The British Isles owned 19,400,000 tons of the total world shipping at the end of June of 64,784,000 tons recorded in Lloyd's Register.
The total world net increase for the year was 143,000 tons as com~ pared with an increase of 618,000 tons the year before.
United States tonnage decreased nearly 600,000 tons, The British Isles decreased 41,- 000 tons as compared with an me crease of 395,000 tons the previous veal The greatest increases in steam and motor vessels recorded since June, 1914, are: the United States by 9,500,000 tons, Japan by 2,260,- 000 tons, Italy by 1,720,000 tons, France by 1,402,000 tons, Holland by 1,081,000 tons and the Br Dominions by 1,057,000 tons.
British Isles tonnage increased barely two per cent. on the tonnage owned in 1914, whereas foreign tonnage increased nearly 64 per cent. Germany stows the only decrease, namely, 2,073,000 tons, Britain's percentage of 42 of the world's steam and motor tonnage Jin 1914 has now shrunk to under AMERICAN STEEL AND,
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