The passage you provided indicates the history of a sunken wreck located at LAT 43-03-01N, LONG 78-54-56W in Lake Ontario. The wreck was designated as LS1776/40.
During a hydrographic survey (H9889/80), a large, cylindrical, iron object was located at LAT 43-03-00.56N, LONG 78-54-55.41W. The object bared 10 feet and had a diameter of 5 feet. Local boat owners stated that the object is the boiler of an old ferry that once operated in the area. It serves as a local landmark.
No other remains were visible in the area. Based on the survey evaluation, the evaluator recommended retaining the wreck as charted. The information was entered into the Marine Safety Manual (MSM) in September 1988.
As a result, the location of the sunken wreck, along with its size and history as a local landmark, has been recorded, and it will continue to be marked and recorded on relevant navigation charts for reference and safety purposes.