The village on the island was known as Ballyvoloon, overlooking "The Cove" and this was first referred to as Cove village in 1750 by Smith the historian who said "it was inhabited by seamen and revenue officials". The Cork directory of 1787 shows about thirty businesses in the town including one butcher and one draper. The Water Club established at Haulbowline in 1720 was the progenitor of the present Royal Cork Yacht Club (now based in Crosshaven) and is the oldest yacht club in the world. The Royal Cork Yacht Club (RCYC) was based for many years in Cobh and the present Sirius Arts Centre was formerly a clubhouse of the RCYC organisation. In 1966 the Royal Cork Yacht Club merged with the Royal Munster Yacht Club, retaining the name of the RCYC but moving its headquarters to those of the RMYC at Crosshaven at the other side of the harbour.
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