- 108 - 



those levels, it is possible that management decisions taken 

 under the proposed action would impose certain restraints in 

 the interest of long-terra productivity. This would decrease 

 supplies available to harvesters in these fisheries as well. 

 Four such stocks can be identified frora the table: herring 

 in 5Y, cod in 4VsW and 5Y , and haddock in 4X. 



Whether or not such decisions are made would depend on 

 the social, economic and other relevant considerations taken 

 into account in the decision-making process. Decisions with 

 respect to herring and cod in 5Y in any event would be made 

 by the United States; those with respect to cod in 4VsW and 

 haddock in 4X would be made by Canada. 



With respect to other species, access to the U.S. zone 

 would enable Canadian vessels to operate over a broader area 

 but, as mentioned, the value of that access except in the 

 Loligo fishery cannot readily be determined since those 

 vessels could approximate or exceed their entitlements in 

 the absence of the Agreement by increasing their effort in 

 the boundary region or in the Canadian zone. 

 Loligo Fishery 



In 1980, the value of Loligo squid that would be avail- 

 able to Canada in the U.S. zone is estimated at $3.9 million. 

 (Based on the average ex-vessel U.S. price of Loligo squid 

 squid in 1979, as used to assess poundage fees paid by 

 foreign vessels operating in the U.S. zone in 1980.) However, 



