HMS Malcolm (F88) "Malcolm"s medical support was essential to fishing operations off Iceland. The Ministry of Defence decided not to replace "Malcolm" immediately, probably because the situation had calmed somewhat (1970 was between the first and second Cod Wars). Responsibility for supporting the fishing fleet was henceforth the Department of Trade and Industry's. The dispute ended in 1976 in a face-saving treaty and victory for Iceland. Two years later, "Malcolm" was decommissioned. She was considered too small to act as a modern frigate and therefore unable to continue service into the 1980s. HMS Malcolm (F88) HMS "Malcolm" was a anti-submarine frigate of the
Cod important port. William Pitt the Elder, criticizing the Treaty of Paris in Parliament, claimed cod was "British gold"; and that it was folly to restore Newfoundland fishing rights to the French. In the 17th and 18th centuries in the New World, especially in Massachusetts and Newfoundland, cod became a major commodity, creating trade networks and cross-cultural exchanges. In 1733, Britain tried to gain control over trade between New England and the British Caribbean by imposing the Molasses Act, which they believed would eliminate the trade by making it unprofitable. The cod trade grew instead, because the "French were eager to