58 COLffluERCIAL FISHERIES REVIEW Vol. I3, No. 1+ 



To carry through the importation of fish from Iceland, the "Open Individual 

 License System" is to be applied. 



Fresh fish (except herring and frozen fish) fran Iceland may be landed in the 

 Federal Republic of Germany only during the period from August 1 to November 15. 



The Treaty provides reciprocsQ. most-favored-nation treatment and, in addition 

 to other conditions, payments for all commodities to be made in pound sterling 

 through the National Bank of England, London, as Iceland is a sterling-block country. 



No fishery products are included in the list of German exports to Iceland. 



* * * * * 



LOANS FOR TRAWLERS ; Loans to complete the financing of ten new trawlers which 

 are being constructed in the United Kingdom were recently granted the Icelandic 

 Government by two London banks. The present short-term loans total L350,000 

 ($980,000) and are supplementary to an initial 20-year loan of il, 250,000 ($3,500,000) 

 which was also negotiated with a London bank in July 1949.=' 



In a speecJh to the Althing (local parliament) on October I3, I950, the Minister 

 of Finance reported that the total cost of the ten trawlers, fully equipped with 

 up-to-date machinery, including fish-meal processing equipment, is J>1 ,724,000 

 ($4,827,200) excluding interest. These ten trawlers were ordered in I948 when it 

 appeared desirable to enlarge Iceland's fleet of so-called "reconstruction trawlers," 

 reports an American consular dispatch dated December 15, 1950, frcm Reykjavik. 



Ihese trawler purchases were first and foremost initiated by two of the largest 

 trawler centers in the country, Reykjavik and Hafnarf Jordur. Uie decision was based 

 on the premise that the old trawlers would be so costly to operate that it would be 

 impossible to continue their operations, as experience had already indicated. It 

 has become evident that the nimiber of trawlers operating from this country during 

 the coming years would be reduced if measures to purchase new trawlers were not taken. 

 These trawlers are now under construction in Great Britain, and will be completed 

 during the period October 1950-August 1951.^/ 



These trawler purchases were undertaken first and foremost at the instigation 

 of the major trawler centers in order to prevent a reduction in the trawler opera- 

 tions in these centers, and therefore it is presumed that these municipalities will 

 take over the trawlers ordered as soon as they are completed. 



VSEE COMMERCIAL FISHERIES REVIEW , OCTOBER 1949, PP. 47-48. 

 2/lBID, FEBRUARY 1951, PP. 55-56. 



Indonesia 



EGA FUNDS AIDING DEVBLOPlffiNT OT FISHERIES : For the procurement in the United 

 States of scientific instruments to equip a research fishing vessel, the Economic 

 Cooperation Administration on March 14 authorized an increase of $7,000 to a pre- 

 vious authorization of $8,000, making a total of $15,000 available for this purpose. 

 Tne research vessel was procured with EGA funds from the Netherlands for $130,000. 

 To procure equipment from The Netherlands and the United Kingdom, $3,000 was pre- 

 viously authorized. 



