Victory was built by Fenwick & Co, Sunderland in 1847 and owned by Willis, Gunn and Co (the company advertised as H H Willis and Co) and later owned by Wilson and Cook. She was a 578- or 579-ton barque that brought some of the first immigrants from England to Dunedin in July 1848. She also called at Wellington, New Zealand, in August 1848. There was an advertisement that gave her weight as 700 tons, but, given that her captain in 1851 was Mullens, it was unlikely to be another ship.