The settlement was established as a proprietary colony and funded by Sir William Courten, a City of London merchant who acquired the title to Barbados and several other islands. The first colonists were actually tenants, and much of the profits of their labour returned to Courten and his company. Courten's title was later transferred to James Hay, 1st Earl of Carlisle, in what was called the "Great Barbados Robbery". Carlisle then chose as governor Henry Hawley, who established the House of Assembly in 1639, in an effort to appease the planters, who might otherwise have opposed his controversial appointment.