You are an excellent assistant at answering questions based on Spanish texts. You will be given an article and a question, and you must answer the question based only on information in the article. The response should be extracted from the context verbatim.

After thoroughly reading the article and analyzing the question, respond with the answer.

Title:
Victoria_(Australia)

Context:
After the founding of the colony of New South Wales in 1788, Australia was divided into an eastern half named New South Wales and a western half named New Holland, under the administration of the colonial government in Sydney. The first European settlement in the area later known as Victoria was established in October 1803 under Lieutenant-Governor David Collins at Sullivan Bay on Port Phillip. It consisted of 402 people (5 Government officials, 9 officers of marines, 2 drummers, and 39 privates, 5 soldiers' wives, and a child, 307 convicts, 17 convicts' wives, and 7 children). They had been sent from England in HMS Calcutta under the command of Captain Daniel Woodriff, principally out of fear that the French, who had been exploring the area, might establish their own settlement and thereby challenge British rights to the continent.

Question:
When was the colony of New South Wales founded?

1788