The year has seen a decrease in the volume of repair work as compared with 1919 and 1920 which perhaps in view of the general trade depression was to be expected, otherwise the Works have been kept busy with construction work and during the year we have completed and delivered two ocean-going cargo steamers, three lighters, three pontoons, one tender for Custom Service, two steam launches and four motor launches. We also assembled a shallow draft vessel for the Upper Yangtze built' in England and sent out in sections, and another vessel of similar type but builé and engined entirely at these Works, has been launched and will be delivered in a few days.
The Works are at present busy with the construction of a river steamer of 3,000 tons for the Hankow trade, a new pilot vessel of enlarged and improved type for the Shanghai Pilots Association, three steel and lighters other smaller craft.
No questions were asked and the formal resolutions were carried unanimously
Text read from the printed page and cleaned; old type leaves the occasional error.