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WARSHIPBUILDINGONTHE CLYDE, 1889-1939: A FINANCIALSTUDY

By

HUGHB. PEEBLES

VOýUMEII : APPENDICES

31st January, 1986.

1ý TABLEOF CONTENTS .

APPENDIXA: ADMIRALTYSHIPBUILDING PROGRAMMES, 1859-1939. Noteson sources. Summaries. III Details. APPENDIX6: WARSHIPSLAID DOWNIN BRITISHSHIPYARDS ON ACCOUNTOF FOREIGN POWERS, 1859 -1939 . Analysis by year of launch and type of warship. Analysis by builder.

APPENDIXC: WARSHIPSBUILT ONCLYDESIDE , 1859-1939 . I Admiralty warship orders 1859-1889. II Admiralty warship orders 1889-1914. III Admiralty warship orders 1914-1919. IV Admiralty warship orders 1919-1939. V Warships built on account of foreign powers 1859-1939. APPENDIXD: OUTPUT OF CLYDESHIPBUILDING INDUSTRY, 1859-1939 . I Output of the Clyde shipbuilding industry 1859-1688. II Analysis of output of the Clyde shipbuilding industry 1889-1913 and 1919-1938 . III Clyde's share of U.K. and world output of merchant ships 1892-1.913and 1919-1938 . IV Summaryof output of major Clyde warshipbuilders 1889-1913and 1919-1938. V Analysis of output of major Clyde warshipbuilders 1889-1913and 1919-1938. APPENDIXE: CLYDEWARSHIPBUILDERS' ACCOUNTS.

General notes an standardisation of accounts II Fairfield Shipbuilding & Engineering Co. Ltd. I ýTI Clydebank. IV William Beardmore& Co. Ltd. V Scott's Shipbuilding & Engineering Co. Ltd. VI Alexander Stephen & Sons Ltd. VII Others (London & Glasgow, Denny's & Yarrow's) APPENDIXF: CLYDEWARSHIPBUILDERS' CONTRACT COSTS. I Notes on format. II Fairfield Shipbuilding & Engineering Co. Ltd. III Clydebank. IV William Beardmore & Co. Ltd. V Scott's Shipbuilding & Engineering Co. ýtd. VI Alexander Stephen & Sons Ltd. VII William Denny & Brothers Ltd. APPENDIXG: ACCOUNTSOF OTHERCLYDESIDE FIRMS. Russell & Co./ Lithgows Ltd. Others (D &W HendersonLtd.; The Blythswood Shipbuilding Co. Ltd.; J. G.Kincaid Ltd. ) APPENDIXA.

T ADMIRALTYSHIPBUII-DING PROGRAMMES 1859-1939

'r, ABLE OF CONTENTS

I Notes on sources etc.

Summariesof Admiralty shipbuilding programmes

a) 1859-1889 k'major warships only) b) 1889-1939

III Details of Admiralty shipbuilding programmes

a) IF,519 - 1889 b) 1689-1914

c) 11914-1919 d) 1919-1939 APPENDIXAl

NOTESON SOURCES.

In assemblinq data on British warsh, ps built betweer 1659 and 1939 reference was made to the fo1.lowinq sources :

"BRITISH BATTI-ESHIPS"by Oscar Parkes (Seeloy, Service & Co., 1966).

" PR1T1 SH DESTR 0 YE RS " . J. MARC,H, (Seeley, Service & Co., 1966). "BRITISH WARSHIPS1914-1919" by F. J. Dittmar & J. F. Colleaqp (Allan, 1972)

"ALI- THE WORLDIS FIGHTINul'SHIPS" published by the Conway Mari time Press

V01ume I (1660-19U5) 1979

VoIu me 2 (191,6-1921) 1985

VOIL ume 1921- 1946) 1980. "OBSEFýv oR ISD! RELC TOR Y OF ROYALNAVY SUBMARINES 19U1-198211 bv M.P. Crocker (Frederick Warne (Publishers) Ltd. 19ý2)

2) Except in a small nur,ýiber of instances, where other texts provided Useful detail, tne information to týpe, supPlementary. all of relatingI class, name, (displacement) tonnage and the horse-power of engines contained in tnýs appendix is drawn from Conway's "All theWor 10 's Fightina Ships,t . b) The composition of annual programmes between 1892-1893 and 1938-1939 has been oetermined by reference to the same source and to the relt-N,ant Navy Estimates. NOTESON CONTENTS

Except for the large number of warships cancelled

at the end of the First World War, the Admiralty

proarammes given in this appendix exclude warships

wh_,cch were not conplf,,ted

2 At various times between IP59 ano 1939 the Admiralty

purchased warships under construction for foreign

powers These purchases and merchant ships on the

stocks taken over for conversion into warships are

included in Admiralty proqrammes in the year of

Purchase. Where such items are included, their

preser,ce is denoted by an asteri sk (* ).

-Z ý Admiral tý. proqrammes a: so include al I warships

bui it in the Uni ted Klinqdom for the Royal Australý an

Navy. the Royal New Zealanu Navy, the Royal I noian Navy or for any of britain's overseas dependencies.

4) 'in using these statistics it should be borne in mind

that the displacement tonnaqe of warships built frORI

1921 onwards is riot strictly comparable with the

displacement tonnage of warships built earlier. Under

the terms of the Washington Treaty, standard displacement

was defined as the displacement of a warship excluding

fuel and reserve feed but otherwise full), armed and equippeo

ano ready for sea. Up to 1921 the displacement of British

warships quoted by the Navy ýist normally included

approximatelly half-fuel as well the ordinary supply of

stores, water etc. APPENDIXAllia

SUMMARYOFADMIRALTY SHIPBUILDING PROGRAMMES 1859-1889 (MAJOR WARSHIPS ONýY',

11-AlD DOWN TOTAI ROYAýDOCKYARDS PRIVATE COINTRACTORS CI-YDESIDE'S SHARE H.U-LS MACHI NEIRY HULLS MACHI ýNERY HULLS NACHI NE RY NO. TONS H.P. %0.TONS NO. H.P. NO. TONS NO. H.P. NO. TONSNO. H.p.

059-1860 A 49348 26039 9 18741 4 30607 13 26039 1 9250 5 ý418 4 12654 1 186LJ- 186 1 10 L4130 126548 iU7l(j 2 134d-U 113 6710 5 6558 1861-ib62 4 41903 25832 198 29 3 32074 4 22-5832 1862-1863 1 3687 2128 1 3687 1 2128 1863-1864 4 26804 22865 4 26804 4 22865 1864-iB65 91.92 7 8729 7 12314 87129 2 3122 5 1865-1866 6 19486 19337 6 19466 6 19337 1 1464 IH66-1867 5 26192 23289 4 18425 i 7767 5 23289 1 1597 1'867-1863 110 41980 36940 4 14446 6275 3z, 10 36940 2 120210 69t9 1868-i869 11 42180 31448 6 18054 5 24-12611 31448 1 4331 1 350U 1869 - 1870 3 20379 15428 3 20379 3 154218 1870-1871 9 40105 32171 5 26185 4 13920 9 3217l 1 348014 10790 1871-1872 1 5200 5640 1 5200 1 56"410 IH72-i873 R) 20807 21441 7 15467 3 534U lu 21441 1873-1874 5 30030 2-733865 30030 5 23386 10475 187,4-187510 31763 2945 54 8180 6 23583 10 29455 2 11.51033 D'.894 i875-1876 9 31275 36069 7 291115 22 26ýý9 36U69 2 2260 IH76-18-1,7 92505G 2299(i 3 10770 is 14281) 9 22990 6 14280 3 7163 1877-197/a 7 31970 247EH3 3390 4 '2858ý) 7 2-4788 lh-/a -ib'1711 6 17830 1963 6) 6 17830 6 19636 1 11)20 1879 -i 880 7 23770 19998 7 23771) 7 19996 80-Is 817 26660 304-,ýj 4 13760 3 1.2-9'i 01 7 3044U 3 '19011) 3 16500 ISL4-1-1882II 4325U 44910 9 41400 2 1856 11 44910 IH82-18 836 34860 376UO5 242601 12UO i lijbijo 5364 00 1383-1884 9 26540 29770 5 20640 5900 9 29770 1 i580 1 21li00 1884-18h5 14 30750 3630137 IP550 7 1220 G i4 363GO 61C.,6206 -i5000 1585-1886 13 76820 73700 27330 8 49490 13 '173700 2 11ý1103 165J0 1886-188718 5 15308 17600 5 15308 5 17600 '70 Sl"I' 18887 16730 1-8570 5 10830 2 5900 7 48570 1 5900 2 35, - ')'7 L iHH8-ld89 27 581HO1147ý! O 16 31385 1.1,2679 5 11,4700 2 5150 2 19000 APPCN'DIXAllb SUMMARYT ADMIRAI_TY WARSHIPBUIýDING PROGRAMt.IES 1889-1939 PROGRAMME PRIVATECONTRACTORS CýYDESIYL 'S SHARE TOTAI- ROYP%,- IDOCKYARDS HULLSMACHINERY HtJ!-'-S MACHI NEPY HUý'-S MACHINERY NO. TONS H.P. NO.TONS NO. H.P. TONS NO. H.P. NO.TONS No. H.P. 1889N. D. A. 70 335060466000 38 177550 7 37000 32 15751063 429000 8 4285014 1locr, ") IP93-1894 59 lJ2183 297i5O2 5 60520 5 26800 54 41663 57 270350 9 16415 9 573ý!, i 1894-1895 23 141435168SOU 7 757252 28M 16 65710 21 166000 5371 A'-55 42UDU 1895-1896 31 78910 244500 7 382702 15000 24 40640 29 229500 6 22348576 12 1896-1897 37 146525 321750 5 52585 32 93940 37 321750 10 4083511 1128-,(, 1897-1898 24 118324209600 8 518053 11400 16 66519 21 198200 6 37790 7 7690C 1898-1899 28 205350 383800 8 7931CI1 1400 20 12604027 382400 5 41050 6 115500 1899-1900 6 46830 86000 2 26860 4 19970 6 86000 2 19600 2 44000 1900-1901* 36 104071250000 11 602003 4200 25 43871 33 245800 6 30540 6 78200 1901-1902* 23 124655263400 3 32360 125O'Ll 20 92295 22 27090C 5 59010 4 81000 1902-1903 26 92220 2931 DUD 2 29135 24 63085 26 293100 3 21605 3 51000 1903-1904 34 117770276150 4 60895 30 56675 34 278150 1 1355C 2 41000 19L -44-1905 * 18 10299214250C 34 38DO 15 59192 18 142500 1 15925 1 27000 1905-1906 33 82872 298800 1 18110 32 64762 33 298800 2 34700 2 82000 1906-1907 24 63516 15220f)4 38180 20 25336 24 152206 3 755 4 35000 1907-1906 28 72612 2211655 43000 23 29612 28 221165 3 1526 5 66000 1908-1909 36 84613 433201)5 42110 33 42503 38 433201111 2193613 241400 1909-1910* 48 269078 834125 6 56378 42 21270048 634125 18 9887C18 337225 1910-3911 46 180751706500 7 59600 39 12115146 706505 18 5287917 352800 1911-1912 37 174635833300 7 65644 30 10899138 833300 12 6466614 37920(', 1912-191345 1946201199200 6 64877 37 12974345 11992 010 18 8193F19 644011 1913-191446 196642IflIU45Lj 11 77550 35 11909246 101045011 36431112 264950 WARTIMEEWERGENCY PROGRAMME'S 1914-1915* 217 ", 359F 3088050 7 11580 210 432018217 3088050 86 14731570 1263500 1915-1916 121 237441130 3397750 66 95028 62 1427550 --130280296 3397750 9 42855 1916-1917* 121 3373952486080 3 3050 Ile 334345121 2486080 37 14877030 1012200 1917-1918 144 2472903421840 Ib 422ý1 134 24307U144 3421640 70 10444058 1709000 19Ili -1919 59 82330 1343280 59 62330 59 1343286 30 37925 25 675000 -CANICFI-ý-ATI-85 -251655 -2016240 -4 -2610 -81 -249045-85 -2016240-30 -39250-3ýj -RIOCOO SýOnPSETC. 414 WJ439 89,1800 414 380439414 891800241 225266 24 1 512050 TOTA- 10001519693 12612560 25 59095 975 14605981000 12612560 500 719494 456 5789300 1919-1920 000 1921-1922 1 2425 2400 1 2425 2400 1922-1923 3 73783 130000 1 6740 2 67043 3 130000 1923-1924 1 1311 1350 1 1311 1 1350 1924-1925 7 51275 472500 3 29250 4 22025 7 472500 2 10923 3 193000 1925-1926 14 89962 505440 2 19700 12 70202 14 50,5 44 l,"i 7 30714 8 327124n 1926-1927 9 37000 248346 2 11400 7 25600 9 246340 3 12925 3 82780 1927-1928 18 31'566 404610 2 9665 16 21701 16 404810 4 5346 4 136000 1926-1929 20 264^2438668b 3 3565 17 22659 20 386680 2 2720 2 68000 1929-193o 15 24932 274'L 311 8 16371i 7 8562 15 274130 1 372 1 -4250 1936-1931 20 41025 55311C9 21310 11 19715 20 553110 2 2750 5 112000 19ý 31-1932 21 47756 5542206 16405 15 3.11351 21 554221) 8 16226 10 264840 1932-1933 20 39720 5489204 9630 16 31JO9020 548920 4 9490 5 246000 1933-1934 21 46655 550370 3 3500 18 43155 21 55070 11 21865 11 268110 1934-1935 24 75425 7240105 17020 19 58405 24 72401f) 8 16670 9 296500 1935-1936 31 72812 EP90204 11700 27 61112 31 899020 10 31177 11 441630 1936-1937 44 2149351691655 5 14350 39 200585 169165517 29065 16 552200 1937-193b49 26702017197600 4 1125C 45 25577C49 179760021 12994423 828700 1936-1939 21 1241408835501 1 1090 20 12305021 88355Cý10 66080 10 365700 APPENDIX Al II COMPOSITIONOFADMIRALTY SHIPBUILDING PROGRAMMES 1859-1889. TYPE TOTAL ROYALDOCKYARDS PRIVATECONTRACTORS CýYDESIDE'SSHARE HULLS MACHINERY HULLS MACHINERY HULLS MACHINERY NO. TONS H.P. NO. TONSNO. H.P. NO. TONSNO. H.P. NO. TONSNO. H.P.

WOODEN BROADSIDEIRONCLADS 3 19253 16344 3 19253 3 16544 FRIGATES 4 15274 8231 4 15274 4 8231 2 37uH CORVETTES 17 31789 35163 17 31789 17 35163 4 8782 SLOOPS 19 23638 18640 19 236 38 19 18640 8 5238 TOTAL 43' 89954 78376 43 89954 0000 43 7837H 0 14 17728 ARMOUREDIRON-HULLED BROADSIDEIRONCLADS 10 85930 48659 1 9829 9 76101 10 48659 2 15960 1 3260 CENTRALBATTERY IRONCLADS 13 95320 76377 7 5403t) 6 41291113 76377 2 12U2111 4830 TURRETSHIPS 18 157814 113082 11 11078B 7 47026 18 1130H2 1 8407 TURRETHAMS 4 19511 162IL) 1 5440 3 14071 4 16210 1 4331 2HI 3U IRONCI-ADRAMS 2 12640 9000 2 12640 2 9000 BARBETIESHIPS 6 619UO 66460 5 513UO 1 10600 6 66460 MONITORS 8 28421 13432 1 4912 7 23509 8 13432 1 348112 3132 CRUISERS 14 95273 96567 6 43020 b 52253 14 96567 4 263U3 4 23124 GUNBOATS 3 369U 2220 3 3691) 3 2220 TOTAL 78 560499 442007 34 291959 0u 44 268540 78 4420U7 10 62U9411 5LJ883

UNARMOUREDIRON-HULýED 2NDCLASS CRUISERS 15 5531U 97HOU 11)36510 5 1880015 97000 5 188uo3 16500 3RDCLASS CRUISERS 23 43525 66200 7 11690 16 3183523 66200 9 1735U9 25000 FRIGATES 3 17230 20480 3 17230 3 204BU CORVETTES 30 71155 80247 17 38775 13 323803u 80247 6 142805 11433 SLOOPS 34 36030 38891 27 29070 1 12011 7 6961J 33 37691 2 2261)3 4590 TORPEDOSHIPS 2 2885 7350 2 2885 2 7350 TORPEDOGUNBOATS 15 10213 493UO 111 6723 5 349U15 49300 TORPEDOBnAlCARRIERS 1 6600 120M) 1 6000 1 12000 GUNAND TORPEDO VESSELS 2 1900 3000 2 19M) 2 3000 TOTAL 125244848 374468 79 1513831 1200 46 93465124 373268 22 5269020 57523 TOTALMAJOR WARSHIPS 2468953UI 894853 156533296 1 12UO 90 362005245 B93653 32 11478445 126134

IN ADDITIONTOTHESE MAJOR VESSELS THEADMIRALTY ALSOBUILT A LARfl: NUMBEROFGUN VESSELS, GUNBOATS ANDSMALL TORPEDO BOATS IN THIS PERIOD. TOTAL DOCKYARDS PRI VA TE CLYDES I DE NO. TONS NO. TONSNO. TONS NO. TONS

WOODENGUNVESSELS 45 30793 27 18691lb 12102 COMPOSITEGUNVESSELS 29 19295 12 759U17 11705 8 5322 STEELGUNVESSEL5 5 25% 5 2550 WOODENGUNBOATS 16 5310 6 1980 11) 3330 COMP051TEGUNBOATS 54 30776 27 1637627 14400 6 3430 FLATIRONGUNBOAT5 39 11276 12 306227 8214 2 508 TORPEDOBOATS 159 5774 159 5774 2 120 TOTAL 347105754 84 47699263 58055 18 93BU APPENDIXAIM DETAILSOFADMIRALTY SHIPBUILDING PROGRAMMES IB89-1914 TOTAL ROYALDOCKYARDS PRIVATECONTRACTORS CIYDESIDE'S SHARE HULLS MACHINERY HULLS MACHINERY HUU-S MACHINERY NO. TONSH. P. NO. TONSNO. H.P. NO. TONSNO. H.P. NO. TONSNO. H.P. NAVYDEFENCE ACT HATTIESH I PS 10134200 90000 6 7760U 4 56600lu 90000 1 14150 3 2701)0 PROTECTEDCRUI')ERS 9.67550 90000 4 31)1OU 5 37450 9 90000 1 77003 3UOOO 2NDCLASS CRUISERS 29 107280207000 12 4868L)3 22500 17 5660026 184500 6 210UO7 495OU 3RDCLASS CRUISERS 4 10300 16000 4 103001 4000 3 12000 TORPEDOGUNBOATS 18 15730 63000 12 108703 10500 6 4860 15 52500 1 3500 70335060 466000 3817755U 7 370OU 32157510 63 429000 11 4285014 110000 1893-1894 BATTLESHIPS 3 41800 3UOO() 3 41800 3 30000 PROTECTEDCRUISERS 2 28400 50000 2 28400 2 50000 1 1420U1 25000 2NOCLASS CRUISERS 3 16800 24000 3 168003 240110 SLOOPS 2 192U 2800 2 19202 2800 DESTROYERS 42 120101711250 42 1201042 170250 8 22158 32300 TORPEDOBOATS 10 1253 2(3100 10 125310 20101) 59102183 297150 5 605205 26800 54 4166357 27U350 9 164159 57300 1894-1895 BATTLESHIPS 7 10307 5 7UOOU 5 73625 2 29450 7 70000 1 147251 1(moo 2NDCLASS CRUISERS 6 33600 48UOU 6 33600 6 48000 4 224004 320UO SLOOPS 2 21OU 2800 2 21HU2 2800 DESTROYERS 8 2660 48000 8 2661)8 4BOOO 23 141435168800 7 757252 2800 16 6571021 166000 5 371255 42000 1895-1896 PROTECTEDCRUISERS 4 44000 66000 1 ll()U() 3 33000 4 66000 2 220002 33000 2NDCLASS CRUISERS 4 23000 40000 4 230001 IOUOO 3 30000 3RDCLASS CRUISERS 2 4270 10000 2 4270 1 5000 1 5000 1 5000 DESTROYERS 21 7640 128500 21 7640 21 1285M) 4 14854 23200 31 78910244500 7 382702 15000 24 4064029 229500 6 234857 61200 1896-1897 BAI TLESH I PS 5 65750 67500 3 39450 2 26300 5 675OU 1 13500 PROTECTEDCRUISERS 4 44000 72000 1 110ou 3 33001)47 2000 2 220002 360()0 2NDCLASS CRUISERS 3 16950 30000 3 16950 3 30000 3 169503 3UUOO 3M)CLASS CRUISERS 6 12810 30U00 1 2135 5 10675 6 30000 DESTROYERS 19 7015122250 19 7015 19 122250 5 18855 33300 37146525 321750 5 525850 32 9394U37 321750 10 4083511 112800 1897-189[1 BATTLESjjIpS 4 56590 58500 3 43440 1 13150 4 58500 3RDCLASS CRUISERS 3 6405 150OU 3 64052 10000 1 5000 I 5UOO SI-OOPS 2 1960 2800 2 19601 1400 1 140U GUNBOATS 4 2840 5200 4 2841)4 52011 2 14202 2600 DESTROYERS 4 1439 25900 4 1439 4 25900 1 370 1 63013 17 69234107400 8 518053 11400 9 1742914 96UUO 3 179U4 13900 1897-IH98SUPPLEMENTARY ARMOUREDCRUISERS 4 48000 84UUU 4 48000 4 6401A) 3 360003 63000 DESTROYERS 3 1090 18200 3 1090 3 18200 7 4909 Li 102200 0U007 49090 7 102200 3 360003 63000 APPENDIXAIllb continued DETAILSOFADMIRALTY SHIPBUILDING PROGRAMMES 1889-1914 TOTAL ROYAL[)OCKYARDS PRIVATE CONTRACTORS Cý,YDESIDE 'S SHARE HUH-SMACHINERY HULLS MACHINERY HULLSMACHINERY NO. TONSH. P. NO.TONS NO. H.P. NO. TONSNO. H.P. NO.TONS NO. H.P. 1898-1899 BATTLESHIPS 3 43600 4500 3 436(11) 3 45000 ARMOUREDCRUISERS 4 56600120000 1 14150 3 42450 4 120000 2 283OU2 60000 SLOOPS 4 3920 5600 2 19601 1400 2 1960 3 420U 11104120 170600 6 597101 1400 5 4441010 169200 2 28300 2 60009 1898-1899SUPPLEMENTARY BATTLESHIPS 72001) 4 54155 4 72000 4 54155 86000 1 12UIJU ARMOUREDCRU15ERS 4 43600 86000 2 19600 2 240UO 4 2 43000 DESTROYERS 9 3475 552110 9 3475 9 55200 2 750 2 12500 17101230 213200 2 1960U0 0 15 81630 17 213200 3 12750 4 55500 1899-1900 BATTLESHIPS 2 26860 36000 2 26860 2 36000 ARMOUREDCRUISERS 2 19600 44000 2 19600 2 44000 2 196002 44000 TORPEDOBOATS 2 370 6000 2 370 2 6001) 6 46830 86000 2 268601) 04 19970 6 86000 2 196002 44000 1900-1901 BATTLESHIPS 2 28300 30000 2 28300 2 30000 1 15000 ARMOUREDCRUISERS 6 58800132000 2 19600 4 39200 6 132000 3 294002 44000 2NDCLASS CRUISERS 1 5880 12500 1 5880 1 12500 SLOOPS 6 6420 8401) 6 64203 4200 3 4200 DESTROYERS 5 19L)5 32400 5 1905 5 32400 3 11403 19200 TORPEDOBOATS 11 2246 33450 11 224611 33450 SUBMARINES 5 520 1250 5 520 5 1251) 36104071 250000 11 602ou3 4200 25 4387133 245800 6 305406 78200 1901-1902 BATTLESHIPS 3 46885 54000 1 15630 2 31255 3 54001) 1 15610 1 18000 ARMOUREDCRUISERS 6 65100 126001) 1 108.50 5 5425LJ6 126000 4 43400 3 630U0 2NDCLASS CRUISERS 1 5880 12500 1 5880 1 12500 DESTROYERS 13 6790 90900 13 6790 13 90900 23 124655283400 3 323601 12500 20 9229522 270900 5 590104 81000 1902-1903 BATJLFSjj I PS 2 31470 36000 1 15585 1 15EI852 36UOO 1 158851 18uuo ARMOUREDCRUISERS 2 27100 460U0 1 13550 1 13551)2 46000 3RDCLASS CRUISERS 10 285601516UO 10 28560 10 151600 2 57202 33000 DESTROYERS 8 4430 57500 8 4430 8 57500 SUBMARINES 4 661) 2000 4 660 4 2000 26 92220293100 2 2913500 24 6308526 293100 3 216053 51000 1903-1904 RATTLESJJ I PS 3 47345 54000 3 47345 3 54000 1 18000 ARMOUREDCRUISERS 4 54200 920OU 1 13550 3 40650 4 92000 1 135501 23000 3RDCLASS CRUISERS 2 6000 19600 2 6000 2 19600 DESTROYERS 15 8325107000 15 8325 15 1117000 SUBMARINES 10 1900 5550 10 190010 5550 34117770 278150 4 6089500 30 5687534 278150 1 135502 41000 APPENDIXAlIlb conLinued DETAILSOFADMIRALTY SHIPBUIWING PROGRAMMES 1889-1914 TOTAL ROYALDOCKYARDS PRIVATE CONTRACTORS CLYDFSIDE 'S SHARE HUU-SMACHINERY HULLS MACHINERY HIJI-1-5MACHINERY TONSNO. H.P. NO.TONS NO. H.P. NO. TONSH. P. NO. TONSNO. H.P. NO. 1904-1905 BATTLESHIPS 4 55800 48500 4 55BUO4 48500 1 15925 ARMOUREDCRUISERS 3 43800 81000 3 43800 3 81000 1 27000 DESTROYERS i 592 7000 1 592 1 7000 SUBMARINES 10 2800 6000 10 280010 6000 18 102992142500 3 438000 0 15 5919218 1425UU 1 159251 27000 1905-1906 FIATTLESH I PS 1 18110 23UOO 1 18110 1 23000 BATTLECRUISERS 3 52120123000 3 52120 3 123000 2 347002 82000 DESTROYERFLOTILLA LEADER 1 2170 30000 1 2170 1 30000 DESTROYERS 5 4301 71500 5 4301 5 71500 TORPEDOBOATS 12 2981 447UO 12 2981 12 44700 SUBMARINES 11 3190 6600 11 319011 6600 33 828722988uo 1 181100 0 32 6476233 298800 2 347002 82000

1906 - 1907 BATTLESHIPS 3 564(1069000 2 37600 1 18800 3 69000 1 23000 DESTROYERS 2 1950 31000 2 1950 231 0OU TORPEDOBOATS 12 3136 48UU(J 12 313612 48000 3 755 3 12UOO SUBMARINES 7 2030 4200 2 580 5 1450 7 4200 24 63516152200 4 3818U0 0 20 2533624 152200 3 755 4 35UUO 1907-19UH BATTLESHIPS 3 58680 73500 2 39121) 1 19560 373 500 1 245UH ýIGHTCRUISERS 1 3300 18000 1 3300 1 18000 1 16000 DESTROYER S 5 5186 775011 5 5186 5 77501) 1 10261 15500 TORPEDOBOATS 12 3156 48000 12 315612 46000 2 500 2 8000 SUBMARINES 7 2290 4165 2 580 5 1710 7 4165 28 72612221165 5 430000 0 23 2961228 221165 3 15265 66000 1908-1909 BATII-ESH I PS 1 19680 25000 1 19680 1 25000 BATTl-ECRUI SERS 1 18500 43000 1 18501) 1 43001) 1 43000 I-IGHTCRUISERS 6 27350128UOO 1 3350 5 24000 6 128000 3 14400 4 84000 DESTROYERS 16 15023228800 16 15(J23 16 228800 8 7536 8 114400 SUBMARINES 14 4060 8400 2 580 12 34HO14 8400 38 84613433200 5 421100 0 33 4250338 433200 11 2193613 241400 1909-1910 BATTLFSHIPS 6 129250158000 1 22200 5 1070506 158000 2 424252 521)(10, BATTLECRI II SERS 4 89540226000 1 26270 3 63270 4 226000 2 370002 86000 UGHTCRUISERS 6 27700124UOO 2 6700 4 21OU06 1240U0 2 105002 44000 DLSTROYERS 25 18360317725 25 1836025 317725 12 894512 155225 SUBMARINES 7 4228 8400 2 1208 5 3020 7 8400 48 269078834125 6 563780 0 42 21270048 834125 18 9887018 337225 APPENDIXAIM continued DETAIýSOFADMIRAI-TY SHIPBUIU)ING PROGRAMMES 1889-1914 TOTAl- ROYALDOCKYARDS PRIVATE CONTRACTORS CLYDESIDE 'S SHARE HULLSMACHINERY HULLS MACHINERY HUI-1-5MACHINERY NO. TONSH. P. NO.TONS NO. H.P. NO. TONSNO. H.P. NO.TONS NO. H.P. 1910-1911 BATTLESHIPS 4 92000108000 2 46000 2 46000 4 108000 1 230001 27000 BATTLECRUISERS 1 26500 75000 1 26500 17 5000 17 5000 LIGHTCRUISERS 7 33880161000 3 12280 4 21600 7 161000 3 162003 75000 DESTROYERS 23 17621344100 23 1762123 344100 13 1007911 173000 SUBMARINES B 5280 12800 2 1320 6 3960 8 12800 SUBMARINEDEPOT-SHIP 1 3600 2800 1 3600 1 2801) 1 36UU1 2800 SUBMARINETENDERS 2 1870 2800 2 1870 2 2800 46 180751706500 7 5960000 39121151 46 706500 18 5287917 352800 1911-1912 BATTLESHIPS 4 100000116000 2 50000 2 50000 4 116000 1 250001 29000 BATTLECRUISERS 1 28430108001) 1 28430 1 108000 1 284301 108000 UGHTCRUISERS 4 19760118000 3 14320 1 5440 5 IIHOOO 2 43000 DESTROYERS 20 18828478500 20 1882820 478500 8 75918 196000 SUBMARINES 7 4237 W200 2 1324 5 2913 7 102UO 1 265 1 600 DESTROYERDEPOT-SHIP 1 3380 2600 1 3380 1 2601) 1 33801 2600 37174635 833300 7 6564400 30108991 38 833300 12 6466614 379200 1912-1913 BATTI-ESH I PS 5 137500375000 2 55000 3 82500 5 375000 2 550002 15UOOO '-IGHTCRUISERS 8 30000320000 2 7500 6 22500 8 320000 4 150005 200000 DESTROYERS 20 197994860OU 20 1979920 486000 12 1193812 294000 SUBMARINES 12 7321 18200 4 2377 8 4944 12 18200 45 1946201199200 8 6487700 37129743 45 1199200 18 8193819 644000 1913-1914 BATTLESHIPS 5 140000200000 2 56000 3 84000 5 20OU00 1 280001 40000 ýIGHTCRUISERS 8 30000320000 5 18750 3 11250 8 320000 1 40000 DESTROYERFLOTILLA LEADERS 4 6424 144000 4 6424 4 144000 1 16081 36UHO DESTROYERS 13 12118326000 13 1211813 3260U0 6 53616 144000 SUBMARINES 16 8100 20450 4 2800 12 5300 16 20450 3 14623 4950 46 1966421010450 11 775500 0 35119092 46 1010450 11 3643112 264950 APPENDIXAlIlc DETAILSOFADMIRALTY SHIPBUILDING PROGRAMMES 1914-1919. TOTAL ROYALDOCKYARDS PRIVATE CONTRACTORS CLYDESIDE 'S SHARE HULLSMACHINERY HULI-S MACHINERY HUILS MACHINERY NO. TONSH. P. NO.TUNS NO. H.P. NO. TONSNO. H.P. NO.TONS NO. H.P.

1914-1915 BATTLESHIPS 3- 78500 97500 3 78500 3 97500 BATTLECRU I SERS 2 55300224000 2 55300 2 224000 2 553002 224000 MONITORS* 38110585 55750 38110585 38 55750 4 238502 4600 AIRCRAFT/SEAPLANECARRIERS 17 OE30 3000 1 7080 1 3000 LIGHTCRUISERS * H 36030290000 1 4320 7 31710 8 290000 1 4320 1 40OU0 DESTROYERFLOTILLA LEADERS 9 15228300000 9 15228 9 300000 DESTROYERS 80 814551994000 80 8145580 1994000 40 4030539 964000 SUBMARINES 50 36654 92000 6 7260 44 2939450 921100 18 11954 1 1600 RIVERGUNBOATS 24 8916 26100 24 891624 26100 20 633624 261OU DEPOT-SHIPS* 2 13850 5700 2 13850 2 5700 1 5250 1 3200 217443598 3068050 7 11580U 0 210432018 217 3088050 86 1473157U 12635UO 1915-1916 RATTI-ECRUISERS 2 3720018uooo 2 37200 2 180000 MONITORS 2 16000 120OU 2 16000 21 21JOU 1 8000 AIRCRAFTCARRIERS 1 19100 94UOO 1 19100 1 94000 I-IGHTCRUISERS 13 76430630000 4 33441i 9 42990 13 630000 4 222504 190000 DESTROYERFLOTILLA LEADERS 4 6678144000 4 6678 4 144000 1 16661 36000 DESTROYERS 82 853292157000 82 85329 82 2157000 50 5141244 1128000 SUBMARINES 20 35391177200 5 9415 15 25976 20 177200 4 75327 70000 GUNBOATS 4 392 700 4 392 4 701) 4 392 4 700 DEPOT-SHIPS 2 3776 2850 2 3776 2 2850 2 37762 2850 130280296 3397750 9 428550 0 121237441 130 3397750 66 9502862 1427550 1916-1917 BATTLFCRLJISERS 4 170680576000 4 1706804 576000 2 85340 2 28813110 AIRCRAFTCARRIERS 4 30570 9620U 4 3U5704 96200 3 208203 36200 LIGHTCRUISERS 3 14910120000 3 14910 3 12U000 1 4970 1 40000 DESTROYERFLOTILLA LEADERS 10 15625335000 10 1562510 335000 2 26502 54000 DESTROYERS 46 599001254000 46 5990046 1254000 22 2860022 594000 SUBMARINES 54 45710104880 3 305t) 51 4266054 104880 7 6390 121337395 2486080 3 30500 0 118334345 121 2486080 37148770 30 1012200 1917-1918 AIRCRAFTCARRIERS 2 33740 77000 2 33740 2 77000 I-IGHTCRUISERS 17 88530800000 17 8853017 800000 7 386907 360000 DESTROYERFLOTILI-A LEADERS 6 10750240000 6 1075U6 240000 DESTROYERS 85 944702277000 85 9447085 2277UUO51 5631051 1349000 SUBMARINES 34 198uo 27840 10 4220 24 1558034 27840 12 9440 144247290 3421840 10 4220 0 134243070 144 3421840 70 10444058 1709000 1918-1919 DESTROYERFLOTILLA LEADERS 6 10500240000 6 10500 6 240000 DESTROYERS 38 503501026000 38 5035038 1026000 25 3312525 675000 SUBMARINES 15 24090 77280 15 21481)15 77280 5 4800 59 823301343280 (I 00 0 59 8233059 1343280 30 3792525 675000 POSTWARCANCELLATIONS 13ATTLECRU ISERS 3 1280111432000 3 128010 3 432000 1 42670 1 144HO I-IGHICRUISERS 5 27480240000 5 27480 5 240000 2 12570 2 120000 DESTROYERFLOTILLA LEADERS 4 7000160000 4 7UOIJ4 160000 DFSTROYERS 40 525001080000 40 5250040 1080000 30 3925030 810000 SUBMARINES 33 36665104240 4 2610 29 3405533 104240 10 9600 85 2516552016240 4 26100 0 81 249U4585 2016240 43 10409U33 1074000 APPENDIXAlIle continued DETAIýSOFADMIRALTY SHIPBUILDING PROGRAMMES 1914-1919. IN ADDITIONTOTHE CONVENTIONAL WARSHIPS LISTED OVERLEAF THEADMIRAI-TY ALSOORDERED A LARGE NUMBEROFSMALLER WARSHIPS EXPRESSLY DESIGNED TOBE BUILT IN NON-SPECIALISTYARDS. TOTAL DOCKYARDSPRIVATE n-YDESIDE NO. TONS NO. TONSNO. TONS NO. TONS SLOOPS FLOWERCLASS 111138070 111 13807U 74 91510 24CLASS 26 35039 26 35039 12 16559 P. ANDP. C. BOATS 64 40780 64 40780 23 14537 KILPATROL GUNBOATS 85 76075 85 76075 3 2685 PADDLEMINESWEEPERS 37 30100 37 30100 33 26850 TWIN-SCREWMINESWEEPERS 151119800 151 119800 122 96600 TUNNELMINESWEEPERS 14 3860 14 3860 5 1425 TOTALORDERED 488443724 488 443724 272250166

SLOOPS 24Cl ASS 2 2640 2 2640 KII_PATROL GUNBOATS 31 27745 31 27745 PADDLEMINESWEEPERS 5 4100 5 4100 5 4100 TWIN-SCREWMINESWEEPERS 36 28800 36 28800 26 20800 TOTALCANCELLED 74 63285 74 63285 31 24900 TOTALCOMPLETED 414360439 414 380439 241225266 APPENDIXAlIld DETAILSOFADMIRALTY SHIPBUILDING PROGRAMMES 1919-1939 TOTAL ROYALDOCKYARDS PRIVATE CONTRACTORS Cl-YDESIDE'S SHARE HULLSMACHINERY HULLS MACHINERY HULLSMACHINERY H.P. NO. TONSH. P. NO.TONS NO. H.P. NO. TONSNO. H.P. NO.TONS NO. 1921-1922 SUB14ARINES 1 2425 2400 1 2425 1 2400 1922-1923 BATTLESHIPS 2 67043 90000 2 67043 2 90000 MINELAYERS 1 6740 40000 1 6740 1 40000 3 73783130000 1 674000 2 67043 3 13UOOU0000 1923-1924 SUBMAR I NES 1 1311 135U 1 1311 1 1350 1924-1925 160000 CRUISERS 5 400000 3 29250 2 19500 5 400000 1 9750 2 48750 1 33000 DESTROYERS 2 2525 72500 2 2525 2 72500 1 1173 7 51275472500 3 292500 04 22025 7 472500 2 ILJ9233 193000 1925-1926 CRUISERS 6 59100480000 2 19700 4 39400 6 480000 3 295704 320000 SUBMARINES 2 2708 2 2700 2 2708 2700 7240 RIVERGUNBOATS 4 1144 7240 4 1144 4 7240 4 11444 SUBMARINEDEPOT-SHIP 1 14650 8000 1 14650 1 8000 FLEETREPAIR SHIP 1 12300 7500 1 12300 1 7500 14 89902505440 2 197000 0 12 7020214 505440 7 307148 327240 1926-1927 80000 CRUISERS 3 281502400OU 1 9925 2 18225 3 240000 1 9975 1 SUBMARINES 8340 1 1475 5 7375 6 8340 2 29502 2780 6 8850 82780 9 37000248340 2 11401)00 7 25600 9 248340 3 129253 1927-1928 CRUISERS 1 8390 1 80000 1 8390 80001) 136000 DESTROYERS 9 12236311000 9 12236 9 311000 4 53484 SUBMARINES 6 8850 9810 1 1475 5 7375 6 9810 SLoops 2 2090 4000 2 2090 2 4000 18 31566404810 2 9865 00 16 2170118 404810 4 53484 136000 1928-1929 DESTROYERS 11 14954370000 11 1495411 370000 2 27202 68000 SUBMARINES 4 5900 6680 1 1475 3 4425 4 6680 SLOops 5 5370 10000 2 2090 3 3280 5 10000 20 26224386680 3 356500 17 2265920 386680 2 27202 68000 1929-1930 CRUISERS 1 7270 72000 1 727U 1 72000 DýSTROYERS 5 6900 180000 2 2750 3 415U 5 180000 SUBMARINES 3 3110 5380 2 1280 1 1830 3 5380 SLOops 4 4420 8000 2 2210 2 2210 4 8000 RIVERGUNBOATS 1 372 2250 1 372 1 2250 1 372 1 2250 NETLAYER 1 2860 1 6500 1 2860 6500 1 2250 15 24932274130 8 1637000 7 8562 15 274130 1 372 APPENDIXAIlld continued DETAILSOFADMIRALTY SHIP13UILDING PROGRAMMES 1919-1939 TOTAL ROYALDOCKYARDS PRIVATE CONTRACTORS CLYDESIDE'S SHARE HULLSMACHINERY HULLS MACHINERY HULLSMACHINERY NO. TONSH. P. NO.TONS NO. H.P. NO. TONSNO. H.P. NO.TONS NO. H.P. 1930-1931 CRUISERS 3 21420216000 2 14390 1 7030 3 216000 DESTROYERS 9 12400324000 1 1400 8 11000 9 324000 2 275U3 108000 SUBMARINES 2 1280 1 1500 3 4510 SI-OOPS 3 2780 4510 4 4240 8000 4 4240 4 8000 2 4000 RIVERGUNBOATS 1 185 600 1 185 1 600 20 41025553110 9 2131000 11 197152U 553110 2 27505 112000 1931-1932 CRUISERS 3 19245208000 2 12260 1 6985 3 208000 1 72000 DESTROYERS 9 12735326000 1 1495 8 11240 9 326000 4 56205 182000 SUBMARINES 3 3190 5380 1 670 2 2520 3 5380 SLOOPS 2 1980 4000 2 1980 2 4000 MINESWEEPERS 2 1630 3540 2 1630 2 3540 2 16302 3540 RIVERGUNBOATS 1 226 800 1 226 1 800 1 226 1 800 DESTROYERDEPOT-SHIP 1 8750 6500 1 8750 1 6500 1 8750 1 6500 21 47756554220 6 1640500 15 3135121 554220 8 1622610 264840 1932-1933 MISERS 3 19030208000 1 6980 2 12050 3 208000 1 52202 1360OU DESTROYERS 9 12700326000 9 12700 9 326000 3 42703 IIUOOO SUBMARINES 3 3190 5380 1 670 2 2520 3 5380 SLOOPS 3 3170 6000 2 19130 1 1190 3 6000 MINESWEEPERS 2 1630 3540 2 1630 2 3540 20 39720548920 4 963000 16 3009020 548920 4 9490 5 246000 1933-1934 CRUISERS 3 23470214000 3 23470 3 214000 1 9100 1 75000 DESTROYERS 9 12265310000 9 12265 9 310000 5 6865 5 174000 SUBMARINES 3 3710 4700 1 152U 2 2190 3 4700 1 670 1 1440 SLOOPS 3 3065 7300 2 1980 1 1085 3 7300 1 10851 3300 PATRU-VESSELS 1 510 3600 1 510 1 3600 1 510 1 3600 MINESWEEPERS 1 815 1770 1 815 1 1770 1 815 1 1770 NEILAYER 1 2820 9000 1 2820 1 9000 1 2820 1 9000 21 46655550370 3 35000 18 4315521 550370 11 2186511 268110 194-1935 AIRCRAFTCARRIERS 1 22000102000 1 22000 1 102000 CRUISERS 4 32570289000 2 14370 2 IH200 4 289000 1 9100 2 150000 MSTROYERS 9 12175310000 9 12175 9 310000 4 53604 136000 SUBMARINES 2 2190 3 4510 SLOOPS 3 2860 4510 1 670 2 1980 4000 2 1981) 2 4000 PAIR,VESSELS 2 1020 7200 2 1020 2 7200 2 10202 7200 MINESKEPERS 2 1630 4000 2 1630 2 4000 1 1190 3300 1 1190 13 300 1 11901 3300 24 75425724010 5 1702000 19 5840524 724010 8 166709 29650U APPENDIXAlIld continued DETAILSOFADMIRALTY SHIPBUILDING PROGRAMMES 1919-1939 Cl-YDF-SIDE'SSHARE TOTAL ROYALDOCKYARDS PRIVATE CONTRACTORS MACHINERYHULLS MACHINERY HULLSMACHINERY HULLS NO.TONS NO. H.P. NO. TON5H. P. NO.TONS NO. H.P. NO. TONSNO. H.P. 1935-1936 247500 1 9400 2 165000 CRUISERS 3 28200247500 1 9400 2 18800 3 DESTROYERS 16 2621716 618000 7 113577 268000 16 26217618000 4520 1 15201 1630 SUBMARINES 3 3285 4520 1 670 2 2615 3 SLOOPS 1 1190 3300 1 1190 1 33UO PATROLVESSELS 7200 2 1060 2 7200 2 1060 2 7000 MINESWEEPERS 4 3260 7000 1650 2 1630 4 RIVERGUNBOATS 1 700 1 4500 1 700 4500 I 8goo 1 7000 SUBMARINEDEPOT-SHIPS 7000 1 8900 1 7000 1 8900 899020 10 3117711 441630 31 72812899020 4 1170000 27 6111231 1936-1937 2 220000 BATTLESHIPS 2 73454220000 2 73454 AIRCRAFTCARRIERS 2 46000 2 222000 2 46000222000 7 470000 1 56002 124000 CRUISERS 7 49100470000 2 11200 5 37900 DESTROYERS 18 3347118 756000 11) 1859510 420000 18 33471756000 1 logo 1 1450 SUBMARINES 9905 1 1520 7 5980 8 9905 8 7500 1 3600 1 530 1 3600 PATROl-VESSELS 1 530 3600 1 530 MINEI-AYERS 1 805 1 1400 1 805 1 1400 1 805 1400 1 1750 MINESWEEPERS 2 1630 3 2445 5 8750 3 2445 5 4075 8750 1691655 17 2906516 552200 44 2149351691655 5 143500 0 39200585 44 1937-1938 2 734542 220000 BATTLESHIPS 330000 3 111,1813 330000 3 1101HI 2 222000 AIRCRAFTCARRIERS 2 46000222000 2 46000 CRUISERS 6 45321)7 486500 4 282604 269001) 7 53850486500 1 8530 7 129607 312000 DESTROYERS 704000 16 2944016 704000 16 29440 7 10150 2 21802 2900 SUBMARINES 7 7630 10150 1 109U 6 6540 SLOOPS 3 3750 3 10800 1 12501 3600 3 3750 10800 2 11602 7200 PA)ROl_VESSELS 10800 3 1740 3 10800 3 1740 8750 2 16304 7000 MINESWEEPE RS 5 4075 8750 2 1630 3 2445 5 RIVER 2 1304 2 7600 GUNBOATS 2 1304 7600 1 9050 1 7000 SUBMARINEDEPOT-SHIPS 7000 1 9050 1 7000 1 9050 49 1797600 21 12994423 828700 49267020 1797600 4 112500 0 45 255770 1938-19"g 1 234501 14BOU0 AIRCRAFT 148000 1 23450 1 148000 CARRIERS 1 23450 476000 2 141302 134500 CRUISERS 7 50920476000 7 50920 7 SUBMARINES 4350 1 loqu 2 2180 3 4350 3 3270 2 8600 2 26002 8600 ESCORTVESSELS 2 2600 8600 2 2600 72000 MINELAYERS 3 7950 3 216000 1 2650 1 3 7950216000 2 12502 7600 RIVER 7600 2 1250 2 7600 GUNBOATS 2 1250 2 15000 2 220002 15000 DESTROYERDEPOT-SHIPS 2 22000 15000 2 22000 SUBMARINE 8000 1 12700 1 8000 DEPOT-SHIPS 1 12700 21 883550 10 6608010 385700 21 124140883550 1 109000 20 123050 APPENDIXB

WARSHIPSLAID DOWNIN BRITISHSHIPYARDS ON ACCOUNT OF FOREIGNPOWERS

1859-1939

TABLEOF CONTENTS

Analysis by year of launch and type of warship.

Analysis by bullder.

Note: All the material contained in this appendix is taken from Conway'S "ALL THE WORLD'SFIGHTING SHIPS". (See

Appendix Al) Warships ordered by foreign governemnts

and subsequently purchased by the Admiralty are also

inc. 1,uded here .A s in Appendix A, relevant items are marked with an asterisk (*). WARSHIPSLAID DOWN IN BRITISH SHIPYARDS ONACCOUNT OF APPENDIXBI FOREIGNPOWERS 1860-1941 YEAR ARMOUREDCRUISERS GUNBOATSDESEROYERS OF TORPEDOBOATS SUBUARINIES OTHER TOTALU.K. CLYDESIDE LAUNCH NO. TONS NO. TONS NO.TONS No. TONS NO. TONS NO. TONS NO. TONS NO. TONS NO. TONS 1860 1861 0 1862 1032 0 1863 4 10099 448 2 1032 1864 4 20300 5 10547 1 1320 1865 9 33899 4 20300 1 6400 1866 5 7935 9 33899 3 14890 1867 2 7971 5 7935 1868 6 19420 2 878 2 7971 1869 2 4724 8 20298 4 4589 1870 1 2761 2 4724 1871 1 2761 1872 00 1873 1030 00 2 2 1030 1874 7 42218* 2 960 1875 3 22200 44ý')8 9 43178 * 9 1 1876 2 7254* 4 14BO 2 2212 15 28888 1877 3 8117 1 1152 7 9886 1878 3 8117 1879 1 4870* 6 2590 2 53 2 53 1880 1 4200 1 3 1320 8 245 15 7705 1380 11 1881 3 837 6 127 7027 4AR4 18 650 23 6171 1882 * 1883 1 5610 6 580 6 580* 2 6029 27 715 30 12354 1884 5 2310 * 1885 1 4921 10 689 1 1092 16 4091* 5 12464 7 13 17817 1886 4 6660 432 1887 6 631 10 7291 2 9025 5 765 7 1888 3 8043 9790 2 514 1889 1 ill 4 8154 1 4725 00 1890 2 4730 1 3180 2466 1891 1 2330 21 1210 28 11586 1 2400 3 4 2660 1892 3 9050 3 2562 330 1893 1 6 11632 2 1787 4568 1509 1 4 6094 1894 1 7000 1 850 322 17 1895 3 8172 1 322 1 4788 885 1 220 1896 2 24853 2 5 5893 3 885 6874 1700 6 1940 1 124 16 35491 6 2140 1897 3 16216 2 8460 4 1898 1600 10 1800 D 28076 4 1600 3 34250 3 12646 1 365 1899 3 39950 2 264 9 47525 13 3830 2 264 13 44044 1 15200 APPENDIXBl continued WARSHIPSLAIDDOWN IN BRITISH SHIPYARDS ONACCOUNT OFFOREIGN POWERS 1860-1941

YEAR ARMOUREDCRUISERS GUNBOATSDESEROYERS TORPEDO BOATS SUBUARINES OTHER TOTALU.K. CLYDESIDE OF LAUNCH NO. TONS NO. TONS NO.TONS NO. TONS NO. TONS NO. TONS NO. TONS NO. TONS NO. TONS 1900 4 33220 10 1100 14 34320 1901 4 1410 4 1410 1902 00 1903 2 23785 1 3830 1 126 4 27741 1904 00 1905 2 32800 2 813 1 203 5 33816 1906 1 15190 2 6200 1 180 2 704 6 22274 1907 9 585 2 704 11 1289 1908 1 19281 2 1418 3 1680 2 572 1 1850 9 24801 3 16BO 1909 1 19281 2 6200 1 133 5 2800 9 28414 6 2933 1910 2 1120 1 151 3 1271 2 1120 1911 2 5250 4 3920 1 240 3 873 10 10283 1 240 1912 1 27'500 1 1430 2 28930 1913 6 82660*1 1430 7 84090* 1914 2 11400*4 5837*6 17237*1 1007 1915 2 10420 5 5604*7 16024*4 3994 1916 1 922 9 11290 10 12212 1 922 1917 00 1918 1 100 1 100 1 100 1919 00 1920 00 1921 00 1922 00 1923 00 1924 00 1925 1 886 1 886 1926 00 1927 2 1950 2 1950 1928 8 9680 1 1540 9 11220 1929 1 1570 2 3080 1 9000 4 13650 1930 3 426 3 426 3 426 1931 1 1880 1 1880 1 1880 1932 2 1900 2 1900 1933 2 2438 2 2438 2 2438 1934 5 24UU z 556U > VbU 19-ic) -- -') 1936 00 2 4012 1 620 3 4632 1937 1 6500 7 9625 1 620 9 16745 2 2750 1938 2 2700 2 2700 2 2700 1939 UU 1940 - 1941 4 2496 4 2496 4 5440 4 5440 2 2720 APPENDIXBII

DISTRIBUTIONOFORDERS FORWARSHIPS LAID DOWN IN BRITISH SHIPYARDS ONACCOUNT OFFOREIGN POWERS 1860-1941

1860-1869 1870-1879 BUILDER 1880-1889 1890-1899 1900-1909 1910-1919 1920-1929 1930-1939 TOTAL NO. TONS NO. TONS NO. TONS NO. TONS NO. TONS NO. TONS NO. TONS NO. TONS NO. TONS ARMSTRONG 17 40256 25 131377 BARCLAYCURLE 14 88399 5 70250*1 886 1 6500 63 337668* BLACKWALL 2 3304 4 5000 4 5000 CAMMELLLAIRD 10 18756 27 15740 7 2 3304 3226 13 10505 2 23785 6 14340* 2 2750 67 89102* CLYDEBANK 1 2090 3 5239 10 22877 DENNY 2 878 2 2080* 2 2750 18 35036* DUDGEON 1 9130 2 878 EARLE 3 8940 1 9130* FAIRFIELD 3 8940 GREEN 1 5700 2014* 2 2014* HAMILTON 1 5700 HAWTHORNLESLIE 2 2500 2 2500 HARRISON(MILLWALL) 1 4006 4 5460 4 5460 HENDERSON 1 4006 1 2200 2 2500 2 2500 MILFORDHAVEN 1 2200 NAPIER 6 24231 1322 RENNIE 4 4615 8 25553 SAMUDA 4 13859 5 31055 3 14731 4 4615 SWANHUNTER 12 59645* 1 1290 1 1290 THAMESIRONWORKS 8 32571 6 34247 4 2333 2 27383 THORNYCROFT 4 85 35 2090 14 8 360 1 151 29 97045* VICKERS 2530 3 774 6 6540 62 120)9 5 51443 9 57433 15570 8 7765 28 132211* WHITE 1 137*1 15 *6 YARROW 7 221 48 1959 6 9300* 2 4012 10 13464* * 38 5164 30 9304 6 3289 3 4710 8 7444 140 32091* TOTAL 37 106706* 54 101618* 120 73275 105201173 62 174065 46 170147 16 27706 27 36681 467891371 WARSHIPSBUILT ONCLYDESIDE 1859-1939

TABLEOF CONTENTS

Admiralty warship orders 1859-1889 a) Summaryby year laid down b) Detai ls

11 Admiralty warship orders 1889-1914

a) Summaryby year laid down b) Detail s

III Admiralty warship orders 1914-1919 a) Summary(all warships) b) Details (conventional warships only)

Iv Admiralty warship orders 1919-1939

a), Summary b) Detai Is

v Warships built on account of foreign powers 1859-1939 .

Note: The conLents of this appendix are based on the samematerial used in compiling Appendices A, Band F. For sources etc. see these appendices. APPENDIXCla SUMMARYOFADMIRALTY WARSHIP ORDERS SECURED BYC'-YDESIDE FIRMS

YEAR ROBERTNAPIER & SONS JOHNEýDER/FAIRFIELD J&G THOMSON SCOTTSOFGREENOCK OTHERS LAIDDOWN HULLS ENGINES HULLS ENGINES HULLS ENGINES HULLS ENGINES HULLS ENGINES NO TONSNO H.P. NO TONSNO H. P. NO TONSNO H.P. NO TONSNO H.P. NO TONSNO H.P. 1859-18601 9250 1 2088 3 1402 1 694 1860-18611 6710 2 4880 3 1678 1861-1862 1862-1863 1863-1864 1864-1865 1865-1866 1 1464 1866-1867 1 1597 1 603 1 580 1 603 1 580 1206 2 1160 1867-1868.2 12020 2 6919 2 1868-18691 4331 1 3500 1869-1870 1870-18713 398B 3 5150 3 4160 1871-1872 1872-1873 1673-18742 1240 3 3208 1 8407 1874-18751 7630 1 2100 1 7473 1 6624 1 2170 1875-18764 3170 2 1030 2 910 2 1030 1876-1877 6 14280 3 7163 1877-1878 1878-1879 1 1020 1879-1880 2 1670 2 1620 1880-18813 12900 3 16500 1 28 1 450 1881-1882 1882-1883 1883-1BB4 1 1580 1 2000 1884-1885 6 10620 1885-18862 11200 2 11000 0 15000 1886-1887 1 5500 1887-1888 2 5900 2 3570 1 92 1 1000 2 5150 2 8000 2 1610 2 2400 APPENDIXClb DETAILSOF CLYDESIDE'S SHARE OFADMIRALTY BUILDING PROGRAMMES 1859-1888.

ýAIDDOWN TYPE CI-ASS NAME HUI-ý ENGINESLAID DOWN '-AUNCHED COMP'-ETED BUF-DER TONNAGEHORSE POWER 1859-1860BROADSIDE IRONC'-AD (HUU- ON'-Y) Warrior Bl-ACKPRINCE 9250 5.59 12.60 10.61 ROBERTNAPIER & SONS WOODENFRIGATE ENGINES Immortalite BRISTOý 2088 9.59 2.61 10.65 ROBERTNAPIER & SONS WOODENSýOOP ENGINES Rosario ROSARIO 464 6.59 10.60 GREENOCKFOUNDRY WOODENSI-OOP ENGINES Rosario RAPID 460 8.59 11.60 GREENOCKFOUNDRY WOODENSt-OOP ENGINES Rosario PETEREIL 478 12.59 11.60 GREENOCKFOUNDRY WOODENSI-OOP ENGINES Cameleon CHANTIC!-EER 694 2.60 2.61 A&J ING'-IS 1860-1861 BROADSIDEIRONCI-AD Hector HECTOR 6710 3260 3.61 9.62 2.64 ROBERTNAPIER & SONS WOODENFRIGATE ENGINES none ENDYMION 1620 10.60 11.65 9.66 ROBERTNAPIER & SONS WOODENSýOOP ENGINES Rosario AFRICA 530 12.60 2.62 GREENOCKFOUNDRY WOODENSI-OOP ENGINES Rosario COLUMBINE 521 5.60 4.62 GREENOCKFOUNDRY WOODENSýOOP ENGINES Rosario ROYAl-IST 627 11.60 12.61 GREENOCKFOUNDRY 1865-1866 WOODENT-OOP ENGINES Amazon DRYAD 1464 9.66 ROBERTNAPIER & SONS 1866-1867WOODEN CORVETTE ENGINES Juno THAý-IA 1597 . 66 7.69 ROBERTNAPIER & SONS COMPOSITEGUNVESSEý Beacon HART 603 580 J&G THOMSON COMPOSITEGUNVESSE! -' Beacon MIDGE 603 580 JOHNE! & CO. COMPOSITEGUNVESSEý Beacon PERT 603 580 REID&-DER CO. COMPOSITEGUNVESSE Beacon ROCKET 603 580 ýONDON& GýASGOW 1867-1868 (HULL CENTRALBATTERY IRONCLAD ONLY)Audacious AUDACIOUS 6010 ROBERTNAPIER & SONS CENTRAL 6.67 2.69 9.70 BATTERYIRONCLAD Audacious INVINCIBLE 6010 4830 6.67 5.69 10.70 ROBERTNAPIER & SONS WOODENCORVETTE ENGINES Eclipse DANAE 2089 ROBERTNAPIER & SONS 1868-1869TURRET RAM Hotspur HOTSPUR 4331 3500 10.68 3.70 11.71 ROBERTNAPIER & SONS 1870-1871MONITOR (HUI-1- ONýY) Cyclops HYDRA 3480 9.70 12.71 5.76 ROBERTNAPIER & SONS MONITORENGINES Cyclops HYDRA MONITORýNGINES 1472 9.70 12.71 5.76 JOHNEýDER & CO. Cyclops CYCLOPS 1660 9.70 7.71 5.77 JOHNEl-DER & CO. TURRETRAM ENGINES Rupert RUPERT SONS WOODENCORVETTE ENGINES 4630 6.70 3.72 7.74 ROBERTNAPIER & Eclipse TENEDOS 3028 5.70 7.72 JOHNEl-DER & CO. FLATIRONGUNBOAT Ant BUSTARD 254 FLATIRONGUNBOAT 260 ROBERTNAPIER & SONS Ant KITE 254 ?60 ROBERTNAPIER & SONS 1873-1874TURRET SHIP ENGINES Inflexible INFI-EXIBýE 8407 Eý-DERCO. WOODENCORVETTE ENGINES Amethyst 2.74 4.76 10.Bl JOHN & MODESTE 2068 5.73 1.74 ROBERTNAPIER & SONS COMPOSITEGUNVESSEý Arab ARAB 620 COMPOSITEGUNVESSEL 570 ROBERTNAPIER & SONS Arab 1-11-Y 620 570 ROBERTNAPIER & SONS 1874-1875 ARMOUREDCRUISER Nelson NEýSON ARMOURED 7473 6624 11.74 11.76 7.81 JOHNEýDER & CO. CRUISER(HUýý- ONýY) Nelson NORTHAMPTON7680 COMPOSITECORVETTE ENGINES 10.74 11.76 12.78 ROBERTNAPIER & SONS Emerald OPA-I 2100 ROBERTNAPIER & SONS COMPOSITECORVETTE ENGINES Emerald 8.75 1.76 EMERAý-D 2170 8.76 6.78 J&G THOMSON APPENDIXClb DETAILSOF CLYDESIDE'S SHARE OF ADMIRALTY BUILDING PROGRAMMES 1859-1888. CLASS LAIDDOWN TYPE NAME HUýL ENGINESLAID DOWN LAUNCHED COMPLETED BUILDER TONNAGEHORSE POWER 1875-1876COMPOSITE SLOOP (HULL ONLY) Osprey WILDSWAN ROBERTNAPIER & SONS (HULLONLY Osprey 1130 1.76 COMPOSITESLOOP PENGUIN 1130 3.76 ROBERTNAPIER & SONS COMPOSITEGUNBOAT Forester MOORHEN ROBERTNAPIER & SONS Forester 455 515 COMPOSITEGUNBOAT FHELDRAKE 455 515 ROBERTNAPIER & SONS COMPOSITEGUNBOAT Forester IREBRAND THOMSON Forester 455 515 J&G COMPOSITEGUNBOAT FIREFLY 455 515 J&G THOMSON 1876-1877STEEL CORVETTE Comus COMUS CO. Comus 2380 2450 76 4.78 . 78 JOHNELDER & STEELCORVETTE CARYSFORT . & CO. Comus 2380 2403 . 76 9.78 . 79 JOHNELDER STEELCORVETTE CHAMPION ELDER& CO. (HULLONLY) Com 2380 2310 . 76 7.78 . 78 JOHN STEELCORVETTE us Cl-EOPATRA 2380 76 8.78 78 JOHNELDER & CO. STEELCORVETTE (HULL ONLY) Comus CONQUEST . . 2380 76 10.78 . 79 JOHNELDER & CO. STEELCORVETTE (HULL ONLY) Comus CURACAO . CO. 2380 . 76 4.78 . 78 JOHNEl- DE R& Si_ooPENGINES Doterel 1878-1879COJJPOSITE MIRANDA 1020 9.79 ROBERTNAPIER & SONS GUNVESSEL Algerine 1879-1880COMPOSITE RAMBI-ER 835 810 JOHNELDER & CO. COMPOSITEGUNVESSEL Algerine RANGER ELDER& CO. TORPEDOBOAT 835 810 JOHN NO.15 28 450 HANNADONALD & WILSON 1880-18812ND CLASS CRUISER Leander ARETHUSA NAPIER& SONS CRUISER Leander 4300 5500 6.80 12.82 . 86 ROBERT 2NDCLASS LEANDER 4300 ROBERTNAPIER & SONS 2NDCLASS CRUISER Leander 5500 6.80 10.82 5.85 PHAETON 4300 5500 6.80 2.83 4.86 ROBERTNAPIER & SONS 1884-18853RD CLASS CRUISER Scout SCOUT 1580 2000 1.84 7.85 8.85 J&G THOMSON 3RDCLASS CRUISER Archer ARCHER THOMSON CRUISER Archer 1770 2500 3.85 12.85 12.88 J&G 3RDCLASS BRISK 1770 J&G THOMSON 3RDCLASS CRUISER Archer 2500 3.85 4.86 3.88 COSSACK 1770 2500 3.85 6.86 1.89 J&G THOMSON 3RDCLASS CRUISER Archer MOHAWK 1770 THOMSON 3RDCLASS CRUISER Archer 2500 3.85 2.86 12.90 J&G PORPOISE 1770 2500 3.85 5.86 2.88 J&G THOMSON 3RDCLASS CRUISER Archer TARTAR 1770 2500 3.85 10.66 6.91 J&G THOMSON 1885-1886ARMOURED CRUISER Orlando AUSTRALIA 5600 5500 4.85 11.86 10.88 ROBERTNAPIER & S014S ARMOUREDCRUISER Orlando GALATEA & SONS ARMOUREDCRUISER ENGINES Orlando 5600 5500 4.85 3.87 3.89 ROBERTNAPIER AURORA 5500 2.86 10.87 7.89 J&G THOMSON 1887-18882ND CLASS CRUISER (HULL ONLY) Medea MARATHON 2950 8.87 8.88 89 FAIRFIELD 2NDCLASS CRUISER (HULL ONLY) Medea MAGICIENINE . COMPOSITESLOOP ENGINES Nymphe 295f) 8.87 5.88 . 89 FAIRFIELD NYMPHE 2000 7.87 5.88 2.89 GREENOCKFOUNDRY COMPOSITESLOOP ENGINES Nymphe DAPHNE TORPEDOBOAT 1570 6.87 5.88 5.89 GREENOCKFOUNDRY NO.101 92 1000 HANNADONALD & Wl'-SON 1888-18893RD CLASS CRUISER Pearl RINGAROOMA 3RDCLASS CRUISER Pearl 2575 4000 12.88 12.89 2.91 J&G THOMSON TAURANGA 2575 4000 12.88 10.89 1.91 J&G THOMSON COMPOSITEGUNBOAT (HULL ONLY) Redbreast SPARROW COMPOSITEGUNBOAT (HULL ONLY) Redbreast 805 SCOTT& CO. THRUSH 805 SCOTT& CO. COMPOSITEGUNBOAT ENGINES Redbreast SPARROW COMPOSITEGUNBOAT ENGINES Redbreast 1200 GREENOCKFOUNDRY THRUSH 1200 GREENOCKFOUNDRY APPENDIXMa SUMMARYOFADMIRALTY WARSHIP ORDERS SECURED BYCLYDESIDE FIRMS 1889-1914

YEAR NAPIER/ BEARDMORE FAIRFIELD CLYDEBANK SCOTT LONDON& GLASGOW DENNY YARROW OTHERS LAID HULLSENGINES HULLSENGINES HULLSENGINES HULLSENGINES HULLSENGINES HULLSENGINES HULLSENGINES HULLSENGINES DOWNNO TONSNO H.P. No TONSNO H.P. NO TONSNO H.P. NO TONSNO H.P. NO TONSNO H.P. NO TONSNO H.P. NO TONSNO H.P. NO TONSNO H.P. 1889 1 7700 1 10000 2 20000 3 102003 21000 2 7200 2 14000 1890 1 141501 9000 2 180()o 1 3600 1 7000 1891 1 7500 1892 1 3500 1893 1894 5 120255 28000 5 297655 47300 1 5600 1 8000 2 550 2 8000 1895 4 1485 5 28200 1 5600 1 8000 1896 5 230655 53400 3 223503 40300 1897 2 113003 25000 1 13500 3 7070 3 12600 1898 3 243703 48300 2 240002 42000 1899 3 149003 42500 1 141501 30000 1 9800 1 22000 1900 1 9800 1 22000 1 470 2 30600 1901 1 9800 1 9800 1 22000 1 15000 1 9800 1 22000 1902 1 10850 1 156101 18000 2 267352 39000 1 108501 21000 1 108501 21000 1903 2 5720 2 33000 1904 1 135501 23000 1 18000 1905 1 15925 27000 1906 1 174102 64000 1 172901 41000 1907 1 18000 24500 2 502 2 8000 1 253 1 4000 1908 1 IBOOO 3 1526 3 23500 1909 1 4800 1 22000 5 8319 5 78400 5 8420 6 121400 1 202251 25000 1 942 1 14300 1 975 1 14300 1910 2 274502 49000 4 207104 80600 4 208204 83500 1 5250 1 22000 7 5352 5 66225 2 1560 2 32000 i 760 1 13500 1911 2 6160 3 56500 1 700 1 10900 4 7880 5 151500 3 268653 30400 3 2297 3 60000 1912 8504 8 228000 3 269923 78000 6 3 303003 157000 5 115855 101100 3 2963 3 73000 4 3960 4 98000 1913 4 392504 160000 1 275001 75000 2 284002 100000 3 1462 3 4950 3 2661 3 69000 1914 2 1800 2 50000 1 40000 1 1608 1 36000 APPLNDIX Cub DETAILS OF CLYDESIDE'S SHARE OF ADMIRALTY SHIPBUILDING PROGRAMMES1889-1914

PROGRAMME TYPE CLASS NAME HULL ENGINE LAID DOWNLAUNCHED COMPLETED BUILDER VALUE TO TONNA HORSE POWER BUILDER £ NAVY DEFENSE ACT BATTLESHIP Royal Sovereign RAMILLIES 14150 9000 8.90 3.92 10.93 CYDEBANK 493884 BATTLESHIP ENGINES Centurion CENTURION 9000 3.90 8.92 2.94 GREENOCKFOUNDRY BATTLESHIP ENGINES Centurion BARFLEUR 9000 10.90 8.92 6.94 GREENOCKFOUNDRY PROTECTEDCRUISER Edgar GIBRALTAR 7700 10000 12.89 4.92 11.94 ROBERT NAPIER & SONS PROTECTEDCRUISER ENGINES Edgar EDGAR 10000 6.89 11.90 3.93 FAIRFIELD 103796 PROTECTEDCRUISER ENGINES Edgar HAWKE 10000 6.89 3.91 5.93 FAIRFIELD 11)3098 2ND CLASS CRUISER Apollo TERPSICHrJRE 3400 7000 8.89 10.90 4.92 CLYDEBANK 158575 2M CLASS CRUISER Apollo THETIS 3400 7000 10.89 12.90 4.92 CLYDEBANK 158066 2ND CLASS CRUISER Apollo TRI BUNE 3400 7000 12.89 2.91 5.92 CLYDEBANK 158000 2M CLASS CRUISER Apollo INDEFATIGABLE 3600 7000 9.89 3.91 4.92 LONDON& GLASGOW 2ND CLASS CRUISER Apollo INTREPID 3600 7000 9.89 6.91 11.92 LONDON& GLASGOW 2M CLASS CRUISER Apollo IPHIGENIA 3600 7000 3.90 11.91 5.93 LONDON& GLASGOW 2ND CLASS CRUISER ENGINES Astraea HERMI ONE 7500 12.91 11.93 1.96 CLYDEBANK 54546 TORPEDOGUNBOAT ENGINES Dryad HAZARD 3500 4.93 11.93 7.94 FAIRFIELD 22695

1893-1894 PROTECTEDCRUISER Powerful TERRI BLE 14200 25000 3.94 7.95 6.97 CLYDEBANK 561111 DESTROYER A ROCKET 280 4100 2.94 8.94 7.95 CLYDEBANK 35350 DESTROYER A SURLY 280 4100 2.94 11.94 7.95 CLYDEBANK 35350 DESTROYER A SHARK 280 4100 2.94 9.94 7.95 CLYDEBANK 35350 DESTROYER A HANDY 275 4000 6.94 3.95 10.95 FAIRFIELD 35984 DESTROYER A HART 275 4000 6.94 3.95 1.96 FAIRFIELD 35984 DESTROYER A HUNTER 275 4000 6.94 12.95 5.96 FAIRFIELD 35984 DESTROYER A FERVENT 275 4000 3.94 3.95 6.00 HANNA DONALD & WILSON DESTROYER A ZEPHYR 275 4000 4.94 5.95 7.01 HANNA DONALD & WILSON

1894-1895 BATTLESHIP Majestic JUPI TER 14725 10000 4.94 11.95 5.97 CLYDEBANK 435855 2ND CLASS CRUISER Eclipse DIANA 5600 8000 8.94 12.95 6.97 FAIRFIELD 214188 2M1 CLASS CRUISER Eclipse VENUS 5600 8000 6.94 9.95 11.97 FAIRFIELD 214188 2ND CLASS CRUISER Eclipse DIDO 5600 8000 8.94 3.96 5.98 LONDON& GLASGOW 2MI CLASS CRUISER Eclipse ISIS 5600 8000 1.95 6.96 5.98 LONDON& GLASGOW

1895-1896 PROTECTEDCRUISER Diadem EUROPA 11000 16500 1.96 3.97 11.99 CLYDEBANK 462203 PROTECTEDCRUISER Diadem DIADEM 11000 16500 1.96 10.96 7.98 FAIRFIELD 460077 3RD CLASS CRUISER ENGINES Pelorus PELORUS 5000 5.95 12.96 3.97 CLYDEBANK 44786 DESTROYER C BRAZEN 380 5800 10.95 7.96 7.00 CLYDEBANK 46480 DESTROYER C ELECTRA 380 5800 10.95 7.96 7.00 CLYDEBANK 46730 DESTROYER C RECRUIT 380 5800 10.95 8.96 10.00 CLYDEBANK 46280 DESTROYER C VULTURE 345 5800 11.95 3.98 5.00 CLYDEBANK 47270 1896.1897 BATTLESHIP ENGINES Canopus CANOP US 13500 1.97 10.97 12.99 GREENOCKFOUNDRY PROTECTEDCRUISER Diadem ARIADNE 11000 18000 10.96 43B668 PROTECTEDCRUISER Diadem 4.98 6.02 CLYDEBANK ARGONAUT 11000 18000 11.96 1.98 4.00 FAIRFIELD 472473 2ND CLASS CRUISER HighUyer HERMES 5650 10000 4.97 10.99 FAIRFIELD 236421 2N1 CLASS CRUISER Highflyer 4.98 HIGHFLy[R 5650 10000 6.97 6.98 12.99 FAIRFIELD 234261 2ND CLASS CRUISER Higliflyer HYACINTH 5650 loom] 1.97 10.98 9.00 LONDON& GLASGOW DESTROYER B Special ARAB 470 13600 3.00 2.01 1. U3 CLYDEBANK 62778 DESTROYER C KESTREL 350 58(]U 9.96 3.98 4.00 CLYDEBANK 53381 DESTROYER C OSPREY 355 6 300 11.96 4.97 7.98 FAIRFIELD 52509 DESTROYER C FAIRY 355 52509 DESTROYER C 6300 11.96 5.97 8.98 FAIRFIELD GIPSY 355 6300 10.96 3.97 7.98 FAIRFIELD 52509 APPENDIX Cub continued DETAILS OF CLYDESIDE'S SHARE OF ADMIRALTY SHIPBUILDING PROGRAMMES1889-1914

CLASS NAME PROGRAMME TYPE HULL ENGINE LAID DOWNLAUNCHED COMPLETED BUiLDER VALUE TO TONNA HORSE POWER BIJII. DER £ CRUISER C SUTIIJ 1B97-1898 ARMOURED ressy 12000 21000 8.98 11.99 5.02 CLYDEBANK 5O745 CRUISER Cressy CRESSY ARMOURED 12000 21000 10.98 12.99 5.01 FAIRFIELD 502524 CRUISER Cressy ABOUKIR ARMOURED 12000 21000 11.98 5.00 4.02 FAIRFIELD 502009 3RD CLASS CRUISER ENGINES Pelorus PIONEER 5000 12.97 6.99 1.00 FAIRFIELD 49671 GUNBOAT Bramble DWAFF 710 1300 12.97 98 99 LONDON& GLASGOW GUNBOAT Bramble THISTLE . . 710 1300 12.97 99 11.99 LONDON & GLASGOW DESTROYER C LEV EN . 370 6300 1.98 6.98 7.99 FAIRFIELD t9872

1898-1899 ARMOUREDCRUISER Cress y BAC CH AN TE 12000 21000 2.99 2.01 11.02 CLYDEBANK 500069 ARMOUREDCRUISER Drake LEVI ATHAN 14150 30000 11.99 7.01 6.03 CLYDEBANK 705071 ARMOUREDCRUISER Drake GOODHOPE 1415g 30000 9.99 2.01 11.02 FAIRFIELD 6e 5189 ARMOUREDCRUISER ENGINES Monrnouth ESSEX 22000 1.00 8.01 3.04 CLYDEBANK 2i7003 DESTROYER C OSTRICH 375 6250 6.99 3.00 12.01 FAIRFIELD 60120 DESTROYER C FALCON 375 6250 6.99 12.99 12.01 FAIRFIELD 60080

1899-1900 ARMOUREDCRUISER Monmouth BEDFORD 9800 22000 2.00 8.01 11.03 FAiRFIELD 5(i 3100 ARMOUREDCRUISER Monmouth MONMOUTH 9800 22000 8.99 11.01 12.03 LONDON& GLASGOW

1900-1901 BATTLESHIP ENGINES London PRINCE OF WALES 15000 3.01 3.02 3.04 SCOTT 197902 ARMOUREDCRUISER Monmouth DONEGAL 9800 22000 2.01 9.02 11.03 FAIRFIELD 5 27 08 ARMOUREDCRUISER Monmouth CUMBERL AND 9800 22000 2.01 12.02 12.04 LONDON & GLASGOW ARt'UUREDCRUISER Monrnouth BERWICI< 9800 22000 4.01 9.02 12.03 BEARDMORE 5S8641 DESTROYER(PURCHASED) C THORN 380 6400 3.00 6.01 CLYDEBANK 57077 DESTROYER(PURCHASED) C TIGER 380 6400 5.00 6.01 CLYDEBANK 7097 DESTROYER(PURCHASED) C VIGILANT 380 6400 8.00 6.01 CLYDEBANK 57057

1901-1902 BATTLESHIP King Edward VII COMMONWEALTH 15610 18000 2.02 5.03 3.05 FAIRFIELD 661670 ARMOUREDCRUISER Devonshire ANTRIM 10850 21000 8.02 10.03 6.05 CLYDEBANK 622950 ARMOUREDCRUISER Devonshire ARGYLL 10850 21000 9.02 3.04 12.05 SCOTT 622262 ARMOUREDCRUISER Devonshire ROXBURGH 10850 21000 6.02 1.04 9.05 LONDON & GLASGOW ARMOUREDCRUISER Devonshire CARN ARV ON 10850 21000 10.02 10.03 5.05 BEAFMORE 6[J6986

1902-1903 BATTLESHIP King Edward VII HINDUSTAN 15885 18000 10.02 12.03 7.05 CLYDEBANK 647711 3RD CLASS CRUISER Forward FORWARD 2860 16500 10.03 8.04 8.05 FAIRFIELD 211040 3RD CLASS CRUISER Forward FORESIGHT 2860 16500 10.03 10.04 9.05 FAIRFIELD 271268

1903-1904 BATTLESHIP ENGINES King Edward VII AFRICA 8UOO 1.04 5.05 11.06 CLYDEBANK 215175 ARMOUREDCRUISER Warrior COCHRANE 13550 23000 3.04 5.05 2.07 FAIRFIELD 638097 1904-1905 BATTLESHIP HULL Lord Nelson AGAME MN ON 15925 5.05 6.06 6.08 BEAFMORE 390277 ARMOUREDCRUISER ENGINES Minotaur DEFENCE 27000 2.05 4.07 2.09 SCOTT 292906 1905-1906 BATTLECRUISER Invincible INFLEXIBLE 17290 41000 CLYDEBANK 1249782 BATTLECRUISER 2.06 6.07 10.08 Invincible INDOMITABLE 17410 41000 3.06 3.07 6.08 FAIRFIELD 1278196

1906-1907 BATTLESHIP ENGINES Bellerophon BELLOROPHON FAIRFIELD 288940 TORPEDO 23000 12.06 7.07 2.09 BOAT Cricket NO. 17 251 4000 4.07 12.07 4.08 DENNY TORPEDOBOAT Cricket NO. 18 251 TORPEDOBOAT 4000 4.07 2.08 6.08 DENNY Cricket NO. 23 253 4000 2.07 0.07 2.08 YARROW APPENDIX Cub continued DETAILS OF CLYDESIDE'S SHARE OF ADMIRALTY SHIPBUILDING PROGRAMMES18891914

PROGRAMME TYPE O. ASS NAME HULL ENGINE LAID DOWNLAUNCHED COMPLETED BUILDER VALUE TO TONNA HORSE POWER BUILDER £ 1907-1908 BATTLESHIP ENGINES St. Vincent ST. VINCENT 24500 12.07 9.08 5.10 SCOTT 235155 LICHT CRUISER ENGINES Boadicea BOADICEA 18000 7.07 5.08 6.09 CLYDEBANK 169306 DESTROYER Tribal MAORI 1026 15500 8.08 5.09 11.09 DENNY TORPEDOBOAT Cricket NO. 29 250 4000 2.08 8.08 11.08 DENNY TORPEDOBOAT Cricket NO. 30 250 4000 2.08 9.08 1.09 DENNY

1908-1909 BATTLECRUISER ENGINES Indefatigable INDEFATI GABLE 43000 2.09 10.09 2.11 CLYDEBANK 366640 PROTECTEDCRUISER Bristol BRISTOL 4800 22000 3.09 2.10 12.10 CLYDEBANK 312950 PROTECTEDCRUISER Bristol GLASGOW 4800 22000 3.09 9.09 9.10 FAIRFIElD 302806 PROTECTEDCRUISER Bristol GLOUCESTER 4800 22000 4.09 10.09 9.10 BEAF)MORE 301537 LIGHT CRUISER ENGINES Boadicea BELL ONA 18000 6.08 3.09 2.10 FAIRFIElD 125848 DESTROYER Beagle BEAGLE 950 14300 3.09 10.09 6.10 CLYDEBANK 106393 DESTROYER Beagle BULLDOG 952 14300 3.09 11.09 7.10 CLYDEBANK 101123 DESTROYER Beagle FOXHOUND 953 14300 4.09 12.09 8.10 C'..YDEBANK 99113 DESTROYER Beagle GRASSHOPPER 923 14300 4.09 11.09 7.10 FAIRFIELD 102274 DESTROYER Beagle MOSQUITO 925 14300 4.09 1.10 8.10 FAIRFIELD 99974 DESTROYER Beagle SCORPION 916 14300 5.09 2.10 8.10 FAIRFIELD 98974 DESTROYER Beagle RATTLESNAKE 942 14300 4.09 3.10 8.10 LONDON & GLASGOW DESTROYER Beagle PINCHER 975 14300 5.09 3.10 9.10 DENNY 115771

1909-1910 BATTLESHIP Colossus COLOSSUS 20225 25000 7.09 4.10 7.11 SCOTT 717597 BATTLESHIP Orion CONQUEROR 22200 27U00 4.10 5.11 11.12 BEARDMDRE 876536 BATTLECRUISER I ndefatiqable AUSTRALIA 18500 43000 6.10 10.11 6.13 CLYDEBANK 888846 BATTLECRUISER Indefatigable NEW ZEALAND 18500 43000 6.10 7.11 11.12 FAIRFIELD 890728 LIGHT CRUISER Weymouth YARMOUTH 5250 22000 1.10 4.11 4.12 LONDON & GLASGOW LIGHT CRUISER Weymouth FAL MO U TI-I 5250 22000 2.10 9.10 9.11 BEARDPIORE 282200 DESTROYER Acorn ACORN 765 13500 11.09 7.10 12.10 CLYDEBANK 93181 DESTROYER Acorn ALARM 765 13500 2.10 8.10 3.11 CLYDEBANK 89982 DESTROYER Acorn BRISK 780 13500 2.10 9.10 6.11 CLYDEBANK 97408 DESTROYER Acorn CAMELEON 755 13500 6.09 6.10 12.10 FAIRFIELD 93229 DESTROYER Acorn COMET 755 13500 1.10 6.10 1.11 FAIRFIELD 90074 DESTROYER Acorn GOLDF INCH 755 13500 2.10 7.10 2.11 FAIRFIELD 89171 DESTROYER Acorn SHELDRAKE 755 13500 1.10 1.11 5.11 DENNY 89427 DESTROYER Acorn STAUNCH 755 13500 1.10 10.10 3.11 DENNY 89426 DESTROYER Acorn FURY 760 13500 3.10 4.11 2.12 A&3 INGLIS DESTROYER Acher on PARAMA TTA 8684 700 lf )00 09 2.10 8.10 FAIRFIELD DESTROYER Acheron WAR RE GO . 700 1U900 09 4.11 11 FAIRFIELD 73414 DESTROYER Acher on YARA . . 700 12225 09 4.10 8.10 DENNY . 1910-1911 BATTLESHIP King George V AJAX 23000 847578 ENGINES 27000 2.11 3.12 3.13 SCOTT BATTLECRUISER Queen Mary QUEENMARY 75000 3.11 3.12 9.13 CLYDEBANK 501031 LIGHT CRUISER Chatharn SOUTHAMPTON 5400 25000 4.11 5.12 11.12 CLYDEBAM< 288145 LIGHT CRUISER Chatham DUBLIN 5400 295243 CRUISER 25000 1.11 11.11 3.13 BEARDPIDRE LIGHT Chatham SYDNEY 5400 25000 2.11 8.12 6.13 LONDON & GLASGOW APPENDIX Cub continued ADMIRALTY SHIPBUILDING PROGRAMMES DETAIIS OF CLYDESIDE'S SHARE OF 1889-1914

C1AS S NAME TO PROGRAMME TYPE HULL ENGINE LAID DOWNLAUNCHED cOMPLETED BUILDER VALUE TONNADEHORSE POWER BUILDER £ Ache ron HIND 19 10-1911 DESTROYER 775 13500 11.10 7.11 11.11 CLYDEBAM( 88051 Acher on HORNET continued DESTROYER 775 13500 1.11 12.11 3.12 CLYDEBANK 85427 Ache ron HYDRA DESTROYER 775 13500 2.11 2.12 5.12 CLYDEBANK 84290 Acher on GOSHAWK DESTROYER 760 13500 1.11 10.11 5.12 BEARDtIJRE 85934 Acheron DEFENDER DESTROYER 762 13500 11.10 8.11 1.12 DENNY 86278 Acher on DRUID DESTROYER 770 13500 11.10 12.11 3.12 DENNY 86278 (HULL ONLY) Acheron BEAVER DESTROYER 810 10.10 10.11 11.12 DENNY (HULL ONLY) Ach er on BADGER DESTROYER 800 10.10 7.11 8.12 DENNY Acheron LURCHER DESTROYER 765 20000 7.11 6.12 10.12 YARROW DESTROYER Acher on Fl REDRAKE 767 20000 7.11 4.12 9.12 YARROW DESTROYER Acheron OAK 765 20000 7.11 6.12 11.12 YARROW DESTROYER Ache ron ARCHER 775 16000 9.10 10.11 3.12 YARROW DESTROYER Acheron ATTA 785 16000 9.10 12.11 5.12 YARROW SUBMARINEDEPOT-SHIP Maidstone MAIDSTONE 3600 2800 11 12 SCOTT 113654 . . 1911-1912 ßATTLESHIP Iron Duke BENBOW 25000 29000 5.12 11.13 10.14 BEAROHORE 9C6705 BATTLECRUISER Tiger TIGER 28430 108000 6.12 12.13 10.14 CLYDEBANK 1231965 LIGHT CRUISER ENGINES Chatham LUWE ST OF I 25000 7.12 4.13 4.14 FAIRFIELD 137187 LIGHT CRUISER ENGINES Active FEARLESS 18000 11.11 6.12 10.13 BEARDMORE 109487 DESTROYER Aca s ta ACAS TA 935 24500 12.11 9.12 11.12 CLYDEBANI< 97667 DESTROYER Acasta ACHATES 935 24500 1.12 11.12 3.13 CLYDEBANK 96655 DESTROYER Aca s ta AMBUSCADE 935 24500 3.12 1.13 6.13 CLYDEBANt< 987 11 DESTROYER Acas ta FORTUNE 1000 25000 6.12 3.13 12.13 FAIRFIELD 103428 DESTROYER Acasta ARDENT 981 24000 10.12 9.13 2.14 DENNY 107059 DESTROYER Acasta MIDGE 935 24500 4.12 5.13 3.14 LONDON& GLASGOW DESTROYER Acasta Ot 935 24500 4.12 7.13 4.14 LONDON& GLASGOW DESTROYER Acasta LYNX 935 24500 1.12 3.13 1.14 LONDON& GLASGOW DESTROYERDEPOT-SHIP Woolwich WOOLWICH 3380 2600 12 LONDON& GLASGOW SUBMARINE S S. ' . 265 600 14 SCOTT 53044 . 1912-1913 BATTLESHIP Queen Elizabeth BARHAM 27500 75000 2.13 10.14 10.15 CLYDEBANK 1315650 BATTLESHIP Queen Elizabeth VALIANT 27500 75000 1.13 11.14 2.16 FAIRFIELD 1326458 LIGHT CRUISER Arethusa UA UNI ED 3750 40000 12.12 4.14 8.14 FAIRFIELD 337598 LIGHT CRUISER Arethusa CALA TE A 3750 40000 1.13 5.14 12.14 BEARDMORE 332445 LIGHT CRUISER Are th USa INCONSTANT 3750 40000 4.13 7.14 1.15 BEAFM0RE 332445 LIGHT CRUISER Arethusa ROYALIST 3750 332445 ENGINES 4000 6.13 1.15 3.15 BEARDtURE LIGHT CRUISER Are th usa ARE TH U SA 40000 10.12 10.13 5.15 FAIRFIELD 151817 DESTROYER Laforey LAFOREY 995 24500 9.12 10.13 5.14 FAIRFIELD 99780 DESTROYER Laforey LAWFORO 1003 24500 9.12 10.13 5.14 FAIRFIELD 98833 DESTROYER Laforey LYDIARD 1003 24500 12.12 3.14 6.14 FAIRFIELD 9B842 DESTROYER Laforey LOUIS 1003 24500 12.12 12.13 3.14 FAIRFIELD 98842 DESTROYER Laforey LLE WE VN 996 24500 BEARDMJRE 99542 DESTROYER 11.12 10.13 3.14 L aforey LENNOX 996 24500 11.12 3.14 14 BEAFM0F 99541 DESTROYER Laforey . LOYAL 991 24500 DESTROYER 9.12 11.13 5.J4 DENNY L aforey LEGION 991 24500 9.12 2.14 7.14 DENNY DESTROYER Laforey LARK 986 DESTROYER 24500 6.12 5.13 11.13 YARROW Lalorey LAVEROCK 994 24500 7.12 11.13 14 YARROW DESTROYER Laforey . !. INNEI 990 DESTROYER 24500 6.12 8.13 12.13 YARROW Laforey L ANDR AlL 990 24500 7.12 14 YARROW 2.14 . APPENDIX Cub DETAILS OF CLYDESIDE'S SHARE OF ADMIRALTY SHIPBUILDING PROGRAMMES1889.4914 continued

PROGRAMME TYPE CLASS NAME HULL ENGINE LAID DOWNLAUNCHED COMPLETED BUILDER VALUE TO TONNAt HORSE POWER BUILDER £

1913-1914 BATTLESHIP Revenge RAP1ILLIES 28000 40000 11.13 9.16 9.17 BEAFM0RE 1776382 LICHT CRUISER ENGINES Caroline CONQUESt 40000 3.14 1.15 6.15 SCOTT 169257 DESTROYERFLOTILLA LEADER Lightfoot N1MRJD 1608 36000 14 4.15 8.15 DENNY 184717 DESTROYER H MILNE . 900 25000 12.13 10.14 15 CLYDEBANK 123949 DESTROYER M MOORSAM . 900 25000 1.14 12.14 15 CLYDEBANK 124376 DESTROYER M t4JRRIS . 900 25000 1.14 11.14 15 CLYDEBANK 120292 DESTROYER H MIRAMA . 895 23000 5.13 5.14 8.14 YARROW DESTROYER H MINUS 883 23000 5.13 8.14 10.14 YARROW DESTROYER H MANLY 883 23000 5.13 14 11.14 YARROW SUBMARINE S S. 2 . 265 600 14 SCOTT 78761 SLMARINE S S. 3 . 265 600 15 SCOTT 78800 SUBMARINE Swordfish SWORDFISH . 932 3750 16 SCOTT . 206401 APPENDIX CIlIa SUMMARYOF ADMIRALTY WARSHIP ORDERSUNDERTAKEN BY CLYDESIDE FIRMS 1914-. 1919.

FIRM CONVENTIONALWARSHIPS POSTWARCANCELLATIONS OTHER WARSHIPS HULLS MACHINERY HULLS MACHINERY ORDERED CANCELLED NO. TONS NO. H. P. NO. TONS NO. H. P. NO. TONS NO. TONS

BEARDMORE* 37 64429 25 647600 6 10865 4 121000 2 3359 CLYDEbANX* 47 137395 47 1458150 5 6625 5 135000 FAIRFIELD * 49 141960 38 1275000 10 59775 7 359000 4 3200 SCOTT 31 48982 26 644900 7 8180 4 108000 3 3600 HARLAND& WOLFF (GOVAN) 9 26446 3 1920 STEPHEN 18 19689 18 474000 2 2150 2 54000 DENNY* 39 45340 29 759700 8 9870 6 162000 YARROW 47 32192 58 726000 5 6625 5 135000

AILSA 2 1290 20 16030 5 4060 ARDROSSAN B 6360 2 1600 AYRSHIRE 10 8050 BARC..AY CUR1 4 2580 31 36043 BOWMcLACHLAN 16 14351) 4 3200 GEORGEBROWN 95 CAIRO 4 2590 CLYDE SHIPBUILDING CO.* 1 5250 14 11130 3 2400 CONNELL DUNLOP BRENNER 13 11650 FER GUS SON 3 1390 FLEMING & FERGUSSON 11 8750 2 1600 GREENOCK& GRANGEMOUTH 13 16460 HAMILTON 1 5900 1 2300 10 8567 HENDERSON 6 6450 INGLIS 8 5849 LOBNITZ 2 1290 29 26990 10 8000 MACMILLAN 8 8070 MURDOCH& MURRAY 11 7800 2 1640 NAPIER & MILLER 11 10213 RUSSELL 1 613 Si NUNS 22 19780 3 2400

287 532743 242 5987650 43 104090 33 10740U0 272 250166 31 24900

NOTE: 'OTHER WARSHIPS' CONSISTS OF SLOUPS, P. AND PC BOATS, PATROL GUNBOATSAND MINE5v4EPERS. (i. e. WARSHIPSEXPRESSLY DESIGNED TO BE BUILT IN NON-SPECIALIST YARDS.) APPENDIX Club DETAILS 01 CLYDESIDE'S SHARE OF ADMIRALTY SHIPBUILDING PROGRAMMES1914.1919

TYPE 0.. ASS PROGRAMME NAME HULL ENGINE LAID DOWNLAUNCHED COMPLETED BUILDER VALUE TO TONNA HORSE POWER BUILDER £ BATTt_ECRUISER Renown 1914-1915 REPULSE 27650 1J2000 1.15 1.16 8.16 CLYDEBANK 1892135 BATTLECRUISER Renown RENOWN 27650 112000 1.15 3.16 9.16 FAIRFIELD 2187814 LIGHT CRUISER Cambrian CANTERBURy 14320 40000 10.14 12.15 5.16 CLYDEBANK 360563 MONITOR Lord Clive SIR JOHN NIJORE 5900 2300 1.15 5.15 7.15 SCOTT 197453 MONITOR Lord Clive PRINI RUPERT 5900 2300 1.15 5.15 7.15 HAMILTON MONITOR (HULL ONLY) Lord Clive PRINCE EUGENE 5900 2.15 7.15 9.15 HARLAND & WOLFF (COVAN) MONITOR (HULL ONLY) Aber ie RAGLAN c romb 6150 12.14 4.15 6.15 HARLAND & WOLFF (GOVAN' DESTROYER LaU orey LOCHINVAR 1003 24500 10.15 BEARDURE 149801 DESTROYER Laforey LASSOD 1003 24500 8.15 10.15 BEARDfr0RE 149801 DESTROYER M MARNE 1025 25000 5.15 CLYDEBANK 124045 DESTROYER H MONS 1025 25000 5.15 CLYDEBAM< 130265 DESTROYER M MAMELUKE 1025 25000 8.15 CLYDEBANK 123112 DESTROYER H 055 DRY 1025 25000 10.15 CLYDEBANK 124438 DESTROYER H NAP1ER 1025 25000 11 16 CLYDEBANK 129489 DESTROYER H . NARBO RU UGH 1025 25000 3.16 C'YDEBANK 132650 DESTROYER M MANDATE 1025 25000 4.15 8.15 FAIRFIEID 134783 DESTROYER H MANNERS 1025 25000 6.15 9.15 FAIRFIEID 132297 DESTROYER M MINDFUL 1025 25000 8.15 11.15 FAIRFIELD 159445 DESTROYER H MISCHIEF 1025 25000 10.15 12.15 FAIRFIELD 153335 DESTROYER H ONSLAUGHT 1025 25000 12.15 2.16 FAIRFIELD 143189 DESTROYER H ONSLOW 1025 25000 2.16 4.16 FAIRFIELD 145427 DESTROYER H ORCADI A 1025 25000 7.16 9.16 FAIRFIELD 146528 DESTROYER M OR1ANA 1025 25000 9.16 11.16 FAIRFIELD 146527 DESTROYER N 085ER VOR 1025 25000 5.16 6.16 FAIRFIELD 146528 DESTROYER N OFFA 1025 25000 6.16 7.16 FAIRFIELD 146528 DESTROYER M OBDURATE 1025 25000 1.16 SCOTT 143573 DESTROYER H OBEDIENT 1025 25000 11.15 SCOTT 158161 DESTROYER M PALADIN 11)25 25000 3.16 SCOTT 145724 DESTROYER H PARTHIAN 1025 DESTROYER 25000 4.16 SCOTT 147108 H MAENAD 1025 25000 8.15 11.15 DENNY 134909 DESTROYER N MARVEL 1025 DESTROYER 25000 10.15 11.15 DENNY 134908 H NARWHAL DESTROYER 1025 25000 12.15 2.16 DENNY 160008 M NICATOR DESTROYER(HULL 1025 25000 2.16 4.16 DENNY 160008 ONLY) H MYSTIC DESTROYER 1025 6.15 12.15 DENNY 51601 Yarrow H MOON DESTROYER 896 23000 4.15 YARRLT Yarrow H P4JRNINGSTAR DESTROYER 896 23000 6.15 YARROW Yarrow H MUUN 5EV 896 23000 9.15 YARROW DESTROYER Yarrow H MUSKATEER 896 DESTROYER 23000 11.15 YARROW Yarrow H NERISSA 896 23000 2.16 YARROW DESTROYER M NI ZAM 1025 DESTROYER 25000 4.16 6.16 STEPHEN H NOBLE DESTROYER 1Q25 25000 11.15 2.16 STEPHEN H 'flNPAREIL DESTROYER 1025 25000 5.16 6.16 STEPHEN M NOMAD 1025 25000 2.16 4.16 STEPHEN SUBMARINE (HULL ONLY) E E. 35 662 SUBMARINE(HULL ONLY) 5.16 CLYDEBANK 73525 E E. 36 662 75834 SUBMARINE (HULL ONLY) £ 9.16 CLYDEBAI1< E. 50 662 SUBMARINE(HULL ONLY) 11.16 CLYDEBANK 80383 E E. 37 SUBMARINE (HULL 662 9.15 FAIRFIELD 104210 ONLY) £ E. 38 662 6.16 FAIRFIELD 102210 APPENDIX Club continued DETAILS OF CLYDESIDE'S SHARE OF ADMIRALTY SHIPBUILDING PROGRAMMES1914-1919

VALUE TO PROGRA1ME TYPE CLASS NAME HULL ENGINE LAID DOWNLAUNCHED COMPLETED BUILDER BURDER TONNAIZ HORSE POWER £ 48420 SL8MARIN[ (HULL ONLY) E E. 47 662 5.16 FAIRFIELD 48420 SUBMARINE (HULL ONLY) E E. 48 662 8.16 FAIRF IELD 98954 SWtIARINE (HULL ONLY) E E. 25 662 8.15 BEA F) MORE 98953 SUBMARINE (HULL ONLY) E E. 26 662 11.15 BEARDURE 111121 SWMARINE (HULL ONLY) E E. 53 662 16 BEA F() MO RE " 111121 SUBMARINE (HULL ONLY) E. 54 662 17 BEARD MO RE " 76919 SUBMARINE(HULL ONLY) E E. 31 662 8.15 SCOTT 84014 SUBMARINE (HULL ONLY) E E. 51 662 11.16 SCOTT 70500 SUBMARINE(HULL ONLY) E E. 52 662 1.17 DENNY 72300 SUBMARINE (HULL ONLY) E E. 55 662 2.16 DENNY 72300 SL8MAR1NE(HULL ONLY) E E. 56 662 6.16 DENNY SUBMARINE (HULL ONLY) E E. 27 662 6.17 YARROW SUBMARI'f HULL (CANCELLED) E £. 28 YARROW SUBMARINE C 6.14 700 1600 5.17 SCOTT 161205 RIVER GUNBOAT Fly BLACKFLY 98 175 4.16 YARROW RIVER GUNBOAT Fly BUTTERFLY 98 175 7.15 VARROW RIVER GUNBOAT Fly CADO 1SF LY 98 175 4.16 VAR RBW RIVER GUNBOAT Fly CRANEFLY 98 175 8.15 YARROW GUNBOAT RIVER Fly DRAGONFLY 98 175 7.15 YARROW RIVER GUNBOAT Fly EI REELV 98 175 7.15 YARROW RIVER GUNBOAT Fly GADFLY 98 175 8.15 VAR RU W RIVER GUNBOAT Fly GREYFL V 98 175 8.15 YARROW RIVER GUNBOAT Fly GREENFLY 98 175 9.15 VARROW RIVER GUNBOAT Fly HOVERFLY 98 175 4.16 YARROW RIVER GUNBOAT Fly MAVF LV 98 175 8.15 VARROW RIVER GUNBOAT Fly SAWFLY 98 175 8.15 VARRU W RIVER GUNBOAT(HULL ONLY) Insect APHIS 6L5 9.15 AILSA RIVER GUNBOAT(HULL ONLY) Insect BEE 645 12.15 AILSA (HULL RIVER GUNBOAT ONLY) I nsect CICALA 645 12.15 BARCLAY CIJRLE (HULL RIVER GUNBOAT ONLY) Insect COCKCHAFER 645 12.15 BARCLAY CURLE (HULL RIVER GUNBOAT ONLY) Insect CRICKET 645 12.15 BARCLAY CURLE RIVER GUNBOAT(HULL ONLY) I nsect GLDWWORM 645 2.16 BARCLAY CURLE RIVER GUNBOAT(HULL ONLY) I nsect GNAT 645 12.15 LUBNITZ RIVER GUNBOAT(HULL ONLY) Insect LADYBIRD 645 4.16 LOBNITZ RIVER GUNBOATENGINES Insect APR15 2000 9.15 VAR RD W RIVER GUNBOATENGINES Insect BEE 2000 12.15 YARROW RIVER GUNBOATENGINES Insect CI CALA 2000 12.15 VARROW RIVER GUNBOATENGINES Insect COCKCHAFER 12 15 YARROW 2000 . RIVER GUNBOAT ENGINES I nsect CR1CKET 2000 12.15 YARROW RIVER GUNBOATENGINES Insect GLOWWORM 2000 2.16 VARROW RIVER GUNBOATENGINES Insect GNAT 2000 12.15 YARROW RIVER GUNBOAT ENGINES Insect LADYBIRD 2000 4.16 YARROW RIVER GUNBOAT ENGINES I nsect MANTIS 2000 VARROW RIVER GUNBOAT ENGINES Insect MOTH 2000 VARROW RIVER GUNBOATENGINES Insect SCARAB 200t) VAR RU W RIVER GUNBOATENGINES Insect TARANTULA 2000 YARROW S(MAR1NE DEPOT-SHIP (converted merchant ship) TITANIA 5250 32fl1) 15 CLYDE SHIPBUIU)ING CO. APPENDIX Club continued SHIPBUILDING PROGRAMMES DETAILS OF CLYDESIDE'S SHARE OF ADMIRALTY 1914.4919

CLASS NAME PROGRAMME TYPE HULL ENGINE LAID DOWNLAUNCHED COMPLETED BUILDER VALUE TO TONNAtIZHORSE POWER BUILDER £ Ceres CERES 1915-1916 LIGHT CRUISER 4190 40000 7.16 3.17 6.17 CLYDEBA'1< 485780 Ceres CARDIFF UGHT CRUISER 4190 40000 7.16 4.17 6.17 FAIRFIELD 481470 Cavendish RALEI- UGHT CRUISER 9750 70000 10.16 8.19 7.21 BEARDMORE 1401717 CRUISER Caledon CARADOC LICHT 4120 40000 2.16 12.16 6.17 SCOTT 471985 (HULL ONLY) E rebus ERE B US MONITOR 8000 10.15 6.16 9.16 HARLAND & WOLFF (GOVAN) FLOTILLA LEADER Anzac ANZAC DESTROYER 1666 36000 16 1.17 4.17 DENNY 233513 H PENN . DESTROYER 1025 25000 4.16 CLYDEBANK 136559 H PEREGRINE DESTROYER 025 25000 5.16 CLYDEBANK 140541 M PHOEBE DESTROYER 1025 25000 11.16 1.17 FAIRFIELD 144377 TROVER H PHEASANT DES 1[125 25000 10.16 11.16 FAIRFIELD 144378 H PE'ICAN DESTROYER 1025 25000 3.16 BEAFJMORE 158445 H PELIE DESTROYER W 1025 25000 5.16 BEARDURE 158444 H PLUC

CLASS NAME PROGRAMME TYPE HULL ENGINE LAID DOWNLAUNCHED CUMPLETED BUILDER VPLUE TO TONNA HORSE POWER BUILDER £ Modified R UMM NE DESTROYER 1085 27000 3.17 6.17 FAIRFIELD 176874 Modified R ULSTER DESTROYER 1085 27000 10.17 BEARD1JRE 179188 Modified R URSULA DESTROYER 1085 27000 8.17 SCOTT 179940 Modified R TIRADE DESTROYER 1085 27000 4.17 sCOTT 180163 K K. 13/22 SWMARI 1883 10000 11.16 FAIRFIELD 330000 K K. 14 SUBMARINE 1883 10000 2.17 FAIRFIELD 330000 K K. 15 SWMARINI 1883 10000 11.17 BEAMORE 367378 K K. 16 SUBMARINE 1883 10000 10.17 SCOTT 364113 ENGINES K K. 1 SUBMARIIE 10000 16 CLYDEBANK 84827 ENGINES K K. . SUBMARINE 2 10000 16 CLYDEBANK 84816 ENGINES K K. 5 . SUBMARINE 10000 16 SCOTT 104998 GUNBOAT Fly SEDGEFLY . RIVER 98 175 9.16 YARIOW GUNBOAT F ly SNAKEFLy RIVER 98 175 9.16 YARROW GUNBOAT Fly STD RIVER NEFLY 98 175 9.16 YARROW GUNBOAT Fly WATERFLy RIVER 98 175 9.16 YARROW DEPOT-SHIP ft SUBMARINE ATVPUS 3476 2650 16 CLYDEBANK 176617 SCO . DEPOT-SHIP TSTOtjN 300 200 YARROW

916-1917 BATTLECRt-JISER Hood HOOD 42670 44OOU 9.16 8.18 5.2 CLYDEBANK 3578983 BATTLECRUISER (CANCELLED) Hood RODNEY 42670 144000 10.16 FAIRFIELD 321978 AIRCRAFT CARRIER Argus ARGUS 14450 20000 12 17 9.18 BEARDtIJRE 1166653 SEAPLANE CARRIER Pegasus . PEGASUS 3300 9500 6.17 8.17 CLYDEBANK 229939 SEAPLANE CARRIER (Converted merchant ship) NAIRANA 3070 6700 8.17 DENNY 138119 LIGHT CRUISER Danae DRAGON 4970 40000 1.17 12.17 8.18 SCOTT 612999 DESTROYERFLOTILLA LEADER V VAL KYRIE 1325 27000 3.17 6.17 DENNY 194237 DESTROYERFLOTILLA LEADER V VALOROUS 1325 27000 5.17 8.17 DENNY 194237 DES TROVER V VANOC 1300 27000 6.17 CLYDEBANK 196094 DESTROYER V VANQUISHER 1300 27000 8.17 CLYDEBANK 196790 DESTROYER WAKEFUL w 1300 27000 10.17 CLYDEBANK 183463 DESTROYER WATCHMAN w 1300 27000 12.17 CLYDEBANK 188899 DESTROYER V VENDETTA 1300 27000 9.17 FAIRFIELD 209126 DESTROYER V VENETIA 1300 27000 10.17 FAIRFIELD 214776 DESTROYER WALRUS w 1300 27000 2.17 12.17 12.18 FAIRFIELD 188789 DESTROYER WOLFHO U w NO 1300 27000 4.17 3.18 FAIRFIELD 190088 DESTROYER V VANCOUVER 1300 27000 12.17 BEARD4JRE 214314 DESTROYER V VANESSA 13011 27000 3.18 BEAFMORE 214314 DESTROYER V VANITY 1300 27000 5.18 BEARDMORE 214590 DESTROYER w WESTMINSTER 1300 27000 SCOTT 205676 DESTROYER 2.18 w WINDSOR 1300 27000 6.18 SCOTT 204376 DESTROYER V V IDE TTE 1300 27000 2.18 4.18 STEPHEN DESTROYER V VESPER 1300 27000 12.17 2.18 STEPHEN DESTROYER V VOYAGER 1300 27000 STEPHEN DESTROYER 5.17 6.18 6.18 V yE NTURI) US 1300 27000 9.17 11.17 DENNY 194672 DESTROYER V VEHEMENT 1300 27000 194672 DESTROYER 7.17 10.17 DENNY w WALKER 1300 2700(1 11.17 2.18 DENNY 201410 DESTROYER 3.17 WEST w COTI 1300 27000 3.17 2.18 4.18 DENNY 201410 DESTROYER V VI VIE N 1300 DESTROYER 27000 1.17 2.18 YARROW V VIVACIOUS 1300 27000 11.17 YARROW APPENDIX Club continued DETAILS OF CLYDESIDE'S SHARE 0f ADMIRALTY SHIPBUILDING PROGRAMMES1914-1919

PROGRAMME TYPE CLASS VUE TO NAME HULL ENGINE LAID DOWNLAUNCHED COMPLETED BUILDER BUiLDER 1ONNAGEHORSE POWER £ SLUMARINE (HULL ONLY) L. I 114318 t6 890 1.18 BEA FOMO RE SUB1ARINE (HULL ONLY) L. 9 110066 L 15 895 1.18 FAI REIELD SLUMARINE (HULL ONLY) L. 9 109516 16 895 1.18 FAIRFIELD SUBMARINE (HULL ONLY) L. 9 109732 L. 9 895 1.18 DENNY SIEMARINE (HULL ONLY) L. 9 L. 10 895 1.18 DENNY SUBMARINE (HULL ONLY) L. 5U 116090 960 9.18 FAI RE IELD SWMAR1NE (HULL ONLY) L. 5O L 54 960 8.19 DENNY *

917-1918 LIGHT CFUISER Emerald ENTERPRISE 7600 80000 6.18 12.19 4.26 CLYDEBANK * 802683 LIGHT CRUISER Capeton CARLISLE 429U 40000 10.17 7.18 11.18 FAIRFIELD 599105 LIGHT CRUISER Capetown CCLUM BO 4290 40000 12.17 12.18 7.19 FAIRFIELD 613705 LIGHT CRUISER Danae DCSPAT CH 4970 40000 7.18 9.19 622 FAIRFIELD * 531723 LIGHT CRUISER (CANCELLED) Emerald EUPHRATES 7600 80000 18 FAIRFIELD 314486 LIGHT CRUISER (CANCELLED) Danae . DARING 4970 40000 18 BEA MORE 80897 LIGHT CRUISER Danae . DURB AN 4970 40000 1.18 5.19 11.21 SCOTT *" 600860 DESTROYER S SCIMITAR 1075 27000 8.17 2.18 CLYDEB ANK 171766 DESTROYER S 5CCTSMAN 1075 27000 10.17 3.18 CLYDEB ANK 172351 DESTROYER S SCOUT 11)75 27000 10.17 4.18 CLYDEBANK 171674 DESTROYER S 173781 SCYTHE 1075 27000 1.18 5.18 CLYDEB ANK DESTROYER S SEABE AR 1075 27000 12.17 7.18 CLYDEB ANK 176244 DESTROYER S SEAFIRE 1075 27U00 2.18 8.18 CLYDEB ANK 181479 DESTROYER S SEARCHER 1075 27000 3.18 9.18 CLYDEBANK 180849 DESTROYER 183206 SCA WOLF 1075 27000 4.18 11.18 CLV DEB ANK DESTROYER S SIMOOM(2) 1075 27000 8.17 1.18 CLYDEB ANK 175665 DESTROYER S SIKH 1075 270U0 8.17 5.18 7.18 FAIRFIELD 179043 DESTROYER S SI IDAR 11)75 27000 8.17 7.18 FAIRFIELD 178700 DESTROYER S SUMME 1075 27000 11.17 9.18 FAI RFIELD 176835 DESTROYER 5 SPEAR 1075 27000 2.18 11.18 FAIRFIELD 179974 DESTROYER S SPINDRIFT 1075 27U00 8.18 12.18 FAIRFIELD 180762 DESTROYER S TACTICIAN 1075 27000 11.17 8.18 BEA MORE 201241 DESTROYER S TARA 1075 27000 11.17 10.18 BEARDIJRE 201241 DESTROYER S TATToo 1075 27000 12.17 12.18 BEA RE)MO RE 201241 DESTROYER S TASMANIA 1075 27000 12.17 11.18 BEARDMO RE 201240 DESTROYER STRENUOUS 1075 27000 3.18 11.18 SCOTT 195324 DESTROYER S STRONGHOD 1075 27000 3.18 5.19 SCOTT 192178 DESTROYER S STURDY 1075 27000 4.18 6.19 SCOTT 197776 DESTROYER S SWALLOW 1075 27000 9.17 8.18 SCOTT 190222 DESTROYER 5 SWORDSMAN 1075 27000 10.17 12.18 SCOTT 191086 DESTROYER S SABRE 1075 27000 9.17 9.18 11.18 STEPHEN DESTHOYER S SAL AD IN 1075 27000 9.17 2.19 4.19 STEPHEN DESTROYER S SARDONYX 1t)75 27000 3.18 5.19 7.19 STEPHEN DESTROYER(CANCEI. LED) S SATURN 1075 27000 STEPHEN DESTROYER(CANCELLED) S SYCAMORE 1075 27000 STEPHEN DESTROYER S SENATOR 1075 27000 7.17 4.18 6.18 DENNY 184187 DESTROYER S 182202 SEPOY 1075 27000 8.17 5.18 8.18 DENNY DESTROYER S 186637 SERAPH 1075 27000 10.17 7.18 12.18 I)ENNY DESTROYER S 19 34145 SERAPIS 1075 27000 12.17 9.18 3.19 DENNY DESTROYER S 193648 SERENE 1075 27000 2.18 11.18 4.19 DENNY DESTROYER(HULL ONLY) S SESAME 1075 3.18 12.18 3.19 DENNY 73531 DESTROYERENGINES S SESA1f 27000 3.18 12.18 3.19 CLYDEBANK 117409 APPENDIX Club contini. ed SHIPBUILDING DETAILS Of CLYDESIDE'S SHARE Of ADMIRALTY PROGRAMMES1914.4919

TYPE CLASS NAME PROGRAMME HULL ENGINE LAID DOWNLAUNCHED COMPLETED BUILDER Vt. UE TO TONNAGEHORSE POWER BUILDER £ Yarrow S TOMOHAWK DESTROYER 930 23000 7.17 5.18 YARROW DESTROYER Yarrow S TORCH 930 23000 6.17 3.18 YARROW DESTROYER Yarrow S TRV PH ON 930 23000 8.17 6.18 YARROW DESTROYER Yarrow S TUMULT 930 23000 10.17 9.18 YARROW DESTROYER Yarrow S TURQUOI 930 23000 11.17 11.18 YARROW DCS TROVER Yarrow S TUSCAN 930 23000 12.17 3.19 YARROW DESTROYER Yarrow S TYRIAN 930 23000 4.18 7.19 YARROW DESTROYER Repeat W VENOMOUS 1325 27000 5.18 12.18 CLYDEBANK 214552 DESTROYER Repeat W VERITY 1325 27000 5.18 3.19 CLYDEBANK 223099 DESTROYER Repeat W WANDERER 1325 27000 8.18 5.19 FAIRFIELD 221559 DESTROYER(CANCELLED) Repeat W WARREN 1325 27000 FAIRFIELD 125543 DESTROYER Repeat W VANSI TTART 1325 27000 7.113 4.19 BEA RD MO RE 233520 DESTROYER(CANCELLED) Repeat W VAN TAGE 1325 27000 BEARD MO RE 173983 Repeat DESTROYER W VOLUNTEER 1325 27000 4.18 4.19 10.19 DENNY DESTROYER(CANCELLED) Repeat w VOTARY 1325 27000 DENNY DES TROVER Repeat W WREN 1325 27000 6.18 11.19 YARRC DESTROYER(CANCELLED) Repeat W WYE 1325 27000 YAR9Y! SUBMARINE (HULL ONLY) L. 50 56 120258 (CANCELLED) L. 50 " 960 5.19 FAIRFIELD SWMARINE HULL L. 57 960 FAIRFIELD 63223 SUBMARINE HULL (CANCELLED) L 51) 58 960 FAIRFIELD 50989 SUBMARINEHULL (CANCELLED) L. 50 L. 59 15762 L. 50 960 BEA f) MORE SUBMARINE (HULL ONLY) L. 69 960 12.18 BEARD1JRE * 104820 SWMARINE (HULL ONLY) L. 50 L. 71 (CANCELLED) t_. 50 960 5.19 sCOTT 139559 SUBMARINE HULL L. 63 (CANCELLED) 960 SCOTT 5171 SUBMARINEHULL L. 50 L. 73 960 (HULL H DENNY SUBMARINE ONLY) H. 47 440 11.18 BEARDPIORE 65741 SUBMARINE (HULL ONLY) H H. 48 65740 (HULL ONLY) 440 3.19 BEAFMORE SUBMARINE H H. 49 (HULL ONLY) 440 2.19 BEARDMORE 65740 SUBMARINE H H. 50 440 10.19 BEAFM0 65740

918-1919 DESTROYER Repeat W VETERAN (CANCELLED) 1325 27000 8.18 4.19 CLYDEBANK 223400 DESTROYER Repeat w VIGO (CANCELLED) 1325 27000 CLYDEBANK 56802 DESTROYER Repeat w VIRULENT DESTROYER(CANCELLED) 1325 27000 CLV DC B ANK 29975 Repeat W VOLA DESTROYER(CANCELLED) 1325 27000 CLYDEBANK 23018 Repeat w VOLCANO DESTROYER(CANCELLED) 1325 27000 CLVDC B ANK 22868 Repeat w WISTFUL DESTROYER(CANCELLED) 1325 27000 CLV DEB A NK 34206 Repeat w WATSON DESTROYER(CANCELLED) 1325 27000 FAIRFIELD 95907 Repeat w WAVE DESTROYER(CANCELLED) 1325 27000 FAIRFIELD 92621 Repeat w EASEL 1325 27000 FAI RFIELD 4489 2 DESTROYER(CANCELLED) Repeat w WHITEBEAR DESTROYER(CANCELLED) 1325 27000 FAIRFIELD 17618 Repeat w VASHON DESTROYER(CANCELLED) 1325 27000 BEARDIIJRE 37956 Repeat w VENGEFUL 1325 27000 37955 DESTROYER(CANCELLED) Repeat BEA RI) MO RE w *1EELER DESTROYER(CANCELLED) 1325 27000 SCOTT 109906 Repeat w WHELP DESTROYER(CANCELLED) 1325 27000 SCOTT 66656 Repeat w WHIPPET DESTROYER(CANCELLED) 1325 27000 SCOTT 16417 Repeat w WHIP DESTROYER(CANCELLED) 1325 27000 SCOTT 18393 Repeat w WAGER 1325 27U00 DENNY 47094 APPENDIX Club continued DETAILS OF CLYDESIDE'S SHARE OF ADMIRALTY SHIPBUILDING PROGRAMMES1914-1919

PROGRAMME TYPE CLASS NAME HULL ENGINE LAID DOWNLAUNCHED COMPLETED BUILDER VA'JJE TO TONNAI HORSE POWER BUILDER £ DESTROYER(CANCELLED) Repeat W WAKE 1325 27000 DENNY DESTROYER(CANCELLED) Repeat W WALDEGRAVE 1325 27000 DENNY DESTROYER(CANCELLED) Repeat W WALTON 1325 27000 DENNY (CANCELLED) DESTROYER Repeat W T-1ITTAKER 1325 27000 DENNY DESTROYER(CANCELLED) Repeat W YEOMAN 1325 27000 YARROW DESTROYER(CANCELLED) Repeat W ZEALOUS 1325 27000 YARROW DESTROYER(CANCELLED) Repeat W ZEBRA 1325 27000 YARROW DESTROYER(CANCELLED) Repeat W ZODIAC 1325 27000 YARROW SUBMARIt' HULL (CANCELLED) L. 50 L. 62 960 FAIRFIELD 11545 SUBMARINE HULL (CANCELLED) L. 50 L. 70 960 BEA RD MO RE 74473 SUBMARINEHULL (CANCELLED) L. 50 L. 64 960 SCOTT 4500 SUBMARINE HULL (CANCELLED) L. 50 L. 72 960 SCOTT 63214 SUBMARINEHULL (CANCELLED) L. 50 L. 74 960 DENNY

NOTE: THE ABOVE LIST EXCLUDES ALL NAVAL AUXILIARIES AND TYPES OF WARSHIPS EXPRESSLY DESIGNED FOR CONSTRUCTIONBY NON SPECIALIST FIRMS (SEE NOTE ON APPENDIX Cilia ABOVE). APPENDIX CIVa SUMMARYOF ADMIRALTY WARSHIP ORDERSSECURED BY CLYDESIDE FIRMS 1919-1939

YEAR BEARDPOFE FAIRFIELD CLYDEBANK SCOTT STEPHEN DENNY YARROW OTHERS LAID HULLS ENGINES HULLS ENGINES HULLS ENGINES HULLS ENGINES HULLS ENGINES HULLS ENGINES HULLS ENGINES HULLS ENGINES DOWN NO TONS NO H. P. NO TONS NO H. P. NO TONS NO H. P. NO TONS NO H. P. NO TONS NO H. P. NO TONS NO H. P. NO TONS NO H. P. NO TONS NO H. P.

1919 1920 1921 1922 1923 1924 1 80000 1 9750 1 80000 1 1173 1 33000 1925 2 19740 2 160000 1926 1 80000 4 1144 4 7240 1927 3 12780 3 82680 1 9975 1 80000 1928 2 2674 2 68000 2 2674 2 68)00 1929 2 2720 2 68000 1930 1 372 1 2250 1931 1 36000 2 2750 2 72000 2 4000 1932 1933 2 144000 1 8750 2 44500 4 4440 4 75540 3 8030 3 136000 2 2810 2 72000 2 1686 2 38800 1934 1 1770 3 3210 3 71600 2 10185 2 78300 1 670 1 1440 2 2700 2 68000 1 1465 1 38000 1 815 1935 1 75000 3 11780 3 143000 2 1020 2 7200 3 3870 3 71300 1 2820 1 9000 1936 3 13318 3 170500 3 11640 3 75000 3 5438 4 172130 2 3918 2 88000 2 2764 2 45400 2 2740 2 68000 3 2445 1 1750 1937 4 45847 4 252000 4 49297 4 197000 3 7780 3 64900 1 5600 1 62000 3 4969 3 87600 3 4050 3 83600 1 815 2 3500 1938 8530 72500 1 815 2 3500 '1 1 4 15930 5 166950 1 8530 1 72500 3 2920 3 47200 6 7690 6 112200 1939 1 23450 1 148000 1 11000 1 7500 1 5600 1 62(100 2 11180 2 144500 APPENDIX CIVb DETAILS F CLYDESIDE'S SHARE OF ADMIRALTY SHIPBUILDING PROGRAlMES1919-1939

PROGRAMME TYPE CLASS NAME HULL ENGINE LAID DOWNLAUNCHED COMPLETED BUILDER VALUE TO TONNAGEHORSE POWER BUILDER £ 1924-1925 CRUISER Kent 13ERWI 9750 80000 9.24 3.26 2.28 FAIRFIELD 99 0068 CRUISER ENGINES Kent CORNWALL 80000 10.24 3.26 5.28 BEARDMORE DESTROYER Ambuscade AMBUSCADE 1173 33000 12.24 1.26 27 YARROW .

925-. 1926 CRUISER Kent AUSTRALIA 9870 80001) 8.25 3.27 4.28 CLYDEBANK 1106276 CRUISER Kent CANBERRA 98711 80000 9.25 5.27 7.28 CLYDEBANK 1105378 CRUISER London SHROPSHIRE 9830 80000 2.27 7.28 9.29 BEARDNORE CRUISER ENGINES London LONDON 80000 2.26 9.27 1.29 FAIRFIELD 399923 RIVER GUNBOAT Peterel GANNET 310 2250 3.26 27 27 YARROW . . RIVER GUNBOAT Peterel PETEREL 310 2250 3.26 27 27 YARROW . . RIVER GUNBOAT Tern SEAMEW 262 1370 4.26 27 27 YARROW . . RIVER GUNBOAT Tern JERN 262 1370 4.26 27 27 YARROW . .

1926-1927 CRUISER Norfolk NORFOLK 9975 80000 7.27 12.28 4.30 FAIRFIELD 1143492 SWMARI rs[ Odin OLYMPUS 1475 1390 4.27 12.28 30 BEAFM0RE . SUBMARINE Odin ORPHEUS 1475 1390 4.27 2.29 30 BEARDMORE .

1927-1928 DESTROYER A ACAS TA 1337 34000 8.28 8.29 30 CLYDEBANK 227121 . DESTROYER A ACHA JE S 1337 34000 9.28 10.29 30 CLYDEBANK 234569 . DESTROYER A ANTHONY 1337 34000 7.28 4.29 30 SCOTT 234835 . DESTROYER A ARDENT 1337 34000 8.28 6.29 30 SCOTT 218674 .

1928-1929 DESTROYER B BASIL ISK 1360 34000 8.29 8.30 31 CLYDEBANI< 227459 . DESTROYER B BEAGLE 1360 34000 8.29 9.30 31 CLYDEBANK 230160 .

1929-1930 RIVER GUNBOAT Falcon FAI. CON 372 2250 4.3 31 31 YARROW . .

1930-1931 DESTROYER D DAINTY 1375 36000 6.31 6.32 1.33 FAIRFIELD 233991 DESTROYER 0 DELIGHT 1375 36000 4.31 5.32 1.33 FAIRFIELD 233990 DESTROYERENGINES D DUNCAN 36000 9.31 7.32 33 BEARDPURE . SLOOP ENGINES Shoreham HILFORD 2000 9.31 6.32 32 YARROW . SLOOP ENGINES Shoreh STON 2000 9.31 7.32 33 YARROW am .

1931-932 CRUISER ENGINES Perth AMPHION 72000 6.33 7.34 7.36 BEAFDMORE DESTROYER E ESCAPADE 1405 36000 3.33 1.34 34 SCOTT 246919 . DESTROYER E ESCORT 1405 36000 3.33 3.34 34 SCOTT 242871 . DESTROYER E ECHO 1405 36000 3.33 2.34 10.34 DENNY 247598 DESTROYER E ECLIPSE 1405 36000 3.33 3.34 11.34 DENNY 247835 DESTROYERENGINES E EXMOUTH 38000 5.33 1.34 34 FAIRFIELD 16298 . MINESWEEPER Halcyon HALCYON 815 1770 3.33 33 34 CLYDEBANK 964 35 . . MINESWEEPER Halcyon SKIP JACK 815 1770 4.33 34 34 CLYDEBANK 95194 . . RIVER GUNBOAT Robin ROBIN 226 800 4.33 33 34 YARROW . . DESTROYERDEPOT-SHIP Woolwich WOOLWICH 8750 6500 5.33 34 6.35 FAIRFIELD 586308 .

1932-1933 CRUISER Arethusa CAL A TEA 5221) 64000 6.33 8.34 8.35 SCOTT 762637 CRUISER ENGINES Perth APOLLO 72001) 8.33 10.34 1.36 BEARDIIJRE DESTROYERFLOTILLA LEADER F FAU LKN OR 1460 38000 7.33 6.34 35 YARROW . DESTROYER F FOXHOUND 1405 36000 8.33 8.34 35 CYD[BANK 251208 . DESTROYER F FORTUNE 1405 36000 7.33 10.34 35 CLYDEBANK 252390 . APPENDIX CIVb continued DETAILS OF CLYDESIDE'S SHARE OF ADMIRALTY SHIPBUILDING PROGRAMMES1919-1939

PROCRAI4ME TYPE CLASS NAHE HULL ENGINE LAID DOWNLAUNCHED COMPLETED BUILDER VALUE TO TONNAGEHORSE POWER BUILDER £ 1933_1934 CRUISER Southampton SOUTHAMPtON 9100 75000 11.34 3.36 3.37 CLYDEBANK 1101045 DESTROYERFLOTILLA LEADER C GRENVILtI 1465 38000 9.34 8.35 7.36 YARROW DESTROYER C GARLAND 1350 34000 8.34 10.35 3.36 FAIRFIELD 260781 DESTROYER C GIPSY uso 34000 9.34 11.35 3.36 FAIRFIELD 253316 DESTROYER G GALLANT 1350 34000 9.34 9.35 1.36 STEPHEN 255236 DESTROYER G GRENADE 1350 34000 10.34 11.35 3.36 STEPHEN 254260 SWMARINE Shark SEAWOLF 1440 670 5.34 11.35 36 SCOTT 185680 SLOOP Bittern ENCHANTRESS . 1085 3300 4.34 12.34 35 CLYDEBANK 136616 PATROl VESSEL Kingfisher KINGFISHER . 510 3600 6.34 35 35 FAIRFIELD 88060 MINESEPER Halcyon SPEEDLL . . 815 1770 6.34 35 HAMILTON NETLAYER Protector PROTECTOR . "35 2820 9000 8.35 36 37 . . YARROW 1934_1935 CRUISER Southampton GLASGOW 9100 75000 4.35 6.36 9.37 SCOTT 1060628 CRUISER ENGINES Southampton BIRMINGHAM 75000 7.35 9.36 11.37 C'YDEBANK 425502 DESTROYER H HOSTILE 1340 34000 2.35 1.36 36 SCOTT 249590 DESTROYER H HOTSPUR . 1340 34000 2.35 3.36 36 SCOTT 246220 DESTROYER H HASTY . 1340 34000 4.35 5.36 11.36 DENNY 254308 DESTROYER H HAVOCK 34000 1340 535 7.36 1.37 DENNY 254308 SLOOP Bittern STORK 1190 3300 6.35 4.36 9.36 DENNY 152tO5 PATROL VESSEL Kingfisher MALLARD 510 3600 6.35 36 6.36 STEPHEN 103886 PATROL VESSEL Kingfisher . PUFFIN 510 3600 6.35 36 7.36 . STEPHEN 102364 1935_1936 CRUISER Gloucester LIVERPOOL 9400 82500 2.36 337 11.38 FAIRFIELD 1156246 CRUISER ENGINES Gloucester GLOUCESTER 82500 9.36 10.37 1.39 SCOTT 429824 DESTROYER I ICARUS 1370 34000 3.36 11.36 37 CLYDEBANK 266089 DESTROYER I ILEX . 1370 34000 3.36 1.37 37 CLYDEBANK 273743 DESTROYER I . ISIS 1370 34000 2.36 11.36 37 YARROW . DESTROYER I IVANHOE 1370 34000 2.36 2.37 37 YARROW DESTROYER Tribal GURKHA . 1959 44000 7.36 7.37 11.38 FAIRFIELD 359729 DESTROYER tribal MAORI 1959 44000 7.36 9.37 11.38 FAIRFIELD 352750 DESTROYER Tribal ZULU 1959 44000 8.36 9.37 3.38 STEPHEN SUBMARINE Grampus CACHALOT 1520 1630 5.36 12.37 38 SCOTT 303237 SWMARINE DEPOT-SHIP . Maidstone MAIDSIONI 8900 7000 8.36 37 38 CLYDEBANK 843876 . . 1936_l937 CRUISER Dido PHOEBE 5600 62000 9.37 3"39 940 FAIRFIELD 1053230 CRUISER ENGINES Dido SIRIUS 62000 4.38 9.40 5.42 SCOTT DESTROYER Tribal MATABELE 1959 44000 10.36 10.37 39 SCOTT 339198 DESTROYER . Tribal PUNJABI 1959 44000 IH. 36 12.37 39 SCOTT 340815 DESTROYER . Tribal SIKH 1959 44000 9.36 12.37 7.38 STEPHEN DESTROYER Tribal ASHANTI 1959 44000 11.36 11.37 12.38 DENNY 359170 DESTROYER Tribal BEDUION 1959 44000 1.37 12.37 3.39 DENNY 359170 DESTROYER J JACKAL 1760 40000 9.37 10.38 39 CLYDEBANK . DESTROYER 3 JAVELIN 1760 40000 11.37 12.38 39 CLYDEBANK DESTROYER . 3 JUNO 1760 40000 10.37 12.38 8.39 FAIRFIELD 407091 DESTROYER 3 JAGUAR 1760 40000 11.37 11.38 9.39 DENNY 401299 DESTROYER J JUPITER 1760 40000 9.37 10.38 39 YARROW SUBMARINE . Triton TRIBUNE 1090 1450 2.37 12.38 SCOTT PATROL VESSEL Kingfisher WIDGEON 530 3600 3.37 38 38 YARROW HINELAYER . . Plover PLOVER 805 1400 10.36 6.37 9.37 DENNY 111128 MINESWEEPER Halcyon GOSSAMER 815 1750 11.36 37 38 HAMILTON MINESEPER (HULL . . ONLY) Halcyon JASON 815 12.36 37 38 AILSA MINESWEEPER(HULL ONLY) . . Halcyon FRANKLIN 815 12.36 37 38 AILSA . . APPENDIX CIVb continued DETAILS OF CLYDESID¬'S SHARE OF ADMIRALTY SHIPBUILDING PROGRAMMES1919-1939

PROGRAM1E TYPE CLASS NAME HULL ENGINE LAID DOWNLAUNCHED EOMPLETED BUILDER VALUE TO TONNAGEHORSE POWER BUILDER £ 1937-1938 BATTLESHIP King George V DUKE LF YORK 36727 110000 5.37 2.40 11.41 C'. YDEBANK BATTLESHIP King George V HOWE 36727 110000 6.37 4.40 8.42 FAIRFIELD 3538874 CRUISER Fiji FIJI 8530 72500 3.38 5.39 5.40 CLYDEBANK CRUISER Dido BONAVENTURE 5600 62000 8.37 4.39 5.40 SCOTT CRUISER Dido HERMIONE 5600 62000 10.37 5.39 3.41 STEPHEN CRUISER Fiji KENYA 8530 72500 6.38 8.39 9.40 STEPHEN DESTROYER K KELVIN 1760 40000 10.37 1.39 11.39 FAIRFIELD 397724 DESTROYER K KANDAHAR 1760 40000 1.38 3.39 10.39 DENNY 401299 DESTROYER K KIPLING 1760 40000 10.37 1.39 1.40 YARROW DESTROYER L LOOKOUT 1920 48000 11.38 11.40 SCOTT DESTROYER L LOYAL 1920 48000 11.38 9.41 SCOTT DESTROYER L LAFOREY 1920 48000 38 2.41 . YARROW DESTROYER L LANtI 1920 48000 38 11.40 . YARROW SUBMARINE Triton TARPON 1090 1450 10.37 10.39 SCOTT SW MARlNE Triton TUNA 1090 1450 6.38 5.40 SCOTT SLOOP Eqret AUCKLAND 1250 36U0 6.37 6.38 11.38 DENNY 193040 PATR. VESSEL Sheerwater GUILLEMOT 580 3600 8.38 7.39 10.39 DENNY 146268 PATROL VESSEL Sheerwater PINTAIL 580 3600 8.38 8.39 11.39 DENNY 146268 MI NESWEEPER Halcyon SPEEDY 815 1750 12.37 38 HAMILTON MI NESEPER . Halcyon SPHINX 815 1750 1.38 39 HAMILTON MINESWEEPERENGINES Halcyon . BRAMBLE 1750 11.37 BARCLAY CURLE MINESWEEPERENGINES Halcyon BRITTOMART 1750 1.38 BARCLAY CURLE SWMARINE DEPOT-SHIP Maidstone FORTH 9050 7000 6.37 38 . CLYDEBANK

1938_1939 AIRCRAFT CARRIER Implacable IMPLACABLE 23450 148000 2.39 12.42 8.44 FAIRFIELD CRUISER Di do SCYLA 5600 62000 4.39 7.40 6.42 SCOTT CRUISER Fiji CEYLON 8530 72500 4.39 7.42 7.43 STEPHEN ESCORTVESSEL Black Swan BLAD< SWAN 1300 4300 6.38 7.39 YARROW ESCORT VESSEL Black Swan FLAMINGO 1300 4300 5.38 4.39 YARROW MINELAYER Abdiel MANXMAN 2650 72000 3.39 9.40 6.41 STEPHEN RIVER GUNBOAT Dragonfly LOCUST 625 3800 11.38 39 40 YARROW RIVER GUNBOAT . . Dragonfly MOSQUITO 625 3800 12.38 39 40 . . YARROW DESTROYERDEPOT-SHIP Tyne HECKLA 11000 7500 1.39 40 CLYDEBANK DESTROYERDEPOT-SHIP . ly ne TYNE 11000 7500 7.38 40 . SCOTT APPENDIX CV

DETAILS OF CLYDESIDE'S SHARE OF WARSHIPS BUILT IN BRITISH SHIPYARDS ON ACCOUNTOF FOREIGN POWERS1859-1939.

ENGINES VALUE TO 'AUNCHED TYPE NAME FOREIGN POWER HULL BUII..DER TONNAGEHORSE POWER BUILDER £

1863 TURRET SHIP ROLFE KRAKE DENMARK 1320 ROBERT NAPIER & SONS 1864 BROADSIDE IR0NCAD OSMANIEH TURKEY 6A00 3735 ROBERT NAPIER & SONS 1865 BROADSIDE IRONCLAD ABDUL AZIZ TURKEY 6400 3735 ROBERT NAPIER & SONS 1865 BROADSIDE IRONCLAD ORKANIEH TURKEY 6400 3735 ROBERT NAPIER & SONS 1865 CORVETTE TORNADO(EX PAMPERO) SPAIN (Ex CONFEDERACY) 2090 435 3&C THOMSON SONS 1868 TURRET RAM BUFFEL HOLLAND 2284 2000 ROBERT NAPIER & SONS 1868 MONITOR TI JOER HOLLAND 1427 680 ROBERT NAPIER & 1868 GUNBOAT KWANGTUNG CHINA 439 255 DENNY 1868 GUNBOAT SHANG TUNC CHINA 439 255 DENNY

1886 TO8PEDOGUNBOAT DESTRUCTOR SPAIN 348 3784 3&C THOMSON 1886 TORPEDOBOAT VIBORC RUSSIA 166 1300 3&C THOMSON 1887 PROTECTEDCRUISER REINA REGENTE SPAIN 4725 11500 3&C THOMSON

1890 ARMOUREDCRUISER [HI YODA JAPAN 2400 5600 CLYDEBANK 139573 1892 GUNBOAT BORNEO HOLLAND 787 11)40 CLYDEBANK 38810 1892 GUNBOAT RESTAURACI ON SAN [)OMINGO 1000 ? ROBERT NAPIER & SONS 1894 GUNBOAT INDEPENDENCIA SAN DOMINGO 322 ? ROBERT NAPIER & SONS 1895 GUNBOAT HERFIAN[ORTES SPAIN 295 ? CLYDEBANK 11292 1895 GUNBOAT Pl ZARRO SPAIN 295 ? DYDEBANK 11292 1895 GUNBOAT VASCO NUNEZ DE BALBOA SPAIN 295 ? CLYE)EBANK 11292 1896 GUNBOAT DIEGO VELAZQUEZ SPAIN 250 ? CLYDEBANK 8088 1896 GUNBOAT PONCE DE LEON SPAIN 250 ? CLYDEBANK 8088 1896 GUNBOAT ALVARADO SPAIN 200 ? CLYDEF3ANK 6022 '1896 GUNBOAT SANDOVAL SPAIN 200 ? CLYDEBANK 6022 1896 DESTROYER FUROR SPAIN 370 6000 CLYDEBANK 61000 1896 DESTROYER TERROR SPAIN 370 6000 CLYDEBANK 61081 1897 DESTROYER AUDAZ SPAIN 400 7500 CLYDEBANK 66790 1897 DESTROYER 0SADO SPAIN 400 7500 CLYDEBANK 66790 1897 DESTROYER PLUTON SPAIN 400 7500 CLYDEBANK 65748 1897 DESTROYER PROSPERINE SPAIN 400 7500 CLYDEBANK 65945 1899 BATTLESHIP ASAHI JAPAN 15200 i000 CLYDEBANK 876350

I9O8 DESTROYER PARA BRAZIL 560 8000 YARROW 19U8 DESTROYER PIAUI BRAZIL 560 81)00 YARROW 1908 DESTROYER AMAZONAS BRAZIL 560 8000 V ARROW APPENDIX CV continued DETAILS OF CLYDESIDE'S SHARE OF WARSHIPS BUILT IN BRITISH SHIPYARDS ON ACCOUNTOF FOREIGN POWERS11359-1939.

LAUNCHED TYPE NAME FOREIGN POWER HULL ENGINES BUILDER VALUE TO TONNAGEHORSE POWER BUILDER £ 9U9 DESTROYER MATO GROSSO BRAZIL 561) 801)0 VAR RU W 1909 DESTROYER RIO GRANDEDO NORTE BRAZIL 561) 8000 VARROW 19(J9 DESTROYER PARAIBO BRAZIL 560 8000 YARROW 1909 DESTROYER ALAGAOS BRAZIL 560 8000 VARROW 1909 DESTROYER SANTA CATHARINA BRAZIL 560 8000 VARROW 1909 RIVER GUNBOAT MACAO PORTUGAL 133 250 VARROW 1910 DESTROYER PARANA BRAZIL 560 8000 V ARROW 1910 DESTROYER SERGIPE BRAZIL 560 8000 VARROW 1911 TORPEDOBOAT SORRIDEREN DENMARK 240 51)00 YARROW T914 DESTROYER* [LPOMENE (EX SAMOS) GREECE 1007 25000 F Al HF I ELD 139163 1915 DESTROYER* MELAMPUS(EX CHIOS) GREECE 101)7 25000 FAIRFIELD 139163 1915 DESTROYER* '[DEA (EX KRITI) GREECE 1040 25000 CL VDEB ANK 137008 1915 DESTROYER* MEDUSA (EX LESVOS) GREECE 1040 25000 CL VDEB ANK 136821 1915 DESTROYER URAKAZE JAPAN 907 22000 VARROW 1916 DESTROYER AUDACE (EX KAWAKAZE) ITALY (EX JAPAN) 922 22000 V ARRU W 1916 SLOOP ALDEBARAN FRANCE 1250 2000 BARCLAY CURLE 1916 SLOOP ALGOL FRANCE 1250 2000 BARCLAY CURLE 1916 SLOOP CASSIOPEE FRANCE 1250 2000 BARCLAY CURLE 1916 SLOOP REGULUS FRANCE 1250 2000 BARCLAY CURLE 1916 SLOOP ALTAIR FRANCE 1250 2000 HAMILTON 1916 SLOOP ANTARES FRANCE 1250 2000 HAMILTON 1916 SLOOP BELLATRIX FRANCE 1250 2000 HENDERSON 1916 SLOOP RIGEL FRANCE 1250 201)1) HENDERSON 1918 RIVER GUNBOAT TETE PORTUGAL 100 ? YARROW

1930 GUNBOAT BARRANQUILLA COLOMBIA 142 ? YARFOW 1930 GUNBOAT CARTAGENA COLOMBIA 142 ? YARROW 1930 GUNBOAT SANTA MARIA COLOMBIA 142 ? YARROW 1931 DESTROYER DUBROVNIK YUGOSLAVIA 1880 48000 YARROW 1933 DESTROYER LIMA PORTUGAL 1219 33000 YARFWW 1933 DESTROYER VOUGA PORTUGAL 1219 YARROW 1937 DESTROYER SAN JUAN ARGENTINA 1375 34000 CLYDEBANK 377397 1937 DESTROYER SAN LUIS ARGENTINA 1375 340111) CL YDEB ANK 373812 1938 DESTROYER VASILEES GEORGIOS GREECE 1350 3400[J YARROW 1938 DESTROYER VASILISSA OLGA GREECE 1351) 34000 YARROW 1941 DESTROYER DEMIRHISAR TURKEY 1360 34000 1)EN NY 1941 DESTROYER SULTANHISAR TURKEY 1360 34000 DENNY APPENIDIXD

THE0UTPUT0C, T"Er,I-y nE SHIPBLl I '-P1", "1NDUSTRYu

TIA -NTE; % TS

I) OUTP UT nF THErt'- YDE c, PIP F- , ý,' I'-D I NG IND[IS TRY 1ý 59 -1 VE

TI) AN:l' YCIS ()F CUTPUTOF THE r;-YDE' tj I NýDL!STP, YIF89- 1913 AN' D 19- 193 El

CHANT Yl1r) t' 15SP, AP ý' 0F Ll.K. ANDV.'O P-D0 UlTP Ll T 11

SIA1PS 1Fc, 2- 1913A 1919 - 19-ý F, -

SU11 MliA PY07C L)TP Li T0 ý7 W,A J) DR C'-Y 1) RSýiIPBUI'-r)

IFP.9- 1913AND1ý; 19 - 1938-

YSIs OF-nu! TPU T 0' YDEWARSH1PBUI'-1) F R, S IF, - 1913 ANLI 19 1 ') - 1936.

"HIS n oq7 09 7/ýj /V 7HE /)A/ A/&, /-)/-- -7W/9-,OE ONE G-/IZCS%ý7-C"Aj' SHIP Pl, 7r/ /S /I t, -) c-6 ", ýEAi ;r !T7 /) 715 7 Aý6 L-/ý) 7 IAI C- 7cI /v,13 /v /)2ýC, s 7- e.ý, I/ EIV IYE *?4 /-, Eý MA-, o, 1-) 1-14:-A, 7- -ýOAjh1jG-,KZilý E 1v L-, ,7 C- lo,-I,-)S /,s'4E. 6N 7,*)KF-/V 19PPEA,1)1X C APPENDIXD! OUTPUT017'CýYDE SHIPBLIP-DING INDuSTRY 1859-1888

YEt- AR, TON.S

1859 35709 1F,6C, i47&33 1861 66801 I(')'6 2 69667 1863 123262 1864 17F'505 1865 15393. 1866 124513 1867 168024 166P 109571 1869 19231n 1870 180401 1871 196229 102 230347 1873 232926 1874 262430 1875 211824 1876 174824 1877 169710 180 222353 1879 171-750 1861". 241114 1881 341022 391934 1883 4.19664 1684 296854 MIC-15 193453 1686 172440 1887 185362 1666 28ýM 37 APPENDIXDII ANA'-YSIST OUTPUT T C'-)"k)'- SHIPBUII-Dl',,, 'u INDUSTPY 1889-19-118

WARSHTPS YEAP, NAVA'- MERCHANT TOT,A'- TT BRI , SH FOREIC%AUX! '-IAPIES SHIPS NO TONS N"). TO%S' NL'i . TONS NO. T0NS NO. TONS 1889 4 6bin 245 328391 249335201 I h,902 7U[JC,' i 2685 299352488 302 362168 1891 41 ý-,30', ý 337 311177 341325477 1892222 f) 1 817 3473-113597 350 336414 1893 253280160 253280160 1894 3 84(Jl '11543401045 257 340885 1ýý05 9 41512 7 60,1,, 305318040 321 360152 IF90 236F.5 74U 368396416 377420R41 IF,97 4 12065 4 16(30 310326372 31834n037 1H9E8 4115L 3-90425674 32846683ý Ie99 4,2 5LJ75 1 15201-1 279450799 2844-9 JU74 190C 5 135.15 3.113 479094 31R 492609 1901 6 60146 2914518"1 297 51199U 19U2 3 294G li 30946887(1 3.112 518270 1903 5 64805 272 382069 277446869 19(j4 3 164110 3264CI"47) 329417F711 1905 1 135 5(" 526305 ? 539850 1906 1 15925 582916 ? 598841 1907 3 35001 424 564916 427619919 114cs '?11 745 8 2145 55E352387 569355586 1909 7 1441J4,2 Z4 343 386543 -.554 403167 1910 17 4141"' 2 il2f! 339349858 35b392392 1911 15 7478C 1 244 397555559 413630583 1912 13 51395 3 125 3"173 5891,11,19389 640 ),529 1913 16 63917 1 700 35369ý 2359 370'56976 1 1919 25 91496 11P, 0 50 34599 346520682 422646957 1920 330672438 330672438 1921 24951lI85 249511185 1922 143368481 143388481 1923 122 175528 122 17552H 1924 251 538021 25,11.538021 1925 280523322 28P 523322 1926 2 11210 1712 7/ 60 34 173287244 19IN 6 21182 268442346 274463528 1928 3 21540 238583071 241604611 1929 5 7740 229558058 234565798 1930 2 2980 3 30LI 243 526564 248 529844 1931 1 354 1 2400 97 149909 99 152663 1932 2 2880 28 63757 30 66637 1933 2 131P 4 34-20C 27 51858 31 56368 1934 11 29596- 56 238525 67 268121 1935 8 9113 66 162817 74 171930 1936 1A' 30491 94 296366 105326857 1937 17 40417 2 2750 93 337937 11238 11 f)4 193E IU 23850 2 2800 7 5365 98 411600 117443615 APPENDIXDIIII C'-Y()t-'S SHAREOF U. K. A,%ff) Iyop, OUTPUI1692 19 3F

YEARU. K. WOP"D C-Y IIDE C'-YDEAS U.K . WORI-D T0N'S, T,ONS TONS

1692 110995C 1358045 313597 2F.2 23.0 18113 836383 1026741 28FJ160 33.4 27.2 1694 1046508 132353b 340045 32.4 25.6 1895 950967 1216160 318040 33.4 26.1 1896 115975.11.1567862 396416 34.1 25.2 1897 952486 .13 3 19 24 326372 34.2 24.5 1898 1367570 1893543 4,25674 31.1 22.4 1899 1416791 212 17 36 450799 31.8 21.2 1900 1442471 2304163 479094 33.2 20,.7 1901 1524739 2617539 451844 29.6 17.2 1902 1427558 2502755 488870 34.2 19.5 19013 1190618 2145631 362069 32.0 17.8 1904 1205162 1987935 401470 33.3 20.1 1905 1623168 2514922 526300 32.4 20.9 1906 1828343 2919763 582916 31.8 19.9 1907 1607e9O 2778088 584918 36.3 21.lj 19C8 929669 1833286 352387 37.9 19.2 1909 991066 1602057 386543 39.G 24.1 19io 1143169 1957F,53 349858 30.6 17.6 1911 1803844 2650140 555559 30.7 20.9 1912 173Ll5 14 29G1769 589009 33.8 20.2 1913 1932153 3332882 692359 35.8 20.7

1919 1620442 7.1144549 520662 32.1 7.28 1920 2055624 5861666 672438 32.7 11.4 1921 1538051 4356843 511185 33.2 11.7 1922 1031081 2467084 388481 37.6 15.7 1923 645651 1643181 175528 27.1 10.6 1924 1439885 2247751 538021 37.3 23.9 1925 1084633 2193404 5233222 48.4123.8 1926 639568 1674977 276034 43.1 16.4 1927 1225873 2285679 442346 36.0 19.3 1926 1445920 2699239 583071 40.3 21.6 1929 1522623 2793210 558058 36.6 19.9 1930 1478563 2889472 526564 35.6 18.2 1931 5U12 487 1617il5 149909 29.8 9.27 1932 187794 726591 63757 33.9 8.77 1933 133115 469016 51858 38.9 10.6 1934 459877 967419 238525 51.8 24L.6 1935 499011 1302080 162'817 32.6 12.5 1936 856257 21117924 296366 34.6 13.9 1937 920822 2690580 337937 36.6 12.5 1938 1030375 3033593 411600 39.9 13.5 APPENDIXDIV SUMMARYOFOUTPUT OFMAJOR C'-YD--- WARSHIPBUI'-DERS 1889-193F,

YEAR WARSHIPS ýERCHANTTO TA'- 'r' C'-YD:- OUTPUT BRITISHFOPEIGN WORK WARSHIPSMERICHANT TOTA'- TONNSTO NS TONS TONS

1889 681,'-j 95502 M"3 12 oe.an 29 oc, 3P.52 IRK, 70(,'(', 2660 80243 89923 100. UO 22 5P 24.83 1891 143'j aI1 75193 894Q3 Ori.uj OC 24.16 271. 50 1892 22000 817 62796 65615 100.00 19.97 25.45 1893 77183 77183 27.55 27.55 1894 840 6376C, 64600 100.00 16. 75 1Fi .01 5 1895 40962 600 102133 143695 96 69 32.05 399P 1896 22-3685740 102669 127094 100OP 25.P5 3U20 1897 12065 1600 73505 E7170 IOU.Ou 22.41 25.64 1898 4115 Fi 106704 149862 loci. 00 25.54 R. IG 1899 2507515200 110099 150374 100.011)23.63 30.62 1900 13515 104023 117536 IO0.C(j 2)1.71 23.86 1901 6n146 104401 164547 100.00 23.11 32.14' 1902 294 00 110476 139676 100.00 22. 60 26.99 19U3 6480" 101475 166275 100.00 26.56 37.21 1904 1640C, 67353 83753 100.00 16.7F, 20.04 19C5 13550 114820 12C3 TJ 100. 00 21.82 23.7ý' 19U6 15925 156521 174446 If),0.00 27. 19 29.13 1907 35001 124026 159027 loo.no 21.20 25.65 19U8 745 2454 69061 72260 100. U-1 19.40 29.32 1909 14404 2240 86359 103002 100.00 22.21 25.55 1910 41414 112U 40002 82536 100.00 il. 40 21.C3 191-1 74000 244 147963 222207 98.96 26.62 35.24 1912 51395 125 136582 188102 PC. ou 23. 18 29. 37 1913 63917 700 219455 284072 1ou, . 00 31.66 37.53 0 1919 92464 IN) 80325 172969 73.37 15. 42 26.74 1920 187475 167475 27.86 27.88 1921 185149 185149 36. ý72 36.22 1922 141446 141446 36.41 36. 41 1923 57083 57083 32.52 32. 52 1924 168731 168731 31. 36 31. 36 1925 162706 162706 31.09 31.09 1926 11210 . 64958 76168 1MI. 00 23.53 26.52 192- 7 21182 126685 149867 100.00 29.09 32.33 1928 215 4,1)' 203870 2254 EJ 10D.on 34.96 37.28 1929 7740 122611 130351 100.00 21.97 23.04 1930 29SO 300 1779221 F31202 IOU.01) 33.77 34.20 1931 354 240C 73546 76302 100.00 48.29 49.98 1932 28813 14016 16896 100.00 21.98 25.36 1933 1310 3200 8,1125 12535 100.00 14.58 22.24 1934 29596 111316 140912 100.00 46.67 52.56 1935 8238 22573 30,911 90.40 13.86 17.92 1936 30491 47306 77797 lot). 00 15.96 23.8,) 1937 37927 275/0 64165 104842 94.23 18.83 27. 51 1938 22975 2800 154063 179838 80.51 37.18 40.54 APPENDIXDk'

ANALYSISOVOUTPUT (F MAJ'OR ("-YD', - V,ARc. HIPBUI'-DEPc. ilRP9 lF,9U i891 1892 IR93 1894 1P95 1896 1897 IP9F TONS TON'S TONS TONS TONS TONS TOINS TONS TONS TO\S ClYDEBAV BRITISHWARSHIPS 52UC 7000 3510 14300 84C 28925 1405 upon 11351'l FOREIGNWARSHIPS 26K 817 600 740 160L; NERCHTJWRK 7116 5120 5440 2613 21652 2748 2672 8267 1052H 2314) TOTA'- 12316 14800 P94C 17130 21852 3588 32197 10492 2312U 345013 FAIRFIEID BRITISHWARSHIPS 12037 11000 1065 23508 FORMAWARSHIPS MERCHAIJWORK 23e3() 337U5 12795 17506 17252 157D6 10987 18967 990i 11605 TOT& 2383D 33705 12795 17506 17252 15706 23024 29967 10966 35iGfi NAPIER/BEARDMORE RRITISHWARSHIPS 7700

FORE 'IGN' WARSHIPS 15 WRCHANTWORK 1164ý' 565b 11763 2700 57UO 9333 6600 121Ob 13640 14 U TOTA- II 64,r1 5650 l1763 10400 570Ci 9333 6600 1210') 13640 14.15L) SCOTT'S BRITI SHWARSHI PS FOREI,,\ WARSHIPS MEHCHANTWORK 19U2C l5b8,2 20959 21-313 4586 10835 264CC. 1863P. 5460 19307 TO1A'- 206YJ 15F82 20959 21313 4586 10835 26406 18638 54601 19307 0'1 D O's & G'-ASC 1)ý,: BRITISHWARSHIPS 108a0 112U,Cj 630C, FOREIG%KARSHIPS ýERCHANT14MV, 8666 36UO 6230 2125 3583 10770 20440 12020 7864 4697 TOTA:- 8666 360 0 17U 2125 3583 1G770 20440 2322,) 7864 10997 14% Y, S BR!TISI: WARSHIPS FOREIC-NWARSH71PS f-ýýHCHANT.',-IOHK 252130 10266 18036 17141 24210 1436P 35Ul28 32677 2612 (1 35WLi n TOTA'- 25239 16286 18036 17141 24210 14368 35028 32677 26'. 20 35800 YApR MI.! Is H,Q1TI Sli WARSHIIPS I-OREIG 'N WA RSHTPS t-F-RCHANTWORK\ TOTA'- 00c0nn A'-'-ABOVE RRITISH11 WARSHIPS 6811 71MU, 14"0 22000 0 840 40962 23685 12065 41158 ý70RCIGNNWARSHIPS n 2680 G Fi17 00 600 740 1600 0 NýERCHANTWORK 95502 80243 75193 62798 77183 63760 102133 102669 73505 JOF704 TOTA- 102312 89923 89493 85615 77183 6460',' 143695 127094 87/170 149862 APPENDIXDVcontinued ANA'-YSISOFOUTPUT OFMAJOR C'-YDE WARSHIPBUP-DERS 11-195 1900 190i 19U2 1903 19li1,1905 1906 19C7 1906 TONS T0NST0 N'S TONS Tf.) N'S T0N'S T[I N5T k9N'5 Toý.'S TONS C'-YDEBAN-' R91TISHIWARSHIPS 12bou 114C 26446 27050 1750 1] FOREE I GNWARSH I PS 1520 0- ýERCHANTWNK 14ý20iJ 2711 Fj 23354 2626CI 2810.231502 20606 46387 17793 153 U, i TOTAL 41400 28250 49800 2626U, 55152 "3151) 20606 463F7 35203 153 0'2' FAIRF I EA BRITISHWARSHIPS 12375 12375 23900 9800 16350 5700 13550 17250 FOREIGNWARSHIPS MERCHANTWORK 19249 539G 4665 20500 227U3 1255 24285 20DO3 30770 1752L3 TOTV 31624 17765 28565 30300 39053 6955 37835 20043 48020 0511

NAPTER /BF ARDMD RE RRITISHWAR5HIPS 9POP 1r) 70 (1,15925 FOREIGNWARSHIPS ýERCHANTWORK 147UC64 250 1739 0 545U 235(ý 6250 5125 145 00 115ý-, 3 T0TA'- 1470i'l 625n 1739' D 15258 1070 fl) 2350 6250 21050 14500 11563 SCOTT'5 BRITISHWARSHIPS 10700 FOREIGNWARSHIPS MERCHANTWORV, K5,44 29970 5974 13894 20.'98 9021 29182 3318n 211916 41-71 TOTA'- 20544 2997'-ý 15974,13894 20198 19721 29182 33180 20916 4171

'-ONDON& GI-ASGOW BRITISHWARSHIPS 70Ct 9800 980D lCj7(JU FOREIGNWARSHIPS WRCHANTWORý 101.1.16 4700 7752 4035 3770 4295 13154 588L-l' TOTA- 10806 47M 17552 13835 10700 3770 4295 13154 5885 DE%,%, yIS BRITISHWARSHIPS 251 745 ýGREIGNWARSHIPS !ýERCHANT, WORK 31300 3U6C!3 35266 401329 30472 27807 30202 4CJ632 34167 2012E TOTAl- 31300 30603 35266 4U32P 30472 278-07 30202 40634 3441F 20673

YARROW'S BRITISHWARSHIPS FOREIGNWARSHIPS 2454 MERCHANTWORK 359 TOTA'L 0G 2813

Aý-'-ABOVE BRITISHWARSHIPS 25075 13515 60146 29400 64800 16400 13550 15925 35001 745 FOREIGNWARSHIPS 15200 00000000 2454 MERCHANTWORK 110099 104023 104401 110476 101475 67353 114821115F 521 124026 69061 TOTA'- l5e374 117538 164547 139876 166275 83753 128370 174446 159027 72260 APPENDIXDVcontinued ANA'-YSISOFOUTPUT OýMAJOR C'-YDE WARSHIPBUI'-DERS 1909 19113 1911 1912 1913 T0N55 TONS TONS TONS TONS C'-YDEBANK BRITISHWARSHIPS 2655 7220 206in 8040 26722 FOREIGNWARSHIPS TRCHANTWORK 7299 11344 45003 14742 56000 TOTA- 10154 1850 65613 22782 82722 FAI RF I E'-D BRITISHWARSHIPS 5723 5470 18800 1090 3780 FOREIC.%WARSHIPS MERCHANTWORK 21965 3930 d2i30 7 35536 30300 TOTA'- 27688 940LI 40107 36626 34080 NAPTER/BEARDMORE BRITISHWARSHIPS 4800 5200 23400 5500 25935 F-OREIG%WARSHIPS

rIERCHANT11T WORK 1200 1200 8000 15426 18500 IOTA'- 6000 640LI 31400 20926 44435 SCOTT'S BRITISHWARSHIPS 20250 26605 FOREIGNWARSHIPS WRCHANTWORK 21239 31478 31709 45015 TOTA'- M39 20250 31478 58314 45015

-ONDON& G'-ASGOV, ' BRIT.TSH WARSHIPS 920 5200 785U 280-5 F'OREIGNWARSHIPS WRCHANTWOPK 12129 5600 4360 30648 TOTA'- 12129 920 10800 12210 33453 DENNY'S RRITISHWARSHIPS 1026 2354 4450 1870 FOREIGNWARSHIPS MERCHANTWORK "2278 23519 35996 33925 38603 TOTA'- 23304 25673 40446 33'1025 40473 YARROV.'' S RRITISHWARSHIPS 1540 2310 ILIS05 FOREIGNWARSHIPS 2240 1120 244 125 700 MERCHANT14ORK 248 9 579 884 389 TOTA'- 2488 1129 2363 3319 3B94

A'-:- ABOVE BRITISHWARSHIPS 14404 41414 74000 51395 63917 FOREIGN,WARSHIPS 2240 1120 244 125 700 ýERCHANTWORK 86358 40002 147963 136582 219455 TOTA'- 103002 82536 222207 188102 284072 APPENDIXD%lcontinued ANA'-YSISCFOUTPUT 97 MAJOR C'-Yt)-r, ' Wn'l0SHjP9Uj'-D'-Q')

lp19 192C i921 1 1922 1923 1924 1925 19116ý 192' ) 192R TONS T0 -) T0NS TONS TON'S TONS TONS T0%S TONS TONS -YDEB All", RRITISPI,WARSHIPS 517[W 20G0ý,`; ý70PEIC%WARSIH I PS ýCRLCHANJ'4',MK 133 5u 4nPc?C.' L492ý1 27ý5ti 11355 4015,21 24,300 UU3" 2150 78,117 T0Tn, '- 650501 4009 U, 4492e 272Vi 11355 401524 24300 330 31' 22.11 5,,, 7F117 ý-AI RF I E'-r) BRITISHWARSHýTPS C,8uC, lGOOD 111011C FORtc-lU%WARSHIPS Mr-RCHIVITY"Opy 5ý177 4623"4246 6'ýJ 12000 30950 33080 12656 2711 FI,F! 37/rS54 TOTA 13977 4n,,,,&,ý4 2486'.;i 12'COC, C, 3ý)955 33080 22886 27t'BI ý47C,54 NAPIER /BF- ARD tURE BRITISHWARSHIPS 1552(j 115140 F"OREIGNWARSHIPS ,'-EPCHANT WORK 1RUDO 17716 60179 31066 l'- 38 236119 25212 162,1; 3643 ir.59 1 TOTN- 3352r 171716 60179 31066 143f) 236 09 252i2 162 U, 36L34 22131 SCOTT'S BRITISHWARSHIPS 8129 'OPEIGNWARSHIPS !,ERCHANT WORK .IL 14bU1 321)1'1016617 38742 11600 32730 16226 4607 22236 1669li TOTA- 19529 320M 18617 36742 11600 3273(1 16226 4607 M23ý 166911 STEPHE",' ''; H,RITISh WARSHIPS 20i)b FOREIM,WARSHIPS ýERCHANTWORK 19251 252U6 5285 20736 24316 9489 528.2'3 5753 21961 33E79 TOTAI- 21251 252C6 5'-'E-,',5 20736 24316 9489 52823 5753 21961 33879 DEN%, Y'S BRITISHWARSHIPS 267 FORFICN'WARSH! PS ýERCHANTWORK 12687 30499 22939 11652 837,ý 3ifk.16ý4 7PFlkl, 1,1182426112 TOTA- 15357 30499 22939 11652 8374 31069 8F21 7(10,ý l8e24 26112 YARROWIS BRITISHWARSHIPS 3645 121il 11Eý cOREISNWARSHIPS IOU VERCHANTWORK 46 1730 8349 7312 2244 5(j 627 T010T A'- 4285 17X) 8349 732 2244 126-J 1162 627 A'-'-ABOVE BRITISHWARSHIPS 92464 11211,, 211F2 21540 FOREIGNWARSHIPS 1611 000U0U Ll 0C WRCHANTWORK 80325 18747' 185149 141446 5708 3 16R731 621706 64958 128685 203F7U TOTA'- 172969 IL'7475 185149 141446 57083 168731 162706 76166 149867 225410 APPE','41DIX DV continued

.ANA'-YSIS OF OUTPUT OF MAJOR C'-Yf)E WARSHIPHUI'-DERS 1929 1930 1931 1932 1933P 34 1935 i936 11937 19-,IF TONS TONS TONS TONS TOý, N5T ON'S TONS TONS TON'S T0%N-c C'YDERANK BRITISHWARSHIPS 310ri 29HC 106(l 5790 10475 1P25ýý)' 15C, b0 FORETGNWARSHIPS 2750 1-c-RCHANTWORK 419P7 48062 FIH(Jo 2F963 85000 TGTAI- 45oe",50982 00 1060 759F,' 0 3941--19 1300D IUOOBG FCTRF I E'-D BRITISHWARSHIPS 1,885 10600,3506 127OC, 11ý9 C FOREIG%WARSHIPS WHCHANT'41ORV 26212 23152 2221 620 121119 Ký9 23558 130 ri TOTA'- 26212 23152 22"21 28811 11220' 15617 899 362 5R 12990

NAPIER/BEARDKJRE BRITISHWAPSHIPS 1 '040 FOREIGNWAPSHIPS ML-HCHA%TWORK 1/4 127/26 TOTA'- 1714 12726 00000P0 SCOTT'S BRITISHWARSHIPS 31 OU 7950 64CI 170 0,5201i 1005 FOREIGNWARSHIPS MERCHANTWORK 15022 5.16B12 1721 2P,26 28119 2811 8241; 97fj TOTA'- 18122 516PI 21721 2820 2809 10)761 64i 1171l,'j 13449 1ý, 79 5

STEPHEN'S BRITISHWARSHIPS 264C 1216 370(ý FOREICN.WARSHIPS ýFRCHANTWORK 22357 33303 387401 4230 22153 1C)44 556U 14119 37167 TOTA'- 22357 333013 38740 4230 U 22153 3684 6776 17819 37167

DENNY 'S 13,'IkITISH WAPSHIPS 3316 27W] 4727 -ýQC-9 ILI, ý7'UREIGN'WARSHIPS ,,IEPCHANT WORK 16939 866C IU646 6960 5216 3932 9221 11884 1R248 ll,)F96 TOTA'- 16939 8H60 10046 6960 5216 7/74P 9221 14584 22975 11-1786

YARROW'S BRITISHWARSHIPS 35,4 25C 194G 145t, 44L) 0 1351,212 2flý FORElaý'WARSHIPS 301) 2400 320n 28ot' -MERCHANTWORK 19f, 22C 199 T0TA'- 498 2974 0 3450 194D 1649 44O'ý i 1350 502115 4ý1-ABOVE BRITISHWARSHIPS 774G 298 354 2880 131Fj 29596 8238 30491 37927 22975 FOREIGNWARSHIPS c 30U 2400 0 32013 li 0G 2750 2BOO WRCHANJWORK 12,1611 177?22 73548 14016 eO25 111316 22573 47306 64165 154063 TOTA'- 130351 181202 76302 16896 12535 140912 30811 77797 iG4842 179638 APPENDIXE

UT CILYDEWARSHIPB IILDERS ACCOUNTS

TABLEOF CONTENTS

1) General Notes on standardisation of accounts.

II) Fairfield Shipbuilding & Engineering Co. Ltd.

III ) Clydebank

IV) William Beardmore& Co. Ltd.

V) Scott's Shipbuilding & Engineering Co. Ltd.

VI) Alexander Stephen & Sons Ltd.

VII) Other yards. APPENDIXEl

GENERALNOTES ON STANDARDISATION OF ACCOUNTS

In so far as the records of individual firms allow, the accounts contained in this appendix have been standardised on the following basis; - 1) TRADINGPROFIT is the operating profit excluding exceptional items and before deducting provisions for depreciation of fixed assets, bank and loan interest, debenture interest and taxation. Wherever possible profits and losses attributable to non-shipbuilding trading activities are shown separately. 2) EXCEPTIONALITEMS comprise all amounts written off investments, all profits and losses on the sale of investments and material items of a non-recurring nature whose inclusion in trading profits would give a distorted view of the trading results. 3) BANKAND LOAN INTEREST includes interest paid and received in respect of bills of exchange. 4) DEBENTUREINTEREST and PREFERENCEDIVIDENDS

are shown gross. Provisions for TAXATIONare shown net of any tax deducted from debenture interest (or preference dividends.) at source. 5) PREFERENCEDIVIDENDS and ORDINARYDIVIDENDS include proposed dividends. Wherenecessary, published accounts have been adjusted to incorporate proposed dividends and transfers to and from reserves subsequently approved by shareholders at the Annual General Meeting. 6) NETADDITIONS TO FIXED ASSETS represent fixed assets purchased during the year less the book value of fixed assets sold or scrapped during the year. 7) A distinction has been drawn between TRADE

INVESTMENTSand holdings of quoted fixed interest securities which could easily be realised if the need arose, only the latter being treated as a current asset. 8) NETCURRENT ASSETS comprise inventories,

debtors, quoted securities, bank balances and cash on hand less creditors, taxation reserves, short-term borrowings and bank overdrafts. 9) INVENTORIEScomprise stocks of raw materials and loose tools and work-in-progress net of payments on account by customers. 10) CREDITORScomprise trade creditors, proposed dividends and unpaid income tax but, wherever possible, short-term borrowings, bank overdrafts and provisions for Excess Profits Tax are shown separately. 11) Where the trading results of non- shipbuilding activities are shown separately in the Profit & Loss Account, the net capital employed in these activities is also shown separately in the Balance Sheet. 12) SOURCESOF FUNDScomprise Ordinary Share

Capital, Reserves includin-g Contingency and SuspenseAccounts, the balance on Profit & Loss Account, Preference Share Capital,

Debentures net of Sinking Funds and long-term

Loans. 13) In accordance with modern practice all movements on Reserves have been brought through the Profit

& Loss Account and items previously charged or credited to Reserves included under the appropriate heading in the Profit & Loss Account. APPENDIXEII

FAIRFIELDSHIPBUILDING & ENGINEERINGCO. LTD.

CONTENTS

a) Notes on sources b.) Annual Profit & Loss Accounts and Balance Sheets 1889-1939with notes. c) Details of Trading Profit in (b) d) Details of Exceptional Items in (b) e) Details of Net Additions to Fixed Assets in (b) APPENDIXElIa

NOTESON SOURCES

The accounts of the Fairfield Shipbuilding & Engineering Co.

Ltd. are extracted from the collection of records relating to Upper Clyde Shipbuilders held in Strathclyde Reqional Archives.

(UCS 2). Printed copies of the company's published accounts for the entire period from 1899-90 to 1938-39 are to be found in

UCS 2/5/2 . No managementaccounts or working papers relating to these accounts survive but details of the balances from which they were prepared are to be found in the company's Private

Ledgers (Division A) UCS2/31/1-12. Examination of these records has revealed sone major inconsistencies in the treatment of particular items in the published accounts.

a) Moveable Tools previously included in stocks, if not

shown separately, were treated as fixed assets from

1931-32 onwards. b) Up to 1930-31 all Chepstow balances were included in

investments. Thereafter they formed part of the Balance

Sheet figures for fixed assets, stocks, debtors, cash and creditors.

c) Between 1922 and 1925, loans to Fairfield's parent

company - the Northumberland Shipbuilding Co.Ltd. - were included in debtors. d,I ContinciencN,ACcour)t shown Senaratelv in the accounts,

from, 19311 -3.1 oriwards had r,,i, ev io usiv been incl uded in crec!itorý,.

e) Canital exnenditure on Works Imi.)rovements in the decade

Drecedinq the outbreak of the First World V'ar had been

wrII-itten off aqaInst Drovisions as incurred. f) Steamers, showna-, a senarate item in '%heBalance Sheet

unt ci 1913-34 ,weresubseG. Lient1V included in investments To correct theue anonal-*Les;- 1) Moveable tools are treated throunhout as inventorv.

2 The aqýjreqate, of Chenstow balances is shown seDarate Iv

,n ro uqhout.

3) 1-oaris to the Northumberiand Shi t)buil dinc-I Co. ý_td. are included in Associated CorriDanies.

4) That oar L of the Continqencv Account wh,ch @rose f rojii

orovisions for taxation between 1914-15 and 1919-20 is

treated as a current liability un to 192V-29 wrien t' tie

com-)anvIs tax liability was finally settled. The remainder

of the Continqency Account is treated as a reserve throuahout.

5) ExDenditure incurred on works in.Drovements is included

in Net Addit ions to ý ixed Assets and the corresL)ondinq

orovisions for Works Imr)rovenents in the Profit & '-oss

Account are included in the charqe for Der)reciation . 6) Steamers are distinquished fron both Fixed Assets and Investments in the Balance Sheet APPENDIXIIb FAIRFIELDSHIPBUILDING & ENGINEERING CO.LTD

YEARTO 30TH JUINE 1890 1891 1892 1893 1894 L LL Li TRADINGPROFIT/-LOSS (NOTE 1) 70357 69224 72602 16134 07519 EXCEPTIONALITEMS (NOTE 2) -1750 -1000 -1000 60000 DEPRECIATION(NOTE3) -10578 -12192 -12568 -3879 BANKINTEREST 6692 5983 2179 -79 -4677 DEBENTUREINTEREST -11250 -11250 -11250 -11250 -11250 TAXATION -875 -875 -875 -856 NETPROFIT/-LOSS FORYEAR 52596 49890 49088 4805 21819 CHEPSTOWPROFIT/-LOSS (NOTE 4) BALANCEBROUGHT FORWARD 2817 2759 1899 1756 CAPITALRESERVE REVENUERESERVES -10000 -10000 -10000 locloo PREFERENCEDIVIDEND -14779 -14948 -14948 -14948 -14948 ORDINARYDIVIDEND -25000 -25000 -25000 -7500 BALANCECARRIED FORWARD 2817 2759 1899 1756 1127

YEAR-ENDBALANCE SHEET

FORMATIONEXPENSES 4000 3000 2000 2000 2000 FIXEDASSETS ATSTART OF YEAR 555000 600002 609446 659025 677713 NETADDITIONS (NOTE 5) 55580 21636 62147 18688 331 PROVISIONFORDEPRECIATION -10578 -12192 -12568 0 -3879 ATEND OF YEAR 600002 609446 659025 677713 674165 STEAMERS ASSOCIATEDCOMPANIES (NOTE 6) TRADEINVESTMENTS 9284 18582 18582

INVENTORIES 198514 240315 306450 357663 183228 DEBTORS 26532 43725 77566 37694 32736 GOVERNMENTSTOCK BANKAND CASH 100672 24335 37757 1492 7428 325718 308375 421793 396849 223392 CREDITORS -167778-148937 -311078 -319082 -147887 TAXATIONRESERVE (NOTE 7) BANKLOANS AND OVERDRAFTS -5L81 NETCURRENT ASSETS 157940 159438 110715 72586 75505 CHEPSTOW(NOTE 8) CAPITALEMPLOYED 761942 771884 781024 770881 770252 SOURCEOFFUNDS ORDINARYSHARES (NOTE 9) 250000 250000 250000 250000250000 CAPITALRESERVE (NOTE 10) GENERALRESERVE 10000 20000 30000 20000 20000 CONTINGENCYACCOUNT (NOTE 11) PROFITAND LOSS ACCOUNT 2817 2759 1899 1756 1127 262817 272759 281899 271756 271127 PREFERENCESHARES (NOTE 12) 249125 249125 249125 249125 249125 DEBENTURES(NOTE13) 250000 250000 250000 250000 250000 SINKINGFUND 761942 771884 781024 770881 770252 APPENDIXlIb continued FAIRFIELDSHIPBUILDING & ENGINEERING CO.LTD

YEARTO 30TH JUNE 1895 1896 1897 1898 1899 L LifL TRADINGPROFIT/-LOSS (NOTE 1) 35625 75245 75882 110579 83219 EXCEPTIONALITEMS (NOTE 2) -421 -1500 -2920 -1000 DEPRECIATION(NOTE3) -3811 -10000 -14173 -16750 -16450 BANKINTEREST 3920 -904 985 737 1864 DEBENTUREINTEREST- -11250 -11250 -11250 -15000 -16250 TAXATION -208 -500 NETPROFIT/-LOSS FORYEAR 23855 51591 48524 78066 52363 CHEPSTOWPROFIT/-LOSS (NOTE 4) BALANCEBROUGHT FORWARD 1127 2534 1677 2753 18371 CAPITALRESERVE REVENUERESERVES -10000 PREFERENCEDIVIDEND -14946 -14948 -14948 -14948 -14974 ORDINARYDIVIDEND -7500 -37500 -32500 -37500 -40000 BALANCECARRIED FORWARD 2534 1677 2753 18371 15780

YEAR-ENDBALANCE SHEET

FORMATIONEXPENSES 2000 1000 FIXEDASSETS STARTOF YEAR 674165 675026 673837 672589 742750 _ATNET ADDITIONS (NOTE 5) 4672 8811 8752 80161 22923 PROVISIONFORDEPRECIATION -3811 -10000 -10000 -10000 -10000 ATEND OF YEAR 675026 673837 672589 742750 755673 STEAMERS 105335 104103 99930 93180 86730 ASSOCIATEDCOMPANIES (NOTE 6) TRADEINVESTMENTS 20881 20381 18461 17461 17461

INVENTORIES 141788 283004 221436 204285 492841 DEBTORS 40945 69231 89791 161015 102805 GOVERNMENTSTOCK BANKAND CASH 2301 3157 880 2578 1507 185034 355392 312107 367870 597153 CREDITORS -173855-248436 -279245 -3U2497 -346017 TAXATIONRESERVE (NOTE 7) BANKLOANS AND OVERDRAFTS -42762 -135475 -51964 -21276-215220 NETCURRENT ASSETS -31583 -28519 -19102 44105 35916 CHEPSTOW(NOTE 8) CAPITALEMPLOYED 771659 770802 771878 897496 895780 SOURCEOFFUNDS ORDINARYSHARES (NOTE 9) 250000 250000 250000 250000 250000 CAPITALRESERVE (NOTE 10) GENERALRESERVE 20000 20000 20000 30000 30000 CONTINGENCYACCOUNT (NOTE 11) PROFITAND LOSS ACCOUNT 2534 1677 2753 18371 15780 272534 271677 272753 298371 295780 PREFERENCESHARES (NOTE 12) 249125 249125 249125 249125 250000 DEBENTURES(NOTE13) 250000 250000 250000 350000 350000 SINKINGFUND 771659 770802 771878 897496 895780 APPENDIXIIb continued FAIRFIELDSHIPBUILDING & ENGINEERING CO.LTD

YEARTO 30TH JUNE 1900 1901 1902 1903 1904 L LLiL TRADINGPROFIT/-LOSS (NOTE 1) 93379 88628 159762 153081 152581 EXCEPTIONALITEMS (NOTE 2) -165 DEPRECIATION(NOTE3) -36045 -30746 -58955 -62683 -32092 BANKINTEREST -4588 798 2049 5500 3211 DEBENTUREINTEREST -16250 -16250 -16250 -16000 -15885 TAXATION -1000 -1500 -3000 -3000 -4000 NETPROFIT/-LOSS FORYEAR 35496 40765 83606 76898 103815 CHEPSTOWPROFIT/-LOSS (NOTE 4) BALANCEBROUGHT FORWARD 15780 6276 2041 20647 12545 CAPITALRESERVE REVENUERESERVES -10000 -10000 -20000 -20000 -10000 PREFERENCEDIVIDEND -15000 -15000 -15000 -15000 -15000 ORDINARYDIVIDEND -20000 -20000 -30000 -50000 -50000 BALANCECARRIED FORWARD 6276 2041 20647 12545 41360

YEAR-ENDBALANCE SHEET

FORMATIONEXPENSES FIXEDASSETS ATSTART OF YEAR 755673 734228 708983 691026 685923 NETADDITIONS (NOTE 5) 8555 -245 35543 52397 8786 PROVISIONFORDEPRECIATION -30000 -25000 -53500 -57500 -27500 ATEND OF YEAR 734228 708983 691026 685923 667209 STEAMERS 80685 74100 68645 98462 48870 ASSOCIATEDCOMPANIES (NOTE 6) TRADEINVESTMENTS 17461 17496 18696 19296 19296

INVENTORIES 198027 227168 200716 386360 221851 DEBTORS 64282 55878 140978 20149 114140 GOVERNMENTSTOCK BANKAND CASH 32007 545 11949 825 50313 294316 283591 353643 407334 386304 CREDITORS -230414-182129 -191363 -263470 -140319 TAXATIONRESERVE (NOTE 7) BANKLOANS AND OVERDRAFTS NETCURRENT ASSETS 63902 101462 162280 143864 245985 CHEPSTOW(NOTE8) CAPITALEMPLOYED 896276 902041 940647 947545 981360 SOURCEOFFUNDS ORDINARYSHARES (NOTE 9) 250000 250000 250000 250000 250000 CAPITALRESERVE (NOTE 10) GENERALRESERVE 40000 50000 70000 90000 100000 CONTINGENCYACCOUNT (NOTE 11) PROFITAND LOSS ACCOUNT 6276 2041 20647 12545* 41360 296276 302041 340647 352545 391360 PREFERENCESHARES (NOTE 12) 250000 250000 250000 250000 250000 DEBENTURES(NOTE13) 350000 350000 350000 345000 340000 SINKINGFUND 896276 902041 940647 947545 981360 APPENDIXIIb continued FAIRFIELDSHIPBUILDING & ENGINEERING CO.LTD

YEARTO 30TH JUNE 1905 1906 1907 1908 1909 Lz LLL TRADINGPROFIT/-LOSS (NOTE 1) 96434 165282 149220 103190 157428 EXCEPTIONALITEMS (NOTE 2) -1000 -816 -31247 -30000 -20000 DEPRECIATION(NOTE3) -54950 -29920 -19700 -29007 -37800 BANKINTEREST 7036 5641 4792 -412 -10254 DEBENTJREINTEREST -15635 -15385 -18962 -23750 -23750 TAXATION -4000 -6000 -6000 -3200 -5200 NETPROFIT/-LOSS FORYEAR 27885 119002 68103 16821 60424 CHEPSTOWPROFIT/-LOSS (NOTE 41, BALANCEBROUGHT FORWARD 41360 4245 33247 11350 671 CAPITALRESERVE REVENUERESERVES PREFERENCEDIVIDEND -15000 -15000 -15000 -15000 -15000 ORDINARYDIVIDEND -50000 -75000 -75000 -12500 -12500 BALANCECARRIED FORWARD 4245 33247 11350 671 33595

YEAR-ENDBALANCE SHEET

FORMAT10NEXPENSES FIXEDASSETS ATSTART OF YEAR 667209 670612 693030 718787 696395 NETADDITIONS (NOTE 5) 55903 49918 53257 4115 -1452 PROVISIONFORDEPRECIATION -52500 -27500 -27500 -26507 -32500 ATEND OF YEAR 670612 693030 718787 696395 662443 STEAMERS 46420 44000 41800 39300 48209 ASSOCIATEDCOMPANIES (NOTE 6) 187500 293303 310000 325000 TRADEINVESTMENTS 18296 17720 17570 18560 18560

INVENTORIES 32123 154467 191622 282455 348285 DEBTORS 78538 36402 77994 88517 354890 GOVERNMENTSTOCK BANKAND CASH 249861 57129 360522 247998 269816 370972 703175 CREDITORS -156605-227001 TAXATIONRESERVE (NOTE 7) -167113-179100 -305095 BANKLOANS AND OVERDRAFTS -44953-159737 -325118 NETCURRENT ASSETS 203917 20997 37750 32135 72962 CHEPSTOW(NOTE 8) CAPITALEMPLOYED 939245 9632471109210 1096390 1127174 SOURCEOFFUNDS ORDINARYSHARES (NOTE 9) 250000 250000 250000 250000 250000 CAPITALRESERVE (NOTE 10) GENERALRESERVE 100000 100000 100000 100000 100000 CONTINGENCYACCOUNT (NOTE 11) PROFITAND LOSS ACCOUNT 4245 33247 11350 671 33595 354245 383247 361350 350671 383595 PREFERENCESHARES (NOTE 12) 250000 250000 250000 250000 250000 DEBENTURES(NOTE13) 335000 330000 500000 500000 500000 SINKINGFUND -2140 -4281 -6421 939245 9632471109210 1096390 1127174 APPENDIXlIb continued FAIRFIELDSHIPBUILDING & ENGINEERING CO.LTD

YEARTO 30TH JUNE 1910 1911 1912 1913 1914 L LLLL

TRADINGPROFIT/-LOSS (NOTE 1) 53652 125917 -4013 106061 45660 EXCEPTIONALITEMS (NOTE 2) 46000 1040 DEPRECIATION(NOTE3) -38907 -22033 -3108 -7500 -2237 BANKINTEREST -8006 -7670 -17392 -21508 -15748 DEBENTUREINTEREST -23750 -23750 -23750 -23750 -23750 TAXATION -5000 -5000 -3000 -1250 NETPROFIT/-LOSS FORYEAR 23989 67464 -50223 52053 3925 CHEPSTOWPROFIT/-LOSS (NOTE 4) BALANCEBROUGHT FORWARD 33595 30084 70048 4825 16878 CAPITALRESERVE REVENUERESERVES -25000 PREFERENCEDIVIDEND -15000 -15000 -15000 -15000 -15000 ORDINARYDIVIDEND -12500 -12500 BALANCECARRIED FORWARD 30084 70048 4825 16878 5803

YEAR-ENDBALANCE SHEET

FORMATIONEXPENSES FIXEDASSETS ATSTART OF YEAR 662443 636765 658145 664550 677226 NETADDITIONS (NOTE 5) 6822 38880 6405 20176 4875 PROVISIONFORDEPRECIATION -32500 -17500 -7500 ATEND OF YEAR 636765 658145 664550 677226 682101 STEAMERS 41802 37269 34161 34161 31924 ASSOCIATEDCOMPANIES (NOTE 6) 340500 385809 441809 510459 516609 TRADEINVESTMENTS 226097 222154 220151 218347 218376

INVENTORIES 299259 271679 355837 358354 247873 DEBTORS 67034 80ý'155 51906 97441 67386 GOVERNMENTSTOCK BANKAND CASH 4533 366293 351934 407743 455795 319792 CREDITORS -305865-196606 -363474 -323198 -244032 TAXATIONRESERVE (NOTE 7) BANKLOANS AND OVERDRAFTS -184070 -300021 -313960 -447313 -413000 NETCURRENT ASSETS -123642-144693 -269691 -314716 -337240 CHEPSTOW(NOTE 8) CAPITALEMPLOYED 11215221158684 1090980 1125477 1111770 SOURCEOFFUNDS ORDINARYSHARES (NOTE 9) 250000 250000 250000 250000 250000 CAPITALRESERVE (NOTE 10) GENERALRESERVE 100000 100000 100000 125000 125000 CONTINGENCYACCOUNT (NOTE 11) PROFITAND LOSS ACCOUNT 30084 70048 4825 16878 5803 380084 420048 354825 391878 380803 PREFERENCESHARES (NOTE 12) 250000 250000 250000 250000 250000 DEBENTURES(NOTE13) 500000 500000 500000 500000 500000 SINKINGFUND -8562 -11364 -13845 -16401 -19033 11215221158684 1090980 1125477 1111770 APPENDIXIIb continued FAIRFIELDSHIPBUILDING & ENGINEERING CO.LTD

YEARTO 30TH JUNE 1915 1916 1917 1918 1919 LLILL TRADINGPROFIT/-LOSS (NOTE 1) 343155 249442 395620 544812 377526 EXCEPTIONALITEMS (NOTE 2) -71250 24094 DEPRECIATION(NOTE3) -78422 -57210 -54545 -24486 -38614 BANKINTEREST -21042 -17205 -11440 4165 17946 DEBENTUREINTEREST -23750 -23750 -23750 -23750 -23750 TAXATION -81000 -95000-225000 -500000 -205000 NETPROFIT/-LOSS FORYEAR 67691 56277 80885 741 152202 CHEPSTOWPROFIT/-LOSS (NOTE 4) BALANCEBROUGHT FORWARD 5803 24744 32271 58156 18897 CAPITALRESERVE REVENUERESERVES -15000 -15000 -15000 -89231 PREFERENCEDIVIDEND -15000 -15000 -15000 -15000 -15000 ORDINAýYDIVIDEND -18750 -18750 -25000 -25000 -25000 BALANCECARRIED FORWARD 24744 32271 58156 18897 41868

YEAR-ENDBALANCE SHEET

FORMATIONEXPENSES FIXEDASSETS ATSTART OF YEAR 682101 632735 588702 657509 799483 NETADDITIONS (NOTE 5) 14056 8177 118352 166460 77289 PROVISIONFORDEPRECIATION -63422 -52210 -49545 -24486 -38614 ATEND OF YEAR 632735 588702 657509 799483 838158 STEAMERS 16924 11447 5009 ASSOCIATEDCOMPANIES (NOTE 6) 485359 327909 327409 326909 291159 TRADEINVESTMENTS 178376 178094 178094 178094 16578

INVENTORIES 694398 732486 7569631107786 889892 DEBTORS 261236 258365 567504 166941 302351 GOVERNMENTSTOCK 190000 190000 188955 BANKAND CASH 33042 42011 105138 126899 9886761032862 1514467 1569865 1508097 CREDITORS -686070-643280 -754868 -563347 -518290 TAXATIONRESERVE (NOTE 7) -80000 -80000-280000 -740000 -471340 BANKLOANS AND OVERDRAFTS -393000 -253000 -446877 -412483 -396691 NETCURRENT ASSETS -170394 56582 32722-145965 121776 CHEPSTOW(NOTE 8) CAPITALEMPLOYED 11430001162734 1200743 1158521 1267671 SOURCEOFFUNDS ORDINARYSHARES (NOTE 9) 250000 250000 250000 250000 250000 CAPITALRESERVE (NOTE 10) GENERALRESERVE 140000 155000 170000 170000 170000 CONTINGENk','Y ACCOUNT (NOTE 11) 89231 PROFITAND LOSS ACCOUNT 24744 32271 58156 18897 41868 414744 437271 478156 438897 551099 PREFERENCESHARES (NOTE 12) 250000 250000 250000 250000 250000 DEBENTURES(NOTE13) 500000 500000 500000 500000 500000 SINKINGFUND -24537 -27413 -30376 -33428 1143000-217441162734 1200743 1158521 1267671 APPENDIXIIb continued FAIRFIELDSHIPBUILDING & ENGINEERING CO.LTD

YT:AR TO 30TH JUNE 1920 1921 1922 1923 1924 LzLLi TRADINGPROFIT/-LOSS (NOTE 1) 335195 141268 275014 132661 19088 EXCEPTIONALITEMS (NOTE 2) 1366 -90000-133740 103161 14043 DEPRECIATION(NOTE3) -42242 -21450 -23106 -23406 BANKINTEREST 8649 13191 32399 -14644 -16489 DEBENTUREINTEREST -23750 -23750 -23750 -23750 -23750 TAXATION -176500 -18000 -32734 -36527 -14353 NETPROFIT/-LOSS FORYEAR 102718 1259 94083 137495 -21461 CHEPSTOWPROFIT/-LOSS (NOTE 4) BALANCEBROUGHT FORWARD 41868 75700 46038 110481 130836 CAPITALRESERVE -29965 -2140 -2140 -2140 -2140 REVENUERESERVES 1079 -1281 -100000 PREFERENCEDIVIDEND -15000 -15000 -15000 -15000 -15000 ORDINARYDIVIDEND -25000 -12500 -12500 BALANCECARRIED FORWARD 75700 46038 110481 130836 92235

YEAR-ENDBALANCE SHEET

FORMATIONEXPENSES FIXEDASSETS ATSTART OF YEAR 8381581015857 1065717 1051722 1446136 NETADDITIONS (NOTE 5) 219941 71310 9111 417820 2039 PROVISIONFORDEPRECIATION -42242 -21450 -23106 -23406 ATEND OF YEAR 10158571065717 1051722 1446136 1448175 STEAMERS ASSOCIATEDCOMPANIES (NOTE 6) 500863 28089 21888 TRADEINVESTMENTS 24048 28048 28845 30057 30057

INVENTORIES 1065119581882 463812 394300 257486 DEBTORS 34132 407008 186655 219216 256462 GOVERNMENTSTOCK BANKAND CASH 310331 84889 87047 54032 105665 14095821073779 737514 667548 619613 CREDITORS -752795-525733 -649690 -382221 -368725 TAXATIONRESERVE (NOTE 7) -362840-336340 -299340 -299340 -299340 BANKLOANS AND OVERDRAFTS NETCURRENT ASSETS 293947 211706-211516 -14013 -48452 CHEPSTOW(NOTE8) CAPITALEMPLOYED 13338521305471 1369914 1490269 1451668 SOURCEOFFUNDS ORDINARYSHARES (NOTE 9) 250000 250000 250000 250000 250000 CAPITALRESERVE (NOTE 10) 36571 39809 43143 46578 50116 GENERALRESERVE 200000 200000 200000 200000 200000 CONTINGENCYACCOUNT (NOTE 11) 58152 59433 59433 159433 159433 PROFITAND LOSS ACCOUNT 75700 46038 110481 130836 92235 620423 595280 663057 786847 751784 PREFERENCESHARES (NOTE 12) 250000 250000 250000 250000 250000 DEBENTURES(NOTE13) 500000 500000 500000 500000 500000 SINKINGFUND -36571 -39809 -43143 -46578 -50116 13338521305471 1369914 1490269 1451668 APPENDIXIlb continued FAIRFIELDSHIPBUILDING & ENGINEERING CO.LTD

YEARTO 30TH JUNE 1925 1926 1927 1928 1929 zL LLL TRADINGPROFIT/-LOSS (NOTE 1) 100944 39282 67400 48538 43277 EXCEPTIONALITEMS (NOTE 2) -69907 -21224 58343 -32937 DEPRECIATION(NOTE3) -10000 -38897 -52027 BANKINTEREST -4676 3409 574 1892 12145 DEBENTUREINTEREST -23750 -23750 -23750 -23750 -23750 TAXATION -19399 -2216 333796 NETPROFIT/-LOSS FORYEAR -16988 -4499 34224 46126 280504 CHEPSTOWPROFIT/-LOSS (NOTE 4) -6610 -6045 -17819 -23377 BALANCEBROUGHT FORWARD 92235 97656 90630 88367 92034 CAPITALRESERVE -2140 -2140 -2140 -2140 -2140 REVENUERESERVES 52049 21223 -802 5000 -226545 PREFERENCEDIVIDEND -115000 .15000 -15000 -15000 -15000 ORDINARYDIVIDEND -12500 -12500 -12500 -12500 BALANCECARRIED FORWARD 97656 90630 88367 92034 92976

YEAR-ENDBALANCE SHEET

FORMATIONEXPENSES FIXEDASSETS ATSTART OF YEAR 14481751460492 1472342 1475634 1454356 NETADDITIONS (NOTE 5) 12317 11850 13292 27619 6685 PROVISIONFORDEPRECIATION -10000 -48897 -52027 ATEND OF YEAR 14604921472342 1475634 1454356 1409014 STEAMERS ASSOCIATEDCOMPANIES (NOTE 6) 21180 TRADEINVESTMENTS 35057 34657 39457 21141 18966

INVENTORIES 307736 333910 359830 280427 289217 DEBTORS 160594 66197 2D9611 47375 111855 GOVERNMENTSTOCK BANKAND CASH 97788 99087 109325 191268 194973 566118 499194 678766 519070 596045 CREDITORS -478467 TAXATIONRESERVE (NOTE 7) -457026-658716 -452895 -517700 BANKLOANS AND OVERDRAFTS -299340 -277212 -277212 -277212 NETCURRENT ASSETS -211689-235044 -257162 -211037 78345 CHEPSTOW(NOTE8) 100000 104836 117401 109537 95159 CAPITALEMPLOYED 14050401376791 1375330 1373997 1601484 SOURCEOFFUNDS ORDINARYSHARES (NOTE 9) 250000 250000 250000 250000 250000 CAPITALRESERVE (NOTE 10) 53759 57513 6137B 65360 69461 GENERALRESERVE 200000 200000 200000 200000 200000 CONTINGENCYACCOUNT (NOTE 11) 107384 86161 66963 81963 308508 PROFITAND LOSS ACCOUNT 97656 90630 88367 92034 92976 708799 684304 686708 689357- 920945 PREFERENCESHARES (NOTE 12) 250000 250000 250000 250000 250000 DEBENTURES(NOTE13) 500000 500000 500000 500000 50020GU SINKINGFUND -53759 -57513 -61378 -65360 -69461 14050401376791 1375330 1373997 1601484 APPENDIXIlb continued FAIRFIELDSHIPBUILDING & ENGINEERING CO.LTD

YEARTO 30TH JUNE 1930 1931 1932 1933 1934 LLLLL TRADINGPROFIT/-LOSS (NOTE 1) -131442 6591 -31263 21839 -16962 EXCEPTIONALITEMS (NOTE 2) DEPRECIATION(NOTE3) BANKINTEREST 12613 -6006 -14434 -14148 -3501 DEBENTUREINTEREST -23750 -23750 -23750 -23750 -22172 TAXATION -1540 1808 3179 880 1351 NETPROFIT/-LOSS FORYEAR -144119 -21357 -66266 -15179 -41304 CHEPSTOWPROFIT/-LOSS (NOTE 4) -14988 -15270 -11418 -6068 -1535 BALANCEBROUGHT FORWARD 92976 66729 43233 23407 20 CAPITALRESERVE -2140 -2140 -2140 -2140 REVENUERESERVES 150000 15271 60000 -214050000 PREFERENCEDIVIDEND ORDINARYDIVIDEND -15000 BALANCECARRIED FORWARD 66729 43233 23407 20 5041

YEAR-ENDBALANCE SHEET

FORMATIONEXPENSES FIXEDASSETS ATSTART OF YEAR 14090141411025 1416160 1418785 1420032 NETADDITIONS (NOTE 5) 2011 5135 2625 1247 -29942 PROVISIONFORDEPRECIATION ATEND OF YEAR 1411025141616U 1418785 1420032 1390090 STEAMERS ASSOCIATEDCOMPANIES (NOTE 6) TRADEINVESTMENTS 19016 19059 19059 19059 19059

INVENTORIES 182629 165656 144478 160042 66562 DEBTORS 91493 43093 20503 23372 24943 GOVERNMENTSTOCK BANKAND CASH 66612 851 868 570 484 340934 209600 165849 183984 91989 CREDITORS -437370 -96281-103726 TAXATIONRESERVE (NOTE 7) -130427-110031 BANKLOANS AND OVERDRAFTS -249229-278953 -300039 -282925 NETCURRENT ASSETS -96436-137910 -216830 -246482 -300967 CHEPSTOW(NOTE 8) 91632 89161 85630 90648 90096 CAPITALEMPLOYED 14252371386470 1306644 1283257 1198278 SOURCEOFFUNDS ORDINARYSHARES (NOTE 9) 250000 250000 250000 250000 250000 CAPITALRESERVE (NOTE 10) 73686 78036 84115 88827 93664 GENERALRESERVE 200000 200000 200000 200000 200000 CONTINGENCYACCOUNT (NOTE 11) 158508 143237 63237 83237 33237 PROFITAND LOSS ACCOUNT 66729 43233 23407 20 5041 748923 714506 640759 622084 561942 PREFERENCESHARES (NOTE 12) 250000 250000 250000 250000 250000 DEBENTURES(NOTE13) 500000 500000 500000 500000 460000 SINKINGFUND -73686 -78036 -84115 -88827 -93664 14252371386470 1306644 1283257 1198278 APPENDIXIIb continued FAIRFIELDSHIPBUILDING & ENGINEERING CO.LTD

YEARTO 30TH JUNE 1935 1936 1937 1938 1939 L LLEi TRADINGPROFIT/-LOSS (NOTE 1) 62394 74196 219299 290010 751882 EXCEPTIONALITEMS (NOTE 2) -145000 DEPRECIATION(NOTE3) -35000 -35000 -7UOOO-70000 -140000 BANKINTEREST -2113 -6876 -5848 498 5996 DEBENTUREINTEREST -21950 -21950 -21950 -21950 -21950 TAXATION 427 -40000-350000 NETPROFIT/-LOSS FORYEAR -141242 10370 121501 158558 245928 CHEPSTOWPROFIT/-LOSS (NOTE 4) 798 8015 12368 15152 20871 BALANCEBROUGHT FORWARD 5041 7457 11939 23668 20238 CAPITALRESERVE -2140 REVENUERESERVES 145000 -2140 -2140 -21401 -2140 PREFERENCEDIVIDEND -11763-105000 -145000 -150000 ORDINARYDIVIDEND -15000-30000 -90000 BALANCECARRIED FORWARD 7457 11939 23668 20236 44897

YEAR-ENDBALANCE SHEET

FORMATIONEXPENSES FIXEDASSETS ATSTART OF YEAR 13900901355090 1327303 1275078 1255050 NETADDITIONS (NOTE 5) 7213 17775 49972 31808 PROVISIONFORDEPRECIATION -35000 -35000 -70000 -70000-140000 ATEND OF YEAR 13550901327303 1275078 1255050 1146858 STEAMERS ASSOCIATEDCOMPANIES (NOTE 6) TRADEINVESTMENTS 19059 18491 18491 26205 26197

INVENTORIES 170760 190370 195899 199553 295439 DEBTORS 84320 94414 40227 51686 93972 GOVERNMENTSTOCK BANKAND CASH 717 245 15566 37468 506000 255797 285029 251692 288709 895411 CREDITORS -350082-606783 -493978 -366847 -363031 TAXATIONRESERVE (NOTE 7) -40000-390000 BANKLOANS AND OVERDRAFTS -316064 -58510 NETCURRENT ASSETS -410349-380264 -242286 -118138 142380 CHEPSTOW(NOTE 8) 91894 106409 137385 167121 189462 CAPITAL EWLOYED 10556941071939 1186668 1330238 1504897 SOURCEOFFUNDS ORDINARYSHARES (NOTE 9) 250000 250000 250000 250000 250000 CAPITALRESERVE (NOTE 10) 98663 103812 109114 114575 120201 GENERALRESERVE 55000 55000 55000 100000 200000 CONTINGENCYACCOUNT (NOTE 11) 33237 45000 150000 250000 300000 PROFITAND LOSS ACCOUNT 7457 11939 23668 20238 44897 444357 465751 587782 734813 915098 PREFERENCESHARES (NOTE 12) 250000 250000 250000 250000 250000 DEBENTURES(NOTE13) 460000 460000 460000 460000 460000 SINKINGFUND -98663-103812 -109114 -114575 -120201 10556941071939 1188668 1330238 1504897 APPENDIXElIb contiued

NOTESON ACCOUNTS

1) See Appendix ElIc 2) See Appendix EIId

3) Depreciation comprises both amounts written off Fixed Assets and amounts written off Steamers. 4) ChepstowProfit/-Loss is stated net of amounts written off Chepstowfixed assets 5) See Appendix Elle

6) Associated Companiescomprise 1906-1919 Coventry OrdnanceWorks Co. Ltd. 1922-1925 Northumberland Shipbuilding Co. Ltd. 7) Tax Reserves comprise provisions for Excess Profits Tax less payments on account.

8) Assets employed at Chepstowcomprise net fixed assets, inventories. debtors and cash less creditors. 9) 25,000 Ordinary Shares of LIO each. 10) Capital Reserve represents sum of charges to the Profit & Loss Account in respect of the Sinking Fund on Debentures plus accrued interest on the Sinking Fund. 11) Up to the final settlement of wartime taxation, the balance of Contingency Account excluding amounts provided for taxation. (See Notes on Sources, EIIa above) 12) 250,000 6,a Cumulative Preference Shares of Ll each. 13) a) L250,000 4 1/2 ',, First Debenture issued 1889-1890. (L40,000 redeemed1933-34) b) L100,000 5,10Second Debenture issued in 1897-98.

( L5,000 per annumredeemed in each of the four years 1902-03 to 1905-06 and the balance in 1906-07) c) L250,000 5,Wv 'A' Debenture issued in 1906-07. APPENDIXIlc FAIRFIELD- DETAILSOF TRADINGPROFIT YEARTO SHIPYARD ENGI NE 0THER CONTRACT BONUSE S STEAMERSASSOCIATE INVESTMENT DIRECTORS SUNDRIES T0TAL 3UTH JUNE W0RKS DEPARTMENTSADJUSTmENTS COMPANIES I NCOME FEES, iIiiLizLiLL

1890 2135 54563 16533 -1865 -1200 191 70357 lb91 20493 33527 3528 13192 -1500 -16 69224 1892 -7181 46924 22664 11568 4130 -1800 27 72602 1893 -4729 2122 19878 661 -1801) 2 16134 1894 -63335 43918 3205 -500 E57 -1679 15 -17519 1fi 95 6815 22730 94,25 -2968 H46 -1396 193 35625 1b96 33346 30753 17045 -5312 693 -1500 20 75245 1897 3U2b1 42053 11937 -1500 -60 29 661 -1541 20 75G82 1898 46276 50761-1 12876 -705 2765 496 -1444 -445 110579 1899 31111 37546 16242 -1U20 598 -1300 42 83219 1900 6140 72710 21548 -53 OL) -1652 1052 -1200 81 93379 1901 19743 67798 9738 2945 - 50OU -6495 1157 -1283 25 86628 1902 95944 68732 11261 -11936 -4U63 1240 -1500 84 159762 1903 67583 78323 24396 -13UUO -3877 1142 -1500 14 153081 1904 97676 66046 7285 -120011 -5400 839 -1875 10 152581 19(115 77036 23133 4929 -10000 2277 992 -1950 17 96434 1906 - 100120 91739 2855 -15000 -20U00 6201 -86 2058 -2400 -2U5 165282 1907 86U55 49779 15000 -1401JO 6253 7187 1142 -2117 -79 149220 1908 54773 40682 -1948 11193 829 -2140 -199 103190 19(19 59905 101368 670 -8000 58 5147 661 -2194 -187 157428 1910 49250 5197 -4000 1587 2919 992 -2100 -193 53652 1911 217 40 1U0401 -7 500 353 6051 7162 -21 no -191) 125917 1912 -3 5125 12285 3108 8007 9992 -2100 -180 -4013 1913 55122 46872 -7000 -4740 8007 10154 -2175 -179 106061 1914 -20817 53668 -2U00 2237 4350 10389 -2000 -167 45660 APPENDIXIIc contin uf-d FAIRFIELD- DETAILSOF TRADINGPROFIT YEARTO SHIPYARD ENGINE0 THER CONTRACT BONUSES STEAMERSASSOCIATE INVES TME NT DIRECTORSSUNDRIES T0TAL 30TH JUNE WORKS DEPARTMENTSADJUSTMENTS COMPANI ES INCOME FEES LLzL Ic LLLzLz 1915 173757 179296 -4966 -20000 -8455 16144 9980 -2400 -201 343155 1916 18857 240858 -4037 -200IJ 0 -4329 105041 li 064 -2275 -200 249442 1917 229174 1960139 -292 -40000 -1986 4338 10896 -2400 -199 395620 1918 3297U1 223450 -20000 -930 4305 1U887 -2400 -201 544812 1919 164309 193772 -251) 0U 16305 23306 7388 -2375 -179 377526 1920 238040 122560 623 2553 335195 -250004.000 -2170 -1411 1921 94817 69282 -2 2 2563 -4375 961 141268 1922 197147 102372 -22000 2289 -45b0 -294 275014 1923 113979 41521 -22000 3402 -40110 -301 132661 1924 28423 -25901 14023 3020 -2696 2219 19088 1925 106352 911 1621 -2659 -5281 100944 1926 30928 14891 -4UOO 2009 -2500 -2046 3928 2 1927 24391 49609 -4000 1949 -2500 -2049 67400 1928 8256 46931 -4 000 2597 -2500 -2746 48538 1929 32958 27243 -4128 -10515 2264 - 21500 -21145 43277 1930 -63509 -66589 2916 -2212 -2 (148 -131442 1931 -13670 -979 22865 2429 6591 15411 -2U00 -2054 1932 -32969 -13751 2028 -2000 18 -31263 1933 397 17241 3848 2429 21839 10591 -2000 -76 1934 -24463 -3510 2427 -2000 -27 -16982 5387 1935 52473 11177 -2000 3677 -2001) -6320 62394 1936 4364 59432 14739 -450U 2521 74196 15IJ08 -2317 -43 1937 69788 147743 -14001) 2634 -2 5tJ() 626 219299 1938 142161 15UU50 10607 - 140 UO 3202 240 290011) 5692 -2250 1939 342014 423616 -25000 58IJ 5 -1970 1725 751882 APPENDIXElld

FAIRFIELD- EXCEPTIONAL ITEMS zi

1889-1890FORMATION EXPENSES WRITTEN DOWN -1750 1890-1891FORMATION EXPENSES WRITTEN DOWN -1000 1891-1892FORMATION EXPENSES WRITTEN DOWN -1000 1893-1894 SETTLEMENTOFCUNARD CLAIM -30000 AMOUNTPAID IN BYSIR WILLIAM AND LADY PEARCETOCOVER TOTAL LOSSES ONCUNARD CONTRACT 90000 60000

1894-1895INVESTMENT WRITTEN DOWN (DREDGING) -421 1895-1896 FORMATIONEXPENSES WRITTEN DOWN -1000 INVESTMENTWRITTEN OFF (DREDGING) -500 -1500 1896-1897 FORMAT10NEXPENSES WRITTEN OFF -1000 INVESTMENTSWRITTEN OFF LONDON& EAST COAST STEAMSHIP CO. -376 PALACESTEAMERS LTD. -1544 -2920 1897-1896GENERAL PROVISION AUSAINST INVESTMENTS -1000 1900-1901INVESTMENT WRITTEN DOWN (PASS OF MELFORT) -165 1904-1905GENERAL PROVISION AGAINST INVESTMENTS -1000 1905-19U6INVESTMENT WRITTEN DOWN (PASS OF MELFORT) -816 1906-1907 INVESTMENTWRITTEN OFF (PASS OF MELFORT) -150 COSTOF ISSUE OF NEW DEBENTURE -11097 PROVISIONAGAINST LOSS ON REPOSSESSION OFS. S. VOLTURNO -20000 -31247 1907-1908PROVISION AGAINST LOSSES ONREPOSSESSION OFS. S. VOLTURNO,S.S. HELIOPOLIS, AND S.S. CAIRO -30000 1908-1909PROVISION AGAINST LOSSES ONREPOSSESSION OFS. S. VOLTURNO,5.S. HELIOPOLIS, AND S.S. CAIRO -20000 1909-1910PROVISION AGAINST LOSSES ONREPOSSESSION OFS. S. VOLTURNO,S.S. HELIOPOLIS, AND S.S. CAIRONO LONGER REQUIRED 46000 1911-1912PROVISION AGAINST LOSSES ONREPOSSESSION OFS. S. VOLTURNO,S.S. HELIOPOLIS, AND S.5. CAIRONO LONGER REQUIRED 1040 1914-1915INVESTMENTS WRITTEN DOWN COVENTRYORDNANCE WORKS LTD. ORDINARY -31250 CANADIANNORTHERN RAILWAYS 4'o'oDEBENTURES -40000 -71250 APPENDIXEIld continued LL 1918-1919 LOSSON SALE OF CANADIAN NORTHERN RAILWAYS4100DEBENTURES -15887 INVESTMENTIN COVENTRY ORDNANCE WORKS LTD. ORDINARYWRITTEN DOWN -36250 APPRECIATIONIN VALUE OF TIMBER STOCKS 42960 FIRECLAIM 23952 WARTIMESCRAP CREDITED TOSUSPENSE 5653 WARTIMESMITHY 'RESERVE' 3666 24094 1919-1920 BOOKLOSS ON RECONSTRUCTION OFCOVENTRY ORDNANCEWORKS LTD. -32909 GAINON DISPOSAL OFENGLISH ELECTRIC CO. ORDINARYSHARES 41750 LOSSON SALE OF WAR LOAN -7475 1366

1920-1921PROVISION AGAINST LOSSES ONCANCELLATION OFNORTHUMBERLAND GROUP'SSTEEL CONTRACTS -90000 1921-1922PROVISION AGAINST LOSSES ONCANCELLATION OFNORTHUMBERLAND GROUPSSTEEL CONTRACTS -133740 1922-1923 PROVISIONAGAINST TOTAL LOSS OF INVESTMENT IN NORTHUMBERLANDSHIPBUILDING CO. -400000 SURPLUSONREVALUATION OFFIXED ASSETS 400000 SETTLEMENTOFWARTIME ADMIRALTY CLAIMS 103161 103161

1923-1924SETTLEMENT OFWARTIME ADMIRALTY CLAIMS 14043 1924-1925 LOSSON CANCELLED TANKER CONTRACT (GLOBE) -17858 SETTLEMENTOFCANADIAN PACIFIC CLAIM -52049 -69907 1925-1926BALANCE OFLOAN TO NORTHUMBERLAND SHIPBUILDINGCO.WRITTEN OFF -21224 1927-1928 BALANCEOFPROVISION AGAINST LOSSES ON CANCELLATIONOFNORTHUMBERLAND GROUP'S STEELCONTRACTS NOTREQUIRED 63343 INVESTMENTIN MITCHELL THRUST BEARINGS LTD.ORDINARY SHARES WRITTEN DOWN -5000 58343

1928-1929 BALANCEOWED BYSPERLING & CO. WRITTEN OFF -22937 PAYMENTTOJAMES BARR & CO. -10000 -32937 1934-1935ANCHOR LINE BILLS WRITTEN OFF AS BAD DEBT -145000 APPENDIXIle FAIRFIELD- NETADDITIONS TO FIXED ASSETS YEARTO LAND BUILDINGS DOCK DOCK MACHINERYELECTRICS SUNDRIES HOUSES T0TA 30THJUNE IMPROVEMENTS Li iLL f- fi L 109u 21774 2Li 53 31753 555bo IF,91 13471) 44 8122 21636 1892 27950 12U 57 22140 62147 1893 6130 850 8405U 1H688 1894 437 5- 111 331 1895 619 4053 4672 1U962 196 1435 5178 8811 1897 -9U2 1132 96IJ 2 8752 1898 9ti u0 37035 21238 1L; 750 2138 8016 1 1899 109U8 -501 10315 201 22923 1900 768 -503 7684 606 6555 1901 2028 -1003 -993 -277 -245 1902 9776 -986 22563 1690 2500 35543 1903 17590 4331 - 1063 17293,11980 2266 52397 1904 6523 -1446 1932 2640 -863 8786 1905 9589 - 1074 37152 6196 -676 4716 55903 19U6 -4323 18832 1362.ý 20782 6892 49918 1907 570 21311 20000 12441 23 -1088 53257 1908 -900 -1679 2475 5312 -1491 398 4115 1909 4431 -819 -3573 -1251 -240 -1452 1910 1521 -1037 8493 -1126 IU29 6822 1911 2117 -201 10000 26523 1204 38B80 1912 -763 -24 6459 -30 6405 1913 2078 3341 -2543 17279 2J 2017 6 1914 943 4026 -96 4875 APPENDIXIle continued FAIRFIELD- NETADDITION'S To FIXED ASSETS YEARTO LAND BUILDINGS DOCK DOCK MACHINERYELECTRICS SUNDRIES HOUSES TOT AL 3,,)TH JUNE IMPROVEMENTS

1915 5000 3206 -170 6U9 71 -78 14(i56 1916 14bi 00 49Of) -8 1cio -250,1 -12 2 8177 1917 H7753 3U343 256 118352 1918 53028 95643 7685 4854 5250 166460 1919 8427 9561 27899 1620 29182 600 77289

1920 92661 97169 57253 -378 -34560 7796 219941 1921 124091 -106730 50936 3013 71310 1922 8ý1189 3165 -2343 9111 1923 107 .)9 6556 -8 23 1378 17620 1924 1754 285 9039 1925 714 11510 93 12317 118513 1926 218 110851) 1927 13074 13292 1928 26402 1217 27619 1929 6685 6685 1930 2011 2011 1931 336 5299 -500 5135 19i2 2625 2625 1933 1247 1247 1934 5000 -2 -3942 -IG 1)() -29942 1935 1) 1936 2778 4435 7213 1937 -174 17351 598 17775 1938 6728 44646 6698 -10 1[ILI 49972 1939 1955 20649 9204 31808 APPENDIXEIII

J&G THOMSONLTD. / CLYDEBANKENGINEERING & SHIPBUILDINGCO. LTD./ JOHNBROWN & CO. LTD.

CONTENTS

a) Notes on sources. b) Annual Profit & Loss Accounts and Balance Sheets

with notes - 1891-1899. (1 &G ThomsonLtd. and the Clydebank Engineering & Shipbuilding Co. Ltd. ) c) Annual Profit & Loss Accounts and Balance Sheets

with notes - 1932-1939. (Clydebank division of John Brown & Co. Ltd. ) d) Details of Trading Profit 1891-1899in (b).

e) Estimated Trading Accounts 1900-1931 . f) Details of Trading Profit 1932-1939in (c).

6 g) Net Additions to Fixc%-4ýsqpts 1890-1939. APPENDIXE IlIa

C'-YDEER A%K

NIOTEON SOURCES

In the absence of private ledners and iournals, the accountS Of jNG

Ttionson ý- the C1 debank Engi to . and y nee ri rig 6, Shi Dbui I diriq Co td . are based entirelly on loose sets of accounts and workinG papers. Those

rel ati rig to J&G Thonson I-td which cover the si x years to 31st !,I@ rch lF96 taken f fi les 1(ý 15 int , are rom numbered 'to t)eUCSI/ 3/ Seri es . T.hose relating to the ClydebankL Engineering & Shipbuildir, aCtdo. frC)

the years lR96-97 and 1897-98 are taken from UCS 1/, 4/5S and fics i/4'/59

respectively while the accounts for trie year to 31st ",arch IF99 are taKen

from UCS 1/3/6. UD to 1P98-99 decisions on the allocation of the profit

and losG account balance approved at the subsecuent Annual General

Meeting are reflected in the followinc year'S accounts but no such check

exists for the year to 31sl March IP119. The accounts for 1&98-99 are

therfore draft accounts only.

Followinq John Brown & Co. 's takeover in IB99, Liydebank effectively lost its separate corriorate identity. While the Clydebank

IEnoineer"Inq & Shipbuildiný4 CCo. Ltd. remained in existence, the yard

trading operations were conducted as a branch of John Brown & Co. LId.

and no comparable accounts of the Clydebank division of John Brown have been found for the period from 1899 to 1931. Details of the trading accourits for the tt,,ree yea-, q to 31st March 1934 are to be found in workinq papers contained in U"S 1/7/5 and similar workine papers for eacn uf 11the followinq five years are to oe found irs HCS 1/7/1-2-3-4 and 6 respectively but full trial balances includ-, nq the all-important Head Office Account are only given for 1936-37,19 37 -3e and 193t. -3 `-

ý inu:, eý,, for the PrGfit_,; //-loý,;,,es lbefore deoreciation and losses on demoli tions for trie periods 1900 to 1910 and 11019to 1931 are cuoted in reports to Sheffield, the former on paqe 520 of IJCS 1/3i, /l arid the latter in the apperidi xL0the report dated 22rid January 193r in UCS1/2/1. N0 figures nave been founc! for tlie years 1911 to 1916 arid the fi gure fur I 1.5131310uotc C',,, ntJCS 1/2/1 is obvIouslv anestimatesinceIhe report p.redates tne year-end. On the assumption that overheads, other than depreciat ion and the cost of demolit ions etc., were recovered in full tnroug,ti contract and job costs, the author attempted to use the in fo rr-,at i or) given in Contract "-edgers ( UCS 1/63 /1 and LICS1/63 /2 ) and

Private AccoLint Copyi nq Books (UCS 1/26/1 to UCS i/26/ 3) to produce det2iled figurps comparable with those which are available from 1931-32 onwards. This proved to be impossi ble for the years 1920 onwards as UCS

1/63/2 does not always indicate the year in wrii-ch profitsý arid losses were taken but it did produce an analyis of the tradinq profits for týie years

ILT99to 19In which was in close accord With the figures qi ven in UCS

1/38/1 . This analysis and the unveri f iable figures for the period 1911 to 1916 are given in Appendix EIIIe.

(Note: Since preparing ttiiq appendix, additional material relatinq to CIý deb khab an becorr,, e a,,aj1abI f- at JoI in son, Fir th Prown ý-td .? SheFfirId. "1111iIf- th 4ýs new materizj I, whi the author has not had the opportunity to examine for himself , may necessitate some modif icatioris of the detai I contained in Appendix El IIe, the information provided therein is as complete as the data available to the author at the time of writinq allowed. ) APPENDIXIIIb 3&G THOMSONLTD./ CLYDEBANKENGINEERING & SHIPBUILDING CO.LTD. YEARTO 31ST MARCH 1891 1892 1893 1894

TRADINGPROFIT/-LOSS (NOTE 1) 33327 67091 37543 -26281 EXCEPTIONALITEMS (NOTE 2) DEPRECIATION -9102 -15763 -13756 BANKAND LOAN INTEREST -1319 350 400 -5047 DEBENTUREINTEREST -2755 -7173 -7000 -6788 TAXATION -683 -1904 -1167 NETPROFIT/-LOSS FORYEAR 20151 438A'12 15283 -39283 BALANCEBROUGHT FORWARD 5151 28973 29256 RESERVES ORDINARYDIVIDEND -15000 -20000 -15000 BALANCECARRIED FORWARD 5151 28973 29256 -10027

YEAR-ENDBALANCE SHEET

FIXEDASSETS ATSTART OF YEAR 312851 314402 321634 342458 NETADDITIONS (NOTE 3) 10653 22995 34580 14094 PROVISIONFORDEPRECIATION -9102 -15763 -13756 ATEND OF YEAR 314402 321634 342458 356552 TRADEINVESTMENTS 1936 1916 INVENTORIES 51263 46518 836D6 195607 DEBTORS 50619 398 5,01 69350 3465 SHORTTERM LOAN (NOTE 4) BANKAND CASH 75719 73379 31271 113 177601 159747 184227 199185 CREDITORS -86852 -56008 BANKLOANS AND OVERDRAFTS -106165-177780 NETCURRENT ASSETS 90749 103739 78062 21405 CAPITALEMPILOYED 405151 425373 422456 379873 SOURCEOFFUNDS ORDINARYSHARES (NOTE 5) 250000 250000 250000 250000 RESERVES PROFITAND LOSS ACCOUNT 5151 28973 29256 -10027 255151 278973 279256 239973 DEBENTURES(NOTE6) 150000 146400 143200 139900 405151 425373 422456 379873 APPENDIXIllb continued J&G THOMSONLTD./ r.'I-YDEBANK ENGINEERING & SHIPBUILDING CO.LTD. YEARTO 31ST MARCH 1895 1896 1897 1898 1899 ifILL TRADINGPROFIT/-LOSS (NOTE 1) 31567 86491 124302 140IJ08112362 EXCEPTIONALITEMS (NOTE 2) -70 -586 CT DEPREIATION -9421 -16485 -17247 -15560 -9421 BANKAND LOAN INTEREST -2723 -314 1528 1266 64 DEBENTUREINTEREST -6595 -6482 -5,078 -5842 -5888 TAXATION -385 -175 -637 -2427 -3469 NETPROFIT/-LOSS FORYEAR 12463 63035 101898 116859 93648 BAýANCEBROUGHT FORWARD -10027 2436 5471 7369 9228 RESERVES - 35000 -50000 -65000 ORDINARYDIVIDEND -25000 -50000 -50000 BkANCECARRIED FORWARD 2436 5471 7369 9228 102876

YEAR-ENDBALANCE SHEET

FIXEDASSETS ATSTART OF YEAR 356552 367147 358467 401280 459064 NETADDITIONS (NOTE 3) 20016 7805 60060 73344 113272 PROVISIONFORDEPRECIATION -9421 -16485 -17247 -15560 -9421 ATEND OF YEAR 367147 358467 401280 459064 562915 TRADEINVESTMENTS 1816 6386 8300 3100 3U84 INVENTORIES 136983 114946 -52568 -17374 137305 DEBTORS 9856 2741 21750 48013 3U194 SHORTTERM LOAN (NOTE 4) 50000 BANKAND CASH 1560 64606 186135 161772 61036 148399 182493 205317 192411 228535 CREDITORS -128826-124475 -143928 -120847 -169258 BAWLOAN'S AND OVERDRAFTS NETCURRENT ASSETS 19573 58018 61389 71564 59277 CAPITALEMPLOYED 388536 422871 470969 533728 625276 SOURCEOFFUNDS ORDINARYSHARES (NOTE 5) 250000 250000 250000 250000 250000 RESERVES 35000 85000 150000 150000 PROFITAND LOSS ACCOUNT 2436 5471 7369 9226 102876 252436 290471 342369 409228 502876 DEBENTURES(NOTE6) 136100 132400 128600 124500 122400 388536 422871 470969 533728 625276 APPENDIXEIIIb continued

NOTESON ACCOUNTS

1) See Appendix EIIId.

2) Amountswritten off Investments.

3) See Appendix E111g.

4) Loan to JamesWilson & Co.

5) 25,000 Ordinary Shares of LIO each.

6) 5110Mortgage Debenture. APPENDIXIIIc JOHNBROWN & CO. CLYDEBANK YEARTO 31ST MARCH 1932 1933 1934 1935 1936 1937 1938 1939 LLLiLLLL TRADINGPROFIT/-LOSS (NOTE 1) 38948 16187 -44394 29254 204924 218444 185049 274410 EXCEPTIONALITEMS (NOTE 2) 53000 I DEPRECIATION -17629 -17266 -16788 -16550 -20668 -21753 -29787 -44317 INTEREST 2386 -4869 -8297 -9332 -4397 -9768 -6814 -8621 PROFIT/-LOSSBEFORE TAX 23705 -5950 -16479 3372 179859 186923 146446 221472

YEAR-ENDBALANCE SHEET

FIXEDASSETS ATSTART OF YEAR 972669 960030 944734 935716 939840 937647 958918 966270 NETADDITIONS (NOTE 3) 4990 1972 7770 20674 18475 43024 37139 .45424 PROVISIONFORDEPRECIATION -17629 -17268 -16788 -16550 -20668 -21753 -29787 -44317 ATEND OF YEAR 960030 944734 935716 939840 937647 958918 966270 967377

INVENTORIES 146315 144349 146619 98689 74664 -4500 73950 -14170 DEBTORS 55634 98898 82727 BANKAND CASH 2231 305698 446631 53365 478546 517188 CREDITORS -198724 -324971 -442113 NETCURRENT ASSETS -145359 153575 75075 CAPITALEMPLOYED 8135591119845 1042452

SOURCEOFFUNDS HEADOFFICE ACCOUNT 8017041077517 1036677 OTHERGROUP SUBSIDIARIES 11855 42328 5775 APPENDIXEllIc continued

NOTESON ACCOUNTS

-1) See Appendix E Illf

2) Credit from WorkmensCompensation Fund.

3) See Appendix E IIIg APPENDIXElIld CLYDEBANK- DETAILS OF TRADING PROFIT

YEAR CONTRACTSVENDORS A/C WORKS MANAGERSMANAGERS PROFIT/-LOSS DIRECTORS SUNDRIES TRADING TO31ST PROFIT/-LOSSSALARIES BONUSES ON SALE OF & AUDIT PROFIT/ MARCH FIXEDASSETS FEES -LOSS & DEMOLITIONS

zLLL LLLz L 1891 29438 -8093 32775 -13285 -3000 -1328 -1000 -2180 33327 1892 83273 -7B79 10330 -13627 -3000 -1006 -1000 67091 1893 70346 -8674 -15177 -3000 -4952 -1000 37543 1894 -7040 -910 -4382 -13245 -750 46 -26281 1895 44844 2050 -12697 -1610 -1000 31587 1896 98805 11106 -17879 -3500 -844 -1250 53 86491 1897 124577 35131 -21793 -7750 -4013 -1850 124302 1898 176275 3756 -28999 -7750 -1425 -1850 140007 1899 142689 6599 -18747 -7750 -85179 -1850 112362 APPENDIXElIle CýYDEBANK- ESTIMATED TRADING ACCOUNTS YEARTO CONTRACTSMisc. SUNDRY RENTSINVESTMENT TRADING UNEXPLAINED PROFIT PER EXCEPTIONAl- DEPREC'N PROFIT/-I-OSS NETPROFIT 31STMARCH SALES SALES INCOMEPROFIT/ DIFFERENCEREPORTS ITEMS OFFIXED ON SAýE OF -1-OSS -1-OSS TOSHEFFIE! -D ASSETSFIXED ASSETS & DEHO'-ITION

LLLLLLLLLLiL 1900 93913 93913 -381 93532 -22200 71332 1901 67715 2907 70622 -16839 53783 -249 -21782 -1969 29783 1902 94059 4674 96733 2545 101278 -67 -49933 -8575 42703 112720 85052 1903 114317 -3131 111186 1534 -60 -19940 -7668 1904 15707 27183 42890 2447 45337 -54 -19946 -11211 14126 1905 108142 2241 2678 1813 48 114922 -15441 99481 -49 -19951 -6653 72828 1906 194670 1845 1793 48 198356 -371 197985 -44 -54956 -5975 137010 1907 105626 2583 1813 48 110070 1281 111351 -39 -19961 -10121 81230 1908 31650 4115 1829 48 15133 -4 15129 -36 -19964 -698 -5569 -22709 186443 179900 154287 1909 185114 -1861 1363 1779 48 -6543 -32 -19968 -5613 23501 1910 38141 991 -1890 1657 47 38946 5096 44042 -29 -19971 -541 1911 39409 2875 2001 1536 47 45868 -126 -19874 -31788 1912 3519 7057 2091 1584 47 14298 -20000 1913 4172 1739 47 -20908 -45000 -55 -9899 -16967 47 25606 1914 79119 -58457 3203 1694 -25000 1915 163461 8591 10616 1786 47 184501 -25000 1916 256235 382 9993 2527 33 269170 -52858 -9454 1917 173256 6052 22234 2950 204492 -50781 -5139 1916 276173 11450 17618 4400 309641 -50236 -7619 1919 236370 11733 19907 5087 273097 -45664 -2101 1920 319273 -43262 -241 275770 1921 188196 -46000 -9052 133144 1922 92664 -56444 -10274 25946 1923 81590 -27 -34973 -8946 37644 1924 70170 -26 -31974 -1203 36967 1925 68766 -17000 -1007 50759 1926 29444 -14000 11 15455 1927 20015 -13614 -91 6310 1928 52570 -17772 -126 34672 1929 18192 -17423 -378 391 1930 32353 -17602 -358 14393 1931 20000 -17479 -9639 -7118 APPENDIXElIlf CLYDEBANK- DETAILS OF TRADING PROFIT

YEAR CONTRACTSMISCELLANEOUS JOBBING CRANAGEREBATES OVERHEADS SUNDRIES PROFIT/-LOSS DIRECTORS RENTS TRADING TO31ST SALES WORK (UNDERV ONSALE OF & DEBENTURE PROFIT/ MARCH OVER FIXEDASSETS TRUSTEES FEES -LOSS RECOVERED & DEMOLITIONS

ii Ezii iEiz z

1932 28322 4308 3854 525 -552 -127 2618 38948 1933 3680 4909 4309 -41 656 2674 16187 1934 8073 1778 -19 -559B4 -1879 3637 -44394 1935 4748 7516 3793 10732 -844 -144 3453 29254 1936 121514 3632 6778 12046 58706 -283 -1494 4025 204924 1937 155000 9112 5854 5977 43413 -2500 -2181 3837 218512 1938 122607 5590 13240 1635 39597 -1864 4205 185010 1939 134697 1865 18286 4920 112715 107 -539 -1869 4194 274376 APPENDIXIllq CLYDEBANK- NET ADDITIONS TO FIXED ASSETS YEARTO GROUND RUILDINGS DOCK YARD MACHINERY HOUSES WORKS T0TAL 31STNARCH RAILWAY IMPROVEMENTS LLEL

1891 3463 2448 100 4641' ILI653 IH92 3082 12183 36 7694 22995 1893 8956 449 1797 23378 345HU 1894 5744 1()24 7320 6 14094 1895 7341 513 12162 20016 1h96 4032 3773 7805 1897 1910G7 21)387 1088 19578 611116 0 IH98 36811 41145 1905 26614 73344 1B99 16531 2934LJ 6431 42645 4226 13699 113272

1900 10715 10397 4411 1963 28984 -596 55874 1901 479 3724 342 8163 12708 19112 1344 16169 783 1288 28268 49852 1903 49 7521 6232 11 5481 19294 1904 4812 61 11949 9870 26692

1905 4003 12666 148 91 49574 -1392 65U90 1906 11619 12800 6 48338 402 73165 1907 7606 17058 28982 62 53708 1908 55 3765 5877 17 9714 1909 6315 -2741 54 3628 1910 776 186 5845 6807 1911 3348 42U83 543 5655 42028 9 3657 1912 755 33085 26763 5672 '1767 7 93952 4R 2 1013 -565 5983 1U58 4 16050 1914 112 112 APPENDIX11 Ig continued CLYDEBANK- NET ADDITIONS TO FIXED ASSETS YEARTO GR0UND BUIL DINGS DOCK YARD MACHINERY HOUSES W0RKS T0TAL 31STMARCH RAILVI'AY I MPROVEHIENiTS I f. LL 1915 500 15348 1584b 1916 8808 16911) 26449 52167 1917 5296 32U52 33366 70714 1918 204 180 -8391 32682 24675 1919 13631 1151 9036 18858 42678 1920 9073 42931 234 348b9 60;52 93179 1921 4374 R912 72 146 107U44 4-500 207191 1922 5395 262U7 316L) 2 1923 -3199 1924 2678 -5747 -8946 -3475 -797 1925 20 -54 30608 30574 1926 313 9340 9653 1927 -179 -179 1928 6804 6804 1929 3799 15201 19uu0 1930 749 10372 11121 1931 5984 17260 -13016 10228 1932 -100 5090 4990 1933 193 1779 1972 1934 7770 777U 5000 1935 -67 15741 2067 li 1936 -200 18675 18475 1937 43024 43U24 1938 37139 37139 1939 109 45315 45424 APPENDIXEIV

WlLLIAMBEARDMORE & CO. LTD. (SHIPBUILDING)

CONTENTS.

a) Notes on Sources.

b) Shipyard Trading Accounts 1901-1922.

c) Analysis of Dalmuir Trading Accounts 1923-1930.

d) Net Additions to Fixed Assets 1902-1930. APPENDIXElVa

NOTESON SOURCES

From the acquisition of the goodwill of Robert Napier & Sons business in 1900 to the closure of the Dalmuir shipyard in 1930, William Beardmore& Co. 's shipyard operated as a branch of its parent concern. In consequencethe shipyard never had a separate corporate identity and all that survives of its accounting records are schedules supporting the audited accounts of William Beardmore& Co. Ltd. Fortunately this material, contained in the business history records held by the University of Glasgow's Department of EconomicHistory under the reference UGD100/1/8/- , is exceptionally detailed both as regards the shipyard's trading accounts and its fixed assets. Nevertheless it suffers from two major defects. 1)From 1914 onwards the activities managedfrom Dalmuir included not only shipbuilding and marine engineering but also the manufacture of munitions, aircraft and locomotives. Up to 1922 the branch accounts are prepared in a form which permits t'he isolation of profits and losses attributable to non-shipbuilding activities but from 1923 onwards the trading accounts are prepared in a different form and the only available analysis of trading results for the period 1923-1930 is that contained in a retrospective analysis prepared for Securities ManagementTrust. This analysis, quoted

by Hume& Moss in "Beardmore- the History of a Scottish Industrial Giant" (Page 181), is useful as far as it goes

and, as shown in Appendix IVc below, the figures can be

reconciled with those given in the volumes of the UGD

100/l/8/- series but , at this time , Dalmuir Is trading accounts included a substantial volume of work on

aircraft contracts and the profits or losses on this

business are not shown separately.

2)Similarly, with regard to net additions to fixed assets,

the working papers do not always adequately distinguish

between sums expended on equipping the shipyard and

engine works and sums expended in providing facil'Lties

for the manufacture of munitions and aircraft. Further,

net additions to fixed assets at Dalmuir during and

after the First World War are distorted by transfers

between Dalmuir and other parts of William Beardmore & Co. in the UGD100/l/B Finally , in using the material contained series. it should be noted that the detailed schedules for the operating branches do not always give a full and final view of a branch Is profit or loss for the year . Someprovisions , presumably made after the branch accounts had been finalised, appear only in W'Ll'LiaMBeardmore & Co. 's profit and- loss to the S. S. WULSTY account , as do all of the charges relating this fitted CASTLE. The costs associated with vessel , with experimental Ljungstrom turbines and subsequently purchased by Beardmore's to enable them to be given a fair trial with the company's engineers aboard, (see UGD100/l/l/2 page 240) may be regarded as exceptional and they are so treated in Appendices

ElVb and EIVc below but there can be no doubt that they properly belong to Beardmore's shipbuilding activities. APPENDIX IVb E3EARDMORE'S S1IPYARD TRADING ACCOUNT 9Ut)-I922

OVEFHEAD YEAF CONTRACTS JOBBING EXPERIMENTAL DEPIs. SUNDRIES TRADING NON SHIPBUILDING ACTIVITIES EXCEPT'L HEAD OFFICE DEPREC'N PROFIT RECOVERY WORK PROFIT MUNITIONS AIRCRAFT LOC[)S ITEMS LXP[NSES /-tOSS ££ ££ ££££££££ £1

191)1 71i92 4490 121 -2928 8775 8775 1902 569 234 380 2572 -611 -108 5 1687 1903 46770 666 -3225 36719 -7130 -362 -1287 35432 I9UL4 6(1764 1183 -349tJ 49 823 -b634 -1466 48357

19(J5 3719 1545 2440 -2824 -57Th -938 -4276 19(16 0 4346 -15319 -4346 -15319 -5 319 19U7 1b4 3462 3912 -32382 -47 -4800 -500 -127492 -127492 1908 3964 1475 -12781 -54037 -2816 -64195 -64195 1909 615 -163 -311J8 -78 -45260 -493 -48487 -11072 -59559

1911J 30725 1357 1.373 6834 -55U6 -20777 -33B i -11277 19U 9963 758 938 -6307 1083 -iu: -4269 -4124 -3041 19 12 1 1U2 2B00 -25712 -142552 -5565 -1000 -170927 -31123 -202050 1913 753 711 -21J[JR1 -140994 -2526 -121U -163347 -30889 -194236 19 14 1198 1974 -23984 -1956 -22768 -30613 -533B1

915 79398 18213 95672 833 -939 -23B2 -78ß9 2734 1916 77816 6554 9359 4372 986B7 9333U -8L)OU -141 -73177 -480(14 7Ut36 1917 239322 44935 19U52 -2(1988 280313 78749 1272H -2UU8 -43473 328317 191U 334421 674 9549 333630 84054 53ÜU1 -3229 -7785 -39425 431260 1919 326423 6885L U224 382997 22497 100745 -5641 -17863 -35804 470435

1920 22529 20963 6813 -9892 -51635 -11222 -24111 -25933 -172356 -119200 -3264 -385386 1921 278861 40150 1D685 254125 82785 361 -3175U -431321 67137 -7349 397059 1922 322b38 1545 9079 -62L72 27U990 29341 27830 -1240 -2222 -5274 27985

APPENDIX IVc DALNUIR TRADING ACCOUNT 1923-1930

EXCEPTIONAL YLAR SHIPBUILDING ENGINE LOCOMOTIVE HEAD OFFICE DEPRECIATION PROFIT DALNUIR BEARDNORE DEPARTMENT DEPARTMENT DEPARTMENT ITEMS EXPENSES ! _LQ5S ACCOUNTS ACCOUNTS £££££££££

19 23 2U9 34 -297BR -2fl745 -2253 -45949 -778U -75548 -2253 1924 25146 I343 -223044 -1tJ7647 -1561 -64242 -37: -3697B7 -1561 1925 18709 -B725 -537U -11B46 -69921 -155713 -13R67 -11B46 1926 -134t326 -77622 -14123 -47485 -173U7 -291363 -2L3R78 -47485 1927 14734 -1[)U443 -25745 -166u3 -12JU57 -39427 -88631) 1928 -11360 -578 -1(J514 -19697 -37949 15991 -53940 1929 33789 77823 -33216 71396 79396 1930 -71328 -13779 -56399 -1421)06 -135888 -6118 APPENIDTXýý:JVd

REARDMORPS-1',IET ADDITION'S TO'IXEED ASSETS ýPER ACCOUNTS)

YEAe BL,'I,- DINGS r-'-A%! T& DOCK r1l%I S)TRY HOUSES MACHINERY IF MU%ITIONS ££ £££

19U2 1665 10U 62 205CI Ri2 2E 1903 -72 179 13 34501 396U3 92025 1904 19696 94574 152010 514 69 317749

9(15 1.6729 69885 161786 5448 5989 2591137 19G6 521 17-75 85614 4984 4279 113073 19C7 7433 3366 2)9495 3142 1477/7 5S. 215- ,906 -1295 847 2897 293 2163 4905 11909 29U 6155 -85 6301-) N 10 1-ý3 11(4.18591 -116 - 2,,,' 197f; 2 1911 1c2 12903 - 21ý 13985 19i2 7/22 23233 -2L, 23935 1913 4645 19339 2810 sSul 28674 191". 18P,5 29471 -2P 312 56 1915 5058C, 52555 38895 90171 18930 2'111131 1910 25C, 172 2fý 27351 146603 40610 232034 1917 46672 76790 -236774 32882 -78431) 1916 29507 116872 34913 16129 2 1919 51745 127625 37425 216795 1920 44757 277199 7227 3291P, 3 47772' 205138 2529 11.1

-260.1.6 -57U79 -63095 1921 2500 339 12' 5 151833 3944 192ý 2`2kl 1922 91) 1233 1325 1923 -191 -191 1924 10402 02

-3005 -198556 2015 61 1926 - 3881 1927 -105 -39571 N1464 161788 jy,ý8 -3679 - 3679 192? 2269 0 22690 1930 3948 3014P, APPENDIXEV

SCOTT'SSHIPBUILDING & ENGINEERINGCO. LTD.

CONTENTS

a) Notes on sources. b) Annual Profit & Loss Accounts and Balance

Sheetswith notes 1902-1939. c) Details of Trading Profit in (b).

d) Details of Shipyard profit/-loss in (c).

e) Details of Engine Works profit/-loss in (c).

f) Details of Exceptional Items in (b).

g) Details of Net Additions to Fixed Assets in (b). APPENDIXEVa

NOTESON SOURCES

The accounts of Scott's Shipbuilding & Engineering Co. Ltd. are extracted from the collection of business history records relating to the companyheld by the University of Glasgow's Department of EconomicHistory (general reference UGD319). Annual accounts covering the entire period from the formation of the companyin 1902 to 1939 are to be found in UGD 319/5/l/49-51. Read in conjunction with the supplementary papers catalogued as miscellaneous accounts paper UGD 319/5/2/23-45, these provide a very detailed picture both of the company's Trading and Profit & Loss Accounts and of its Balance Sheets. In addition the UGD319/6/- and UGD319/7/- series contain full sets of ledgers and journals respectively and full details of Fixed Assets are to be found in the private ledgers, UGD319/6/1/2 and 3 covering the shipyard and UGD 319/6/1/5 and 8 covering the engine works. The only gap in the company's record concerns someof the detail of the years 1902 and 1903. While the company's existence dates from Ist January 1902, the accounts for the first two years appear to have been prepared by combining the accounts of its constituent parts (Scott & Co. and the Greenock Foundry Co.) and making retrospective adjustments in respect of the capital reconstruction and the revaluation of fixed assets associated with it. In consequencesome of the detail relating to the first two years trading is unobtainable most notably the details of additions to fixed assets but in all other respects the company's accounts are remarkably complete. APPENDIXVb SCOTT'SSHIPBUILDING & ENGINEERING CO.LTD. YEARTO 31ST DECEMBER 1902 1903 1904 LiL TRADINGPROFIT/-LOSS (NOTE 1) 24573 60073 52808 EXCEPTIONALITEMS (NOTE 2) -5787 -5250 DEPRECIATION -7715 -32214 -282B7 BANKINTEREST -12082 -5140 -3446 DEBENTUREINTEREST -468 TAXATION 112 73 NETPROFIT/-LOSS FORYEAR 4776 37044 15430 BALANCEBROUGHT FORWARD 4776 12320 REVENUERESERVES PREFERENCEDIVIDEND -2000 -1000 ORDINARYDIVIDEND -27500 BALANCECARRIED FORWARD 4776 12320 26750

YEAR-ENDBALANCE SHEET

FORMATIONEXPENSES 741 758 FIXEDASSETS ATSTART OF YEAR 398930 425593 441347 NETADDITIONS (NOTE 3) 34378 47968.62005 PROVISIONFORDEPRECIATION -7715 -32214 -28287 ATEND OF YEAR 425593 441347 475065 TRADEINVESTMENTS 8965 4515 3265 INVENTORIES 177224 95880 83484 DEBTORS 17064 30146 5278 GOVERNMENTSTOCK BANKAND CASH 215 503 199 194503 126529 88961 CREDITORS -132756-178934 -94162 TAXATIONRESERVE (NOTE 4) BANKLOANS AND OVERDRAFTS -107737 -27272 -81638 NETCURRENT ASSETS -45990 -79677 -86839 CAPITAL EMPLOYED 389309 366943 391491 SOURCEOFFUNDS ORDINARYSHARES (NOTE 5) 275000 275000 275000 GENERALRESERVE GENERALRESERVE NO.2 SUSPENSEACCOUNT (NOTE 6) PROFITAND LOSS ACCOUNT 4776 12320 26750 279776 287320 301750 PREFERENCESHARES (NOTE 7) 25000 25000 25000 DEBENTURES(NOTE8) 16700 LOANS(NOTE 9) 84533 54623 48041 389309 366943 391491 APPENDIXVbcontinued SCOTT'SSHIPBUILDING & ENGINEERING CO.LTD YEARTO 31ST DECEMBER 1905 1906 1907 1908 1909 zLLLL

TRADINGPROFIT/-LOSS (NOTE 1) 107544 65475 -3175 16658 12570 EXCEPTIONALITEMS (NOTE 2) -672 DEPRECIATION -79711 -38797 -17440 -12546 -13765 BANKINTEREST -5811 -5619 -5395 -7751 -6962 DEBENTUREINTEREST -751 -751 -751 -751 -751 TAXATION -4849 -971 -1439 -1801 -891 NETPROFIT/-LOSS FORYEAR 15750 19337 -28200 -6191 -0,799 BALANCEBROUGHT FORWARD 26750 27750 21212 12 2821 REVENUERESERVES -18000 8000 10000 PREFERENCEDIVIDEND -1000 -1000 -1000 -1000 -1000 ORDINARYDIVIDEND -13750 -6875 BALANCECARRIED FORWARD 27750 21212 12 2821 -7978

YEAR-ENDBALANCE SHEET

FORMATIONEXPENSES FIXEDASSETS ATSTART OF YEAR 475065 420457 391478 378288 376525 NETADDITIONS (NOTE 3) 25103 9818 4250 10783 43009 PROVISIONFORDEPRECIATION -79711 -38797 -17440 -12546 -13765 ATEND OF YEAR 420457 391478 378288 376525 405769 TRADEINVESTMENTS 2530 2530 2530 5030 16771 INVENTORIES 229875 134817 94101 138112 124590 DEBTORS 16798 9228 33914 12467 16089 GOVERNMENTSTOCK BANKAND CASH 542 304 519 270 516 247215 144349 128534 150849 143195 CREDITORS -203628 -68780 -35752 -69628-135216 TAXATIONRESERVE (NOTE 4) BANKLOANS AND OVERDRAFTS -74083 -72235-105458 -106726 -85268 NETCURRENT ASSETS -30496 3334 -12676 -25505 -77289 CAPITALEMPLOYED 392491397342 368142 356050 345251 SOURCEOFFUNDS ORDINARYSHARES (NOTE 5) 275000 275000 275000 275000 275000 GENERALRESERVE GENERALRESERVE NO.2 18000 10000 SUSPENSEACCOUNT (NOTE 6) PROFITAND LOSS ACCOUNT 27750 21212 12 2821 -7978 302750 314212 285012 277821 267022 PREFERENCESHARES (NOTE 7) 25000 25000 25000 25000 25000 DEBENTURES(NOTE8) 16700 16700 16700 16700 16700 LOANS(NOTE 9) 48041 41430 41430 36529 36529 392491 397342 368142 356050 345251 APPENDIXVbcontinued SCOTT'SSHIPBUILDING & ENGINEERING CO.LTD YEARTO 31ST DECEMBER 1910 1911 1912 1913 1914 LiL LL TRADINGPROFIT/-LOSS (NOTE 1) 38129 -20651 6974 92795 71615 EXCEPTIONALITEMS (NOTE 2) -11217 -7969 -71 DEPRECIATION -13936 -11239 -11286 -11137 -10907 BANKINTEREST -6145 -12204 -16687 -18660 -13238 DEBENTUREINTEREST -751 -751 -751 -751 -751 TAXATION -231 -55 102 102 105 NETPROFIT/-LOSS FORYEAR 17066 -44900 -32865 54380 46753 BALANCEBROUGHT FORWARD -7978 1213 -44687 -78552 -25172 REVENUERESERVES PREFERENCEDIVIDEND -1000 -1000 -1000 -1000 -1000 ORDINARYDIVIDEND -6675 -13750 BALANCECARRIED FORWARD 1213 -44687 -78552 -25172 6831

YEAR-ENDBALANCE SHEET

FORMATIONEXPENSES FIXEDASSETS ATSTART OF YEAR 405769 409931 431509 449183 447904 NETADDITIONS (NOTE 3) 18098 32817 28960 9858 7256 PROVISIONFORDEPRECIATION -13936 -11239 -11286 -11137 -10907 ATEND OF YEAR 409931 431509 449163 447904 444253 TRADEINVESTMENTS 17299 23133 12465 5851 INVENTORIES 275668 319343 292138 173107 218412 DEBTORS 7322 15871 11997 27716 19635 GOVERNMENTSTOCK BANKAND CASH 324 435 504 1276 503 283314 335649 304639 202099 238550 CREDITORS -133047-208020 -193213 -125234 -119566 TAXATIONRESERVE (NOTE 4) BANKLOANS AND OVERDRAFTS -223055 -285729 -310397 -214563 -215177 NETCURRENT ASSETS -7278B-158100 -198971 -137698 -96193 CAPITALEMPLOYED 354442 296542 262677 316057 348060 SOURCEOFFUNDS ORDINARYSHARES (NOTE 5) 275000 275000 275000 275000 275000 GENERALRESERVE GENERALRESERVE NO.2 SUSPENSEACCOUNT (NOTE 6) PROFITAND LOSS ACCOUNT 1213 -44687 -78552 -25172 6831 276213 230313 196448 249828 281831 PREFERENCESHARES (NOTE 7) 25000 25000 25000 25000 25000 DEBENTURES(NOTE8) 16700 16700 16700 16700 16700 LOANS(NOTE 9) 36529 24529 24529 24529 24529 354442 296542 262677 316057 348060 APPENDIXVbcontinued SCOTT'SSHIPBUILDING & ENGINEERING CO.LTD YEARTO 31ST DECEMBER 1915 1916 1917 1918 1919 LLL LL TRADINGPROFIT/-LOSS (NOTE 11) 215000 82519 205326 228399 244044 EXCEPTIONALITEMS (NOTE 2) -6986 526 -30285 53954 DEPRECIATION -35490 -34179 -31252 -27683 -26045 BANKINTEREST -11600 -9553 -4746 3518 6120 DEBENTUREINTEREST -751 -751 -751 -751 -751 TAXATION 239 369 -23200 -46336-141362 NETPROFIT/-LOSS FORYEAR 160412 38931 145377 126862 135960 BALANCEBROUGHT FORWARD 6831 47493 73174 203801 315913 REVENUERESERVES -105000 PREFERENCEDIVIDEND -1000 -1000 -1000 -1000 -1000 ORDINARYDIVIDEND -13750-12250 -13750 -13750 -27500 BALANCECARRIED FORWARD 47493 73174 203801 315913 423373

YEAR-ENDBALANCE SHEET

FORMATIONEXPENSES FIXEDASSETS ATSTART OF YEAR 444253 425524 403524 386242 389924 NETADDITIONS (NOTE 3) 16761 12179 13970 31365 13692 PROVISIONFORDEPRECIATION -35490 -34179 -31252 -27683 -26045 ATEND OF YEAR 425524 403524 386242 389924 377571 TRADEINVESTMENTS 1200 1200 INVENTORIES 439964 455508 427681 417364 489286 DEBTORS 9336 26923 20849 21550 42156 GOVERNMENTSTOCK 50625 50625 BANKAND CASH 641 679 13990 42061 104321 449941 483110 462520 531600 686388 CREDITORS -185483-262337 -209808 -170482 -218670 TAXATIONRESERVE (NOTE 4) BANKLOANS AND OVERDRAFTS -202259 -112158 NETCURRENT ASSETS 62199 108615 252712 361118 467718 CAPITALEMPLOYED 487723 512139 638954 752242 B46489 SOURCEOFFUNDS ORDINARYSHARES (NOTE 5) 275000 275000 275000 275000 275000 GENERALRESERVE GENERALRESERVE NO.2 SUSPENSEACCOUNT (NOTE 6) 105000 105000 105000 105000 105000 PROFITAND LOSS ACCOUNT 47493 73174 203801 315913 423373 427493 453174 583801 695913 803373 PREFERENCESHARES (NOTE 7) 25000 25000 25000 25000 25000 DEBENTURES(NOTE8) 16700 16700 16700 16700 15100 LOANS(NOTE 9) 18530 17265 13453 14629 3016 487723 512139 638954 752242 846489 APPENDIXVbcontinued SCOTT'SSHIPBUILDING & ENGINEERING CO.LTD YEARTO 31ST DECEMBER 1920 1921 1922 1923 1924 LLLLL TRADINGPROFIT/-LOSS (NOTE 1) 145812 233997 162768 65074 51797 EXCEPTIONALITEMS (NOTE 2) 35377 DEPRECIATION -29038 -32546 -21316 -28824 -25344 BANKINTEREST 7549 5449 10470 11459 3378 DEBENTUREINTEREST -680 -680 -680 -680 -250 TAXATION -162769-139546 -165000 -74535 -32000 NETPROFIT/-LOSS FORYEAR -39126 66672 -13758 -27506 32958 BALANCEBROUGHT FORWARD 423373 355747 393919 351661 295655 REVENUERESERVES -245000 PREFERENCEDIVIDEND -1000 -1000 -1000 -1000 -1000 ORDINARYDIVIDEND -27500 -27500 -27500 -27500 -13750 BALANCECARRIED FORWARD 355747 393919 351661 295655 68863

YEAR-ENDBALANCE SHEET

FORMATIONEXPENSES FIXEDASSETS ATSTART OF YEAR 377571 410260 411885 424338 419497 NETADDITIONS (NOTE 3) 61727 34173 33769 23983 11747 PROVISIONFORDEPRECIATION -29038 -32548 -21316 -28824 -25344 ATEND OF YEAR 410260 411805 424338 419497 405900 TRADEINVESTMENTS 1200 1379 1587 3396 1588 INVENTORIU5 415673 245798 187415 161606 168884 DEBTORS 323976 116758 16560 246174 210572 GOVERNMENTSTOCK 50625 50625 50625 50625 50625 BANKAND CASH 782 245368 338279 56177 28627 791056 658549 592879 514582 458708 CREDITORS -358499-257794 -244144 -219630 -147333 TAXATIONRESERVE (NOTE 4) BANKLOANS AND OVERDRAFTS -66886 NETCURRENT ASSETS 365671 400755 348735 294952 311375 CAPITALEMPLOYED 777131 814019 774660 717845 718863 SOURCEOFFUNDS ORDINARYSHARES (NOTE 5) 275000 275000 275000 275000 275000 GENERALRESERVE 350000 GENERALRESERVE NO.2 SUSPENSEACCOUNT (NOTE 6) 105000 105000 105000 105000 PROFITAND LOSS ACCOUNT 355747 393919 351661 295655 68863 735747 773919 731661 675655 693863 PREFERENCESHARES (NOTE 7) 25000 25000 25000 25000 25000 DEBENTURES(NOTE8) 15100 15100 15100 15100 LOANS(NOTE 9) 1284 2899 2090 777131 814019 774660 717845 718863 APPENDIXVbcontinued SCOTT'SSHIPBUILDING & ENGINEERING CO.LTD YEARTO 31ST DECEMBCR 1925 1926 1927 1928 1929 LfLLL

TRADINGPROFIT/-LOSS (NOTE 1) -21546 -87656 -58223 -46502 -23635 EXCEPTIONALITEMS (NOTE 2) -577 -403 DEPRECIATION -21945 -19127 -3395 -256 -15908 BANKINTEREST 9645 6070 3875 3328 DEBENTUREINTEREST -2191 TAXATION 20000 10365 NETPROFIT/-LOSS FORYEAR -33846 -80713 -57743 -44007 -31772 BALANCEBROUGHT FORWARD 68863 20267 38554 79811 34804 REVENUERESERVES 100000 100000 PREFERENCEDIVIDEND -1000 -1000 -1000 -1000 -1000 ORDINARYDIVIDEND -13750 BALANCECARRIED FORWARD 20267 38554 79811 34804 2032

YEAR-ENDBALANCE SHEET

FORMATIONEXPENSES FIXEDASSETS ATSTART OF YEAR 405900 392074 375466 372598 374766 NETADDITIONS (NOTE 3) 8119 2519 527 2424 10493 PROVISIONFORDEPRECIATION -21945 -19127 -3395 -256 -15908 ATEND OF YEAR 392074 375466 372598 374766 369351 TRADEINVESTMENTS 1534 1984 1834 756 253 INVENTORIES 80151 216334 98363 131468 166726 DEBTORS 186379 26165 70374 43142 57611 GOVERNMENTSTOCK 50625 50625 50621 50621 50621 BANKAND CASH 32041 640 713 989 1273 349196 293764 220071 226220 276231 CREDITORS -72537 -55359 -64050 -73100-140859 TAXATIONRESERVE (NOTE 4) BANKLOANS AND OVERDRAFTS -27301 -642 -43838 -52944 NETCURRENT ASSETS 276659 211104 155379 109282 B2428 CAPITALEMPLOYED 670267 588554 529811 484804 452032 SOURCEOFFUNDS ORDINARYSHARES (NOTE 5) 275000 275000 275000 275000 275000 GENERALRESERVE 350000 250000 150000 150000 150000 GENERALRESERVE NO.2 SUSPENSEACCOUNT (NOTE 6) PROFITAND LOSS ACCOUNT 20267 38554 79811 34804 2032 645267 563554 504811 459804 427032 PREFERENCESHARES (NOTE 7) 25000 25000 25000 25000 25000 DEBENTURES(NOTE8) LOANS(NOTE 9) 670267 588554 529811 484804 452032 APPENDIXVbcontinued SCOTT'SSHIPBUILDING & ENGINEERING CO.LTD YEARTO 31ST DECEMBER 1930 1931 1932 1933 1934 Lz zLL TRADINGPROFIT/-LOSS (NOTE 1) -9213 -26826 -24905 -41180 105383 EXCEPTIONALI TEMS (NOTE 2) 29 11902 7883

DEPRECIATION -15859 -14507 -13181 -15187 -13813 BANKINTEREST 602 472 281 DEBENTUREINTEREST -8 -1702 TAXATION 2335 2713 2639 4230 3727 NETPROFIT/-LOSS FORYEAR -22135 -38599 -23073 -45956 95578 BALANCEBROUGHT FORWARD 2032 3897 4298 5225 3269 REVENUERESERVES 25000 40000 25000 45000 PREFERENCEDIVIDEND -85000 ORDINARY -1000 -1000 -1000 -1000 -1000 DIVIDEND -10656 BALANCECARRIED FORWARD 3897 4298 5225 3269 2191

YEAR-ENDBALANCE SHEET

FORMATIONEXPENSES FIXEDASSETS ATSTART OF YEAR 369351 370074 355920 343940 345571 NETADDITIONS (NOTE 3) 16582 353 1201 16818 6844 PROVISIONFORDEPRECIATION -15859 -14507 -13181 -15187 -13813 ATEND OF YEAR 370074 355920 343940 345571 338602 TRADEINVESTMENTS 253 150 100 100 9500 INVENTORIES 66449 40151 43088 95119 49761 DEBTORS 93469 23241 8201 9531 13685 GOVERNMENTSTOCK 50621 50621 18537 BANKAND CASH 1708 509 512 506 49041 212247 114522 70338 105156 112487 CREDITORS -66541 -13053 -10748 -45171 TAXATIONRESERVE (NOTE 4) -58398 BANKLOANS AND OVERDRAFTS -87136 -68241 -38405 -87387 NETCURRENT ASSETS 58570 33228 21185 -27402 54089 CAPITALEMPLOYED 428897 389298 365225 318269 402191 SOURCEOFFUNDS ORDINARYSHARES (NOTE 5) 275000 275000 275000 275000 275000 GENERALRESERVE 125000 85000 60000 15000 60000 GENERALRESERVE NO.2 40000 SUSPENSEACCOUNT (NOTE 6) PROFITAND LOSS ACCOUNT 3897 4298 5225 3269 2191 403897 364298 340225 293269 377191 PREFERENCESHARES (NOTE 7) 25000 25000 25000 25000 25000 DEBENTURES(NOTE8) LOANS(NOTE 9) 428897 389298 365225 318269 402191 APPENDIXVbcontinued SCOTT'SSHIPBUILDING & ENG'INEERING CO. LTD YEARTO 31ST DECEMBER 1935 1936 1937 1938 1939 LLL LL TRADINGPROFIT/-LOSS (NOTE 1) 167234 172043 126426 138387 275548 EXCEPTIONALITEMS (NOTE 2) -1083 -351 -96 -29664 25 DEPRECIATION -20972 -14301 -15312 -15921 -13859 BANKINTEREST 1132 2204 2825 3886 7363 DEBENTUREINTEREST TAXATION -2505 -38569 -31150 -39500-150409 NETPROFIT/-LOSS FORYEAR 143806 121026 82691 57188 118668 BALANCEBROUGHT FORWARD 2191 4372 23773 24839 20402 REVENUERESERVES -120000 -80000 -60000 -40000 -80000 PREFERENCEDIVIDEND -1000 -1000 -1000 -1000 -1000 ORDINARYDIVIDEND -20625 -20625 -20625 -20625 -20625 BALANCECARRIED FORWARD 4372 23773 24839 20402 37445

YEAR-ENDBALANCE SHEET

FORMATIONEXPENSES FIXEDASSETS ATSTART OF YEAR 338602 343733 358586 368984 377364 NETADDITIONS (NOTE 3) 26103 29154 25710 24301 9923 PROVISIONFORDEPRECIATION -20972 -14301 -15312 -15921 -13859 ATEND OF YEAR 343733 358586 368984 377364 373428 TRADEINVESTMENTS 9500 7100 100 100 INVENTORIES 159338 240154 285399 219209 137655 DEBTORS 17649 21568 36376 45438 174014 GOVERNMENTSTOCK 100229 100229 100229 BANKAND CASH 104033 153338 95035 224425 351573 281020 415060 517039 5B9301 763471 CREDITORS -109881-115973 -127422 -175589 -174454 TAXATIONRESERVE (NOTE 4) -41000 -73862 -70774-145000 BANKLOANS AND OVERDRAFTS NETCURRENT ASSETS 171139 258087 315755 342938 444017 CAPITALEMPLOYED 524372 6237173684839 720402 817445 SOURCEOFFUNDS ORDINARYSHARES (NOTE 5) 275000 275000 275000 275000 275000 GENERALRESERVE 120000 150000 162500 200000 240000 GENERALRESERVE NO.2 100000 150000 197500 200000 240000 SUSPENSEACCOUNT (NOTE 6) PROFITAND LOSS ACCOUNT 4372 23773 24839 20402 37445 499372 598773 659839 695402 792445 PREFERENCESHARES (NOTE 7) 25000 25000 25000 25000 25000 DEBENTURES(NOTE8) LOANS(NOTE 9) 524372 623773 684839 720402 817445 APPENDIXEVb continued

NOTESON ACCOUNTS

1) See Appendix EVc. Further details of the composition of the shipyard and engine works profits and losses are to be found in Appendices EVd and EVe respectively.

2) See Appendix EVf.

3) See Appendix EVg.

4) Prior to 1936 tax provisions are included in creditors.

5) 27,500 Ordinary Shares of L10 each.

6) Profits put to SuspenseAccount in 1915 and held in Creditors in the company's accounts until 1924.

7) 2, '500 4',, Preference Shares of LIO each.

8) 4 1/2 to Debentures. 9) LOANScomprise interest bearing balances owed to membersof the Scott family, bonds and fixed term loans from third parties and a balance owing to John Swire & Sons. With the exceptions of E2,500 advanced by the Clydesdale Bank on the security of the company's investment in the Gunford Ship Co. in 1908 and a L2,000 loan from W.W. & J. McClure in 1903, all of the fixed term loans and the balance owing to John Swire & Sons dated back to the period prior to the merger of Scott & Co. and the GreenockFoundry Co. Apart from the loan from, W.W. & J. McClure

and loans from the Clydesdale Bank totalling LIO, 000 all of the liabilities to third parties had been extinguished by the end of 1904, and the remaining L12,000 was repaid in 1911. Thereafter, LOANSconsist entirely of interest bearing balances owed to membersof the Scott family. APPENDIXVc SCOTT'S- DETAILS OF TRADING PROFIT YEAR SHIPYARDENGINE CONTRACT DIRECTORS HONG KONG RENTS SUNDRIES TOTAL WORKSADJUSTMENT DOCKYARD LLLLLLLL 1902 14680 9893 24573 1903 25479 54594 80073 1904 29306 27568 -4100 158 -124 52808 1905 107174 32007 -25000 -6863 153 93 107544 1906 -2834 44798 25000 -3747 119 2139 65475 1907 -1050 2928 -5300 153 94 -3175 1908 -15109 32214 189 -5300 5000 170 -506 16658 1909 -6600 24289 -5300 180 1 12570 1910 20836 23094 -5967 165 1 38129 1911 -36880 25866 -9650 12 1 -20651 1912 1846 6127 -999 6974 1913 39705 53973 -1873 1000 -10 92795 1914 50523 22081 -2047 1000 56 71615 1915 lIU234 106706 -3000 1000 60 215000 1916 47358 43413 -312 -9000 1000 60 82519 1917 67792 57221 67253 -8000 1000 60 205326 1918 1712059 50521 12747 -8000 1000 72 228399 1919 163782 138623 -64000 -4000 9346 293 244044 1920 111214 78628 -41000 -4298 1000 268 145812 1921 128492 107988 -4000 1000 517 233997 1922 108757 56586 -4000 1000 425 162768 1923 46112 26690 -9083 1000 355 65074 1924 32999 17805 -1500 1000 493 1000 51797 1925 -3223 -19767 1000 444 -21546 1926 -54262 -35550 1000 516 640 -87656 1927 -32667 -28040 1000 334 1150 -58223 1928 -25379 -22583 1000 460 -46502 1929 -24261 -1495 -150 1000 306 965 -23635 1930 -19415 6414 -150 3481 457 -9213 1931 -11860 -16176 -150 950 410 -26826 1932 -17885 -8237 -150 1000 367 -24905 1933 -27648 -14528 -150 1000 146 -41180 1934 57177 50391 -3650 1000 465 105383 1935 144162 27564 -5950 1000 458 167234 1936 100459 7BB02 -8670 1000 452 172043 1937 B6601 43024 -4645 1000 446 126426 1938 32297 109717 -5091 1000 464 138387 1939 157917 122623 -6341 1000 349 275548 APPENDIXEVd SCOTT'S- SHIPYARD TRADING PROFIT

YEAR CONTRACTSSHIPBUILDING JOBBING CONTRACTDEPARTMENTS HONGKONG OVERHEADS INTEREST DEPRECIATION DOCKYARD SUNDRIES TOTAL CONFERENCE ADJUSTMENT (UNDER)/ ADDEDBACK LOOSE TOOLS OVERAPPLIED LLLLLLLLLLL 1902 8824 -3344 14680 1903 1487 1904 39171 -3896 25479 -382 -2068 -7952 537 29306 1905 104590 -32 8291 -6076 401 107174 1906 -1058 -102 1368 604 19U7 8228 -3646 -2834 -247 -196 -9176 341 -1050 1908 3103 636 1909 7808 -191 -4352 -14305 -15109 -2388 -12770 750 -6600 1910 30000 2630 -12601 807 20836 1911 -42913 2669 125 3239 1912 -36880 -8387 10254 -4751 4730 1846 1913 22329 8937 2680 5759 1914 53079 39705 8722 -15939 4661 50523 1915 114513 14552 4355 110234 1916 36514 14850 1455 -23186 -27000 19248 4254 -1963 47358 1917 51693 12152 543 27451 1514 1918 146637 -5561 87792 5077 943 22184 172059 1919 159504 92 -1935 -847 6745 1365 -3939 15 163782 1920 137087 8391 -29186 -5078 111214 1921 140894 12071 5719 1922 -12192 - -8632 2070 128492 93419 36212 -5346 1923 73760 -12365 -2885 -278 108757 14961 1856 -39514 46112 1.924 52672 3106 -4951 -20561 -2218 32999 1925 31542 4283 -37236 -2237 425 1926 -7993 6351 386 -3223 3334 -51254 -1878 126 -54262 1927 -16192 -1131 1928 2792 399 -16969 -1690 -19 -32667 -3759 -23658 -1064 1929 -21331 4152 1079 -69 -25379 -8345 184 -24261 1930 1605 -30726 -2874 12187 393 1931 -17755 3230 63 -19415 2126 476 -11860 1932 2682 538 -484 1933 75 -18229 -2392 -17885 -3315 -726 1582 1934 62000 1543 -25264 -27648 -758 -6283 675 57177 1935 150431 413 -427 1936 IU1289 3745 -6221 -34 144162 744 243 173 100459 1937 95548 6070 1586 6 -6708 973 -16649 40 86601 1938 44461 4101 1899 -61 1939 133298 2349 -17977 -126 32297 605 344 21222 99 157917 APPENDIXEVe SCOTT'S- ENGINE WORKS TRADING PROFIT YEAR CONTRACTSSHIPBUILDING JOBBING CONTRACTDEPARTMENTS HONGKONG OVERHEADS INTEREST DEPRECIATION SUNDRIES TOTAL CONFERENCE ADJUSTMENT DOCKYARD(UNDERV ADDEDBACK LOOSE TOOLS, OVERAPPLIED LICENCES,etc. zzz LL LLfL L IE 1902 3258 -4371 2264 1903 3653 54594 2439 -4474 1904 28293 -444 -2589 2572 -1746 -957 27568 2826 1905 36511 -2386 2708 5073 -12500 -225 32007 1906 38229 3714 -B71 82 4677 44798 3650 244 -1033 1907 593 -916 -4542 5054 -1155 2928 1908 28621 2404 -823 3166 -5677 6130 32214 2316 815 -1607 1909 20698 -138 -2135 5675 -2733 -209 24289 2721 704 1910 14169 -800 5019 4801 -3381 -159 23094 1911 5015 1969 -1217 792 10356 8965 25866 2027 783 511 -14 1912 -7626 3248 11957 -4850 77 6127 1913 41723 2308 -1028 -262 335 2412 12901 53973 1991 818 43 -4331 -85 1914 15433 974 8577 -5351 -404 22081 5536 1864 480 1915 63855 32801 7245 -5000 -75 1067U6 1916 22558 733 1709 689 19452 5299 43413 1373 2882 330 -4000 -3027 1917 19674 30041 3232 -369 58 57221 1918 59217 -169 -9352 610 -13 228 50521 1919 108451 1946 4280 545 22909 319 173 138623 1920 90570 -14029 -3376 1631 3699 29 104 78628 1921 103573 -5400 6701 -766 1561 19666 107988 538 20103 2476 898 -2949 -7605 -6793 1922 39598 2710 -7970 -1622 -145 56586 1923 28113 4236 12489 3562 712 508 26690 2247 3048 363 -13971 -8959 1924 25434 -10200 -878 3182 -5391 17805 13000 2686 954 278 1925 -35122 1741 -3304 -19767 1926 -4796 3911 802 1048 1930 177 -35288 -1227 -35550 1927 -11374 -17430 -1095 -248 -28040 1928 3450 283 2604 -5610 1468 -19457 -3853 -22583 1929 2461 -29 -5691 -297 593 -1495 2605 491 1930 3373 506 97 -658 6414 1931 1535 1396 -285 -17941 65 857 410 -946 -16176 1932 -720 -166 -9612 75 919 -8237 1933 910 1421 -305 513 -16493 705 96 1052 -230 -344 -14528 1934 44815 4047 311 -635 50391 1935 19429 2788 -169 759 3987 337 433 27564 1936 540U9 11056 2473 4 161 331 11377 336 -945 78802 1937 26611 3035 2749 385 191 9286 380 387 43024 1938 76400 2050 1738 71 904 28898 204 109717 1939 94029 1175 1142 96 204 -548 26398 332 -753 122623 APPENDIXEVf SCOTT'S- EXCEPTIONAL ITEMS LL

1903 BOOKVALUE OF DAMAGED SMITHY WRITTEN OFF -1337 GUNFORDSHIPCO. INVESTMENT WRITTEN DOWN -3750 S.S. LADYWENTWORTH INVESTMENT WRITTEN DOWN -700 -5787 1904 PRELIMINARYEXPENSES WRITTEN DOWN -4000 GUNFORDSHIPCO. INVESTMENT WRITTEN DOWN -1250 -5250 1905 PRELIMINARYEXPENSES WRITTEN OFF -1149 PROFITON SALE OF S. S. LADY WENTWORTH 477 -672 1912 GUNFORDSHIPCO. INVESTMENT WRITTEN OFF -11217 1913 OPERATINGLOSSON GUNFORD SHIPCO. -1116 INVESTMENTIN SCHOONER INVADER WRITTEN DOWN -6853 -7969 1914 OPERATINGPROFIT ON GUNFORD SHIPCO. 107. INVESTMENTIN SCHOONER INVADER WRITTEN OFF -178 -71 1915 PROFITON SALE OF SCHOONER INVADER 14 'BUILDINGRESERVE ' -7000 -6986 1916 OPERATINGPROFIT ON GUNFORD SHIPCO. 526 1918 RESERVEFORPROBABLE LIABILITY ON FIAT SUBMARINES -30285 1919 SURPLUSONPOSTWAR REVALUATION OFSTOCKS 31971 SURPLUSONPOSTWAR REVALUATION OFTOOLS 21903 DISCOUNTONREDEMPTION OFDEBENTURES 80 53954

1923 INVESTMENTIN ARCH. REID & SONSWRITTEN OFF -800 INVESTMENTIN STILL ENGINE CO. WRITTEN DOWN -1106 RESERVESNOTREQUIRED 'BUILDINGRESERVE I 7000 PROBABLELIABILITY ON FIAT SUBMARINES 30285 35377

1928 INVESTMENTIN STILL ENGINE CO. WRITTEN DOWN -577 1929 INVESTMENTIN STILL ENGINE CO. WRITTEN DOWN -403 1931 PROFITON SALE OF STILL ENGINE CO. SHARES 29 1932 PROFITON SALE OF L45000 3 1/2 ',o CONVERSIONSTOCK 11902 1933 PROFITON SALE OF L26000 3 1/2 lo CONVERSIONSTOCK 7883 1935 COSTOF YARD EXCHANGE -1083 1936 COSTOF YARD EXCHANGE -351 1937 COSTOF YARD EXCHANGE -98 1938 STAFFASSURANCE ANDPENSION SCHEME -29664 1939 PROFITON SALE OF INVESTMENT IN N.S. S. LTD. 25 APPENDIXVg

SCOTT'S- NET ADDITIONS TOFIXED ASSETS (SHIPYARD) YEAR ýAND BUILDINGSFIXED PNEUMATIC CARTSDYKE DOCK CARTSBURN MCLAREN'S STEEL. El-ECTRIC TOTAI EXTENSIONIMPROVITS SAWMI! SAWMI! PLANT TOOLS _,,_ -l- UPRIGHTSCRANE SHIPYARD LzzLLLLLLfL

1903(TWO YEARS) 57193 1904 37680 17640 55320 1905 1827 15008 16835 1906 269 6460 6729 1907 -606 1859 1253 1908 260 691 951 1909 2 2809 16040 18851 1910 4913 5959 10872 1911 1057 21103 22160 1912 3959 5769 9728 1913 1069 5099 6168 1914 135 222 357 1915 182 5188 5370 1916 82 7746 7828 1917 1193 1502 2695 1918 302 1738 10102 1609 13751 1919 1812 8275 -3239 24 6872 1920 2300 3440 -801 13160 34417 52516 1921 7825 17907 1100 1913 28745 1922 7989 447 3890 1439 18035 31800 1923 820 2091 7997 10067 20975 1924 3507 822 1174 5503 1925 1215 2038 1278 4531 157 1926 -32 1800 1925 1927 202 303 34 539 1928 -21 -21 1929 416 1330 1746 1930 755 831 1586 1931 375 54 429 1932 147 1100 1247 1933 -166 1276 3467 4577 1934 373 373 1935 10892 5333 16225 1936 8133 7571 15704 1937 447 2905 6108 9460 1938 6771 5875 1105 13751 1939 1019 1019 APPENDIXVgcontinued

ASSETS(ENGINE WORKS AND TOTAL) SCOTT'S- NET ADDITIONS TOFIXED YEAR ýAND BUI'-DINGSFI XED MOTOR TOTA!- TOTAL GRAND PLANT LORRIESENGINE SHIPYARD TOTAý WORKS z -E zfzz 1903(TWO YEARS) 25153 57193 82346 1904 695 5990 6685 70594 62005 1905 16 8252 8268 35276 25103 1906 3089 3089 14813 9818 1907 1706 1291 2997 9154 4250 1908 2975 6857 9832 22523 10783 1909 10831 13327 24158 69076 43009 1910 387 6839 7226 27234 18098 1911 4017 6640 10657 45385 32817 1912 500 12340 6392 19232 50104 28960 1913 456 3234 3690 15461 9858 16069 1914 2766 4133 6899 7256 1915 2721 8670 11391 30067 16761 1916 62 4289 4351 18446 12179 1917 1344 9931 11275 27162 13970 1918 11030 6584 17614 50897 31365 1919 2195 2944 1681 6820 22431 13692 1920 2900 5337 974 9211 120435 61727 1921 5428 5428 44535 34173 1969 57134 33769 1922 -12500 2000 12469 1923 1500 1508 3008 38981 23983 1924 6244 6244 21089 11747 1925 3588 3588 13632 8119 1926 594 594 6839 2519 1927 -12 -12 2476 527 1928 2445 2445 6797 2424 1929 8487 260 8747 22499 10493 1930 14996 14996 34339 16582 1931 -76 -76 2262 353 1932 -46 -46 4187 1201 1933 11135 1106 12241 30992 16818 1934 6141 330 6471 15249 6844 1935 9878 9878 37916 26103 1936 13450 13450 44540 29154 1937 520 15285 445 16250 43897 25710 1938 10302 248 10550 37894 24301 1939 1400 6534 970 8904 20766 9923 APPENDIXEVI

ALEXANDERSTEPHEN & SONSLTD.

CONTENTS

a) Notes on sources.

b) Annual Profit & Loss Accounts and Balance

Sheets with notes 1901-1939- c) Details of Trading Profit in (b). d) Details of Exceptional items in (b) e) Details of Net Additions to Fixed Assets in (b). APPENDIXEVIa

NOTESON SOURCES

The accounts of Alexander Stephen & Sons Ltd. are extracted from the collection of records relating to Upper Clyde Shipbuilders held by the University of Glasgow (UCS3). Sets of accounts covering the entire period from the formation of the companyin 1900 to 1939 are contained in UCS3/3/1-39. Unfortunately, while manyof these accounts contain more information than would normally be found in published accounts, the early accounts do not and, in the absence of private ledgers and journals, there is no meansof filling in the gaps. In consequence, there are no details of the Profit & Loss Appropriation Account prior to 1904-05, the charges for depreciation and the amounts of net additions to fixed assets are unobtainable prior to 1908-09, someof the detail needed for a standardised analysis of Net Profit/-Loss is not given until 1916-17 and details of the composition of Trading Profits/-Losses are only given from 1935-36 onwards. APPENDIXVIb ALEXANDERSTEPHEN & SON LTD. YEARTO 31ST MARCH 1901 1902 1903 1904 LzzL TRADINGPROFIT/-LOSS (NOTE 1) EXCEPTIONALITEMS (NOTE 2) DEPRECIATION BANKAND LOAN INTEREST BONDINTEREST TAXATION NETPROFIT/-LOSS FORYEAR REPAIRDEPARTMENT (NOTE3) BALANCEBROUGHT FORWARD RESERVES PREFERENCEDIVIDEND ORDINARYDIVIDEND BALANCECARRIED FORWARD 223 4825 4710 15821

YEAR-ENDBALANCE SHEET

FORMATIONEXPENSE5 1762 1000 FIXEDASSETS ATSTART OF YEAR NETADDITIONS (NOTE 4) PROVISIONFORDEPRECIATION ATEND OF YEAR 176373 177501 181836 191348 TRADEINVESTMENTS 6859 6542 5649 5707 INVENTORIES 169237 161989 258219 167475 DEBTORS 46627 98930 30327 71316 GOVERNMENTSTOCK BANKAND CASH 2498 719 8827 4565 218362 261638 297373 243356 CREDITORS -141633-162607 -189148 -132590 TAXATIONRESERVE (NOTE 5) BANKLOANS AND OVERDRAFTS -3249 NETCURRENT ASSETS 76729 95782 108225 110766 REPAIRDEPARTMENT CAPITALEMPLOYED 261723 280825 295710 307821 SOURCEOFFUNDS ORDINARYSHARES (NOTE 6) 127800 127800 127800 127800 SPECIALRESERVE 1500 6000 11000 12000 ORDINARYRESERVE 10000 20000 20000 CONTINGENCYACCOUNT (NOTE 7) PROFITAND LOSS ACCOUNT 223 4825 4710 15821 129523 148625 163510 175621 PREFERENCESHARES (NOTE 8) 102200 102200 102200 102200 BONDS(NOTE 9) 30000 30000 30000 30000 P&0 (NOTE10) 261723 280825 295710 307821 APPENDIXVIb continued ALEXANDERSTEPHEN & SON LTD. YEARTO 31ST MARCH 1905 1906 1907 1908 1909 LLL LL TRADINGPROFIT/-LOSS (NOTE 1) EXCEPTIONALITEMS (NOTE 2) DEPRECIATION BANKAND LOAN INTEREST BONDINTEREST TAXATION NETPROFIT/-LOSS FORYEAR -11570 4418 12220 28537 2969 REPAIRDEPARTMENT (NOTE3) BALANCEBROUGHT FORWARD 15821 163 493 2913 20263 RESERVES -600 -700 -700 PREFERENCEDIVIDEND -4088 -4088 -4088 -4088 -4088 ORDINARYDIVIDEND -5112 -6399 -6440 BALANCECARRIED FORWARD 163 493 2913 20263 12004

YEAR-ENDBALANCE SHEET

Tj FORMAI ON EXPENSES FIXEDASSETS ATSTART OF YEAR 210686 NETADDITIONS (NOTE 4) 6483 PROVISIONFORDEPRECIATION -4424 ATEND OF YEAR 193083 194378 202279 210686 212745 TRADEINVESTMENTS 5842 6112 18250 18819 15919 INVENTORIES 194692 197646 96520 114027 161893 DEBTORS 60007 10748 113303 1124Q2 44508 GOVERNMENTSTOCK BANKAND CASH 1374 22183 13114 4996 6617 256073 230577 222937 231465 213018 CREDITORS -162835-146442 -163318 -172423 -160025 TAXATIONRESERVE (NOTE 5) BANKLOANS AND OVERDRAFTS NETCURRENT ASSETS 93238 84135 59619 59042 52993 REPAIRDEPARTMENT 7868 15365 26016 25347 CAPITALEMPLOYED 292163 292493 295513 314563 307004 SOURCEOFFUNDS ORDINARYSHARES (NOTE 6) 127600 127800 127800 128800 128800 SPECIALRESERVE 12000 12000 12600 13300 14000 ORDINARYRESERVE 20000 20000 20000 20000 20000 CONTINGENCYACCOUNT (NOTE 7) PROFITAND LOSS ACCOUNT 163 493 2913 20263 12004 159963 160293 163313 182363 174804 PREFERENCESHARES (NOTE 8) 102200 102200 102200 102200 102200 BONDS(NOTE 9) 30000 30000 30000 30000 30000 P&0 (NOTE10) 292163 292493 295513 314563 307004 APPENDIXVIb continued ALEXANDERSTEPHEN & SON LTD. YEARTO 31ST MARCH 1910 1911 1912 1913 1914 LLzLi TRADINGPROFIT/-LOSS (NOTE 1) EXCEPTIONALITEMS (NOTE 2) DEPRECIATION BANKAND LOAN INTEREST BONDINTEREST TAXATION NETPROFIT/-LOSS FORYEAR 2637 24318 23651 17714 29727 REPAIRDEPARTMENT (NOTE3) 3281 3710 5356 BALANCEBROUGHT FORWARD 12004 4801 10729 12364 7858 RESERVES -600 -400 -10000 PREFERENCEDIVIDEND -4088 ORDINARYDIVIDEND -5110 -5977 -6610 -6610 -5152 -12880 -19320 -19320 -19706 BALANCECARRIED FORWARD 4801 10729 12364 7B58 6625

YEAR-ENDBALANCE SHEET

FORMATIONEXPENSES FIXEDASSETS ATSTART OF YEAR 212745 213100 217645 224212 230496 NETADDITIONS (NOTE 4) 2710 8960 12460 11728 37034 PROVISIONFORDEPRECIATION -2355 -4415 -5893 -5444 -8559 ATEND OF YEAR 213100 217645 224212 230496 258971 TRADEINVESTMENTS 58262 49570 20070 20070 20370 INVENTORIES 146458 180560 195405 161123 184191 DEBTORS 3947 B004 61462 115649 92707 GOVERNMENTSTOCK BANKAND CASH 6450 15949 5713 18216 44711 156855 204513 262580 294988 321609 CREDITORS -159473 TAXATIONRESERVE (NOTE 5) -190450-202232 -263745 -289763 BANKLOANS AND OVERDRAFTS NETCURRENT ASSETS -2618 14063 60348 31243 31846 REPAIRDEPARTMENT 31657 25451 33734 52049 55938 CAPITALEMPLOYED 300401 306729 338364 333858 367125 SOURCEOFFUNDS ORDINARYSHARES (NOTE 6) 128800 128800 128800 128800 135800 SPECIALRESERVE 14600 15000 15000 15000 15000 ORDINARYRESERVE 20000 20000 20000 20000 30000 CONTINGENCYACCOUNT (NOTE 7) PROFITAND LOSS ACCOUNT 4801 10729 12364 7858 7625 168201 174529 176164 171658 188425 PREFERENCESHARES (NOTE 8) 102200 102200 132200 132200 132200 BONDS(NOTE 9) 30000 30000 30000 30000 46500 P&0 (NOTE10) 300401 306729 338364 333858 367125 APPENDIXVIb continued A'-EXANDERSTEPHEN & SON '-TD. YEARTO 31ST MARCH 1915 1916 1917 1918 1919 L iiLi

TRADINGPROFIT/-! -OSS (NOTE 1) 152890 1976aP 190 39 4 EXCEPTIONA:- ITEMS (N'01T- 2) DEPRECIATION -15339 -14588 -1551C BANKAND '-OA% INTEREST -1929 8658 -2627 BONDINTEREST -2159 -2234 -2274 TAXATION -164453-163155 -89315 NETPROFIT/-ýOSS FOR YEAR 88480 76407 -30990 26321 80468 REPAIRDEPARTMENT (NOTE 3) 15422 22356 42460 53436 50956 BA'-A%lCEBROUGHT FORWARD 7625 44423 92173 71520 113899 RESE 'RVE-c -40000 -37406 -9954 -8445 -47326 PRE'ERENCEDIVIDEND -66-10 - 66.10 -6610 -6610 -6611) ORDINARYDIVIDEND -20494 -6997 -15579 -22325 -3001JU BA'-ANCECARRIED FORWARD 44423 92173 7152U 113899 161387

YEAR-ENDBAý-ANCE SHEET

FORMATIONEXPENSES r'IXEDASSETS ATSTART OF YEAR 258971 264598 296957 293100 302561 NETADDITION'S (NUTF- 4) 15313 47659 11482 24049 89308 PROVISIONFORDEPRECIATION' -9686 -15300 -15339 -14588 -1551L, ATENO OF YEAP 264596 296957 293100 3()Z-2561 376359 TRADEINVESTMENTS 21070 21070 18070 18070 18070 INVENTORIES 264650 304345 416015 342706 37[1727 DEBTOPS 108128 110887 160842 195238 12610' GOVER'NMENTSTOCK 4946 3F,196 45453 44113 BANKAND CASH 17277 2389F 38885 48083 175779 390055 444(176653938 631480 603235. CREDITOPS -21j)1247-31l48F -404727-368651) - 31,32 U25 TAXATION'RESERVE (NOTE 5) -144736-152472 -70394 BANKýOANS AND OVERDRAPTS NETCURRENT ASSETS 108808 132588 104475 11G3 58 230816 REPAIRDEPARTMENT 59621- 92814 11626U209115 10884e CAPITAý-EMPýOYED 454098 543429 531905 640104 734093 SOURCEOFFUNDS ORDINARYSHARES (NOTE 6) 130800 141800 141800 200000 2011000 SPECIA'-RESERVE 15000 15000 15000 15000 15000 ORDINARYRESCRVE 700(il) 70000 70000 70000 70000 CONTINGENCYACCOUNT (NOTE 7) 37406 47360 55605 103131 PROPITAND ýOSS ACCOUNT 44423 92173 71520 113899 161311,7 266223 356379 3456K 454704 549518 PREFEREN"CESHAPES(NOTE 6') 132200 132200 132200 132200 132200 BONDS(NOTE 9) 55675 54850 54025 53200 52375 P&0 (NOTE10) 454098 543429 531905 640104 734093 APPENDIXVIb continued ALEXANDERSTEPHEN & SON LTD. YEARTO 31ST MARCH 1920 1921 1922 1923 1924 iLLLz TRADINGPROFIT/-LOSS (NOTE 1) 185871 157336 70319 102961 98493 EXCEPTIONALITEMS (NOTE 2) -119920-153411 DEPRECIATION -4.1107 -11099 -11931 -11666 -13255 BANKAND LOAN INTEREST 699 -25039 2397 -2341 -3805 BONDINTEREST -2349 -2426 -2400 -1868 -18315- TAXATION -109707-144773 -51790 -28196 NETPROFIT/-LOSS FORYEAR 53407 -25999 6595 -61030 -73813 REPAIRDEPARTMENT (NOTE3) 123049 111820 -26919 2779 -9945 BALANCEBROUGHT FORWARD 161387 284444 333655 276721 301780 RESERVES -167/89 119920 PREFERENCEDIVIDEND -6610 -6610 -6610 -6610 -6610 ORDINARYDIVIDEND -30000 -30000 -30000 -30000 -30000 BALANCECARRIED FORWARD 284444 333655 276721 301780 181412

YEAR-ENDBALANCE SHEET

FORMATIONEXPENSES FIXEDASSETS ATSTART OF YEAR 376359 393941 417963 421186 414785 NETADDITIONS (NOTE 4) 38689 35121 15154 5265 23248 PROVISIONFORDEPRECIAT10N -21107 -11099 -11931 -11666 -13255 ATEND OF YEAR 393941 417963 421186 414785 424778 TRADEINVESTMENTS 18070 408991 363995 244021 132120 INVENTORIES 669953 535381 246817 72937 224280 DEBTORS IIB03 196427 258724 58732 15302 GOVERNMENTSTOCK 44108 44108 44108 45318 106011 BANKAND CASH 53614 52900 79999 317848 92131 779478 828816 629648 494835 437724 CREDITORS -391112-358010 -298675 -247921 -216020 TAXATIONRESERVE (NOTE 5) -78362-107956 BANKLOANS AND, OVERDRAFTS NETCURRENT ASSETS 310004 362850 330973 246914 221704 REPAIRDEPARTMENT 177701 195980 106969 104338 60379 CAPITALEMPLOYED 8997161385784 1223123 1010058 838981 SOURCEOFFUNDS ORDINARYSHARES (NOTE 6) 200000 200000 200000 200000 200000 SPECIALRESERVE 15000 15000 15000 15000 15000 ORDINARYRESERVE 70000 70000 70000 70000 70000 CONTINGENCYACCOUNT (NOTE 7) 119920 119920 119920 PROFITAND LOSS ACCOUNT 284444 333655 276721 301780 181412 689364 738575 681641 586780 466412 PREFERENCESHARES (NOTE 8) 132200 132200 132200 132200 132200 BONDS(NOTE 9) 51550 50725 49900 39075 38250 P&0 (NOTE10) 26602 464284 359382 252003 202119 8997161385784 1223123 1010058 838981 APPENDIXVIb continued ALEXANDERSTEPHEN & SON LTD. YEARTO 31ST MARCH 1925 1926 1927 1928 1929 fLzLL TRADINGPROFIT/-LOSS (NOTE 1) 47294 185320 EXCEPTIONAL -43030 -38630 42155 ITEMS(NOTE 2) -800 DEPRECIATION -13746 -13963 BANKAND LOAN INTEREST 1312 -12750 BONDINTEREST -4849 -2118 -1317 -2031 TAXATION -1800 -1768 -1735 -1702 -1668 -4614 -16883 2380 2380 2380 NETPROFIT/-LOSS FORYEAR 22285 149788 28086 REPAIR -41073 -39269 DEPARTMENT(NOTE3) -5842 -4988 -5535 -4611 -8797 BALANCEBROUGHT FORWARD 181412 49245 177435 124217 73727 RESERVES -130000 PREFERENCEDIVIDEND -6610 -6610 -6610 -6610 -6610 ORDINARYDIVIDEND -12000 -10000 BALANCECARRIED FORWARD 49245 177435 124217 73727 86406

YEAR-ENDBALANCE SHEET

FORMATIONEXPENSES FIXEDASSETS ATSTART OF YEAR 424778 425584 438927 448985 479297 NETADDITIONS (NOTE 4) 14552 27306 10058 30312 6455 PROVISIONFORDEPRECIATION -13746 -13963 -12750 ATEND OF YEAR 425584 438927 448985 479297 473002 TRADE! NVESTMENTS 132120 131270 131220 131170 131114 INVENTORIES 165490 133695 129586 173562 121030 DEBTORS 19700 45101 26201 12250 28339 GOVERNMENTSTOCK 100801 100801 BANKAND CASH 109376 110427 45247 8258 9236 395367 390024 201034 194070 158605 CREDITORS -168468-153323 -120706 -186824 -138834 TAXATIONRESERVE (NOTE 5) BANKLOANS AND OVERDRAFTS NETCURRENT ASSETS 226899 236701 80328 7246 19771 REPAIRDEPARTMENT 51609 56035 46659 38164 43844 CAPITAL EMPLOYED 836212 862933 707192 655877 667731 SOURCEOFFUNDS ORDINARYSHARES (NOTE 6) 200000 200000 200000 200000 200000 SPECIALRESERVE 15000 15000 15000 15000 15000 ORDINARYRESERVE 200000 200000 200000 200000 200000 CONTINGENCYACCOUNT (NOTE 7) PROFITAND LOSS ACCOUNT 49245 177435 124217 73727 86406 464245 592435 539217 488727 501406 PREFERENCESHARES (NOTE 8) 132200 132200 132200 132200 132200 BONDS(NOTE 9) 37425 36600 35775 34950 34125 P&0 (NOTE10) 202342 101698 836212 862933 707192 655877 667731 APPENDIXVIb continued ALEXANDERSTEPHEN & SON LTD. YEARTO 31ST MARCH 1930 1931 1932 1933 1934 LLLLL TRADINGPROFIT/-LOSS (NOTE 1) 14453 17221 186616 -59860 -55243 EXCEPTIONALITEMS (NOTE 2) -105801 440 DEPRECIATION -12088 -12472 -12400 -7551 -10611 BANKAND LOAN INTEREST 163 210 6726 4149 1330 BONDINTEREST -1636 -1603 -1570 -1537 -1389 TAXATION 2512 -1467 -36258 6372 NETPROFIT/-LOSS FORYEAR 3404 1889 37313 -55987 -65913 REPAIRDEPARTMENT (NOTE3) 1884 568 -8352 7876 6843 BALANCEBROUGHT FORWARD 86406 85084 87541 116502 68391 RESERVES PREFERENCEDIVIDEND -6610 ORDINARYDIVIDEND BALANCECARRIED FORWARD 85084 87541 116502 68391 9321

YEAR-ENDBALANCE SHEET

FORMATIONEXPENSES FIXEDASSETS ATSTART OF YEAR 473002 477624 479712 464139 458193 NETADDITIONS (NOTE 4) 16710 14560 -3173 1605 2600 PROVISIONFORDEPRECIATION -12088 -12472 -12400 -7551 -10611 ATEND OF YEAR 477624 479712 464139 458193 450182 TRADEINVESTMENTS 131574 131651 25850 25850 25850 INVENTORIES 55147 197040 142112 99071 140489 DEBTORS 46995 52030 121995 81240 31786 GOVERNMENTSTOCK BANKAND CASH 54177 4 13866 19101 3851 156319 249074 277973 199412 176126 CREDITORS -127188-221927 -94067 -61148 -92012 TAXATIONRESERVE (NOTE 5) BANKLOANS AND OVERDRAFTS -3663 NETCURRENT ASSETS 29131 23484183906 138264 84114 REPAIRDEPARTMENT 27255 32369 21457 24109 26375 CAPITAL EMPLOYED 665584 667216 695352 646416 586521 SOURCEOFFUNDS ORDINARYSHARES (NOTE 6) 200000200000 200000 200000 200000 SPECIALRESERVE 15000 15000 15000 15000 15000 ORDINARYRESERVE 200000200000 200000 200000 200000 CONTINGENCYACCOUNT (NOTE 7) PROFITAND LOSS ACCOUNT 85084 87541 116502 68391 9321 500084 502541 531502 483391 424321 PREFERENCESHARES (NOTE 8) 132200 132200 132200 132200 132200 BONDS(NOTE 9) 33300 32475 31650 30825 30000 P&0 (NOTE10) 665584 667216 695352 646416 586521 APPENDIXVIb continued ALEXANDERSTEPHEN & SON LTD. YEARTO 31ST MARCH 1935 1936 1937 1938 1939 zLLLi TRADINGPROFIT/-LOSS (NOTE 1) -40445 35129 22952 99378 94466 EXCEPTIONALITEMS (NOTE 2) 140625 -94938 64 DEPRECIATION -11544 -10414 -12571 -17570 BANKAND LOAN INTEREST 3565 1457 962 4617 3039 BONDINTEREST -1200 -1200 -1200 -1200 -1200 TAXATION 8844 3830 15543 1690 1330 NETPROFIT/-LOSS FORYEAR 111389 -67266 27907 91914 80065 REPAIRDEPARTMENT (NOTE3) -13936 4984 11213 12786 9662 BALANCEBROUGHT FORWARD 9321 6774 27882 27342 110432 RESERVES -100000 90000 PREFERENCEDIVIDEND -6610 -39660 -6610 -6610 ORDINARYDIVIDEND -15000 -30000 BALANCECARRIED FORWARD 6774 27882 27342 110432 163549

YEAR-ENDBALANCE SHEET

FORMATIONEXPENSES FIXEDASSETS ATSTART OF YEAR 450182 461180 454492 485426 502058 NETADDITIONS (NOTE 4) 10998 4856 41350 29201 40873 PROVISIONFORDEPRECIATION -11544 -10414 -12571 -17570 ATEND OF YEAR 461180 454492 485428 502058 525361 TRADEINVESTMENTS 146011 61580 24100 35950 14600 INVENTORIES 93908 120637 51117 258731 8435 DEBTORS 30481 42876 70147 50285 79966 GOVERNMENTSTOCK BANKAND CASH 22550 9968 78889 11409 282681 146939 173481 200153 320425 371082 CREDITORS -94643-114856 -136525 -217654 -189937 TAXATIONRESERVE (NOTE 5) BANKLOANS AND OVERDRAFTS NETCURRENT ASSETS 52296 58625 63628 102771 181145 REPAIRDEPARTMENT 24487 40385 41386 56853 29643 CAPITALEMPLOYED 683974 615082 614542 697632 750749 SOURCEOFFUNDS ORDINARYSHARES (NOTE 6) 200000 200000 200000 200000 200000 SPECIALRESERVE 15000 15000 15000 15000 15000 ORDINARYRESERVE 200000 200000 200000 200000 200000 CONTINGENCYACCOUNT (NOTE 7) 100000 10000 10000 10000 10000 PROFITAND LOSS ACCOUNT 6774 27882 27342 110432 163549 521774 452882 452342 535432 588549 PREFERENCESHARES (NOTE 8) 132200 132200 132200 132200 132200 BONDS(NOTE 9) 30000 30000 30000 30000 30000 P&0 (NOTE10) 683974 615082 614542 697632 750749 APPENDIXEVIb continued

NOTESON ACCOUNTS

1) See Appendix EVIc.

2) See Appendix EVId.

3) In addition to shipbuilding and marine engineering, Stephen's had a substantial ship repair business. From 1904 to 1928 the Repair Department operated from a separate site at GovanRoad. 'Buildings, Plant and Materials' relating to this department are identified separately in the company's accounts from 1905-06 onwards and the profit earned by the department is separately stated from 1911-12 onwards. This practice continued even after GovanRoad was closed and the Repair Department movedto Linthouse in 1928.

4) See Appendix EVIe.

5)In this case the balance at tri buted to taxation represents only the amount of the provision for Excess Profits Tax in the current year's accounts.

6) Ordinary Shares of Ll each 7) Contingency'Account was created in 1915-16 by reversing amounts written-off in 1914-15 in respect of additions to property and adjustments to stock valuations

8) The dividend on Preference Shares appears to

have been increased from 4',a to 50'00 in 1910-11, the year before the amount of Preference Shares issued increased from E102,200 to L132,200.

9) Bonds secured on the works and on the Holmfield Road property. The latter, taken out in 1913-14, was for L16,500. It was redeemedat a rate of L825 per annumover a twenty-year period. L10,000 of the initial bond of L30,000 on the works was redeemedin 1922-23. Both this and a further bond of L10,000 taken out in 1914-15 appear to have carried interest of 41Vper annum.

10) P&0 owneda controlling interest of 102,000 Ordinary Shares from 1918 until November1925 when the shares were transferred to Mackay& Co. (see UGD4/12/3 page 12). A balance of L80,437 on deposit with P&0 at 31st March 1919 has been treated as cash on hand but later advances by P&0 are assumedto represent additional capital provided by the company's owners to finance

postwar developments - most notably the purchase by Stephen's of 11,250 Ordinary Shares in the Steel Companyof Scotland. APPENDIXVIc

STEPHEN'S- DETAILS OF TRADING PROFIT YEARTO CONTRACTSRENTS INVESTMENTDIRECTORS TOTAL 31STMARCH ETC. INCOMEBONUS ETC. LLLLL

1917 135665 576 16649 152890 1918 200892 584 3664 -7500 197640 1919 193921 636 3337 -7500 190394 1920 192640 388 2843 -10000 185871 1921 15942U 395 7523 -10000 157338 1922 66544 7/45 8030 -5000 70319 1923 95848 395 11718 -5000 102961 1924 94492 676 8325 -5000 98493 1925 46410 884 2000 -2000 47294 1926 192797 1007 1328 -9812 185320 1927 -49397 941 5426 -43030 1928 -42555 725 3200 -38630 1929 39116 789 2250 42155 1930 11028 985 2440 14453 1931 15513 952 756 17221 1932 184939 1041 636 186616 1933 -61459 1053 546 -59860 1934 -58492 922 2327 -55243 1935 -43230 815 1970 -40445 1936 36507 1055 1197 -3630 35129 1937 22470 1026 734 -1278 22952 19313 101561 2906 -5089 99378 1939 97038 2102 -4674 94466 APPENDIXVid

STEPHEN,115- EXL-E CEPTIONA'- ITDIS r L

1922-1923INVESTMENT WRITTEN DOWN (STEEý CO. OF SCOTýANID) -119920 1923-1924 CO. OF SCO-11-AND) INVESTMENTWRITTEN DOV,'N (STEE'l- -113451 Rr)YAiMAI'- "F-AT TRANSPORT LTD.ARBITRATIM AI/C -39965 -153411 1925-1926INV ESTI! IENT WR I TTEEN OFF,- (A RCH. RE ID& CO.!- TD. ) -80ij 1931-1932 INVESTMENTSWRITTEN OFF SEPARATORSLTD. 'B' DEBENTURES -450 G'-ASGOWCAILKING MACHINE SYNDICATE -531 INVESTMENTSWRITTEN DOV,'N STEEI-CO. OlF SCOT'-AND -101250 S.S. INDLINA - 300P G'-ASGOV!SH1PBLIF-DING CO. -57L; -1058GI 1932-1933PROý7'IT ONSA'-E- OF WAR LOAN 440 1934-1935BOOV PROFIT ON SAýE OF STEEI- CO. OF SCOP-AND SHARES 141)625 1935-1936 JINVESTMENTS PRO-ýIT RiN SA; -E 01' 4463 ANCHOR--INE BP-l-S WRITTEN OFF 9941,-,'1 -94938' 1WEISTMENTS 64 1936-1937PHOFIT ON SA! -'- Or APPENDIXVIe

STEPHEN'S- NET ADDITIONS TOý-IXED ASSETS YEARTO GROUND& PLANT& TOTA'- 31STMARCH BU F-D I NGS MACHINERY IIf

1909 4592 1891 6483 1910 869 184.1 2710 19ii 1442 7518 8960 1912 1839 10621 12460 19113 6449 5279 1172LI 1914 31154 5880 37034 1915 5680 9633 15313 1916 36645 11014 47659 1917 3823 7659 .11.148 2 1918 5955 18094 24049 1919 50046 39262 89308 1920 16276 22413 38689 1921 17502 17619 35121 192-9 2116 13038 15154 12391 143 5122 5265 1924 13932 9316 23246

19 Z-25 1607 12945 14552 1926 3725 23581 27/306 1927 106 9952 10058 1928 16019 14293 30312 1929 2001 4454 6455 1930 3455 13255 16710 1931 5849 8711 14560 1932 -3420 247 -34'73 1933 -68 1673 1605 1934 -37 2637 2600 1935 1204 9794 10998 1936 127 4729 4856 1937 2765 38585 41350 1938 7821 21380 29201 1939 302 40571 40873 APPENDIXEVII

OTHERWARSHIPBUl'-DING YARDS

CONTENTS

2) Notes on sources. b) The '-ondon ý Glasaow Enqineerinq & Iron

Shiobuj I dinq Co. ý-td .- annual Profit & '-oss Accounts and Balance Sheets 1899-1912.

Profit & ! C', Alfred Yarrow & Co. ;-td. - annual -oss Accounts and Balance Sheets 1929-38 .

d) Denny & Co. '-td. - annual Tradinq and Plrofit 1,

I-oss Accounts 1934-39 . APPENDIXEVII

NOTESON SOU'RCES,

The avaiI at, le acco unt in qin fo r piat ion on the '-ondon &G lasqow

Enqineerinq and Iron S',)iDbuild,, nq Co. Ltd, Alfred Yarrow & Co.

'-td. and Willian Denny & Protners. '-td. is verý limited.

The accounts of the the '-ondon ?, 'k3lasclowEnqineerinq &

Iron Shi:)buildinq Co. 1-td. and Alfred Yarrow & Co. '-td. included in ADDeridices EVI1b and E'VIIc resoectivelýy have been extracted from Daid advertisements oublished annuallv in 'FairDlav'.

No comnarable sets of accounts have been found for V.ýilliam

Dennv & Brothers ý-td, tne comoanv formed by the niercler of

William Denny & Brothers atid Dennv ý Co. ir. 191e. The collection of business hiLstory records held by the Universitv of Glasqow (UGD3) contains neither sets of accounts nor nravate ledqers for this oeriod and the Iradinq and Profit &

'-oss Accounts for the Deriod 1934-39 included in Ar)Dendix EVIld are reconstructed from i,ournalk entries contained in UGD3/26/3. APPEN' DIXVTIb L SHIPBUI'-DIN'UCO.'-TD- THELONDON XNIDG! -ASGGOI,, ý'ENGINEERING & IRTIN YEARTO 39, TH JUNE IH99 190c 1901 1902 19C-3 1904 ££ rlý £ JI ££ TRADINGPROFFIT/-ý-OSS 15467 1562 21237 36114 90446 7859' EXCEPTIONA! - ITEMS DEPRE CIAT I ON -4816 -5710 -5237 -8460 - 813281 -8864 BANKAND '.OAN INTEREST BONDI'NJEREST -1933 -1917 -JR05 -1789 -1257 -1200 TAXv ^,,T 10,,; -597 -786 -1129 -285 -160 NETPROýIT/-'-OSS FOR, YEAR 19765 8141 -6851 13066 25580 8n730 68531 BA'-ANCEBROUGHT FORWARD 1713 1246 2348 -4503 1524 4057 3283 SUSPENSEACCOMT -45000 45000, R"Vr-N,'IJERESERVES -131Y3 -1600P, -60 -60000 ORDINARYDIVIDEND -71,ý39 -7039 -7039 -709 -30504 -56316 BAýANIC-F-CARPIED F-ORWARD 1246 2346 -4503 1524 4057 32P3 498

YEAR-ENnBA'-A,,, r-'ESHIEET

FIXEDASSETS ATSTART OF YEAR 2N744 211P96 21aI34 221861 218507 217878 NETADDITIONS 5968 11948 8964 5106 7652 1475 PROVISIONFOR DEPRECIATION -4476 -4816 -571 F, -5237 -8460 -8281 -8864 ATENI) OF YEAR 210744 211896 218134 221661 216507 217878 210469 TRADEINVESTMENTS 70C 1000 1000, INVENTORIES 56209 68738 63103 4848P 33166 16470 DEBTORS 7319 37F3 19645 28327 62749 61655 GOVERNMENTSTOCKETC. BANKAND CASH 11806 7244 10272 7976 56752 134187 81099 75336 79765 93020 84791 152667 212312 1 022 CREDITORS -66830 -61117 -57170 -66125 -5270 -70 -93133 BANK'-OA. N'S AND OVERDRAFTS NETCURRENT ASSETS 14269 14219 22595 24895 32090 82645 119179 CAPlTA'-EMPI-OYED 225013 226115 240729 24-6'o 56 251297 301523 330668 SOURCEOFFUNDS ORDINARYSHARES 125775 125775 147240 147240 147240 147240 190170 RESERVE 57992 579K 57992 57992 74000 BOOMI,140000 SUSPENSEACCOUNT 45000 PROFITAND '-OSS ACCOUNT 1246 2348 -4503 1524 4057 32S3 498 IB5013 186115 200729 206756 225297 275523 330666 BONDS 40000 40000 40000 400011 26000 26000 225013 226115 240729 246756 251297 301523 330668 APPENDIXVIIb continued CO I-TD. THELONDON -ANDGýASGOW ENGINEERING & IRON SHIPBUILDING

1908rL 1909 YEARTO 30TH JUNE 1905 1906 1907 1910 1911I- f- E 1 1- TRADINGPROFIT/-LOSS 21496 95275 13384 -B319 13545 6472 -1779 EXLCEPTIONAl-ITEMS 324 -1250 DEPRECCIATION -4717 -4575 -5012 -4646 -5060 -4732 -5245 BANK'AND AAN INTEREST BONDINTEREST TAX?"iTI ON -1590 NETPROFJT/-ýOSS FORYEAR, 16779 90700 8372 -12965 8809 -1100 -7024 BA-AINCEBROUGHT ý'ORWARLD 498 1438 28114 1289 324 3267 2167 SUSPENSEACCOUNT KVENUERESERVES -3000Cj 1200C ORDINARYDIVIDENI) - 15839 -34024 -35197 -5866 BA'_ XNýC, I CARRIED' FORWARD 1438 28114 1289 324 3267 2107 -4857

YLEAR-END BA;-AN. 'E SHEFT

F'IXEDASSETS ATSTART OF YEAR 2111489213225 1209808209 337 217187 2119U2255562 NIETADDITIDN'S 7453 115B 4541 12496 -225 48392 69239 5U60 PROVISIONr'OF' DEPRECIATIO, % -4717 -4575 -5UI2 -4646 - -47312 -5245 ATEND OF YEAR 213 2 2'5 209808 209337 217167 211902 255562 319556 TRADEINVESTMENTS 1120 11211 1120 1120 112U 1120 1120 INVENTORIES 2884F 43470 47016 70565 16243 39997 109616 DEBTORS 24b48 1916 31-74 3913 8510 23379 5865 GOVERNMENTSTOCKETC. 85100 81b6b 787/73 78773 59172 27371 27371 BANKAND CASH 4834 141403 75423 15611 106632 52523 2296 187139 268657 205186 168862 .190557 14327,1145148 CREDI TOR S -4b4il -69636 -33169 -1766U -31127 -28600 -70166 BANKýOANS AND OVERDRAFTS -3133C NETLCURRENT ASSETS 138728 198821 172017 11-51202 ý 159430 11467[) 43651L CAPITA'-EMPAYED 353073 409749 382474 369509 372452 37052 36432-8 SOURCEOFFUNiDS ORDINARYSHARES 21l635 211635 211185 211185 211185 211185 211118 5 RESE RVE 1400110170000 170003 1580M 158POIJ15 80 158000 SUSPEi',,'SEA( ' CO UNT PROFITAND f-OSS ACCOUNT 1436 28114 1289 324 3267 2167 -4857 353073 409749 382474 369509 37245-2 371352 364328 BOINDS 353073 409749 382474 369509 372452 371352 364328 APPENDIXVIlc

YARROW& CO. LTD YEARTO 30TH JUNE 1929 1930 1931 1932 1933 iLLLL NETPROFIT/-LOSS FORYEAR 3320 9696 16212 18479 20111 BALANCEBROUGHT FORWARD 4154 7474 9670 18382 19361 REVENUERESERVES -10000 -10000 ORDINARYDIVIDEND -7500 -7500 -7500 -7500 BALANCECARRIED FORWARD 7474 9670 18382 19361 21972

YEAR-ENDBALANCE SHEET

FIXEDASSETS 103500 100000 96000 ASSOCIATECOMPANIES 13000 31555 13000 INVENTORIES 59219 98603 296025 DEBTORS 107355 43097 30334 MARKETABLESECURITIES 23594 23594 23594 BANKAND CASH 5938 1149 812- 196106 166443 350765 CREDITORS -105669-118637 -125471 BANKLOANS AND OVERDRAFTS -38535 -142322 51862 47806 82972 CAPITALEMPLOYED 157474159670 168382 179361 191972

SOURCEOFFUNDS ORDINARYSHARES 150000150000 150000 150000 150000 GENERALRESERVE 10000 20000 PROFITAND LOSS ACCOUNT 7474 9670 18382 19361 21972 157474 159670 168382 179361 191972 APPENDIXVIIc continued

YARROW& CO. LTD YEARTO 30TH JUNE 1934 1935 1936 1937 1938 LLLLi NETPROFIT/-LOSS FORYEAR 37032 30680 36330 30510 45868 BALANCEBROUGHT FORWARD 21972 24004 24684 23514 26524 REVENUERESERVES -20000 -15000 -15000 -5000 -15000 ORDINARYDIVIDEND -15000 -15000 -22500 -22500 -30000 BALANCECARRIED FORWARD 24004 24684 23514 26524 27392

YEAR-ENDBALANCE SHEET

. FIXEDASSETS 95000 92000 94001 105501 118001 ASSOCIATECOMPANIES 13000 13000 13000 13000 13000 INVENTORIES 118005 142312 122144 58978 227595 DEBTORS T 37010 33852 65840 168014 71812 MARKETABLESECURITIES 61215 68340 62340 74340 74578 BANKAND CASH 36816 25201 16407 40076 29106 253046 269705 266731 341408 403091 CREDITORS -147042-145021 -130218 -208385 -266700 BANKLOANS AND OVERDRAFTS 106004 124684 136513 133023 136391 CAPITALEMPLOYED 214004 229684 243514 251524 267392

SOURCEOFFUNDS ORDINARYSHARES 150000 150000 150000 150000 150000 GENERALRESERVE 40000 55000 70000 75000 90000 PROFITAND LOSS ACCOUNT 24004 24684 23514 26524 27392 214004 229684 243514 251524 267392 APPENDIXEVIld WILLIAMDENNY & CO. LTD. TRADINGAND PROFIT & LOSS ACCOUNT. YEARTO 31st DECEMBER 1934 1935 1936 1937 1938 1939

PROFIT/-LOSSONCOMPLETED CONTRACTS 4256 2329 -16357 75913 89853 278064 PROFITON UNCOMPLETED CONTRACTS 48334 CONTRACTADJUSTMENTS 1612 -185 5619 255 -2 PROFIT/-LOSSONSMALL ORDERS 1333 1950 2399 5076 2124 3241 STOCKDIFFERENCES 6066 5735 9225 14531 10462 12764 OVERHEADSOVER/-UNDER RECOVERED -62333 -32996 8471 3421 24584 31351 SUNDRIES -11 -635 1890 -667 -138 -3563 HARDIEGORDON TRADING ACCOUNT -8164 ARDENVOHRTRADING ACCOUNT 3404 13067 -527 320 INVESTMENTINCOME 1011 2179 5418 1948 2904 2892 RENTS 307 546 449 468 467 264 MANAGEMENTFEE- BLACKBURN AIRCRAFT 2500 5000 5000 TRADINGPROFIT/-LOSS -52519 -8010 16587 103510 135531 378345 EXCEPTIONALITEMS (SEE NOTE BELOW) -3404 -13067 14869 -16000 -15642 DEPRECIATIONOFFIXED ASSETS -120 -85 -158 -41507 -29638 -49985 INTEREST -70 -138 -435 2014 2088 6735 TAXATION 3500 6000 3750 -25000 -82000 NETPROFIT/-LOSS -56113 -17800 36863 67767 66981 237453 QUEENSFERRYOPERATION 8000 14000 18000 15000 17000 14000

TRANSFERSFROM/-TO RESERVES 35000 15000 -70000 -70000 -lE+05 PREFERENCEDIVIDEND -15000 -30000 -15000 -15000 -15000 ORDINARYDIVIDEND -6250 -12500 NETSURPLUS/-DEFICIT -13113 -3BOO 24863 -2233 -7269 108953

NOTE: THE EXCEPTIONAL ITEMSARE MADE UP AS FOLLOWS 1934: INVESTMENTIN 55 ARDENVOHRWRITTEN DOWN. 1935: INVESTMENTIN SS ARDENVOHR WRITTEN DOWN. 1936: PROFITON SALE (? ) OFINVESTMENT IN SS ARDENVOHR. 1938: INVESTMENTIN BLACKBURN AIRCRAFT CO. WRITTEN DOWN. 1939 : INVESTMENTIN BLACKBURN AIRCRAFT CO. WRITTEN DOWN. Z15,667 PROFITON SALE OF INVESTMENT IN N.S. S. L25 APPENDIXF

CýYDEWARSHIPBUILDERS' CONTRACT COSTS

TABLEOF CONTENTS

1) Notes on format.

11) Fairfield Shipbuilding & Engineering Co. Ltd.

III) Clydebank.

IV) William Beardnore & Co. Ltd. (Dalmuir)

V) Scott's Shipbuilding & Engineering Co. Ltd.

VI) Alexanoer Stephen & Sons Ltd.

VII) William Denny & Brothers Ltd. APPENDIXFI

NOTESON FORMAT.

While much of the material contained in this appendix is taken from cost

records which differ from firm to firm, the presentation is standardised and, in so far as it is possible to determine from the records used, the figures quoted are in accord with the following definitions: 1) NET PROFIT on a contract is the net profit (or -loss) as calculated by the company itself.

2) INVOICE PRICE is the total amount charged to customers including

extras. The amount shown is net of credits given but these

do not necessarily include all claims in respect of the contract.

3) DEDUCTIONis any proportion of the contract price reserved for

agents and levies imposed by the Shipbuilding Conference and the Warshipbuilders Committee.

4) MATERIALSinclude the cost of all materials used on the

contract whether purchased specially or issued from stock. 5) LABOURincludes the cost of all labour recorded by the firm

as having been employed on the contract. In practice this

appears to have included most of a firm's workforce 6xcept

salaried staff, indirect labour being allocated to contracts

by adding a percentage to the cost of direct labour incurred.

6) OVERHEADSis the amount of charges other than those for materials and labGur allocated by the firm to a contract in

determining net profit/-loss.

7) CONTRIRU TI ON TO OVERHEADSANj) PROc'IT is the balance reM2i ning

2f ter deducting DEDUCTION5, MIATERI A!-S and '-ABOURf rom the INVOICE

PRI CE. The percentage qi ven .,s the percent arle of INVOICE PPICE

Notes:

le is that the Clyde a)Whi there no evidence any of warshi Ipbuilders consciously changed their perception of materials and labour dur.-L-,, o

the period under review it should be borne in mind that over a

period of half a century relative minor chanqes could have a significant cumulative effect. Further where fi rms manufactured

items for stock and then used them in tne bui I dinq of a ship at a

later date the entire cost is necessarily shown as materials

even thouah it may include elements of both labour and overheads . b)Wherever possible-, costs of hulls and engines (including boilers)

are shown separately but it is possible tnat the division of work

between hulls and machinery differed between one firm and another

and even within tne sane firm over time .

c) Throuahout this appendix , figures for DEDUCTION'Sare only qi verl

where tney apply . With regard to MATERIV-S, LABOURand OVERHEADS blank spGces mean that the relevant fiqures are not available and 0

means that the fiqure is zero . An asterisk (*) in the labour column means that the division between material and labour is not

known and the whole cost is shown in the material column. APPENDIXFII

THEFAIRFIELD SHIPBUILDING & ENGINEERINGCO. LTD.

Fairfield's contract records differ fror. those of the other Clyde warshipbuilders in that the company's financial and costing records were not fully integrated until 1931-32. However, an outline of the company's accounting system contained in tne 'Explanation of Accounting Records' (UCS 2/30/1), shows that contract cost records were prepared by re-analysing the same data from which the financial accounts were prepared and tne surviving records include a number of volumes containing details of contract costs and profits presumably extracted from these detailed cost records.

Apart from the details of some uncompleted and cancelled contract which have been taken from Contract Cost Book UCS2/74/1, all invoice prices, costs and net profits or losses for Works Orders 399-670 have been taken from Vessel Cost Books UCS2/71/2 and UCS2/71/3 which cover-

Works Orders 399-625 and Works Orders 626-670 respectively.

Comparable summaries of contract costs and profits are not available for earlier works orders and the material which has survived is not entirely satisfactory. While invoice prices and the prime costs of hulls, engines and boilers for Works Orders 339-380 are given in UCS

2/73/1 separate analyses of the prime cost of the hulls of Works Orders

339-376 given in UCS2/73/2 and UCS2/73/3 do not agree with the corresponding total hull costs given in UCS2/73/1. Similarly UCS2/71/1 gives contract prices together with the prime costs of hulls, engines and boilers and a breakdownof hull costs for Works Orders 377-398 but the contract prices do not always include extras with the result that they do not agree with those given elsewhere in UCS2/73/6. Further, none of the records gi ve figures for overhead charges or net profit, /-loss .Tne data on Works Orders 339-396 contained in this appendix is based on the information qi ven in UCS2.1713111 and UCS2/71/ 1 wi th the fo,I lovii nq amendnent!ý: 1) Wheredetailed hull cost-s gi ven in UCS2/73/ý and UCS2/73/3 differ from the tota I hu11 cost qi ven in UCS2/7 3/ 1, the former have been taken as cor rect since these vcl unes belonaed to Richard Barnwell and Frances Elqar respectively 2 As the contract pri ces qi ven in UCS2/7 1/ 1 do not

always incl ude extras , the contract pr 1ces qi ven in UCS2/73/6 have been used instead.

3 Complete fi oures for Works Orders 364, 370, 391 and 392 included in UCS2/71/21 suggest that it was standard practice at this time fo r the fi rrn

to add ! C?-' to the pri me cost of hu-1, Is and 2C`ý'to the prime cost of engines and boilers to cover overheads. Accordingly these percentages have been applied to the costs of all other works orders to indicate the probabIle net prof i t/-Ioss on each contract.

Under these ci rcumstances the fi gures for Works Orders 339-398 gi ven in th is appendix may not be corre ct but the author has deci ded to in cI ude them as a guide to the relative value and profitability of contracts undertaken by the companyin the 1890's. FAiRFIELD SHIPBUILDING & ENGINEERING CO. LTD.

WORKS CUSTOMER NAME NVO1CE DEDUCTION MATERIALS LABOUR CONTRIBUTION TO OVERHEADS NET PROFIT YEAR ORDER PRICE HULL ENGINES HULL ENGINES OVERHEADS& PROFIT SHIPYARD ENGINE COMPLETED SHOP °' £££££ £ 0 £££

339 PACIFIC MAIL S. S. CO. CHINA 153686 42771 41455 27298 * 42162 27.43 7UU7 8291 26864 1889/1890 341 NORDI)EUTSCHERLLOYD KARLSRUHE 111 581 53033 21416 25067 12065 10.81 7810 * 2B3 -28 1889/1890 342 NORDDEUTSCHERLLOYD STUTTGART 111894 78423 21416 ** 12055 10.77 7842 42813 -70 1889/1890 343 HAMBURGAMERIKA LINE NURMANIA 293105 91200 98102 58301 * 45502 15.52 14950 19620 10932 1889/1890 344 THOS.COOK & SONS RAMESESTHE GREAT 14822 5740 3389 2703 * 2990 20.17 844 678 1468 1889/1890 345 SIR WILLIAM PEAREE LADY TORERIDA 24756 10405 4496 5930 * 3925 15.85 1663 899 1363 1889/1890 346 ADMIRALTY (CRUISER ENGINES) HMS EDGAR 103796 0 74996 0* 28800 27.75 0 14999 13801 1890/1891 (CRUISER 347 ADMIRALTY ENGINES) HMS HAWKE 103098 0 74471 0* 28627 27.77 0 14494 14133 1890/1891 348 SIR DONALD CURRIE DUNOTTARCASTLE 169532 61146 47132 36047 * 25207 14.87 9719 9426 6062 1890/1891 349 C&] BURNS ADDER 59850 14813 20110 10923 * 14004 23.40 2574 4022 7408 1889/1890 350 SCOTTISH ORIENTAL CO. SOMDETCHPHRANANG 42966 14815 10030 9175 * 8946 20.82 2399 2006 4541 1890/1U91 351 SCOTTISH ORIENTAL CO. PHRANANG 43017 14333 10398 8932 * 8854 20.58 2376 20130 4398 1890/1891 352 NORDDEUTSCHERLLOYD DARNSTADT 133560 5U579 23872 29650 * 21459 16.07 8823 4774 7862 1890/1891 353 NORDDEUTSCHERLLOYD GERA 134220 57889 24265 28477 * 23589 17.57 8637 4853 10099 1890/1891 354 NORDDEUTSCHERLLOYD OLDENBURG 133663 58052 23762 28500 * 23349 17.47 8655 4752 9942 1890/1891 355 NORDDEUTSCHERLLOYD WEI MAR 133581 58199 24539 29056 * 21787 16.31 8725 4908 8154 1890/1891 356 ISLE OF I1AN S. P. CO. TYNWALD 56531 13713 21173 9519 * 12126 21.45 2323 4234 5569 1890/1891 357 SIR DONALD CURRIE HAWARDENCASTLE 50741 8956 24736 11224 5825 11.48 * 2118 4947 -1240 1891/1892 358 SIR DONALD CURRIE NORHAMCASTLE 52779 9719 25005 11845 6210 11.77 5000 * 2156 -946 1891/1892 359 SCOTTISH ORIENTAL CO. LOU SOK 42967 14149 10222 8499 * 10097 23.50 2265 2044 5788 1890/1891 360 LIVERPOOL & N. WALES STEAMSHIP CO. ST. TUDNO 50127 10992 19135 8591 * 11409 22.76 1958 3827 5624 1890/1891 31 GIBSON CLARK & CO. PASS OF MELFORT 23890 14493 0 7231 0 2166 9.07 0 2172 -6 1891/1892 362 SIR DONALD CURRIE WARWICKCASTLE 41693 20001 * 13224 * 8468 20.31 2000 2644 3824 1891/1892 363 SIR DONALD CURRIE CONWAYCASTLE 41275 20938 * 11764 * 8573 20.77 2094 2353 4126 1891/1892 CUNARD 136626 5.25 364 STEAM SHIP CO. CAMPANIA 494074 176568 115102 39833 259L5 29167 35292 -38514 1892/1893 136626 365 CUNARDSTEAM SHIP CO. LUCANIA 496509 172738 106787 39833 40525 8.16 27952 35292 -22719 1893/1894 366 VICTORIA STEAM SHIP CO. KOH-I-NOOR 44515 11351 15329 10909 * 6926 15.56 2226 3U6 1.634 1891/1892 367 COMMISSIONERSOF N. LIGHTSHIPS POLE STAR 24680 6481 8639 5376 * 4184 16.95 1728 1186 1270 1892/1893 368 BRICGS HARVEY & CO. CHILTONFORD 24000 14315 0 7363 0 2322 9.68 2168 0 154 1892/1893 369 ADMIRALTY (TORPEDO GUNBOATENGINES)HMS HAZARD 22695 U 19161 0 4164 -630 -2.78 0 4665 -5295 1893/1894 370 G&J BURNS HOUND 37500 15921 8897 9905 4867 -2090 -5.57 2582 2752 -7424 1892/1893 371 LONDONMARGATE & RAMSGATERAILWAY ROYAL SOVEREIGN 48056 11120 14729 8840 * 13367 27.82 1996 2946 8425 1892/1893 372 BRIGGS HARVEY & CO. CHELMSFORD 24000 12890 0 5746 0 5364 22.35 1864 1) 3500 1893/1894 373 SIR DONALD CURRIE TANTALLON CASTLE 170111 54236 46142 30541 * 39192 23.04 8478 922E 21486 1893/1894 374 SCOTTISH ORIENTAL CO. MACHEW 36309 11067 8134 6829 * 10279 28.31 1790 162? 6862 1894/1895 375 PALACE STEAM SHIP CO. LA MARGUERITE 80901 19667 24679 13203 * 23352 28.86 3287 493( 15129 1893/1894 H. B McCALMONT 376 .L. Cr RALDA 107937 29735 22922 16685 * 38595 35.76 4642 4584 29369 1894/1895 377 SIR DONALD CURRIE ARUNDEL CASTLE 95252 41286 21255 21686 * 11025 11.57 6297 425] 477 1894/1895 378 ADMIRALTY (DESTROYER) Ht1S HANDY 35984 3546 15608 5732 * 11098 30.84 928 3122 7048 1895/1896 (DESTROYER) 379 ADMIRALTY HMS HART 35984 3555 15608 5682 * 11139 30.96 924 3122 7093 1894/1895 300 ADMIRALTY (DESTROYER) HMS HUNTER 35984 3571 15608 6116 * 10689 29.70 969 3122 6598 1894/1895 381 ADMIRALTY (SECOND-CLASS CRUISER) HMS VENUS 214188 66307 51576 55947 * 40358 18.84 12225 10315 17818 1895/1896 382 ADMIRALTY (SECOND-CLASS CRUISER) HtIS DIANA 214188 65699 50266 54077 * 44146 20.61 11978 10053 22115 1896/1897 383 SCOTTISH ORIENTAL CO. KEONG WAI 37001) 131123 7893 7226 * 8858 23.94 2025 1579 5254 1894/1895 384 ZEELAND STEAM SHIP CO. KONINGEN WILHELMINA 76089 17882 34026 13782 * 10399 13.67 3166 6805 428 1895/1896 385 ZEELAND STEAM SHIP CO. KONINGEN REGENTES 75759 17521 33728 13414 * 11096 14.65 3093 674e 1257 1895/1896 FAIRFIELD SHIPBUILDING & ENGINEERING CO. LTD.

WORKS CUSTOMER NAME INVOICE DEDUCTION MATERIALS LABOUR CONTRIBUTION TO OVERHEADS NET PROFIT YEAR ORDER PRICE HULL ENGINES HULL ENCINES OVERHEADS& PROFIT SHIPYARD ENGINE COMPLETED SHOP £ ££££ £%£££

1386 ZEELAND STEA1 SHIP CO. PRINS HENDRIK 76225 17158 32767 12667 * 13633 17.89 2983 6553 4U97 1895/1896 387 SCOTTISH ORIENTAL CO. CHOWTAI 35253 12061 8186 7790 * 7216 20.47 1985 1637 3594 1894/1895 388 SCOTTISH ORIENTAL CO. WONGKOl 35246 11982 8456 7795 * 71)13 19.90 1978 1691 3344 1895/1896 389 SIR DONALD C(JRRIE DUNVEGANCASTLE 173240 59495 46225 35903 * 31617 18.25 9540 9245 12832 1896/1897 (PROTECTED 390 ADMIRALTY CRUISER) HMS DIADEM 460077 112919 124670 11793 * 104995 22.82 23041 24934 57(i20 1897/1898 391 LIVERPOOL & N. WALES STEAMSHIP CO. ST EL VIES . 30285 7634 7898 6843 3832 4078 13.47 1448 2346 284 1895/1896 392 ISLE OF NAN STEAM PACKET CO. EMPRESSQUEEN 109789 25924 34118 22288 14616 12843 11.70 4821 9747 -1725 1897/1898 393 SIR DONALD CURRIE TINTAGEL CASTLE 117635 45769 25147 28227 * 18492 15.72 7399 5029 6064 1896/1897 394 SIR DONALD CURRIE AVUNDALE CASTLE 117501 45219 25147 28536 * 18599 15.83 7375 5U29 6195 1896/1897 395 ADMIRALTY (DESTROYER) HMS GYPSY 52509 5211 21901 9571 * 15826 30.14 1478 4380 9968 1897/1898 396 ADMIRALTY (DESTROYER) HMS FAIRY 52509 4811 21901 9033 * 16764 31.93 1384 4380 11000 1898/1899 397 ADMIRALTY (DESTROYER) HMS OSPREY 52 509 4713 21901 8789 * 17106 32.58 1349 4380 11377 1897/1898 398 ADMIRALTY (PROTECTEDCRUISER) HMS ARGONAUT 472473 11)8433 91137 134555 38027 100321 21.23 23680 25833 50808 1898/1899 399 RUMANIAN STATE RAILWAY REGELE CAROL 1 91 518 30710 19825 22542 9465 8976 9.81 5325 5858 -22U7 1897/1898 SIR DONALD 400 CURRIE CAR1SBROOKCASTLE 228632 75151 44403 53959 16785 38334 16.77 12911 12237 13186 1897/1898 401 ADMIRALTY (SECOND CLASS CRUISER) HMS HERMES 236421 64468 53292 68486 23137 27038 11.44 13295 15286 -1543 1898/1899 402 ADMIRALTY (SECOND CLASS CRUISER) HS HIGHFLYER 234261 58281 50852 72401 22919 29808 12.72 13068 14754 1986 1898/1899 4U3 BARON ROTHSCHILD ATMAH 7 5201) 21968 14338 20781 6768 11345 15.09 4274 4221 2850 1898/1899 404 ORIENT LINE OHRAH 224816 85314 49593 76433 21162 16174 14151 -7686 -3.42 -38011 1898/1899 405 ADMIRALTY (DESTROYER) HMS LEVEN 49872 4711 18729 9233 7147 10052 20.16 1394 5175 3483 1898/1899 (CRUISER 406 ADMIRALTY ENGINES) HMS PIONEER 49671 0 30879 0 15733 3059 6.16 0 9322 -6263 1898/1899 4U7 SIR DONALD CURRIE KINFAUNS CASTLE 271034 94738 51024 71471 21041 32760 12.09 17522 6227 9011 1899/1900 408 SIR DONALD CURRIE KILDONAN CASTLE 276190 90383 49938 64353 20689 50827 18.40 17531 6228 27068 1899/1900 409 ADMIRALTY (ARMOURED CRUISER) HMS CRESSY 502524 121657 113041 140724 38770 88332 17.58 28255 15070 4501)7 1900/1901 (AR1oUREu 410 ADMIRALTY CRUISER) H1S AßOUKIR 502009 124976 111050 142212 37741 86030 17.14 30116 14537 41377 1900/1901 4L1 ADMIRALTY (ARMOURED CRUISER) HMS GOODHOPE 685189 129463 162830 166303 56385 170208 24.84 34765 24105 111338 1901/1902 412 (DESTROYER) ADMIRALTY HMS FALCON 60080 5768 18063 9901 7597 18751 31.21 1633 2797 14321 1899/1900 413 ADMIRALTY (DESTROYER) HMS OSTRICH 60120 5646 17519 9768 7373 19814 32.96 1633 2748 15433 1899/1900 414 ADMIRALTY (ARMOURED CRUISER) HMS BEDFORD 503100 91253 124540 109982 39868 137457 27.32 23843 18287 95327 1901/1902 415 ROYAL INDIAN MARINE HMIS HARDINGE 208447 76452 39452 50509 15691 26343 12.64 14558 6410 5375 1900/1901 416 NIPPON YUSEN KAISHA KUMANUMARU 129724 53637 24553 35704 8842 6988 5.39 11182 4166 -8360 1901/1902 417 ADMIRALTY (ARMOUREDCRUISER) HMS DONEGAL 552708 97884 135060 109271 38327 172166 31.15 25880 19810 126476 1903/1904 418 ORIENT LINE ORONTES 312886 94144 52326 81862 201)48 64506 20.62 21685 7839 34982 1902/1903 419 PACIFIC STEAM NAVIGATION CO. PANAMA 13 5178 46909 24333 31607 10106 22223 16.44 9420 3517 9286 1902/1903 420 PACIFIC STEAM NAVIGATION CO. VICTORIA 153396 52843 24386 36531 10842 28794 18.77 10996 3699 14099 1902/1903 421 ADMIRALTY (HMS refit JASON) 41150 2557 18985 7001 6794 5013 12.18 1340 2601 1072 1902/1903 122 ADMIRALTY (UMS refit CIRCE) 43096 2691 20719 6385 6877 6424 14.91 1128 3154 2142 1902/1903 423 ADMIRALTY (BATTLESHIP) HMS COMMONWEALTH 661670 141787 147491 168780 27059 176553 26.68 39043 19619 117891 1904/1905 424 UNION-CASTLE STEAMSHIP MAIL CO. ARt1ADALECASTLE 373842 111246 61659 74373 21758 104806 28.03 23587 9402 71817 1903/1904 425 CHIRKET HAIRIE BOSPHOROUSNo. 47 5991 1521 1096 1572 854 948 15.82 404 230 314 1902/1903 426 CHIRKET HARIE BOSPHOROUSNo. 48 5991 1494 1097 1544 854 1002 16.73 402 230 371) 1902/1903 427 CHIRKET HAIRIE BOSPHOROUS No. 49 18175 4179 3389 3909 2157 4541 24.98 1062 655 2824 1902/1903 128 CHIRKET HAIRIE BOSPHOROUSNo. 50 18000 4136 3390 3964 2157 4353 24.18 1063 655 2635 1902/1903 429 ADMIRALTY refit (HMS LEDA) 44760 2221 20517 6049 6168 9805 21.91 991 2973 5841 1903/1904 L3O ADMIRALTY boilers 61469 0 39025 0 9009 13435 21.86 0 4798 8637 1904/1905 431 ADMIRALTY (THIRD CLASS CRUISER) HMS FORWARD 211040 46872 62735 37234 20127 44072 20.88 10104 8461 25507 1905/1906 FAIRFIELD SHIPBUILDING & ENGINEERING CO. LTD.

WORKS CUSTOMER NAME INVOICE DEDUCTION MATERIALS LABOUR CONTRIBUTION TO OVERHEADS NET PROFIT YEAR ORDER PRICE HULL ENGINES HULL ENGINES OVERHEADS& PROFIT SHIPYARD ENGINE COMPLETED SHOP £ £££££%££ £

432 CALEDONIAN RAILWAY CO. DUCHESSOF FIFE 21700 6038 5136 5894 2962 167U 7.70 1559 956 -845 1902/1903 433 UNION-CASTLE MAIL STEAMSHIP CO. DURHAMCASTLE 182852 69755 29487 46130 11499 25981 14.21 14078 124B 7655 1903/1904 434 ADMIRALTY (THIRD CLASS CRUISER) HNIS FORESIGHT 271268 46203 62915 34723 18496 1U8926 40.15 9716 8363 90847 1905/1906 435 ADMIRALTY (ARMOUREDCRUISER) HMS COCHRANE 638097 128241 147838 123864 43439 194715 30.51 28515 21733 144467 1906/1907 709 1903/1904 436 C. COATS ecq. QUEEN OF SCOTS 31082 12870 4324 11204 2863 -179 -0.58 2860 -3748 437 Col. MOSLEY NARCISSUS 47867 16664 7922 11154 4707 7420 15.50 3425 1292 2703 1904/1905 5139 1904/1905 438 HAMBURGAMERIKA LINE FUERST BISMARCK 174872 82384 331B9 51230 15085 -7016 -4.01 16553 -28708 439 SOUTH COAST RAILWAY CO. DIEPPE 66060 18964 17304 13022 7595 9175 13.89 3965 2492 2718 1904/1905 440 CHIRKET HAIRIE BOSPHOHOUSNo. 51 6146 2229 880 1614 706 719 11.69 477 170 72 1904/1905 441 CHIRKET HAIRIE BOSPHOROUSNo. 52 6148 2235 881 1577 703 752 12.23 473 170 109 1904/1905 442 CANADIAN PACIFIC RAILWAYS Et1PRESSOF BRITAIN 382449 136552 82484 90521 25777 47115 12.32 24947 14147 8021 1905/1906 443 CANADIAN PACIFIC RAILWAYS EMP8ESS OF IRELAND 379611 135570 80156 88680 25625 49580 13.06 24409 13903 11268 1905/1906 444 G&3 BURNS VIPER 77988 21278 19639 17233 9415 10423 13.36 4026 3983 2414 1905/1906 445 ADMIRALTY (BATTLECRUISER) HMS INDOMITABLE 1278196 493284 246223 203280 77945 257464 20.14 76816 40077 140571 1908/1909 446 CHIRKET HAIRIE BOSPHOROUSNo. 57 6445 1810 972 1210 750 1703 26.42 315 245 1143 1905/1906 447 CHIRKET HAIRIE BOSPHOROUSNo. 58 6445 1809 973 1210 749 1704 26.44 315 245 1144 1905/1906 448 VINCENZO FINIZIO VOLTURNO 74000 24455 9387 14237 5490 20431 27.61 3963 1853 14675 1906/1907 449 EGYPTIAN MAIL Co. HELIOPOLIS 310944 123884 59006 78883 21296 27075 8.71 22155 9899 -4979 1907/1908 45U EGYPTIAN MAIL Co. CAIRO 309785 123570 61095 80078 21512 23530 7.60 22490 9999 -8959 1907/1908 12029 451 LAIRD LINE HAZEL 52141 14650 13791 69.13 4758 9.13 2827 2147 -21t 1906/1907 452 CANADIAN PACIFIC RAILWAYS ASSINIBOIA 79572 28799 12481 2(1276 6157 11859 14.90 5461) 2214 4185 1907/1908 453 CANADIAN PACIFIC RAILWAYS KEEWATIN 79571 28799 12482 20275 6157 11858 14.90 5460 2214 4184 1907/1908 454 ADMIRALTY (BATTLESHIP ENGINES) 1415 BELLEROPHON 288940 0 176222 0 51726 60992 21.11 0 30840 30152 1908/1909 455 ADMIRALTY boilers 456 CANADIAN GOVERN¬NT repair 457 CANADIAN PACIFIC RAILWAYS PRINCESS CHARLOTTE 113404 33790 22749 245U2 8946 23417 20.65 7773 4660 10984 1908/1909 458 INDIAN GOVERNMENT LADY FRASER 62155 21533 10535 13294 4558 12235 19.68 4357 2157 5721 1907/1908 459 ORIENT LINE OTWAY 324800 103679 54362 71861 19962 74936 23.07 26532 10658 37746 1908/1909 460 ADMIRALTY (CRUISER ENGINES) UMS BELLONA 125848 0 75899 0 29557 20392 16.20 0 13813 6579 1909/1910 461 ZEELAND STCAMSHIP Co. PRINSES JULIANA 102253 27737 26420 20855 10567 16674 16.31 7468 4895 4311 1909/1910 462 ZEELAND STEAMSHIP Co. ORANJE NASSAU 102239 27737 25732 20262 9395 19113 18.69 7337 4704 7072 1909/1910 463 ZEELAND STEAMSHIP Co. t[CKLENBURG 102274 27738 25792 19531 9128 20085 19.64 7056 4681 8348 1909/1910 464 ADMIRALTY (DESTROYER) HtIS GRASSHOPPER 102274 12740 28605 18187 11122 31620 30.92 4L21 4751 22448 1910/1911 465 ADMIRALTY (DESTROYER) HMS MOSQUITO 99974 12740 28606 17116 11043 30L69 30.48 4262 4740 21467 1910/1911 466 ADMIRALTY (DESTROYER) HMS SCORPION 98974 12740 28606 17U69 11059 29500 29.81 4257 4745 20498 1910/1911 467 ADMIRALTY (PROTECTED CRUISER) HMS GLASGOW 302806 68863 83999 74800 30857 442B7 14.63 20704 14149 9434 1910/1911 468 UNION-CASTLE MAIL STEAMSHIP CO. BALMORAL CASTLE 332129 119832 56631 69824 22914 62928 18.95 27756 10005 25167 1909/1910 469 ADMIRALTY (DESTROYER) HMAS PARRAMATTA 84684 17915 23690 14744 9520 18815 22.22 4610 4019 10186 1910/1911 470 ADMIRALTY (DESTROYER) HMAS WARREGO 73414 17959 23017 10321 6799 J.531 20.87 4031 3654 7633 1910/1911 471 ADMIRALTY (DESTROYER) HMS CAMELEON 93229 9845 27692 16198 9070 30424 32.63 3722 469 22233 1910/1911 472 ADMIRALTY (DESTROYER) HMS COMET 90074 9845 27692 15463 8717 28357 31.48 3628 4421 20308 1910/1911 473 ADrIIRALTY (DESTROYER) HMS GOLDFiNCH 89171 9845 27692 15446 8897 27291 30.61 3637 4444 19210 1910/1911 474 CANADIAN PACIFIC RAILWAYS PRINCESS ADELAIDE 75097 24709 13843 19728 6482 10335 13.76 6361 2555 1419 1910/1911 5946 1196 1910/1911 475-476 CHIRKET HAIRIE BOSPHOROUSNo. 65, No. 66 29270 11717 8248 3731 -372 -1.27 2862 -4430 477 ADMIRALTY (BATTLECRUISER) HMS NEW ZEALAND 890728 222821 232185 220598 68135 1i6989 16.50 58563 37972 50454 1912/1913 4Th UNION-CASTLE MAIL STEAMSHIP CO. GLOUCESTERCASTLE 151170 64197 22900 47653 10076 6344 4.20 16838 4354 -14848 1910/1911 FAIRFIELD SHIPBUILDING & ENGINEERING CO. LTD.

WORKS CUSTOMER NAME INVOICE DEDUCTION MATERIALS LABOUR CONTRIBUTION TO OVERHEADS NET PROFIT YEAR ORDER PRICE HULL ENGINES HULL ENGINES OVERHEADS& PROFIT SHIPYARD ENGINE COMPLETED SHOP ££££££%££ £

19383 1911/1912 479 UNION STEAMSHIP Co. of N. Z. MAUNGANUI 178349 84807 35028 59881 12252 -13619 -7.64 6210 -39212 480 RICHELIEU & ONTARIO SAG UE N AY 54286 17813 9249 18871 5291 3U62 5.64 5551 1937 -4L26 1910/1911 481 LONDON& S. W. RAILWAY NORMANIA 71023 23968 19129 19622 4483 3821 5.38 5477 2908 -4564 1911/1912 19129 19170 482 LONDON& S. W. RAILWAY HANTONIA 70946 23968 4597 4082 5.75 5412 2920 -4250 1911/1912 7U37 483 ADMIRALTY (SURVEY SHIP) HMS ENDEAVOUR 34171 12171 12895 4tJ66 -1998 -5.85 3076 1367 -6441 1911/1912 484 CANADIAN PACIFIC RAILWAYS EMPRESSOF RUSSIA 440751 167354 63819 98172 28393 63013 14.30 29525 121393 21095 1912/1913 485 CANADIAN PACIFIC RAIUfAYS EMPRESSOF ASIA 440751 167355 83819 97869 29086 62622 14.21 29159 12455 21008 1912/1913 16L62 486 C&J BURNS E RMI NE 74383 26545 19909 8358 3109 4.18 5544 2991 -5'26 1912/1913 487 ALLAN LINE CALGARIAN 489842 225723 79146 142617 33228 9128 1.86 40602 11414 -42888 1913/1914 488 ADMIRALTY (DESTROYER) HMS FORTUNE 1t33428 14039 40338 23723 13386 11942 11.55 4051 4911 2980 1913/1914 489 ADMIRALTY (DESTROYER) HMS LAFOREY 99780 13500 38557 2641 10530 12552 12.58 4174 4342 4036 1913/1914 491) ADMIRALTY (DESTROYER) HMS LAWFORD 98333 13734 38557 22130 10308 14104 14.27 3944 4323 51337 1913/1914 491 ADMIRALTY (DESTROYER) HMS LOUIS 98842 135(J[J 3B557 23115 10257 13413 13.57 4079 4313 5021 1913/1914 492 ADMIRALTY (DESTROYER) HMS LYDIARD 98842 13500 M3557 23898 9946 12941 13.09 4173 4282 4486 1913/1914 493 ADMIRALTY (CRUISER ENGINES) HMS LOWESTOFT 137187 0 91910 0 3U616 14661 10.69 0 10948 3713 1913/1914 494 UNION-CASTLE MAIL STEAMSHIP CO. LLANSTEPHEN CASTLE 292144 123878 36836 71701 16995 42734 14.63 21625 5027 16082 1913/1914 495 ADMIRALTY (UNARMOUREDCRUISER) HMS UNDAUNTEl) 337598 66592 9()420 75446 25522 79618 23.58 14398 9569 55651 1914/1915 1999 1914/1915 496 ADMIRALTY auxiliary engines 24899 0 1R11B 0 1u634 -. 3U53 -15.47 0 -5852 497 ADMIRALTY (BATTLESHIP) HMS VALIANT 1326458 3944ti8 329611 475444 92304 34691 2.62 8U831 32696 -78836 1915/1916 498 ADMIRALTY (CRUISER ENGINES) HMS ARETHUSA 151817 U 88966 0 22150 40701 26.81 0 9276 31425 1914/1915 499 ADMIRALTY (tERCHANT CRUISER) HMS AVENGER 414828 157768 8U37U 96U45 20028 60617 14.61 24(J41 7679 28897 1916/1917 500 ADMIRALTY (DESTROYER) HMS MELAMPUS 139163 19453 47828 21667 15201 35014 25.16 3255 3832 27927 1914/1915 501 ADMIRALTY (DESTROYER) HMS MELPOMENE 139163 19453 47832 22047 15296 34535 24.82 3127 3772 27636 1914/1915 502 ADMIRALTY (DESPATCH VESSEL) HMS WATERWITCH 25663 8978 4867 4582 1932 5304 20.67 1209 469 3626 1914/1915 5U3 ADMIRALTY (BATTLECRUISER) HMS RENOWN 2187814 412679 580393 560784 210707 423251 19.35 97329 50570 275352 1916/1917 5O ADMIRALTY (DESTROYER) HMS MANDATE 134783 14712 48749 32951 181B3 20188 14.98 2804 3045 14339 1914/1915 5U5 ADMIRALTY (DESTROYER) HMS MANNERS 132297 14712 48758 33174 16629 19024 14.38 2678 2930 13416 1914/1915 506 ADMIRALTY turbines 13751 0 1644 0 6939 5168 37.58 0 456 4712 1913/1914 507 ADMIRALTY (SUBMARINE) 1*15 E. 37 104210 19128 5955 38315 7042 33770 32.41 5108 700 27962 1915/1916 508 ADMIRALTY (SUBMARINE) HMS E. 38 102210 19128 6260 351130 6366 35276 34.51 4993 680 29603 1915/1916 509 ADMIRALTY (DESTROYER) HMS MINDFUL 159445 17298 47157 30976 15035 48979 30.72 4377 3646 40956 1915/1916 510 ADMIRALTY (DESTROYER) HMS MISCHIEF 153335 17298 47157 30294 14702 43884 30.65 4468 3622 35794 1915/1916 511 ADMIRALTY (DESTROYER) HMS ONSLAUGHT 143189 17298 47157 29484 14850 34400 24.02 4456 3631 26313 1915/1916 512 ADMIRALTY (DESTROYER) H1S ONSLOW 145427 17298 47157 32442 15113 33417 22.98 4767 3645 250U5 1915/1916 513 ADMIRALTY (SUBMARINE HULL) HMS E. 47 48420 16344 0 19851 0 12225 25.25 3413 0 8812 1916/1917 514 ADMIRALTY (SUBMARINE HULL) HMS E. 48 48420 16345 0 18981 0 13U94 27.04 3395 0 9699 1916/1917 5.b ADMiRALTY turbines 34350 0 16914 0 4488 12948 37.69 0 1147 118U1 1915/1916 51 ADMIRALTY (DESTROYER) HMS OBSERVOR 146528 21508 46753 29888 19221 29158 19.90 5228 4128 19802 1916/1917 517 ADMIRALTY (DESTROYER) HMS OFFA 146528 21508 46753 28198 18813 31256 21.33 5128 4126 22002 1916/1917 518 ADMIRALTY (DESTROYER) HMS ORCADIA 146528 21508 46753 29371 19146 29750 20.30 5436 4178 20136 1916/1917 519 ADMIRALTY (DESTROYER) HMS ORIANA 146527 21508 46753 28778 19633 29855 20.38 5583 4226 20046 1916/1917 520 ADMIRALTY (DESTROYER) HtIS PHEASANT 144378 20411 46929 27438 19654 29946 20.74 5657 4457 19832 1916/1917 521 ADMiRALTY (DESTROYER) HMS PHOEBE 144377 211411 46929 27558 19586 29893 20.71i 5744 4463 196F36 1916/1917 522 ADMIRALTY (SUBMARINE) HMS K. 13/22 330000 42970 43900 81869 34221) 127041 38.50 14728 5041 107272 1916/1917 (SUBMARINE) HMS K. 14 33U000 42970 43900 77277 34626 131227 39 77 14504 5067 111656 1916/1917 523 ADMIRALTY . 524 ADMIRALTY (DESTROYER) HMS TEMPEST 176318 23062 54737 27734 28598 42187 23.93 6406 5926 29855 1916/1917 FAIRFIELD SHIPBUILDING & ENGINEERING CO. LTD.

WORKS CUSTOMER NAME INVOICE DEDUCTION MATERIALS LABOUR CONTRIBUTION TO OVERHEADS NET PROFIT YEAR ORDER PRICE HULL ENGINES HULL ENGINES OVERHEADS PROFIT SHIPYARD ENGINE COMPLETED SHOP ££££££%££ £

525 ADMIRALTY (DESTIOYER) HMS UNDINE 17637L 240U2 53980 28047 24326 46519 26.30 6629 5750 34140 1916/1917 526 ADMIRALTY (CRUISER) HMS CARDIFF 481470 114719 118333 1O4373 64142 79898 16.59 27859 13256 3B7b3 1916/1917 527 ADMIRALTY (CANCELLED BATTLECRUISER)HMS RODNEY 321978 102394 136384 21179 17236 44785 13.91 16447 11885 16453 cancelled 528 CANADIAN PACIFIC RAILWAYS EMPRESSOF CANADA 2052535 693417 253650 512206 162424 430838 20.99 149061 58956 222821 1921/1922 529 CANADIAN PACIFIC RAiLWAYS MONTROSE 1668455 63l37 185211 390641 117944 340522 2(i. 41 124985 A8l83 167354 1921/1922 530 ADMIRALTY (DESTROYER) HMS VENDETTA 209126 29988 53701 36234 25147 64056 30.63 10140 6539 47377 1917/1918 531 ADMIRALTY (DESTROYER) HMS VENETIA 214776 29988 53701 39212 24316 67559 31.46 11291 6490 49778 1917/1918 532 ADMIRALTY (SUBMARINE) HMS L. 15 111066 26194 3804 43674 931J7 28087 25.29 11770 1153 15164 1917/1918 533 ADMIRALTY (SUBMARINE) HMS L. 16 109516 26215 3804 42810 9538 27149 24.79 11901 1175 14073 1917/1918 534 ADMIRALTY (DESTROYER) HMS WALRUS 188789 30599 54565 41956 23554 38115 20.19 12685 7151 18279 1917/1918 535 ADMIRALTY (DESTROYER) HMS WOLFHOUND 190088 3U608 54565 43220 23631 381)64 20.02 12978 7165 17921 1917/1918 536 SHIPPING CONTROLLER WAR PATRIOT l823U2 58446 2U679 52039 10579 1O559 22.25 18912 3089 18558 1918/1919 517 LLOYD ROYAL BELCE F3RAZILIER 186753 57U38 20679 55816 10189 43031 23.04 18937 3093 21001 1918/1919 538 A. STEPHEN & SON engines 12434 0 173 U 5657 6604 53.11 0 3133 6221 cancelled 539 ADMIRALTY (SUBMARINE) i-15 L. 55 116090 27434 2368 52049 6843 27396 23.61) 13975 915 12506 1918/1919 540 WAR OFFICE FERRY T. F. 3 181899 50458 22U57 42217 16677 50490 27.76 14781 3524 32185 1917/1918 541 SHIPPING CONTROLLER cancelled cancelled 542 SHIPPING CONTROLLER cancelled 40289 15047 11577 5328 3935 441)2 10.93 3769 8A6 -213 cancelled 543 SHIPPING CONTROLLER cancelled AJ289 15045 11576 5L8 3936 9184 22.80 2876 846 5462 cancelled 544-561 WAR OFFICE barges 68382 22786 0 23961 0 21635 31.64 8072 0 13563 1918/1919 562-567 ADMIRALTY trawler engines 22500 0 8385 U 6854 7261 32.27 0 1132 6129 1917/1918 568 ADMIRALTY (SUBMARINE) HMS L. 56 120258 25500 2368 549Li4 6836 30610 25.45 13)48 930 16332 1918/1919 569 ADMIRALTY (CANCELLED SUBMARINE) HMS L. 57 63223 22871 2368 22962 2612 12410 19.63 7945 491 3974 cancelled 570 ADMIRALTY (CANCELLED SUBMARINE) HMS L. 58 50989 21986 2368 13374 2540 10721 2l. U3 6lA8 483 4090 cancelled 571 ADMIRALTY (DESTROYER) HMS SIKH 179043 23816 55242 38480 25871 35634 19.90 11461 8386 15787 1918/1919 572 ADMIRALTY (DESTROYER) HMS SIRDAR 178700 23816 55242 38323 25705 35614 19.93 11206 8457 15951 1918/1919 573 ADF1IRALTY (DESTROYER) HMS SOMME 176835 23816 55242 36840 25326 35611 20.14 10738 8464 16409 1918/1919 574 ADMIRALTY (MINESWEEPER) HMS IRVINE 88131 15918 14519 20677 10902 26115 29.63 6772 2772 16571 1918/1919 575 ADMIRALTY (MINESWEEPER) HMS KENDAL 88194 15918 14519 20539 11192 26026 29.51 6746 2804 16476 1918/1919 576 ADMIRALTY (MINESWEEPER) HMS KINROSS 89449 15918 14519 22756 11326 24930 27.87 7074 2871 14985 1918/1919 577 ADMIRALTY (MINESWEEPER) HMS LYDD 88785 15918 14519 239Ü3 10978 23467 26. A3 7045 2856 13566 1918/1919 578 ADMIRALTY (CANCELLED SEAPLANE CARRIER) 1374 0 324 0 632 418 30.42 U 54 364 cancelled 579 ADMIRALTY (CANCELLED SEAPLANE CARRIER) 7093 0 1017 0 3879 2197 3U. 97 U 449 1748 cancelled 581) ADMIRALTY (CRUISER) HMS CARLISLE 599105 134915 117458 161117 62500 123115 20.55 52217 20044 50854 1918/1919 581 ADMIRALTY (CRUISER) HMS COLOMBO 613705 134915 ll7158 176111 62106 123115 20.06 53722 20057 49336 1918/1919 582 ADMIRALTY (DESTROYER) HMS SPEAR 179974 22728 55980 38554 24596 38116 21.18 1U546 9499 18071 1918/1919 583 ADMIRALTY (DESTROYER) HMS SPINDRIFT 180762 22728 55981 39700 24237 38116 21.09 10706 9444 17966 1918/1919 584 ADf1IRALTY turbines 13525 0 4458 0 4254 4813 35.59 0 781 4032 1917/1918 585 ADMIRALTY turbines 28282 0 10U97 0 8849 9336 33.01 0 1834 75U2 1918/1919 586 ADMIRALTY (DESTROYER) HMS WANDERER 221559 29538 58368 56588 28088 A8977 22.11 14149 10832 23996 1919/1920 587 ADMIRALTY (CANCELLED DESTROYER) HMS WARREN 125543 16784 58118 4183 22697 23761 18.93 3585 10187 9989 cancelled 588 ADMIRALTY (CANCELLED CRUISER) HMS EUPHRATES 314486 69640 115315 33761 36885 58885 18.72 16419 18475 23991 cancelled 589 ADMIRALTY (CRUISER) HMS DESPATCH 531723 114549 111129 12U938 63483 121624 22.87 36166 21232 64226 1919/1920 590 ADMIRALTY (CANCELLED DESTROYER) HMS WATSON 959U7 12969 43360 1885 19119 18574 19.37 2360 8153 8061 cancelled 591 ADMIRALTY (CANCELLED DESTROYER) HMS WAVE 92621 8997 44565 1634 19140 18285 19.74 1837 8291 8157 cancelled 592 ADMIRALTY (CANCELLED DESTROYER) HMS WEASEL 44892 5503 26589 548 5041 7211 16.06 1069 3927 2215 cancelled FAIRFIELD SHIPBUILDING & ENGINEERING CO. LTD.

NET PROFIT YEAR WORKS CUSTOMER NAME INVOICE DEDUCTION MATERIALS LABOUR CONTRIBUTION TO OVERHEADS ORDER PRICE HULL ENGINES HULL ENGINES OVERHEADS& PROFIT SHIPYARD ENGINE COMPLETED SHOP £ ££ ££ £%£££

593 ADMIRALTY (CANCELLED SUBMARINE) HMS L. 62 11545 1181 44 2313 22 1985 17.19 1621 7 357 cancelled 594 ADMIRALTY (CANCELLED DESTROYER) HMS WHITEBEAR 17618 3182 8560 259 2634 2983 16.93 577 1324 16E32 cancelled 595 ANCHORLINE TUSCANIA 1449839 559142 181688 305776 95572 307661 21.22 121376 47682 138603 1922/1923 596 ANCHOR-DONALDSONLINE ATHENIA 11)43848 396529 130591 208184 72346 236198 22.63 85592 42113 108493 1922/1923 597 EASTERN TELEGRAPHCO. LADY DENISON-PENDER 259019 73744 32543 61413 27550 63769 2L. 62 16807 7610 39352 1920/1921 598-599 HOULDERLINE cancelled 29951 2641 9119 1706 1339 15146 50.57 709 1432 13005 cancelled 600 ANCHORLINE TRANSYLVANIA 1358696 516818 178439 221587 67860 373992 27.53 92841 35311 245840 1925/1926 601 ANCHOR-DONALDSONLINE LETITIA 812305 319207 110465 137444 41987 21)3202 25.02 56307 21046 125849 1924/1925 602 VESTLANDSKEPETROLEUM CO. TiGER 251104 98488 20865 54812 15705 61234 24.39 17434 5546 38254 1920/1921 603 UNION STEAMSHIP CO OF N. Z. AORANCI 980433 368758 161625 212286 92778 144986 14.79 95720 48411 855 1924/1925 604 ARGENTINIAN NAVY FLORENTINO AMECHINO 0 8733 23520 1921/1922 605-608 WILLIAM DOXFORD& CO. engines 970UU 0 49087 U 1566L) 32253 33.25 609 ARGENTINIAN NAVY SANTA CR07 258206 110178 2243 56121 15410 54084 20.95 19713 73(18 27063 1921/1922 555 610 GLOBE SHIPPING CO. cancelled tanker 5720 26898 2446 675 592 -24891 -435.16 3154 -286(JO cancelled 1921/1922 611 F1ONMOUTHSHIPBUILDING CO. engines 35000 0 18020 0 8377 8603 24.58 0 4957 36'i6 1922/1923 612 MONMOUTHSHIPBUILDING CO. engines 30500 0 12047 U 7644 10809 35.44 0 6283 4526 1922/1923 613 MONMOUTHSHIPBUILDING CO. engines 30500 0 12047 0 7438 11015 36.11 0 6264 4751 0 6245 4905 1922/1923 614 FIONMOUTHSHIPBUILDING CO. engines 30500 0 121)46 0 7304 1115(J 36.56 615 ADMIRALTY (CANCELLED BATTLECRUISER) cancelled 616 ADMIRALTY (CRUISER) H1S t3ERWICK 990068 260959 243999 211595 1(17801 165714 16.74 59069 43974 62671 1926/1927 617 HOULDERLINE UPWEY GRANGE 283336 1(J1658 67080 67188 42128 5282 1.86 21105 13652 -29475 1925/1926 618 LIVERPOOL & N. WALES SS Co. ST. TUDNO 1119000 40269 20445 28366 14122 5798 5.32 8580 4320 -7102 1925/1926 619 BIBBY BROTHERS SHROPSHIRE 404093 151243 92417 85091 38093 37249 9.22 29542 16315 -8608 1926/1927 620 BIBBY BROTHERS CHESHIRE 397894 147U42 84892 89382 34297 42281 10.63 29553 14898 -2170 1926/1927 1928/1929 621 ADMIRALTY (CRUISER ENGI[S) HMS LONDON 399923 0 256331 U 1011698 42894 10.73 0 4L629 -1735 1927/1928 622 HOULDERLINE DUNSER GRANGE 3U542U 90143 76214 66625 39723 32715 1(1.71 19596 14491 -1.372 623 CANADIAN PACIFIC RAILWAYS refit (EMP. OF AUSTRALIA) 41696b 65659 127533 68219 69220 86337 20.71 16735 24593 45009 1926/1927 624 SHAW SAVILL & ALBION cancel led cancelled 625 SHAW SAVILL & ALBION TARANAKI 344611 96335 921t6 58240 36193 61697 17.90 19322 16043 26332 1927/1928 626 SHAW SAVILL & ALBION KAFAMEA 344674 94115 89775 55595 273U1 77888 22.6U l714 14634 44541) 1928/1929 627 cancel led cancel led 628 ADMIRALTY (CRUISER) HMS NORFOLK 1143492 25538 250852 227691 95234 314367 27.49 6U380 43261 210726 1929/1930 629 BRITISH & ARGENTINE SN CO. EL ARCENTINO 301384 94413 72546 63137 30647 40641 13.48 19694 12899 8048 1927/1928 1928/1929 631) BIBBY BROTHERS STAFFORDSHIRE 409526 156442 83675 97899 36112 35398 8.64 31793 14974 -11369 1928/1929 631 COURT LINE ROSSINCTON COURT 85153 36165 262(14 21049 (1 1735 2. tJ 7152 3275 -8692 4204 1928/1929 632 CANADIAN PACIFIC RAILWAYS PRINCESS NORAH 112614 48741 19442 38945 14196 -8710 -7.73 1U960 -23874 633 CANADIAN PACIFIC RAILWAYS refit (EMPRESS OF CANADA) 236943 46422 85(154 41836 46663 16968 7.16 11032 16465 -10529 1929/1930 41388 1929/19 30 634 CANADIAN PACIFIC RAILWAYS EMPRESSOF JAPAN 268647 698725 232242 323208 98867 -84395 -6.65 127742 " -253525 635 HENDERSONLINE refit 39990 17189 334 17104 400 4963 12.41 4287 92 584 1928/1929 1928/1929 636 CHIRKET HAIRIE ALTINKUM 29130 11236 4603 6726 4420 2145 7.36 2245 1128 -1228 637 BLUE STAR LINE refit 161798 74449 358 51088 628 35275 21.80 15693 123 19459 1928/1929 19912 5980 1929/1930 638 CANADIAN PACIFIC RAILWAYS PRINCESS ELIZABETH 20954() 4000 95287 29469 64012 18372 -1600 -0.76 -27492 639 CANADIAN PACIFIC RAILWAYS PRINCESS JOAN 209480 4000 93569 28605 62569 14267 6470 3.09 19517 5379 -18426 1929/1930 640 BIBBY BROTHERS WORCESTERSHIRE 426699 150304 82400 93997 33477 66521 15.59 30538 l485 21498 1930/1931 1929/1930 641 SOUTHERNRAILWAY SOUTH SEA 62000 3001) 20495 9457 15469 7679 5900 9.52 4496 2142 -.738 642 SOUTHERNRAILWAY *1IPPINGHAM 62000 3000 20243 9042 15135 5843 8737 14.09 4422 1861 2454 1929/1930 FAIRFIELD SHIPBUILDINC & ENGINEERING CO. LTD.

CONTRIBUTION TO OVERHEADS NET PROFIT YEAR WORKS CUSTOMER NAME INVOICE DEDUCTION MATERIALS LABOUR ENGINE COMPLETED ORDER PRICE HULL ENGINES HULL ENGINES OVERHEADS& PROFIT SHiPYARD SHOP ££££££%£££

6080 3360 1O65 193U/1931 643 LIVERPOOL & N. WALES SS CO. ST. SEIRIOL lfl0000 4000 27929 154(J4 21U15 11577 20075 20.08 1930/1931 644 L. N. E. R. JEANIE DEANS 52590 2300 13373 9295 10521 7812 9289 I7.66 2968 2076 4245 18014 25313 53040 1932/1933 645-646 ADMIRALTY (DESTROYERS) HMS DAINTY, HMS DELIGHT 467981 25000 71983 146531 72127 55973 96367 20.59 647 ADMIRALTY (DESTROYERENGINES) HMS EXMOUTH 162898 6663 0 83584 0 39963 32688 20.07 0 15413 17245 1934/1935 71815 1934/1935 648 ADMIRALTY (DESTROYERDEPOT-SHIP) HMS WOOLWICH 536308 52U00 156751 91632 11833U 42392 123203 21.01 34635 16753 649 L. M. S. MERCURY 46552 3459 11926 8008 8910 7744 6505 13.97 2604 1969 1932 1933/1934 650 ADMIRALTY (PATROL VESSEL) HMS KINGFISHER 88060 9100 13022 21195 17501 18398 8844 10.04 31315 4949 80 1934/1935 651 ADMIRALTY (DESTROYER) HMS GARLAND 26'J781 7175 36942 72123 39004 39238 66299 25.42 15301 18438 32560 1935/1936 1935/1936 652 ADMIRALTY (DESTROYER) HMS GYPSY 253316 7175 36076 68658 33213 29083 79111 31.23 13779 15760 49572 653 BIBBY BROTHERS DERBYSHIRE 409455 3960 157429 72144 93466 38616 43840 10.71 35634 16211 -8005 1935/1936 1550 1934/1935 654 L. M. S. MARCHIONESS0F LORNE 35543 3198 9966 6166 6882 6235 3096 8.71 2106 -560 0 773 1934/1935 655 L. M. 5. dock gates 49[i2 2224 U 1464 0 1214 24.77 441 1935/1936 656 L. M. S. MARCHIONESSOF GRAHAM 52186 4774 14503 8772 9548 106H5 3904 7.48 31319 5343 -5258 657 LIVERPOOL & N. WALES SS CO. ST. SILIO 22200 110 5655 5756 4882 1312 4485 20.20 1953 656 1876 1935/1936 182272 1938/1939 658 ADMIRALTY (CRUISER) HMS LIVERPOOL 1156246 36700 224503 237404 203802 125363 326474 28.24 81521 62681 1938/1939 659 ADMIRALTY (DESTROYER) HMS GURKHA 359729 7685 60217 93608 57902 56955 83362 23.17 23161 28477 31724 58916 1938/1939 66(1 A[)MIRALTY (DESTROYER) HMS MAORI 352750 7605 59039 87688 52077 44343 1019.18 28.89 20831 22171 1937/1938 661 ANCHORLINE CIRCASSIA 488344 17706 163442 78838 97499 45179 85680 17.55 39000 22590 24090 5436 2803 1936/1937 662 L. M. S. JUPITER 65303 4323 14594 11711 11118 10871 12686 19.43 4447 663 L. M. S. JUNO 63060 4290 14539 11372 10189 7540 15130 23.99 4076 3770 7284 1936/1937 55475 1937/1938 664 ANCHORLINE CILICIA 499166 17921 163963 78317 918U7 36640 110518 22.14 36723 18320 665 ADMIRALTY (BATTLESHIP ENGINES) HMS QUEEN ELIZABETH 689851 3000 0 368441 0 189499 128911 18.69 Ci 94749 34162 666 ADMIRALTY (CRUISER) HMS PHOEBE 11)53230 16500 196602 201876 201197 111883 325172 30.87 80479 55941 188752 667 ADMIRALTY (DESTROYER) HMS JUNO 407091 4250 57528 95192 55307 57031 137783 33.85 22123 28515 87145 668 ADMIRALTY (DESTROYER) H1S KELVIN 397724 4250 59809 89172 5(1211 42752 151530 38.10 20084 21376 110070 669 ADMIRALTY (BATTLESHIP) HMS HOWE 3538874 38000 788025 491621 908518 2552t)2 1057508 29.88 362355 126855 568298 APPENDIXFIII

CLYDEBANK

Net profits and losses on contracts formed an integral part of Clydebank'S trading accounts before and after the takeover by John Brown & Co. In consequence, the net profits and losses on individual contracts can be determined from the yard's detailed financial accounts where these are available. As has already been noted in Appendix ElIla, no such accounts exist for tne period from John Brown & Co. 's takeover in 1899 until 1931-32 bull a full record of the net profits and losses on all contracts comple ted in this period is to be fa und in the Profit and Lass

ýontractr Registers (UCS1/63/1 and UCS1/63/2) which also qive invoice prices and total costs Summariesof final costs giving the desired breakdownbetween materials, labour and overheads and between the costs of hulls and engines and boilers are rare. UCS1/85/2 (Finished Costs Book) covering works orders 307 to 375 is the only source which qives a full breakdown of individual contract Costs in the requisite detail. Cost breakdownsfor works orders 375 onwards have to be reconstructed from a numberof sources. Comparisonsof Costs and Estimates in the UCS1/66/4 series (one book for each ship) give detailed cost breakdownsbut they do not cover al 1 contrac ts ( parti cularl y those pri ar to works order 491) and, even where tne vol umesdo exi st, the costs are not necessarily final. Similarly, UCS1/75/6 (Abstract Cost Book) differentiates between naterials and labour and is a useful source for many of the coritr:; cts completed between 1906 and 1915 which are missing f ron the UCS 1/86/4- series but here too the costs are not necessarily is final Conversely , while the total final cos,Is of all contracts giver, in the relevant Contract Cost ý-edqer in the UCS 1/76// series , arid be determined by firial shipyard , engirie works and boi ler shop charges can detailed analysis of the entries in these ledgers, this source does not differentlate between materials and labour.

The fioures contained in this appendix have been compiled on the fol lowinq basis . I) Total costs are taken fror, the UCS 1/76/ ser,ies

2) The more deta.; led cost breakdowns contained in the Ur.'S

I/F-6/4 series arid UCS1/75/6 have been adjusted to

agree wi th the total costs by determining the amount of

late charges for overheads from the UCS 1/76/ series

Where material costs are qi ven they have been de.termined

by assuming that relatively insignificant residual

differences are entirely due to to late charges for materials.

3) V-1hereno dptailed coct breakdown exists the amount of

charges has been determined by detailed analysis of tII-Ie

contract account in the LICS1/76/ series. Since Clydebank's

overhead charges were not consolidated into 'General Charges'

and ' Power and I nsurance I unti 1 1927-2b , this entai Is the addition of individual monthly entries for general charges,

coal, gas, electricity, hydraulic power and pneumatic power to Works im,i lar problem s arise with re(lard to contracts prior Order 307 The costs of labour and overheads contained in this appendix

for Works Orders 253 to 3U6 and for contracts prior to Works Order 253 are taken from cost breakdowns in UCS1/75/4 and the UCS 1/77/ series respectively. The total costs given by these sources do not agree with the total costs implicit in the differences between the definitive figures for invoice prices and net profits/-losses on individual cont ra c ts gi ven in the re 1evant ledge rs and jo urna Is( UCS 1/ 34/9 and UCS l/ 35/4 ). Fur the r the costs of enqi nes and boi le rs taken f rom the UCS

1/77/ series are not sufficiently detailed to permit the identification of overheads other than general charges. The figures for labour and overheads quoted in this appendix for contracts prior to Works Order 307 must therefore be regarded as approximations. BROWN& CO. LTD. ) CLYDEBANK (3 &C THOMPSONLTD., CLYDEBANKENGINEERING & SHIPBUILDING CO LTD AND JOHN

LABOUR CONTRIBUTION TO OVERHEADS NET PROFIT YEAR WORKS CUSTOfrIER NAI[ INVOICE DEDUCTION MATERIALS HULL ENGINES HULL ENGINES OVERHEADS& PROFIT SHIPYARD ENGINE COMPLETED ORDER PRICE SHOP £ £ £ £ £ £ £ %££ £

243 ADMIRALTY (THIRD-CLASS CRUISER) HMAS TAURANGA 119600 -2941 244 ADMIRALTY (THIRD-CLASS CRUISER) HMAS RINGAROOt4A 119585 -1494 2201J6 245 JAPANESE CDVLRNENT (CRUISER) CHIYODA 139573 246 BRAZILIAN STEAM NAVIGATION CO. BRAZIL 157420 -2140 14743 247 ADMIRALTY (SECOND-CLASS CRUISER) HMS TERPSICHORE 158575 17741 248 ADMIRALTY (SECOND-CLASS CRUISER) HMS THEUS 158066 17087 249 ADMIRALTY (SECOND-CLASS CRUISER) HMS TFIaUNE 158U00 3216 250 LONDON& S. W. RAILWAY CO. FREDERICA 64105 2351 251 LONDON& S. W. RAILWAY CO. LYDIA 61925 3199 252 LONDON& S. W. RAILWAY CO. STELLA 61925 144460 23824 138124 27.97 36953 404 93767 253 ADMIRALTY (BATTLESHIP) HMS RAMILLIES 493884 12679 5752 7911 13.17 3027 1956 2928 254 BRAZILIAN STEAM NAVIGATION CO. SAN SALVADOR 60065 12043 5211 8917 14.86 2883 1796 4238 255 BRAZILIAN STEAM NAVIGATION CO. OLINDA 60016 7018 4290 14493 33.29 1689 1333 11471 256 COMP.NAT. DE NAV. COSTERRA ITAOCA 43531 6808 4171 14732 34.15 1668 1300 11764 257 COr1P.NAT. DE NAV. COSTERRA ITAIPU 43136 6021 4919 3970 13.16 1332 1511 1135 258 GLASGOW& S.. RAILWAY CO. GLEN SANNOX 30230 9224 2592 9980 25.72 2261 840 6b79 259 DUTCH GUVERNT'ENT(GUNBOAT) BORNEO 38810 31415 0 16182 6949 12.74 0 U33 1916 260 ADMIRALTY (CRUISER ENGINES) HMS HERMIONE 54546 0 35555 11595 8726 731 261 ROYAL MAIL STEAM PACKET CO. NILE 126655 -1(1686 -8.44 -23143 11722 8173 3764 262 ROYAL MAIL STEAM PACKET CO. DANUBE 126155 33664 -8628 -6.84 -20565 36014 16072 7647 5.06 8549 tJ47 263 INTERNATiONAL NAVIGATiON CO. KENSINGTON 150980 -5949 3954 2898 782 4.47 912 886 264 GLASGOW& S. W. RAILWAY CO. MINERVA 17500 -1016 3693 2618 2023 11.56 837 795 391 265 GLASGOW& S. W. RAILWAY CO. GLEN ROSA 17500 3694 2678 2453 13.71 840 810 803 2J6 HLThST & Co. DOWNRAILWAY CO. SLIEVE DONARD 17898 0 32218 0 15015 7202 13.23 0 632 3570 267 ADMIRALTY (REPLACEMENTENGINES) HMS SULTAN 54435 3506 2138 4302 22.61 883 726 2693 268 BELFAST & Co. 00WN RAILWAY CO. SLIEVE BEARNAGH 19030 4367 5962 11162 31.58 1099 1936 8127 269 ADMIRALTY (DESTROYER) HMS ROCKET 35350 4066 5477 12388 35.04 1021 1713 9654 270 ADMIRALTY (DESTROYER) HMS SHARK 35350 3853 4870 13561 38.36 963 538 11060 271 ADMIRALTY (DESTROYER) HMS SURLY 35350 137669 53518 144056 25.67 39401 11236 86419 272 ADMIRALTY (PROTECTEDCRUISER) HMS TERRIBLE 561111 141427 26534 111150 25.50 39577 9150 62423 273 ADMIRALTY (BATTLESHIP) HMS JUPITER 435855 8561 5771 13575 26.58 2173 ]805 9597 274 LONDON& S. W. RAILWAY CO. COLUMBIA 51080 8027 5664 13024 26.28 2010 1784 9230 275 LONDON& S. W. RAILWAY CO. ALMA 49551 3719 2811 3554 17.85 870 850 1834 276 CALEDONIAN STEAM PACKET CO. DUCHESSOF ROTHESAY 19914 3921 3355 4393 20.19 905 1013 2475 277 NORTH PIER STEAM PACKET CO. GREYHOUND 21760 0 3964 19.49 11)70 0 2894 278 DON FRANCISCO RECUR URANIA 20342 11684 0 4694 26228 8738 5337 5.61 4708 2136 279 RUSSIAN VOLUNTEERFLEET KIEV 95126 -1507 6562 2553 11588 34.21 1487 777 9324 280- 282 SPANISH GOVERNMENT(GUNBOATS) CORTES,PIZARRO, VASCO NUNEZ 33876 3710 1507 4805 29.70 841 456 3508 283-284 SPANISH GOVERNt[NT (GUNBOATS) 0. VELAZQUEZ, P. DE LEON 16176 1244 3431 28.49 645 378 2408 205-286 SPANISH GOVERNMENT(GUNBOATS) ALVARADO, SANDOVAL 12044 2842 " 0 26524 0 17006 1256 2.80 0 3523 287 ADt1IRALTY (CRUISER ENGINES) HOS PELORUS 44786 -2267 8292 10987 3829 8.24 2453 3818 1900/1901 208 ADMIRALTY (DESTROYER) HMS BRAZEN 46480 -2442 7707 9744 8777 18.78 2262 3394 3121 1900/1901 289 ADMIRALTY (DESTROYER) HMS ELECTRA 46730 7061 9422 9425 20.37 2097 3535 3793 1900/1901 290 AEThIIRALTY(DESTROYER) HNS RECRUIT 46280 10530 9355 5327 11.27 2994 3203 1900/1901 291 ADMIRALTY (DESTROYER) HtIS VULTURE 47270 -870 4428 3413 4545 19.30 792 816 2937 292 GLASGOW& S. W. RAILWAY CO. JUPITER 23550 CLYDEBANK (J &6 THOMPSONLTD., CLYDEBANK.ENGINEERING & SHIPBUILDING CO LTD AND JOHN BROWN& CO. LTD. )

WORKS CUSTOHE NAtf INVOICE DEDUCTiON MATERIALS LAI3OUR CONTRIBUTION TO OVERHEADS NET PROFIT YEAR ORDER PRICE HULL ENGINES HULL ENGINES OVERHEADS& PROFiT SHIPYARD ENGINE COMPLETED SHOP ££££££ £ £ £

293 ADMIRALTY (PROTECTEDCRUISER) HHS EUROPA 462203 121440 45455 109825 23.76 33448 15t]3 6U874 294 SPANISH GOVERNMENT(GUNBOAT) TERROR 61U31 436O 6175 27412 44.88 1339 2086 23987 295 SPANISH GOVERN[NT (GUNBOAT) FUROR 6111W) 5U65 6912 26U65 42.73 1596 2313 22156 OGDEN GOELET MAYFLOWER 19578 296 69314 8514 3421) 4.93 3406 2018 -2004 297 LONDON& S. W. RAILWAY CO. VICTOMIA 26714 5547 4142 4749 17.78 975 972 2802 298 ADMIRALTY (DESTROYER) HMS KESTREL 53381 9159 7882 15487 29.01 2611 2q72 101(U 1900/1901 299 ADMIRALTY (DESTROYER) H1S ARAB 62778 11838 9237 5942 9.47 3051 6610 -3919 1902/1903 300 ROBERT GOELET NAH MA 72823 20514 7902 5658 7.77 3563 1913 182 301 SPANISH GOV'T (TORPEDO CRUISER) AUDAZ 66790 8280 8241 20211 30.26 2269 2827 15115 302 SPANISH GOV'T (TORPEDO CRUISER) 05 ADO 66790 8054 7322 22452 33.62 2209 2550 17693 303 ADMIRALTY (PROTECTED CRUISER) HMS ARIA[)NE 438668 117276 36755 89584 20.42 32710 13399 43475 3U4 SPANISH GOVERNMENT(GUNBOAT) PLUI ON 65748 5664 6317 28338 43.10 1560 2230 24548 3U5 SPANISH GOVERN¬NT (DESTROYER) PROSERPINA 65945 5433 5692 29964 45.44 1497 2046 26421 3U6 BRIGHTON WORTHING& S. COAST RY. BRIGHTON QUEEN 26556 5242 3607 4405 16.59 818 906 2681 3U7 RUSSIAN VOLUNTEERFLEET MOSKVA 243951 40945 31854 31950 13.10 7366 8327 16257 308-327 RUSSIA bar ges 36300 12624 0 6891 0 16785 46.24 1208 11 15577 328 JAPANESE GOVERN¬NT (BATTLESHIP) ASAHI 876350 135431 31926 155641 17 76 40849 11'90 11i2802 1900/1901 . 329 W. A. 00NALDSON SHEELAH 20240 6247 2173 207 1.42 172 15 0 330 LONDON& S. W. RAILWAY CO. VERA 5283 11753 7660 6203 11.43 2079 1843 2281 331 GLASGOW& S. W. RAILWAY CO. JUNO 27000 5917 3718 3292 12.19 1047 tB6 1359 332 TURNBULL & MARTIN FIFESHIRE 72191 17236 6056 6427 8.91) 3122 1560 1745 333 TURNBULL & tIARTIN NAIRNSHIRE 72199 17361 61)60 5739 7.95 3181 1'61 997 334 ADMIRALTY (DESTROYER) HMS THORN 57077 8472 8703 14710 25.77 2804 4223 7683 1899/1900 335 ADMIRALTY (DESTROYER) HHS TIGER 57097 7863 7140 19186 33.60 2675 3544 12967 1900/1901 336 ADMIRALTY (DESTROYER) HMS VIGILANT 57057 7589 6746 20500 35.93 2598 300 14602 1900/1901 337 ADMIRALTY (ARMOUREDCRUISER) HFIS SUTLEJ 510745 128778 42889 108140 21.17 41743 19985 46412 1901/1902 338 ADMIRALTY (ARMOUREDCRUISER) HMS BACCHANTE 500069 125347 38461 106003 21.20 41405 18048 46550 1901/1902 339 CUNARDSTEAMSHIP CO. SAXONIA 292000 83574 14850 5.09 71i62 24711 17266 -9478 1900/1901 340 LONDON& S..W. RAILWAY CO. DUCHESSOF FIFE 26133 4956 3794 4074 15.59 1306 1016 1752 1900/1901 341 RED STAR LINE VADE RL AND 346396 79910 27482 51150 14.77 18955 6906 25289 1900/1901 32 RED STAR LINE ZEELAND 348871 78639 26449 51016 14.62 18738 6E06 25472 1900/1901 343 ADMIRALTY (ARMOUREDCRUISER) HMS LEVIATHAN 705071 138497 56510 227963 32.33 51189 31037 144937 1902/1903 34 INTERNATIONAL NAVIGATION CO. HAVERFORD 221844 58452 14273 33589 15.14 13558 3620 16411 1900/191)1 345 DOMINION LINE MERION 217214 56239 13058 32703 15.06 13202 311 16090 1900/1901 346 LONDON& S. W. RAILWAY CO. ALBERTA 67410 13075 8434 11422 16.94 3319 2U5 5398 1900/1901 347 ADMIRALTY (CRUISER ENGINES) HMS ESSEX 217003 0 150120 0 42503 24320 11.21 0 27&44 -3124 1903/1904 348 CUNARDSTEAMSHIP CO. PANNONIA 102696 8871 27822 2299 2.24 11825 M80 -13406 1903/1904 349 FEDERAL STEAM NAVIGATION CO. SUFFOLK 112203 26576 9416 10772 9.60 1(1891 4686 -4805 1902/1903 35U ADMIRALTY (PADDLE TUG) H? ENERGETIC 34537 IS 6968 5187 6958 20.15 4638 416 -1996 1902/1903 1351 GLASGOW& S. W. RAILWAY CO. MARS 17382 4436 2996 958 5.51 1725 1J35 -2102 1902/1903 352 CALEDONIAN STEAM PACKET CO. DUCHESSOF MONTROSE 19663 1260 1975 1L48 4644 2834 6.41 -2163 1902/1903 553 LANCS. YORKS.LONDON & N. W. RAILWAY DUKE OF CONNAUGHT 74435 17608 7900 7979 4903 6.59 3023 -6899 1902/1903 354 FEDERAL STEAM NAVIGATION CO. ESSEX 107415 23614 8322 11221 10.45 9886 3524 -2189 1902/1903 355 W. A. DONALDSON SHEELAH 31374 8649 2281 4694 14.96 2493 24 1477 1902/1903 356 ADMIRALTY (ARF1OUREDCRUISER) HMS ANTRIM 622950 94323 118284 99870 49028 261445 41.97 43815 2152 195878 1905/1906 357 FEDERAL STEAM NAVIGATION CO. DORSET 107415 23139 8168 12469 11.61 8801 341 527 1903/1904 CLYDEBANK (3 &6 THOMPSONLTD., CLYDEBANKENGIN[EF1NC !x SHLPt3UILDINC Co LTD AND JOHN BROWN& CO. LTD. )

WORKS CUSTOMER INVOICE DEDUCTION MATERIALS LABOUR CONTRIBUTION TO OVERHEADS NET PROFIT YEAR OFDER PRICE HULL ENGINES HULL ENGINES OVERHEADS& PROFIT SHiPYARD ENGINE COMPLETED SHOP £ £ £ £ £ £ £ %££ £

358 FEDERAL STEAM NAVIGATION CO. SOMERSET 1U8U57 22619 7754 337 12.37 8041 295 2835 19(]3R904 359 ADMIRALTY (BATTLESHIP) HMS HINDUSTAN 647711 130224 128711 137260 42t]Ld 209475 32.34 5625 19807 133243 1906/1907 360 NEW ZEALAND SHIPPING CO. KAIKOURA 10R735 23363 8220 12819 11.79 7064 2503 3252 1903/190a 361 NEW ZEALANO SHIPPING CO. KAIPARA 109049 22510 8196 13825 2.6B 6521 2450 4854 1903/1904 362 CUNARD STFAMSHIP CO. CARON1A 630467 206078 97494 123042 39994 163059 25.86 42U30 2007 100222 1904/1905 363 MIDLAND RAILWAY CO. ANTRIM 88123 27116 20504 15953 9427 15123 17.16 4837 364 6522 1904/1905 364 ADMIRALTY (BATTLESHIP ENGINES) HMS AFRICA 2i5175 0 133122 0 42353 39700 18.45 0 20431 19269 1906/1907 365 GLASGOW& S. W. RAILWAY CO. ATALANTA 21000 7351 7267 5473 5299 -4390 -20.90 1944 2190 -8524 1906/1907 366 CUNARDSTEAMSHIP CO. CARMANIA 587214 206089 124064 118153 62443 76465 13.02 43020 3762 -4317 1906/1907 367 CUNARDSTEAMSHIP CO. LUSITANIA 1626836 492538 443430 288589 158106 244173 15.01 117685 7516 50972 1908/1909 368 BARRY & BRISTOL STEAMSHIP CO. GALIA 29790 7888 6769 5884 3268 5981 20.08 1558 1263 3160 1905/1906 369 BARRY & BRISTOL STEAMSHIP CO. DEVONIA 29000 7822 6736 5605 3236 5521 19.04 1508 1292 2721 1905/1906 370 FISHGUARD & ROSSLAREHAR3OUR CO. ST. DAVID 110231 28859 30415 19648 12586 18723 16.99 9519 7230 1974 1906/1907 371 FISHGUARD & ROSSLAREHARBOUR CO. ST. PATRICK 110231 28648 30295 18906 12733 19649 17.83 8997 7180 3472 1906/1907 BURNS 372 C&3 LTD. WOODCOCK 47700 21174 11817 13252 5667 -4210 -8.83 4793 2001 .-11(i04 1906/19(17 373 G&J BURNS PARTRIDGE LTD. 47910 21000 12225 13053 5642 -4(110 -8.37 4815 2123 -10948 1906/1907 374 ADMIRALTY (BATTLECRUISER) Hr.1S INFLEXIBLE 1249782 486446 233103 174596 93491 262146 20.90 09247 48035 124064 191Th/19(J9 7S INDIAN GOVERN'1ENT NORTHBANK 186909 89760 34471 43783 14482 4413 2.36 17006 5624 -18297 1906/1907 376 LANCS. YORKS.LONDON & N. W. RAILWAY COOKEOF ALBANY 89720 33235 25463 20405 13177 -2560 -2.85 5740 4F83 -13183 1907/1908 377 PACIFIC STEAM NAVIGATION CO. KENUTA 70611 31898 13219 19451 5517 526 0.74 5363 1072 -6709 1907/1908 378 PACIFIC STEAM NAVIGATION CO. LIMA 71027 31919 13107 18073 5402 2526 3.56 5269 2230 -4973 1907/1908 379 BARRY RAILWAY CO. BARRY 24200 7480 5064 4902 2980 3774 15.61) 1290 11)88 1396 1907/1908 380 GREAT EASTERN RAILWAY CO. COPENHAGEN 114727 39945 23943 21607 12366 16866 14 70 8385 464 3817 1907/1908 . 381 ADMIRALTY (CRUISER ENGINES) HtIS BOADICEA 169306 0 88102 (1 38891 42313 24.99 (1 26I()8 160(15 1909/1910 382 FISHGUARD & ROSSLAREHARBOUR CO. ST. ANDREW 111752 33199 31545 18531 12365 16112 14.42 8792 5881 1439 1908/1909 383 ORIENT LiNE ORSOVA 365837 142885 54807 62967 18712 86466 23.64 37291 12704 36471 1909/1910 384 GREAT EASTERN RAILWAY CO. MUNICH 107000 36705 22005 19062 10154 19074 17.83 11243 6(176 1755 1908/1909 (PADDLE 385 ADMIRALTY TUG) HMS RAMALER 32540 7516 11866 6847 5427 884 2.72 4955 3)84 -7155 1909/1910 3L36 GENERAL STEAM NAVIGATION CO. GOLDENEAGLE 32397 9830 9418 6877 5239 1033 3.19 6474 3778 -9219 1909/1910 387 ADMIRALTY (DESTROYER) HtIS BEAGLE 106393 12548 27915 15095 11427 39408 37.04 11972 6L96 21240 1910/1911 388 ADMIRALTY (DESTROYER) HMS BULLDOG 101123 12030 26617 14170 11196 37110 36.70 1(J514 6440 20156 1910/1911 389 ADMIRALTY (DESTROYER) HMS FOXHOUND 99113 12172 26267 14026 11197 35451 35.77 9788 6788 18875 1910/1911 (PROTECTED CRUISER) HMS BRISTOL 390 AL)MIRALTY 312950 63545 90855 59083 41698 57769 18.46 40460 18333 -1024 1910/1911 391 ADMIRALTY (BATTLECRUISER ENGINES) HtlS INDEFATIGABLE 366640 0 250925 0 74452 41263 11.25 0 20571 20692 1911/1912 392 HUDDERT PARKER & CO. ZEALANDIA 143229 70664 33172 14445 18682 35381 -10433 -7.28 551)7 -34622 1910/1911 393 ADMIRALTY (DESTROYER) HMS ACORN 93181 9422 26557 12376 12705 32121 34.47 7615 6i13 18393 1910/1911 394 ADMIRALTY (DESTROYER) HMS ALARF1 89982 9574 26831 12219 12996 28362 31.52 7346 6022 14994 1910/1911 395 ADMIRALTY (DESTROYER) HUS BRISK 97408 10377 35620 12649 15768 22994 23.61 7375 7323 8296 1911/1912 5503 1970 1910/1911 396 S. B. JOEL DORIS 44185 20027 9871 13373 -4589 -10.39 6563 -13122 397 GREAT EASTERN RAILWAY CO. ST. PEIERSBURG 102700 36488 22124 20191 11448 12449 12.12 9351) 3998 -899 1910/1911 398 ADMIRALTY (CRUISER TURBINES) HMS YARMOUTH 63539 0 36406 0 14981 12152 19.13 0 11)800 1352 1911/1912 SCOTTISH 1674 399 SHIRE LINE ARGYLLSHIRE 144387 65831 31214 39969 11906 -4533 -3.14 9525 -15732 1911/1912 144857 7631 11365 4U0 FEDERAL STEAM NAVIGATION CO. SHROPSHIRE 65316 31210 40466 11639 -3774 -2.61 -12770 1911/1912 n1 FEDERAL 149283 STEAM NAVIGATION CO. WILTSHIRE 66787 31392 41509 1197(1 -2375 -1.59 6009 1011 -9395 1911/1912 402 ADMIRALTY (BATTLECRUISER) HMAS AUSTRALIA 888046 210933 237232 218251 66523 155907 17.54 95860 28(J07 32040 1913/1914 4U3 ORIENT LINE ORAMA 338031 159237 60110 86336 23612 8736 2.58 21948 7528 -20740 1911/1912 CLYDEBANK (3 &C THOMPSONLTD., CLYDEBANKENGINEERING & SHIPBUILDING CO LTD AND JOHN BROWN& CO. LTD. )

WORKS CUSTOMER NA[ INVOICE DEDUCTION MATERIALS LABOUR CONTRIBUTION TO OVERHEADS NET PROFIT YEAR ORDER PFICE HULL ENGINES HULL ENGINES OVERHEADS& PROFIT SHIPYARD ENGINE COMPLETED SHOP ££££££££££

404 ADMIRALTY (DESTROYER) HMS HIND 88051 10222 31309 lLdlO 12168 20242 22.99 6447 4697 9098 1911/1912 405 ADMIRALTY (DESTROYER) HMS HORNET B5427 10073 31243 14465 12129 17517 20.51 7147 48U0 5490 1911/1912 406 ADMiRALTY (DESTROYER) HOS HYDRA 84290 10113 3U962 14390 12262 16563 19.65 6554 4889 5120 1911/1912 407 ADMIRALTY (PROTECTED CRUISER) HF1SSOUTHAMPTON 288145 7135L 86381 60343 34360 27707 9.62 13009 7275 7423 1912/1913 408 H. LIVESAY JEANETTE 58632 20851 8650 13376 4974 107B1 18.39 6538 1487 2756 1911/1912 409 CUNARDSTEN1SHIP CO. AQUITANIA 1413396 519625 34Th09 294694 127190 124378 8.80 68846 35543 19989 1914/1915 410 ADt1IRALTY (BATTLECRtJISER ENGINES) HMS QUEEN iARY 5U11131 0 365530 0 88958 46543 9.29 0 26380 2U1f3 1913/1914 411 DUKE OF BEDFORD SAPPHIRE 74833 32969 13531 7656 22721 -2044 -2.73 4973 1506 -8523 1912/1913 412 ADMiRALTY (DESTROYER) HMS ACASTA 97667 12036 35945 16429 11179 22078 22.61 5247 3544 13287 1912/1913 413 ADMIRALTY (DESTROYER) HHS ACHATES 96655 11973 36565 15282 11116 21719 22.47 5256 3489 12974 1912/1913 414 ADMIRALTY (DESTROYER) H1S AF1B(JSCADE 98711 126H4 37826 15358 116B6 21157 21.43 4948 3551 12658 1913/1914 415 UNION STEAMSHIP CO. OF NEW ZEALAND NIAGARA 335759 162731 6H355 98719 26060 -20106 -5.99 12409 3255 -35770 1912/1913 416 ADMIRALTY (BATTLESHIP ENGINES) HMS CANADA 342031 0 275311 0 0 68018 -1298 -0.38 23927 -25225 1915/191 417 HAMBURGAMERIKA LINE PREUSSEN 82448 35375 1R428 20770 7219 656 0.80 781)1 2778 -9923 1910/1911 418 ADMIRALTY (BATTLECRUISER) HIS TIGER 1231965 293U55 406226 202631 100473 149580 12.14 82199 10877 56504 1914/1915 419 RUSSIAN STEAM NAVIGATION CO. EMPERORPETER 130342 51630 18018 33098 8542 19054 14.62 9465 2181 741)8 1913/1914 420 RUSSIAN STEAM NAVIGATION CO. EMPERORNICHOLAS I 13U371 51955 171306 30503 8147 21800 16.78 8647 1h93 11340 1913/1914 421 RUSSIAN GOV'T (i3ATTLESHIP ENGINES) EMPRESSMARiE 150908 0 89226 0 1R825 42857 28.40 U 28380 14477 1913/1914 422 RUSSIAN GOV'T (BATTLESHIP ENGINES) EMPERORALEXANDER 149154 0 84327 0 24157 4U67U 27.27 0 27854 12816 1914/1915 423 ADMIRALTY! ('CARRIER ENGINES) H1S EAGLE 375000 0 266229 0 55714 53057 14.15 U 50354 2703 1920/1921 424 ADMIRALTY (BATTLESHIP) HNIS BARHAM 1315650 339946 283916 3U3119 109253 279416 21.24 95610 30039 153767 1915/1916 425 ORIENT LINE ORMONDE 474507 160553 93459 175410 40762 4323 0.91 7168 2956 -5801 1917/1918 426 ADMIRALTY (DESTROYER) HMS MILNE 123949 16424 4504(1 20793 16432 25260 20.38 6039 3516 15705 1914/1915 427 ADMIRALTY (DESTROYER) HMS MOORSOM 124376 16532 44486 20348 15647 27363 22.00 5169 2447 19747 1914/1915 428 ADMIRALTY (DESTROYER) HF15MORRIS 120292 14928 43071 19172 14890 28231 23.47 5112 2643 20476 1914/1915 429 ADMIRALTY (DESTROYER) HMS MEDEA 137008 16574 42659 20536 14706 42533 31.09 7151 2561 32821 1915/1916 430 ADMIRALTY (DESTROYER) HMS ME[)USA 136821 16486 43191 20756 14713 41675 30.46 6607 3128 31940 1915/1916 431 ADMIRALTY (AIRCRAFT CARRIER) HMS PEGASUS 229939 50560 39610 62283 25669 51B17 22.54 11158 6562 34097 1918/1919 432 ADMIRALTY DEPOT-SHIP) HrIAS PLATYPUS 176617 50956 47744 56205 19996 1716 1505 0.97 2438 -2307 1916/1917 433 ADMIRALTY (DESTROYER) HMS MONS 130265 11957 42889 22448 15008 37163 28.53 8046 4822 24295 1915/1916 434 ADMIRALTY (DESTROYER) UMS MARNE 124045 13447 44834 25316 15535 24913 20.08 10889 5419 8605 1915/1916 435 ADMIRALTY (CRUISER) HMS CANTERBURY 360563 71922 97027 87452 43132 61(330 16.93 20374 10086 30570 1916/1917 436 ADMIRALTY (SUBMARINE) HMS E. 35 73525 20543 27.94 13U58 1462 6U23 1916/1917 437 ADMIRALTY (SUBMARINE) HMS E. 36 75034 21225 27.99 13243 127U 6712 1916/1917 438 ADMIRALTY (SUBtARINE) HMS E. 5U 80383 22658 28.19 13432 1445 7781 1916/1917 439 ADMIRALTY (DESTROYER) HMS tIAMELUKE 123112 14474 42094 24271 15899 26374 21.42 11105 7361 7908 1915/1916 440 ADMIRALTY (DESTROYER) HMS OSSORY 124438 14472 42746 25195 15397 26628 21.40 12242 7586 6800 1915/1916 441 ADMIRALTY (DESTROYERTURBINES) Hr1S NOBLE 35955 10525 29.27 1) 2843 7682 1916/1917 442 ADMIRALTY (DESTROYER TURBINES) HMS NOMAD 33033 9316 27.54 0 2627 6689 1916/1917 4L43 ADMIRALTY (BATTLECRUISER) HtIS REPULSE 1892135 398180 524024 L234F3O 163039 383412 20.26 194858 73944 114610 1917/1918 /444 ADMIRALTY (DESTROYER) HOS NAPIER 129409 15657 45432 26496 14636 27268 21.06 12592 8695 5981 1915/1916 445 ADMIRALTY (DESTROYER) HMS NARBOROUGH 132650 15637 44311 27485 14860 3U349 22.88 14090 11765 4494 1916/1917 446 ADMIRALTY (CRUISER TURBINES) HMS FURIOUS 47815 20876 43.66 0 2821 18055 1915/1916 447 ADMIRALTY (DESTH(]YER) HMS PENN 136559 16964 48436 27621 14275 29263 21.43 13781 8867 6615 1916/1917 448 ADMIRALTY (DESTROYER) HMS PEREGRINE 140541 17092 4906U 2B327 15399 30663 21.82 11974 7526 11163 1916/1917 449 ADMIRALTY (DESTROYER) HIS ROt1OLA 160916 18554 49994 25869 16859 49640 30.85 16914 15694 17032 1916/1917 CLYDEBANK (3 &G THOMPSONLTD., CLYDEBANKEI\GIEERING & SHIPBUILDING CO LTD AND JOHN BROWN& CO. LTD. )

WORKS CUSTOMER NAf INVOICE DEDUCTION MATERIALS LABOUR CONTRIBUTION TO OVERHEADS NET PROFIT YEAR ORDER PRICE HULL ENGINES HULL ENGINES OVERHEADS& PROFIT SHIPYARD ENGINE COMPLETED SHJP

0' £ £ £ £ £ £ £ 0 ££ £

45U ADMIRALTY (DESTROYER) HMS ROWENA 161987 R764 30.10 14907 15699 18158 1916/1917 451 ADMIRALTY (DESTROYER) HMS RESTLESS 162067 521)58 32.12 16958 156d 19L59 1916/1917 452 ADMIRALTY (DESTROYER) HMS RIGOROUS 162103 17871 50329 26251 16474 51178 31.57 18679 14250 1249 1916/1917 453 ADMIRALTY (SUBMARINE ENGINES) H1S K. 1 84827 18662 22.00 0 9098 p564 1917/1918 454 ADMIRALTY (SUBMiRINE ENGINES) I-thiS K. 2 84816 0 43087 0 20381 21348 25.17 0 352 17816 1916/1917 455 ADMIRALTY (DESTROYER) HMS SIMOON (1) 163181 19530 53213 25915 16t)26 48497 29.72 16430 9337 2268fl 1916/1917 456 UNION-CASTLE MAIL STEAMSHIP CO. WINDSORCASTLE 1767380 75832U 189843 379549 110583 329085 18.62 212303 77479 393U3 1923/1924 457 ADMIRALTY (1)ESTROYER) HMS TARPON 171544 52130 3U. 39 12165 9457 30508 1917/1918 458 ADMIRALTY (DESTROYER) HMS TELEMACHUS 171856 52819 30.73 12050 10175 30594 1917/1918 459 ADMIRALTY (CRUISER) HMS CERES 485780 10U798 126710 111310 47726 99236 20.43 49017 26898 23321 1917/1918 46(1 ADfIIRALTY (BATTLECRUISER) HMS HOOD 3578983 7691313 83U455 878096 317418 775F376 21.68 3747U6 187062 214108 1919/1920 461 ADMIRALTY (DESTROYER) HMS SKATE 163417 45912 28.09 17211 8982 19719 1916/1917 462 ADMIRALTY (DESTROYER) HMS VANOC 196t)94 27283 58322 36315 17874 56300 28.71 16102 11)893 29305 1917/1918 463 ADMIRALTY (DESTROYER) H1S VANQUISHER 196791] 5486 28.20 16528 120U4 26954 1917/1918 464 CANADIAN PACIFIC RAILWAY MONTCALM 1714tJ64 623289 223280 402559 126U91 338845 19.77 191156 78U6 69683 1920/1921 465 CANADIAN PACIFIC RAILWAY MONTCL A RE 1632494 639183 216560 323185 114895 338671 20.75 156807 93712 88152 1922/1923 466 ADMIRALTY (DESTROYER) HMS WAKEFUL 1B3463 26790 57062 36216 18091 45304 24.69 16955 11412 16937 1918/1919 " 467 ADMIRALTY ([)ESTROYER) HMS WATCHMAN 188899 44710 23.67 18337 10692 15681 1918/1919 468 SHIPPING CONTROLLER WAR THISTLE 136913 45080 20543 29371 5911 36008 26.30 13934 7U)8 15066 1917/1918 469 ANGLO SAXON PETROLEUMCO. WAR HERMIT 174891 52629 21384 48475 7094 45309 25.91 22574 46138 18047 1918/1919 47 U CHARGEIJRSRE'UNIS WAR RIDER 205691 40921 19.89 23326 2300 15215 1919/1920 471 ELDER DEMPSTERLINE BDON AN T 193891 56222 41133 49394 7941 39281 20.22 19891 3684 15626 1919/1921) 472 ADMIRALTY (DESTROYER) Ht1S SIMOON (2) 175665 22623 58163 36477 19931 38471 21.90 12995 829 17177 1918/1919 473 ADMIRALTY (DESTROYER) HMS SCIMITAR 171766 36451) 21.22 9425 6037 20988 1918/1919 474 ADMIRALTY (DESTROYER) HMS SCOTSMAN 172351 39949 23.18 12296 8838 18815 1918/1919 475 AD1IRALTY (DESTROYER) HMS SCOUT 171674 39536 23.03 12023 8401 19112 1918/1919 476 ADMIRALTY (DESTROYER) H1S SCYTHE 173781 24158 61124 31459 18231 30809 22.33 12074 81108 18727 1918/1919 477 ADMIRALTY (DESTROYER) HMS SEAHEAR 176244 41523 23.56 14679 8331 18513 1918/1919 478 ADMIRALTY HMS SEAFJRE 181479 40783 22.47 15198 11013 14572 1918/1919 "(DESTROYER) 479 ADMIRALTY (DESTROYER) HMS SEARCHER 180849 40712 22.51 15128 10126 15458 1918/1919 48(1 ADMIRALTY (DESTROYER) HMS SEAWOLF 183206 41)231 21.96 151)04 10430 14797 1918/1919 481 ADMIRALTY (DESTROYERENGINES) HMS SESA4 117409 26797 22.82 7863 12593 6341 1919/1920 482 ADMIRALTY (DESTROYER) HMS VENOMOUS 214552 30147 64743 49896 25204 44562 20.77 23073 141)26 7463 1919/1920 483 ADMIRALTY (DESTROYER) HMS VERITY 223099 43428 19.47 226(14 15661 5163 1919/1920 484 AD11RALTY (CRUISER) HMS ENTERPRISE 8U283 139944 220397 152506 104711 185125 23.06 103971 3711)8 44046 1920/1921 485 ADMIRALTY (DESTROYER) HMS VETERAN 223400 32909 69120 51425 20383 41563 18.6() 18418 16129 7016 1919/1921) 486 ADMIRALTY (CANCELLED DESTROYER) HMS VIGO 56802 10334 18.19 6459 3026 849 1920/1921 487 ADMIRALTY (CANCELLED DESTROYER) HMS WISTFUL 34206 5431 15.88 3191) 1565 676 1920/1921 488 ADMIRALTY (CANCELLED DESTROYER) HMS VIRULENT 29975 4749 15.84 2783 14:. 4 552 1920/1921 489 ADMIRALTY (CANCELLED DESTROYER) HMS VOLAGE 23018 3313 14.39 1625 1194 494 1920/1921 49(1 ADMIRALTY (CANCELLED DESTROYER) HMS VOLCANO 22868 3287 14.37 1720 1183 384 1920/1921 491 ELDER DEMPSTERLJNE BATA 184610 62445 33747 48197 5280 34941 18.93 16377 2633 15931 1919/1920 492 CUNARD STEAMSHIP CO. FRANCONI A 1559910 632143 199438 326688 11)5368 296273 18.99 141Ü94 105141 50038 1925/1926 493 GREAT EASTERN RAILWAY CO. AN TWERP 374359 101111)1 61780 92854 41285 78339 20.93 33598 18676 26(165 1920/1921 494 GREAT EASTERN RAILWAY CO. BRUGE S 388724 106378 64765 92294 44719 80568 20.73 33078 193t5 28145 1920/1921 495 CUNARDSTEAMSHIP CD. ALAUNIA 907752 372535 124518 186630 58323 165746 18.26 91931 561115 17710 1925/1926 ) CLYDEBNK (3 &C THOMPSONLTD., CLYDEBANKENGINEERINC & SHIPBUILDING CO LTD AND JOHN BROWN& CO. LTD.

NET PROFIT YEAR WORKS CUSTOMER NAE INVOICE DEDUCTION MATERIALS LABOUR CONTRIBUTION TO OVERHEADS ENGINES OVERHEADS& PROFIT SHIPYARD ENGINE COMPLETED ORDER PRICE HULL ENGINES HULL SHOt £££££££%££"£

4742 262L7 1920/1921 596 ELDER DEMPSTERLINE CALGARY 4396(JL 165191 69ü90 86984 30437 87902 20.00 46913 1921/1922 597 ELDER DEMPSTERLINE COCHRANE 439846 179698 71620 771B7 28708 82633 18.79 36847 20814 24972 19.59 20285 16295 1928/1929 598 ELDER DEMPSTERLINE CALU[T 421175 176881 65687 69610 26492 A2505 45925 1928/1929 599 ELDER DEMPSTERLINE CARl BOO 375514 155640 65046 5841)4 23203 73141 19.48 34711) 16630 21801 21630 20430 1924/1925 644 HARLAND & WOOLF INVERGORDON 376815 148010 47268 79h77 17585 84075 22.31 42U15

8679 1923/ 19 24 496 NAPIER & MILLER engines 79585 0 47576 0 160Li5 16004 2(J. 11 U 7325 1G73 1923/1924 497 A. S. COCHRANE RESTLESS 76591) 26982 14417 15373 £3062 11756 15.35 6653 40150 1923/1924 1498 EASTERN TELEGRAPHCO. MIRROR 1U[)559 36164 22051 21171 9745 1142H 11.36 6500 450U 428 1474 1924/1925 499 STERN TELEGRAPHCO. NORSE t1AN 1t1U494 35579 21218 21892 11J321 11484 11.43 600U 4[J[) 500 ORIENT LINE ORUNS AY 829372 36(i166 142431 202299 78751 45725 5.51 16U00 12UUO 17725 1926/1927 (3 0 1926/1927 5U1 0. ROMAN& CO. engines 7U[JUO 0 57842 0 39177 -27019 -38.6D -27U19 00 1926/1927 502 KAWASAKI DOCKYARD engines 135000 0 115941 0 51251 -32192 -23.85 -32192 1236 1924/1925 5u3 E. HIGGENS THALASSA 72173 25554 11356 15100 6727 13436 16.62 7201) 50[)U 00 1924/1925 51iA CANADIAN PACIFIC RAILWAY PRINCESS KATHLEEN 223043 100614 60546 5[1282 29U35 -18234 -8.18 -18234 U 1924/1925 5(j5 CANADIAN PACIFIC RAILWAY PHINCESS MARGUERITE 223LJ58 11)2598 6(3265 51578 29333 -20716 -9.29 1) -2U716 0 75 1925/1926 506 H. E. MOSS & CO. (TANKERS) LTD. LUMEN 172540 64057 53805 41035 35930 -22287 -12.92 -22362 0U 1926/1927 507 BRITISH TANKER CO. BRITISH DIPLOMAT 16U526 61198 46253 3663U 31351 -14906 -9.29 -1491i6 1921/1922 508 ROYAL MAIL STEAM PACKET CO. LOCH KATRINE 508723 3116b7 3330 122180 9134 62392 12.26 581J52 3751 589 0 3598 1926/1927 509 GREAT WESTERNRAILWAY CO. ST. JIJLIEN 1265(12 46108 35523 22317 1R956 3598 2.84 1] 00 1926/1927 510 GREAT WESTERNRAILWAY CO. ST. HELlER 1202fl2 45542 349&) 22772 19584 -2676 -2.23 -2676 00 1926/1927 511 NAPIER & MILLER engines 38660 0 26771 0 12397 -508 -1.31 -SUB 512 ADMIRALTY (CRUISER) HMAS AUSTRALIA 1106276 353224 267718 180311 117363 187660 16.96 80892 450110 61768 1928/1929 11U229 1928/1929 513 ADMIRALTY (CRUISER) HMAS CANBERRA 111)5378 353636 264754 1B7558 117869 181561 16.43 509B1 2U351 1927/1928 54 BLUE STAR LINE (1920) LTD. AVILA 4235U7 166718 64496 85616 35822 71)855 16.73 41)163 22676 8016 1927/1928 515 BLUE STAR LINE (192U) LTD. AVELONA 42795U 167457 64354 84767 35493 75879 17.73 43578 21922 1(1379 10073 1928/1929 516 NEW ZEALAND SHIPPING CO. RANGITIKI 59U313 293891 151)111 142998 98671 -95358 -16.15 484U -11U271 10030 55U2 1929/1931) 5.17 NEW ZEALAND SHIPPING CO. RANGITATA 559740 287U78 148505 131325 72253 -79421 -14.19 -94953 518 CANADIAN PACIFIC RAILWAY DUCHESSOF BEDFORD 920578 430463 157584 183684 " 82323 66524 7.23 44409 161LU 5975 1929/1930 519 ELDER DEMPSTERLINE EKAR I 406U73 15U822 49721 106114 19493 79923 19.68 47000 62118 26715 1920/1921 520 CANADIAN PACIFIC RAILWAY PRINCESS ELAINE 120308 34883 27268 21681 17474 19002 15.79 6630 5727 6645 1928/1929 52 NAPIER & MILLER enq ines 38400 0 24811 0 9979 3610 9.40 0 4059 -449 1928/1929 9497 52[: 6 1929/1930 522 NEW ZEALAND SHIPPING CO. RANGIlANE 558874 286750 144764 122575 65020 -60235 -10.78 -74938 1928/1929 523 CANADIAN PACIFIC RAILWAY DUCHESSOF RICHMOND 927009 446310 1545U4 167564 72575 86056 9.28 52521 23956 9579 524 CANADIAN PACIFIC RAILWAY DUCHESSOF YORK 925995 445295 151716 161712 71451 95821 10.35 55106 27131 13584 1928/1929 1930/1931 525 ADMIRALTY (DESTROYEd) HMS ACASTA 227121 1OUUO 39233 83826 41000 41327 11655 5.13 10286 113L6 -9937 526 ADMIRALTY (DESTROYER) HMS ACHATES 234569 10000 38855 82815 39492 42252 21155 9.02 12376 8379 400 1931/1932 1929/1930 527 L. N. E. R. VIENNA 23U3U0 92342 48228 41868 29728 18134 7.87 10351) 5378 2406 528 L. N. E. R. PRAGUE 230198 92071 45(185 39U39 23396 3U6U7 13.30 16273 9872 4462 1931/1932 529 L. N. E. R. AMSTERDAM 223091) 91615 44713 38487 22356 25919 11.62 16080 9768 71 1931/1932 530 CANADIAN PACIFIC RAILWAY EMPRESSOF BRITAIN 2130723 12500 1085318 407184 357712 2U4524 63485 2.98 20497 16368 18620 1932/1933 531 ADMiRALTY (DESTROYER) HMS BASILISK 227459 1{JUUU 42615 80957 36302 33837 23748 10.44 14931 11414 -2597 1931/1932 532 ADMIRALTY (DESTROYER) HMS BEAGLE 231)160 1OUDU 41088 80934 35140 32923 30U75 13.07 14991 9591 5493 1931/1932 533 LADY YULE NAHLIN 137235 43174 27735 27016 18791 2U519 14.95 11200 6503 2816 1931/1932 534 CUNARDSTEAMSHIP CO. QUEEN MARY 4842365 45000 2198189 941817 8004L14 365558 483397 9.98 226U38 101945 155414 1937/1938 535 AD1IRALTY (SLOOP ENGINES) CLYDEBANK (3 &C THOMPSONLTD., CLYDEBANKENGINEERING & SHIPBUILDING CO LTD AND JOHN BROWN& CO. LTD. )

WORKS CUSTOMER NA1 iNVOICE DEDUCTION MATERIALS LABOUR CONTRIBUTION TO OVERHEADS NET PROFIT YEAR ORDER PRICE HULL ENGINES HULL ENGINES OVERHEADS& PROFIT SHIPYARD ENGINE COMPLETED SHOP £££££££ 0' £ £

536 ADMIRALTY (MINESWEEPER) H1S HALCYON 96435 9100 293114 18921 161J08 7181 15921 16.51 6566 363 5702 1934/1935 537 ADMIRALTY (MINESWEEPER) HMS SKIPJACK 95194 9100 29100 19223 1552B 7144 151)99 15.86 6384 3649 5066 1934/1935 53B ADMIRALTY (DESTROYER) HMS FORTUNE 252390 73(J1 42816 8051)3 32985 28954 59831 23.71 17768 17355 24708 1935/1936 539 ADMIRALTY (DESTROYER) UMS FOXHOUND 25121)8 631)1 43766 78109 33198 29715 60119 23.93 17889 17811 24419 1935/1936 540 ADMIRALTY (SLOOP) H1S ENCHANTRESS 136616 9101) 422(18 26125 3LJ502 15355 13326 9.75 69{J8 3965 2453 1935/1936 541 PORT LINE LTD. PORT WYNDHAII 2640U5 2600 103352 66739 51679 3478U 4855 1.84 6701 4174 -6020 1934/1935 542 ADMIRALTY (CRUISER) H1S SOUTHAMPTON 1101045 35447 240656 248586 172664 87U53 316639 28.76 11)71)52 49335 16U252 1937/1938 543 ADMIRALTY (CRUISER ENGINES) Hr1S BIRMINGHAM 425502 75U0 0 277044 0 846U3 56355 [3.24 0 47321 9034 1937/1938 544 ANGLO AMERICAN OIL CO. CW1ANCHE 158267 755U0 33441 43U43 18614 1291 559 1934/1935 -12331 -7.79 . -14181 545 P&O ESSEX 357142 8587 136391 89814 64356 421123 15971 4.47 7724 5044 3203 1937/1938 546 P&O SUSSEX 357142 8587 136768 90121 651)21) 40518 16128 4.52 7800 4862 3466 1937/1938 547 ADMIRALTY (DESTROYER) HMS ICARUS 266089 2950 48615 80166 36854 34491 63013 23.68 22226 20509 20278 1937/1938 548 ADMIRALTY (DESTROYER) H1S ILEX 273743 2950 48562 86551 37224 35931 62525 22.84 22417 21081 19027 1937/1938 549 ADMIRALTY (SUBMARINE [)EPUT-SHIP) HIIS MAIDSIONE 843876 277286 130758 194117 491(11 192614 22.82 81345 27508 83761 1938/1939 550 ARGENTINE GOVERN[NT (DESTROYER) SAN JUAN 377397 141342 92U69 38651 33747 71588 18.97 23939 20915 26734 1938/1939 551 ARGENTINE GOVERNMENT(DESTROYER) SAN LUIS 373812 139745 91U36 36652 31143 75236 21i. 13 22661 19301 33274 1938/1939 552 CUNARD STEAMSHIP CO. QUEEN ELIZABETH 553 38000 0 17543 1] 13502 6955 18.30 0 engines 7U21 -66 1937/1938 554 ADMIRALTY (BATTLESHIP) HMS DUKE OF YORK 555 ADMIRALTY (DEPOT-SHiP) HMS FORTH 556 ADMIRALTY (DESTROYER) HMS JACKAL 557 ADMIRALTY (DESTROYER) HMS JAVELIN 558 ADMIRALTY (CRUISER) HMS FIJI 559 FEDERAL STEAM NAVIGATION CO. SUFFOLK 560 ADMIRALTY (DEPOT-SHIP) HtIS HECLA 561 ADMIRALTY (FRIGATE) H1S FERNIE 562 ADMIRALTY (FRIGATE) HMS GARTH APPENDIXFIV

WlýýIAMBEARDMORE & CO. LTD. (DALMUIR)

The net profits/-losses on individual contracts were an integral part of the accounts of Beardmore's shipbuilding division from the acquisition of the goodwill of Robert Napier & Sons business in 1900 until 1921. Thereafter the accounts of Dalmuir were prepared on a different basis and the net profit/-loss on individual contracts is no longer shown in the accounts. The material contained in this appendix is based solely on the information contained in the schedules supporting the audited accounts of William Beardmore& Co. Ltd. to be found in the UGD100/l/B. / series. Up to 1921 these schedules give the invoice prices and net profits/-losses on individual contracts and figures for loncost' i. e. the amount of genera I overhea d cha r ged to the con t rac t pr i or to st rik ing the fig ure for net profit/-loss. There are no comparable figures for any contract completed after 1921 when the form of presentation of the accounts changed and none of the schedules differentiate between materials and labour or between hulls and engines . WILLIAM BEARDMORE& CO. LTD. (DALMUIR) WORKS CUSTOMER NAME INVOICE CONTRIBUTION TO ONCOST N4ETPROFI YEAR ORDER PRISE OVERHEADS& PROFIT COMPLETE ££ £ £

472 rELSON LINE HIGHLAND BRIGADE 76943 4668 6.07 11)761 -6093 9 UI (TUG) 473 ADMIRALTY HMS INDUSTRY 32756 3381 1U. 32 3861 -480 1901 474 ADMIRALTY (ARMOUREDCRUISER) HHS BERWICK 588641 71984 12.23 24838 47146 1903 475-476 UNION CASTLE MAIL STEAMSHIP CO. ALNWICK CASTLE, BERWICK CASTLE 192999 30875 16. UO 14954 15921 19112 477 yacht lenqthened 32662 9280 28.41 3456 5H24 19(11 STEAMSHiP CO. EMPIRE 4Th EMPIRE & AUSTRALIAN 96278 7599 7.89 9540 -194.1 191)2 479 WM. BIRTLE IOL Al RE 43022 790 1.84 5360 1902 -457Ü . 48U ADMIRALTY (ARMOUREDCRUISER) HMS CARNARVON 606986 120319 19.82 56300 63939 1905 481 GLASGOWCORPORATION DALMUIR 17415 593 3.41 0 593 1904 482 NELSON LINE HIGHLAND LADDIE 446(33 309 36.93 3093 U 1905 1905 483 CLYI)E SHIPPING CO. RATHLIN 33136 -384 -1.16 40 -424 (BATTLESHIP HMS ACAMEMNON 484 ADMIRALTY HULL) 390277 32019 8.20 57182 -25163 1909 485 WILLIAM BEARDMORE ZA ZA 23378 2561 10.95 2561 1) 19(15 486 VICKERS boi lers 9000 3081 34.23 3081 U 1906

PACIFIC STEAM 48b-4139 NAVIGATION CO. QUILLOTA, QU1LPUE 160804 -5651 -3.51 4[itJU -9651 1937 4911-491 PACIFIC STEAM NAVIGATION CO. HUANCHAC!J JUNIN 135259 i5UU 43511 191J7  -7U11 -5.18 STEAM 492 PACIFIC NAVIGATION CO. ORCOMA 239726 -7172 -2.99 0 -7172 191)8

494 RU1ANIAN STATE RAILWAYS boi lers 2680 668 24.93 668 i9(J8 495 ADMIRALTY (PROTECTED CRUISER) HrS GLOU(ESTEF 301537 55791 18.50 25648 3[J143 19111 496 COMMISSIONERSOF N. LIGHTHOUSES PHAROS 30281 1453 4.81 1453 C) 1909 SHIELDHALL 497 GLASGOWCORPORATION 24532 2374 9.68 2458 -84 1910 498 ADMIRALTY (PROTECTED CRUiSER) HMS FALMOUTH 282200 371.86 13.18 28575 B6 1911 499 RUMANIAN STATE RAILWAYS bol lers 31j50 919 30.13 252 67 1910 5(JU ADMIRALTY (BATTLESHIP) HMS CONQUEROR 876536 148275 16.92 184126 44149 19.13 501 ADMIRALTY (DESTROYER) HHS GOSHAWK 85934 9521 11.88 4683 4918 1912 502 RUF1ANIANSTATE RAILWAYS boi lers 2491 415 16.66 263 152 1911 503 (PROTECTED CRUISER) DUBLIN ADMIRALTY HMS 295243 13207 4.47 33294 -20087 1913 504 RUMANIAN STATE RAILWAYS boi lers 5900 1625 27.54 534 1891 1911 5U5-507 ADELAIDE STEAMSHIP CO. LTD. WARILDA WILLOCHRA 478007 WANDILLA, -144845 -30.30 28741 -173586 1913 (CRUISER 508 ADMIRALTY ENGINES) HMS FEARLESS 109487 3635 3.32 11709 -8074 1913 509 ALLAN STEAMSHIP CO. LINE LTD. ALSATI AN 467254 -76315 -16.33 52663 -1289 78 1914 (BATTLESHIP) 510 ADMIRALTY HMS BENE3OW 906705 59812 6.60 112594 -52782 1915 511-512 (DESTROYERS) ADMIRALTY Ht1S LLEWELLYN, HMS LENNOX 199083 11670 5.86 23918 -12248 1914 5I3-515 ADMIRALTY (LIGHT CRUISERS) HMS GALATEA, HMS INCONSTANT, HMS ROYALIST 997335 174203 17.47 118008 56195 1915 516 ADMIRALTY (BATTLESHIP) HMS RAMILLIES 1776382 389912 21.95 216507 173405 1918

518 ROYAL P'JDIAN MARINE NEA CHUS 35046 922 2.63 3925 - 3(JU3 I9 15 519 ADMIRALTY (AIRCRAFT CARRIER) HMS ARGUS U66653 313772 26.90 167846 145926 1919 520-521 ADMIRALTY (SUBMARINES) 1*15 E. 25, HMS E. 26 197907 8231)8 41.59 19377 62931 1916 522-523 ROYAL INDIAN MARINE CLIVE, LAWRENCE 372258 65855 17.69 50468 15387 192U 524 H. M. COVERNfNT aeroplanes 37471 12424 33.16 4091 8333 1915 525 H. M. GOVERNMENT field qun equipment 54493 -54493 1916 526-527 ADt1IRALTY (DESTROYERS) HMS LASSOO, HMS LOCHINVAR 299602 79236 26.45 36382 42854 1917 528-529 ADMIRALTY (SUBMARINES) HMS E. 53, IThIS E. 54 222242 6059 27.47 28594 32465 1917 530 H. M. GOVERN1NT mines 1890 -1890 1916 531 ADMIRALTY submarine deisel enqine assembly 1421)9 6545 46.06 1337 5208 1916 WILLIAM BEARDURE & CO.LTD. (DALMUIR) WORKS CUSTOMER NAME INVOICE CONTRIBUTION TO ONCOST NET PROFI YEAR ORDER PRICE OVERHEADS& PROFIT COMPLETE ££ £ £

532 H. M. GOVERNMENT sea planes 31075 9111 29.32 3487 5624 1916 533 ADMIRALTY barges 166400 85152 51.17 18153 66999 1915 534 H. M. GOVERNMENT gun mountings 5973 -5973 1918

536 H. M. GOVERN[NT gun nountings 15914 -39 :i4 1916 537-538 ADMIRALTY (DESTROYERS) HMS PELLICAN, HHS PELLEW 316889 85728 27. U5 41832 43896 1917 539 H. M. GOVERN¬NT seaplanes 50842 29327 57.68 5133 24194 1916 54O H. M. GOVERNMENT munitions 1895 -1895 19 16 541 H.?!. GOVERN¬NT seapanes 37491 12079 32.22 47U6 7373 1916 542 GOVERNMENT howitzers arid equipment 46489 17 369 1917 543 H. M. GOVERN[NT field gun equipnent 18433 656 1917 544 H. M. GOVERNMENT muni tions 8684 72 1916 545 H. r1. GOVERN[NT ai rship 161687 39621 24.50 23072 16549 1919 546- 547 IRRAWADDY, SLADEN 96092 22456 23.37 16554 5902 1916 548 CAIRO & CO. boilers 14573 5463 37.49 1232 4231 1916 549-550 ADMIRALTY (DESTROYERS) HMS SATYR, HfIS SHARPSHOOTER 342468 80658 23.55 38418 42240 1917 551 ADMIRALTY (CRUISER) HMS RALEIGH 1401717 292753 20.89 177796 114957 192(1 552 H. M. GOVERNMENT aeroplanes 59372 16211 27.38 7589 13622 1917 553 H. M. GOVERNt[NT ai rship 131374 44544 33.91 28272 16272 1919 554 H. M. GOVERNt1ENT ai rship 11427 1253 10.97 264 909 1919 555 ADMIRALTY (SUBMARINE) HMS K. 16 367378 135940 37.00 41074 94866 191(3 556 ADMIRALTY (DESTROYER) HNS TANGRED 176563 26418 14.96 20130 6288 1917 557 CUNARDSTEAMSHIP CO. TYRRHENIA 1358773 283845 28.89 166653 117192 1922 558 H. M. GOVERNMENT fuses 60195 40645 1918 559 ADMIRALTY (DESTROYER TURBINES) HMS TORMENTOR 42000 2241 5.34 3699 -1458 1917 560 ADP1IRALTY(DESTROYER) HMS ULSTER 179188 40668 22.70 18737 21931 1917 561 ADMIRALTY SUBMARINE) HMS L. 6 114318 25951 22.71) 17790 8161 1918 . 562 H. M. GOVERN1ENT aeroplanes 35934 10204 28.40 3600 6604 1917 563-564 ADMIRALTY (DESTROYERS) HMS VANCOUVER, HMS VANESSA 428628 105865 24.78 55514 50351 1918 565-568 INDIAN GOVERNMENT paddle hospital vessels 253647 41646 16.42 31598 10048 1918 569 ADMIRALTY erecting submarine engine bearers 17988 6567 36.51 2798 3769 1917 570 ADMIRALTY (DESTROYER) HMS VANITY 21459U 58774 27.39 27325 31449 1918 571 H. M. GOVERNMENT field gun equipment 20910 12633 1917 572 H. M. GOVERNMENT 1922 mines 1 519 -983 573 H. H. GOVERNMENT gun carriages 46302 34807 1917 574 H. M. GOVERNMENT barges 76946 50810 66.03 21U9 48701 1917 575 H. M. GOVERNMENT airship 242634 95678 39.43 69574 26104 1919 576 H. M. GOVERNMENT aeroplanes 22615 4605 20.36 2312 2293 1917 577 H. M. GOVERNMENT tanks 23226 7390 1919 578 H. M. GOVERNMENT airship 269359 118820 44.11 89625 29195 1922 579 H. M. GOVERNMENT aeroplanes 72000 16711 23.21 11077 5634 1918 580 ADMIRALTY (SUBMARINE) HMS L. 69 104820 32031 30.56 15753 16278 1919 581 ADMIRALTY ( CANCELLED SUBMARINE) HMS L. 7U 74473 22842 30.67 11332 11 51(J 1919 582 ADMIRALTY boilers 5627 1918 -36 -0.64 1022 -1(J58 583 engines 19800 9506 48.01 2310 7.196 1919 584 ANCHORLINE CAMERONI A 1390755 267663 19.25 181631 86032 1921 585 ADMIRALTY boi lers 8933 -2253 -25.22 1909 -4162 1918 586 H. M. GOVERNMENT gun carriages and limbers 74611 709 1919 Wl'-UAMBEARDMORE & CO.ýTD. (DAI-MUIR) WORKS CUSTOMER NAME INVOICECONTRIBUTION TO ONCOST NETPROFI YEAR ORDER PRICEOVERHEADS & PROFIT COMP'-ETE tv

587 H.M. GOVERNMENT guncarriages and limbers 153269 972 1919 589-592 ADMIRMY(DESTROYERS) HMSTACTICIAN, HMS TARA, HMS TASMANIA, HMS TATTOO 804963 206353 25.64 126497 79856 1919 593-596 ADMIRMY(SUBMARINES) HMSH. 47, HMSH. 48, HMSH. 49, HMSH. 50 262961 80610 30.65 39038 41572 1919 597 EDWARDFINCH & CO. boilers 14050 4216 30.01 1811 2405 19A 596 H.M. GOVERNMENT aeroplanes 115473 36168 31.32 8973 27195 1919 599 ADMIRALTY(DESTROYER) HMSVANSITTART 233520 54176 23.20 35161 19015 1919 600 ADMIRMY(CANCELLED DESTROYER) HMS VANTAGE 173983 42681 24.53 24976 17705 1920 601 H.M. GOVERNMENT aeroplanes 274022 59707 21.79 31389 28318 1920 602 ADMIRALTY(CANCE'-LED CRUISER) HMSDARING 80897 16749 20.70 15231 1518 1919 603 ADMIRALTY(CANCELLED CRUISER) HMSDESPERATE 604-605 ADMIRMY(CANCEý'-ED DESTROYERS) HMSVASHON, HMS VENGEFUý 75911 13779 18.15 13850 -71 1919 606 ADMIRALTY(CANCELLED SUBMARINE) HMS L. 59 15762 2747 17.43 3201 -454 1919 607 H.M. GOVERNMENT guncarriages 151547 57655 1921 60B boilers 27497 2084 7.58 4493 -2409 1920 609 H.M. GOVERNMENT aeroplanes 26732 -1485 -5.56 2705 -4190 1920 610 H.M. GOVERNMENT fuses 267 1079 1919 611 I-I-OYDSABAUDO CONTEROSSO 1516378 213483 14.08 185426 28057 1922 612 '-'-OYDSABAUDO CONTEVERDE 613 G&J BURNS SETTER 118610 2860 2.41 19798 -16938 1920 614 airship 3981 568 14.27 788 -220 1922 615 W.A. ýEITH HANNAE. REYNOýDS 616 COMMONWEAI-THGOVERNMENT I-INE I-ARGSBAY 1149703239298 20.81 137790 101508 1921 617 COMMONVIEkTHGOVERNMENT ýINE ESPERANCEBAY 1083504 223585 20.64 129021 94564 1922 618-619 MACANDREWS& CO. PIZARRO, PIN ZON 621 BRITISHTANKER CO. LTD. BRITISHTRADER 270893 49345 18.22 31288 18057 1921 622 BRITISHTANKER CO. LTD. BRITISHMERCHANT 352916 66082 18.72 42805 23277 1922 623 BRITISHýANKER CO. '-TD. BRITISHENTERPRISE 245777 45000 18.31 28274 16726 1921 624 ASSOCIATIONPETROLIERS SAINTJEROME 225420 39235 17.41 25530 13705 1922 625 BRITISHTANKER CO. LTD. BRITISHCOMMERCE 217701 37893 17.41 24733 13160 1922

1_1 locomotives 467009 502D4 10.75 110306 -60102 1921 L2 locomotives 351000 97291 27.72 75042 22249 1921 L3 locomotives 192567 -3D75 -1.60 53624 -56699 1921 1-4 locomotives 934155 235448 25.20 218275 17173 1922 APPENDIXFV

SCOTT'SSHIPBUILDING & ENGINEERINGCO. LTD.

The net profit/-loss on individual contracts was an integral part of the accounts of the company from the time of its formation in 1902. The company's accounts together with the complete set of detailed ledgers and journals contained in the UGD319/6/ series and the UGD319/7/ series therefore provide a definitive source for the net profit/-loss arising on each contract provided that it is borne in mind that the costs of engines and boilers in the shipbuildino department's books includes net profits/-losses taken by the engine department.

Invoice prices and cost breakdowns underlying these net profits/-losses have been obtained from the the following sources:

1) A useful analysis of sales prices, costs and net

profits/-losses for contracts completed between 1901

and 1906 is to be found in UGD3L9/11.

2) No comparable list exists for tne period 1907 to 1912

but the ledgers and journals mentioned above give

figures for sales, overhead charges and net profits/-losses.

and, although neither the ledgers nor the journals split

engine shop costs into materials and labour, the cost of

engine shop labour can be derived from the figure for

engine shop charges as these were being applied as a

fixed percentage of labour at this time.

3) A useful summary of the costs of all contracts completed between 1912 and 1919 is to be found in UGD319/5/2/43. This summary is not definitive as certain work done in

the engine shops for the shipyard is not included and it

is also necessary to correct the figures for adjustments

made after 1919 when the prices of many of the wartime

contracts were finalised. However, these deficiencies can

be overcome by using the figures in conjunction with the

relevant detailed contract ledgers (UGD319/6/2/15 and UGD

319/6./2/19). More important, it shpuld be noted that the

engine shop charges given on the list differ from those

given in the er.qine shop cost ledgers as labour credited to

No. 2 Wages Account has been treated as charges on the list

whereas the ledgers consistently treat this item as labour.

In this appendix the costs have been corrected by adding 20%

to enqine shop labour and deducting a corresponding amount

from engine shop charges, thereby bringing the fiqures for

overhead charges into line with that given in the ledgers.

4) Contract Cost Ledgers UGD319/14/2/1 and UGD319/14/7/1 give

the details of invoice prices, costs and net prof its, /-losses

from 1921 onwards, the figures from the latter (engine shop) being transferred in total to the former (shipyard). While the

catalogue description implies that these ledgers contain all

contracts from Works order 479 onwards, this is not the case

and most of the ships completed in 1920 and 1921 are missing.

Details of the costs of these missing contracts are to be

found in the Cost Transfer Ledgers (UGD319/14/4/1 and UGD

319/14/9/1) which are in fact the detailed cost ledgers from

which the entries in the Contract Cost Ledgers are derived. SCOTT'S SHIPBUILDING & ENGINEERING CO. LTD.

WORKS ENGINE NAME CUSTOMER INVOICE DEDUCTION MATERIALS LABOUR CONTRIBUTION TO OVERHEADS NET PROFIT YEAR ORDER NO. PRICE HULL ENGINES HULL ENGINES OVERHEADS& PROFIT SHIPYARD ENGINE COMPLETE 500P £££££££? £££

367 411 H. B BYLES SAEVUNA 5L19 . 1415 519 1541 798 846 16.53 177 145 524 1901 368 412 DEERPARKSTEAMSHIP CO. DEERPARK 68OO 6528 2828 4374 1856 1214 7.23 654 515 45 1901 369 413 GRAVEL PARK STEAMSHIP CO. GRAVEL PARK 16800 6507 2922 4251 1690 1430 8.51 65 506 279 1901 414 engines 16228 0 10631 0 5131 416 2.56 U 1729 1901 415 16228 -1313 engines U 10448 0 5009 771 4.75 U 1667 6 1901 37() 416 CHINA NAVIGATION CO. CHANGCHOW 37862 -E? 12803 5370 7793 3159 8737 23.08 1246 938 6553 1901 371 417 CHINA NAVIGATiON CO. HANYANG 37877 12736 5175 7359 3132 9L75 25.02 1206 914 7355 1901 372 418 CHINA NAVIGATION CO. HUPEH 37883 12766 5175 7327 3131 9484 25.03 1206 91L 7364 1901 373 419 CHINA NAVIGATION CO. YUNNAN 37883 12690 5175 7502 3132 9384 24.77 1212 913 7259 1901 374 420 CHINA NAVIGATION CO. SHAOHSING 42136 14106 5722 b934 3915 9459 22.45 1382 1060 71)17 1901 375 421 CHINA NAVIGATION CO. YOCHOW 42142 14102 5830 8357 3776 10077 23.91 " 1347 1056 7674 1901 422 ADMIRALTY (BATTLESHIP ENGINES) Ht1S PRINCE OF WALES 197902 (1 106059 0 48032 43811 22.14 0 14783 29028 1903 423 engines 8800 0 5562 0 3762 0 101J3 -524 -5.95 -1527 1902 424 8800 engines U 558(3 0 2e34 386 4.39 0 878 -492 1902 425 engines 8800 0 6009 0 3013 -222 -2.52 (1 905 191)2 376 426 ANGLO-AMERICANOIL CO. NARRAGANSETT 156037 -1127 57997 30709 47778 125131 6972 4.47 5702 3890 1903 377 BRITISH INDIAN SN CO. BHARATA 112225 -2621) 427 43573 25641 23652 10869 8490 7.57 3597 3372 1521 1903 3Th 428 CLYDE SHIPPING CO. KISH 66856 25656 11091 14911 5829 9369 14.1)1 234 1578 5357 1902 379 429 CLYDE SHIPPING CO. KALIBJA 66858 25705 11219 14873 4490 10571 15.81 2435 1429 6707 1902 380 430 ADMIRALTY (ARMOUREDCRUISER) HMS ARCYLL 622262 122365 1581301 117751 38382 114963 29.72 18766 14138 152039 1905 381 431 CHINA NAVIGATION CO. ANHUI 41092 12934 6328 8351 3711 9768 23.77 1703 835 7230 1903 332 432 CHINA NAVIGATION CO. CHENAN 41040 12863 61)18 8203 2937 111)19 26.85 1686 817 E3516 1903 383 434 CHINA NAVIGATION CO. LINAN 40997 12779 6059 7823 2771 11565 28.21 1648 801 9116 1903 384 433 CHINA NAVIGATION CO. CHINHUA 40745 12768 6025 7987 2827 11138 27.34 1660 13114 b674 1903 385 435 CHINA NAVIGATION CO. TAt1INC 40739 12692 6025 7760 2844 11418 28.03 1636 802 8980 191)3 386 436 CHINA NAVIGATION CO. JEAN 40715 12158 5975 8219 2995 11368 27.92 1710 832 8826 1904 387 437 R. S. SCOTI CRIANAIC 20000 8520 2646 5008 1867 1959 9.81) 867 451 641 1904 388 438 W.F. COOK BERYL 25089 8400 3072 5961 1962 5694 22.70 1008 505 4181 1904 389 439 WESTERNSTEAMSHIP CO. GLENLEE 43220 1f1428 7837 10396 3757 2802 6.48 231)6 1159 663 1904 390 440 CHINA NAVIGATION CO. SHUNTIEN 35294 -. 11988 5761 8007 3184 6354 113.1)0 1561] 1393 3901 191)4 391 ESSRS. RUSSELL ARCHIBALD RUSSELL 20907 13431 0 6467 0 1009 4.83 1592 0 -583 1905 441-460 LONDONCOUNTY COUNCIL engines 51666 0 27038 0 15072 9556 18.50 0 4088 546H 191)6 461 ADMIRALTY (CRUISER ENGINES) HMS DEFENCE 292906 U 152957 0 62064 771385 26.59 15516 392 1] 62369 191)9 462 INDIAN STEAMSHIP CO. CLENLYON 43201) 181)96 7449 961)3 3966 4086 9.46 2401) 1104 582 1905 393 463 CHINA CO. FENOTIEN NAVIGATION 35085 12018 5779 7767 31413 394 6373 113.16 1944 786 3643 1905 464 ANGLO ALGERIAN STEAMSHIP CO. AFGHANISTAN 45861 19618 8400 10752 3857 3254 7.09 2662 963 1905 395 465 ANGLO ALGERIAN STEAMSHIP CO. GULISTAN -371 45361 19387 8423 9788 3739 4024 8.87 2447 396 935 642 1905 466 CHINA NAVIGATION CO. HUICHOW 35347 11613 5197 7029 2560 8948 25.31 1757 640 6551 1905 397 467 CHINA NAVIGATION CO. KANCHOW 35347 11603 5238 7147 2542 8817 24.94 1787 398 635 6395 1905 468 CHINA NAVIGATION CO. KUEICHOW 35361 11673 4977 6724 2508 9479 26.81 1681 399 627 7171 1905 469 CHINA NAVIGATION CO. LIANOCHOW 35362 11623 5147 6911 2356 9325 26.37 1728 589 40U 71)08 1905 470 CHINA NAVIGATION CO. LUCHOW 35361 11598 5151 6614 2502 9496 401 26.85 1654 626 7216 1905 471 CHINA NAVIGATION CO. Y1NGCHOW 35360 11646 5207 6576 2546 9385 26.54 1644 402 636 711)5 191)5 472 JOHN M. CAMPBELL& SON DALHANNA 47032 21246 9017 11032 3975 2562 5.36 2758 672 191)6 41)3 473 JOHN M. CAMPBELL & SON DALBLAIR -868 47836 2lUb4 91)38 111)32 3928 2754 5.76 2717 664 4(J4 -627 191)6 474 ALFRED HOLT & CO. MEMNON 55035 22782 10987 14124 5501) 1642 2.98 5531 1115 191)6 . -3U04 SCOTT'S SHIPBUILDING & ENGINEERING CO. LTD.

WORKS ENGINE CUSTOMER NAME INVOICE DEDUCTION MATERIALS LABOUR CONTRIBUTION TO OVERHEADS NET PROFIT YEAR ORDER NO. PRICE HULL ENGINES HULL ENGINES OVERHEADS& PROFIT SHIPYARD ENGINE COMPLETE SHOP £££££££££ £

405 CU. ASTYANAX 55035 11043 13116 5627 1809 475 ALFRED HOLT & 22840 3.29 3L29 1106 -2726 1906 406 476 BOARD OF TRADE CARNARVON 20483 7736 4189 6465 2642 -549 -2.68 1616 4Ed -2646 1906 407 477 ANGLO STEAMSHIP CO. DARDISTAN 46221 21304 7952 10218 ALGERIAN 3905 2842 6.15 2554 (39 -351 1906 1J8 478 DONALDSONBROTHERS LTD. CASSANDRA 106984 43650 18929 25025 8800 10580 9.89 6256 1427 2897 1906 409 480 C&3 BURNS LURCHER 29795 11145 13340 1.26 LTD. 6180 3756 37L 1545 604 -1775 1906 410 479 G&] BURNS LTD. SETTER 29795 11122 8178 5968 3576 951 3.19 1492 575 -1116 1906 411-412 OCEAN STEAMSHIP CO. STYX, ACHERON 2004 1187 0 454 0 363 18.11 113 0 250 1906 413 481 JOHN M. CAMPBELL& SON DALMORE 50886 231512 9347 10020 3525 4682 9.20 2505 705 1472 1907 414 482 JOHN M. CAMPBELL& SON DALDAROCH 50886 23778 8789 971)8 4004 L607 9.05 2427 801 1379 1907 415 4H3 FALLS LINE S. S. CO. FALLS OF NITH 509 14 23803 8¬78 9944 4020 4269 8.38 2486 8(JL 979 1907 46. -42O CIA. ARGENTINA DC LANCHAS sailing lighters 30048 17364 0 8196 0 4488 14.94 2049 0 2439 1907 421 484 CLYDE SHIPPING CO. PLADDA 38575 14277 8269 8752 3300 3977 10.31 2188 825 964 1907 422 485 IQUITIS S. S. CO. 11428 MANCO 66112 29717 161)00 4112 4855 7.34 4000 11)28 -173 1908 423 486 R. L. SCOIT CASSANDRA 57657 22910 8185 12844 4164 9554 16.57 3211 1041 5302 19138 487 ADMIRALTY (BATTLESHIP ENGINES) HMS ST. VINCENT 235155 0 1771(J1 0 33L92 24562 10.45 0 8373 16189 1910 424 488 ALFRED HOLT & CO. GORDON 47375 20657 7351) 10732 3672 4964 10.48 2683 918 1363 1908 425 489 GLENEDENSTEAMSHIP CO. GLENEDEN 46581 20107 9492 8736 3480 4766 10.23 2184 870 1712 1909 426 49U INDIAN STEAMSHIP CO. GLENORCHY 46720 19962 9316 8680 3616 5146 11.01 2170 9W 21J72 1909 427 491 CLYDE SHIPPING CO. BEACHY 47137 19232 8958 8952 3040 6955 14.75 2230 760 3957 1909 428 492 CLYDE SHIPPING CO. HURST 47174 19420 9040 8640 3064 7010 14.86 2160 766 4084 1909 429 493 CARRONCO. CARRON 55639 226L9 12211) 11604 47b0 41316 7.76 2921 1195 200 19U9 430 494 ADMIRALTY (BATTLESHIP) HMS COLOSSUS 717597 239185 151176 183708 55692 87836 12.24 45927 13923 27986 1911 431 495 BOOTH STEAMSHIP CO. HILDEBRAND 129050 58960 25055 36(124 12052 -3041 -2.36 9U06 3013 -15060 1911 432 CO. ATREUS 496 ALFRED HOLT & 86000 34364 18445 22264 8700 2227 2.59 5566 2175 -5514 1911 433 497 ALFRED HOLT & CO. RHESUS 80000 26952 18172 22304 6972 5600 7 00 5576 1743 1911 . -1719 434 498 STRAITS STEAMSHIP CO. KRIAN 25550 9676 4539 2892 1643 6800 6. L3 1700 723 -780 1911 435 499 ADMIRALTY (SUBMARINE DEPOT-SHIP)HMS MAIDSTONE 113654 50064 22420 16189 47964 -22983 -20.22 11991 4049 -39023 1912 436 500 ALFRED HOLT & CO. TALIHYBIUS 115 361 51885 23136 33786 10930 -4376 -3.79 8447 2950 -15773 1912 437 501 DONALDSONBROTHERS LTD. LETITIA 119590 533145.23111 11063 31949 122 0.10 7988 2944 -10810 1912 438 502 ADMIRALTY (BATTLESHIP) HMS AJAX 847578 276412 15L927 237339 57339 121561 14.34 66810 14384 40367 1913 439-L4i CIA ARGENTINA DE LANCHAS sailing barges 18013 8567 0 6617 0 2829 15.71 1655 1) 1174 1912 442 503 ALFRED HOLT & CO. IXION 129265 54326 23491 33202 10201 8045 6.22 8298 2644 -2897 1913 443 5U4 WILLIAM THOMSON& CO. BENMOHR 50804 22645 10333 14086 5297 3522 1443 -1562 -3.07 -6527 1912 444 505 F. LEYLAND & co. Lm. NESSIAN 70979 28102 14147 17382 6431 4917 6.93 4346 1696 -1125 1912 445 506 (SUBMARINE) ADMIRALTY HMS Si 53044 19679 23338 9389 7978 -7340 -13.84 2289 1994 " -11623 1914 446 507 CUNARDSTEAMSHIP CO. ANDANIA 283905 130231 40803 65455 16449 30967 10.91 16363 4515 10089 1913 447 5U8 CUNARDSTEAMSHIP CO. ALAUNIA 284488 124381 39874 68434 14428 37371 13.14 17109 3607 16655 1913 448 509 ALFRED HOLT & CO. HELENUS 123590 42009 22956 28662 11162 18801 15.21 7067 1734 bOhr) 1913 449 510 TANK STORAGE& CARRIAGE CO. TATTARAX 107667 32946 19088 26927 8080 20626 19.16 6806 2274 11546 1914 " 450 511 ALFRED HOLT & CO. AGAPENOR 129497 43926 24983 26062 81107 26119 20.17 8399 272(1 15000 1914 451 512 CUNARDSTEAMSHIP CO. TRANSYLVANIA 365011 148010 59135 75509 20317 62040 17.00 21143 5082 35015 1914 513 ADMIRALTY SERVATOR 0 19607 0 12330 HMS 26051 -5886 -22.59 0 3083 -8969 1916 452 514 F. LEYLAND & CO.LTD. ORUBIAN 68463 25424 13836 14185 5552 9466 13.83 3973 1541 3952 1914 4,3 515 ADMIRALTY (SUBMARINE) HMS 52 78761 19732 21167 8435 11864 17563 22.30 2386 2967 12210 1915 454 516 ADMIRALTY (SUBMARINE) HMS 53 78800 19516 2U5J2 8591 10427 19684 24.98 2290 2606 147U0 1915 WORKS ENGINE CUSTOMER NAME INVOICE OCDUCTION MATERIALS LABOUR CONTRIBUTION TO OVERHEADS :i PROFIT YEAR ORDER NO. PRIcE HULL ENGINES HULL ENGINES OVERHEADS& PROFIT SHIPYARD ENGI COMPLETE . SHOP ££££££ £%££ £

455 517 CHINA NAVIGATION CO. cHENGTU 48416 28353 8063 2844 4002 5154 10.65 995 834 3325 1914 456 518 ADMIRAI.TY (SWMARI) HMS SWORDFISH 206401 65490 37659 63368 21204 18680 9.05 23024 5289 1916 -9633 519 ADMIRALTY (CRUISER ENGINES) HMS CONQUEST 169257 0 97102 0 47165 24990 14.76 0 14117 10873 1915 457 520 CROSSBURNSTEAMSHIP CO. MUNW000 56737 18875 11653 11217 4671 10321 18.19 3142 1549 5630 1914 458 521 CHINA NAVIGATION CO. CHUSAN 42214 14732 7939 9649 2937 6957 16.48 2926 856 3175 1914 459 522 ALFRED HOLT & CO. MENTOR 128805 44895 25638 26880 10032 21360 16.58 8614 2746 10000 J914 460 523 ALFRED HO_I & CO. TYNDAREUS 203014 69725 37557 47157 16917 31658 15. '9 14024 5634 12000 1916 461 524 CHINA NAVIGATION CO. SINKIANG 49568 15137 10645 11131 5405 7250 14.6L 3152 1098 3000 1915 462 525 ADMIRALTY (SUBMARINE) HMS 614 161205 31565 47051 33787 25268 23534 14.60 4675 4750 14109 1917 463 526 ADMIRALTY (SUBMARINI) HMS E31 76919 16214 890 34437 2341 23037 29.95 12958 1990 8089 1917 158161 464 527 ADMIRALTY (DESTROYER) HMS OBEDIENT 23010 48781 28236 22174 35960 22.74 11781 10079 14100 1916 465 528 ADMIRALTY (DESTROYER) HMS OBDURATE 143573 21539 45619 27787 16777 31851 22.18 11704 7351 12796 1916 466 529 ADMIRALTY (SLOOP) HMS BLUEBEU. 64370 11028 14279 13127 6481 19455 30.22 3275 1944 14236 1915 467 530 ADMIRALTY (SLOOP) HMS DAFFODIL 64305 10929 14015 12432 4828 22101 34.37 3136 1450 17515 1915 468 531 ALFRED HOLT & CO. DI OMED 258141 86840 66969 47680 21909 34743 13.46 16142 10601 8000 1917 197453 469 532 ADMIRALTY (MONITOR) HMS SIR JOHN MOORE 50062 20821 56166 9319 61085 30.94 12942 2795 45348 1915 470 533 ADMIRALTY (SLOOP) HMS MAGNOLIA 68168 11847 14343 13820 4753 23405 34.33 3442 1426 18537 1915 145724 47i 534 ADMIRALTY (DESTROYER) HMS PALADIN 22479 49516 26228 16025 31476 21.60 11748 6769 12959 1916 472 147108 535 ADMIRALTY (DESTROYER) HMS PARTHIAN 23427 50287 26434 15857 31103 21.14 11383 6606 13114 1916 84014 473 536 ADMIRALTY (SUBMARINE) HMS E51 17877 1139 37177 2489 25332 30.15 16843 967 7522 1917 474 143557 537 ADMIRALTY (DESTROYER) HMS PLUCKY 23424 50150 23748 16416 29819 20.77 10458 6555 12806 1916 145933 475 538 ADMIRALTY (DESTROYER) HMS PORTIA 24474 50297 24104 16495 30563 20.94 11021 6530 13012 1916 104998 539 ADMIRALTY (SUBMARINE ENGINES) HMS K2 0 50855 0 29591 24552 23.38 0 17286 7266 1917 471985 76 540 ADMIRALTY (CRUISER) HMS CARADOC 132223 118898 84642 52894 83328 17.65 38591 22980 21757 1917 477 364113 541 ADMIRALTY (SUBMARINE) HMS K15 50831 55463 86224 25037 146558 40.25 52408 20000 74150 1918 180163 478 542 ADMIRALTY (DESTROYER) HMS TIRADE 28946 64757 23441 25124 37895 21.03 10547 15400 11948 1917 479 692103 543 CUNARD STEAMSHIP CO. ALBANIA 238823 121755 164179 62187 105159 15.19 47735 17820 39604 1921 179940 480 544 ADMIRALTY (DESTROYER) HMS URSULA 28757 61691 23412 20074 46006 25.57 10535 15400 20071 1917 481 538056 160443 102773 545 ALFRED HOLT & CO. ACHILLES 108572 52243 114025 21.19 41239 23797 48989 1920 474720 482 546 DONALDSONBROTHERS LTD. CORINALDO 166324 119104 64183 32731 92378 19.46 25059 14850 52469 1921 483 218596 547 CHINA NAVIGATION CO. KALGAN 67012 42331 39948 21353 47952 21.94 11766 7192 28994 1921 484 612999 148639 548 ADMIRALTY (CRUISER) HMS DRAGON 153444 116699 61916 132301 21.58 55400 26065 50836 1918 485 205676 33702 549 ADMIRALTY (DESTROYER) HMS 'I¬STMINSTER 66931 32748 25343 46952 22.83 16657 9965 20330 1918 486 204376 550 ADMIRALTY (DESTROYER) HMS WINDSOR 34406 65127 35591 22017 47235 23.11 16658 9966 20611 1918 140000 0 551 AYRSHIRE DOCKYARD engines 68150 0 30460 41390 29.56 0 24652 16738 1920 140000 0 552 AYRSHIRE DOCKYARD engi nes 67688 0 30742 41570 29.69 0 24615 16955 1921 487 169964 57011 553 SHIPPING CONTROLLER WAR ANGLER 22965 42082 9156 38750 22.80 18000 5602 15148 1918 488 154754 554 SHIPPING CONTROLLER WAR DUCK 48039 24657 40313 9745 32000 20.68 14000 545o 12550 1918 3748 0 3168 0 427 11.39 555 SHIPPING CONTROLLER engines 153 0 277 150 cancelled 489 I 39559 34508 556 ADMIRALTY (SUBMARINE) ElMSL71 33204 1697 64567 5583 24.73 21120 2455 10933 1919 490 63214 22738 757 17504 27.69 557 ADMIRALTY (CANCELLED SUBMARINE) HMS L72 21230 985 10913 517 6074 cancelled 491 190222 558 ADMIRALTY (DESTROYER) HMS SWALLOW 28583 64561 31521 24062 41495 21.81 13635 11155 16705 1918 92 191086 559 ADMIRALTY (DESTROYER) HMS SWORDSMAN 28871 64684 33526 22360 41645 21.79 13623 11158 16864 1919 493 195324 560 ADMIRALTY (DESTROYER) HMS STRENUOUS 28612 66241 32135 24639 43697 22.37 13843 12743 17111 1919 494 192178 561 ADMiRALTY (DESTROYER) HMS STRONGHOLD 28891 64880 32171 22525 43711 22.75 13844 12743 17124 1919 495 197776 562 ADMIRALTY (DESTROYER) HMS STURDY 29052 66793 34227 23988 43716 22.10 13843 12743 17130 1919 496 138719 563 ADMIRALTY (CRUISER) HMS DURBAN 600860 146340 152498 110062 53241 23.09 59563 26861 52295 1919 scoTt's SHIPBUILDING & ENGINEERING CO. LTD.

NAME INVOICE WORKS ENGINE CUSTOMER DEDUCTION MATEIIALS LABOUR CONTRIBUTION TU OVERHEADS NET PHOFIT YEPR PRICE ORDER NO. HULL ENGINES HULL ENGINES OVE1HEADS& PROFIT SHIPYARD ENGINE COMPLETE SHOP £ £ ££ £££%£££

497 564 (CANCELLE[) DESTROYER) HIlS WHEELER 1099U6 58U0 17127 251b7 ADMIRALTY 15733 46059 22.92 3192 11815 lOlBu cancelled 498 565 ADMIRALTY (CANCELLED DESTROYER) HMS WHELP 66656 26852 3531 5959 11254 16.88 1840 19U60 3393 6U2 cance 11 ed 499 566 ADMIRALTY (CANCELLED DESTROYER) HMS WHIP 18393 3892 2091 1733 3611 19.63 1034 71)66 771 18U6 cance 1 led 500 567 ADMIRALTY (CANCELLED DESTROYER) HMS WHIPPET 16417 3451 2158 3L2 2741 16.71] 7725 11)46 152 1543 cancelled 501 568 ADMIRALTY (CANCELLED SUBMARINE) HMS L. 63 5171 127 584 44 15.99 3589 427 281) 20 527 cancel led 502 569 ADMIRALTY (CANCELLED SUBMARINE) HMS L. 64 4500 125 401) 35 67] 194 3269 i4.91 16 461 cancelled 570 TROILUS 467956 503 571 ALFRED HOLT & CO. 148848 93463 82759 39762 l(i3124 22.04 38157 2246U 425U7 921 PHEMIUS 468183 504 572 ALFRED HOLT & CO. 163098 87752 78848 325ü5 11J5983 22.64 4234k 21187 2452 1921 505 573 ALFRED HOLT & CO. PHILOCTETES 571]101 21)4648 1i7258 911118 379(11 129186 22.66 51RB7 254ii3 51896 1922 KWEIYANG 506 574 CHINA NAVIGATION CO. 211 299 69175 37592 36676 1/4448 53408 25.28 1252 71345 30311 1921 KI UNGCH1fl 507 575 CHINA NAVIGATION CO. 197650 65647 36298 33347 14336 481)22 24.30 14716 7623 256U3 1921 KI NCYUAN 508 576 CHINA NAVIGATION CO. 194418 638119 35657 31846 12793 50233 25.84 14329 7295 26U9 1921 577 JOHN SWIRE & SONS enqifleS 6754 cl 5716 0 348 691) 10.22 1) 348 3L2 1921 NANGCHANG 509 590 CHINA NAVIGATION CO. 97439 28L)42 17756 18163 10966 22512 23.10 6931 43(]3 11273 1922 GRACIA 510 578 DONALDSON BROTHERS 331878 1tJ5686 64195 56Ü[JU 25134 8(J863 24.37 24253 13389 43221 1921 511 579 DONALDSON BROTHERS cancelled 81141) 11997 2445 2075 51549 63.53 13U74 3841 2192 46316 cerlcp. llRd 512 580 DONALDSON BROTHERS cancel led 9931 6200 47 1153 2393 24.18 138 11 11133 1279 cancelled 21437 581 CHINA NAVIGATION CO. engines (] 9501 Ii 4570 7366 34.36 0 4570 2796 1921 513-514 5B2-5E33 cancelled 2)39249 36891 18697 7768 102545 35.45 (1 LLOYDS BELGE 123348 1) 1U2545 cancelled 21919 584 JOHN SWIPE & SONS engines 0 9U56 U 5002 761 35.86 0 5802 2859 1921 ADRASTUS 515 5b5 ALFRED HOLT & CO. 27i993 13923U 52683 44000 25524 63556 23.11 24335 13690 25531 1923 ACONCAGUA 551317 516 586 COMP.SUD AN1ERICDE VAPORES 174824 189545 83235 49272 134441 24.39 38958 24073 71410 1922 TEND 517 587 COMP.SUD AMERIC DE VAPORES 466480 157296 95145 67491 32901 113647 24.36 33652 19267 6U7b 1922 588 JOHN SWIRE & SONS engines 2495)3 (3 10364 0 5644 8950 35.86 0 5700 325U 1921 PA JR DCL US 518 591 ALFRED HOLT & CO. 446430 153686 78497 85U71 32744 96432 21.60 41965 19467 35U00 1923 NEWEH WANG 100692 519 589 CHINA NAVIGATION CO. 27914 18178 18193 11589 24818 24.65 6916 4465 13437 1922 520 592 ALFRED HOLT & CO. DOLIUS 246670 65456 66470 36517 47239 30988 12.56 17884 18043 - -4939 1924 HECTOR 419254 521 593 ALFRED HOLT x CO. 138317 74653 133657 29968 92659 22.10 39289 18370 35U00 1924 ASPHALION 522 594 ALFRED HOLT & CO. 232347 63262 50439 39344 26497 52805 22.73 18084 13509 21212 1925 POL YDOR US 523 595 ALFRED HOLT & CO. 221423 65187 43097 39850 22957 50332 22.73 18553 11560 2ti219 1925 CENTAUR 524 596 ALFRED HOLT & CO. 111825 52932 14579 27807 7063 9444 8.45 5995 1067 1582 1924 PROMETHE US 525 597 ALFRED HOLT & CO. 220785 87342 21001 45298 13629 53515 24.24 23681 6060 23774 1925 AL CI NOUS 526 598 ALFRED HOLT & CO. 224162 83328 24934 47032 16141 52727 23.52 23241 6923 22563 1926 ANKING 527 599 CHINA NAVIGATION CO. 131958 38392 25836 22310 15795 29625 22.45 1(1831 6645 12149 1925 BLAIR 528 600 CAMPBELL BROTHERS& CO. LTD. DAL 82952 31629 16236 17555 9809 7723 9.31 7022 4904 -4203 1927 DALCAIRN 529 601 CAMPBELL BROTHERS& CO. LTD. 83012 31101 15743 16144 7467 12557 15.13 6458 3733 2366 1927 530 302 CAMPBELL BROTHERS& CO. LTD. DAL MORE 82350 15717 17782 7094 16163 12.34 7112 3547 31594 -496 1927 DALVEEN 531 603 CAMPBELL BROTHERS& CO. LTD. 82347 31183 15659 16003 7452 11970 14.54 6433 3726 11311 1927 532 604 STRAITS STEAMSHIP CO. LI Pl S 35560 4643 10793 3764 1282 3.61 4317 1882 15076 -4917 1927 533 605 ALFRED HOLT & CO. EURYBATES 250253 66767 43818 43219 15934 6.37 17524 20304 80515 -21194 1928 534 6U6 ATLANTIC REFINING CO. BRUNSWI CK 124081 11)262 37885 10640 16877 13.60 15154 5320 48417 -3597 1928 535 6L17 LONDON& EDiNBURGH SHIPPING CO. ROYAL ARCHER 103500 19023 26525 13127 10610 46055 -1230 -1.19 6563 -184U3 1928 536 6DB LORD CLENTANAR EL K 30684 4341 9523 1491 1818 5.92 3009 746 13511 -2737 1928 537 609 [)ENHOLMLINE EL1)ONP A RK 82983 15525 17121 8909 11225 13.53 61348 4454 30203 -77 1928 SCOTT'S SHIPBUILDING & ENGINEERING CO. LTD.

WORKS ENGINE CUSTOMER NAME INVOICE DEDUCTION MATERIALS LABOUH CONTRIBUTION TO OVERHEADS NET PROFIT YEAR ORDER NO. PRI CE HULL ENGINES HULL ENGINES OVEFIHEADS& PROFIT SHIPYARD ENGINE COMPLETE SHOP £ £ £££££%££ £

HMS ANTHONY 23835 72905 38242 39092 28385 12.119 15297 19546 538 61U ADMIRALTY (DESTROYER) i1Ou 46211 -6458 193U 539 6L1 ADMIRALTY (DESTROYER) HMS ARDENT 218674 10001] 43640 69005 32882 29368 53779 15.45 13153 14684 5942 1930 LYLEPARK 79127 15632 16614 7235 9356 11.82 6646 3618 540 612 DENHOLMLINE 30290 -9U8 1929 CLVI ONEUS 250517 75032 53841 28206 18A1 0.74 21536 14103 541 613 ALFRED HOLT & CO. 91588 -33789 1930 MYRMIDON 25ti932 598(14 48347 22627 28315 I1.2b 19339 11314 542 614 ALFRED HOLT & CO. 91839 -2338 1930 EARLSPARK 78120 15385 16303 6587 9763 12.5tJ 6521 3293 543 615 DENHOLMLINE 301382 -51 1929 LTD. DALCROSS 88867 19406 19139 11023 5611 6.31 7656 5511 544 616 CAMPBELL BROTHERS& CO. 33688 -7556 1930 LTD. DAL CR 0V 88589 18980 18073 8148 10458 11.81 7229 4074 545 617 CAMPBELL BROTHERS& CD. 32930 -845 1930 DAL FR AM 88564 19068 18021 7961 10646 12.02 7208 3981 546 618 CAMPBELL BROTHERS& CO. LTD. 32868 -543 1930 LTD. DALRYAN 88579 19133 17967 7948 10550 11.91 7i87 3974 547 619 CAMPBELL BROTHERS& CO. 32981 -611 1930 548 620 ALFRED HOLT & CO. AJAX 242376 110259 32554 57081 12411 30071 12.41 22832 6206 11)33 1931 549 621 ALFRED HOLT & CO. POLYPHEMUS 253051 91435 63289 45768 211112 32447 12.82 18307 10056 4084 1931 WINKLER 119663 13338 34391 11449 15758 13.17 13757 5724 550 622 ATLANTIC REFINING CO. 44727 -3723 1931 551 623 ATLANTIC REFINING CO. PER11AN 132740 49012 13502 36192 9894 24.140 18.19 14477 4947 4716 1931 552 62 CHINA NAVIGATION CO. ANSR UN 141778 4161)1 34363 24823 19818 21173 14.93 9928 9909 1336 1931 CO. ECLI PSE 194104 68891 42413 64540 22291 25816 11145 55_3 625 STANI)ARD TRANSPORTATION -4031 -2.08 -40992 1931 115491 554 626 CHINA NAVIGATiON CO. SHENKING 1150 29157 23930 19855 12176 29223 25.30 7942 6088 15193 1931 555 627 CHINA NAVIGATION CO. HUN AN 65820 22858 12195 13593 6526 10648 16.18 5437 3263 1948 1932 556 628 ADMIRALTY (DESTROYER) HMS ESCAPADE 246919 8000 42602 76221 33753 32101 54242 21.97 13502 16050 24690 1934 557 629 ADMIRALTY (DESTROYER) HMS ESCORT 242871 8000 40583 72498 29402 23414 68974 28.40 11761 11707 45 506 1934 YOCHOW 78328 780 25925 16793 14585 11147 9098 11.62 5834 5574 558 630 CHINA NAVIGATION CO. -2310 1933 559 631 ADMIRALTY (CRUISER) HMS GALATEA 762637 15053 1749(11 179353 111928 72225 209177 27.43 44770 36113 1 28 294 1937 YUNNAN 78056 1780 26444 16362 14828 9402 9240 11.84 5932 4701 56U 632 CHINA NAVIGATION CO. -1393 1934 185680 561 633 ADMIRALTY (SUBMARINE) HMS SEAWOLF 6000 17701 29482 24521 34779 73197 39.42 9807 17390 46000 1937 249590 562 634 ADMIRALTY (DESTROYER) HMS HOSTILE 8750 44945 76627 33996 31552 53720 21.52 13598 15776 24346 1937 563 635 ADMIRALTY (DESTROYER) HMS HOISPUR 246220 8750 42520 69285 30216 24195 71254 28.94 12086 12097 47071 1937 1060628 564 636 AD1IRALTY (CRUISER) HMS GLASGOW 27000 271185 235295 167029 85581 274538 25.88 66838 42790 164910 1938 637 ADMIRALTY (CRUISER ENGINES) HMS GLOUCESTER 429824 7500 0 250076 1) 94826 77422 18.1)1 0 47412 30010 1939 565 638 ADMIRALTY (SUBMARINE) HMS CACHALOT 303237 8942 39020 53352 51076 59437 91410 30.14 20435 29719 41256 1939 5080 125239 11450 53063 17103 30011 6595 7017 5.60 120(14 3298 566 639 ELDER DEMPSTERLINE -8285 1937 SWEDRU 125260 11450 52322 17105 20036 5153 11194 8.94 11214 2575 567 641) ELDER DEMPSTERLINE -2595 1937 568 641 ADMIRALTY (DESTROYER) UMS MATABELE 339198 5000 72271 923U3 56867 41419 71338 21. U3 22747 20710 27881 1939 569 642 ADFIIRALTY (DESTROYER) HMS PUNJABI 340815 50u0 69253 88827 50691 34016 93028 27.30 20276 17008 55744 1939

356545 8250 18491 571 644 ALFRED HOLT & CO. GLENROY 142104 41833 94394 51473 14.44 37B28 9245 14UD 1939

SANSU 193868 11928 451312 39457 23445 12862 6.63 15783 11723 573 61+6 ELDER DEt1PSTERLINE 60364 -14644 1939 15757 13.40 14338 574 647 ELDER DEMPSTERLINE SANGARA 19290() 11927 5B844 44688 35844 25840 778 3624 1939 APPENDIXFVI

ALEXANDERSTEPHEN & SONLTD.

The net profits/-losses on individual contracts appear to have been an integral part of the company's trading profit as the total of net profits/-losses on contracts constitutes one of the elements making up the tradinq profit but none of this detail survives. The material in this appendix is taken from miscellaneous cost records relating to Works Orders 469 to 549 and Works Orders 55U to 608 to be found in UCS3/23/4 and UCS3/23/5 respectively . ln the absence of supporting records it is impossible to say whether the figures contained in these records agree with the totals included in the company's financial accounts but, on the assumption that the companydid not normally take profit on account of uncompletedcontracts, the net profits/-losses shownare compatible with the company's trading results. ALEXANDERSTEPHEN & SON LTD.

NAME INVOICE DEDUCTION MATERIALS LABOUR CONTRIBUTiON TO OVERrEADS NET PROFIT YEAR WORKS CUSTOMER PRI CE HULL ENGINES hULL ENGINES OVERHEADS& PROFIT TED URDER COMPLE £ £££ ££ £%£ £

NARIVA 468 ROYAL MAIL STEAM PACKET CO. 19 2G/19 21 502157 NAT1A 21111398 5762U 126726 4U231 66682 13.28 54434 122L8 19 211/1921 469 ROYAL MAIL STEAM PACKET Co.

MAI AK ANA 474 SHAW SAVILL & ALBION 1921/19 22

CALIFORNIA 494 ANCHORLINE 19 23/1924 CALEDONIA 1925/1926 495 ANCHORLINE 529375 CO. MULBERA 21)5254 b8493 103L1.I 40E119 7.18 BRITISH INDIA STEAM NAVICATJO 90798 65637 25161 1922/1923 496 461)603 CO. DALGOMA 1271)40 12695u 61942 63245 81426 176B 56876 497 BRITISH INDIA STEAM NAVIGATION 24551i 1923/1924 FAMAKA 299U96 H7911 48359 59626 STEAMSHIP CO. 28O2 51398 17.18 37155 14243 1922/1923 498 KHEDIVIAL MAIL 25892b FEZARA lu 5148 46856 51J134 20577 36213 13.99 499 KHEDIVIAL 1AIL STEAMSHIP CO. 234J7 12F3(J6 1922/1923 COILA III Sun F. J. STEPHEN 1922/1923 CALVINA 5tH ELDERS & FYFFES 1924/19 25 TOWARD 62501] 24619 15790 145R2 8203 5fl2 CLYDE SHIPPING CO. -724 -1.16 11386 -12610 1923/1924 51516 BULAN 21136 11)246 12658 7500 t15 8951 503 P&0 -24 -O. -8975 1924/1925 CHITRAL 601568 297567 86U62 144649 48219 1(15071 15.42 78728 51_jA P 5( 0 26343 1925/1926 91)828 CO. THE CABLE 33886 181110 22775 13100 2967 3.27 1261)2 5U5 AUSTRALASIA & CHINA TELEGRAPH -9635 1924/1925 INDUNA 81190 37157 161149 19647 8893 -556 -0.68 1fl552 1925/1926 51i6 MACLAY & McINTYRE 307(10] 124108 -1111)8 ARIGUANI 44937 66918 22445 48592 15.83 33514 15Li78 1925/1926 507 ELDERS & FYFFES 3117268 BRITANNIA 115529 51488 661)39 22467 51745 16.84 33172 5U8 ANCHORLINE 1H573 1925/1926 21159 5258 CO. FORCEFUL 61)72 3722 4159 1948 9.21 25L]U 509 AUSTRALASIAN UNITED STEAM NAVIGATION -552 1925/1926 TUCARINCA 2 111(1(11] 84246 32470 43546 16089 33649 16.02 510 ELDERS & FYFFES 22941 11)7U8 1925/1926 MINGAP.Y 275L6 650 12280 5340 7712 1490 74 (1.27 511 KENNETH CLARK 8825 1926/1927 12629 6526 -8751 VADURA 468 4659 0 976 7.73 3649 1926/1927 512 3. H. M. CLARK 186967 -2b73 CHAGRES 71624 30886 34418 16205 33834 18.11) 513 ELDERS 415(JU 1927/1928 & FYFFES 78001) 24176 -7666 TELDE 15854 17032 8665 12273 15.73 182135 1927/1928 54 ELDERS & FYFFES 77001] 23765 -61)12 ORATAVA 16419 16501 8503 11812 15.34 16U70 515 ELDERS & FYFFES -4258 1927/1928 COILA IV 516 F. 3. STEPHEN 1927/1928 VICTOLITE 223628 9 17 Dl 67253 58616 12558 517 IMPERIAL pIL -6500 -2.91 29096 1927/1928 224016 9(i466 -35596 VANCOLITE 5LJ956 54821& 29802 1928/1929 518 IMPERIAL OIL -2(J32 -0.91 34932 -36964 VICEROY OF INDIA 985388 24000 408933 222856 200943 40416 8824U 13.95 87191 1Ü49 1928/1929 519 P&0 54207 20496 CO. TAIF 101338 14366 5928 2579 4.76 7511 1928/1929 520 KHEDIVIAL MAIL STEAMSHIP -4932 TALOL)I 55265 20081 10761 CO. 14150 5944 4 329 7.83 7343 1928/1929 521 KHEDIVIAL MAIL STEAFISHIP 121555 40411] -3014 JUMNA 31628 26941 14668 7908 6.51 1929/1930 522 JAMES NOIJRSE 14442 -6534 NICOYA 186000 70704 30352 36038 15930 32976 17.73 182(18 14768 1928/1929 523 ELDERS & FYFFES 79040 29602 MASUNDA 17471 19218 9223 3526 4.46 " 1929/1930 524 MACLAY & McINTYRE 10708 -7182 PATRICK 130346 41246 ST. 32940 28623 18454 9 t183 6.97 1929/1930 525 GREM WESTERNRAILWAY CO. 18578 -9495 CO. CARLOCK 21355 4347 5745 STEAl-I NAVIGATION 3702 3605 3956 18.52 2926 11)30 1929/1930 526 AUSTRALASIAN UNITED 169079 81 327 ROVER 24357 32937 14272 16186 9.57 17379 1930/1931 527 EARL OF INCHCAPE 187483 69913 -1193 CORRALES 36579 35734 14989 30268 16.14 1929/1930 528 ELDERS & FYFFES 20295 9973 KENYA 407715 1000 150531 88665 NAVIGATION CO. 81)041 33455 54023 13.25 35713 18310 1930/1931 529 BRITISH INDIA STEAM 401591 1000 148673 CO. KARANJA 87843 78639 32983 52453 13.06 1930/1931 530 BRIT1SH INDIA STEAM NAVIGATION 34188 18265 ORARI 337779 3000 110134 I 39291 CO. 72977 16273 26386 1930/1931 531 NEW ZEALAND SHIPPING 332667 301)0 109243 -3896 -1.15 -30282 OPAWA 102630 70443 46644 707 SHIPPING Ct). 0.21 35640 1931/1932 532 NEW ZEALAND HIND 19765 7748 -34933 GOLDEN Li 5735 0 6282 31.78 1839 4443 1931/1932 533 COMMANDERKITSON 6311)51 15900 207 569 125139 CORFU 108881 34015 139547 22.11 57740 818117 1931/1932 534 P&0 631537 15900 203702 123626 CARTHAGE 99872 32482 155955 58474 1931/1932 535 P&0 24.69 97481 ALEXANDERSTEPHEN & SON LTD.

NET PROFIT YEAR WORKS CUSTOMER NAME INVOICE DEDUCTION MATERIALS LABOUR CONTRIBUTION TO OVERHEADS ORDER PRI CE HULL ENGINES HULL ENGINES OVERHEADS& PROFIT COMPLETED 0' ££ ££ ££ £ 0 ££

536 3. G. STEPHEN t1AI DA 1932/1933 U 1932/1933 537 CIE ()E NAy. d'ORBIGNY GA7 CON 640U0 640 266U5 15293 16673 8279 -3490 -5.45 -3490 0 6501) 1934/1935 538 UNION STEAMSHIP CO. OF NEW ZEAL AND WAI TAKI 64110 335 21933 14794 12491 7557 6501) 1O. 4 U 2341 1934/1935 539 WILLiAM WORDIE FI IJMARA 10250 900 4019 0 2990 0 21341 22.84 33250 1934/1935 540 ADELAIDE STEAMSHIP CO. MANOORA 405330 5133 169762 114139 101268 16534 .-15U6 -0.37 -34756 7549 1934/1935 541 MACLAY & McINTYRE tOCH RANZA 75550 745 30263 10133 19U41 11)139 -2711 -3.67 -10320 1934/1935 542 IOBERT FRENCF AL B YN 11145 4127 0 2747 0 4271 313.32 90U 3371 0.04 24503 19 34/1935 543 TASMANIAN STEAMERS TARO[JNA 231252 5335 66151 57818 55906 25939 103 -24400 33914 12008 1935/1936 544 ADMIRALTy (DESTROYER) I-O.1s GALLANT 255236 0375 411)70 76276 44086 39507 45922 17.99 * 3ii585 26101 19 35/19 545 ADMIRALTy (DESTROYER) HMS GRENA[)E 254261) 8375 39844 112439 36916 56686 22.29 1935/1936 546 UNION STEAMSHIP CO. OF NEW ZEALAND K ARU 47816 575 13635 13473 9158 8077 2898 6.06 6080 -3182 17123 16.48 1E090 1936/19 37 5L47 ADMIRALTY (PATROL VESSEL) F*1S MALLARD 103886 7060 14776 24732 21719 17676 -967 19.23 16244 3441 1936/1937 548 AEfl11RALTY(PATROL VESSEL) HMS PUFFIN 102364 7060 14292 25480 18001 17046 19685 6564 7.56 13759 1936/19 37 549 UNION STEA1St11P CO. OF NEW ZEALAND KARO 86791 2393 27171 24439 13333 12891 -7195 13891 1936/1937 55U CLYDE SHIPpING CO. RATHL IN 74500 3017 24884 16474 15875 11546 2704 3.63 -11107 7.51 12265 1936/1937 551 CLYDE SHIPPING CO. BE ACHY 73120 2925 24484 16338 14580 9304 51409 -6776 552 ADMIRALTy (DESTPOYER) Ht1S ZULU 57857 103923 72568 57342 1937/1938 553 ADt'IIRALTY (DESTROYER) HMS SIKH 56259 96834 65178 427b5 1938/1939 12.28 1795U 1936/1937 554 UNION STEAMSHIP CO. OF NEW ZEALAND WAI ANA 115859 4560 34813 26995 18266 170U0 1L22 -3725 555 A. S. L. YOUNG THENL) AR A lb SUD 7253 0 5848 0 5399 29.18 2998 24(J 1937/1938 147(]9 19 37/19 38 556 NEW ZEALAND SHIPPING CO. KAIKOURA 162004 9935 44514 55819 31444 9135 11157 6.139 -3552 557 P&o CANTON 779532 114DB 277565 147924 187736 68371 86523 11.10 79864 6664 1938/1939 98UtJ 2IJtfl 1937/1938 558 UNION STEAMSHIP CO. OF NEW ZEALAND KAKAPO 86222 4490 28061 13484 18943 9443 11801 13.69 17 75 9151 14061 1937/1938 559 UNION STEAMSHIP CO. OF NEW ZEALAND WANAK A 130793 5578 34868 38248 21355 7532 23212 .

1938/1939 561 HAIN S. S. cO. SLi RA I 87578 169114 65514 49506 37967 9952 7735 4.12 1457 -6812 1938/1939 562 HAIN S. 5. CQ. SHIL LONG 167578 16905 64650 49581 35997 8398 12047 6.42 132W -1173 10338 2893 1938/1939 563 UNION STEAMSHIP Co. OF NEW ZEALAND KOROWAI 100314 2416 34613 16665 22573 10816 13231 13.19 19.57 11950 16839 1938/1939 564 UNION STEAMShIP CO. OF NEW ZEALAND KDMA IA 147092 8551 43637 25206 26607 14302 28789 10956 19504 1938/1939 565 UNION STEAMSHIP CO. OF NEW ZEALAND KIJROW 145507 8506 43789 24989 25990 11773 3U460 2U. 93 APPENDIXFVII

WIýýIAMDENNY & BROTHERSLTD.

This appendix is divided into two parts. The first part, which covers all Contracts completed between the beginning of 1909 and the end of

1920, is taken from information already published in "THE DENNYLIST".

(Cost books, numbered I to 12 in the UGD3/6/ series, which offer much fuller analyses of hull costs give no detail of machinery costs which are stated as a total if at all. ) The second part, which covers Works Order

1123 and a 1-1 Works Orders from 1137 onwards which were conpleted by the end of 1939 , has been compiled f rom Ships Pri vate Cost Books ( UGD3/21/ 1 and UGD3/21/2 ) and f rom the companyIs pri vate journals ( UGD3/26/3 ).

The Pri vate Cost Books UGD3/21/1 and UGD3/21/2 contain invoice prices and detailed costs ef Works Orders 1077 to 1275 and Works Orders

1272 to 1332 respecti vel y( wi th some qaps Despite their similarity in form , these two vol umes di ff er in detai 1. 1) In 1JGD3/21/1, full charges are calculated by

taking 15% of total materials and labour which

ýncludes allowances for indirect labour of 11%

of direct labour in the hull and 30% of direct labour in the machinery. In UGD3/21/2, full

charges are calculated initially by adding 50%

to direct labour only and, from Works Order 1303

onwards, this changes to 45% on shipyard direct

labour and 50*,G on engine works direct labour. At the same time the allowances for indirect labour, which had been increased to 1515cof direct labour in the hull and one-third of direct labour

in the machinery, were altered again to 13%10 of direct labour in the hull and 25.5110of direct 'Labour in

the machinery. 2) More important full charges are always applied to contracts in UGD3/21/2 whereas, in UGD3/21/1, the incidence of charges varies with circumstances, charges being omitted entirely or reduced to give a nil profit when full charges would have resulted in a net loss. Reference to the private journals for 1934 onwards (UGD3/26/3 which agrees with UGD3/21/2 in other respects, shows that the change in regard to the addition of full overheads to all contracts was not implemented include until 1938 . Up to this time it remained the practice not to full overheads when this resulted-in a net loss, the charge being either eliminated completely or reduced to a figure which would yield a nil profit. Wherethis occurred the figures have been amended accordingly. In all other respects the figures in part two of this appendix are those gi ven in UGD3/ 2l/ 1 and UGD3/21/2, detai led costs missing from the latter havinq been reconstructed from UGD3/26/3. In using the Denny costs it should be borne in mind that apart from the variations in treatment outlined above, the companyalso transferred national insurance contributions and holiday pay from overheads to indirect labour in 1935 and 1938 respectively. The relative proportions Of cost attributable to labour and overheads would therefore change over time even if all other factors remained the same. DENNY LTD.

WOFK5 ENGINE CUSTOMER NAME IN VOICE NET PROFIT YEAR ORDER NUMBER PRICE SHIPYARD ENGINE TOTAL COMPLETED WORKS £ £££

11912 20471 878 698 ADMIRALTY (DESTROYER) HMS PINCHER 115771 8559 l9lrJ

135 5L9 885 691 BRITISH & BUfMESE S. N. CO. HEN ZADA 787U1 4113 1909 1 6U6 2U65 367i 1909 886-891 699-704 IRRAWADDYFLOTILLA CO. river steamers 20070 12 3j 892-893 IRRAWADDYFLOTILLA CU. barges 7940 1238 1909 3962 2491 6453 1909 894-895 705-706 IRRAWADDYFLOTILLA CO. river steamers 53350 1 34g 896-897 IR1AADOY FLOTILLA CO. barges 7941) I 341) 1909 19fl 898 RANGOONPORT CO1MISSIONERS launch 3812 190 1909 1910 899 707 ADMIRALTY (DESTROYER) HMAS YARRA 791 791 1909 900 IROAWADDYFLOTILLA CO. barge I 1100 282 2632 1909 901 -904 IRRAADDY FLOTILLA CO. barges 1094 1394 248 1909 905-908 708-711 IRRAWADDYFLOTILLA CO. river steamers 136O 72 1910 909 712 BENCAL-NAGPURRAILWAY CO. SIR TREVREDYNWYNNE 49113 172 -100 998 1510 250ff 1909 910-911 713-714 IRRAWADDYFLOTILLA CO. river steamers 18046 1121 hiE) 223.1 1909 912-913 715-7r6 IRRAWADDYFLOTILLA CO. river steamers 15206 1910 717 EASTERN RENGAL StATE RAILWAY engines 54 5 1909 914 IRRAJADDY FLOTILLA CC). Ia urich 1373 718 1910 915 718 NEW ZEALAND SHIPPING CO. ROTORUA 1724b3 -8 -3439 -1215 543 498 104] 1909 916 719 INDIA GENERAL NAV. & UY. CO. river steamer 6868 1909 917 BURMAHOIL CO. river tug 5785 -19 12(J55 20241 1911 918-919 720-721 ADMIRALTY (DESTROYERS) HMS SHELORAKE, HMS STAUNCH 178853 8186 200 11 381 1910 921-922 722-723 EAST BENGAL STATE RAILWAY river ferries 14512 1910 922-923 IRRAWADDYFLOTILLA CO. river ferries 2800 -12 181 704 1910 924 724 BRITISH & BURMESES. N. CO. CHINDWIN 86292 523 1341 37511 1911 925 725 BRITISH INDIA S. N. CO. ANGORA 117735 2413 25 1910 926-928 ANGLO PERSIAN OIL CO. barges 1613 29 1911 929 726 NEW ZEALAND SHIPPING CO. REMUERA 176102 -7098 -2413 -9511 417 1910 930-931 ANGLO PERSIAN OIL CO. barges 1474 417 1910 932 BUP.MAH OIL CO. barge 1255 -19 -19 1912 933 ADMIRALTY (DESTROYERHULL) BADGER 1912 934 ADMIRALTY (DESTROYER HULL) BEAVER 17824 1912 935-936 727-728 ADMIRALTY (DESTROYERS) HHS DEFENDER, Ht'IS DRUID 172556 7638 1Ofl36 717 1669 1911 937 729 S. C. & CHATHAMRAILWAY CO. RIVIERA 8511)6 952 1910 938-940 TAMPICO NAVIGATION CO. barges 2165 -667 -667 1910 941 TAMPICO NAVIGATION CO. barges 348(J -372 -372 -943 1911 944 TAMPICO NAVIGATION CO. river tug 1911 945 730 BRITISH INDIA S. N. CO. ERINPURA 1086LJ6 -4377 -2021 -6398 1430 1911 946-947 TAMPICO NAVIGATION CO. barges 5678 1430 1911 948-950 731-733 IRRAWADDYFLOTILLA CO. river steamers 11070 1913 951-952 740-741 ADMIRALTY crane lighters 69860 -14885 -8196 -23(181 11198 1U9 1911 953-954 1. ALEXIEFF barges 7900 673 1619 1911 955 734 S. C. & CHATHAMRAILWAY CO. ENGADINE 02516 946 3605 956 735 HENDERSONLINE MANDALAY 57250 -b556 -. -12161 1911 1912 957 736 HENDERSONLINE ARRAC AN 61019 -6239 -24U3 -862 1911 958 CEYLON WHARFAGECU. harbour tug 6053 -793 -793 1911 737 IRRAWADDYFLOTILLA CO. engines DENNY LTD.

WORKS ENGINE CUSTOMER NAME INVOICE NET PIOFIT YEAR ORDER NUMBER PRICE SHiPYARD ENGINE TOTAL COMPLETED WORKS ££££

959 738 TAMPICO NAVIGATION CO. river steamer 5689 420 546 966 1911 960-962 IRRA'dADDY FLOTILLA CO. barges 8310 1189 1189 1911 963 739 1912 PORTPATRICK & WIGTOWNSHIRERY. PRINCESS VICTORIA 70689 -2395 -1358 -3753 964 ANGLO PERSIAN OIL CO. barge 2458 229 229 1912 965 ANGLO PERSIAN OIL CO. barge 3484 428 428 1911 966 742 1912 AUSTRALASIAN UNITEE) S. N. CO. INDARRA 227014 -3670 -1261 -4931 967-968 743-744 INDIA GENERAL NAV. & BY. CO. river steamers 1994U 569 685 1254 1912 969 765 COMPANIA TRANSATLANTICA INFANTA ISABEL DE RORBON 228484 -12801 -4899 -177U(J 1913 970 746 TURBINE STEAMERSLTD. QUEEN ALEXANDRA 3182 582 337 919 1912 971 747 UNION 5. S. CO. OF NEW ZEALAND WAHINE 156968 -5622 -2595 -8217 1913 972 748 (DESTROYER) ADMIRALTY HMS ARDENT 106059 -187 -292 -479 1914 973 749 LONDONBRIGHTON & S. COAST RY. PARIS 94856 2488 1405 3893 1913 750 RIVER S. N. CO. engines 751 RIVER S. N. CO. engines 752 INDIA GENERAL NAV. & RY. CO. eI)gifles 753 INDIA GENERAL NAy. & BY. CO. engines 974 754 BRITISH & BURMESES. N. CO. PEGU 995fl4 -2698 -907 -36tJ5 1913 73(2 975-976 755-756 RUSSIAN STEAM NAVIGATION CO. EMPRESSEKATERINA II, EMPERORALEXAM)EP III 26065(J -5523 -11439 1914 977 757 ADMIRALTY (DESTROYER) HMS LOYAL 1914 978 758 ADMIRALTY (DESTROYER) HMS LEGION 1914 979-980 ANGLO PERSIAN OIL CO. barges 7477 226 1226 1912 9 81-982 IRRAWADDYFLOTILLA CO. barges 5510 851 851 1912 983-984 759-760 IRRAWADDYFLOTILLA CO. river steariers 55552 4651) 3598 8248 1913 985 761 IRRAWADDYFLOTILLA CO. river steamer 41118 636 581 1217 1912 986 762 IRRAWADDYFLOTILLA CO. river steamer 41312 640 582 1222 1913 987 763 IRRAWADDYFLOTILLA CO. river steamer 4000 161 189 351) 1913 764 INDIA GENERAL S. N. & RY. CO. engines 1913 98b 765 IRRAWADDYFLOTILLA CO. river steamer 33UO 186 204 391) 1913 989-99 1 ANGLO PERSIAN OIL CO. barges 13672 397 397 1913 992 barge 766 RIVERS S. N. CO. engines 1913 767 RIVERS S. N. CD. engines 1913 993 77U NEW ZEALAND SHIPPING CO. HORORA TA 214356 -11i433 -4405 -I4B3B 1914 994-995 76e-769 INDIA GENERAL S. N. & RY. CO. river steamers 32574 2721) 1922 4642 1913 996-997 771-772 RIVERS S. N. CU. river steaners 2544U 1622 1934 3556 1913 99B-999 BURMAHOIL CO. barges 7652 114 114 1914 IUUO-1OUI 773-774 IRRAWADDYFLOTILLA CU. river steamers 61392 4982 3781 8763 1913 11)02 BRIT. INDIA & QUEENSLANDAGENCY tug 19(J92 474 474 1914 1003 ANGLO PERSIAN OIL barge 477V 273 273 1914 775 INDIA GENERAL 5. N. & RY. CO. engi nes 1914 1004 776 IRRAWPJJDYFLOTILLA CO. river steamer 9764 536 520 11)56 1913 101)5 777 CANADIAN PACIFIC RAILWAY CO. PRINCESS MARGARET 2(13449 7216 3287 10503 1914 11)1)6 778 CANADIAN PACIFIC RAILWAY CO. PRINCESS IRENE 2U2691 14773 6575 21348 1915 1007 779 INDIA GENERAL S. N. & RY. CO. river steamer 113(10 402 481) 882 1913 780-781 RIVER S. N. CO. engines 1914 100E3-10u9 782-783 INDIA GENERAL S. N. & RY. CO. river steamers 16430 1128 981 2109 1914 DENNY LTD.

WORKS ENGINE CuSTOrIER NAME INVOICE NET PROFIT YEAR ORDER NUMBER PRICE SHIPYARD ENCINE TOTAL COMPLETED WORKS £ £££

1010 784 RIVER S. N. CO. river steamer 8 185 537 425 962 1914 1011 785 BRITISH & BURMESES. N. CO. BURMA 128911 5676 2087 7763 1914 786/788 INDIA GENERAL S. N. & RY. CO. engines 1914 11)12-1013 789-790 FLOTILLA 86 Ii U 380 405 78) 1914 IRFA1ADDY CO. river steamers . 1014 791 IRRAWADOYFLOTILLA CO. river steamer 0900 1050 883 1933 1913 792-79 3 INDIA GENERAL S. N. & RY. CO. erlgi nes 1914 794 RIVER S. N. CO. eng in es 1914 795-797 RIVER S. N. CO. engi ries 1914 1015 798 S. E. CHATHAMRAILWAY CO. BIARRITZ 90545 2O5 OO3 2208 1915 1016 799 ADMIRALTY (AIRCRAFT CARRIER) NAIRANA 138119 4146 2611 6757 1917 1017-11)18 801,806 IRRAWADDYFLOTILLA CO. river steamers 7790 430 511 19i4 - 8(J2-8115 INDIA GENERAL S. N. & RY. CO. engines 1915 1019 13117 IRRAWADDYFLOTILLA CO. river steamer 24936 2443 2956 539i 1914 1021] 8118 IRRAWADOYFLOTILLA CO. river steamer 3U386 3390 2226 5616 1915 809 RIVERS S. N. CO. engines 1915 11)21 810 LONDON& SOUTH WESTERNCO. L ORI NA 1918 811 INDIA GENERAL S. N. & RY. CO. engines 1919 11)22 812 ADMIRALTY (FLOTILLA LEADER) HMS NIMROD 184717 3248 4749 799"/ 1915 1023- 1025 IRRAWADDYFLOTILLA CO. barges 7800 1338 1338 1914 1(126 813 LONDON& N. W. RAILWAY CO. CURR ACH MORE 222084 0 1) 1919 1027 832 IRRAWADDYFLOTILLA CO. river steamer 500(1 67 64 13! 1915 11)28 814 S. E. & CHATHAMRAILWAY CO. MAID OF ORLEANS 132222 2016 12U8 322 1918 1915 1029 ADMIRALTY (DESTROYERHULL) HMS MYSTIC 516(11 -2604 -2604 11)30-1031 815-816 ADMIRALTY (DESTROYERS) HMS MAENAD, HMS MARVEL 269817 12044 17019 2906; 1915 11)32-1(133 ADMIRALTY (SUBMARINES) HMS E. 55,1*15 E. 56 144600 10298 2314 12612 1916 1034 817 LONDON& N. W. RAILWAY CO. ANGLIA 404996 4367 1920 1035 818 LONDON& N. W. RAILWAY CO. HIBERNIA 408482 468e 1920 1036 819 LONDON& N. W. RAILWAY CO. CAMBRI A 392646 5572 1921 1037 820 LONDON& N. W. RAILWAY CO. SCOTIA 407156 59 U9 1921 1915 1(138 IRRAVIADDYFLOTILLA CO. launch 3120 -76 -76 11)39 UNION S. S. CO. OF NEW ZEALAND HAURAKI 317600 49 85 1921 1040 887 BRITISH INDIA S. N. CO. ETHIOPIA 500793 33488 1922 1041-1(143 821-823 IRRAWADDYFLOTILLA CO. river steamers 34148 1916 1044-1045 824-825 WAR OFFICE river hospital steamers 1916 1046-1047 826-827 ADMIRALTY (DESTROYERS) HMS NARWHAL, HMS NICATOR 320016 25444 33539 5f9H 1916 11)48 ADMIRALTY (SUBMARINE) 1*15 E. 52 70500 4192 876 5(J68 1917 828-829 INDIA GENERAL S. N. & RY. CO. engines 830-831 RIVER S. N. CO. engines 1049-1052 833-836 IRRAWADDYFLOTILLA CO. river steamers 20488 1916 1053-1054 837-838 ADMIRALTY (DESTROYERS) HMS PETARD, HMS PEYTON 309200 30916 39503 70419 1916 11J55 840 ADMIRALTY (DESTROYER) HMS ROCKET 160358 5762 8966 14728 1916 1056-1057 841-842 ADMIRALTY (DESTROYERS) HMS ROB ROY, 1*15 REOCAUNILET 32 3[J27 18096 26255 4435.1 1917 11)58 843 IRRAWADDYFLOTILLA CO. river steamer 15002 43 33 76 1917 1059 844 ADMIRALTY (FLOTILLA LEADER) HMS ANZAC 233513 10267 13908 2417 1917 1060-11)61 845-846 IRRAWADDYFLOTILLA CO. river steamers 19 IE 2093[j 1062 879 P. HENDERSON& CO. AMARAPOORA 406960 1920 DENNY LTD.

WORKS ENGINE CUSTOMER NAME INVOICE NET PROFIT YEAR ORDER NUMBER PRICE SHIPYARD ENGINE TOTAL COMPLETED WORKS £ £££

1063-1U64 847-848 ADMIRALTY (DESTROYERS) HMS VALKYPIE, HMS VALOROUS 388474 22578 25028 47606 917 1065-11)66 849.4350 IRRAWADDYFLOTILLA CO. river steamers 3U8tiO 657 541 1198 1918 11)67-1070 851-854 IRRAWADDYFLOTILLA CO. river steamers 26000 17 1)4 1917 11171 800 BUILDERS ACCOUNT river steamer 1072 ADMIRALTY (SUBMARINE) HMS L. 9 11)9732 37 6 41 1918 1073-1t174 855-856 ADMIRALTY (DESTROYERS) HMS VEHEMENT, HrIS VENTUROIJS 389344 25432 29161 54593 1917 1075-1176 857-858 IRRAWADDYFLOTILLA CO. river steamers 23052 -5453 -4377 -1033U 1919 1077-1080 859-862 IRRAWADDYFLOTILLA CO. river steamers 27601) 1746 1917 1081 863 IRRAWADDYFLOTILLA CO. river steamer 7593 2187 1917 11)82 864 AD1IRALTY (DESTROYER) HMS WALKER 201410 870(J 8234 16934 1918 1083 865 ADMIRALTY (DESTROYER) HMS WESTGOTT 21)1410 [1700 8234 16934 1918 11)84 ADMIRALTY (SUBMARINE) HF15 L. 54 10B5-1U96 WAR OFFICE baroes 39687 12133 12133 1917 1097 ADMIRALTY (CANCELLED SUBMARINE) HNS L. 73 11198 866 ADMIRALTY (DESTROYER) HMS SENATOR 13 4187 8958 * 1918 IU99 867 ADMIRALTY (DESTROYER) HMS SEPOY 1822U2 933U * 1918 1100 866 ADMIRALTY (DESTROYER) HMS SERAPH 18 6eS37 81 (8 * 1916 HOl i369 ADMIRALTY (DESTROYER) H1S SERAPIS 193445 15931 * 1919 1102 870 ADMIRALTY (DESTROYER) HMS SERENE 193648 79(11 7353 15254 1919 1103 ADMIRALTY (DESTROYER HULL) HMS SESAF¬ 73531 7245 7245 1919 1104 WAR OFFICE barge 1918 1105-1107 IRRAWADDYFLOTILLA CO. barges 18469 2724 2724 1919 1108 BURMAHOIL CO. river tug 24415 936 9J6 1919 1109 BIJRMAHOIL CO. harbour tu 255 1J 93tJ 930 1919 1110 871 ADMIRALTY (DESTROYER) HMS VOLUNTEER 1918 lul 872 ADMIRALTY (CANCELLED DESTROYER) HMS VOTARY 1112-1115 IRRAWADDYFLOTILLA CO. barges 5903 894 394 1919 1116 873 ADMIRALTY (CANCELLED DESTROYER) HMS WAGER 47094 16144 1117 874 ADMIRALTY (CANCELLED DESTROYER) HMS WAKE 1118 875 ADMIRALTY (CANCELLED DESTROYER) HMS WALDERGRAVE 1119 876 ADMIRALTY (CANCELLED DESTROYER) HMS 'i/ALTON 1120 ADMIRALTY (CANCELLED SUBMARINE) HMS L. 74 1121 IRRAADDY FLOTILLA CO. barge 5823 666 666 1919 883-884 INDIA LINERAL NAV. & RY. CO. engines 19 2U 1122 1)86 IRRAWADDYFLOTILLA CO. river steamer 10850 -28U1 -2801 1921) 1124 ADMIRALTY (CANCELLED DESTROYER) HMS 'iIHITAKER 1125 881 IRRAWADDYFLOTILLA CO. river steamer 35691 3244 1921) 1126 882 IRRAWADDYFLOTILLA CO. river steamer 28463 1919 1127 877 IRRAWADDYFLOTILLA CO. river steamer 76131 3760 3161 6921 1920 1128 878 IRRAWADDYFLOTILLA CO. river steamer 78826 7 166 1921 1129-1134 IRRAWADDYFLOTILLA CO. barges 52086 3198 3198 1920 1135-1136 888-889 LLOYDS ROYAL BELGE can ce lied I] DENNY LTD.

WORKS ENGINE CUSTOMER NA1E INVOICE DEDUCTION MATERIALS LABOUR CONTRIBUTION TO OVERHEADS NET PROFIT YEAR ORDER NWIBER PRICE HULL ENGINES HULL ENGINES OVERHEADS& PROFIT SHIPYARD ENGINE COMPLETED SHOP £££££££%£££

1123 892 BRITISH EXICAN PETROLEUM INVERGLASS 322132 55174 29579 H5322 61)497 61560 19.11 25574 13512 22474 1924

1137 898 NIPPON YUSEN KAISHA N\GASAKI MARU 5 15 5L6 172853 137990 96791 * 107912 20.93 41J35 20699 46868 1922 1138 899 NIPPON VUSEN KAISHA SHANGHAI MARU 48 0 1B4 168909 83155 91785 35838 100497 20.93 38996 17b48 43653 1923 1139 893 TANKERSLTD. SCOTTISH E3ORDERER 41(3751 119557 100811 66492 49550 74341 18.1(1 27908 22555 23878 1923 1140 88U P. HENDERSON& CO. PEGU 44(3657 187569 93433 1112325 * 57330 13JJ1 27555 8845 211930 1921 1161 8U5 BRITISH INDIA S. N. CO. CHILKA 424333 150229 12U61i3 96976 * 56525 13.32 2L142 11733 2065(3 1922 94 itk8B 1142.1145 894-897 RIVER S. N. CO. river steamers 18(3836 49628 79236 20432 * 39540 2U. 11884 171i0 1921 U46_1149 900-903 RIVER S. N. CO. river steamers 1921 722 1924 115U R. DUNCAN& CO. VENUS 37 5U 56 5U8E3 0 1B91 0 -3285 -87.60 1) -40U7 1151 904 IRRAWADDYFLOTILLA CO. river steamer 11B611 2255 2939 1469 233 2364 19.93 559 866 939 1922 1152 905 IRRAWADDYFLOTILLA CO. river steamer 20150 6527 4093 2156 2875 4494 22.30 1303 1061 2130 1923 H53 9U6 P. HENDERSON& CO. KEMMENDINE 182756 73672 26347 57U42 19356 6339 3.47 4695 1644 0 1924 13.45 1154...1156 907-909 IRRAWADDYFLOTILLA CO. river steamers 51000 13925 15240 5232 9744 6859 2874 3747 238 1923 1924 1b7 McKIE & BAXTER CRAGOATA 21)366 10799 0 10904 0 -1337 -6.56 00 -1337 00 1924 1158 91Ü NIGERIAN RAILWAYS MUNSHI 47205 19158 15267 13054 10969 -11243 -23.82 -11243 1159.1162 911-914 IRRAWADDYFLOTILLA CO. river steamers 38384 8264 9496 3856 5868 1IJ9UU 28.41] 1816 2304 67FO 1924 12.19 1924 1163 915 IRRAWADDYFLOTILLA CO. river steamer 9596 2130 2978 1fl53 2265 1170 443 727 0 1924 1164 916 SOUTHERNRAILWAY CO. DINARD 140826 6Li638 29865 37495 2U361 -7533 -5.35 1) 1) -7533 1924 1165 917 SOUTHERNRAILWAY CO. ST. BRIAC 140396 60201 27799 37905 15973 -1482 -1.1)6 ii U -14I2 22.24 1924 1166 918 IRRAWADDYFLOTILLA CO. river steamer 8750 1916 2127 860 1901 1946 416 604 926 1167 919 P. HENDERSON& CO. SAGAING 225136 88950 30585 58191 20189 27221 12.09 20237 6984 0 1925 1168 CALIFORNIAN TRANSPORTATION DELTA KING 19969 11036 0 3368 0 5565 27.87 2161 U 3404 1924 1169 CALIFORNIAN TRANSPORTATION DELTA QUEEN 19220 10073 0 3503 0 5644 29.37 2037 0 36()7 1925 1925 117U 921 L. M. S. GLEN SANNOX 58532 18708 14644 15033 10534 -3U7 -0.66 UU -3B7 Ii 1926 1171 92V YOMAHCO. YOMAH 961)00 36533 28490 26274 20741 -16ui38 -16.71 Ii -16(138 1172 CHINA NAVIGATION CO. CHUCHOW 4060 752 1571 1238 397 11)2 2.51 69 33 (J 1925 1173 922 SOUTHERNRAILWAY CD. ISLE OF THANET 197680 58514 40155 40005 20747 37459 18.95 14198 9136 13425 1925 1174 923 SOUTHERNRAILWAY CD. MAID OF KENT 197561 57724 38813 38271 180(33 44750 22.65 14400 8522 21828 1925 1175... 1176 924-925 IRRAWADDYFLOTILLA CO. river steamers 18477 41)62 4644 2094 2726 4951 26.60 924 111)6 2921 1925 11771179 BOMBAYPORT TRUST barges 14550 7854 0 3795 1) 291)1 19.94 1749 ii 1152 1926 l1B[j. 11Ri 926-927 IRRAWADDYFLOTILLA CO. river steamers 16500 3532 4012 2060 2894 4002 24.25 840 11)36 2126 1926 1182 TURBINE STEAMERSLTD. KING GEORGEV 69648 21526 290(30 18850 0 272 0.39 272 00 1926 l183... 1185 928-930 IRRAWADDYFLOTILLA CO. river steamers 52500 12750 13779 5556 7824 12591 23.98 2745 324(1 6606 1926 11861189 931-934 IRRAWADDYFLOTILLA CO. river steamers 35360 7316 8970 4664 4826 9534 27.1U 1796 21170 5718 1927 1190 9 INDIA GENERAL NAy. & BY. CO. river steamer 16177 4063 5500 2605 3191 1018 6.29 448 570 U 1927 1191 936 RIVERS S. N. CO. river steamer 16219 4128 5300 2605 3191 995 6.13 441) 555 U 1927 1927 1192 937 CANADIAN PACIFIC STEAMSHIPS BEAVERBURN 262823 109222 75548 79068 40693 -417U8 -15.87 0U -41708 93B-940 RIVERS S. N. CO. engines 1927 0 1928 1.193 941 L. M. S. DUKE OF LANCASTER 216857 85761 43712 f6528 21946 -1090 -0.50 Ii -1090 1194 942 L. M. 5. DUKE OF ARGYLL 216876 84087 42172 64406 18449 7762 3.58 5512 2250 1) 1928 1195 9L43 L. 1. S. DUKE OF ROTHESAY 216849 82251 41753 62790 17952 12103 5.58 8574 3529 LI 1928 11961197 9L4_945 RT\FTRSS. N. Cfl. river steamers 4ti78 2 10172 1169(J 59158 6642 6341) 15.55 2414 27511 1176 1927 1931199 15.86 1927 946-947 IND1.A GENERAL NAy. & RY. CU. river steamers 4[J644 IfifliA 11528 5998 6654 6446 2402 2726 1318 1927 l2flfl SOUTHERNRAILWAY CO. FISHUOURNE 13254 4566 3711] 5522 -564 -4.26 (1 0 -564 94R HENDEHSONLINE engines 1928 DENNY LTD.

WORKS ENGINE C1JSTO!ER NAME INVOICE DEDUCTION MATERIALS LABOUR CONTRIBUTION TO OVERHEADS NET PROFIT YtAR ORI)ER NUMBER PRICE HULL ENGINES HuLL ENGINES OVERHEADS& PROFIT SHIPYARD ENGINE COMPLETED SHOP £££££££%£££

2[)1-121]2 949-950 IRRAWADDYFLOTILLA CO. river steamers 30051 6188 10300 4666 6494 3203 10.38 1252 1951 0 1927 951 RIVERS S. N. CO. engines 1928 1203 952 SOUTHERNRAILWAY CO. WORTHING 172387 51215 44651 41238 28014 7269 4.22 4230 3()39 0 1928 953,955 RIVERS S. N. CO. engines 1928 12(14 954 RIVERS S. N. CO. river stearer 20029 4966 5701 29(J2 3042 3418 17.07 113() 1312 926 1928 12U5 956 INDIA GENERALNAV. & RY. CO river stearier 20204 51)1U 5745 3164 3145 3140 15.54 1227 1333 580 1928 121)6 957 P HENDERSON& CO. YOMA 227891 82618 32814 64151 20976 27332 11.99 20002 7330 0 1928 98-959 INDIA GENERAL NAV. & RY. CO. engines 1928 1207-1210 96Ü-963 IRRAWADDYFLOTILLA CO. river steamers 33860 7216 9096 4824 5448 7276 21.49 1804 2180 3292 1928 1211 964 RIVERS S. N. CO. river steamer 15796 3176 5022 2221 3U6O 2317 14.67 810 1212 295 1928 1212 965 INDIA GENERALNAV. & RY. CO river steamer 15847 3240 5«22 2171 3060 2354 14.85 812 1212 33U 1928 1213-1215 966-968 IRRAWADDYFLOTILLA CO. river steamers 52848 12798 1395L) 6963 8400 10737 2U. 32 2964 3351 4422 1928 1216 SOUTHEHNRAIL8AY CO. WOOTON 17300 6016 367.1 5519 0 2094 12.10 1730 0 364 1928 1217 969 AUSTRALIND S. S. CO. AUSTRALIND 121095 1000 38403 27778 29822 17681 6411 5.29 4608 1803 0 1929 1218 970 SOUTHERNRAILWAY CO. CANTERBURY 220225 67674 40826 44924 1939A 47407 21.53 19990 9033 183U4 1929 1219 971 BRITISH INDIA S. N. CO. KAYAN 78(iU 1426 3U37 11U9 632 1596 20.46 379 288 929 1928 1220 RIVERS S. N. CO. river steamer 6166 1141 3285 879 0 861 13.96 3(13 U 58 1928 1221 BUR1ESL GOVERNMENT launch 9374 2112 4901) 1414 0 948 10.11 528 (1 42J 1928 1222 972 RIVERS S. N. CO. river steamer 10308 1899 2253 1578 1807 2771 26.88 522 61(1 1639 1929 1223 973 AUSTRALIM) S. S. CO. ARrIADALE 12494U 38357 26925 27U27 1382A 180U7 14.41 8456 4(i75 5A76 1929 122L-1226 974-976 I8RAWADDYFLOTILLA CO. river steamers 21015 15381 5232 2487 4026 5889 28.02 1U53 13U9 3447 1929 1227 977 RIVERS S. N. CO. river steamer 182U4 4064 5330 2575 3211 3(124 16.61 1174 1281 569 1929 1228 978 INDIA GENERALNAy. & RY. CO river steamer lRtiU2 3811 533U 2372 3211 3278 18.21 1.91 1281 906 1929 979-980 RIVERS S. N. CO. engines 1929 901,983 RIVERS S. N. CO. engines 1929 982,984 INDIA GENERAL NAy. & RY. CO engines 1929 1229 985 SIR WALTER RUNCIMAN SUNBEAMII 53968 26139 6407 21537 2550 1292 0 1929 -2665 -4.94 -3957 " 1230-1232 986-988 IRRAWADDYFLOTILLA CO. river steamers 26655 5580 6882 3326 3846 7021 26.34 1565 1608 3848 1929 1233 989 SOUTHERNRAiLWAY CO. ISLE OF JERSEY 17U271 56319 3U[)82 38694 17753 27423 16.11 12ti55 4784 11)584 1930 1234 990 SOUTHERNRAILWAY CO. ISLE OF GUERNSEY 170200 56301 29251 37503 13777 33368 19.61 11855 4303 1721U 1930 991 IRRAWADDYFLOTILLA CO. engines 1929 992 RIVERS S. N. CO. engines 1929 993-994 RIVERS S. N. CO. engines 1930 1235-1240 997-1002 IRRAWADDYFLOTILLA CO. river steamers 41328 6702 10002 4218 6144 14262 34.51 1932 2424 99U 1929 1241-1242 995-996 RIVERS S. N. CO. river steamers 30736 6175 9770 4228 5228 5335 17.36 1850 2250 1235 1931) 1243 1UU3 LEVER BROTHERS river steamer 17376 5U38 5242 A232 1077 1787 10.28 1176 611 0 1931) 1244 1UU4 CANADIAN PACIFIC RAILWAY CO. PRINCESS HELENE 225769 ltllJ(JU 7U513 54007 51357 24599 15293 6.77 10577 4716 0 1930 7363 1930 1245 1005 CALEDONIAN S. P. CO. DUCHESSOF MONTROSE 76832 22220 14458 19563 9742 10849 14.12 " 3486 U 1246 SOUTHERNRAILWAY CO. HILSEA 17600 6419 3676 5475 1) 21)31) 11.53 2030 00 1930 1247 101)6 BRITISH INDIA S. N. CO. river steamer 7455 1823 31U2 1055 882 593 7.95 288 31)5 0 1930 1248 1[)U7 INDIA GENERAL NAV. & RY. CI) river steamer 17749 31)07 5615 2692 3639 1996 11.25 930 11)66 U 1930 1249 1008 L. M. S. SLIEVE BLOOM 93271 1111)0 26942 22318 19683 131)19 1U3U9 11.05 6429 3880 (1 1930 125U l[J09 ALJSTAL1ND S. S. CO. ARDENVOHR 14500U 38539 37U68 377U1 22965 8727 6.02 5412 3315 0 1931 1251 1010 BURMA RAILWAYS LTD. river ferry 20360 4869 675(1 248 4251 20L2 10.03 913 1129 1) 1931) 1252 1011 L. M. S. PRINCESS MARGARET 179446 51)00 59314 38308 36629 16516 23679 13.20 121)12 5482 6185 1931 1253 11)12 IRRAWADDYFLOTILLA CO. river steamer 9681) 1853 252(J 1244 1468 2595 26.81 551 598 1446 1930 DENNY LTD.

WORKS ENGINE CtJSTUHER N'AME INVOICE DEDUCTION MATERIALS LABOUR CONTRIBUTION TO OVERHEADS NET PROFIT YEAR ORI)ER NUMBER PRICE HULL ENGINES HULL ENGINES OVERHEADS& PROFIT SHIPYARD ENGINE COMPLETED SHOP £££££££%. £"£

1254 RIVERS S. N. CO. river steamer 4638 62U 1725 1058 30U 935 2(1.16 325 113 497 1930 1255 INDIA GENERALNAV. & RY. Co river steamer 4638 605 1711) 889 242 1192 25.71) 286 102 804 1930 1256 1013 DONALD MACBFAYNE(192B) LTD. LOCHFYNE 60948 15367 21213 13510 3600 7258 11.91 3780 796 2682 1931 1257 1014 SOUTHERNRAILWAY CO. ISLE OF SARK 161253 1613 50704 28669 31440 16482 32345 20.06 111173 4515 17657 1932 1258 1015 L. M. S. SLIEVE t1()RE 88225 2886 27926 18898 15597 1(1186 12732 14.43 4924 2908 4901) 1932 1259 1016 SOUTHERNRAILWAY CO. BRIGHTON 169650 1697 41059 39534 26445 23374 37541 22.13 11674 15284 1U5b3 1933 126U 1U17 UNITED AFRICA CO. 9458 2695 1463 00 river steamer 216b 3372 -240 -2.54 -240 1932 1261 11)18 SOUTHERNRAILWAY CO. BRITTANY f1792 25203 16994 17031) 11636 10929 13.36 4223 2063 3843 1933 1262 111)19 WILLIAMSON BUCHANAN STEAMERS QUEEN MARY II 618Li6 25U0 16624 1U671 14544 7855 9612 15.55 3117 1853 4642 1933 1263 1020 AD1IRALTY (DESTROYER) HMS ECHO 247598 4075 43158 791)74 57502 47788 16001 6.46 7079 8922 U 1934 1264 1021 ADMIRALTY (DESTROYER) HMS ECLIPSE 247i35 4075 43059 79073 50732 477b8 23108 9.32 9821 13287 0 1934 1265 1022 L. M. S. PRINCESS MAUI) 150301 6683 55541 36902 32727 15448 11000 6.95 6905 4095 1) 1934 1266 11123 CALEDONIAN S. P. CO. CALED(]NI A 46770 3468 12877 8661 12523 8462 779 1.67 465 314 0 1934 1267-268 1024-1[J25 DENNY'S FORTH SERVICE river ferries 45500 11406 12059 8386 4013 9636 21.18 3777 223 3236 1934 269-1271 11]26-Th2 IRFAWADDYFLOTILLA CO. river steaners 14U08 2506 5556 2228 1003 2715 19.3J 7111 984 1(121 1934 1272 1(129 SOUTHERN RAILWAY CO. SANDOWN 39850 3398 12273 6112 11032 6370 665 1.67 432 233 U 1934 127 i 1(i130 DONALD MACBRAYNE (1928) LTD. LOCHNEVIS 46U01J 1000 11490 15692 111H12 3U9 3417 7.43 2230 624 563 1934 1274 1031 L. M. S. SLIEVE LEAGUE 84163 3342 26344 19640 14262 12100 8475 10.07 3798 4677 0 1935 1275 1U32 LONDON& SIJUTHENDSHIPPING QUEEN OF THE CHANNEL 687U5 2673 17343 1H741 12U76 10336 6236 9. U8 2R64 3372 11 1935 12Th O33 BOOTH 5.5. CO. 5583 (1 ANSEL1 158889 65301 3U58() 39914 225il -51)50 -3.18 0 -505() 1935 1277,1278 11J34,1U35 ADtIIRALTY (DESTFOYERS) HMS HASTY, HMS HAVOCK 508616 7600 93011 153765 9U758 91167 72315 14.22 3Uti33 42202 (1 1936 1279 1036 AUSTRALIAN UNITED S. N. CO. 13INGE RA 1214 164137 18572 1111127 00 47632 4225 -2993 -6.28 -2993 1935 12t3U 1Ü37 SCOTTISH FISHERIES BOARD VIGILANT 35181 2126 6207 14355 4815 2616 5U62 14.39 2531 1257 1274 1935 1281 CALEDONIAN S. P. CO. WEE CUMBRAE 3532 803 1083 1084 0 562 15.91 471 [1 91 1935 1282 1(338 ADMIRALTY (SURVEY SHIP) I1MS STOHK 152UU5 7026 44744 26942 43374 27690 2229 1.47 hAS 1(i44 0 1936 1283-1285 1039-1041 IRRAWADDYFLOTILLA CO. river steamers 15493 77 2241 6044 2153 869 4109 26.52 936 554 2619 1935 12b6-1288 1042-1044 IRRAWADDYFLOTILLA CO. river steamers 111480 94 3186 4021 2018 3139 61122 32.59 1146 1925 2951 1935 1289 1045 LLERMAN LINES LTD. CITY OF AGRA 149944 55439 00 4243 43255 37677 32837 -23507 -15.68 -23507 1936 1290 1046 IRRAWADDYFLOTILLA CO. river steamer 8363 43 1800 1970 11)87 14(JU 2U63 24.67 614 717 732 1935 1291-1292 1047-1048 IRRAWADDYFLOTILLA CO. river steamers 13564 68 2390 2754 1564 2189 4599 33.91 954 931 2714 1935 1293 1049 L. Fi. S. SLIEVE BEARNAGH 91725 3267 25708 21765 14872 12563 13550 14.77 6136 7414 0 1936 1294 1U50 CALEDONIAN S. P. Co. COUNTESSOF I3READALBANE 1UU14 2581 1411) 2517 0 3506 35. (J1 1095 0 2411 1936 1295 1U51 8RIJJSi BURMESES. N. CO. PROME 222332 7584 66104 351)45 42005 24243 47351 21.30 19028 11361 16162 1937 1296 CALEDONIAN S. P. CO. ARRAN MAIL 10948 55 2905 2354 2317 0 3317 30.30 1007 1) 2310 1936 1297-1298 1051-1052 IRRAWADDYFLflTILLA CO. river steamers l7tJOU 3482 41)04 1977 2594 4943 29.08 859 1653 2431 1936 1299 1053 L. r"i.S. SLIEVE BAWN 96636 3795 28268 21591 15020 11051 16911 17.50 7528 5478 39U5 1937 fl(iu-1301 1054-1055 ADMIRALTY (DESTIOYERS) H'1S ASHANTI UMS BEDDUIN 7134O 149652 195732 119485 103344 150127 20.90 47575 41173  * 61379 1938 1302 1056 AD1IRALTy (MINELAYER) Ffl1S PLOVER 111128 * 30333 15845 26601 19463 18886 16.99 10524 7754 6U8 1937 1303 fli57 IRRAWADDYFLOTILLA CO. river steamer 19460 195 45U0 4652 2185 3974 3954 . 2ti. 32 11013 1963 883 1937 1304 1059 NE MEDWAYS. P. CO. ROYAL SOVEREIGN 109573 3569 25540 32656 1B242 5473 24093 21.99 6863 2268 14962 1937 1305 1U6U IJNITEL) AFFUCA CO. river steamer 12118 3366 4948 1810 810 1184 9.77 675 340 169 1937 1306 1U6 SOIJIHERNRAILWAY CO. RYDE 46801) 120u 12679 6575 11)785 5821 9740 20.81 3968 2460 3312 1937 1307 1062 BRITi1 & BuRMESE5. N. CO. SALWE EN 227t197 0155 71360 36222 3B803 18992 53485 23.55 13U34 7567 32084 1937

flUB 1063 INDIA GENERALNAV. RY. CO river steaiier 13(19 11J64 RIVERS S. N. CO. river steamer 21859 * 5497 8290 2954 2182 2936 13.43 1U45 887 10114 1937 DENNY LTD.

WORKS ENGINE CUSTOHER NAME INVOICE DEDUCTION MATERIALS LABOUF CONTRiBUTION TO OVERHEADS NET PIOFIT YEAR ORDER NUMBER PRICE HULL ENGINES HULL ENGINES OVERHEADS& PROFIT SHIPYARD ENGINE COFIPLETED SHOP £££££££%£££

1316 11)65 INDIA GENERAL/RIVERS S. N. river tug

13111-1313 1I]66-flJ69 IRRAWADDY FLI1TILLA CO. river steamers 21(JUU 116 4329 6U8L 2931 4098 3442 6.39 11)37 1666 739 1937 1314-1315 BRITISH & BtJRMESE S. N. CO. KATHA, KINDAT 197473 " 7bU[J3 57007 39581 0 22882 11.59 15763 (13 7119 1938 1070-1071 HRAWADDY FLOTILLA CO. engines 1937 1317 1072 ADMIRALTY (SLOOP) HMS AUCKLAND 193040 * 55480 2921)3 466fU 26L69 35607 18.45 18590 O386 6631 1338 1318-1319 1073-1U74 RIVERS S. N. CO. river steamers 37800 * 7336 1[i352 3978 7660 E474 22.42 1584 3(152 3b38 938 1320-1321 1U75-1076 INDIA GENERAL NAy. & RY. CO river steamers 36505 * 5929 1(153 3978 6U52 11)393 28.47 1584 2411 6.398 1938 1322 11)77 SOUTHERNRAILWAY CE). LYM NGTON 29800 559 6756 7676 5913 2917 5979 20. U6 2355 1164 2460 1938 1323-11324 1U78-1U79 ADMIRALTY (DESTROYERS) HMS JAGUAR, HrIS KANDAHAR 802598 * 145971 193569 112482 97923 252653 31.48 44794 39013 168846 1939 . 1325 1UBU SCOTTISH FISHERIES BOARD RONA 25224 536 7307 5848 4744 2206 L5U3 18.17 1889 079 Th15 1938 131SPHAM 514 0 1326 L. M. S. 4100 * 884 2025 1290 0 -99 -2.41 -613 1938 1327 BUILDERS ACCOUNT SECOND SNARK 6460 * 2190 1285 2135 0 850 13.16 851) 1) 0 1938 ELDER URON 10.98 2158 1328 11J81 DEMPSTERLINES LTD. 26680 * 6876 8974 5420 24811 2930 988 -216 1938 1329 BLACKBURNAIRCRAFT CO. barges 4135 1851 C) 1835 U 1249 3(J. 21 412 8 837 1938 1331) 1)O2 NEW iCDWAYS. P. CO. ROYAL DAFFODIL 135658 * 40982 28819 25851 17266 23540 17.35 9976 6879 6685 1939 ASHION, LEVEN 7.69 1135 1331-1332 CALEDONIAN S. P. CO. 8319 201 2196 2432 2858 U 61O U -495 1938 1333 1083 L. M. S. PRINCESS VICTORIA 190860 63298 45525 30078 16910 35849 18.36 11978 6731 16340 1939 1334-1335 1[184-1Ub5 ADMIRALTY (PATROL VESSELS) HMS GUILLEMOT, HMS PINTAIL 292536 .* 52488 54540 45765 4G815 98928 33.82 18225 16261 64442 1939 11J86-10B7 RIVER S. N. CO. engi ries 1939 1088 INDIA GENERALNAy. & RY. CO engines 1939 1336 1089 SCOTTISH FISHERIES BOARD MINNA 48840 1281)6 12895 7548 3275 12316 25.22 3006 1305 81)05 1939 1337 1U9[J RIVERS S. N. CO. river steaner 913V * 1685 3757 1494 658 1544 16.91 259 595 69U 1938 133E3-1339 1091-1092 INDIA GEN./RIVERS SN CO. river steamers 12411 * 2209 5270 1981 893 2858 16.58 789 356 913 1939 1340 11)93 RIVERS S. N. CO. river steaner 19185 * 4856 4814 2174 3978 3363 17.53 866 1585 912 1939 1341 1094 DAVID tIACBRAYNE LOCH1EL 62806 * 16256 14550 10772 3624 17604 28. U3 429[J 1394 11920 1939 APPENDIXG

THE ACCIPP-TSOF- ý-l THGOWS'-TD . ANDOTHEP C! - YDES'IDE IMEPCHANT SHI PBU 1*-DE RS ANIDMARI Nr' ENGINEE RS .

TABl-C 0' CO'NTE1\TS.

I) Rt!SSE'-'- &. CO. ./ '-I THGOWSý_TD .

I I) OTHERFI RMIS.

,Iý,\ote: in sn far a-ý the records nermi t. ,the accotints contai ned in this an-)end.x crnf orm Ito the forna t used in ArýTýendix FE and the semepenera notes on the standardisation of accounLSaDDIV. ) APPENDIXGI

R',-JSSE'- ý- & CO./ '-TT HIGOWS ý-TD .

C0NTENTci.

NOTESON SOURCES.

b) ANNUA:- PROFIT & '-OSSACCOLJ%lTS A,',,D BAI-ANCE SPEETS 1905- 1936 VilTH NOTE S

DETAI '-S OF TRAD I NG PRný' 1T IN (b

DETAI '-S OF'EX CE' PT 10,, A i- 1TE MS I\., b

DETAI '-S OF NET ADDIT1 ONS TO FIX ED ASSETS IN (b ýi. r' ýT Af? P I.X ,-) -

1.'! S3Uirý C,5

T Riss="-I- a L, --,,. I- cLdot t, en u-iaudit-tec, imanuscript,crafý-s to be f cunc. L)LD 4- I'.'ZV4/1 /- -Te --lrf 4c,c-conta;,. na of Oet,:;jj Djt fewof tneminclude d-l-I of +,..nL: year-en-- atjUStMentS and,1-4 Cular. Ly Palt in -ne differencesare SuIns"Clant"Lal.io Obtair) ', inF; l filclu--esfor eac:'-l year ,.ý.lhich scc l

YEAR-ENDBA-ANCE SHEET

ýORMATIONEXPENSES ýIXEDASSETS ATSTART OF YEAR 76192 77289 78591,' 74597 NETADDITION'S DURING YEAR 9670 12946 2368 17331 PROVISIONFORDEPRECIATION' -8746 -10573 -11637 -6369 -9161 ATENID OF YEAR 78192 77289 7859P 74597 82767 INVESTMENTS ASSOCIATES-(NOTE6) OTHER WANSTO CUSTOMERS (NOTE7) 9700 13557 INVENTORIES 264954 267595 350091 127916 224258 XBTORS 430416 470449 525138 630661 516208 GOVERNMENTSTOCK BANKAND CASH 201 293 325 283 156 695631 738337 875554 758860 740622 CREDITORS -73515 -42640 -47282 -63155 -73299 TAXATIONRESERVE BANKýOANS AND OVERDRWTS -6592 -272 -3354 -69 -24101 NETCURRENT ASSETS 615524 695425 824918 695636 643222 REPAIRDEPARTMENT (NOTE5) CAPITAI-EMP'-OYED 703416 786271 903516 770233 725989

PARTNERS'CAPITAI- A/C (NOTE 8) 703416 786271 903516 505693 535911 rAMII-yI-OANS (NOTE 10) 264540 190078 AANSFROM ASSOCIATES (.NOTE 11) 703416 786271 903516 770233 725989 APPENDIXGIbcontinued RUSSP-1-& Co. ('. ATER ýITHGOVI '-TD. ) YEEEARTO30TH NOVEMBER 1910 1911 1912 1913 1914 L a,rr IE 61 1 TRADINGPROFIT//-'-OSS (NOTE 1) 78452 21496 72268 175549 139264 EXCEPTIONA'-ITEMS (NOTE 2') DEPRECIATION'('NO TE3 -9562 -10291 -12296 -15057 -17302 BANK& '-OAN INTEREST (NOTE 4) 7226 17904 13615 16619 15737 TAXATION -2145 -4374 -4577 -3b20 -3553 NETPROFIT/-'-OSS FORYt-Aq 73971 24735 69010 173291 134146 REPAIRDEPARTMENT (NOTE5)

Y-LAR-ENDBA-ANCE SHEET

ýORIIIIATIONEXPENSES 'IXEDASSETS ATSTART OF YEAR 82767 127056 150954 154586 115026 NETADOITIONS DURING YEAR 53851 34189 15928 -24503 17494 PROVISIONFORDEPRECIATION -9562 -10291 -12296 -15057 -17302 ATEND, OF YEAR 127056 150954 154586 115026 115218 INVESTMENTS ASSOCIATES(NOTE 6) 11000 26707 26707 OTHER 1486 4000 4000 ýOANSTO CUSTOMERS (NOTE7) INVENTORIES 218729 261253 304981 330781 338815 DEBTORS 472578 422238 360514 356104 480747 MVER'101ENTSTOCK ANKANDC r",SH 234 376 27191 122665 88414 691541 683867 692686 809550 907976 ORCIDI TORS -43515 -5585() -59553 -47050 -58340 TAXATIONRESERVE BANKýOANS AND OVERDRW'TS -254 -12475 NETCURRENT ASSETS 647772 615542 633133 762500 849636 REPAIRDEPARTMENT (NOTE5) CAPITA'- EMPI-CYED 774828 766496 8110205908233 995561

PARTNERS'CAPITAL A/C (NOTE8) 620185 651346 728424 856622 951795 FAMI '-OANS(NOTE 10) 154643 115150 71781 51611 43766 '10ANS-YFROM ASSOCIATES (NOTE 11) 774828 766496 800205 908233 995561 APPENDIXGlbcontinued RUSSý:''-'- & Co./ ý-ITHGOWI-TD. rEARTO 30TH NOVEMBER 1915 1916 1917 ffi TRADINGPROFIT/-ýOSS (NOTE 1) 141021 153569 268019 EXCEPTIONA'-ITEMS (NOTE 2) DEPRECIATION(NOTE3) -12313 -18052 -24479 BANK& I-OANINTEREST (NOTE 4) 12213 26825 26984 TAXATTON -7907 -19716 -38551 NETPROFIT/-! FORYE ' AR. 133014 142626 231973 REPAIRXPARTMENT -OSS(NOTE 5)

YEAR-ENDBLANCE SHEET

FORMATIONEXPENSES FIXEDASSETS ATSTART OF YEAR 115216 113793 NETAWITIONS DURING YEAR 10888 68397 PROVISInNFOR DEPRECIATION -12313 -42531 ATENV OF YEAR 113793 139659 I INVESTMENTS ASSOCIATES(NOTE 6) 27000 25300 OTHER 4000 LOANSTO CUSTOMERS (NOTE7) INVENTORIES 529023 575000 DEBTO RS 180973 103126 GOVER*1ENTSTOCK 320816 BANKAND CASH 338204 211005 1048200 1209947 CREDITORS -61649 -110993 TAXATIONRESERVE 'BANK'-OANS AND OVERD9AFTS NETCURRENT ASSETS 986551 1098954 . REPAIRDEPARTMENT (NOTE5) CAPITAI-EMPý-OYED 1131344 1263913

PARTNERS,CAPITAý A/C (NOTE6) 10872341213063 1253336 FAMI'-Y'-OANS (NOTE 10) 44110 11000 10577 ýOANSFROM ASSOCIATES (NOTE 11) 11313441224063 1263913 APPENDIXGlbcontinued '-ITHGOWýTD. (FORMER'-Y RUSSE'-'- & CO. ) YEARTO 3UTH NOVEMBEP 1916 1919 .fr TRADINGPROFIT/-! -OSS (NOTE 1) 334183 414529 EXCEPTIONkITEMS (NOTE 2) -12221 -9991 DEPRELl.'IATION (NOTEL 3) -34966 -41109 BANK& '-OAN INTEREST (t,,OTE 4) 20042 6423 TAXATION -IL11856-74000 IET PROFIT/-'-CSSFOR YEAR 195182 295852 REPAIRDEPARTMENT (NOTE 5) BA-ANCEBROUGHT FORWARD 0 195162 REVENUERESERVES PRE"ERENCEDIVIDEND -2000 ORDINARYDIVIDEND BA-ANCECARRIE-1) FORWARD 195182 489034

YEAR-ENDBLANCE SHEET

ý'09 , MATION' EXPENSES 5052 FIXEDASSETS ATSTART Ol:- YEAR 139659 598505 NETADDITIONS DURING YEAR 4,93812180170 PROVISIONFORDEPRECIATION -34966 -41109 ATEND OF YEAR 598505 737566 INVESTMENTS ASSOCIATES(NOTE 6) 23600 11900 OTHER LOANSTO CUSTOMERS (NOTE 7) INVENTORIES 571835 361508 DEBTORS 173142 289762 MVERNý'ENTSTOCK 129355 BANKANI) CASH 126506 341412 1000636992682 CREDITORS -147158-163118 TAXATIONRESERVE -750OU BANK AV-DOVERDRAFTS, NETCJRRENT -nANSASSETS 776680 829564 REPAIRDEPARTMENT (NOTE5) CAPITAýEMPAYED 14058371579030 ORDINARYSHARES 980000 980000 RESERVE RESERVEFOR'-OSSES PROFITAND ! ACCOUNT 195182 489034 -OSS 11751821469034 PREFERENCESHARES ONOTE 9 20000 20000 FAMP-Y'-OANS (NOTE 10) 210655 89996 I-OANSFROM ASSOCIATES (NOTE 11) 14058371579030 APPENDIXGIbcontinued ýITHGOW'-TD. (FORMER'-Y RUSSEýý & CO. ) YEARTO 30TH NOVEMBER 1920 1921 1922 1923 1924 iLI TRADINGPROFIT/-l-OSS (NOTE l') 565668 162536 270325 15762 -4499 EXCEPTIONA'-ITEMS (NOTE 2) -93065 DEPRECIATION(NnTE3), -24675 -36110-157656 -11958 -20788[1 BANK& '-OANINTEREST (NOTEL 4) 3224ý2 3811'178 28051 17867 21965 TAXATION -735645 -38LI18 644 NETPROFIT/-'-OSS FOR YEE -255475 165404 1407/20-16347 -189770 REPAIRDEPARTMENT (NOTE 5) 61574 5544 -3638 -10339 -7448 BALANCEBROUGHT V'ORWARD 489034 291383 458581 591437 561855 REVENUERESERVES PRE;7'ERENCE DIVIDEND -3750 -3750 -4226 -2896 -2896 *ORDINA01vDIVIDEND BALANCECARRIED FORWARD 291383 458581 591437 561855 361741

YEAR-ENDBkANCE SHEET

FORMATIONEXPENSES FIXEDASSETS ATSTART OF YEAR 737566 70076(';' 667545 509502 499557 NETADDITIONS DURING YýEAR -12131 2895 -387 2013 97 PRnvISIONFOR DEPRECIATION -24675 -36110-157656 -11958-207880 ATEM) OF YEAR 700760 667545 509502 499557 291774 INVESTMENTS ASSOCIATES(NOTE 6) 2iI200 209500 1511205 149620 148120 OTHER 990 ýOANSTO CUSTOMERS (NOTE7) INVENTORIES 1058 56 71195 182764 289435 357507 DEBTORS 379262 490861 409892 464046 388986 GOVERNýlENTSTOCK BANKAND CASH 664465 5081.7777 069 5 539747 479117 11495831070233 1363351 1293228 1225610 CREDITORS -237606-111131 -127411 -97767-116695 TAXATIONRESERVE -650000-479259 -274282 -2173OU -123344 BANK'-OANS AND OVERDRAFTS NETCURRENT ASSETS 261977 479843 961658 978161 985571 REPAIRDEPARTMENT (NOTE5) 227841 215122 85459 63747 67457 CAPITA'-EMPLOYED 14017781572010 1708139 1692275 1492922 ORDINARYSHARES 980000 980000 980000 980000 980000 RESERVE RESERVEý'ORLOSSES PROFITAND LOSS ACCOUNT 29'1383 458581 591437 561855 361741 12713831438581 1571437 1541855 1341741 PREFERENCESHARES (NOTE 9) 37500 37500 37500 46260 48260 FAMI'-YLOANS (NOTE 10) 92895 95929 99202 102160 102921 ýOANSFROM ASSOCIATES (NOTE 11 14017781572010 1708139 1692275 1492922 APPENDIXGIbcontinued '-ITHGOWLTD. (FORMER'-Y RUSSEýý & CO. ) YEARTO 30TH NOVEMBER 1925 1926 1927 1928 1929 iiif, i TRADINGPROFIT/-l-OSS (NOTE 1) 2266 -K204 56689 54853 56856 EXCEPTIONAl-ITEMS (NOTE 2) -100241 -10800 -80828 DEPRECIATION(NOTE3) -5769 -145004 -6651 -9969 -8900 BANK& '-OA01,INTEREST (NOT',- 4) 22883 238313 36384 43638 49212 TAXATION 58Ll 58U 560 -38420 - 11346 NETPROFIT/-! -OSS FOR YEAR 19960-229056 87002 39302 4992 REPAlRDEEPARTMENT (NOTE5) -7722 -1564 -2865 1068 960 BAI-ANCEBROUGHT FORWARD 361741 371083 37567 118808 6282 REVENUERESERVES -100000 -150000 PREFERENCEDIVIDEND -2896 -2896 -2896 -2896 -2896 ORDINARYDIVIDEND BA'-ANCECARRIED FORWARD 371083 37567 118808 6282 9338

YEAR-E-NDBA'-ANCE SHEET

FORMATIONEXPENSES ':*IXED ASSETS ATSTART T YEAR .2 91774 28846F,152523 152869 149930 NETADDITIONS DURING YEAR 2463 9059 6997 7030 3146 PROVISIONFOR DEPRECIATION -5769 -145004 -6651 -9969 -8900 ATE ND OF YEAR 2E8468 152523 152869 149930 144170 INVESTMENTS ASSOCIATES(NOTE 6) 146420 18000 18000 7200 7200 OTHER 25000 25313 27500 56500 ýOANSTO CUSTOMERS (NOTE7) 342390 INVENTORIES 397905 188857 173451 31846 291254 DEBTORS 367045 598586 7362061317068 878221 GOVERNMENTSTOCK 80000 95000 30000 BANKAND CASH 3608112299661 385903 41028 4550 12057521182104 1325560 1389942 1174025 CREDITORS -93958 -60950-135367 -88660-194092 TAXATIONRESERVE -82069 -65246 -35177 -42707 -47507 BANKLOANS AND OVERDRAFTS NETCURRENT ASSETS 10297251055908 1155016 1258575 932426 REPAIRDEPARTMENT (NOTE5) 44464 28606 25835 26800 27511 CAPITALEMPLOYED 15090771280037 1377033 1,470005 1510197 ORDINARYSHARES 9800011980000 980000 980000 980000 RESERVE 100000 100000 25UOOO250000 RESERVEF'ORI-OSSES PROFITAND ýOSS ACCOUNT 37ln63 37567 118808 6282 9338 13510831117567 1198808 1236282 1239338 PREFERENCESHARES (NOTE 9) 48260 48260 48260 48260 48260 FAMILY'-OANS (NOTE 10) 109734 114210 129965 185463 159000 LOANSFROM ASSOCIATES (NOTE 11) 63599 15090771280037 1377033 1470005 1510197 APPENDIXGlbcontinued --ITHGM,' !-TD. (FORtlER'-Y RUSSE'-'- & CO. ) YEARTO 30TH NOVEMBER 1930 1931 1932 1933 1934 LiI LL TRADINGPROFIT/-'-OSS (NOTE 1) 66596 -14034 -3558 -31408 29096 EXCEPTIONA'-ITEMS (NOTE 2) 12024 -58386 DEPRECIATION(NnTE3) -15489 -9631 -6806 -7339 -4208 BANV& LOANINTEREST (NOTE 4) 29295 37162 28200 17771 20966 TAXAT 10', ', 652' 797 724 652 652

NETPROFIT/-! -OSS FOR YEAR 81054 26318 18560 -20324 -11880 REPAIRDEPARTMEiNT (NOTE5) 570 -3288 -2055 -1488 -2123 BA'-ANCEBROUGHT FORWARD 9338 '91.3066182001 29809 5101 REVENUERESERVE '5 -65000 -25000 -2nOO 17000 PREFERENCEDIVIDEND -2896 -2896 -2896 -2896 .72P96 ORDINARYDIVIDEND BALANCTCARRIED FORWARD 23066 18200 29bO9 5101 52102

YELAR-ENDBLANCE SHEET

FORMATIONEXPENSES FIXEDASSETS ATSTART OF YEAR 14417C 142686 136542 132821 138960 ',,,,'ET ADDITIONS DURINC YEAR 14007 3485 3085 13478 1424 PROVISIONFOR XPRECIATION -15489 -9631 -6806 -7339 -4206 ATEq. ) ff YEAR 142086 136542 132621 138960 136176 INVESTMENTS ASSOCIATES(NOTE 6) 50123 50123 50123 50123 729961 OTHER 590011 59000 59000 72500 74000 '-OANSTO CUSTOMERS (NOTE7) 335390 341629 350549 635638 634432 I NVENITORI ES 119172 235970 316147 250236 120609 DEBTORS 10011471021088 804724 537648 437152 GOVERNMENTSTOCK BANKAND CASH 6366 713 25957 6895 10691 11266R51257771 1146828 794779 568452 CREDITORS -59412 - 7807 r.1 -IL0724 - 51.679-lObl3U TAXATIONRESERVE -22277 -21881 -21796 -21796 -26129 BANKýOANS AND OVERDRAFTS -71891 -3892 -163177 NETCURRENT ASSETS 10449961085929 1080416 721304 271016 REPAIRDEPARTMENT (NOTE5) 28177 24596 22541 21053 18929 CAPITkEMPI-OYED 16603741697819 1695450 1639578 1864514 ORDINARYSHARES 980000 960000 980000 980000 980000 RESERVE 230000 230000 220000 220000 200000 RESERVEFOR I-OSSES 85000 110000 122000 122000 125000 PROFITAND LOSS ACCOUNT 23066 18200 29809 5101 5202 13180661338200 1351809 1327101 1310202 PREFERENCESHARES (NOTE 9) 48260 48260 46260 46260 48260 FAMIýY'-OANS (NOTE 10) 216500 201705 193720 192720 260525 ýOANSFROM ASSOCIATES (NOTE 11 77548 109654 101661 71497 245527 16603741697819 1695450 1639578 1864514 APPENDIXGIbcontinued ýITHGOWLTD. (FORMER'-Y RUSSU-1- & CO. ) YEARTO 30TH NOVEMBER 1935 1936 1937 1938 iI 'r i i TRADINGPROFIT/-! -OSS (NOTE 1) 17340 14179 101464 234414 EXCEPTIONAl-ITEMS (NOTE 2) -15985 49450 DEPRECIATION(NOTE3) -5184 -5506 -6455 -36212 BANK& ! -DAN INTEREST (NOTE 4) 6444 16712 31300 42016 TAXATION 20726 33084 -70000 -54050 NrETPROFIT/-LOSS FORYEAR 39326 42484 105759 186168 REPAIRDEPARTMENT (NOTE5) 3249 BALANCEBROUGHT FORWARD 5202 2926 117299 274909 REVENUERESERVES -41957 74785 54747-348068 PREFERENCEDIVIDEND -2896 -2B96 -2896 -4826 ORDINARYDIVIDEND -98000 BA- AN", I CARRIED FORWARD 2926 117299 274909 10163

YELAR-ENDBA,-ANCE SHEET

FORMATIONEXPENSES FIXEDASSETS ATSTART OF YEAR 136176 131131 129172 329546 NETADDITIONS DURING YEAR 139 3547 206829 12415 PROVISIONFORDEPRECIATION -5184 -5506 -6455 -36212 ATEND OF YEAR 131131 129172 329546 305749 INVESTMENTS ASSOCIATES(NOTE 6) 633284 E30625ln8937F 1092946 OTHER 58475 1596BB159688 167695 LOANSTO CUSTOMERS (NOTE7) 638796 633779 344165 357331 INVENTORIES 161816 141545 11363 242064 DEBTORS 392174 332062 177786 186401 GOVERNMENTSTOCK BANKAND CASH 571 56723 468295 220140 554561 530330 657444 648605 CREDITORS -85729-106286 -140846 -164401 TAXATIONRESERVE -17029 -6520 -59775-113825 BANK'-OANS AND OVERDRAFTS -201144 -156693 -56075 IIETCURRENT ASSETS 250659 260831 456623 314304 REPAIRDEPARTMENT (NOTE5) 22178 CAPITALEMPLOYED 19345232014095 2379600 2238027 ORDINARYSHARES 980000 980000 980000 980000 RESERVE 200000 200000 200000 500000 RESERVEFOR'-OSSES 166957792172 37425 85493 PROFITAND ýOSS ACCOUNT 2926 117299 274909 10183 13498831389471 1492334 1575676 PREFERENCESHARES (NOTE 9) 48260 48260 48260 48260 FAMII-YýOANS (NOTE 10) 3700 531 402858 407698 266579 '-OANSFROM ASSOCIATES (NOTE 11 166327 173506 431308 347512 19345232014095 2379600 2238027 APPE ND IXGI tD conti riued .

NOTES ACCOUNTS.

Spt, O',ý ý) :)p 1-1, rT C ?I See AnýjendiyGI d.

3) Provi,-:-, JLons for the denreciation of fixed assets inc lude the fol lowi ncl excenti onal items; -

1921 --l') Cl Line Park Develoiment 131J)I 3 1923-24 Goodwill ;62LI C'0CG

1925-26 Cl tine Park Develonnent Z4C,; oun oodwiII Zinc. fin G. I nterest in t1ii s case reoresents the net sum of

bank interest. irlterest on bills. interest on

loaris to customers arid interest on loan car)i ta I fami bv ,)rovided bv members of the 'i thnow Iv and associated cor,:)anies.

5) The rer)air denarLment was effective1v hived off fror,

the rest of ý-jth(Jow '-td . Is busIness in 1919-20 when fi xed @ssets toLall inq 0',32 912 were

transf erred from the dock-ard to seriarate rer)ai r

denartvient accounts . Fron then untl 1 1936 the net assets emnloved in this business arid the

r)rofi ts and losses earried bv it were shown

senarateiv in the comr)an,,,1s accounts The

,)rof i ts and losses shown hpre are net of the relevant orovisions for deDreciation of fixed

assets. 6) Investments in associates rer)resents amounts

invested by Russell & Co. and '-ithqows '-td . in Dunlon. Bremner & Co, James Dunlon & Co. 1-td.

William Hamilton (192P) 1-td., t; ie Pairfield

Shi -jbui1 dinq &E nui neer1 nq Co. '-'I d. and WiIIi an

Beardfriore & Co. :-td. 7) I-oans to customers reoresents extended credit

qranted to customers on the securitv of individual

shi ý)s bui It by '- i thqows . 8) The balance rerriaininq on oartners' canital accounts

at the end of the year after creditinq them Y--ýth

their share of crofits.

9 ')The rate of interest naid on oreference shares

varied between 60,C and 101, oresurn-ablv at the discretion of the directors.

ILj) Fan,ilv loans COMDrdse amounts owinq to James and

Henrv 1-ithqow and other members- of the '-ithc,, ow famiI,.

uar,sfromasso Iciated con t) anies rei)resents funds

Drovided b\, the Kinqston I nvestment Co. '- td .,

Robert Duncan & Co. Ltd. , John G Kincaid '-td . and

David Rovian& Co. !-td. APPENDIX GIc RUSSELL & Co.! LITHCOWS LTD. DETAI! Jf TRADING PROFIT - _S

SALES CONTRIBUTION YEAR TO CONTRACT CONTRACT ADJUSTMENTS VESSE'S GRAVING SUNDRIES SAWMI'L YARD OVERHEADS RENT DIVIDENDS PROFITS TOTQ. TO OVERHEADS 30TH PROFIT RESERVES& GUARANTEESTRADED IN DOD< ACCOUNTS FROM ON AND PROFIT NOVEMBER INVESTMENTS VOYAGES £££££££££££££££

678949 90941 1905 90941 46 2696 6675 -11205 89523 792157 113369 1906 113369 987 1938 6137 -11818 110613 781840 98690 1907 98690 915 2597 7343 -12581 96964 665503 73142 1908 73142 1182 -6700 494 4804 -13906 59016 373131 35014 1909 35014 3450 742 1406 -1539 4292 -11093 32272

893569 81297 1910 81297 1850 578 2200 8990 -16463 78452 556461 37696 1911 29617 1400 601 fl49 5589 -17060 21496 980752 81262 1912 81262 1506 799 7977 -19276 72268 1050304 197477 1913 190965 1855 -1404 955 5332 -22154 175549 1103923 166133 1914 149894 5167 928 1878 -2756 11610 -27477 139244

685867 5O4O1 1915 149552 4813 1981 -137 265 14725 -30178 141021 872906 157286 1916 156986 12000 5531 2424 172 17100 -40644 153569 1319128 300423 1917 300050 23664 1680 1999 " -12000 17238 -64612 268019 1853530 378424 1918 377988 20185 11080 1566 19205 -96988 1147 334183 1531940 394338 1919 394338 22267 42390 4275 1027 33850 -83618 414529

3150149 865235 1920 842287 6687 4340 7769 -236199 -10798 -50578 2160 565668 1326455 251440 1921 229175 5927 2383 -34 -31357 -16843 -30321 3606 162536 1692209 171066 1922 140727 159096 5 2141 1603 -150 -34653 1646 270325 603310 33968 1923 21865 22206 2256 1989 2941 -39042 3547 15762 1001255 -1352 1924 32630 2235 166 1024 7576 412 -22910 -25632 -4499

815534 55200 1925 39129 1055 2225 -18000 -258 940 -23296 471 2266 701409 18240 1926 4705 12591 249 2162 5997 2543 -1843 -34608 -8204 1203242 97307 1927 75266 944 806 1661 -195 6324 -30478 2361 56689 1472132 139002 1928 114130 146 1452 5011 -35000 -746 -33378 2238 1000 54853 2107893 82269 1929 52913 32744 427 -1746 2797 4074 -37222 2869 56856

1213404 120599 1930 102450 347 -2484 928 9596 -47328 3087 66596 483425 36323 1931 30991 64 1433 3050 -583 -1071 -47918 -14034 655496 41648 1932 33165 215 3305 -7282 -554 -1005 -31402 -3558 487789 3870 1933 594 44 44 3299 5418 -3431 -3167 -34209 -31408 642621 31019 1934 22824 114 835 563 -602 -6135 -35372 3316 38634 4919 29096

881633 1935 1 366 326 -235 -12545 6662 -32782 3778 38634 12900 17340 1095347 21813 1936 6698 6721 -4749 492 234 -24922 3857 15454 10394 14179 1517481 66715 1937 47656 41 555 182 -819 -19168 3629 26250 43138 101464 2063222 233140 1938 213045 31 1003 -5674 -11693 3931 22500 11271 234414 APPENDIXGld

'-I THGOW/ RUSSE'-ý& CO.

DETA I'-S OF EX.CEPT ION AL I TDIS. YEAR 4 1917-1S ire 221

1918 -i9 '-oss on sale of Star Hotel -4 , 2C2 FormationExoenses written off -5,7 -9,991 1919-20 Cancellation of enqine contracts Kincaid -54 . 415 Pankin & Blackmore -38. 650 -93 . 065 1925-26 JamesDuriloo & Co. investment wri tten down , 241 1927-2F JamesDunIOD & CO. investment written down I 192F, -29 Provision aqainst losses on bills -56.000 Provisions aqainst investments CaneHorn SS Co. -16 . 828 WoolmerSS Co. -6,000 -24,, 193G -' 3 r'ire claim 12. 024 1933-34 Bad debts written off ! - Nile SS Co -41 , 500 Works orders 827-30 -16,686 -58 . 386 1935-36 WorkmanClark & Co. investment wrJ.,tten off -18 . 235 Part of orafit onsaleof investment in Araqon Shioninq Co. 2.250 -15 . 965 1936-37 Prof it on sale of investmen BalanceAraqori Shiooinq Co. 760 KimboleSS Co. 4,605 Provisionsno'lonr4er required Bi11 s 31, OOC Investmentin CaDeHorn SS Co. 13.085 49. 450 APPENDIX Cle / TO FIXED LITHGOWS RUSSE'J.. & CO. - NET ADOITION ASSETS

YEAR TO GOODWILL LAND KINGSTON DOCKYARD EAST YARD (NOTE 2) 30TH NOVEMBER (NOTE 1) BUILDINGS PLANT MACHINERY BUILDINGS PLANT MACHINERY LA BUILDINGS PLANT MACHINERY ££££££££

1906 -1556 583 6446 4093 1907 -622 883 7571 51)74 1908 2331 31 1909 7 6355 387

1910 978 7315 5808 1911 656 7823 948 1912 5827 545 1606 4555 8830 1913 332 7045 3205 700 3095 2398 1914 78 8376 2032 1087 3093 2760

229 1915 100 6786 -419 1265 3097 1917(TWO YEARS) 7902 1763 27084 7024 726 10437 5065 1918 300000 16721 25033 9807 11112 14506 9284 1919 4833 33976 14935 7761 16959 12458

1920 2836 2994 13131 83 370 1134 1921 1352 701 1134 -356 310 4 1922 -336 -55 1923 1403 485 125 1924 -354 643 -192

1925 1290 114 1059 1926 1832 1412 5428 6 -120 1927 2310 2339 1928 74 3242 3296 1929 2500 144 496

1930 655 564 12925 -250 1931 545 2952 67 10 1932 469 2609 1933 2054 4506 766 6426 -188 -86 1934 446 375 1009 -541 -35

1935 615 83 -536 -25 1936 30 1298 2098 37000 4870 60200 1937 75500 1488 1961 980 -16 -613 -41 25500 57 556 1650 15463 26453 5293 38443 1938 -75500

NOTES: 1) GOODWI'.L ON FORMATION OF LITHOOW LTD. OTHER ASSETS RE NOT REVALUED AT THIS TIME. 2) LITHGYvi'S EAST YARD, ACQUIRED AS A RESULT OF THE TAKEOVEROF ROBERT DUNCAN& CO., WAS FIRST INCLUDED IN LITHGOW LTD. 'S BALANCE SHEET AT BOOK VALUE. THE VALUATION WAS REVISED IN 1938. APPENDIXGIe continued '-ITHGOWS/ RUSSELL & CO. - NETADDITIONS TOFIXED ASSETS YEARTO SAWMILý WHARF DREDGINGSTAR HOTEL CýUNE PARK BAY AREA TOTAL 30THNOVEMBER. BUIý 'DINGS PLANT MACHINERY

1906 32 72 9670 1907 50 -10 12946 1908 6 2368 1909 58 52 -1 10473 17331 1910 50 30 9921 29749 53851 1911 49 174 -376 24915 34189 1912 365 279 460 5256 15928 1913 200 32 16 9000 -11795 3615 -799 -53342 -24503 1914 398 41 25 -396 17494 1915 35 344 -549 10888 1917 ( TWOYEARS) 1650 1076 2940 -2801 5531 68397 1918 265 6 107078 493812 1919 -9156 98404 180170 1920 246 -13 20781 1921 -246 2895 1922 -387 1923 2013 1924 97 1925 2463 1926 7 494 9059 1927 1893 5 450 6997 1928 245 83 90 7030 1929 3140 1930 15 98 14007 1931 -83 -6 3485 1932 7 3085 1933 13478 1934 1 169 1424 1935 2 139 1936 121 3547 1937 206829 1938 12415 APPENnixGil

CTHI-P

Cný,TE%TS.

s0!kl FrE5.

I.; H r) pS n,, TD

PP0c' IT& '-Fj' 55AC tC0UýýTSA, *.ýDBA., - ANCE SY, EETS 19P.,, I- 10, "1 ancl 1919 -. 1 ý 34-

N I HE P,'- TH YS Vý'D 0(1 SHI PBUI '-D IN G CO.*- T I).:

ANNh A'- PR0r7 1T& '-ýJS9ACCOUNTS AND PA'-A%,Ci_F

ETS 193U -19 39 d) JOH'NGVI rýCAID I-TD

A%%'U AýPP0 ý' IT05SL, ACC0tIN

BA'-A NICE SHE ETS 1934 -19 39

S N'DRY', %, 0TCc, ti NA ri5VEACC0 WIN TS. APPENDIXGlIa

N'OTESON SOL! PCE'j .

The accc untsofiI "& VI Henderson '-t--d. are taker: fron tne cor-.!: ) anyIsannua1ro -)ortswhicha rinearedas r)a -Ld advertisewents in Fa-Lrt)lav.

DIy The accowits of the LJ 1-;vývjood Shiibu Idino Co td

193 Li , 1931 . '1933 ano 1935 to 1939 are to be found in 321J,/'A-::, '', 2/ 1-. 2 anG' further dettai 15 of the 1930 and 1936-19 39 accounts are q-ven in IIGD 32C/2/122/4. No accounts for the vears 1972 and .10 34 nave been found but týie soIi ent features

')- f th e ,e ve.,arsz! (,co ur. can be deduced fr on tne or)eni nq,

Lalances In ttie 1933 and 1935 accounts .

The account s of Joh ri G Kincai d '- td . are taken f ron lUGD

3Z2 (]-. /2/ 44ý"3.

All of these sets of accounts are df-,ficient dn detail fi and, in the absence of surmorti Fiq records, anv qures taken f rom then MUSt necessari Iv be used With n.reat care See

Darticularlv Ar)oendix GIIe helow. APPENDIXGlIb D&WHENDERSON '-TD. YEARTO 30TH APRI'- 1900 191012 1903 19C14 Li TRADINGPROFIT/-LOSS 59196 601366 59026 47695 27343 EXCEPTIONAl-ITEMS -2401 -2646 DEPRECIAT10%' -1635 - 5,2.87 -5285 -5611 -6020 BA,NK & '-OANINTEREST - 28480 -60F -670 -651 604 TAXATION -2002 -1207 -986 40447 NETPROFIT/-, -OSS FOR YEAR 26680 49623 51864 22127 BA-ANCEBROUGHT FORWARD 1680 253 14617 17564 REVENUERESERVES - 25000 -425000 PREFERENCEDIVIDEND -15000 -150011-15000 -1500P ORDIN'ARYDIVIDEND -11250 -2250CI-22500 - 11250 17564 13441 . BA:-AN't, ';- CARRIED FORWARD 1680 253 14617

Yt'.AR RA-ANCIESHEET -END I FORMATIONEXPENSES FIXEDASSETS ATSTART OF YEAR 3QP918 424044 439116 447238 NETADDITIONS DURING YEAR 30413 20357 13733 2798 PROVISIONFORDEPRECIATION -1635 -5287 -5285 -5611 -6020 ATEND OF YEAR 398918 424044 439116 447238 444016 IMIF-STME'NTS HAP'-AND & WO,FF- OTHER IM87 11265 32580 17977 17270 INVENTORIES 164205 201404 252662 DEBTORS 156961 107494 70142 BANIKAND CASH 51192 15069 36231 43639b 354786 32637e 323967 359035 CREDITORS -74784 -94842 -88457 -76616-111880 ýIANK! ANDOVERDRAC"TS NETCURRENT-OANS ASSETS 363614 259944 237921 247349 247155 U"APITA'- EMP'-OYED 773219 695253 709617 712564 706441 ORDINARYSHARES 225000 225000 225000 225000 RESERVE 25000 50000 50000 50000 50000 PROFITAND ýOSS ACCOUNT 1680 253 14617 17564 13441 26680 275253 289617 292564 288441 PREFERENCESHARES 13z-.747 3000110300000 300000 300000 DEBENTURES 12553 1ý20000 120000 120000 120000 VENDORSACCOUNT 599ý39 773219 695253 709617 712564 708441 APPENDIXGlIb continued D&WHENDERSON LTD. YEARTO 30TH APRIL 19e5 1906 1907 1908 1909 f. r TRADINGPROFIT/-l-OSS 35233 34022 20055 23661 23985 EXCEPTIONAl-ITEMS DEPRE CIAT I ON -5970 -12250 -5900 -5700 -5000 BANK& LDAN INTEREST -4297 -4313 TAXATION -4155 -864 -4306 NETPROFIT/-ýOSS FORYEAR 25108 20906 9849 1.3684 14672 BALANCEBROUGHT FORWARD 13441 12299 6q57 IR06 490 REVENUERESERVES PREFERENCEDIVIDEND -15000 -15000 -15000 -15000 -15000 ORDINARYDIVIDE-ND -11250 -11250 BA-ANCECARRH 'D FORWARD 12299 6957 1806 49C 1")t7)Z rEAR-ENDBA-ANCE SHEET FORMATIONEXPENSES 'IXEDASSETS ATSTART OF YEAR 444016 446369 445966 445087 443216 NETADDITIONS DURING YEAR 8323 11847 5021 3831 854 PROVISIONFORDEPRECIATION -5970 -12250 - 15900 -5700 -5000 ATENT) OF YEAR 446369 445966 445087 443218- 439072 INVESTMENTS HARI-AND& WOLFF OTHER 16616 11811 11252 1130G 10705 INVENTORIES 320253 164113 261369 151466 109858 DEBTORS 79732 125416 45202 115616 153336 BANKAND CASH 21531 23020 13948 20915 16882 421516 332549 340519 267997 280076 CREDITORS -177202 -94669-106352 -53325 -40991 BA,NK ý-OANS AND OVERDRAFTS NETCURRENT ASSETS 244314 237880 234167 234672 239085 CAPITA'-EMPI-OYED 707299 695657 690506 689190 688862 ORDINARYSHARES 225000 225000 225000 225000 225000 RESERVE 50000 50000 50000 50000 50000 PROFITAND '-OSS ACCOUNT 12299 6957 1806 490 162 267299 281957 276806 275490 275162 PREIFERENCESHARES 300000 300000 30000LJ300000 300000 DEBENTURES 120000 113700 113700 113700 113700 VENDORSACCOUNT 707299 695657 690506 689190 688862 APPENDIXGlIb continued &WHENDERSON I-TD. YEARTO 30TH APRIý 19111 1911 1912 1913 1914 r ELIi TRADINGPROFIT/-l-OSS 4794 250 - 11902 44337 44557 EXCEPTIONA'-ITEMS -2982 DEPRECI AT I OiN' -47100 -4700 -4500 -5277 -5214 BANK& '-OAN INTEREST TAXATION -4336 -4131 -4069 -40-4.3 -3912 NET 32449 PROFIT/-,-OSS FOR YEAR -4242 -8581 -20471 35017 BA'-ANCEBROUGHT FORWARD 162 -4080 -12661 -33IL32 -5615 noo REVENUERESERVES 15C 15000 7500 7500 -250C. PREFERENCEDIVIDEND -15000 -15000 -7500 -15000 -22500 ORDINARYDIVIDEND 64-ANCECARRIED F'ORWARD -4080 -12661 -33132 -5615 1834 rt.AR-END BA'-ANCE SHEET FORMATIONEXPENSES 5052 FIXEDASSETS ATSTART OF YEAR 4,39072436692 433209 4297IQ1 425513 NETADDITIONS DURING YEAR 2320 1217 1082 999 4658 PROVISIONFORDEPRECIATION -4700 -4700 -4500 -5277 -5214 ATEND OF YEAR 436692 433209 429791 425513 424957 INVESTMENTS HARýAND& WO'-FF OTHER 10130 9525 8981 8492 7468 INVENTORIES 143093 260680 127956 140221 167304 DEBTORS 102571 29133 57128 54322 52766 BAW,AND CASH 426455 993 28043 53946 55148 272119 290806 213127 248489 275220 CREDITORS -49321 -101201 -47531 -58109 -73311 BANK! ANDOVERDRAFTS -5052 NETCURRENT-OANS ASSETS 222798 1896C5165596 185328 201909 CAPITALEMPLOYED 669620 632339 604368 624385 634334 ORDINARYSHARES 225000 225000 225000 225000 225000 RESERVE 35000 20000 12500 5000 7500 PROFITAND LOSS ACCOUNT -4080 -12661 -33132 -5615 1834 255920 232339 20436E 224385 234334 PREFERENCESHARES 300000 300000 300000 300000 300000 DEBENTURES 113700 100000 100000 IGOOOO100000 VENDORSACCOUNT 669620 632339 604368 624385 634334 APPENDIXGIlb continued D&WHENDERSON ýT'.)- YEARTO 30TH APRI'- 1915 1916 1917 1918 1919

TRADINGPROFIT/-! EXCEPTIONALITEMS-OSS lXPRECIATION -8072 BANY& '-OA\ INTEREST Tt",XATION 66364 NETPROFIT/-, -OSS FOR, YEAR BAýANCEBROUGHT F'ORWARD 57176 REVENUERESERVES PREFERENCEDIVIDE,,lV -15000-inorio ORDINARYDIVIDEND -11250 BkANCECARRIED FORWARD 0000 87290

YEAR-ENDBAI-ANCE SHEET F'ORMATIONEXPENSES FIXEDASSETS ATSTART OF Yt-AR 403247 NETADDITIONS DURING YEAR 55936 PROVISIONFORDIEPRECIATION -8072 ATEND OF YEAR 451111 INVESTMENTS HARLAND& WOJF OTHER 15991 INVENTORIES 260269 DEBTORS 225444 BANY,AND CASH 4B231 533944 CREDITORS -336756 BANKI-OANS AND OVERDRAFTS NETCURRENT ASSETS 195188 CAPITA'-EMPýOYED 000 662290 ORDINARYSHARES 225000 RESERVE 50000 PROFITAND ý-OSS ACCOUNT 87290 362290 PREFERENCESHARES 300000 DEBENTURES VENDORSAf.'COUNT 662290 APPENDIXGllb continued D&WHENDERSON LTD. YEARTO 30TH APRP- 1920 1921 1922 1923 1924 0-rv 1 IE - TRADINGPROFIT/-, EXCEPTIONkITEMS-OSS DEPRECIATION -7260 BANK& '-OA\lINTEREST -7180 -6530 -6390 -5970 TAXATION NETPROFIT/-ý-OSS FORYEAR 143762 94880 46659 34356 15264 BALANCEBROUGHT FORWARD 87290 104802 96244 112903 117259 flVENUERESERVES -100000 PREFERENCEDIVIDEND -1clooo -15000 -1501jU-15000 -15000 ORDINARYDIVIDEND -112150-88438 -15000 -15000 -15000 BALANCECARRIED FORWARD 104BU2 96244 112903 117259 102523

YLEAR-ENDBAI-ANCE SHEET FORMATIONEXPENSES FIXEDASSETS ATSTART OF YEAR 451111 448885 446839 439716 437862 NETADDITIONS DURING YEAR 5034 5134 -593 4536 1344 PROVISIONFORDEPRECIATION -7260 -7180 -6530 -6390 -5970 ATEND OF YEAR 448885 446839 439716 437862 433236 INVESTMENTS HARýAND& WOl-FF OTHER 18342 17973 21723 72223 73473 INVENTORIES 367494264589 136622 68047101249 DEBTORS 278242309047 135055 158096 133672 BANKAND CASH 76014269817 481767 442675 273478 721750843453 753444 668818 508399 CREDITORS BANK'-OAN'S AND OVERDRAFTS -409175 -462021 -351980 -311644 -162585 NETCURRENT ASSETS 312575 381432 401464 357174 345814 CAPITAI-EMP'-OYED 779802 846244 862903 867259 852523 ORDINARYSHARES 225000 300000 300000 300000 300000 RESERVE 150003 150009 150000 150000 150000 PROFITAND LOSS ACCOUNI 104802 96244 112903 117259 102523 479802 546244 562903 567259 552523 PRErERENCESHARES 300000 3000DO300000 300000 3LI0000 DEBENTURES VENDORSACCOUNT 779802 846244 862903 867259 852523 APPENDIXGlIb continued D&W HENDERSONLTD. Y[ARTO 30TH APU- 1925 1926 1927 11028 1929 Z rr IL L TRADINGPROF'IT/-! EXCEPTIONA'-ITEMS-OSS DEPRE CIAT ION -5670 -6260 - 6750 -7130 -3710 BANK& '-,9AN INTEREST TAXATION NETPROFIT/-ýOSS FORYEAR 10173 9364 -6275 -7855 -4809 BAýANICEBROUGHT FORWARD 102523 37696 32080 10805 2950 REVENUERESERVES 15000 2000C PREFERENCEDIVIDEND -15000-15000, -15000 -15000 -15000 ORDINARYDIVIDEND -60000 B.A'-ANCE CARRHO FORWARD 37696 32080 10805 2950 3141

YEE,AR-E ND B A'- ANI! -EI SHE ET FORMAT10,,ý EXPENSES FIXEDASSETS ATSTART OF YEAR 433236 43273P 4L.,5970 44,7927 451994 NETADDITIONS DURING YEAR 5172 19492 8707 11197 7718 PROVISIONFORDEPRECIATIOt",, -5670 -6260 -6750 -7130 - 3710 ATEND OF YEAR 432738 445970 447927 451994 456002 INVEST Mt.%. TS HARI-AND& ViU'-F-F 113000 122650 97650 6265D 62650 OTHER 73200 73200 7320CI 73200 70364 INVENTORIES 1411,58566 (--J'5 2 86571 190333 137706 DEBTOPS 103063 81671 86406 77316 87066 BANKAND CASH 11549 40623 20010 1326 2547 263197 188346 192987 268975 227319 CREDITORS -94439 -460b6 -50959 -99574 -98194 BANK'-OANS AM) OVERDRAFTS -MI95 NEICURRENT ASSETS 16675F,140261) 142026 1501')o 129125 CAPTI TAI- EMP-OYED 767696 7820810760805 737950 71R141 ORDINARYSHARES 300006 3009,00300000 300000 300000 RESERVE 150000 150000 150000 135000 115000 PROFITAND I-OSS ACCOUNT 37696 32080 10805 2950 3141 487696 482080 460805 437950 418141 PREPERENCESHARES 300000 300000 300000 300000 300000 DEBENTURES VENDORSACC'OUNT 767696 782080 76H805737950 718141 APPENDIXGlIb continued D&W HENDERSONLTD. YEARTO 30TH APPI'- 1930 1931 1932 1933 1934 rLL TRADINGPROFIT/-ýOSS EXCEPTIONAýITEMS DEPRECI AT]ON -3920 -3010 -4090 -1550 -3850 BANK& '-DANINTEREST TAXATION NETPROFIT/-'-(', SSFOR YEAR 13412 15867 -39639 -17522 -35718 BAI-ANMBROUGHT FORWARD 3141 1553 2420 2781 5259 REVENUERESERVES 40000 20000 35000 PREFERENCEDIVIDEND -15000 -15000 ORDINARYDIVIDEND RkANCECARRIED ;70Hh'ARD 1553 2420 2781 5259 4541

ý'-EAR-ENDBA-ANCE SHEET FORMATIONEXPENSES FIXEDASSETS- ATSTART OF 'r'EAR 456002 459604 458991 461840 461191 NETADDITIONS DURING YEAR 7522 3297 6939 901 -177 PROVisin%FOR Dc-PRCCIATION, -3920 -3910 -409C -1550 -3850 ATEND OF YEAR 459604 458991 461840 461191 457164 INVESTMENTS HAR'-AND& W9,1-FF 2650 2650 2650 907 907 OTHER 65523 65695 6561?5.65695 65695 INVENTURIES 154231 B2653 80808 77251 -5766 DEBTORS 115223 123936 108933 112195 121992 BANIKAND CASH 19082 13672 1123 2974 25623 288536 220261 190864 192420 141847 CREEDI TOP,S -59760 -30177 -37114 -46569 -41072 RANK''-OANS AND OVERDRAFTS -6154 -13385 N!-:T CURRENTASSETS 188776 190084 147596 132466 100775 CAPITA'.- EMP'-OYED 716553 717420 677761 660259 624541 ORDINARYSHARES 3001100300000 300000 300000 300000 RESE RVE 115000 115000 75000 55000 20000 PROFITAND 1-OSS ACCOUNT 1553 2420 2781 5259 4541 416553 417420 377781 360259 324541 PPEý7EPEMCESHARES 300000 300000 300000 300000 300000 DEBENTURES VENDORSACCOUNT /16553 717420 677781 660259 624541 APPENDIXGIlc THEBLYTHSWOOD SHIPBUILDING CO.LTD. YEARTO 31ST DECEMBER 1930 1931 1932 1933 1934

TRADINGPROFIT/-! EXCEPTIONAi-ITEMS-OSS DEPRECIAT10N -4000 -2900 00 -2500 BANK& '-OA\INTEREST TAXATION NETPROFITI, /-ýOSS FOR YEAR 2030 2460 1460 -4793 8750 BAI-ANCEBROUGHT FORWARD -108448 -105518 -103058 -101598 -106391 ffr--VENLJERESERVES PREFERENCEDIVIDEND ORDINARYDIVIDEND BkANCErARRIEED FORWARD -10551S -103058 -101598 -106391 -97641

YEEAR-ENDBLANýCE SHE ET

FIXEDASSETS ATSTART OF YEAR 300292 298915 296015 296U15296015 NETADDITIONS DURING YEAR 2623 PROVISIONFORDEPRECIATION -4000 -2900 00 -2500 ATEND OF YEAR -798915296015 296015 296015 2931515 INVESTMENTS(NOTE1) 27550 27600 25100 25100 inO INVENTORIES 48569 39354 21115 DEBTORS& CASH 41946 2931 4342 90515 42285 25457 CREDITORS(NOTE 2) -123899-164208 -148213 TAXPROVISION BANKýOANS AND OVERDRAFTS -93849 NETCURRENT ASSETS -127233-121923 -117963 -122756 -86506 CAPITA'-EMPI-OYED 199232 201692 203152 198359 207109 ORDINARYSHARES 121650 121650 121650 121650 121650 RESERVE PROFITAND ýOSS ACCOUNT -105518 -103058 -101596 -106391 -97641 16132 18592 20052 15259 24009 PREFERENCESHARES 121600 121601)121600 121600 121600 LOANS(NOTE 3) 61500' 61500 61500 61500 61500 199232 201692 203152 198359 207109 APPENDIXGllc continued THEBI-YTHSWOCX) SHIPBUV-DING ICO.I-TD. YEARTO 31ST 0ECEMBIR 1935 1936 1937 1938 1939 rr TRADINGPROFIT, /-'-OSS 9756 8591 17186 578 23 86551 EXCEPTIONk1TEMS 25 DEPRECIATION -230C -3700 -7449 -18000 -2000i BANK& '-OANINTEREST -3409 -2172 -3130 -5160 -3762 TAXATION - 30000 NETPROFH/-ý-OSS FORYEAR 4047 2719 6607 34663 32813 BA'-ANCEBROUGHT FORWARD -97641 -93594 -90875 -84268 -49605 RE'VELNUERESERVES PREPERENCEDIVIDEND ORDINARYDIVIDEND BA'-ANrt-'ECARRIED FORWARD -93594 -90675 -84266 -49605 -16792

YEAR-ENDBAI-ANCE, SHEET

FIXEDASSETS ATSTART OF YEAR 293515 291215 289724 284000 270429 NETAD'DiTIONS DURING YEAR 2209 1725 442Q 797-7 PROVISIONFORDEPRECIATION -2300 -3700 -7449 -18000 -20061 ATEND OF YEAR 291215 2897/24284000 2704-2-9256405 INVESTMENTS(NOTE1) 100 100 100 100 INVENTORIES 7721 5883 17460 13558 6940/5 DEBTORS& CASH 12794 3686U 44230 62990 46ý30 20515 42743 61690 76548 116425 CREDITORS(NOTE2) -100674-76650 -65691 -41244 -43139 TAXPROVISION -30000 BANK'-OANS AND OVERDRAFTS -15042 -32617 -23688 -10233 NETCURRENT ASSETS -80159 -48949 -36618 11616 33053 CAPIIA'-EMPI-OYED 211156 240875 247462 262-145291456 ORDINARYSHARES 121650 121650 121650 121650 121650 RESCRVE PROFITAND ýOSS ACCOUNT -93594 -90875 -84266 -49605 -16792 28056 30775 37382 72045 104658 PREFERENCESHARES 121600 121600 121600 121600 121600 '-OANS(NOTE 3) 61500 88500 88500 885010 65000 211156 240875 247462 282145 291458 APPENDIXGIld JOHNGKINCAID ý-T`D. YEARTO 31ST DECEMBER 1934 1935 1936 1937 1936 1939

TRADINGPROFIT/-ýOSS EXCEPTIONAl-ITEMS DEPRECIATION -10000 -10000 -10000 RANK& '-OAN INTEREST TAXATION -200000 NETPROFIT/-LOSS FORYEAR 24284-155658 50427 27776 85319 140659 BAI-ANCEBROUGHT FORWARD 14754 19163 18630 49162 47145 44464 REVENUERESERVES 1750,00 -35000 PREFERENC,E DIVIDEND -19675 - 19F.75 -19675 -19675 -19675 -19675 ORDINARYDIVIDEND -9938 -33125 -33125 BA'-ANCECARRIED FORViARD 1,9163 18630 49162 47145 44464 132123

YEEAR-ENDBA'-ANCE SHEET

FIXEDASSETS ATSTART OF YEAR 773695 573476 579356 57/3781 567988 NETADDITIONS DURING YEAR -200219 5880 4425 4207 9015 PROVISIONFORDEPRECIATION 00 -10000 -10000 -10000 ATEND IF YEAR 773695 573476 579356 573781 567988 567003 DICSE'-ENGINE ! 50000 50000 50000 50000 40000 40000 INVESTMENTS-ICENCES 15720F 140219 117722 114423 114423 114423 INVENTORIES 23979 58351 118067 15F353 213308 219051 DEBTORS 53807 20604 78833 69936 32554 126355 BANK& CASH 120287 153214 58591 61024 124380 279703 1981173232169 255491 289313 370242 62510Q CREDITORS -97313 -89734-100770 -124602 -153074 -122466 TAXPROVISION -200000 BANKI-OANS AND OVERDRAFTS NETCURRENT ASSETS 100760 142435 154721 164711 217166 302643 ARDROSSANDOCKYARD LTD. 34883 31730 27385 305 54 CAPITA'-EMPI-OYCED 1061663906130 936682 934645/966964 10546213 ORDINARYSHARES 331250 3312 50 331250 331250 33125,) 331250 RESERVE 4GO11110225000,225000 225000 260f](JO PROFITAND I-OSS ACCOUNT 19163 18630 49182 47145 44464 26noon132123 750413 574880 6n5432 603395 635714 723373 PREFERENCESHARES 3312 5P, 331250 331250 331250 331250 331250 '-OANS(NOTE 3) IUH1663906130 936682 934645 9669641054623 APPENDIXGII(-

SUNDRYN-f', TES ON ACCOUNTS.

W Hende rson '- 1-d. The comt)anv1S accOurItS for the vear to 30th A!-)r i1

1932 were qualified by the auditors in reSDect of

both týje val ue of trade investments and overdswe

debtors and bills receivable. The foliov,, inc vear

the auc;it. ors I rencrt on the accounts contained the

additional information that the con.)any's

her Ltable oronerty had been disi)oned and b* 1s receivable denosited with the comDanvIs bankers as

security for the overdraft and for unt)aid bills on

which Henderson's had a continqerit liability. At

this tine the un,)ai d bil If:, , aDDarently arisinq from the moratori un on tne debts of the Poval I-laiI

ro ano unted to 25,750. un0 j63

2) The Blythswood Shicbuiloinq Cc. I-to . a) The coný)anvIs nri rici ,)al invesitnent vias i ts

hol dinq of 25, 000 ordinarv shares in the Steel

ComDanv of Scotland These shares which stooci in 625 Urie book -; at , 0011were sold to the Lithqow- brothers in 1934 and it seems likelv that most, if

riot all, of the orofit reDorted in that vear was

due to the book nrofi t arisinq from this Sale .

b) In 1931,1933 & 1935 creditors include bank loans. c) Loans renresent anounts advancedbv H.M, Macmi il an. the comnanvIs manaqinq director. Harris 6 Dixon '-td. and the 1-ithqo-w-,brothers. 1930 and 1936-1939 the amountsof these advances are qiveri in UG3D32Cj/2/j'-? /4 but coric)arable details are riot Pvailable for the interveiiriq years. For the sake of conLinuitv the author has assumedthat the amount (Jincluded in creditors) remaiied unchanqeduntil 1936.

3) John G Kincaid Ltd.

The net r,-rof it for tl)e Year to 31st Decer,'Der 1936

is known to include a surolus of j645 . 40& arisino

on the revaluation of fixed assets. Thisis

inconsi Stent wi th the net increase of on 1v j65 , F;bt';

in the vallue of fixed assets unless, as is

nossible, these nreviouslv included fixed assets

belonqinq to Ardrossan Dockyard which first

annears as a senarate headinq in this vear's

accou'-ts. If this internretation is correct, it

has major im[Aicatirris for the internretation of

the COnDanv1s accounts. In Darticular it raises

the Dossit; ili tv that the loss of j6155 658 suffered

by the _-or[)[)anvin 19 35 , and the reduction of

"OU 219 in the val ue of fixed assets both reflect

the scale of the write-offs involved in the

reconstruction of the Ardrossan Dockyard rather

than Kincaid's own tradinq nerformance.