Mr. Donald Spence, in his report on the Shipping Trade of Shanghai for 1879, said the most important event of the year was the successful building of two steamboats for the Yangtsze trade—the Kungwo and Fuhwo—for Messrs. Jardine, Matheson ©o., or rather for the Yangtsze Steam Navigation Company, by Messrs, Boyd and Company, of Pootung. We have ourselves on many occasions alluded to these two vessels, and, as most of our readers are aware, the success that attended their running led to a third and larger yessd of the same description, the Tai-we, being at on the stocks; and when, she, was yunched a month ago, we published her dimensions together with a description of her engines, &c. In the meantime she has boon finished in a manner that reflects the greatest oredit upon her builders—in fact, to uso the words of one of our most experienced marine surveyors, she is the best thing of the kind that has been produced in Shanghai. She has boon completed with scrupulous care. in all the minutes of detail; substantiality, combined with neatness and due regard to the convenience and comfort of her crew and pasrongers, particularly native, being the main characteristics of her fittings. As regards her finish, to quote again the authority we have already mentioned, she is twenty-five por cent. bettor than either the Kungwo or Fuhwo, and would be, for a vessel of her kind, a credit to Clyde builders, comparing; she does in the way in' which shi boon finished, with her much larger and more pretentious competitors now running on the Yangtsze. Competition, but not opposition, is the motto of the Yangtsze
the names they have given to their three Steam Navigation Company, as implied by and while the uninitiated would imagine there are now more vessels running the Yangtsze for a profitable return to all, we hear that it is not unlikely that a sister ship of the Taiwo will soon be put on the stocks by Messrs. Boyd & Ca., to whom belong a largo Of the credit for the development of ship-building trade in Shanghai.
And the success which attended their latest efforts, in the building of the Taio, was the occasion of a most pleasant and satisfactory trial trip on Tuesday. The Taiwo was moored at Heard's Wharf, and at 10 o'clock there assembled on board, at the invitation of Messrs, Boyd and Com. Company, between thirty and_ forty riy and Messrs. Jardine, Matheson and
foreigners, and several prominent Chinese residents "interested in commerce and the. shipping trade. The company included Mr. J. J. Keawick, the senior partner in the firm of Messrs, Jardine, the son and Ca., Mr. P. V. Grant, the managing partner of Messrs. Boyd and Ca., Lieutenant Wykof and Chief Engineer Adamson of the U.S.S. Swatara, Messrs. B. A. Clarke, G. J. Morrison, A. Cheyne,—Hough, G. J. Yeo, L. Moore, ©. J. Ashley, D. M. David, R. P. Hunter, J. G. Thirkell, J. Whitty, G. Robi, John' Nach, ©. Rivington, William Robertson, Jas. Johnston, J. Mackenzie, A. Mayhew, Captain Barton, (Surveyor to H.M.'s Regisry Ofice. of hipping,) Captain J. P, Roberts, (Marine
Text read from the printed page and cleaned; old type leaves the occasional error.