Van Diemen's Land Company
The Van Diemen's Land Company (also known as Van Dieman Land Company) is a farming corporation in the Australian state of Tasmania. It was founded in 1825 and received a royal charter the same year, and was granted 250,000 acres. (1,000 km2) in northwest Van Diemen's Land (now Tasmania) in 1826. The company was a group of London merchants who planned a wool growing venture to supply the needs of the British textile industry.
Much of the initial cargo, stock and farm labourers arrived in Van Diemen's Land aboard the Tranmere. Some of the settlers refused to adapt to their new surroundings. For instance they did not recognise that in the Southern Hemisphere the seasons were reversed. For many years the costs of farming were only just recovered. By the 1880s the company was making more money from timber felling and timber exports than from farming.
The company retains some of the original land grant and is widely believed to be the last chartered company still operating. By the 1970s the company owned one seventh of its original selection.
In July 2014 it was announced the owner of the Van Diemen's Land Company, New Plymouth District Council (through Taranaki Investment Management Limited) in New Zealand, was attempting to sell the company. In 2016, it was purchased by Moon Lake Investments, controlled by Lu Xianfeng, for $280 million Australian dollars.
- Royal Charters, Privy Council website
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- "China buyers in talks over farms". New Zealand Farmer. 26 June 2014. Retrieved 9 July 2014.
- Ted O'Connor (2016-02-24). "VDL sale to foreign buyer a 'betrayal', Kathmandu founder Jan Cameron says". ABC News.
- Pink, Kerry Winds of Change: A History of Woolnorth (2003)
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