Volcano Islands uninhabited. The first recorded sighting by Europeans was in October 1543 by Spanish navigator Bernardo de la Torre on board of carrack "San Juan de Letrán" when trying to return from Sarangani to New Spain. Iwo Jima was charted as Sufre, the old Spanish term for sulphur. The islands were uninhabited until 1889, when the two northern islands were settled by Japanese settlers from the Izu Islands. They were annexed by Japan in 1891. The population was about 1,100 in 1939, distributed among five settlements: Higashi, Minami, Nishi, Kita and Motoyama (meaning "East", "South", "West", "North" and "Mountain of Origin",
Economy of the British Virgin Islands Islands was the second largest source of foreign direct investment in the world (behind Hong Kong) with over US$123,000,000,000. Almost all of these sums are directly attributable to investment through the Territory's offshore finance industry. The British Virgin Islands also promotes a number of regulated financial services products. The most important of these is the formation and regulation of offshore investment funds. The Territory is also the second largest domicile for formation of offshore investment funds (behind the Cayman Islands) with 2,422 licensed open-ended funds as at 30 June 2012 (there is no official statistics for closed-ended funds which are