At Present.

Nation.

Tonnage.

Great Britain

1,516,040

France

576,108

Germany

387,874

Russia

346,458

United States

294,405

Italy.........................

258,838

Japan

243,586

Austria.......................

93,913

as would be the caSe were vessels Building now Completed.

Nation.

Tonnage.

Great Britain

1,867,250

France

755,757

United States

616,275

Germany

505,619

Russia

458,432

Italy

329,257

Japan

253,681

Austria

149,833

* Signifies programme 1903-4 (ordered or projected).

+ Including three partially protected.

‡ Including one partially protected.

§ Including two vessels purchased from the Argentine for $7,500,000, Dec. 31st, 1903.