Spurred by the huge Navy Department orders placed to build up a two-ocean navy, all maier shipyards not only are operating at capacity but are actively expanding existing facilities to speed up the shipbuilding program. In most instances, the additional facilities are being built with Government funds, and the Navy will retain ownership. This will protect private operators from the burden of too much capacity when the present building programme ends and will prevent, to some extent. at least, o repetition of the. financial strain suffered after the World War.
Text read from the printed page and cleaned; old type leaves the occasional error.