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In page French Island (Victoria):

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The first recorded settlers on the island were William and John Gardiner in 1847, who had the first pastoral lease and grazed 8,000 sheep. The first land subdivision was in 1867, when 4,733 acres (1,915 ha) were divided into 14 allotments. The first land sales took place in 1873 with the minimum price £1 per acre.[citation needed]