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第二部分主要叙述了1877年至1893年商团的发展,包括商团与英国政府的关系、1881年吴淞行军、这几年中举行的阅兵情况。文章还提到了达拉斯上校在商团的贡献和功绩,应为人们所记住。另外还清楚地列明了每年的拨款预算及实际支出。1893年商团参加了纪念英国租界成立50周年特殊阅兵式,见证了上海开埠后50年中英租界在经历了最初的挣扎后已逐步繁荣。
The second part mainly describes the development of business groups from 1877 to 1893, including the relations between the business circles and the British government, the march of Wusong in 1881 and the parade conducted in these years. The article also mentioned the contribution and deeds of Colonel Dallas in business circles, which should be remembered by people. The annual appropriation budget and actual expenditures are also clearly set out. In 1893, the business delegation participated in a special parade commemorating the fiftieth anniversary of the British Concession and witnessed the gradual prosperity of the Chinese-Japanese concession after its initial struggle over 50 years after its opening in Shanghai.