The following table summarizes the position at the end of 1917:
British. Foreign. World.
Losses 7,079,492 4,748,080 11,827,572
Gains:
New construction 3,031,555 3,574,720 6,606,275
Enemy tonnage captured 780,000 1,809,000 2,589,000
--------- --------- ---------
Total gains 3,811,555 5,383,720 9,195,275
Net loss (world) 2,632,297