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The North Atlantic Fisheries, 1100-1976 - University of Hull

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From 1920 to 1922, as Table I shows, the percentage <strong>of</strong> the catch<br />

taken by smaller boats in Faroese waters fell from 39% to 7% <strong>of</strong> the total<br />

Faroese catch. In 1922 the Faroese catch <strong>of</strong>f Iceland reached its peak,<br />

accounting for 93% <strong>of</strong> the total Faroese fishery measured in tons.<br />

Table I<br />

Year Fishery Faroe Iceland Greenland Bear I/N.Nrw.<br />

in tons waters % waters % waters % waters %<br />

1920 27322 39 61 - -<br />

1921 34648 16 84 - -<br />

1922 43526 7 93 - -<br />

1923 39298 11 89 - -<br />

1924 35255 12 88 - -<br />

1925 35537 19 81 - -<br />

1926 46346 12 83 5 -<br />

1927 47277 14 80 6 -<br />

1928 55027 8 90 2 -<br />

1929 66300 3 82 15 -<br />

1930 80052 3 66 31 -<br />

1931 76159 2 71 27 -<br />

1932 68087 7 71 22 -<br />

1933 66517 3 70 27 -<br />

1934 56069 3 50 45 2<br />

1935 48838 3 59 36 2<br />

1936 43468 3 32 37 28<br />

1937 51493 6 39 47 8<br />

1938 58340 5 39 43 13<br />

Sources: Fiskivinnuskrivstovan, Tórshavn. Cf. K. Nolsøe, “Færøsk fiskeri “, 1973, pp.<br />

199-208.<br />

<strong>The</strong> essential export product was salted, or dried and salted, fish. <strong>The</strong><br />

value in Danish kroner per kilo was in 1920: 0.80, in 1925: 0.53, in 1930:<br />

0.25 and in 1938: 0.30, with its lowest point in 1932 <strong>of</strong> 0.19, or a quarter<br />

<strong>of</strong> the 1920 price. A similar dramatic fall in the national value <strong>of</strong> the<br />

fishery is demonstrated if we look at the yearly income in Danish kroner<br />

(DKK) per fisherman: in 1920 2,924, in 1925 2,189, in 1930 2,167<br />

and in 1938 1,746. Income was at its lowest in 1932 with only 1,455<br />

DKK earned by each employed fisherman. Taking high unemployment<br />

into consideration and the fact that the crisis also meant lower income for<br />

the female workforce in the fishing industry, the depth <strong>of</strong> the crisis was<br />

65

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