AWARD OF THE IISHERY COMMISSION. 



2609 



* By Mr. Dana : 



Q. Instead of trying to estimate a charge to be made for the use of the 

 ship you call it "charter"? 



Sir ALEXANDER GALT. I understand that one side of the account is 

 made up from the books, and the other side is an estimate. 



By Hon. Mr. Kellogg: 

 Q. Do you find in the book the actual sales ? A. Yes. 



By Mr. Dana : 

 Q. You can go on with your statement. A. It is as follows: 



Number of vessels engaged during 17 years, from 18T8 to 1876, inclusive, in the Gulf 

 of Saint Lawrence mackerel fishery, excepting the years 1870 and 1871, when none 

 were sent, by George Steele, t of Gloucester, 107; average time employed yearly, 4 

 months 13 days ; average number of hands employed yearly for 17 years, 15. 



Stock charges, 17 years. 

 For bait, &c 



3,052 80 



Outfits and expenses : 

 Provisions for 15 men for 4 mos. 



13 days; in 107 vessels, 15 x 



133 x 107 x 40 cts. per day, 



for fuel, oil, and provisions. 85,386 00 



8,500 bbls. salt 8,500 00 



107 bait mills, at $15 1, 605 00 



Fishing-gear for 107 vessels, 



at $45 each 4,815 00 



Custom-house and port charges 2,140 00 

 Charter of 107 schooners, 4 



mos. 23 days each, at 200 per 



month 94,802 00 



Insurance on charter, $94,802; 



barrels, $30,000; bait, $48,- 



052; and outfits, $100,406; 



total, $278,160, at 4 per cent. 11, 126 00 

 " Skippership," or master's 



commission, on "net stock," 



.$355,780, at 4 per cent 14,231 00 



Catch, 17 years. 



33,645 bbls. mackerel $403, 832 86 



Less stock charges 48, 052 80 



Net stock 355,780 00 



Charterer for vessel's share. .. 177, 890 00 

 Crews' share 177,890 00 



355,780 00 



Charterers' expenses 222,605 00 



Charterers' share, or earnings 

 of vessel 177,890 00 



Loss 44,71500 



Charterer's loss on each vessel. 



Each vessel's earnings, as per 



vessel account below 



Actual loss yearly on each 

 vessel .. 



251 00 



167 00 



222,605 00 



DR. 



VESSELS' ACCOUNT. 



' 



To insurance on 107 vessels, 



$535,000, at 4 per cent $21,400 00 



interest on $535,000, at 7 per 



cent., 4 mos 14,05600 



taxes on $460,000, at $18 per 



year, for 4-J mouths 3, 037 00 



depreciation on vessels, 4^ 

 mos., 107 vessels, at $275 

 each 29,42500 



Balance to 107 vessels.. 



67,918 00 

 26,884 00 



CR. 



$96, 802 00 



96,802 00 



94,802 00 

 Net earnings of each schooner, $251. 



Q. The first part of that statement, I understand, assumes that you 

 are dealing with the charterer ? A. Yes. 



Q. The latter part shows what would be the result to the owner if he 

 would charter his vessels to some one else ? A. No. If the owner who 

 owned the vessel kept his account as well as the charterer. 

 164 F 



