A N N E X I INTRODUCTION 1. In this report, the words "munitions of war" have been taken to include all equipment which goes to make up the fighting efficiency of the Armed Forces. We have not dealt with oil, which is the subject of other papers. In taking a standard against which to measure "shortage", we have had regard mainly to existing establishments and sometimes to existing strategic commitments. We have omitted consideration of the numerical sufficiency of the main units of the German Fleet.