 This was the beginning of his holdings in The Reedbeds area, the shallow marshland of the Torrens outlet which includes the modern suburbs Fulham, Lockleys and Underdale.By 1843 he and his tenants had 100 acres of wheat and 10 of barley and some pigs, cows and horses beside.In the early 1840s the Colony was bankrupted by Governor Gawler's lavish spending on infrastructure (largely to stave off unemployment) and George Grey was sent out to replace him, and effected strict economies.