[1][2] The vessel was used mainly for the conveyance of stores between Tasmania and Norfolk Island.

In July 1846 the vessel brought John Price, a formerly Police Magistrate at Hobart Town, and his family to replace Major Joseph Childs as head of the convict prison settlement on Norfolk Island.

[3] Also on board the Lady Franklin was Francis Burgess, a judge appointed to conduct the trials of nine convicts gaoled several months previously on stabbing, robbery and "unnatural offence" charges.

[8] In 1855 the Lady Franklin was put to public auction where it was sold to F. A.

In 1864 the ship was sold again by auction for £350 to Alexander McGregor, a shipowner and merchant.