(1) The tables in this section include
regular priced QS transfers and priced sweep-up QS transfer transactions with the
associated 1995 IFQs. Some priced sales transfers were excluded if there was more than
a one pound difference between the indicated 1995 IFQ transferred and an "estimated
1995 IFQ" based upon applying the 1995 IFQ/QS ratio for the area to the amount of QS
transferred. Some of the prices reported herein would be different if this exclusion
criterion had been relaxed. (2) Carey,
personal communication, 11-13-95. (3)
These average prices were calculated by dividing the total sales value by either the units
of QS involved or the pounds of 1995 IFQ associated with that QS. Since an amount of
QS is being transferred with the 1995 IFQ associated with it, either formulation of price
on a "per unit" basis is awkward. The numbers would be useful for comparisons of QS
transfers without the associated 1995 IFQ if there were a sufficient number of
observations available. (4) As noted earlier,
the range of QS holdings that were blocked was based upon QS in the quota share pool
as of October 17, 1994 and the 1994 TAC for the area. Amounts of QS in an area that
would have been worth less than 20,000 pounds of 1994 TAC using this QS pool were
blocked. See 50 CFR 679.40 (a). (5) The
authors only used priced lease transactions where the 1995 IFQ indicated in the
transaction was within a pound of an "estimated" IFQ which was calculated by applying
the area's IFQ/QS ratio to the amount of QS leased. Some of these lease price estimates
would have been different if this selection criterion had been relaxed.