New Zealand Company ships
The New Zealand Company was a 19th-century English company that played a key role in the colonisation of New Zealand. The company was formed to carry out the principles of systematic colonisation devised by Edward Gibbon Wakefield, who envisaged the creation of a new-model English society in the southern hemisphere. Under Wakefield's model, the colony would attract capitalists who would then have a ready supply of labour—migrant labourers who could not initially afford to be property owners, but who would have the expectation of one day buying land with their savings.
Edward Gibbon Wakefield
The defunct New Zealand Association reformed itself as the New Zealand Company in June 1838. By the end of the year they had purchased a ship, the "Tory". Early in 1839 they discovered that although they now complied with the conditions the government had laid down for the old New Zealand Association, it was not prepared to honour its promises. Furthermore, it was actively considering making New Zealand a British Colony in which case land sales would become a government monopoly.