...where he proposed to invest some £10,000 in the wool industry and the cultivation of drugs; he applied for a grant of 5000 acres (2024 ha)
Montefiore acquired large tracts of land in New South Wales and by 1838 owned 12,502 acres (5059 ha) by grant or purchase, including Nanima station, near Wellington. Though a landowner, he never became an 'agriculturist' as he had originally intended. In partnership with his brother Jacob (1801-1895), who in 1835-39 was a member of the South Australian Colonization Commission in London, he made a large fortune in real estate, helped to found the Bank of Australasia....
By 1844 the Montefiore brothers, assisted by numerous friends and possibly the London Rothschilds, were back in business and Joseph B. Montefiore decided to try his luck in South Australia.
Source: https://adb.anu.edu.au/biography/montefiore-joseph-barrow-2472
Archive: https://archive.ph/oCVnO
> ...where he proposed to invest some £10,000 in the wool industry and the cultivation of drugs; he applied for a grant of 5000 acres (2024 ha)
> Montefiore acquired large tracts of land in New South Wales and by 1838 owned 12,502 acres (5059 ha) by grant or purchase, including Nanima station, near Wellington. Though a landowner, he never became an 'agriculturist' as he had originally intended. In partnership with his brother Jacob (1801-1895), who in 1835-39 was a member of the South Australian Colonization Commission in London, he made a large fortune in real estate, helped to found the Bank of Australasia....
> By 1844 the Montefiore brothers, assisted by numerous friends and possibly the London Rothschilds, were back in business and Joseph B. Montefiore decided to try his luck in South Australia.
> Source: https://adb.anu.edu.au/biography/montefiore-joseph-barrow-2472
> Archive: https://archive.ph/oCVnO
(post is archived)