On 28 December 1814 Betsey, under the command of Philip Goodenough, left Sydney for Macquarie Island, where she arrived on 13 February 1815.

Contrary winds meant that Betsey was unable to return either to Macquarie Island or to Sydney.

Progress was very slow, and soon after abandoning Betsey, Goodenough ordered the rope between the jollyboat and the whaleboat to be cut.

[citation needed] Betsey itself was eventually blown ashore near Great Exhibition Bay and went to pieces.

One source states that she was of some 222 tons, had been built at Chittagong, India, and registered at Calcutta by Hogur & Co.[2] An earlier source has the only Betsey being built at Chittagong being launched in 1803, of 280 tons, and being lost in the Derwent, in New South Wales.