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Sir Eric Geddes on the tonnage position; world tonnage from the beginning of the war to end of 1917 fallen by 8 per cent. net, British tonnage by 20 per cent. net; total tonnage sunk in first year of unrestricted submarine warfare 6,000,000, against German claims of 9,500,000; he announces appointment of Lord Pirrie as Controller-General of Merchant Shipbuilding. President Wilson authorizes seizure of Dutch ships in United States ports.