On the whole the United States have not fared badly in the arbi- 
tration. Under 
Question 
I the veto 
power 
to unreasonable fish- 
ing legislation 
has been secured. The essential 
question 
submitted 
under 
Question 
II as to whether American vessel owners were 
within their 
Treaty right 
in 
engaging 
non-inhabitants of the United 
States for their crews, 
has been answered in favor of the United 
States. The 
findings 
under 
Questions 
III and IV support 
the 
contentions of the United States. 
Question V, even 
though 
interpreted 
most strongly against 
the United States, 
involves a loss 
at most of an 
expanse 
of four miles in 
bays. 
Under 
Question VI, 
the Tribunal concurs 
entirely 
with the contention of the United 
States, and under 
Question VII, the United States have 
gained 
their 
point. 
While the 
grounds 
of decision are in 
many cases unsatis- 
factory, 
it is believed that both countries will find the award ac- 
ceptable.