Just a fantastic AR for USL 1948 … covered though out are finances, company and fleet information. There is a wonderful section on Passenger shipping that covers the SS America (which had just officially been repurchased form the government) and the SS Washington. There is also a section dedicated to the NEW passenger liner which also includes the centerfold with a magnificent early rendering of the ship. The front and back covers are a nice linen like stock that together feature SS America and several members of the freighter fleet. Excellent like new condition.