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The cutter was laden with firewood and was owned by R. The Diana was a Bay and coastal trader with runs between Launceston, Western Port, Geelong, Melbourne and Port Fairy.

See also, Australian National Shipwreck Database: Diana, and Heritage Council Victoria: Diana.

The then barque arrived in Melbourne from Glasgow in 1854 with 21 passengers. See also, Wikipedia: Fairey Firefly, and Australian National Shipwreck Database: Frankston - Fairey Firefly.As part of a maritime and terrestrial landscape it is in proximity to White Cliffs at Rye which produced lime and has remains of historic lime kilns.It is recreationally and educationally significant as the coherent remains of a wooden vessel within swimming distance from Rye Pier and lies in snorkelling depth. Driven stern first on to a reef about 1/4 mile from shore, battered to pieces. The three men were sleeping when storm struck, anchor failed to grip.The Foig a Ballagh, which lies between Coles and West Channel, Port Phillip, is representative of one of the small trading sailing vessels, carrying essential goods into and out of Melbourne during the nineteenth century.Coal was becoming an indispensible commodity in Victoria from the 1850s onwards with the development of the railways and the new steamships that were becoming increasingly popular and Foig-a-Ballagh was a coal-carrying trader.

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