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The Company of New Georgia was formed
Source: Historical proof of the right of the Catholic King to the territory held to-day by the British King under the name of New Georgia #558
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They also abandoned it [territory between the San Juan River and Santa Catharina] in the year 1727, leaving it depopulated until the formation of the Company of New Georgia, to which the reigning British Majesty granted a patent in the year 1732, in which he disposes of the dominion of that continent, granting to the company all that may not have been previously occupied by subjects of England. 80. [Bolton note: It does not seem to occur to Arredondo that Georgia might be founded within the territory assigned to Carolina.]
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