The New Colony of South Australia
The Foundation Act
Act empowering His Majesty to erect South
Australia into a Province. Anno Quarto and
Quinto Guliclmi IV. Regis. Cap. XCV
..."NOW KNOW YE that with the advice of Our Privy Council and in pursuance and exercise of the powers in us in that behalf vested by the said recited Act of Parliament WE do hereby erect and establish one Province to be called the Province of SOUTH AUSTRALIA--And we do hereby fix the Boundaries of the said Province in manner following (that is to say) On the North the twenty-sixth degree of South Latitude--On the South the Southern Ocean--On the West the one hundred and thirty-second degree of East Longitude--And on the East the one hundred and forty-first degree of East Longitude including therein all and every the Bays and Gulfs thereof together with the Island called Kangaroo Island and all and every the Islands adjacent to the said last mentioned Island or to that part of the main Land of the said Province PROVIDED ALWAYS that nothing in these our Letters Patent contained shall affect or be construed to affect the rights of any Aboriginal Natives of the said Province to the actual occupation or enjoyment in their own persons or in the persons of their descendants of any lands therein now actually occupied or enjoyed by such Natives IN WITNESS whereof We have caused these Our Letters to be made Patent WITNESS Ourself at Westminster the Nineteenth day of February in the Sixth Year of our Reign.
"BY WRIT OF PRIVY SEAL 'EDMUNDS'
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Assented to 15th August, 1834 - Enacted 19th February, 1836
The Board of Commissioners
On the 5th May 1835, the following members were appointed by Lord Glenelg (Charles Grant - the new Secretary of State for the Colonies).
| Col. Torrens, Chair | G.F. Angas | E. Barnard
| | S. Mills | Jacob Montefiore | J. Wright
| | G. Palmer, jun., | W. Hutt | W.A. Mackinnon
| | John Shaw Lefevre | Rowland Hill, Sec
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The first Board, with Whitmore as chairman, had faltered in the provision of meeting the guarantee to invest £20,000 in exchequer bills and to sell land to the value of £35,000.
The new board, under Torrens, achieved this obligation of the Act with the assistance of George Fife Angas. Angas, Kingscote and Smith purchased the remaining £9,000 worth of land, investing it in a joint stock company called The South Australian Company. Angas was then obliged to retire from the Board of Commissioners through a 'conflict of interest'.
The South Australian Company
On the 22nd January 1836, the South Australian Company was formed with a subscribed capital of £200,000. The original directors of the Company were:-
| G.F. Angas, Chair | R. Currie | C. Hindley
| | J. Hyde | H. Kingscote | J. Pirie
| | J. Rundle | T. Smith | J.R. Todd
| | H. Waymouth
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Some of their main objectives were to build, on their own lands, wharves and warehouses; the growth of wool for the European markets; whale fisheries and the establishment of banks.
These objectives were pursued with the purchase of enough land to enable a sufficient workforce of free labouring immigrants to carry out the Company's plans. Their first land was purchased on Kangaroo Island and three ships organised to take the Company's employees to South Australia.
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