Pitcairn Islands Pitcairn Islands Background Pitcairn Island was discovered in 1767 by the British and settled in 1790 by the Bounty mutineers and their Tahitian companions. Pitcairn was the first Pacific island to become a British colony (in 1838) and today remains the last vestige of that empire in the South Pacific. Outmigration, primarily to New Zealand, has thinned the population from a peak of 233 in 1937 to less than 50 today. Pitcairn Islands Economy The inhabitants of this tiny isolated economy exist on fishing, subsistence farming, handicrafts, and postage stamps. The fertile soil of the valleys produces a wide variety of fruits and vegetables, including citrus, sugarcane, watermelons, bananas, yams, and beans. Bartering is an important part of the economy. The major sources of revenue are the sale of postage stamps to collectors and the sale of handicrafts to passing ships. Pitcairn Islands Location Oceania, islands in the South Pacific Ocean, about midway between Peru and New Zealand Pitcairn Islands Flag blue with the flag of the UK in the upper hoist-side quadrant and the Pitcairn Islander coat of arms centered on the outer half of the flag; the coat of arms is yellow, green, and light blue with a shield featuring a yellow anchor
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