1. Fishing fleet and catch
Data based on Alternative II of the 1974–95 Plan.
| Year | Increase in catch (t) | No. of vessels | Investment ('000 M.$) | Value of catch ('000 M.$) | Return ('000 M.$) | Employment | |
| Inshore | Offshore | ||||||
| 1974–75 | 33 000 | 235 | - | 19 230 | 15 180 | 7 590 | 1 255 |
| 1976–80 | 73 000 | 80 | 71 | 87 000 | 33 580 | 16 790 | 2 025 |
| 1981–85 | 114 000 | 80 | 125 | 141 000 | 52 440 | 26 220 | 2 835 |
| 1986–90 | 120 000 | 80 | 133 | 149 000 | 55 200 | 27 600 | 2 955 |
| TOTAL | 340 000 | 475 | 329 | 396 230 | 156 400 | 78 200 | 9 070 |
The pay-back period for the whole fleet investment programme is five years while the economically useful life of the vessels is anticipated as 15 years.
The benefit/cost ratio at a discount rate of 6 percent is 1.92 and the internal rate of return is 17 percent.
2. Aquaculture
| Year | Production (t) | Area (ha) | Investment ('000 M.$) | Value of production ('000 M.$) | Return ('000 M.$) | Employment |
| 1975–80 | 4 000 | 3 350 | 25 125 | 14 000 | 8 400 | 5 025 |
| 1981–85 | 6 000 | 5 000 | 37 500 | 21 000 | 12 600 | 7 500 |
| 1986–90 | 10 000 | 8 325 | 62 438 | 35 000 | 21 000 | 12 500 |
| TOTAL | 20 000 | 16 675 | 125 063 | 70 000 | 42 000 | 25 025 |
| Pay-back period | = | 3 years |
| Benefit/cost ratio (at 6 percent) | = | 3.86 (over 20 years) |
| Internal rate of return | = | 35 percent |
3. Harbours
| Year | No. of harbours | Investment ('000 M.$) | Employment |
| 1974–75 | - | 7 000 | 300 |
| 1976–80 | 1 + continuation | 60 000 | 300 |
| 1981–85 | 1 | 30 000 | 300 |
| 1986–90 | 1 | 30 000 | 300 |
| TOTAL | 127 000 | 1 200 | |
No returns have been assumed from the harbour development programme, however, the investment input required will be included in the assessment of the overall benefits accruing to the economy from fisheries development.
4. Ice production capacity
| Year | Increase in fish production (t) | Demand for ice (t) | Daily production at 350 days/year | Investment ('000 M.$) | Return ('000 M.$) | Employment |
| 1974–75 | 33 000 | |||||
| 1976–80 | 77 000 | 110 000 | 315 | 7 900 | 1 650 | 50 |
| 1981–85 | 120 000 | 120 000 | 340 | 8 500 | 1 800 | 55 |
| 1986–90 | 130 000 | 130 000 | 370 | 9 250 | 1 950 | 60 |
| TOTAL | 360 000 | 360 000 | 1 025 | 25 650 | 5 400 | 165 |
| Pay-back period | = | 4.7 years |
| Benefit/cost ratio | = | 2.04 |
| Internal rate of return | = | 18 percent |
5. Cold storage
| Year | Capacity (t) | Investment ('000 M.$) | Return ('000 M.$) | Employment |
| 1976–80 | 8 000 | 12 000 | 1 540 | 70 |
| 1981–85 | 8 000 | 12 000 | 1 540 | 70 |
| 1986–90 | 9 000 | 14 000 | 1 720 | 80 |
| TOTAL | 25 000 | 38 000 | 4 800 | 220 |
| Pay-back period | = | 8 years | over a period of 20 years |
| Benefit/cost ratio | = | 1.45 | |
| Internal rate of return | = | 11 percent |
6. Canning plants
| Year | Canned product (t) | Investment ('000 M.$) | Return ('000 M.$) | Employment |
| 1974–75 | 2 000 | 4 000 | 1 600 | 300 |
| 1976–80 | 2 000 | 4 000 | 1 600 | 300 |
| 1981–85 | 2 000 | 4 000 | 1 600 | 300 |
| 1986–90 | 3 000 | 6 000 | 2 400 | 400 |
| TOTAL | 9 000 | 18 000 | 7 200 | 1 300 |
| Pay-back period | = | 2.5 years |
| Benefit/cost ratio | = | 3.89 |
| Internal rate of return | = | 34 percent |
7. Fish meal plants
| Year | Fish meal t (increment) | Raw material required t | Daily capacity at 300 days/year | Investment ('000 M.$) | Return ('000 M.$) | Employment |
| 1974–75 | 2 400 | 12 000 | 40 | 2 400 | 468 | 15 |
| 1976–80 | 9 000 | 45 000 | 160 | 9 000 | 1 755 | 50 |
| 1981–85 | 2 800 | 14 000 | 50 | 2 800 | 546 | 15 |
| 1986–90 | 2 400 | 12 000 | 40 | 2 400 | 468 | 15 |
| TOTAL | 16 600 | 83 000 | 290 | 16 600 | 3 237 | 95 |
| Pay-back period | = | 5.3 years |
| Benefit/cost ratio | = | 1.82 |
| Internal rate of return | = | 16 percent |
8. Total employment
| Year | Fleet | Aquaculture | Harbours | Ice | Cold Storage | Canning | Fishmeal | Total |
| 1974–75 | 1 255 | - | 300 | - | - | 300 | 15 | 1 870 |
| 1976–80 | 2 025 | 5 025 | 300 | 50 | 70 | 300 | 50 | 7 820 |
| 1981–85 | 2 835 | 7 500 | 300 | 55 | 70 | 300 | 15 | 11 075 |
| 1986–90 | 2 955 | 12 500 | 300 | 60 | 80 | 400 | 15 | 16 310 |
| TOTAL | 9 070 | 25 025 | 1 200 | 165 | 220 | 1 300 | 95 | 37 075 |
Summary of investment, return and employment 1974–90
| Total | 1974–75 | 1976–80 | 1981–85 | 1986–90 | |||||||||||
| Inv. | Ret.* | Empl. | Inv. | Ret.* | Empl. | Inv. | Ret.* | Empl. | Inv. | Ret.* | Empl. | Inv. | Ret.* | Empl. | |
| 1. Fishing fleet | 396.23 | 78.2 | 9.070 | 19.23 | 9.6 | 1.255 | 87.0 | 16.8 | 2.025 | 141.0 | 26.2 | 2.835 | 149.0 | 27.6 | 2.955 |
| 2. Aquaculture | 125.0 | 42.0 | 25.025 | - | - | - | 25.1 | 8.4 | 5.025 | 37.5 | 12.6 | 7.500 | 62.4 | 21.0 | 12.500 |
| 3. Ice plants | 25.65 | 5.5 | 165 | - | - | - | 7.9 | 1.7 | 50 | 8.5 | 1.8 | 55 | 9.25 | 2.0 | 60 |
| 4. Cold storage | 38.0 | 4.8 | 220 | - | - | - | 12.0 | 1.5 | 70 | 12.0 | 1.5 | 70 | 14.0 | 1.8 | 80 |
| 5. Harbours | 127.0 | - | 1.200 | 7.0 | - | 300 | 60.0 | - | 300 | 30.0 | - | 300 | 30.0 | - | 300 |
| 6. Canning | 18.0 | 7.2 | 1.300 | 4.0 | 1.6 | 300 | 4.0 | 1.6 | 300 | 4.0 | 1.6 | 300 | 6.0 | 2.4 | 450 |
| 7. Fish meal plants | 16.6 | 3.2 | 95 | 2.4 | 0.5 | 15 | 9.0 | 1.7 | 50 | 2.8 | 0.5 | 15 | 2.4 | 0.5 | 15 |
| GRAND TOTAL | 746.48 | 140.9 | 37.075 | 32.63 | 9.7 | 1.870 | 205.0 | 31.7 | 7.820 | 235.8 | 44.2 | 11.075 | 273.05 | 55.3 | 16.360 |
Pay-back period = 5.3 years
Benefits/cost ratio at distant rate 6 percent, over 15 years = 1.84
Internal rate of return = 16 percent
Investment per ton of fish produced over 15 years = M.$ 138
| Investment and return | : Million M.$ |
| Employment | : No. of persons |
| * Return per year |
Other publications in this series are:
The South China Sea Fisheries - A Proposal for Accelerated Development. Gulland, J.A. et al. SCS/DEV/73/1/Rome.
Review of Marine Fishery Statistical Systems in Countries Bordering the South China Sea, and Proposals for their Improvement. Yamamoto, T. SCS/DEV/73/2/Rome.
The Demersal Fish Stocks and Fisheries of the South China Sea. Aoyama, T. SCS/DEV/73/3/ Rome.
Tuna Resources in the South China Sea. Kume, S. SCS/DEV/73/4/Rome.
Status, Potential and Development of Coastal Aquaculture in the Countries Bordering the South China Sea. Ling, S.W. SCS/DEV/73/5/Rome.
Pelagic Fishery Resources of the South China Sea and Prospects for their Development. Menasveta, D., S. Shindo and S. Chullasorn. SCS/DEV/73/6/Rome.
The Crustacean Resources and Related Fisheries in the Countries Bordering the South China Sea. Mistakidis, M.N. SCS/DEV/73/7/Rome.
Fish Utilization, Marketing and Trade in Countries Bordering the South China Sea - Status and Programme Proposals. Ruckes, E. SCS/DEV/73/8/Rome.
Institutional and Legal Aspects Affecting Fishery Development in Selected Countries Bordering the South China Sea. Doucet, F.J., G.K. Moore and A. Labon. SCS/DEV/73/9/Rome.
