When the losses above given are analyzed they are found to be much less favorable to the German side than they appear to be on the surface. To begin with, we may eliminate the three armored cruisers on the British side as of no military value whatever. This reduces the _effective_ tonnage lost on the British side by more than 40,000 tons. The _Queen Mary_ and the _Luetzow_ offset each other. If we accept the German claim that the _Pommern_, which was lost, was actually the old predreadnought of that name, it is fair to say that she offsets the _Invincible_. There is, however, very good reason for believing that she was a new and very powerful dreadnought. If this is the case, her loss easily offsets that of both the _Invincible_ and the _Indefatigable_. Accepting the German statement, however, as we have done at all other points, we may say that so far as _effective_ capital ships are concerned, the British lost one more than the Germans. This, after all, is not a very great difference, and it is to a large extent offset by the loss of four light cruisers which the German admiralty admit. In destroyers the advantage is with the Germans. With regard to the armored cruisers already referred to, it is interesting to note the fact that these three ships were practically presented to the Germans, thus paralleling the fate of their sister ships, the _Cressy_, _Hogue_ and _Aboukir_, which, as will be remembered, were destroyed by a submarine in September, 1914, under conditions of inexplicable carelessness. The military loss represented by all six of these ships was small (disregarding the loss of personnel), but they all selected a fate which was so timed, and in its character so spectacular, as to contribute enormously to the lessening of the prestige with which the British navy had entered upon the war. As bearing still further upon the comparative losses of the battle, account must be taken of ships seriously injured. Of these, reports from sources apparently unprejudiced insist that the German fleet has a large number and that the number includes several of the most powerful ships that took part in the battle. It is known that the _Seydlitz_, one of the latest and largest of the German battle cruisers, was so badly damaged that it will be many months before she can take the sea again. There are stories of two other large ships which reached port in such a condition that it was necessary to dock them at once to keep them from sinking. Contrasted with this is the fact that the British ships which reached port were but little injured. This gives an air of probability to the story that the German fire tactics provided for concentrating the fire of several of their ships on some one ship of the enemy's line until she was destroyed. This would explain the otherwise inexplicable fact that, while the _Indefatigable_ and the _Queen Mary_ were being overwhelmed, the ships ahead and astern of them were hardly struck at all.