In the Nineteenth Century, British businessmen were interested in developing colonial resources in Australia to ensure a cheap supply of wool to fuel the growing textile factories in Britain. As such, the Van Diemen's Land Company was formed in May 1824 and the colonists William Sorell and Edward Curr were enlisted.
During the nineteenth century, British businesses aimed to secure a cost-effective source of wool from Australia for their expanding textile factories in Britain. The Van Diemen's Land Company was formed in May 1824 by prominent British businessmen, William Sorell and Edward Curr.