There was one very important factor in the situation, viz., the comparative rate at which the Germans could produce submarines and at which we could build vessels suitable for anti-submarine warfare and for defence of commerce. The varying estimates gave cause for grave anxiety. Our average output of _destroyers_ was four to five per month. Indeed, this is putting the figure high; and, of course, we suffered losses. The French and Italians were not producing any vessels of this type, whilst the Japanese were, in the early part of 1917, not able to spare any for work in European waters, although later in the year they lent twelve destroyers, which gave valuable assistance in the Mediterranean. The United States of America were not then in the war. Consequently measures for the defence of the Allied trade against the new menace depended on our own production. Our _submarines_ were being produced at an average rate of about two per month only, and--apart from motor launches, which were only of use in the finest weather and near the coast--the only other vessels suitable for anti-submarine work that were building at the time, besides some sloops and P-boats, were trawlers, which, whilst useful for protection patrol, were too slow for most of the escort work or for offensive duties. The Germans' estimate of their own submarine production was about twelve per month, although this figure was never realized, the average being nearer eight. But each submarine was capable of sinking many merchant ships, thus necessitating the employment of a very large number of our destroyers; and therein lay the gravity of the situation, as we realized at the Admiralty early in 1917 that no effort of ours could increase the output of destroyers for at least fifteen months, the shortest time then taken to build a destroyer in this country. And here it is interesting to compare the time occupied in the production of small craft in Great Britain and in Germany during the war. In pre-war days we rarely built a destroyer in less than twenty-four months, although shortly before the war efforts were made to reduce the time to something like eighteen to twenty months. Submarines occupied two years in construction. In starting the great building programme of destroyers and submarines at the end of 1914, Lord Fisher increased very largely the number of firms engaged in constructing vessels of both types. Hopes were held out of the construction both of destroyers and of submarines in about twelve months; but labour and other difficulties intervened, and although some firms did complete craft of both classes during 1915 in less than twelve months, by 1916 and 1917 destroyers _averaged_ about eighteen months and submarines even longer for completion.