In case (A), where part of the materials are obtained at ceiling 

 prices, the total cost of fishing gear is $l,747o47o 



The above total is figured on the basis that the cotton line and 

 the wire could be obtained at the ceiling prices, However j, in actuality 

 the amount obtainable on ration at the ceiling price is only about 40 

 percent of the amount required, and therefore under existing circumstances 

 the cotton line, with a unit cost of ^9„725 would come to $21,, 88 for 

 2»25 kan /IS . 6 pounds/, and the wire, at a unit cost of lo26 centS;, would 

 come to a total of 34 cents for 27o3 meterso This would make the actual 

 cost of 350 baskets (B, all materials bought on the free market) $8,288u00i, 

 or about five times the previously mentioned totalo 



Ship's gear is principally manila rope^, for which there is in 

 actuality no ration at all, so at (B) prices, about 4c, 7 times the 

 official ceiling price, this item would come to $133= 34c 



Under interest is included 8.8 percent on the vessel value of 

 |l8,751o50, fishing gear value of |1,747,47, and operating capital of 

 i2,778„00 or a total of |23,276c97,. As the actual value of the fishing 

 gear at present prices is #8,617o91, the (B) interest would be $2,652o97. 



The item under various taxes and public assessments represents a 

 total of ;^638o94 in taxes and $41o.67 in contributions to public bodieso 

 The vessel earnings tax and crew insurance costs have not been included, 

 and consequently considerably greater expenditure by the boat owner for 

 this item is to be expectedo Crew bonuses and indirect expenses are 

 actually greater than those given in the preceding tableo 



(B) Crew bonuses $289„86„ 



(B) Indirect expenses |l,343o03<, 



If we summarize the expenditures in the boat owner's account and 

 compare them with the boat owner's receipts (share)^ we get the following§ 



Item (A) (B) 



Boat owner's income ...,. $43 629„ 93. . . » o „ « o o » » $ 3,728=28 

 Boat owner's expenditures ,»,oo 10,987„82o. oo. 14,773=40 



Difference o . « o . ^ o » o o « . <. . » <. » o o <, 6,357„89 loss » o <> o o llj,045ol2 loss 



In other words, even if the boat owner's expenditures are made at 

 ceiling prices (A), he will lose in the space of a year a sum of over 

 $6,000, and under actual conditions, when only a part of the materials 

 can be obtained at ceiling prices (B), he will lose around |ll,000o 



22 



