5885. Do you not always go upon the footing that 21/4 cwt. of green fish make 1 cwt. of dry?-No; we can make a calculation in order to get at the quantity of green fish which it takes to make 1 cwt. of dry.

5886. On what principle do you act in settling with the fishermen?-In settling with them we pay them the current price paid in the country.

5887. But you calculate that current price on a certain principle with regard to the quantity of dry fish produced out of green?- Yes.

5888. In settling with them, do you always go upon the footing that 21/4 cwt. of green make 1 cwt. of dry, or does that enter into the settlement with the fishermen at all?-Of course that enters into the calculation; but then we can know exactly what quantity of green fish it takes to make 1 cwt. of dry. It is generally about 21/4 cwt. It may be a few pounds less some years, but it is very seldom more than 21/4 cwt. We always reckon upon it taking 21/4 cwt. green of ling to make 1 cwt. of dry; but then the price which we pay to the fishermen depends altogether upon the price which we get from the fish dry, and we pay them the current price paid in the country.

5889. How is that current price ascertained? Is it by the sales of each fish-curer, or by the sales of all the firms in Shetland?- Fish-curers have generally to pay the same price, whether they get the same price or not; but there is not often any great difference between the price got by one curer and that got by another. For instance, we reckon, one 21/4 cwt. green fish to 1 cwt. dry: that, at 8s. a cwt., comes to 18s., and we pay the fishermen for the cwt. of dry fish. Then the actual cost of curing is reckoned at about 2s. 6d. per cwt. dry. That does not include waste of curing utensils and management; so that the actual cost of curing the fish would be nearly £3 a ton, or 3s. a cwt.

5890. You may sell these fish for about 23s.?-Yes; but there is more to be taken into the calculation than that. We get £6 from each boat for the hire of the boat and the lines; but that sum cannot cover the cost to us, and therefore we have a loss upon the boat and lines, which has to come off the fish also.

5891. Is that loss universal?-I think it is, because there is no more paid for the boats now than was paid twenty years ago, when a boat wore half as long again [Page 146] as it does now, and when lines that run for two or three seasons would run for five or six seasons.

5892. Is that difference caused by deterioration in the quality of the articles?-No; it is caused by the boats going further out to the fishing. They require larger boats and larger sails, and then the lines are getting more used and more worn.

5893. I was asking you how the current price is ascertained at the end of the year?-It is just ascertained in the same way as the current price of any other commodity in any other place would be ascertained.

5894. Do you correspond with other fish-curers in order to find out the price?-Yes.