"It is interesting to compare the losses in the present war with those of 1917-18, from February 1, 1917, which date marked the beginning of unrestricted submarine warfare. The monthly average' losses of British, Allied, and neutral shipping during the 15 months beginning with the outbreak of the present war amounted to about 270,000 gross tons, compared with 473,000 tons during the 15 months from February 1, 1917.
"British new construction, plus the purchase of old vessels in the United States, have in part offset these losses. As.many as 148 vessels of 560,000 gross tons have been sold by the United States to Great Britain, and a further 43 vessels of 62,000 gross tons to Canada-"—United Press.
Text read from the printed page and cleaned; old type leaves the occasional error.