Sale and Dissolution
The claims of the Port Phillip Association were only recognised to the extent of £7,000, allowed as a reduction on the purchase price of land bought by the association at public auction. Most of the members sold out to Charles Swanston, and the name was changed to the Derwent Company before being dissolved in 1842. The obligations under Batman’s treaty to feed and clothe the aborigines were assumed by the New South Wales colonial government, although proper protection was not afforded, especially in the remote parts of the colony.
Read more about this topic: Port Phillip Association
Famous quotes containing the words sale and/or dissolution:
“[T]he dignity of parliament it seems can brook no opposition to it’s power. Strange that a set of men who have made sale of their virtue to the minister should yet talk of retaining dignity!”
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