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A reduction in interception levels would preclude a Party from 

 targeting on its own stocks. Plainly,, this would be contrary to 

 the Parties' objective. 



Therefore, to balance the concern with reducing 

 interceptions, Article 111(3) (b) further instructs the Commission 

 to consider a second important concept: the desirability of 

 avoiding undue disruption of existing fisheries. This protects 

 several United States fisheries from undue social or economic 

 dislocation as a result of equity adjustments. In the northern 

 boundary area, the example cited historic United States fisheries 

 targeting on United States stocks could not be shut down in order 

 to reduce interceptions. In the case of the Fraser River, a 

 fishery developed and managed jointly by the Parties since the 

 1930' s, Canada affirms that it has no intention of closing down a 

 historic United States fishery. Article 111(3) (b) provides these 

 fisheries an assurance that the Commission will seek to avoid the 

 social and economic dislocations of major adjustments. 



Finally, Article 111(3) (c) exhorts the Commission, when 

 performing -equity calculations, to note that seasonal variations 

 in stocks are anticipated, and therefore it is necessary to view 

 equity over the long term, based upon demonstrable trends, rather 

 than on short-term fluctuations. 



The United States section of the Commission has the 

 responsibility for developing proposals to correct equity 

 imbalances determined to favor the United States. Imbalances 



