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Commissioners and a like number of alternates. Each Party will 

 pay for half of the joint expenses of the Commission, and for the 

 expenses of its own section. The Commission will receive 

 conservation and management information and recommendations from 

 Panels established by annexes to the Treaty, including the 

 Northern, Southern, and Fraser River Panels. The Panels will 

 consider information from the Parties and from the Joint 

 Technical Committees established pursuant to Annex IV, The 

 Parties will receive recommendations for fishery regimes from the 

 Commission. Each Party will promulgate and enforce regulations 

 to implement the agreed regimes. In the case of the fisheries 

 for Fraser River sockeye and pink salmon, in-season regulatory 

 authority will be exercised by the Fraser River Panel. 



THE EQUITY PRINCIPLE 



Two main principles govern the Treaty, As set out in 

 Article III(l), they are to conduct fisheries and enhancement 

 programs to prevent overfishing and provide for optimum 

 production, and to "provide for each Party to receive benefits 

 equivalent .to the production of salmon originating in its 

 waters"— the equity principle. The Parties harbor no illusions 

 that the equity principle will be simple to quantify. In 

 adopting this provision, the Parties, by Memorandum of 

 understanding to the Treaty, expressly recognize that levels of * 

 interceptions will vary annually and over time, that data on the 

 extent of interceptions in some areas are imprecise, and that it 



