24 Eastern Prince Edward Island . The waters off East Point were considered the richest in mackeral in all of . The three mile fishing limit was put in force by the Canadians. 109 T.ie limit was guarded by British men-of-war at that time. J They were not much good. An example of this was told by Alex R. Beaton to a Weekly Examiner Correspondent in 1886. He 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. After the wreck of the British Man-of-war Phoenix in 1382, the Canadian Cutters began to gradually take over the duty of guarding the limit and they did a much better job. With the opening of the first lobster factory at East Point , 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.