THE PRESIDENT -3- April 17, 1942 Estimated Losses for the Week Ending April 12 According to preliminary estimates received from London, the combined losses for the week ending April 12 were 70 vessels, aggregating approximately 565,000 tons. Twenty-two vessels of 229,000 tons were tankers. The losses for the week exceeded the losses for the entire month of December and were only 50,000 tons under the total losses for the month of January. The losses during the week exceeded the previous weekly peak (March 15- March 22) by more than 200,000 tons. |