B -28 



While that is just a proposal, it is an intriguing one. 



MR. JAMES BARNES: It sounds very responsible to me. 



MR. STORER: Yes, and it's one of the nice things about 

 -- if we get this thing going in time, it would be a first 

 time we might be able to look at this and to consider growth 

 intelligently, with some ability to — 



It's just an individual proposal made by a consultant. 



MR. JAMES BARNES: No. I like the propsal. I think it 

 is very interesting and good. 



And along that line, one of the things that some of the 

 people who have consulted with us about this, as suggested, 

 is that there are many ways to use krill. 



For example, it — when it appears that historical stocks 

 of the (baleen) whales are down, you know, to ten percent of 

 their historical level -- and some people suggest that — 

 of course they eat a lot of krill — and if they were returned 

 through a sound management scheme to their historical levels 

 (which is certainly possible) — but it's not possible with 

 large commercial exploitation of krill arguably — that would 

 be an assured, and very high quality protein resource of so 

 many million tons. 



It probably wouldn't be anything of the size that you have 

 heard bandied about 50 million tons a year or whatever, of 

 krill — but it would be a certain kind of protein resource — 

 and that is an option that a sound regime could consider. 



And those are the kinds of interplays and considerations 

 we think are really important, you know, to deal with; and as 

 I say, we have a unique opportunity here to deal with — start- 

 ing from the position that we haven't already decimated the 

 stock, we can be intelligent about what we do. 



Mr. HARGROVE: Larry Hargrove again, from the American 

 Society of International Law. 



It would seem to me that the model, which has perhaps 

 implicitly been in the minds of all of the states partici- 

 pating in this embryonic negotiation thus far, is that of a 

 fairly typical high seas fishery conservation management regime 



