APPENDIX IV APPENDIX IV 
While most of the loans go toward construction of new 
craft or the modernization of existing vessels, there are 
loans to modernize and expand the processing industry as well. 
The money can be used to cover 65 percent of building costs 
or up to 50 percent of machinery costs. The repayment period 
is’ i5 years for bualidings and 10 years for machinery. 
The economic difficulties in the fishing industry which 
began in late 1974 brought numerous requests for Government 
assistance from the usually independent Danish fishermen and 
processors. Among the measures requested were fuel and gear 
subsidies, the extension of loans and delay in loan payments, 
interest assistance, and minimum prices for fish. Under an 
EEC decision permitting member states to pay fuel subsidies 
the Danish parliament approved about $1.15 million for fuel 
subsidies for the quarter April 1 through June 30, 1975. 
In March 1975 the Government was instrumental in secur- 
ing EEC approval of a temporary subsidy for the exportation 
of cod and saithe. 
The Danish government also contributed to the financing 
of a marketing scheme to promote the U.S. consumption of 
North Atlantic groundfish (cod, haddock, pollock, hake, and 
ocean perch). The other participants in this scheme were 
Canada, Iceland, and Norway, which together with Denmark ac- 
count for nearly all North Atlantic groundfish products im- 
ported by the United States. 
Conservation of fish stocks 
Denmark has been regarded as a stumbling block to con- 
servation measures proposed by the NEAFC. One example of 
this was the Danish harvest of immature herring for indus- 
trial purposes in the North Sea. NEAFC attempted to limit 
the total catch of herring from the North Sea. The Danes 
opposed the proposal insisting on a larger individual share 
Oise Guay ieoreell COE, Wie WEIS intone Winall ably 1, W745 elves a 
quota agreement was reached. This agreement allowed an in- 
ternational catch of 1.1 billion pounds, with Denmark getting 
the biggest quota of 463.0 million pounds. Norway was second 
with 220.5 million pounds. The agreement was scheduled to 
Ueisie Wises wally, ILS) 7/5,. 
In August 1975 the Danes filed objections with NEAFC 
on the issues of herring quotas and minimum mesh sizes. They 
found their quota of herring unacceptable at 152.1 million 
pounds. By November 1975 it was recommended that the direct 
306 
