'As stated in the directors' port, during the year salvage servies of a greater or lesser degree have been successfully rendered to 'a number of vessels, and it may bbe of interest to you to know that, at one of these operations, no fower than six of your tugs were in attendance before the vessel was successfully refloated. This incident emphasized the fact that, in order to uphold our standing as salvage operators, it is necessary to maine tain a larger fleet of tugs than the normal towkige requirements of the port really warrant, At the same time, this surplus of ruga Teaves us with the satisfaction of knowing that, with our, present fleet, we would be able to cope with any additional towage orders which may come our way, as we hope they will, if only as a result of the nornyl expansion -of the trade of the port. I might here remark that our income from ordin ary harbour towage was practical ly the same as last year while, on salvage work, the amount included in the present accounts is slightly in excess of the previous year's figure. You will see from the report that the amount outstanding at the end of the year for salvage services rendered is estimated at 75,000, which is some Tls. 10,000 higher than the amount, corporated in the accounts before you brought forward from 1926, Land Transport You will, no doubt, expect me say something with reference to,
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