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The present position of affairs between the United States and Great Britain over what is called the "modus vivendi" on the herring situation. The two purposes for which the fishermen of the U.S. resort to Newfoundland: to secure bait for carrying on a deep sea fishery on the Grand Banks; to obtain herring for food purposes in the autumn and early winter. A review of the present disturbance between the countries with regard to the obtaining of herring. Understanding the position by drawing our attention the shape of Newfoundland. The Treaty of 1818, giving the American certain rights on the west coast of the Island. The words of the Treaty. The part played by Canada: some history from 1890. The Bond-Blaine Convention, a measure of reciprocity between the U.S. and Newfoundland with regard to fish markets and bait purchase. Opposition to ratification of the Treaty by the Macdonald Ministry at that time. The Bond-Hay Treaty of 1904: an amended arrangement which the U.S. failed to adopt. Subsequent legislation making in unlawful for the Newfoundlanders to sell to American vessels for any price or under any conditions. Response from the Americans. Further legislation in the winter of this year, 1906. Difficulties which arose. The use of an immense net called a "purse-seine" by the Americans. Protests by Newfoundland. The matter taken up by the Imperial Government. The result of the "modus vivendi," the result of which is that the Act to prevent the Newfoundlanders hiring on American vessels was not to be put in force at present; the Americans to be allowed to use the purse-seines, but agreeing to use them with as small interference as possible with the local fishermen. Further agreements. The "modus vivendi" as the subject of lengthened correspondence between the Government of the U.S. and His Majesty's Government and also between His Majesty's Government and the Colonial Government: a review. What can be read about this issue in the Press. A discussion of the situation from the speaker's point of view. Drawing our attention to the interest of the Dominion in this matter. The fisheries of British North America. Some conclusions; a few words with reference to moralizing upon what the speaker has seen in the press, or what is put forward by certain politicians in the Colony. The importance of the present difficulty between the Colony and the U.S., less than we might think by looking at the newspapers. A summary of the situation.