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OCR Page 1 of 5Mr. Chairman, Ladies and Gentlemen, we have
assembled here to witness the launching of five
MUGMAROMBIM
10,000 ton cargo vessels, which are being built
by the Todd-Bath Iron Shipbuilding Corporation
under a contract with our British allies, and these
five vessels are to be delivered to them.
There are few things today which are as im-
portant as the production of ships. Enemy sub-
marines have taken an exceedingly heavy toll of
Allied shipping. Measures have been taken to cope
with the submarine menace, and we all hope that
they will be successful, but no matter how suc-
cessful they are we have great need for every
additional ton of shipping that can possibly be
constructed. The capacity of the United States
to produce planes, tanks, guns and other articles
of war is exceedingly great; but all those things
are of little importance unless we can transport
them to the various areas in which war operations
are taking place. To do that we must have ships.
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