DOCSLIB.ORG

Conference on Fishing Vessel Construction Materials

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Conference on Fishing Vessel Construction Materials 328 CONFERENCE ON FISHING VESSEL CONSTRUCTION MATERIALS concentrate our analysis on the life-cycle costs of the Boats of Unequal Capability systems. In this, we must recognize invested costs as well as operating costs, and we also must recognize taxes and the The preceding section deals with cost studies in which time-value of money. Two widely accepted (and practically competing designs promise equal incomes. There will be equivalent) economic criteria are used for this purpose: cases, however, where we must recognize differences in average annual cost, AAC, and present value, PV. If we annual income. We then consider each proposed boat as an assume uniform annual costs of operation, Y, then finding investment and aim our study at finding the one that the average annual cost simply involves adding those costs promises the highest yield. By "yield", we refer to the to the annual cost of capital recovery: profitability of the operation, expressed as an equivalent rate of interest. This is a widely-used concept, which goes AAC = Y + (CR)P under many other names, such as discounted cash flow rate where P = initial investment of retum, DCF; profitability index PI; and equated interest and CR = capital recovery factor based on expected life rate of retum, EiRR. In those cases where after-tax returns of the boat, owner's stipulated yield, and tax. are uniform (as they may be with straight-line deprecia- In calculating annual operating costs, we specifically tion), finding yield is very simple in principle — if we are exclude depreciation allocations and any interest paid to a also willing to assume that the entire investment is made in bank; both are recognized, however, in arriving at the a lump sum upon delivery of the boat. First we divide the capital recovery factor (as explained in the section on after-tax returns, A', by the initial investment, P. This gives taxes). Establishing a suitable yield, is an important first us the venture's after-tax capital recovery factor, CR': step and one that deserves elaboration. It involves some CR' = matters of opinion and its value has a strong bearing on the final outcome. Reference (8) discusses the question of We then go to Table 5 and find the yield, i', that reasonable levels of yield. This requires business judgement corresponds to the derived value of CR' and number of and would normally be set by management. Considering the years, N. If, in addition, all alternatives have equal lives, we risks of the fishing industry, I should judge that the can skip the last step; the alternative with the highest CR' stipulated level would normally fall between 12% and 20%, will automatically have the highest i'. Indeed, to make the the latter figure being appropriate to countries where task even simpler, we need only find the capital recovery investment capital is relatively scarce. factor before tax, CR: A The present value criterion, as its name implies, is found CR = by taking the present value of all projected costs discounted in which A = annual retum before tax. This shortcut is valid to the present. To simplify our work, we may define "the under our assumptions of equal lives and uniform after-tax present" as the time of delivery of the ship. Thus, the initial returns. The alternative promising highest CR then also investment, P, occurs at time zero and is used without promises highest CR' , which in turn promises highest i'. discounting. All other costs are discounted, however, in a degree commensurate with their time of occurrence and There will, of course, be many cases where after-tax with some appropriate interest rate. If we again assume retums are not uniform. Finding yield then requires trial uniform annual costs, we would have this expression for and error to determine that interest rate that will bring the present value, PV: present value of all cash flows (including the investment) to zero. Figure 2 and Table PV = P + (SPW)Y 6 (columns 1 and 2) show an imaginary cash flow forecast for a proposed fish boat. The where Y = uniform annual costs of operation investment is spread over two years and the annual after-tax and SPW = series present worth factor. returns vary because of such factors as declining-balance depreciation, non-uniform trends in revenue or operating As before, the operating costs are exclusive of any costs, occasional major rehabilitation costs, and income allocations for depreciation or interest. The series present from disposal after 15 years of operation. Let us assume worth factor is simply the reciprocal of the capital recovery that we want to find the resulting yield for comparison factor, the derivation of which has already been explained. with other proposed designs. As shown in Table 6, columns Again, the numerical value of these factors must recognize 4 and 5, we first guess at an interest rate (in this case 10%) the owner's need for reasonable profits after tax. and use Table 3 to find the corresponding present worth Harry Benford 329 factors for entry into column 4. The individual present values in column 5 (which equal column 2 times column 4) soo add up to a positive net amount. This indicates that the 400 initially guessed-at interest rate of 10% was too low. So we 300 4/../ next try a higher figure: 12% (columns 6 and 7). The net 0 present value is still positive, so we try yet higher: 13% S 2004. (columns 8 and 9). Now the net present value is negative, so AR we know that the yield must fall between 12% 100 and 13%. DOLL The interpolated value is 12.1%. We are now ready to OF I 2 i Er repeat the process with the next alternative design, seeking 4 5 6 e 8 9 10 11 12 13 14 15 16 17 S YEARS that which promises the highest yield. ND (100) SA U (200) The dashed line in Figure 2 shows the cumulative cash THO **'..`"" PAYBACK PERIOD 7.7 YEARS flow. Its intersection with the baseline indicates the (300 ) payback period, or time required to regain the investment. i 01 Payback period is a crude measure of merit at best, but it (400) \ I deserves consideration when future conditions are particu- (500) V larly unsettled. Another popular economic criterion is the net present value, NPV. If you will refer back to Table 6, you will FIGURE 2 CASH FLOW DIAGRAM notice that we found the net present value of the projected cash flow for each of three arbitrary interest rates. In normal use, NPV involves the use of an assigned interest Table 6 Cash Flow Summary for a Proposed Fishing Vessel (1) (2) (3) (4) (5) (6) (7) (8) (9) ./ .1 j 1 = 10% i = 12% i' = 13% Cumulative Present • Present Cash Cash . (' -N) Year Flow Flow (PW--N) Value (PW-e-N) Value Value $ $ $ $ $ 1 (190,000) (190,000) 0.909 (172,710) 0.893 (169,670) 0.885 (168,150) 2 (320,000) (510,000) .826 (264,320) .797 (255,040) .783 (250,560) 3 140,000 (370,000) .751 105,140 .712 99,680 .693 97,020 4 120,000 (250,000) .683 81,960 .635 76,200 .613 73,560 5 110,000 (140,000) .621 68,310 .567 62,370 .543 59,730 6 85,000 ( 55,000) .564 47,940 .507 40,560 .480 40,800 7 70,000 15,000 .513 35,910 .452 31,640 .425 29,750 8 20,000 35,000 .467 9,340 .404 8,080 .376 7,520 9 60,000 95,000 .424 25,440 .361 21,660 .333 19,980 10 55,000 150,000 .385 21,175 .322 17,710 .295 16,225 11 50,000 200,000 .351 17,550 .287 14,350 .261 13,050 12 45,000 245,000 .319 14,355 .257 11,565 .231 10,395 13 45,000 290,000 .290 13,050 .229 10,305 .204 9,180 14 40,000 330,000 .263 10,520 .205 8,200 .181 7,240 15 40,000 370,000 .239 9,560 .183 7,320 .160 6,400 16 35,000 405,000 .218 7,630 .163 5,705 .142 4,970 17 75,000 480,000 .198 14,850 .146 10,950 .125 9,375 Net Present Value 45,700 1,585 (13,515) Note: Parentheses indicate cash outflows. 330 CONFERENCE ON FISHING VESSEL CONSTRUCTION MATERIALS rate that represents management's opinion of what con- Miscellaneous Considerations stitutes a minimum acceptable level of profitability. This is often called the cut-off rate. Its value is somewhat There are several important comments that apply to any arbitrary. As a minimum, it will be at least as high as the ofthe aforementioned methods of economic analysis: organization's cost of capital. Some managers will set it perhaps 2% higher. Cost of capital is simply the weighted 1. A most important calculation is that of the initial average of interest paid for debt capital (bank loans) and cost. You will, however, find surprisingly little help equity capital (from sale of stock). Typical figures for the in the literature. References (17 and 18) are of some cut-off rate in Canada and the United States range from 8% benefit, but leave many questions unanswered. If we to 11%. are to malce meaningful progress in systems analysis, we must persuade cost estimators to publish the Solving for NPV is not difficult. If the assigned cut-off contents of their little black books. We must also rate is 10%, for example, we need only go through the carry out research in new ways to estimate costs.
Load more

Recommended publications
  • Fish Expo a Hit with Exhibitors, Attendees Page 3 Nova Scotia's
    Volume 34 • Number 2 • February 2017 Pictou, NS • $2.00 + HST per copy Fish expo a hit with exhibitors, attendees Nova Scotia’s winter sportfishing season Center for Aquaculture Tecnologies page 3 now open Canada celebrates a world’s first page 5 page 9 Page 2 • Atlantic Fisherman • February 2017 www.atlanticfisherman.com FREE SATELLITE PHONE KEEP YOUR BUSINESS CONNECTED The most affordable satellite voice and data solution for your business. Manage your business on the open water from beyond cellular service. Remain connected to co-workers, family and loved ones without breaking the bank. $499 SAT PHONE Visit Globalstar.com/atlanticFREE8 * to take advantage of current FREE FREE SATELLITE PHONE OFFERS. *Limited time offer. Terms and conditions apply. For offer details, visit Globalstar.com/atlanticFREE8. 124313 www.atlanticfisherman.com February 2017 • Atlantic Fisherman • Page 3 Marine diesels were a prominent component of the latest Spartan Industrial Marine took full advantage of the Eastern Eastern Canadian Fisheries Exposition and New Way certainly Canadian Fisheries Exposition to showcase its complete line saw its share of interest from attendees. of products and services. Fish expo a hit with exhibitors, attendees YARMOUTH, NS – Canada’s lon- The 2017 edition of the show once ing individuals who work or have advocates, organizers, boat builders, etc. gest-running, most successful commer- again featured an educational seminar worked on the water in any marine This year’s inductees were: cial fishing show, the Eastern Canadian series, with topics including:“Financing industry;Processor, recognizing indi- Processor — Edgar Samson from Pe- Fisheries Exposition, returned to the an Enterprise” by Neil Pardy, senior viduals involved in the business of pro- tit De Gras, N.S.
    [Show full text]
  • Review of Burleson
    BOOK REVIEWS Stephen Fisher (ed.). Recreation and the Sea. common thread in Waltons case studies of Exeter: Universi ty of Exeter Press, 1997. ix + 181 Brighton, Nice, and San Sebastian, and Cusack pp., figures, maps, tables, photographs. £13.99, and Ryan both recognise its role in the develop- paper; ISBN 0-85989-540-8. Distributed in No rth ment of yachting. On a more practical level, America by Northwestern University Press, improvements in transpo rtation — from steam- Evanston, IL. boats to trains to automobiles — encouraged mass tourism and permitted the emergence of seaside This is a collection of six essays originally pre- resort towns and even resort "clusters." [Walton, sented at a 1993 conference organised by the 46] With the onset of mass tourism, advertising Centre for Maritime Historical Studies at the assumed a key role, as Morgan makes clear for University of Exeter. John Travis writes on Torquay. As for image, Walton and Morgan both English sea-bathing between 1730 and 1900; argue convincingly that, at least until 1939, local John Walton looks at the spread of sea-bathing communities had a large say in how they wished from England where it began to other European to be portrayed to potential visitors. centres during the period 1750 to 1939; Paul There is little with which to quibble in this Thornton provides a regional study of coastal fine collection. Travis offers no explanation for tourism in Cornwall since 1900; Nigel Morgan the nineteenth-century transition in bathing examines the emergence of modern resort activi- circles from a medicinal focus to an emphasis on ties in inter-war Torquay; and Janet Cusack and the physical activity of swimming, though he Roger Ryan write on aspects of English yachting admits that this was "a fundamental ch ange in the history, the former focusing on the Thames and bathing ritual." [16] Citing Perrys work on Corn- south Devon, the latter on the northwest.
    [Show full text]
  • 1964 Graduates of Lunenburg Academy
    Congratulations and Best of Luck to the 1964 Graduates of Lunenburg Academy from p WERS BR S. LTD. The Atlantic Provinces' oldest Plumbing, Heating and Hardware Firm Lunenburg, Nova Scotia OUR STANDARDS OF QUALITY AND SERVICE HAVE BEEN MAINTAINED FOR 90 YEARS. WE ARE PROUD OF OUR ACHIEVEMENTS IN THE FIELDS OF PLUMBING, HEATING, AIR CONDITION­ ING, VENTILATION, HARDWARE, CUSTOM AND MARINE SHEET METAL PRODUCTS. ESTABLISHED 1874 PHONE 634-8892 a member of the Canadian Plumbing and Mechanical Contractors Association u Two established and progressive Canadian companies-The Eastern Trust Company (incorporated 1 893) and CharteredTrust Company (incorporated 1905) -have joined fol'ces in the nation-wide EAsTERNfd CHARTERED TRUST COMPANY We invite you to visit your nearest Eastern & Chartered Trust Company office, whether you are interested in a savings account, investment, real estate or any other financial matter in which a highly organized and efficient company can help you. 'EAsTERNii CHARTERED TRUST COMPANY FRED W. CHENHALL, 36 King Street, LUNENBURG, N. S. Plan Now To Attend The 1964 NOV A SCOTIA FISHERIES EXHIBITION & FISHERMEN'S REUNION Septm.nher 15th - 19th Ind. "The Mardi-Gras Of The Sea" -:- IN ••• DAVO • em At �M NS-SfAR� Shop and Save the Catalogue Way at Simpsons�Sears Order Office in Lunenhurg ,o:r R[·id�ewater - CHEV. - OLDS. - CORVAIR - ENVOY - - CHEV. TRUCKS - "A Complete Service For Your Car" ASK ABOUT OUR G. M. FACTORYG. M. MAINTENANCE TRAINED PLAN MECHANICS 634-8881 PhoneALSO VISIT OUR and IRVINGUSED Service CAR LOTSTATION "Where CustomersBridgewater Stop and RoadSeTvice Begins!" OPEN Daily 8 A.M. - 10 P.M.
    [Show full text]
  • The Nova Scotia Small Craft Survey David A. Walker and Marven E. Moore
    The Nova Scotia Small Craft Survey David A. Walker and Marven E. Moore Introduction The Small Craft Survey of Nova Scotia represents a significant effort to salvage the remains of a vital element of the province's maritime heritage.1 Unlike the large merchant vessels of the last century, the small craft upon which Nova Scotia's maritime economy has long depended have not been accorded much historical respect. Ironically these craft, so much a part of any harbour scene, were seldom the subject of paintings, photographs or reminiscences. It is as if they were so common that they escaped notice. Evolving to meet local demands and to fill specific functions these boats reflect the skills and traditions of generations of Nova Scotians. Yet most of the traditional types of boats that were once so numerous are now endangered. Some have vanished forever due to technological advances, revised government regulations and new fishing methods. Still more alarming is the lack of data or reliable recollections of builders and owners. One of the most compelling reasons for this survey was thus the fragility of this valuable, yet oft-overlooked, historical resource. As one of two major maritime museums in Nova Scotia, the Maritime Museum of the Atlantic has a responsibility to collect, research, preserve and interpret the province's small craft. The curatorial staff saw the survey as an opportunity to improve its fundamental approach to fulfilling this broad mandate. Prior to the survey the collection included seventy boats from fifteen to thirty feet in length. Decisions to acquire them were based upon the curatorial staffs knowledge of their historical and geographical importance, use and condition.
    [Show full text]
  • The Last Logbook of the Orca II
    1 The Last Logbook of the Orca II The building blocks of archaeology are the artifacts made or modi- fied by humans. Seldom, however, do such artifacts of past behavior arrive in the present unaffected by time and the host of changes time carries with it. This is as true—and in many cases much more so—for an artifact created just forty years ago as it is for a stone tool fashioned millions of years ago. The actual artifacts from a Holly- wood movie seldom survive as long as the celluloid movie in which the artifacts appear. Major artifacts and support vessels from the filming of the 1975 Hollywood blockbuster film Jaws were purchased after the produc- tion by a local boat captain and taken to a remote stretch of shore- line opposite the small fishing village of Menemsha on the island of Martha’s Vineyard, Massachusetts. Key among these items used in the movie was the fiberglass copy of the fishing boat Orca. This copy, called Orca II, remained on the shoreline for decades, becom- ing the object of increasingly brazen predation by rabid fans of the movie, who eventually stripped the site to near non-existence. The local captain and his wife who originally purchased the movie rem- nants tried for decades to preserve the artifacts but in 2005 eventu- ally removed the remaining visible segments of the hull of Orca II to be recycled as small souvenirs of the movie. What survives in situ from the original movie production is almost completely covered by sand or shallow water, as recorded during a survey in May 2017.
    [Show full text]
  • Canadian English: a Linguistic Reader
    Occasional Papers Number 6 Strathy Language Unit Queen’s University Kingston, Ontario Canadian English: A Linguistic Reader Edited by Elaine Gold and Janice McAlpine Occasional Papers Number 6 Strathy Language Unit Queen’s University Kingston, Ontario Canadian English: A Linguistic Reader Edited by Elaine Gold and Janice McAlpine © 2010 Individual authors and artists retain copyright. Strathy Language Unit F406 Mackintosh-Corry Hall Queen’s University Kingston ON Canada K7L 3N6 Acknowledgments to Jack Chambers, who spearheaded the sociolinguistic study of Canadian English, and to Margery Fee, who ranges intrepidly across the literary/linguistic divide in Canadian Studies. This book had its beginnings in the course readers that Elaine Gold compiled while teaching Canadian English at the University of Toronto and Queen’s University from 1999 to 2006. Some texts gathered in this collection have been previously published. These are included here with the permission of the authors; original publication information appears in a footnote on the first page of each such article or excerpt. Credit for sketched illustrations: Connie Morris Photo credits: See details at each image Contents Foreword v A Note on Printing and Sharing This Book v Part One: Overview and General Characteristics of Canadian English English in Canada, J.K. Chambers 1 The Name Canada: An Etymological Enigma, 38 Mark M. Orkin Canadian English (1857), 44 Rev. A. Constable Geikie Canadian English: A Preface to the Dictionary 55 of Canadian English (1967), Walter S. Avis The
    [Show full text]
  • Dictionary, Encyclopedia and Thesaurus
    Dictionary, Encyclopedia and T E X T forum Join the Word of the Day Mailing List For Thesaurus - The Free webmasters Dictionary 5,138,485,052 visitors served. TheFreeDictionary Google Bing boat ? Word / Article Starts with Ends with Text Dictionary/ thesaurus Medical Legal Financial Acronyms Idioms Encyclopedia Wikipedia ? dictionary dictionary dictionary encyclopedia Also found in: Medical, Acronyms, Idioms, Encyclopedia, boat Wikipedia 0.01 se c. This site: ?Page tools Follow: Join the Word boat (b t) Printer Feedback of the Day Mailing List n. friendly Add 1. Cite / definition a. A relatively small, usually open craft of a link size that might be carried aboard a ship. Advertisement b. An inland vessel of any size. (Bad banner? c. A ship or submarine. Please let us 2. A dish shaped like a boat: a sauce boat. know) v. boat·ed, boat·ing, boats Share: This page: ?My Word List Share: v.intr. Add current page On this page 1. To travel by boat. 2. To ride a boat for pleasure. to the list Thesaurus "I wish The Free Translations v.tr. 1. To transport by boat. Dictionary had..." Word Browser Had what?! Click Advertisement (Bad 2. To place in a boat. Idiom: here to tell us banner? Please let us what features you know) in the same boat In the same situation as another or others. want to see. ?Charity [Middle English bot, from Old English b t; Feed see bheid- in Indo-European roots.] a hung ry child - donate The American Heritage® Dictionary of the to school feeding English Language, Fourth Edition copyright program ©2000 by Houghton Mifflin Company.
    [Show full text]
  • South Shore Tourism Cooperative
    VISITOR & ACTIVITY GUIDE 2020-21 NOVA SCOTIA’S South Shore novascotia.com/southshore BARRINGTONMUNICIPALITY.COM 2.5 hours from Halifax, 2 hours from Digby & less than an hour from Yarmouth, Exits 29 & 30 on Hwy 103 novascotia.com/southshore • 3 See the Best of the South Shore from the Best possible angles. The Best vantage point to begin exploring the South Shore is from the comfort and modern convenience of Best Western Plus Bridgewater and Liverpool. Fill up on our hot breakfast before heading out to paddle, bike, golf, whale watch, wine taste, or hike at Keji Seaside. You could poke around local galleries, explore UNESCO sites, or stretch out on one of our many pristine beaches. Be sure and eat your fill of fresh, local seafood before heading back to our spacious rooms. Just park, unwind, swim, sleep, wake up, and go at it again from the BEST angles. • Free HOT breakfast • Free wifi • Indoor pool • Pets welcome • Fitness Centre Best Western Plus Best Western Plus Liverpool Hotel & Bridgewater Hotel & Conference Centre Conference Centre Liverpool, Nova Scotia Bridgewater, Nova Scotia 1.877.354.2377 1.877.665.0101 bestwesternliverpool.com bestwesternbridgewater.com Guide South Shore 2020 CONTENTS Dark Skies at Kejimkujik Photo: Parks Canada/Jerry Black All photos courtesy of Tourism Nova Scotia unless otherwise indicated. On the cover: Lobster Trap Tree, Cape Sable Island Photo: Ken Chetwynd novascotia.com/southshore • 5 Guide South Shore 2020 6 New Trail atKejimkujik Trail New •novascotia.com/southshore Photo: Parks Canada / Nicole Boutilier Guide South Shore 2020 Whynot Adventure Photo: Submitted WELCOME The vibe of Nova Scotia’s South Shore is undeniably contagious.
    [Show full text]
  • Buy Brand Viagra in Tajikistan Dushanbe
    Issue 104 2006 LESSONS FROM A DISASTER SEE PAGE 14 IN- New List- ings Every The Novi Directory http://www.noviclassifieds.com/webad_flyer/p1.php << Return to Flyer Index Page Issue 123 2008 New, Reduced and Sold. 1-866-303-NOVI (6684) www.noviboatbrokers.com Issue 123 2008 Complete Package - Pending Boat - New Price Boat - New Complete Package - SOLD Licence - Pending Sale Boat - New Price Sale pending pending sale sale #1313 - 2006, 44.11 X 20, F/G - #685 - 2000, 49.11 X 18, F/G - SOLD#2276 - Non Core LFA 34 #717 - Non-Core Swordfish #891 - 1988, 44.11 + 5 Ext. X #1064 - Core LFA 34 & GRO, Novie, 525Hp, Cummins Wedgeport, 380Hp, Volvo licence. 1982, 44.11 + 5 Ext. Hrp. $12,000.00 Now: 18.5, F/G - Hubbie, 440Hp, 2001, 44.11 + 5 Ext. X 23, F/G - $295,000.00 Now: $295,000.00 $210,000.00 Now: X 17, F/G - Payzant, 375Hp, $9,999.00 Cat $140,000.00 Now: Goreham, 400Hp, Cat $199,000.00 Cummins. Completely rebuilt $120,000.00 $825,000.00 Now: $775,000.00 in 1999. $575,000.00 Licence - New Licence - New Licence - New Price Licence Package - New Complete Package - New Boat - SOLD SOLD #1307 - Non-Core Scallop #1308 - Non-Core Groundfish #1509 - Core Gro L/L & Jig #2780 - Core LFA 34 #1446 - Core LFA 33 #1563 - 1979, 45.9 + 4 Ext. X Licence, Areas: 28B & 28C L/L, H/L Areas: 4X & 5Y licence. Areas fished 4x & 5y. Licence, Gro & Herring licence (other lic. & gear 16, F/W - d'Entremont, $44,500.00 $22,900.00 All related gear included.
    [Show full text]
  • Case Concerning Delimitation of the Maritime Boundary in the Gulf of Maine A.Rea (Canada/United States of America)
    INTERNATIONAL COURT OF JUSTICE PLEADINGS, ORAL ARGUMENTS, DOCUMENTS CASE CONCERNING DELIMITATION OF THE MARITIME BOUNDARY IN THE GULF OF MAINE A.REA (CANADA/UNITED STATES OF AMERICA) VOLUME I Special Agreement; Memorîal of Canada COUR INTERNATIONALE DE JUSTICE MÉMOIRES, PLAIDOIRIES ET DOCUMENTS AFFAIRE DE LA DÉLIMITATION .DE LA FRONTIÈRE MARITIME DANS LA. RÉGION DU GOLFE DU MAINE (CANADA/ÉTATS-UNIS D'AMÉRIQUE) VOLUME l Compromis; mémoire du Canada MEMORIAL OF CANADA MÉMOIRE DU CANADA [1-6] MEMORIAL OF CANADA 29 SPECIAL AGREEMENT BETWEEN THE GOVERNMENT OF CANADA AND THE GOVERNMENT OF THE UNITED STATES OF AMERICA TO SlJBMIT TO A CHAMBER OF THE INTERNATIONAL COURT OF JUSTICE THE DELIMITATION OF THE MARITIME 80UNDARY IN THE ÛULF OF MAINE AREA [See supra, pp. 10-16] [7-11] 31 MEMORIAL SUBMITTED BY CANADA INTRODUCTION 1. This Memorial is filed in accordance with the Court's Order of J February 19821, as varied by an Order of 28 July 19822 extending to 27 September 1982 the time-Jimit for the filing of the Memorials of both Parties in this case, whîch was brought before the Court on 25 November 1981 by the notification of a Special Agreement. The Dispute 2. The subject of this dispute is the course of the single maritime boundary dividing the continental shelf and fishing zones of Canada and the United States in the Gulf of Maine area. The dispute centres primarily on the rich fishing grounds and potential hydrocarbon resources of Georges Bank, a large detached bank seaward of the Gulf of Maine, off the coasts of Nova Scotîa and Massachusetts.
    [Show full text]
  • Lobster Boats of Today They Are the Heavy Duty Pick-Up Trucks of the Sea, and Are Fondly Referred to As “Novi” Boats by Fisher- Men Along the East Coast of the US
    KING LOBSTERMAGAZINE Built for the sea! The evolution of Nova Scotia’s lobster boats page 8 A licence for the future page 10 Good luck, bad luck and Friday the thirteenth page 12 Fishing for science page 14 Playing the long game in the Canadian lobster sector page 16 page 16 Canada’s Small Business Tax Specialist Our Services 0HPEHU%HQHȴWV 2XUUHSVFRPHWR\RXUKRPH Tax Planning 1 RUEXVLQHVVVDYLQJ\RXWLPH DQGPRQH\ &RQȴGHQFHWKDW\RXUWD[HVDUH Tax Preparation 2 DFFXUDWHFRPSOHWHDQGPLQLPL]HG $FFHVVWRDȴQDQFLDODGYLVRUIRU Tax Consultation 3 ȴQDQFLDODQGHVWDWHSODQQLQJ DWQRH[WUDFKDUJH $XGLW3URWHFWLRQΖI\RXȇUHDXGLWHG Audit Protection 4 ZHȇOOUHSUHVHQW\RXWKURXJK HYHU\VWHS www.fbc.ca 902.334.0117 COLDWATERCOLDWATER LOBSTERLOBSTER ASSOCIATION ASSOCIATION www.coldwaterlobster.ca www.coldwaterlobster.ca Who We Are… Who We Are… Through our President and Board of Directors, we aim to be the organized collective voice for Through our President and Board of Directors, we aim to be the organized collective voice for all 985 lobster license holders in LFA 34 all 985 lobster license holders in LFA 34 Our Mission… Our Mission… The Coldwater Lobster Association through The Coldwater Lobster Association through services to members will work to ensure a safe, services to members will work to ensure a safe, sustainable and prosperous lobster fishery in LFA sustainable and prosperous lobster fishery in LFA 34 for current and future generations. The fishery 34 for current and future generations. The fishery and the world around us are constantly evolving and the world around us are constantly evolving and it is extremely important that fishermen be and it is extremely important that fishermen be both aware of the changes and in a position to both aware of the changes and in a position to influence changes that are impacting the industry.
    [Show full text]
  • Pdf Community Profile (7.15
    1 Imagine... Your Life Here... you can make a life, not just a living! Imagine a fuller, more authentic life, closer to nature in a warm and welcoming community. One that offers Probably the last place in the a better chance to find that elusive work/life balance. western world where you can Imagine the difference it would make when you can live, work and play all in the same area. Buy your groceries enjoy this lifestyle - it’s real; from a farmer’s market – and/or grow your own! people have time to talk and Backyards are big and farmland is available. communicate. Nova Scotia enjoys a special charm as Canada’s Ocean Playground and if it were not for a small strip of land connecting us to neighbouring New Brunswick it would Situated on Nova Scotia’s South Shore, the District is the be an island. As a result, the ocean is never far from third largest in the province occupying just over 1700 sight and here in the District of Lunenburg that reality square kilometers. Largely rural in nature, the District is readily apparent. surrounds the Towns of Bridgewater, Mahone Bay, and Lunenburg. Our almost 26,000 residents also enjoy the fact that the capital city of Halifax and international We didn’t realize how much we airport are just a short drive away when the need or were missing in our lives. desire warrants. The District offers affordable land and easy access to the great outdoors. A more rural existence means less clutter, less stress, and less noise.
    [Show full text]