HUGE PROFITS OF TRAWLERS

Dominion, Volume 11, Issue 8, 4 October 1917, Page 9

HUGE PROFITS OF TRAWLERS

Stories of huge profit's made by Grimsbv steajii trawler owners accumulate (says a Lon<lon paper). One trip alone brought in a catch which, after all expense? were paid left £500CI dear, u two months a trawler netted Mm. l'i*h is so scarce that any price tor a. good catch can be demanded. • One great ihing is to persuade the Admiralty, who are commandeering trawlers right and left, to give a substantia period of grace. A syndicate composed of two bookmakers and a pork bntclei, after waiting eighteen months for delivery of a. trawler, was told, that it was o lj commandeered. Thoy ■successfully pleaded to be allowed-, to make two or thTco trips with her first, and on the first trip made £5000. , . K vessel lliat. went ashore was bought in for under JSBOO, aiicceesfuJly brought and taken to a yard for repairs TWnre anv work was done to her she wa, sold trover JJlim or .ClOfiO more than the usual price paid for a trawler. Tn the course-of a year a. trawler whose skipper has any luck can tuiu over the original cost of tho vessel three times ot-or No wonder that owners are buyS- themselves high-power«l motorc°« and «ting up their hon.es rw& l ea , of cost! In one caso a big London firm of fnrniehere were given caite blanche in the matter of expense Owing to the new system of protection, ihe losses a.mong steam trawlers are nol now ho great.