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...Yarmouth-Thor collision-there were no casualties-was the latest incident in the increasingly nasty "cod war" between Great Britain and Iceland (TIME, Dec. 29). What started out as a semicomical high seas skirmish over Iceland's unilateral claim last October to a 200-mile territorial fishing limit, has become a tense crisis for the North Atlantic Treaty Organization. Two weeks ago, Iceland broke diplomatic relations with Great Britain...

Author: /time Magazine | Title: ICELAND: Action in the North Atlantic | 3/8/1976 | See Source »

...mile fishing limit causing the trouble stems from Iceland's attempts to save a key segment of its economy. The tiny island country (pop. 219,000) wants more control over fishing rights in its coastal areas to maintain fish stocks, especially cod. Sales of cod account for fully 40% of Iceland's exports, but this vital crop could vanish in a few years, Icelanders claim, unless drastic conservation measures are taken. Even British officials concede that cod stocks are dwindling, but argue that the situation is not so perilous as Iceland says...

Author: /time Magazine | Title: ICELAND: Action in the North Atlantic | 3/8/1976 | See Source »

Dangerous Game. Last fall Iceland proposed that Britain limit its trawlers to 65,000 tons of cod each year caught within the 200-mile limit. Faced with the idling of as many as 6,500 British trawlermen and fish-industry workers, London countered with a proposed limit of 110,000 tons...

Author: /time Magazine | Title: ICELAND: Action in the North Atlantic | 3/8/1976 | See Source »

...proposal infuriated the Icelanders. Prime Minister Geir Hallgrimsson, who was already in hot water with his public for even making the 65,000-ton offer, was forced to break off negotiations with London and insist that the British take no cod at all. When British trawlers showed up in the disputed fishing grounds, Iceland dispatched a tiny coastal fleet (four gunboats) to cut the trawlers' net lines. The British government responded by sending frigates to protect the trawlers. Lately, the dangerous games between the two forces have grown rougher...

Author: /time Magazine | Title: ICELAND: Action in the North Atlantic | 3/8/1976 | See Source »

...company run by the King of the Smellies, James Gall, 29, has sold or supplied the fragrance for a whopping 4 million shirts reeking with more than a hundred smells. Researchers at his company, Smell It Like It Is, Inc., have had the Gall to perfect such odors as cod-liver oil, dill pickles and lamb chops. But Gall may soon run into formidable competition. The New York-based Smell This Shirt Co. is working hard to develop marijuana-scented shirts...

Author: /time Magazine | Title: Modern Living: The T Shirt: A Startling Evolution | 3/1/1976 | See Source »

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