Iberia 1911-2

[Darman]

Notes
Durban completed 1 IC
Congo completed 1 IC
Barcelona finished expanding its 250m drydock to a 300m drydock
2 Baleares class cruisers completed construction and will begin trials in September
The first tranche of minewarfare vessels has been completed and is undergoing trials and experimentation
The Iberian Navy's first submarine will also be completed in December. 

Also paid in full for 2 additional colonial IC (Falklands and Congo).  Will come online next turn.