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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. Population 48 (July 2010 est.) Government type none (overseas territory of the UK) Administrative divisions NA Independence Birthday of Queen ELIZABETH II, second Saturday in June (1926) International organization participation 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 Economy - overview Market value of publicly traded shares postage stamps, handicrafts, beekeeping, honey Agriculture - products Industries NA kWh; note - electric power is provided by a small diesel-powered generator Industrial production growth rate Electricity - production Internet country code