RedactedNarrative: The operator launched the vessel from the Gilford Town Docks and was headed Easterly driving at 25-30 mph. After a couple of minutes the engine started to slow down. When he was in front of his destination he noticed a burning smell and crackling sound coming from the engine compartment. The vessel was a short distance from shore so he had his passengers put on their life jackets to swim to shore. After the daughters swam to shore a good Samaritan came by and towed the vessel to a nearby mooring. The next morning the owner/operator went to move the vessel off the mooring and found the vessel had sunk. The vessel was towed to a marina where it was found that the water pump impeller was severely worn which caused the engine to overheat. The overheating was so bad it burned the exhaust hoses which allowed the water to enter the boat and cause the sinking.