The economic effects of the submarine warfare are expressed in many different spheres covering a wide area, where the enemy seeks to render visibility still more difficult by resorting, so to speak, to statistical smoke-screens.
"The English statistics to-day are most interesting, one might almost say, in what they wisely refrain from mentioning.

The Secretary of State for the Navy pointed out yesterday how rapidly the pride of the British public had faded.

The English are now suppressing our reports on the successes of our submarines and our statements as to submarine losses; they dare not make public the amount of tonnage sunk, but mystify the public with shipping statistics which have given rise to general annoyance in the English Press itself.

The English Government lets its people go on calmly trusting to the myth that instead of six U-boats sunk there are a hundred at the bottom of the sea.

It conceals from the world also the true course of the entries and departures of tonnage in British ports since the commencement of unrestricted submarine warfare.