British Comment

" Thus ends in catastrophe the vastest and most futile attempt in history to create artificially a new industry," said the London Daily Chronicle with reference to the death of the subsidy plan. " A new chapter now opens for the British Mercantile Marine."

The Daily Telegraph was more polite: " In any case, we may signal this message across the Atlantic. The American shipbuilding effort, a splendid vindication of the spirit of the people of the United States, will never fail to evoke feelings of gratitude and admiration in this island country."