PS "Waverley" is named after Sir Walter Scott's first novel. She was built in 1946 to replace a PS "Waverley" that was built in 1899, served in the Second World War as a minesweeper and was sunk in 1940 while helping to evacuate troops from Dunkirk. Shipbuilders A. &amp; J. Inglis of Glasgow launched the new 693 tonne steamer in October 1946. She entered service with the London and North Eastern Railway in June 1947, working the LNER's Firth of Clyde steamer route from Craigendoran Pier, near Helensburgh, up Loch Long to Arrochar. In her first year in service, she wore that company's red, white and black funnel colours.