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This important volume has been published annually since 1893. The Transactions provide a compilation of select papers presented before the Society during the calendar year and the Society's national award-winning papers for that year. The contents are divided into sections containing archival papers of exceptional quality, primarily drawn from the Society's Annual Meeting papers, which include written discussions and authors closures; SNAME major award- and prize-winning papers; graduate and undergraduate student award winning papers; and significant papers of such high quality and intrinsic value as to warrant capturing them in the Transactions. The volume also includes a summary of the Society's business as reported at its Annual Meeting.