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heretofore and to establish property rights in leasing the ocean bed . 

 out for development to encourage aquaculture and other marine opera- 

 tions on our Continental Shelf and along our coasts. Private industry 

 needs to have property rights established for it to commit funds. 



What is the situation in Connecticut with reference to aquaculture ? 

 Do you happen to know ? 



Mr. Clark. You see that I am a resident of Connecticut, I guess. 



Mr. Keith. That is right. 



Mr. Clark. Of course, the pollution situation is acute there. The 

 former clam and oyster beds are really declining to a point where there 

 is very little industry left. 



There are, I understand, some efforts being made to revive this up 

 along the northeastern part of the coast but it is still on a very low 

 key, I would say. 



I do know in Long Island, for instance, that there are a few oyster 

 farms you might say this might be aquaculture, oyster raising projects 

 going on there, but this is more on the New York side than on the 

 Connecticut side. 



I would like, if I may, to make a couple of observations on your 

 comments. 



No. 1, we in industry and in the investment community are very 

 encouraged that this committee has taken the initiative in holding these 

 hearings and to get the ball rolling. I think you are performing a very 

 important function here by holding them and we are delighted that 

 you are receiving and hearing representatives from industry in con- 

 nection with your deliberations. 



The other comment that I would like to make — ^you referred to the 

 Mohole project and the JOIDES, by Global Marine. That is what 

 resulted after the overall Mohole project was abandoned, that they 

 have found cores taken in the deep ocean waters that are very inter- 

 esting, very significant. And here is a very excellent example of where 

 a Government research project is providing valuable data to industry 

 that may eventually be of commercial use. 



Mr. Keith. Do you happen to recall how much money was spent on 

 Mohole before it was abandoned ? 



Mr. Clark. I do remember that the final cost estimates, if there is 

 ever a final cost estimate these days, ran into hundreds of millions of 

 dollars and the JOIDES project is perhaps finding a lot more out for 

 a lot less money. 



Mr. Keith. I wondered what the JOIDES project has reaped in 

 dollar value from the inheritance from Mohole. Your statement indi- 

 cated that there was a spinoff from Mohole that has some value and 

 you gave an illustration of how industry profits from such an effort. 



I would like to find that it is substantial but I would rather suspect 

 with reference to the $35 million or $40 million that was expanded—^ — 



Mr. Clark. I am not in a position, sir, to be able to detail what spin- 

 off there might have been from Mohole to JOIDES. 



Mr. Keith. By the way, with reference to aquaculture, I think that 

 that is a States rights responsibility at the moment. Most of the aqua- 

 culture effort is within the 3-mile limit. We have the same problem 

 in my district that you have along the Connecticut shoreline. 



We had an extraordinarily competent witness here yesterday or the 

 day before from the National Oyster Institute before Fisheries and 



