 Although the British team had secured the trophy for the UK permanently with the 1931 uncontested win, development of the other 1931 entrants continued.The proposed Italian entrant (the Macchi M.C.72) which had pulled out of the contest due to engine problems later went on to set two new world speed records.In April 1933 (over Lake Garda, in northern Italy) it set a record with a speed of .