Operator of vessel #1 was motoring down in preparation to enter channel.  Vessel #2 was on plane and overtaking vessel #1 when he  struck vessel #1 causing sustantial property damage but no injuries.  Officer concluded from operator of vessel #2's statements that he was not maintaing a proper look-out and was not maintaining a safe distance in overtaking vessel #1.  Operator violated USCG Navigation Rules #5 and #8.
Quincy                        