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It is also-assumed for the purpose of this analysis 

 that the entitlement shares provided in the Agreement would 

 remain the same over the long term. In reality, of course, 

 the Agreement provides for adjustment of shares at ten 

 year intervals, consistent with the boundary adjudication. 

 That outcome is impossible to predict at this time. Finally, 

 it is assumed that U.S. and Canadian fishermen would increase 

 fleet capacity and effort to the point that their respective 

 entitlement shares would be fully utilized. 



Shares values are computed using 1978 average U.S. 

 ex-vessel prices, and potential harvests are compared with 

 1978 base year harvest levels, except where noted. 



The stocks covered by the Agreement can conveniently 

 be divided into three categories shov;n in Table IV; 



1. Those which are located primarily in the undisputed 

 Canadian zone , comprising about 42 percent of the tonnage 

 and 31 percent of the value of the potential long term 

 annual harvest of all stocks covered by the Agreement. 



2. Those which are located primarily in the undisputed 

 U.S. zone , which comprise about 8 percent of the potential 

 annual tonnage and 11 percent of the potential value, and 



3. Those which range significantly into or across the 

 boundary region and comprise the remaining 50 percent of the 

 potential annual tonnage and 58 percent of the value. 



In the undisputed Canadian zone , U.S. fishermen would 

 be entitled to a potential annual harvest of 15.5 thousand 



