The second of five consecutive international tournaments organized by the Margate chess club at their seaside resort. Former world champion Jose Raul Capablanca was invited a second time and agreed to participate, as did five British players who were also returning for the second time: reigning women's world champion Vera Menchik, Philip Stuart Milner-Barry, Brian Patrick Reilly, Edward Guthlac Sergeant and George Alan Thomas all attended. The six returning players were joined by Czech master Salomon Flohr, Swedish masters Gideon Stahlberg and Erik Lundin and British master Theodore Henry Tylor.

Unlike the other four Margate tournaments from this series, complete records and gamescores are no longer available. Only thirty-one of the original forty-five games remain and have been included here with the appropriate dates and round information where known.

The tournament proved to be a second consecutive disappointment for Capablanca as he again finished in second place, one-half point behind Flohr. This decade was a good one to Flohr, who would have another victory at Podebrady (1936) later in the year, there finishing ahead of Alekhine in the standings.