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Botany Bay was never formally proclaimed as a penal settlement. Botany Bay was the site recommended by James Cook and Joseph Banks, but it was not the site settled as a penal colony.Sydney Cove (Port Jackson) was formally proclaimed a penal settlement with the raising of the British flag on 26 January 1788.
In the Penal Colony was created in 1919-10.
Sir Joseph Banks was a Lincolnshire landowner, a botanist and a scientist. He sailed on Captain Cook's first voyage when they landed in New South Wales (then called New Holland). He was influential in persuading the British Government to set up a Penal Colony in NSW, he corresponded with the early Governors of New South Wales and is well known in both Australia & New Zealand as the Father of Australasia.
New South Wales was once a British penal colony, as was Van Diemen's Land (now Tasmania).
Penal Colony