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Mr. Edward Stephan, you are very kind to come, because I realize 
you have had relatively short notice. I might say you have shown an 
adventurous spirit, because there are those of vour colleagues in in- 
dustry who have declined to come. I would like to see the National 
Oceanographic Association come up with a statement, from the view- 
point of industry, because I don’t believe my proposals run counter 
to industry’s. The licensing system will mean they get all the benefit 
of exploitation with very minimum, presumably, or small fees, and 
with no possibility of piracy, as raised by one of the witnesses earlier. 
It would be to industry’s advantage, to have some law and order in 
this area, before it is like the Oklahoma land rush and the California 
gold rush. Thank you. 
Would you proceed as you will, Mr. Stephan. 
STATEMENT OF EDWARD C. STEPHAN, VICE PRESIDENT, OCEAN 
SYSTEMS, INC 
Mr. Stepan, Thank you, Mr. Chairman. My name is Edward C. 
Stephan. I am honored to appear before this committee in connection 
with Senator Pell’s resolution. I have not been authorized in any way 
to speak for U.S. industry as a whole. As you have indicated, Mr. 
Chairman, I have not had the opportunity to study resolutions S. 172 
and S. 186 carefully. I believe that ocean resources must soon play a 
major role in meeting the food and raw material needs of the world, 
particularly in view ‘of the projected population explosion. 
PARTICIPATION OF U.S. INDUSTRY 
I beheve U.S. industry should be a very important participant in 
the discovery and harvesting of ocean resources from both the ocean 
and the ocean floors. I am sure that U.S. industry’s role will be heavily 
dependent on strong and reliable assurances of protection of the 
tremendous investments that must be made and that are being made 
by U.S. industry to explore for and recover ocean resources. 
I believe that the good of the millions around the world, who will 
be looking to the sea for food and raw materials will be best served if 
national and international administration of ocean resources en- 
courage U.S. industry to continue to commit vast funds that are nec- 
essary to make these ocean resources available to mankind. 
As other witnesses have suggested, this is a complex subject. The 
President’s Council, and more particularly the Commission on Ocean 
Resources, largely as a result of congressional interest in the matter, 
are currently studying the problems of the national oceanographic 
effort. This study should shed much light on desirable international 
arrangements. 
i hope that the Congress will withhold action on this matter until 
they have the benefit of the report of the President’s Commission on 
Ocean Resources. I hope also that the Congress, under your leader- 
ship, Senator, will continue to indicate its concern with this problem 
and soonmlete the most rapid effective action of the study groups, 
so that you soon will have the benefit of their detailed study. 
Thank you, Mr. Chairman. I appreciate the privilege of expressing 
my views. 
