AWARD OF THE FISHERY COMMISSION. 2905 



carried that year 50,000 barrels of mackerel and held them right along 

 at the high prices at the prices they were nominally on the market ; 

 but no sales were made after January or February. 



Q. Did you not expect the prices to fall when British fish were ad- 

 mitted T A. I did not consider the British fish at all. 



By Mr. Dana : 



Q. In keeping an account for a vessel either by the trip or month, you 

 charge to that mouth or that trip the expense that has been incurred 

 within that period ; of course, the benefit may extend over the next 

 trip ? A. Yes. 



Q. For instance, in this account the spar-maker's bill is very small, 

 while the sail-maker's bill is rather large ; in the next trip the accounts 

 might be reversed ? A. The accounts of our other vessels all through 

 the whole year, and the profit or loss on the vessel, will not be deter- 

 mined till the end of the year. This, however, was a vessel of which 

 the master owned half, and he had his voyage always made up when it 

 was completed, whether from the Banks or Newfoundland. 



Q. In keeping an account of a vessel, it would be difficult and too 

 much a matter of speculation to distribute the cost of a jib or jib-boom 

 over two or three trips, and calculate the percentage 7 A. Yes. 



Q. To keep such an account would be an impossibility ! A. It would 

 be very difficult. 



Q. So you charge to each trip the expenses incurred on that trip } 

 A. We usually go over the debit and credit accounts as they stand in 

 the ledger about three times a year. There is no settlement made, but 

 we ascertain the condition of the vessels, for instance, in May, August, 

 and October, and we tak,e that into account in our future calculations. 



Q. You make those inquiries for your own benefit ? A. Yes ; in the 

 management of our business. 



By Mr. Foster : 



Q. Did you look over Major Low's account of Pharsalia ? A. No. 

 By Hon. Mr. Kellogg : 



Q. In regard to the register of vessels and ownership, I did not quite 

 understand, you. For instance, a corporation and partnership, as you 

 are, you are obliged to have your vessels owned by individuals, in order 

 to have them' registered ? A. The partnership business is a business 

 where we are on equal terms. The vessels we own are registered by us 

 as owners. 



Q. Do you own them individually? A. We each own parts of differ- 

 ent vessels. All three own parts in the same vessel ; but iny father 

 owns more vessels than I do, and I own more vessels than my brother. 



Q. I thought they were owned separately. The company owns them, 

 but they are registered by the individual partners ? A. The company 

 does not own them as a company, but they are owned by us as indi- 

 viduals. 



Q. The register is in individual names ? A. Just as they are owned. 

 The register shows the owners. 



By Mr. Davies : 



Q. Do licensed fish ing- vessels require to enter at the custom-house,, 

 or are they exempt ? A. They do not require to enter and clear after 

 they are licensed, unless they are doing foreign trade. 



Q. When they confine themselves to legitimate fishing they are not 



1 aired to enter or clear ? A. No. 



