2550 AWARD OF THE FISHERY COMMISSION. 



Charter of schooner, 4 months, at $250 1,000 00 



Insurance on charter and outfits, including with above barrels 400, and bait 



320 $2,605, at 4 percent 104 20 



Skippership or master's commission on net stock $3,780, at 4 per cent 151 20 



Total expense account, without interest 2, 215 40 



CATCH. 



200 bbls. of No. 1 mackerel, at $16 $3,200 00 



100 bbls. of Xo. 2 mackerel, at $10 1,000 00 



100 bbls. of No. 3 mackerel, at 6 600 00 



Gross stock 4.800 00 



Less stock charges 1,020 00 



Netstock.. 3,78000 



Amount of charterer's half , 1,890 00 



Amount of crew's half 1,890 00 



Total net stock 3,780 00 



Crew's half 1,890 00 



Average share (16 hands) 118 12 



Charterer's expenses ....: 2, 215 40 



Charterer's receipts 1,890 00 



Loss, without 4 mouths' interest on outfits 325 40 



DR. VESSEL'S ACCOUNT. CR. 



1877. To insurance on $7,000, four By charter $1, 000 00 



months, at 4 percent. $28000 

 Taxes on $6,000, four 



mouths, at $18 per 



thousand 3600 



Interest on $7,000, four 



months, at 7 per cent. 



per annum 163 33 



Depreciation on vessel, 



four months . . 300 00 



779 33 

 Gain on charter . . . 220 67 



1,000 00 1,000 00 



Q. Would 10 per cent, per annum be a fair charge for depreciation on 

 a fishing- vessel ? A. I think so ; it would be under rather than over 

 actual depreciation during that time. 



Q. Suppose a man owned a vessel and engaged in business with her, 

 or chartered her, during how many mouths in the year can he expect to 

 earn money with her; can he so earn during the whole twelve of the 

 months ? A. She will have to be laid up for three or four months in the 

 year, sometimes longer or not so long ; but, speaking generally, this will 

 be the case for four months. 



Q. Then a vessel that is chartered would not earn charter- money for 

 more than nine months in a year ? A. This would not be the case for 

 over nine mouths and perhaps it would for less than that. 



Q. Chartered at the rate of $250, a vessel would earn $2,250 a year. 

 What insurance would the owner have to pay to cover him on a vessel 

 worth $7,000 for nine months in the year, while under charter ? A. 

 About 7 per cent., I think. 



