No foreign vessels are engaged in the shrimp fishery. Licenses 

 to operate may be issued to citizens of the Philippines or of the Uni.ted 

 States, and to associations duly registered or incorporated under the 

 lavrs of either country and authorized to transact business in the 

 Philippines, This requires that at least 6l percent of capital stock or 

 interest belong to either Philippine or United States citizens or to 

 citizens of countries which grant similar rights to citizens of the 

 Philippines . 



The principal prospects for expanding production lie in the 

 cultivation of shrimp in fish ponds. The shrimp known scientifically 

 as Penaeus mono don is now being cultivated on a commercial scale. This 

 species comjiiands the highest price among shrimp found in the local 

 markets. They are usually from 8 to 11 inches in length. The abundant 

 supply-- of shrimp fry foiind generally in the Philippines makes the 

 development of this fishery a promising enterprise. 



SOUTH KOREA 



The catch of shrimp in South Korea during 195U was reported 

 at 32.8 million pounds, of which about U.l million pounds were prawns. 

 The 1953 catch was reported to total hS.S million pounds. 



United States imports of shrimp from Korea have ranged as 

 f ollo"ws in recent years : 



Pounds Value 



1,556 

 6,oUl 



1,682 

 2li,267 



60 



