Pitt Street, George Town have lived here for centuries. Pitt Street was named after William Pitt the Younger, who was the Prime Minister of Great Britain between 1783 and 1801. When Captain Francis Light founded Penang Island in 1786, he renamed the island the "Prince of Wales Island" in honour of the Prince of Wales, the new settlement of George Town after King George III and the first street within the settlement after himself. Worried that Prime Minister William Pitt may have felt offended as nothing was named after him, Light felt compelled to name Pitt Street after him. Pitt Street, created soon after
William Pitt the Younger 1798 after having spent 4 million pounds (a sum roughly equal to about £224,120,000.00 in today's money) and having lost about 100,000 dead or men crippled for life over the preceding five years, due mostly to yellow fever, achieving nothing. The British historian Sir John William Fortescue wrote that Pitt and his cabinet had tried to destroy French power "in these pestilent islands ... only to discover, when it was too late, that they practically destroyed the British army". Fortescue concluded that Pitt's attempt to add St. Domingue to the British empire had killed off most of the British army,