Lady Banks first entered Lloyd's Register (LR) in 1810 with Meadburn, owner, but no master or trade.

[9] As Lady Banks was sailing back to London from Bengal she had to put into Point de Galle with six feet of water in her hold.

[11] The next report was that Lady Banks had been condemned at the Cape of Good Hope, and that her passengers were coming home in the Danish ship Antoinette.

[13] A court case in London by the owners of chests of indigo aboard Lady Banks revealed that she had left Calcutta on 21 December 1820, and Trincomalee on 17 February 1821.

Captain Vallance, acting in good faith and under instruction of the Vice admiralty court at Mauritius, then abandoned Lady Banks and all her remaining cargo.