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the Guardian -The Evening Patriot

Atlantic fishermen

WNTINUED FEDM PAGE ll-A

Dual governmem. mencies at preferred rates It interest. ’l‘o . considerable extent, the ex- tension of sud: credit. partl- .ularly larger loans for vessel construction. has been directed awards the development of particular types of ' caft for use in speciiic areas.

Under the Federal Fisheries Improvement Loans Act. loans q) to $4.000 made ov chartered banks. credit unions or Caisses Populaires may be subject to a partial guarantee a up in 15 per cent from the federil gov- ernment if a under :ertain conditions. Interest is at five per cent. For a Hummer ’I. roa- wiis. loans under r:th .est have been limited in number ul- chough a sulisiazitiil number of loans have been "title it] Print-e Edward Island and British Col- umhia. Under spevial wrmnn stances. financial assurance is granted to Eskimo and indwn fishermen by the department of northern affairs and the depart- ment of Citizenship and im- migration.

FEDERAL BANK

Fishing companies have. in a law instances. secured loans under the Federal Indiistiial Devolpment for major plant or vessel expanseon Mention as heat mad of credit unions and Caisse? Popu- Iaires. In certain areas. these credit age ' are prnvrciing a very substantial souri'o (.f credit within (the noting indus- ml Only

in rare instant-es has

The use of mid-es, graan and so forth plays .in important part in the fisheries develop- ment of many countries lr. ‘ . such devwes hav: nit been Widely used Anti-Dunn the wartime subsidizth )I \es'srl construction has antiviuell in effort in a lllltllv'I “v ill ll‘t Atlantic pruvuutn under lr-i: Fishing Vessel \wd IIT"L' it».- 1 L'AH’IIL\ 'if the Ilt'p.t7lflll‘ii - Fisheries This i“in uu- - flll"rl in fisliin; vr'xv-‘:\

if .n r vill- il'llll

6' in length up to on Irma tons built in the Atlantic prov- Knees,

SHIP BUILDING

ante provided since Itfil by In: federal department of transport for larger vessels ‘50 per cent of the approved cost of steel trawler-s over 75' in length to be (perated from Atlantic ports and 25 per cent of the approved cost of fishing vessels over 100 gross ns‘ is essentially :zs- sistance to the ship building in- dustry. In so far as fishing ves- vels are concerned. this form of assistance redures costs to ap- proximately the level of ini- ported vesses of the same type and class.

In the specific field of fislh eries development. the Industrial Development Service of the Fed- eral Department has been. since 1955. carrying out a program dfiigned,

llr to further the application

of ne _ fish cattliina. processing and marketing; and I2) to encourage exploration and experimental 5 ing with new or improved techniques. In carrying out this program, Oh rvice has assisted finan- cially through cost sharing ar- rangements with provincial gov- fisliernien tidi

bracing fish catching. processing and marketing. in other in- stances, the entire cost of - perimental or demonstration projects has been borne by the federal department of fisheries. The fisheries research board of Canada has a so been engaged in this work. particularly in the field of exploratory fishing for net" SlK‘f'lr‘\

SPECIAL ASSISTANCE

More spec-tamed forms of as- sistant-e to fishermen and the fishing industry woud include:

‘lv the federal salt assistance program under WIIICII producers of salted fish products in the ' prUVlnL‘Q‘a have , sltIt'c 195:3. a rebate of 54) per cent of the cost )I salt CON'I‘IVL’I‘II) ON PAGE '_2-

LF GARDEN

ao-Wavgm.mmr4<~rngg. mfg», was,» 2 V

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An artists conception of our new plant in Marge-town, due to come into operation Ill Mu) 195.3, Canada’s first fully integrated Fish and Vegetable processing op- eration looks forward To a healthy growth in This expanding area

P.O. BOX 250, GEORGETOWN

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'15-“

GREEN WATERS. A DRAGGER BUILT BY BATHIYRS’I‘ MARINE

"Welcome Delegates Fisheries Council of Canada"

LECKIE’S, YOUR MARITIME FISHING SUPPLY HOUSE

John [.0ch Limited offers a splendid

Assortment of nets. lines and twines. most of which bear the Knox Label 0‘ Quality. Also in stock are draggrr and marine hardware, trawl warps and natural and synthetic ropes.

Ready to serve the ever-expanding fishing industry

JOHN LECKIE LTD.

613 Barringron Street. Halifax Phone 423-6341

FOODS LIMITED

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Telegrams "Gulf Garden" Telephone Cardigan SI