. Commercial fisheries review. Fisheries; Fish trade. 60 COMMERCIAL FISHERIES REVIEW Vol. 20, No. 4 2. An initial investment of US$95,000 for working capital for the first year. 3. An estimated annual catch of 570,000 pounds of fish to be dried and sold at 19 U. S. cents a pound. Based on the above estimates, a yearly profit of 16 percent could be expected on the investment. If a fourth vessel was employed, the profit could be increased to 22 percent. Due to the fact that Haiti imports close to 18 million pounds of dried or salted fish yearly, the Government is anxious to develop domestic sour
. Commercial fisheries review. Fisheries; Fish trade. 60 COMMERCIAL FISHERIES REVIEW Vol. 20, No. 4 2. An initial investment of US$95,000 for working capital for the first year. 3. An estimated annual catch of 570,000 pounds of fish to be dried and sold at 19 U. S. cents a pound. Based on the above estimates, a yearly profit of 16 percent could be expected on the investment. If a fourth vessel was employed, the profit could be increased to 22 percent. Due to the fact that Haiti imports close to 18 million pounds of dried or salted fish yearly, the Government is anxious to develop domestic sources of fishery prod- ucts, states a December 17, 1957, dispatch from the United States Embassy in Port- au-Prince. Iceland MULTIPURPOSE TRAWLERS ORDERED FROM EAST GERMANY: The Icelandic Government has signed a contract with a shipbuilding firm in East Germany for 12 niultipur- pose fishing vessels of 250 British registered tons, the No- vember 22, 1957, Fishing News reports. This contract is a continuation of the trend in having ves- sels built in East Germany where there is a ready market for quick-frozen fish. The size and equipment of the vessels are in many ways novelties in Icelandic fisheries. Until now trawlers of 250 tons have been unknown in the fleet. Seiners and line-boats, also used in the deep-sea herring fisheries, have not usually been of more than 100 tons. Trawlers built since the war have not been under 500 tons. The decision to build a 250-ton vessel is the result of different desires on the part of fishing vessel owners--to have larger vessels for deep-sea herring and yet have small- er trawlers. Two Icelandic shipowners with the greatest interest in ac- quiring the smaller boats did so for entirely different rea-. A SCALE DRAWING OF THE NEW 250-TON FISHING SHI PS. sons. One living on the east coast had an interest in deep- sea herring fisheries between Iceland and the Faroes. The other, living on the northwest coast, wanted a light trawler to trawl just out
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