70 



who have invested a great deal of time and many resources in this 

 process. 



Even more blatant is the overturning of the Pacific Fishery 

 Management Council decision-making process-a body not known for 

 cavalier responses. 



Even though the allocation decision has been modified, the 

 estimated losses to the shore-based processing industries and other 

 coastal community bxisinesses may still approach $25 million, according 

 to independent estimates. This includes $4.5 million to fishery 

 harvesters, $11 million to processors, $2 million to fish meal plants, and 

 the residual loss to the local community and secondary processors of 

 some $6.5 miUion. 



The losses are not limited to the local economy, either. Sea-based 

 fisheries and processors do not pay landing fees or taxes. The state of 

 Oregon is losing monies invested in this industry to off-shore allocations. 

 Others presenting testimony will document these losses in greater detail. 



Many coastal communities and firms invested capital in equipment 

 and processing capacity based on a projected availabihty of Pacific 

 Whiting. I am greatly concerned about the effect of the recent decisions 



