Hi Paul.
That does not look good, the crack in your pictures in your album. Screw below it and two "bursts", whyich are not too clear in your pictures.
What's it like on the inside of the hull, and a picture of the whole boat would be good.
If it where mine I would scrape/sand back for a better assessment. Maybe some wood has decayed.
Research an other thread on here about a crack in a destroyer, well worth look around this forum anyway, to see other stuff and how others do it.
The destroyer thread about a crack mentions a thin sealer that I have never heard of before, so look and learn.
Take your time, assess, more arvise if needed, decide then act, but most of all enjoy.
The loft is not the best place to store models, extreme heat in summer and the opposite in winter.
Remember old paint equals LEAD.
If it's a boat, use brass or s/steel or similar.
Edited By Rich Griff 1 on 09/01/2021 13:26:36
Edited By Rich Griff 1 on 09/01/2021 13:29:47