It is an invariable rule that a boat's crew delivers all its fish taken during the summer to the same merchant. In a few cases this arises, as it formerly did almost universally, simply from the fact that the men are all tenants of a proprietor or middle-man, who makes it a condition of their holding their crofts that they shall fish for him. In others, it is the subject of an express or tacit arrangement with a particular fish-curer. When he delivers his fish, the fisherman does not receive payment for it, nor does he know what price it will bring. The arrangement or understanding is, that the price is to be at the current rate at the end of the season. The season ends, so far as the fishing is concerned, at or about August 12; but the sales are not made until September and October, when the process of curing is completed. The settlement of the price does not take place till November, December, or January; and in the case of one merchant, it appears to have been more than once delayed to a considerably later period. When a number of crews deliver their fish to the same merchant, especially if he has a number of stations at different parts of the islands, his settlements are considerably protracted. Each crew, as I have said, has got supplies at the fishing station; it has also got fishing materials, and it may have to pay the hire, or instalments of the price, of its boat. These are all debited to the crew in a ledger account, kept in the name of the skipper and crew, thus -'John Simpson & Co., Stenness.' The sums due for these items being deducted from the total amount of the boat's fishing, the balance is divided into shares, which are carried to the private accounts of the several fishermen; for in almost every case the fisherman and his family obtain, during the year, 'supplies' of goods from the shop of the fish-curer. In the great majority of cases there are no passbooks for such accounts. The private account is read over to the fisherman by the fishcurer, or by his shopkeeper, where he does not personally manage that department of his business; and the fisherman being satisfied as to its correctness, or, as it often happens, trusting to the honesty of the merchant, it is settled, any balance due to the fisherman being paid in cash, any balance against him being carried to his debit in a new account. [See below - SETTLEMENTS AND PASS-BOOKS] THE debit against the fisherman consists-(1.) Of any balance against him in the account of the previous year; (2.) Of goods of various kinds supplied from the store; (3.) Of cash advanced in the course of the year, either to himself personally, or for rent, taxes, or other payments made on his account. It may possibly occur in a bad season, that his share of a balance against the crew with which he has been fishing may increase his indebtedness; but no case of this kind has been brought under my notice. On the other hand, he is