| Carlton | 1.5 | 11 | 4.7 | 31 | 6.10 | 46 | 9.11 | 65 | | Essendon | 4.4 | 28 | 7.8 | 50 | 8.14 | 62 | 14.19 | 103 |
| Venue: Princes Park | Date: Saturday May 26, 1923 |
| Result: Lose by 38 points | Umpire: | Crowd: 33,000 |
| Goalkickers: R.Brew 2, S.McLatchie 2, M.Beasy 1, A.Duncan 1, J.Goonan 1, J.Greenhill 1, F.Pritchard 1. |
| Reports: | Injuries: |
Game Review
At the end of this round Carlton were in 8th spot on the ladder with a percentage of 71.0.
Team
| B: | 7 Jack Morrissey | 8 Rowley Faust | 16 George Bolt |
| HB: | 11 Maurie Beasy | 10 Paddy O'Brien (acting capt.) | 6 Bob Wilson |
| C: | 14 Harry Bell | 2 Joe Russell | 3 Jimmy Goonan |
| HF: | 4 Fred Pringle | 25 Jack Greenhill | 18 Frank Pritchard |
| F: | 26 Ray Brew | 20 Alex Duncan | 12 Jim Fraser |
| Ruck: | 22 Harry Toole | 30 Johnny Davies | 21 Stewart McLatchie |
| Coach: | Horrie Clover |
Milestones
Debut: Fred Pringle
Round 3 |
Round 5