 The debt was the result of the failed operations of the Vaitupu Company, which had been established by Thomas William Williams, with part of the debt relating to the attempts to operate the trading schooner "Vaitupulemele".The Vaitupuans continue to celebrate Te Aso Fiafia (Happy Day) on 25 November of each year.Te Aso Fiafia commemorates 25 November 1887 which was the date on which the final instalment of the debt of $13,000 was repaid.