15,978. I think in your previous evidence you referred to the lease to Spence & Co. in Unst, and expressed a sort of regret that it had ended in a monopoly?-Yes.
15,979. There has been a good deal of evidence given before me to the effect that a monopoly of that kind is beneficial, and that it is wholesome, mainly in preventing small shops from springing up in large numbers, and that it requires a large capitalist to develop the resources of the country properly: is that so?-That is perfectly true: but a merchant or any one who says that should recollect that except for the capital of the poor fishermen they could not carry on the business themselves.
15,980. Are you aware whether the fish-merchants generally are men of large capital?-I should say that they cannot be, from this fact, that they would readily pay the men in cash which they get, and which in the month of August must amount to about £40,000 due to the men, if they had it.
15,981. Is that merely an inference which you draw from the practice which prevails?-Yes.
15,982. But have you any personal knowledge on the subject?- Yes. Perhaps it would not be fair to mention the names of the firms, but I know several firms who have commenced within the last few years with no capital, and who are carrying on a business which in the south would require an enormous capital. I know it is alleged by merchants generally that they do not consider they are trading upon the poor man's capital.
15,983. I suppose you speak of the merchants trading upon the poor man's capital, in this sense, that they do not pay for the fish which is in their hands until about the time when they get their returns?-Exactly; that they neither are merchants nor agents. They are not merchants, because they do not pay the men for the raw material, and they are not agents, because they do not give them honestly their account sales.
15,984. Are you aware of the practice existing in Shetland, that the proprietors in many cases receive their rents from the fish-curers?-Yes. During the first year or two that I settled for Major Cameron, I got many cheques from the fish-curers.
15,985. Was that for the whole amount of rent due by a number of fishermen?-Yes, either that, or each man would bring his separate cheque; but in a great many cases in Shetland the fish-curer just pays it slump, or what is called guarantees it.
15,986. That is not an actual guarantee; it is merely an arrangement by which the fisherman, for the convenience of all parties, is debited in the fish-curer's book with the amount of rent which the fish-curer pays to the landlord?- True; but in it great many cases, as I have previously stated, I think there is a chronic balance against the men, which balance, I think, if looked into, would generally be found to be composed to a great extent of advances of rent for the next year, which practically thirls the men on to them, but which has no right to go through their books at all.
15,987. Are you aware whether the fish-curer is induced to make that advance of rent by the consideration that he holds his own premises from the landlord, and might be charged a higher rent, or lose some other advantage, if he did not do so?-Most assuredly. There is no doubt that, if they were thrown open, the rents of the business premises would double themselves throughout the country.