FOR DAMAGES. 289 



taken w itliout an undue diminution of the seal Basis of compu- 

 tation of daiiiagea 

 herd, provided the Arbitrators found that number to Government. 



to be 47,500. If they actually determine upon 



a different number, then the result given above, 



by way of illustration, must be increased or 



diminished accordingly 



II. The Claim of the Lessees. — Under the Con- The lessees' 



. claim. 



vention of April 18, 1892, the North American 

 Commercial Company are entitled, as the lessees 

 of the Government, to such an indemnity as shall 

 compensate them for the loss of profits incurred 

 through the forced diminution in the catch of 

 seals. When the Arbitrators have determined 

 the number of seals which might safely have 

 been taken during the present season over and 

 above the 7,500 allowed by the Convention, it 

 will be for them to determine next the amount 

 of profit which the lessees would probably have 

 derived from this increased catch over and above 

 that which will be actually realized from the 

 catch of 7,500 prescribed by the Convention. 

 The balance of profits so obtained will constitute 

 the sum to which the lessees are entitled as an 

 indemnity under the section of the Convention 

 above cited. 



In determininof the amount of profit obtained Basis of compn- 



^ ^ tation of leasees' 



from each seal, some information maybe derived •^'^'"ages. 

 2716 37 



