THE PRESIDENT
 
8. Since December 1, the net shipping under U.S. -U.K. control has declined by 2,136,000 tons,
despite the fact that 2,100,000 tons of new ships have been put into commision during the period.
 
                    LOCATION OF SINKINGS
 
9. The bulk of the ships lost during the first thirteen days of May were sunk in the Alantic Ocean
South of 30' N, West of 45' West. (see attached map) This area accounted for 68% of the losses
for which definite information is available in the Office of Naval Intelligence . During this period,
28,000 tons were sunk in the Murmansk area.