NORTHCOTT, Circuit Judge.
In May, 1928, the Pilot, a vessel owned by the Edenton-Mackeys Ferry Company, was enrolled and licensed as a vessel of the United States to engage in fishing. She, together with her tackle, apparel, and engine, was leased by her owner in good faith, with option to purchase, to one Joseph Lascara, to be used in North Carolina waters in the fishing business. As a part of said lease, it was mutually agreed that at all times during said lease...
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