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.
The fact that during the second quarter of 1918 the world's output of tonnage overtook the world's losses was another satisfactory feature.
The output for 1917 and 1918 is shown in the following table: United Dominions, Kingdom Allied and Total for Output.

Neutral World.
Countries.
1917 1st quarter 246,239 340,807 587,046 2nd quarter 249,331 435,717 685,048 3rd quarter 248,283 426,778 675,061 4th quarter 419,621 571,010 990,631 1918 1st quarter 320,280 550,037 870,317 2nd quarter 442,966 800,308 1,243,274 3rd quarter 411,395 972,735 1,384,130 4th quarter, Oct.