Cap. XXXIX. An Act for granting certain Powers and Authorities to a Company, to be incorporated by Charter, to be called "The Van Diemen's Land Company"...

London: George Eyre and Andrew Strahan, 1825.

Foolscap, pp. [381]-392, fine.

Foundation of the Van Diemen's Land Company

The Van Diemen's Land Company was founded along similar lines to the Australian Agricultural Company – vast areas and surplus convict labour could be brought to profitable advantage with a Company to attract investors into the fold. The Company was offered vast tracts of land beyond existing settled areas, and opened up lands previously unseen by European eyes. This Act follows the decision of April 1825 by the Colonial Office to offer the Company some 250,000 acres in the remote northwest of Tasmania for a peppercorn rent. It details the organisation of the company, share offers, transfers and the like, and comprises an important document in the early economic history of the colony.

The Van Diemen's Land Company was founded along similar lines to the Australian Agricultural Company – vast areas and surplus convict labour could be brought to profitable advantage with a Company to attract investors into the fold. The Company was offered vast tracts of land beyond existing settled areas, and opened up lands previously unseen by European eyes. This Act follows the decision of April 1825 by the Colonial Office to offer the Company some 250,000 acres in the remote northwest of Tasmania for a peppercorn rent. It details the organisation of the company, share offers, transfers and the like, and comprises an important document in the early economic history of the colony.
The Van Diemen's Land Company was plagued by poor management practices and charges of favouritism from the Colonial Office. Settlers resented expectation that convict labour be granted to the Company, so denying them of much needed labour. Investors lost considerably in the Company, until the Victorian gold-rush of the mid 1850's created a market for potatoes, grain and timber and revitalised the fortunes of the venture.

Ferguson 1021.

Price (AUD): $400.00  other currencies     Ref: #4106441

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