The following text may have been generated by Optical Character Recognition, with varying degrees of accuracy. Reader beware!

Dear Str: This classification of Hulls has been pre- pared, not for the information of the PUBlic, but for the exclusive convenience and guidance of the companies composing "THE ASSOCIATION OF LAKE UNDERWRITERS," and their agents. It ts not claimed that the valuations are exact, but approximate. For these reasons you will in no instance allow any one besides yourself and employees to inspect thts book. Should you, in reply to inquiry, give any one the value of any vessel, You must invariably inform them that the value Of thE VESSEL is only approximate, On our demand the book is to be returned to the Association. Yours truly,