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Subsequently, the haddock stock and fishery collapsed. 

 Where U.S. fishermen landed about 46,500 tons annually from 

 1935-1960, their landings fell to only 3,018 tons in 1973, 

 a decline of 94 percent from the U.S. catch of 51,895 tons 

 in 1964. Mo year-classes of any consequence were produced 

 during the decade between 1964 and 1974. 



Although the haddock resource has since recovered 

 to a point that can be termed hopeful, the United States 

 and Canada are also at a point where, through competitive 

 fishing, haddock productivity again could decline. 



For these reasons, the "no agreement" alternative 

 holds few attractions and may exacerbate existing problems. 



