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.