He came to luncheon next day with his estimate and Fourgues shut up. Villiers gave me permission to make a copy to send you. He brought all the figures up to date with the latest information received in America and you simply can’t get away from it--it’s statistics. Here is the schedule. I shall copy it for you just as he put it down: COST OF THE BATTLE OF JUTLAND The sum-total of the money lost in the Battle of Jutland comes under five heads:-- 1. English and German ships sunk; 2. Repair of damaged ships; 3. Cost of artillery; 4. Cost of coal and extras; 5. Capital represented by the men drowned and the pensions paid to their dependents. I. SUNKEN SHIPS _German_ _Francs._ Derfflinger 60 million Lützow 60 ” Kaiser 60 ” Hindenburg 60 ” Pommern 30 ” Elbing 10 ” Wiesbaden 10 ” Rostock 10 ” Frauenlob 6 ” Nine destroyers (in all) about 27 ” One submarine 2 ” --- German total 335 million _English_ Invincible 50 million Indefatigable 50 ” Queen Mary 60 ” Black Prince 30 ” Warrior 30 ” Defence 35 ” Eight light vessels (in all) about 25 ” --- English total 280 million Total value of all ships sunk 615 million II. REPAIR OF DAMAGED SHIPS. The number of ships damaged is much greater than that of ships destroyed. Some are certainly no longer available and represent a dead loss. It is impossible to determine the cost of the repair of the others, but one cannot be far from the truth in estimating under this head almost a third of what comes under the head of total destruction, or about 200 million, which, added to the first total, makes about 800 millions. III. COST OF ARTILLERY. There were about fifty big ships engaged in the battle, armed with guns of 305, 340, or 380 millimetres, in varying numbers. Admitting the average number per ship to be ten guns firing two shots a minute at an average cost of 3,000 francs a shot, we have: 50 × 10 × 2 × 3,000 = 3 million francs a minute. Summing up the minutes of firing and admitting 45 as the total, we have 3 × 45 = 135 million francs. Adding the fire of the secondary armament, and guns which burst or which must be changed, the total for the artillery can be given as about 150 million, which, added to the others, makes 950 million.