Cod Wars cut the nets of "Carlisle", and "Falmouth" rammed it again. "Týr" was heavily damaged and found herself propelled by only a single screw and pursued by the tug-boat "Statesman". In the dire situation, Captain Guðmundur Kjærnested gave orders to man the guns, in spite of the overwhelming superiority of firepower HMS "Falmouth" enjoyed, to deter any further ramming. The Third Cod War saw 55 ramming incidents altogether. In NATO-mediated sessions, an agreement was reached between Iceland and the UK on 1 June 1976. The British were allowed to keep 24 trawlers within the 200 nmi and fish a total of
Harold Innis and the cod fishery World from Spain." Innis shows how the cod fishery was interwoven economically with the slave trade and international markets for such other products as sugar, tobacco and rum. He argues that rivalry between the British and the colonists in New England led to the American Revolution. While his study of the fur trade focused on the continental interior with its interlocking rivers and lakes, "The Cod Fisheries" looks outward at global trade and empire showing the far-reaching effects of one staple product, both on imperial centres and on marginal colonies such as Newfoundland, Nova Scotia and New England. Biographer, John