TABLE OF CONTENTS 



Page 



CHAPTER I - BACKGROUND AND THE PROBLEM AREAS 1 



Introduction 1 



Historical Importance of the New England Fishery 1 



The Decline of the New England Groundfish Industry 1 



1. Employment 5 



2. The Vessels 6 



3. Cost-Revenue Relationships 7 



The Modem Industry 8 



CHAPTER II - THE ATLANTIC PROVINCES OF CANADA U 



Economic Base 11 



1. Atlantic Provinces And Canada 11 



2 . Atlamtic Provinces And New England 11 



3 . EJmployment And Income 13 



The Fisheries 1^ 



1. Historical Importance 15 



2. Relative Inqportance Of The Fishery 15 



3 . Structure Of The Fishing Industry 16 



a . The Inshore Fishery 17 



b. The Offshore Fleet 18 



c . The Subsidized Fleet 19 



k . The Fishing Labor Force 23 



The Market for Groundfish 29 



1 . The Primary Mcirket And Price 31 



Governmental Aid to the Fisheries 33 



Summary and Conclusions 35 



CHAPTER III - THE HADDOCK RESOURCE 39 



Introduction 39 



The Economic Implications of the Haddock Resource 



Available to the New England Groundfish Fleet 39 



1. History Of The Resource Utilization 1|0 



2. Maximum Annual Yield On Georges Bank And 



Its Effect On Fishing Costs h3 



Summary and Conclusions 52 



CHAPTER IV - OTHER GROUNDFISH RESOURCES 55 



Introduction 55 



Ocean Perch Resource 55 



1. History ^^ 



2 . The Ocean Perch Grounds 55 



3. The Ocean Perch Ports 56 



Cod Resource 57 



Pollock 57 



Cusk 57 



Hake 58 



Whiting 58 



