The Melbourne crew which won in 1902, raced almost in tact in 1903 but only managed second placing, some 5 lengths behind Sydney. The other two crews also were very similar to the previous years crews. Adelaide finished third. The race was conducted on 6th June over the three mile course.
Time: 15 mins 36 secs
Margin: 5 lengths
1st Sydney University - Bow: J Coen, 2: C R Cropper, 3: L R Woodcock, 4: G H S Lightoller,
5: J N F Armstrong, 6: O A Ireland, 7: F B Craig, Str: V McDowell, Cox: T G MacKay
2nd Melbourne University - Bow: J A H Sherwin, 2: A A Hunt, 3: M Bell, 4: H C Fulford,
5: E L James, 6: R J Lewis, 7: C R Kirkby, Str: H J Whiting, Cox: J P Fogarty
3rd Adelaide University - Bow: C L Jessop, 2: N J Hargrave, 3: L W Hayward, 4: A F Stoles, 5: C A Edmunds, 6: M Birks, 7: B L Gardiner, Str: J R Muirhead, Cox: R N Finlayson