fo the Editor of the "Norta-Caiwa Darty News.
Sim,—According to your special telegram of even date the Germans are supposed to be bitterly attacking England for having captured 45 per cent. of the German mercantile marine. In warfare, at least, combatant is not particularly anxious to enlarge the losses he has occurred, be they either in men or material, but according to your special cable of to-day it would appear that the Germans are great ly exaggerating their losses of their seagoing shipping.
According to statistics, which may be taken as fairly accurate, the German mercantile marine at the end of December 1913 was composed of the following vessels:
Text read from the printed page and cleaned; old type leaves the occasional error.