Eastern Prince Edward Island. The waters off East Point were considered the richest in mackeral in all of North America. The three mile fishing limit was put in force by the Canadians. The limit was guarded by British men—of—war at that time.109 They were not much good.. An example of this was told by Alex R. Beaton to a Weekly Examiner Correspondent in 1886. He S73ted:

I remember one time when a Yankee Fisherman's

crew was ashore here buying potatoes. A war

vessel ran in under the lighthouse and dropped

anchor alongside the schooner. "It's all up

with me nowl", exclaimed the skipper in despair.

But the British Officer did not take the slightest

notice of this gross violation of the Treaty, and the Yankee went scott free.110

After the wreck of the British Man-of—war Phoenix in 1382, the Canadian Cutters began to gradually take over the duty 1 of guarding the limit and they did a much better job.111

With the opening of the first lobster factory at East PJint, a new industry was created which lasted into the 1940's. Many people who would have been farmers only both farmed and fished for a livelihood. However, some lobster factory owners were in the business only for a quick buck. Many people grew rich at the expense of the struggling fishermen. For the most

part, the lobster factories at East Point created jobs and put

more money in circulation.