An Act for granting certain Powers and Authorities to… "The Australian Agricultural Company"…
Cap. LXXXVI. An Act for granting certain Powers and Authorities to a Company to be incorporated by Charter, to be called "The Australian Agricultural Company"…

London: Eyre and Spottiswoode, 21 June 1824.

Folio, pp. [737]-756, armorial letterhead, fine.

Foundation Act for the Australian Agricultural Company

Foundation Act of the Australian Agricultural Company, a fabulously lucrative investment scheme that followed a formal meeting at the chambers of John Macarthur in Lincoln's Inn during April 1824.

Foundation Act of the Australian Agricultural Company, a fabulously lucrative investment scheme that followed a formal meeting at the chambers of John Macarthur in Lincoln's Inn during April 1824.

In principle the Company derived from a simple conundrum; the Australian colonies abounded in unutilised land and convict labour, but lacked a corporate structure to attract investment capital. Accordingly, in return for raising one million pounds in capital, the company was awarded a land grant by the New South Wales government of one million acres. The Company was formed and incorporated by this Act of Parliament, and a Royal Charter issued on the first day of November 1824.

This Act comprises a pivotal document in the early economic history of Australia. Once established, the Australian Agricultural Company opened up vast areas of wilderness for grazing and agriculture, and provided the impetus for much of the inland exploration of New South Wales for the following two decades. Following the recommendation of Commissioner Bigge, the Company was based on a Mediterranean production model of wool, grapes, olives, flax, and similar crops suited to the southern climate.

Ferguson 948.

Price (AUD): $750.00

US$563.43   Other currencies

Ref: #4106439