The British Government has increased the ‘bounty’ for whale product landed in British ports to £2 per ship ton. This has encouraged London to fund six expeditions this year.
The British Government has introduced a ‘bounty’ of £1.00 per ship ton on whale p[roduct landed in British ports.
This new ‘bounty’ together with the strengthening prices for whale bone and whale oil have been welcomed by the companies funding whaling expeditions. It has been noted that the South Sea Company failed to return a profit on 172 expeditions that it funded from London’s Howland Dock between 1725 and last year.
The last Spitsbergen factory has been abandoned. Since whaling began in the bays of the Spitsbergen Islands, whale carcasses have been processed ashore and the whale product packed for loading to ships returning to their home ports. The Muscovy Company considered this to be the most profitable use of men and ships, with each ship returning fully laden at the earliest time.
The increasing popularity of deep sea whaling has meant that whaleships make their final catches some distance from Spitsbergen and find it more convenient to return home for the final processing of whale product. During the last twenty years the Spitsbergen factories have struggled to survive and the last factory was abandoned this year.
It has been reported that deep sea whaling is becoming popular. This may end the conflict between whalers. Since whaling began in the bays of the Spitsbergen Islands, there has been conflict between nations and between whaleships from different ports with the Royal Navy sending warships to maintain the peace in these islands which are English sovereignty. The Muscovy company has established factories to process whale product at the main ports of the islands and His Majesty King James has endorsed the agreement between the Muscovy Company and Dutch whalers to permit the establishment of factories to the North and South of the main ports subject to English sovereignty. This has not stopped the conflict between whalers.
The new practice of deep sea whaling is opening new whaling grounds in the Northern seas and dispersing the fleets. The main occupation now is in hunting whales and not in fighting other whalers for control of the Spitsbergen Bays.
The Muscovy Company reports that their factories are still in great demand although it is noted that whaleships are now bringing their rough cargoes back to their home ports for final processing.