3856. You say in your statement, that the men are quite safe with the arrangement to get the current price at the end of the season for their fish: 'They know the competition between curers all over the islands is so keen, that they are secured to get the highest possible, price that the markets can afford. Any curer that can offer a little advantage to the fishermen over the others is certain to get more boats the following year; and this is carried so far, that men with limited capital, in their endeavours to obtain a large share of the trade by giving credit and gratuities, in one way and another leave nothing to themselves, and the end come to grief:' is that a common thing in the islands?-It is not common, but it does happen occasionally.
3857. Has that any connection with a statement which was made in the evidence given in Edinburgh, about the necessity which a merchant was under, to have a large amount of bad debts in order to succeed in business?-I daresay it has.
3858. I suppose that refers to the same sort of dealers men with limited capital, who push their business by giving the fishermen an advantage in that way, and who were said to come to grief from having too few bad debts?-Yes.
3859. Do you suppose the gentleman who gave evidence to that effect, and which you have criticised in another part of your statement, was referring to the same cases that you are there referring to?-I am not referring to any particular case in that statement. It is only afterwards that I mention evidence. In this case, I say that a man with small capital who gives too large advances to the fishermen, which they cannot repay, is very likely to be unable to pay his own creditors.
3860. When you speak of him giving too large advance, do you mean in the shape of supplies of going out of his shop?-Yes; and giving too many gratuities to the fishermen, so that they have all the profit, and he has none.
3861. What do you mean by gratuities to fishermen?-Fees, and other inducements to fish, besides the regular current price.
3862. Is that both in the home and Faroe fishing?-Not in the Faroe fishing. I refer to the home fishing only.
3863. Then in the home fishing there is sometimes an arrangement to give fees to the fishermen in addition to the current price?- Yes. For instance, the skipper of a boat, being the most experienced man of the crew, generally gets a small fee; and there are other gratuities paid, which differ at different stations.
3864. These gratuities are given in order to secure the fish of a large number of fishermen?-Yes.
3865. Have you cases in your mind at present, which these gratuities, and the excessive advances in goods, have led to the failure of people entering into the trade for the first time?-In making this statement I had particular cases before my mind; but such do happen occasionally through the islands.