SUBMARINE MENACE.
A PLEASINC SIGN.
INSURANCE RATES DOWN.
THE PERIL DECREASING.
Australian and N.Z. Cable Association
WASHINGTON, May 9. . Tile Government 'rates for marine war risks have been reduced to two per cent. r;, herc is evidence that the submarine menace is lessening. Tsho new rates arc more than one-third less than the rates last August.
TURN OF THE TIDE.
ALLIES GAINING TONNAGE.
Australian and N.Z. Cable As&ociatioe
LONDON, May 9. One thousand American- military and civil officials dined at the National Sporting Club. 'Admiral Sims said that a year ago submarines destroyed a million tons of shipping in a month. If this had continued, the Allies would now possibly have been seeking peace. Since April 1917, the sinkings had gone down and the building had gone up. The two curves would cross next week. We would then bo increasing the shipbuilding instead of the submarines decreasing shipping. Germany knew this; hence her desperate efforts on the West front, which was her last chance.
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Bibliographic details
Gisborne Times, Volume XLIX, Issue 4866, 11 May 1918, Page 5
Word Count
164SUBMARINE MENACE. Gisborne Times, Volume XLIX, Issue 4866, 11 May 1918, Page 5
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