 It was the determination of these settlers that caused Freetown to take shape and survive after they founded it in March 1792.The Company issued decimal currency in the form of dollars and cents struck by Matthew Boulton at Soho Mint and issued in 1791 (although these coins did not circulate until the founding of the Colony in 1792) and 1796.When war broke out between Great Britain and France (one of the French Revolutionary Wars) the Company lost supplies and a number of ships to privateers and the French navy.