The probabilities are that the fisherman will increase the debt year after year, for some years. Then the curer takes from him a sale-note of the boat and of his drift. The boat is beached, so as to preserve the curer's right to it. The nets are sent to his store. The generosity of the original transaction disappears. It is, of course, understood that the boat and nets may be redeemed; but in many cases interest is added to the debt year after year, the deal is always charged for the boat, and the fisherman loses about 20 per cent. of his earnings by the 'general terms.' The sense of failure operates injuriously on the man, perhaps makes him negligent. He finds the curer disinclined to increase the debt by an additional advance of money just when money is most necessary to him for subsistence, and things go on from bad to worse. At last his year of luck comes round. He fishes 100 or 120 crans, perhaps 200 crans. His debt is reduced so as to be fairly less than the value of the boat and drift. Then he may go on for another course of the same risk and indebtedness. But not unfrequently the curer at this juncture closes the transaction by retaining and appropriating the boat and drift, and dismissing the man. The appropriation is made not seldom without any valuation of the property, and the man is dismissed without discharge or balancing of the debt. The disadvantages of this system to the fishermen are apparent, and are really very great. <First>, Responsibility for the whole expenses of the fishing is cast upon them, while really the boats and nets are the fishcurer's. <Second>, They are charged with the maintenance of these boats and nets, in effect to keep the curer's capital put into their hands as near to its original value as possible. <Third>, They pay interest in some cases, and not seldom an arbitrary profit on part of the capital in form of boat's deal. <Fourth>, They receive 20 per cent. less for their fish than free fishermen do. The disadvantages of the fishermen are the advantages of the fish-curers. But these advantages are not wholly unmixed. The fish-curer has not only in the majority of cases to find the boats and nets, but to disburse all the charges of the fishing where the proceeds of the catch are insufficient to do it, and 'to keep on' the fishermen by advances for their food and rents. Thus the aggregate of the debts is a continual strain on the curer's capital, and payment is as uncertain as the chances of fishermen individually getting extraordinary hauls of fish. There is still further the risk of the debtor dying, in which event the debt is wholly lost beyond the value of the boat and nets. On the death of a fish-curer recently, his books were found to contain about £16,000 of debts due to him by fishermen, and these for the most part valueless. Still, if the system were not advantageous to the curers, it is plain that they would not conduct their trade in so questionable a method.