The losses during 1917, given quarterly, indicate the increasing effectiveness of our anti-submarine measures. These losses, so far as we know them, were: First quarter ... 10 Third quarter ... 20 Second quarter ... 12 Fourth quarter ... 24 During 1918, according to Admiral Scheer ("Germany's High Sea Fleet In the World War," page 335), 74 submarines were added to the fleet in the period January to October. The losses during this year up to the date of the Armistice totalled 70, excluding those destroyed by the Germans on the evacuation of Bruges and those blown up by them at Pola and Cattaro. Taken quarterly the losses were: First quarter ... 18 Third quarter ... 21 Second quarter ... 26 Fourth quarter (to date of Armistice) ... 6 It will be seen from the foregoing figures for 1917 and 1918 that the full result of the anti-submarine measures inaugurated in 1917 and previous years was being felt in the last quarter of 1917, the results for 1918 being very little in advance of those for the previous half-year. According to our information, as shown by the figures given above, the Germans had completed by October, 1918, a total of 326 submarines of all classes, exclusive of those destroyed by them in November at Bruges, Pola and Cattaro. Admiral von Capelle informed the Reichstag Committee that a total of 810 was ordered before and during the war. It follows from that statement that over 400 must have been under construction or contemplated at the time of the Armistice. It is understood that the number of submarines actually building at the end of 1918 was, however, only about 200, which perhaps was the total capacity of the German shipyards at one time. At the risk of repetition it is as well to repeat here the figures giving the quarterly losses of merchant ships during 1917 and 1918, as they indicate in another and effective way the influence of the anti-submarine measures. These figures are: 1917 British. Foreign. Total. 1st quarter 911,840 707,533 1,519,373 2nd quarter 1,361,870 875,064 2,236,934 3rd quarter 952,938 541,535 1,494,473 4th quarter 782,887 489,954 1,272,843 1918 British. Foreign. Total. 1st quarter 697,668 445,668 1,143,336 2nd quarter 630,862 331,145 962,007 3rd quarter 512,030 403,483 915,513 4th quarter 83,952 93,582 177,534 Figures for 4th quarter are for Month of October only. The decline of the losses of British shipping was progressive from the second quarter of 1917; in the third quarter of 1918 the reduction in the tonnage sunk became very marked, and suggested definitely the approaching end of the submarine menace.