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based on projected short term total allowable catches (TAC's) 

 and 1978 U.S. average ex-vessel prices. 



Although Canadian vessels would also regain access to 

 the U.S. zone, the value of that access is more difficult to 

 assess since, with the exception of Loligo squid, Canadian 

 vessels currently have access to all species covered by the 

 A.greeraent, either in the Canadian zone or in the boundary 

 region on Georges Bank. 



Other cautions concerning the reliability of available 

 data, its completeness, or problems with quantification and 

 forecast techniques are contained in the text or in the 

 footnotes to the tables, and should be carefully noted, 

 b. Short Term Impacts 



Short term impacts, both positive and negative, would 

 result primarily from changes in the supply of fish available 

 to harvesters from the stocks covered. Processor and con- 

 sumers would also be affected by the proposed action's effect 

 on supply, but to a lesser extent than harvesters because of 

 greater substitution possibilities. The proposed action 

 would affect short term supply by requiring that the Councils 

 or the Commission establish total allowable catches (TAC's) 

 annually for each stock, and by requiring that each country 

 fish only up to its entitlement percentage share. To evaluate 

 the potential impact of these requirements on supply two com- 

 parisons are helpful (1) whether the recent total catch from 



