374 FISHERIES ARBITRATION AT THE HAGUE 



to trade on the part of a vessel which does not conform to those 

 regulations; and the regulations against hovering, the regulation 

 which requires a trading vessel to come directly into the port in 

 which it is to trade would apply equally to any vessel that seeks 

 the privilege of trading which has also purposed to fish, as to any 

 vessel which has not. It is perfectly within the competency of 

 Newfoundland to say to any vessel which has not come direct from 

 port to port that it cannot trade. The moment the vessel apphes 

 for the trading privilege, it subjects itself to all the limitations 

 upon that privilege; and it must not have disquaHfied itself by any 

 conduct which is in contravention of those regulations. 



This concludes the Argument which I had in mind to make, and ' 

 I beg to express, on behalf of the counsel and the agent of the United 

 States, their very high appreciation of the attentiveness and con- 

 sideration and courtesy with which we have been received and heard 

 by the Tribunal. 



