Story
The Caroline Rose is one of the schooners pictured on the back of the old Canadian $100 bill (on the left, see picture below). She's the sistership of the Blue Nose, built in the yards of Canada's most famous shipbuilding town of Lunenburg, Nova Scotia.
She was purchased in 1955 and brought to Owen Sound, where she was used for a few charters. In 1990, she was sitting derelict in Owen Sound harbour when a group of divers and local business people bought and towed her to Drifwood Cove, where she was sunk as a dive site. Unfortunately, a violent storm surge dragged her in shallower waters, breaking her up badly. However, there are large sections of the ship and many artifacts remaining.
Diving the wreck
The Caroline Rose sits at 55ft below this mooring buoy, at the mouth of Driftwood Cove. Most of the wreck lays next to the mooring block. The starboard side is gone and the top deck has collapsed, but the port side railing is still intact. Observe the large propeller, drive shaft and rudder.