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can't fish or only fish on such a limited number of days, they can't 

 hope to repay all that they had to borrow to that point in time. 



The general question for all of you is, what other steps would you 

 say would make a difference for you? We are talking about disaster 

 loans here. Certainly I think they are justified. Any other initia- 

 tives we can use to prod the SBA or another Agency on to say this 

 is how to make a difference, this is how to make sure people who 

 are in the fishing industry can support their families in the fishing 

 industry of the future? Certainly it is going to be more different, 

 more reliance on mackerel and other species than in the past. But 

 what other steps would you recommend for the SBA or other agen- 

 cies that we can help get through this crisis period? 



Mr. Calomo. I think that instead of buying out vessels and put- 

 ting them out of business, if we would take that money and put us 

 back into other businesses, like the mackerel and herring. 



I am going to get a little off that question. I know you are in a 

 rush, but I speak real fast as an Italian background. I want to tell 

 you this. My family chased mackerel for over 35 years, from the 

 Gulf of Maine to the Virginias, and now the mackerel — we talk 

 about natural disasters. The mackerel are so far offshore, no one 

 can believe it. My grandfather chased them the same route, my fa- 

 ther chased them and I chased them. We find the few mackerel 

 that come into Gloucester have spawned in March. My grandfather 

 and my father and myself before never saw spawned mackerel. So, 

 something is radically happening. 



When we talk about natural disasters, current changes, I am not 

 a scientist, but something is definitely happening. If we were to get 

 some funds appropriated to keep us in business and go into other 

 fields, I am sure we could survive. 



Chairman Torkildsen. Thank you. 



Mr. Kendall, any comments? 



Mr. Kendall. I think maybe one of the things we have to do is 

 look at making this science exact or more exact or as exact as we 

 can possibly make it and not just be reiving upon what little is 

 coming in and being told we have to accept this. 



There are several proposals being offered now. We have to make 

 sure we find a way to make sure this becomes a reality. 



I was referring earlier to a vessel that needs $15,000 to $20,000 

 to survive when it has an equity of probably $200,000 to $300,000 

 and can't find someone to loan it this money, which to me seems 

 absurd. That is not the only boat. That is the problem. 



Out of those 100 requests that I mentioned earlier to the New 

 Bedford Corporation — I believe the number that I cited earlier — out 

 of all that were funded, we have had one failure to date, even with 

 everything going against it. 



When they are given a chance to survive, they do their best to 

 do it and do their best to pay back the monies they have borrowed 

 to get to where they are. So, I say try to give us a chance to survive 

 along with the stocks and we will do our best with it. 



Chairman Torkildsen. Thank you. 



Mr. Ciulla, Mr. Buccheri, any further comments? 



Mr. Buccheri. What we need is to, again, look to diversify. We 

 need long-term debt restructuring. We need to diversify into other 



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