The beginning and the end of the Ship George T. Hay

Stanley T. Spicer; Masters of Sail: Petheric Press 1968

The 1762 ton square-rig Ship, George T. Hay ready for launching at Spencer's Island NS. in 1887. The custom in the Maritimes was to launch the ship fully rigged and ready to go, sometimes already loaded!
I found the summary of costs involved in the building of this ship.
All Timber except hard pine..............$11,329.34
Labour including iron work.................21,080.23
Iron Bills..............................................12,391.34
Outfitting..............................................11,966.41
Miscellaneous.........................................1,419.18
Total cost........................................... $58,186.50
Sale of excess materials..........................2,200.81
Final cost.............................................$53,985.69

Not too much information on the life and times of the ship, a 1901 Australian newspaper report of the ship surviving a storm of almost hurricane proportions while at anchor just off Philip Island, and a description of the abandonment of the ship in March of 1906 in the South Atlantic when she was carrying a load of hay from Uruguay to what is now Lobito, Angola.