It may be difficult for us to understand today why the the site at Farnborough was seen as favourable for the establishment of a sugar industry in the 1880's, however at the time sugar was a boom crop, its world price was high, Australia's economic optimism hadn't been shattered by the depression of the 1890's and then, as now, people simply wanted to believe. Whatever may have appealed to the initial propenents and investors it had become apparent by mid 1886 that the venture was performing poorly and the ordinary shareholders were becoming alarmed and demanding reassurance, this loss of confidence in the company's future led to its liquidation in 1888, only 5 years after its inception. The company survived this crisis but the continued recuurence of similar crises finally led to its demise in 1903. |