Thanks to the British shipyards, the purchase of vessels abroad, and vessels, for the United States, has been largely increased by the seizure of German vessels interred in their ports at the beginning of the war. On the other hand, the losses of Germany and Austria are very large, amounting to more than 1,500,000 tons. But the paper says it must not be forgotten that the figures given show only the losses and not the increase through the building of a number of new vessels in Germany. The writer continues: "One day the all-powerful president of the Hamburg-American company revealed some secrets. His own company is having a giant Bismarck of 3,000 tons. Three steamers of 22,000 tons each, four of 18,000 tons, and twelve of from 10,000 to 12,000 tons. The North German Lloyd will add to her fleet a Kolumbus and a Hindenburg of 35,000 tons each, a Zeppelin and a Munchen of 1,500 tons, and twelve vessels of from 10,000 to 13,000 tons other large steamship companies in Hamburg and Hamburg."  Firemen are building twenty-four vessels of from 10,000 to 13,000 tons. The German merchant marine, therefore, will receive an increase which is all the more valuable because the new vessels are not only large but also very fast. 