In 1724, Rice joined the Royal African Company (RAC) and was appointed as the factor for the Cape Coast Castle (a trading post of the RAC) as part of a three-man team headed by Captain-General John Tinker to administer the post's trade in gold, silver and slaves.
In 1724, Rice joined the Royal African Company (RAC) and was appointed as the factor for the Cape Coast Castle (a trading post of the RAC), part of a three-man team led by Captain-General John Tinker to oversee trade in gold, silver, and slaves.