Abstract
This article records the trade practice and culture cycle of Ophiocephalus maculatus (snakeheads) as adopted by a fish farm at Ngau Tam Mei, the New Territories, Hong Kong. This farm is one of the few remaining local enterprises that have the skills to spawn this labyrinth fish. Documentation is timely not only because there has been great demand for the transfer of culture technology (spawning) to China, but also because the species may become extinct with the demise of the culture business through urbanization. The discussion throws light on the effectiveness and limitations of the institutions of private rights as a means of conserving common resources.
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