THE WHITE HOUSE WASHINGTON MEMORANDUM TO: THE PRESIDENT FROM: MR. LUBIN SUBJECT: MERCHANT VESSEL LOSSES The attached chart shows the merchant vessel situation from March 1 to April 5. It should be noted that the losses reported for the week ending April 5 were smaller than for any week in the 5-week period. On the other hand, new con- struction was higher than for any week in the period. The total losses for the five weeks, as shown on the chart, amounted to 1,195,000 deadweight tons. This is an average loss of approximately 239,000 tons per week. The total new construction in the United States, Great Britain and Canada for the five weeks was 456,000 tons, or an average of 91,000 tons per week. The total net loss for the five weeks was 739,000 tons, or an average of approximately 148,000 tons per week. |