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On the
announcement of the PEI allocation in 2000, DFO stated that the benefits
from this allocation would go to the PEI fishery as a whole and provided
a set of principles for the management of the allocation. The principles
set out by DFO stated:
- Allocations: The allocation of the 1500 metric tonnes was for
the three year period 2000-2002. Allocations for subsequent years
would depend on stock levels.
- Board of Directors: This corporate entity was to have three
persons nominated by the P.E.I. Seafood Processors Association;
three persons nominated from the P.E.I. Council of Professional Fish
Harvesters; one person nominated by the Government of Prince Edward
Island; one person nominated by the University of Prince Edward
Island; and an independent chairman from the Community at large.
- Benefits:
The benefits from the allocation are to be directed at lobster
research; product and market development and research; and the
development and maintenance of the harvesting sector in PEI, with
the priority given to professionalization of fish harvesters in PEI.
- Revenue Distribution: The corporate entity was to direct the
greater of $150,000 or 20% of the revenues received annually to the
Lobster Science Center at the University of Prince Edward
Island; 2/3 of the remaining funds to support processor
activities; and 1/3 of the remaining funds to harvester activities.
- Reporting:
The corporate entity was to submit an annual report of operations to
DFO along with a business plan for the subsequent year.
- Harvesting: The harvest of the allocation was to
utilize existing Canadian licensed vessels.
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