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
Harold Innis and the cod fishery method of curing their catches onshore, then transporting the dried fish to Mediterranean countries where there was a demand for a higher protein diet. This combined with consumer preferences for dried fish over cod packed in brine meant higher prices, especially in Catholic countries where the church required the regular consumption of fish. Thus, dried cod sold in Spain allowed England to receive substantial amounts of the precious metals that the Spanish were bringing from their colonies in the New World. "Cod from Newfoundland was the lever by which she [England] wrested her share of the riches of the New