You would be called a proprietor
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The people who owned and controlled all the land of a colony were called proprietors or Lord Proprietors. Initially land was divided up by giving "headrights",which means, anyone who had paid his own passage was given 100 acres. Those given the land grants, had to pay a fee to the Lord Proprietors.
HE DID NOT PAY THE INDIANS FOR LAND INSTEAD HE WENT AND FOUND UN OWNED LAND
Territory ruled by a distant land is called a colony. A colony is any people or territory separated from but subject to a ruling power or government.
that would be the settlement on Roanoke Island. It was unsuccessful so it was the "Lost Colony."
The land was originally owned by Spain.