Shipbuilding in Shanghai during the past three months has been very busy and the progress in the different yards constitutes a local record, though to the man in the street the Its are not so visible. Many inquiries for new vessels are being continually received, and although local builders are seriously affected in competing with Home builders, yet on the other hand, owners have the great advantage of much quicker delivery and in many cases more satisfactory ves-isseis, as labour difficulties are at a minimum in comparison with the endless strikes and labour problems.
Text read from the printed page and cleaned; old type leaves the occasional error.