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The Falkland Islands are an overseas territory of Britain, and their flag, first hoisted in 1948, symbolizes that association. The coat of arms features a ram symbolic of the sheep industry on the islands. It also includes a ship (the Desire), one used by John Davies, whose crew discovered the islands in 1592. The Falkland's motto is scrolled at the bottom of the arms.
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Map of the Falkland Islands here!