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PEARL FISHERIES
these fisheries. All pearls are subject to slight variations in weight.
It was from the fisheries of Colombia that Philip II. of Spain received the large pearl of 250 carats, about the size and shape of a pigeon's egg, so often mentioned in the chroni­cles of precious stones.
The management of the pearl fisheries of the Colombia of to-day is in the hands of the central bank of Colombia which is empowered to transact business pertaining to property belong­ing to the government. This institution holds a public auction and awards the lease of the rights to fish for pearls, coral, etc., on the Colombian coasts of the Atlantic and Pacific oceans, to the most desirable bidder. The lessee must be governed by the rules and regulations laid down by the bank. The lease is for five years and went into effect August 1st, 1906.
New pearl oyster-beds were discovered in 1903 in the Gulf of Campeche near Coatza-coalcos and application was made by a Mexican to the Mexican government for a concession to work them. There are extensive beds, which are constantly fished, along the eastern coast of 16                                  241