404 



Mr. Waters. No. We are the users. We are anxious to have them 

 move ahead as fast as possible, or even faster. In fact, in our decision 

 to go ahead now with the planning for use of domestically produced 

 fish protein concentrate, some have felt we were putting the cart before 

 the horse, because right now we do not have the volume available that 

 we are willing to use. 



We felt committing a portion of our funds to buying fish protein 

 concentrate to blend with food available from the Commodity Credit 

 Corporation under Public Law 480 would give assurance to the 

 private industry to move ahead on larger scale planning of their own 

 activities and to expedite the production. Private industry would not 

 be able to move ahead vciy rapidly until they see an immediate market. 



We hope the market eventually will be a commercial market in 

 this country, but as an assurance to get started, we are earmarking out 

 of this fiscal year some $1 million to buy a fish protein concentrate 

 in this country to blend in with formulated foods that we are going 

 to distribute, which will in effect be a worldwide sampling device 

 to help introduce this new product and get it its acceptability through 

 school feeding programs and child welfare programs. Whether or 

 not we will have the availability of the fish protein concentrate by 

 the end of the fiscal year is one of the questions we have to face. 



Mr. Pelly. You do not knoAV wliether you have the money to finance 

 those programs. 



Mr. Waters. Even with our somewhat restricted funds this year, 

 we feel this is something we ouglit to make a start on. 



Mr. Pelly. I agree with you. I think this is a wonderful way in 

 which to help hungry humanity. 



However, I do not think we should develop foreign industries or 

 co-ops, or whatever they are, in such a way that they then can come 

 over and deplete the limited stocks of fish we have off our coasts. 



The Russians and Japanese now are fisliing off our coasts. Wo do 

 not want any more over here. As it is, we have to work out arrange- 

 ments and agreements with these countries to share fishery resources 

 and we are getting down to tlie bottom of the barrel in some of the 

 areas. 



Thank you, Mr. Chairman. 



Mr. Lennon. Mr. Pollock. 



Mr. Pollock. Thank you, Mr. Chairman. 



Mr. Waters, I am obviously concerned, as the gentleman from 

 Washington is, about this. It seems to me the real danger is that we 

 will end up financing these so-called food-deficient countries to develop 

 fishing techniques to compete with our own fishermen in our own 

 waters and have them sell in our own market and do it at a lower 

 price. It will create an economic disadvantage to us which is very 

 serious. 



I am not sure you answered my question before. How can you con- 

 trol this? If you finance a new freezer ship for the South Koreans, 

 as an example, are they not going to try to go into the most productive 

 waters in the world they can, and come right over into the waters 

 around Alaska? If they do this, it will be more economically 

 productive for them to sell in our market than to feed the people 

 you are trying to help in the first place. 



