THE PRESIDENT
 
tons more than the last peak, which was reached during the week ending April 19.
 
     3.Losses during the week ending May 3 are the lowest recorded
 since early in March. Losses of U.S. and U.K. cargo were 71,600 tons.                                         
                                                                                                                                                       
 
             Table II shows new construction and losses for cargo vessels and
tankers under U. S. and U. K. control for the week ending May 3.
 
 
          LOCATION OF SINKINGS BY DATE OF OCCURRANCE
                    May 1-9, 1942
 
          1.. According to preliminary reports, 141,000 DWT were lost during the first nine days of'
May.
 
          2. There was only one vessel (10,000 DWT) lost in the Alantic Ocean, North of 30' North,
and West of 45' West. In the South Alntic (south of 30' North and West of 45' West) losses were
96,000 tons or 68% of the total reported.
 
     3. Three vessels, aggregating 24,000 tons were lost off of Murmansk. One Russian vessel
of 7,000 tons was sunk in the pacific Ocean (see table I)