Rational exploitation by the two methods of fishing seems to indicate 

 the trawlers should devote themselves exclusively to quick-freezing the fish, 

 permitting them to supply the European continent with fish landed in a fresh 

 state from the enormous reserves of the bank, while the line trawlers, by 

 reason of their selective fishing, should specialize in the production of salt- 

 ed cod. 



These vessels then, should be thought of as factory ships, utilizing all 

 by-products of the fishery, the wastes, after the extraction of oil and glue, 

 being used for fish meal and fertilizer. Moreover, they should have, be- 

 sides a freezing room for bait, freezing holds allowing preservation in a 

 fresh state of fish more valuable than salt cod, saving of these fish being 

 carried out only toward the end of the season, for fish preserved by freez- 

 ing holds its perfection and freshness, under the best of conditions, about 

 three months. 



Ill 



