From Clear the Bridge by Richard O'Kane, page 325 (my emphasis added):
"The shoot provided a good example for my argument against having a single gun forward, since at one point while we were opening the range, our 4-inch came against the stops short of the conning tower and would not bear. With the slow rate of fire, about seven seconds per round, it was impossible to stay on the yacht for more that one or two hits after Mel had spotted the splashes on, and only eight sure hits were observed."
If O'Kane thought 7 seconds was a slow rate of fire, 2 minutes is way too long between reload times. I know this has been discussed in other threads, but this quote seems pretty definitive to me.
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