁Smith ' s ▁own ▁Con qu ero ▁won ▁the ▁ 2 0 0 ▁mile ▁South ▁Pacific ▁Half ▁Ton ▁Tro phy ▁ocean ▁race , ▁the ▁Leo ▁Bou za id ▁Memorial ▁ 1 2 0 ▁mile ▁off sh ore ▁race ▁in ▁ 1 9 7 4 , ▁and ▁sister - ship ▁P ett ico ats ▁took ▁out ▁the ▁ 9 7 ▁mile ▁off sh ore ▁race . ▁ ▁The ▁entire ▁range ▁consisted ▁of : ▁ ▁Caval ier ▁ 2 6