The unusual dimensions, the general form and the mode of construction of all the parts involved by these dimensions, the necessity of studying each part in detail, so as to obtain, by judicious mode of construction alone, the greatest amount of strength with the minimum amount of material; all these circumstances, and particularly the last, have rendered necessary a very large, though unseen, amount of labour in the preliminary plans and stages of the work; and, although I had for nearly two years before the contracts were entered into, devoted a great deal of time and thought to the subject, yet of course until the exact size of the vessel, and the general plans of the Company, had been finally determined upon none of these matters could be entered into in detail. Much time has consequently been required to mature and prepare these plans; and as I have made it a rule from the first that no part of the work should be commenced until it had been specially considered and determined upon, and working drawings in full detail prepared, and, after due deliberation, formally settled and signed, the work did not make at the onset that display of progress which might have been made, if less regard had been paid to establishing a good system which would prevent delays hereafter, and ensure a more perfect and satisfactory result. I am not prepared to say that the work is in that state of progress which will ensure its completion within the period fixed in the contract; but I am quite certain that if we had proceeded with less system we should have considerably delayed the final completion. I shall now refer to a few of the principal peculiarities in the construction of the ship. In the preparation of the detailed plans, I have carried out fully those principles which I originally described as leading features of the construction.