 On February 8 1794, the Caymanians rescued the crews of a group of ten merchant ships, including HMS "Convert", an incident that has since become known as the Wreck of the Ten Sail.The ships had struck a reef and run aground during rough seas.Legend has it that King George III rewarded the island with a promise never to introduce taxes as compensation for their generosity, as one of the ships carried a member of the King's own family.