Table 10. Economic Costs of Oil Spills in New England, 1978-2018, 

 Under Various Development Assumptions (Source: Offshore Oil Task 

 Group, 1973.) 



Commercial and Sport Fishing 



The New England commercial fishing industry is an important industry 

 in the region. In 1975, the total commercial New England landings were 

 497 million pounds with a dockside value of $149 million. (The major fish- 

 ing grounds for New England are located on Georges Bank.) If extended 

 jurisdiction permits stocks to recover and excludes foreign fishing, 

 there is a potential that additional landings from Georges Bank alone 



could generate for the region an annual total of $420 million in trans- 



24 

 actions. Figure 7 shows domestic fishing activity in the Georges Bank 



area based on total landings, 1965-1974. 



37 



