An item referred to the Proceedings dated October 1934 reporting that of the US Navy program of 1934 private shipyards were to built 11 and naval yards the remaining 23 ships. The private shipyards which sent the lowest tenders received the orders. Lowest offered building costs for 1-10.000 ton cruiser armed with 15cm/5.9” guns was 11,6 million US dollars, for a 1.850 ton destroyer 3,84, a 1.500 ton destroyer 3,43 million and for a 1.300 ton submarine2,387 million US dollars.
