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:
“I keep thinking that what I need
to do is buy my leg back.
Surely it is for sale somewhere,
poor broken tool, poor ornament.
It might be in a store somewhere beside a lady’s scarf.”
—Anne Sexton (1928–1974)
“...that absolutely everything beloved and cherished of the bourgeoisie, the conservative, the cowardly, and the impotent—the State, family life, secular art and science—was consciously or unconsciously hostile to the religious idea, to the Church, whose innate tendency and permanent aim was the dissolution of all existing worldly orders, and the reconstitution of society after the model of the ideal, the communistic City of God.”
—Thomas Mann (1875–1955)