South Australian Company


The South Australian Company, also referred to as the South Australia Company, was formed in London on 9 October 1835, after lobbying by the South Australian Association. The founding board, headed by George Fife Angas, consisted of wealthy British merchants in order to develop a new settlement in South Australia; its purpose was to build a new colony by meeting an essential financial obligation of the South Australia Act 1834.
The South Australian Company ended business in its own right on 17 March 1949 when it was liquidated by Elders Trustee & Executor Company Ltd, which had been managing its Australian affairs since the death of the last Colonial Manager, Arthur Muller in 1936.

Foundation

The formation of the company followed considerable lobbying by the South Australian Association, a group consisting of philanthropists, radical thinkers, dissenters and merchants. After a years of negotiation, false starts, changes and amendments to suggested charters, the British Parliament finally gave approval and passed the South Australia Act on 15 August 1834.
The founding Board of directors were George Fife Angas ; Raikes Currie; Charles Hindley MP; James Hyde; Henry Kingscote; John Pirie, Alderman; Christopher Rawson; John Rundle MP; Thomas Smith; James Ruddell Todd; and Henry Waymouth; with Edmund John Wheeler, Manager; Samuel Stephens, Colonial Manager; and Edward Hill, Secretary pro tem.

Purpose

The original purpose of the company was to help prospective colonists meet the obligations set out in the South Australia Act 1834. The United Kingdom did not want the "province" to be a financial burden, like other colonies, and imposed certain conditions through the Act. One of these conditions was the sale of real property to the value of £35,000. Each director was required to buy at least £2,500 in shares in the company. The biggest sales in land carried out by the company were done in the names of Angas, who purchased £40,000, and the Currie family, who purchased £9,000. Research published in 2018 and 2019 concluded that these sales and the creation of company, which secured the establishment of South Australia, link the colony's creation with slavery in the British West Indies.

First Fleet of South Australia (1836)

After a historic meeting at Exeter Hall on 30 June 1834, where the principles, objects, plan and prospects of the new Colony of South Australia were explained to the public, hundreds of enquiries from prospective immigrants started to arrive at the South Australian Association's rooms at 7 John Street, Adelphi.
Under the emigration scheme, labouring classes received free passage. They had to be between 15 and 30 years of age, preferably married, and needed two references. Steerage passengers paid £15-20, middle berth £35-40, and cabin class £70. Children under 14 years were charged £3 while those under 1 year were free.
Although the ships had been assessed for their suitability to convey immigrants, the captain was responsible for their welfare once on board.
All emigration to South Australia was voluntary. The immigrants were remarkable or the high percentage of women and children who arrived on the first fleet. The nine ships to arrive in South Australia in 1836 landed 343 males, 164 females and 129 children, for a total 636 passengers. The passengers' average age was only 19 years.
In January 1836 four ships sailed from England on behalf of the Company. They developed a settlement at Kingscote on Kangaroo Island, in July 1836, but when farming proved unviable, they transferred their settlement to the mainland. The Company provided basic infrastructure for the new colony and sold or leased land to immigrants who came to settle.
Over the course of six months nine ships, which may be termed the First Fleet of South Australia, arrived in the new colony:
DateShipSizePurposePassengers
27 JulyDuke of YorkS.A. Company38 passengers
30 JulyS.A. Company29
16 AugustS.A. Company28
21 AugustCommissioners24
11 SeptemberCommissioners84
5 OctoberS.A. Company22
2 NovemberVarious76
20 NovemberTam O'ShanterO. Gilles74
23 DecemberCommissioners171

Colonial Managers

The Colonial Managers of the South Australian Company were:
Manager
From
To
Notes
18361837
18371841
18411861
18611894
18941900
19011929
19301936
19361949

Officers of the company

Most of the major streets in the Adelaide city centre were named after the founding directors of the company
;Chairmen
;Directors
;Company Secretaries
;Attorneys in South Australia
;Local Board of Advice, Adelaide
;Accountants
From 1872, the South Australian Company occupied offices on North Terrace on the corner of Gawler Place. The new building, "Gawler Chambers", was completed in 1914.

List of people associated with the South Australian Company

Most of the major streets in the Adelaide city centre were named after the founding directors of the company. Naming of the settlements streets was completed on 23 May 1837 and gazetted on 3 June by the Street Naming Committee.
WhoAssociationStreetsNotes
CommissionerAngas Street
Founding directorCurrie Street
Divett, EdwardTrusteeDivett Place
Resident Commissioner Hurtle Square
Fussell, JohnTrusteeTook over from Henry Waymouth after his death in January 1848.
Governor of SA Gawler PlaceGawler, Gawler Ranges, etc.
Colonial Manager
Colonial Secretary Gouger Street
South Australian Church SocietyGrenfell Street
Governor of SA
Founding directorHindley Street
Governor of SA Hindmarsh Square
CommissionerHutt Street
Founding DirectorKingscote, Kangaroo Island
Deputy Surveyor GeneralKingston SE
Surveyor GeneralLight Square
Colonial Manager
Moore, Henry PercivalColonial Manager
Land AgentMorphett Street
Muller, Arthur Leopold AlbertColonial Manager
Founding directorPirie Street
Rawson, ChristopherFounding director
Governor of SA Robe, South Australia
Founding directorRundle Street
Smith, ThomasFounding director
Sparks, Henry YorkeColonial Manager
First manager of SA Banking Co
Colonial Manager
Todd, James RuddellFounding director
CommissionerRiver Torrens
Drafted the bill that became the founding actWakefield Street
Early proposer of colonisation
Founding directorWaymouth Street
South Australian Church SocietyWhitmore Square
Governor of SA