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Isle of Man, Liverpool & Manchester Steamship Co  (1887)
The company was set up in competition to the incumbent Isle of Man Steam Packet Company in an apparent manoevre by the Govan-based Fairfield Shipbuilding & Engineering Co to pressurise it to purchase vessels from the company.
Two large paddle steamers were put in service in 1887 and led to such ruinous competition that the Steam Packet Company bought them, not being willing to endure more than one season of such disruption. They had not bought from Fairfield before but their next purchase, their last new paddle steamer, and the largest ever on the Isle of Man run, Empress Queen of 1897 came from the same yard.  The Fairfield-owned company had served its purpose

Queen Victoria and Prince of Wales

Built in 1887 by Fairfield Shipbuilding & Engineering Co at Govan
330.5 ft : 1567 GRT
Engine : 2 x Compound 61 and 112 in x 78 in : HP cylinder horizontal, LP cylinder diagonal

Both requisitioned by the Admiralty as a netlayer in 1915 and subsequently purchased. Prince of Wales became HMS Prince Edward. Scrapped in 1920

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