Abstract
IN his admirable discourse at the Royal Institution1 Michael Graham declares with good reason that "the Great Law of Fishing is that unlimited fisheries become unprofitable", and he deduces that "the only adequate measure to conserve the fishery is to set some limit to the amount of fishing". Fishery legislation, with its restrictions upon fishing areas, upon the mesh of nets, upon the size of fish landed and so on, has not succeeded in staying the downward drift, and more restriction is necessary. The Great Law of fishery legislation, based upon sound scientific advice as things stand, is restriction.
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