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Charles Grimes, is believed to be the first European explorer to explore the Yarra river.
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Land was sub-divided and the first public lad sales were completed shortly after.
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John Dight purchased Melbourne block 88, which contained 26 acres of land along the Yarra river.
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In April 1840, Dight notified his costumers in New South Wales by The Sydney Herald that he was leaving to go to Port Philip.
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In 1841, the first steam powered flour mill was constructed in Melbourne.
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The dights family Abandoned flour milling in 1864.
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After the Dights family abandoned flour milling in 1864 his land was sold to Edwin Trennery in 1878.
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The original mill on the river bank remained unoccupied until 1888, when flour millers Gillespie, Aitken and Scott, operating under the name of 'Yarra Falls Roller Flour Mills' constructed a new mill and associated buildings at the site.
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The enterprise was sold in 1891 to The Melbourne Flour Milling Company.
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When a timber structure was built to provide water to the Melbourne Water Milling Company.
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For the last time the mill changed owners in 1909 before it was later destroyed by a fire. The mill ruins can still be found at Dights Falls today.
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The first documented reconstruction occurred in 1918 when part of the timber washed away in floods.
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A breech of the weir on 24 December 1940 prompted another rebuild and the distribution of 1.5 tonnes of rock from the edge of the weir downstream.
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A further breech of the weir occurred after heavy rainfall in 1967.
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In 1993 Melbourne Water recognised that the weir was a barrier to fish migration and constructed a rock fishway to allow fish to move around the weir.