In 1846, the Tahitian firm of Collie and Lucett attempted to establish a small stock-raising and copra-harvesting community on the island; the operation met with limited financial success. In 1868, Caroline was claimed for Britain by the captain of HMS "Reindeer", which noted 27 residents in a settlement on South Islet. The island was leased by the British government to Houlder Brothers and Co. in 1872, with John T. Arundel as the manager; two of the islets are named for him. Houlder Brothers and Co. conducted minimal guano mining on the island from 1874. John T. Arundel and Co. took over the lease and the industry in 1881; the company supplied a total of about 10,000 tons of phosphate until supplies became exhausted in 1895. In 1885 Arundel established a coconut plantation, but the coconut palms suffered from disease and the plantation failed. The settlement on the island lasted until 1904, when the six remaining Polynesians were relocated to Niue.