NORTH ATLANTIC COAST PISHBEIES ARBITRATION. 118 



After more than three months of uninterrupted work a sentence 

 has been pronounced which is destined to put an end to controversies 

 of almost secular standing, involving not only great economic, but 

 still more important political questions and interests. 



During three months the temple of international arbitration 

 134 has been open and in three weeks it will be opened again; 

 while two new arbitrations are already in preparation. 



So that it seems that one of the features of a really Permanent 

 Court of Arbitration is already established, as such a Court was 

 proposed at the Second Peace Conference in 1907 by the two Powers 

 which are the Parties in the present litigation, that is, the feature of 

 continuity in the WMjk, though the personnel of the Court may 

 change. 



It is not to be expected that at first sight the Award which has just 

 been read will entirely satisfy either of the Parties, especially if it is 

 considered not as a whole, but in its different parts. 



In questions so complicated and involving interests so conflicting 

 and important it is not likely that the right should be all on one 

 side. The Tribunal has endeavoured to find out w^iere the right is 

 in every special point according to the conviction at which it arrived 

 on the basis of a most careful and conscientious examination of the 

 whole matter. We hope and are of the conviction that, if not at the 

 first moment, yet certainly after a reasonable time, both Parties will 

 agree that the solution is fair, just and equitable to both of them. 



Before concluding, I consider it my duty to renew the expression 

 of our thanks to the Secretary-General, Baron Michiels van Ver- 

 duynen, and the First Secretary of the Court, Jonkheer E,oell, for 

 all the pains they have taken and the assistance they have afforded 

 us, and also to Messrs. Charles D. Wliite and George Young, Secre- 

 taries of the Tribunal. 



I avail myself of this opportunity to thank Messrs. van Langen- 

 huysen Brothers, printers at The Hague, for the expeditious and 

 precise manner in which they have executed the difficult printing in 

 a language foreign to their employees. 



And now I beg the Secretary-General to deliver the originals of the 

 Award, signed by the Arbitrators, to the Agents of the Parties. 



The Secketary-General then handed to the Honourable Chand- 

 ler P. Anderson, Agent of the United States, and to the Honourable 

 Allen B. Aylesworth, Agent of Great Britain, the Award of the 

 Tribunal destined for their respective Governments, 



The Court adjourned sine die» 



