425 
This attitude of neglect changed radically in the postwar period. 
During the reconstruction years, large outlays of rubles were made 
for new fishing vessels as well as for the repair of damaged ones. 
Budgetary allocations during the first post World War II plan 
(1946-50) were 7 times greater than during the entire prewar and 
wartime period from 1928-45 (table 5). 
TABLE 5.—U.S.S.R. CAPITAL INVESTMENTS IN THE FISHING AND FISHERY SUPPORT FLEET: BY 
PLANNING PERIODS (1928-1975). 
{In million rubles] 
Capital Percentage of 
investment Increase over increase over 
by planning _ prior planning prior planning 
Planning period period period period 
(OVA Shas ee ee hee ee eee Cae et 31.0 N.A. N.A. 
NAG = Olas ee peek eek Op oe 2 ‘Achy eg pean tS 218.0 187.0 603.0 
(TS9)5) [k==)S) oa a ai, A A De a 386.0 168.0 77.0 
[LES O=6Oee | eS. Wea Soy Se ee Saye 933.4 547.4 141.8 
IDO HGS) Less SS ae eee ena een eee 1,346.3 412.9 44.2 
ISCSH7D) ae ee ea 0 eee fie ene ae 2,484.0 1,137.7 84.5 
NS NS USis = Ss 3s BE hE aS Pe SE ERs a ee 1 3,000.0 1516.0 120.8 
Rita leeway soe en ah Se ie 8239897 (©) igh = ees. OTE get eee: ee 
1 Estimate. 
Soviet capital investments in the fisheries fleet grew rapidly until, 
during the 1966-70 5 Year Plan, they amounted to almost 2.5 billion 
rubles, or U.S. $2.8 billion (calculated at the 1970 exchange rate 
of $1.11 to 1 ruble). The annual sum of U.S. $560 million, invested 
in the construction of new fishery vessels during that planning period 
is by far the largest amount any government or a group of private 
companies, or both combined, have allocated for such a purpose. 
Data on capital investments earmarked for the fishing fleets in the 
free-enterprise countries are difficult to obtain, but they are estimated 
to be far below the sums the Soviets have been spending during 
the last decade. 
Capital investments in the fisheries fleet have recently been growing 
at a rate almost double that of other Soviet capital investments. During 
the 1966-70 plan, for example, the Soviets invested a total of 501 
billion rubles in the economy, or 42 percent more than during the 
previous 5-Year Plan 1961-65. The investments in the fisheries fleet, 
however, were 85 percent greater than during the 1961-65 plan.”° 
The investment estimates for the current 5 Year Plan were obtained 
by calculating that about 70 percent of total fishery investments, esti- 
mated at over 4 billion rubles, will be allocated for the modernization 
and expansion of the fisheries fleet. This percentage may be somewhat 
high in view of the recent trend to invest more in fish-processing 
plants and machinery, but on the other hand, it is hard to imagine 
that hundreds of large vessels, added to the Soviet fishery fleet during 
the last 5 years could cost much less than 3 billion rubles. 
20 Sysoev, N. P. Ekonomika rybnoi promyshlennosti, Moscow, 1972. 
