1 told you last year that, in 1927, our turnover in respect of repale work was nearly double that of thy previous sear, T am particularly to he able to tell you to-! tay that this improvement hae not only been maintained but has bec considerably increased, In this cwnreetion, I would like to record the loyal ce-operation of the stall at the works: who have cheerfully shouldered the additional burden thrown upon them by. sereaxed turnover of the company'
The new executive has most assidvously devoted itself to further= the company's interests in every. conceivable way and the slow bus steady improvement in general conin China throughout gave them fuller it endeavours than might otherwise have been the ease, You can rest assured that, if the outlook continues to brighten, the management and staff can be relied upon to develop the company's activities to the fullest extent possible. fore leaving the subject of yr, L must make reference ngo away in construction work. ar the company com i pleted the construction of eight motor sampans for the United
one motor towboat, 11. cargo light:
tates 1m towboat! ers and me ywontoon, which is some thy what short of our usual output, We also entered into a contract for the construction of a large and most modern type of vessel fitted with full Diesel engines for service beand the middle Yangtze. nearing comp% Taunched a fertaight ago and. is expected to be delivered to her owners within the next few weeks.
You will be interested to hear she ix the largest full Diesel 1 to be placed in this service and it can be confidently expected that she will be found, in every the expectations and of her owners, the Yangnection with construction work need not, however, cause you con cern. It is in norway due to dissatisfaction sith the class of work turned out by your company but has-been brought about entirely by the virtual stoppage in construction
Text read from the printed page and cleaned; old type leaves the occasional error.