But in view of the great decrease in American grain shipments and the small quantity which can have come from India and Australia the statement is hardly credible.

We may take it that March has brought a further decline, and that to-day, when we are nearing the time of the three-week stocks, the English supplies are lower than in the previous years.
"The English themselves acknowledge this.

Lloyd George stated in February that the English grain supplies were lower than ever within the memory of man.

A high official in the English Ministry of Agriculture, Sir Ailwyn Fellowes, speaking in April at an agricultural congress, added that owing to the submarine warfare, which was an extremely serious peril to England, the state of affairs had grown far worse even than then.
"Captain Bathurst, of the British Food Controller's Department (_Kriegsernaehrungsamt_), stated briefly on April 19 that the then consumption of breadstuffs was 50 per cent.

in excess of the present _and prospective_ supplies.