THE PRESIDENT                 -2-                 4/28/42
 
                Combined Cargo and Tanker Losses
 
     8. The combined cargo and tanker losses for the week ending
April 19 were 325,000 tons. This is 159,000 tons less than during
the previous week.
 
     9. The net losses (sinkings minus new construction) for the
week aggregated 169,700 tons. This is 221,000 tons less than during
the week ending April 12.
 
     10. The reported shipping losses for the three weeks ending
April 19 aggregated 996,000 tons. This exceeded the losses for the
month of December by 630,000 tons. It was 384,000 tons greater than
the losses for the whole month of January, and 265,000 tons greater
than the losses in February.
 
                      Location of Sinkings
 
     11. Preliminary reports as to actual location of sinkings re-
ceived by April 23 show that between April 1 and April 23, 307,000
tons of United States, British, Allied and Neutral shipping were lost
in the Atlantic north of 30' N. and west of 45' W. Losses in the
Atlantic Ocean south of 30' N. And west of 45' W. were 85,000 tons.
Indian Ocean losses were 186,000 tons.
 
     The attached table shows new construction and losses for
cargo vessels and tankers under United States and British control
for the week ending April 19.
 
     The chart attached shows the changes in the shipping
situation from March 1 to date.
 
     A table and map showing sinkings by geographical areas from
April 1-23 are also attached.