Volume Two - The Era of Optimism, Investment & Development - The gridiron and slipway of the Penarth Shipbuilding & Ship Repairing Co. . . .

In subsequent years plans were made to improve the situation in conjunction with the TVR as the following newspaper reports confirm. The first is from December of the same year - 1907.

Penarth Dock Extension - Taff Vale Company's Scheme - 'The Taff Vale Company have deposited a copy of a Bill which they propose to introduce next Session. The Bill, which comprises only ten clauses, does not ask for any powers to raise additional capital, but is confined to obtaining powers to provide "sufficient accommodation" for the repair of steam and other vessels in connection with their Penarth Harbour and Dock undertaking.

By Clause 2 the necessary powers are therefore sought to "construct, acquire by purchase or otherwise, maintain, equip and work floating dry docks, floating pontoons, gridirons, slipways, shipbuilding and ship-repairing yards, sheds, and engineering works and conveniences for the repair of steam and other vessels of every description."

By Clause 3 power is sought to grant leases and licences to any company for carrying out any of the purposes mentioned in Clause 2 ; and by Clauses 4, 5 and 6 agreements are sought to be authorised between the company and the Penarth Shipbuilding and Shiprepairing Company, Limited. These agreements may provide "for the subscription by the company of the limited company and the guarantee by the company of the dividends or interest on such capital or any part thereof, and for the nomination or appointment by the company of directors of the limited company." - Cardiff Times [019] 28th December 1907.

The following year, 1908, an article confirmed the Penarth company was 'rejuvenated' and that it had won its first order for shipbuilding since 1896 some twelve years earlier.

Shipbuilding at Penarth - Years ago shipbuilding was an important industry in South Wales, but for a long period little has been done in this direction, notwithstanding the fact that at the Dowlais Works large quantities of ship-plates are turned out within the confines of the port of Cardiff. Some time ago, however, it was demonstrated at a couple of Cardiff dry docks that steel barges could be built successfully. Now the rejuvenated Penarth Shipbuilding and Ship-repairing Company (Limited) is going to show what it can do in a similar direction.