The Common Council (17 March) immediately offered its services to the king, and engaged to build another ship of the same tonnage to supply the place of the one that was lost. The king gladly availed himself of the offer of the City, promising "to retain the same in memory for the advantage of this royal chamber upon all occasions."(1277) Pepys’s acquaintance with the jobbery of the day, more especially in connection with naval matters, had his misgivings about the City’s offer. It was a handsome offer he acknowledged, "and if well managed might be done," but he had his fears lest the work should be put into ill hands.(1278) The work was put out to tender, but the final selection of a contractor was left to the king.(1279) Precepts were issued to the livery companies to "excite and persuade" their members in every possible way to subscribe to the undertaking.(1280) The money, however, was very slow in coming in, no more than £4,200 having been subscribed by May, 1666, when at least £10,000 was estimated to be required.(1281) Nor is this to be wondered at when it was a matter of public notoriety that the money voted expressly by parliament for fitting out a navy had been uselessly squandered. It was said at the time, although not credited by all, that many showed a willingness to advance a large sum of money if the Duke of York would guarantee its being employed on the navy by himself becoming treasurer of the fund; the Duke declined and the offers fell through.(1282) (M655) Pepys’s misgivings about the City’s new ship, called after its predecessor "Loyal London," appear to have been justified. The ship had to be launched in an unfinished state, and when her guns came to be tried every one of them burst. And yet the vessel was commended by Sir William Coventry, a navy commissioner and secretary to the Duke of York, admiral of the fleet, as "the best in the world, large and small."(1283) (M656) At the outset of the war the British fleet was not unattended with success. On the 3rd June, 1665, the Duke of York gained a signal victory over Opdam, admiral of the Dutch fleet, in an action fought off the coast of Suffolk. The report of the guns could be frequently heard on the Thames and caused much excitement in the city,(1284) to allay which the king caused a letter to be despatched to the lord mayor as soon as possible, giving details of the engagement and the losses on either side, and assuring the citizens of the safety of the Duke of York.(1285) Tuesday the 20th was appointed a day of public thanksgiving.(1286) (M657)