Two other company ships arrived in 1787, reaching the west coast of Vancouver Island in July, Prince of Wales, commanded by James Colnett, and Princess Royal, under Charles Duncan.
[6] Colnett and Duncan separated in 1788, but eventually rendezvoused and proceeded in early 1789 to Canton to sell their furs at a good profit, making this voyage "one of the more successful ones of the period".
[6] In April 1787, Richard Etches dispatched Duke of York, a ship he had acquired, to reinforce the settlement at New Years Harbour (now Puerto Ano Nuevo) on Staten Island (now Isla de los Estados), off Tierra del Fuego.
Seal hunters had established a factory there in 1786,[7] which was also well-located for vessels rounding Cape Horn to refresh and replenish their water.
As it turned out, there was no great profit to be made from the trade in sea otter pelts (except by the Russians),[1] and the company ceased sending ships.