backed these groups as they were keen to maintain their influence in the region, most especially in their mineral-rich colony of New Caledonia where they were attempting to suppress an independence movement. Meanwhile, economic development continued, with numerous banks and financial centres opening up in the early 1970s to take advantage of the territory's tax haven status. A mini-building boom took off in Port Vila and, following the building of a deep-sea wharf, cruise ship tourism grew rapidly, with annual arrivals reaching 40,000 by 1977. The boom encouraged increasing urbanisation and the populations of Port Vila and Luganville grew rapidly. In November 1974, the British and French met and agreed to create a Representative Assembly in the colony, based partly on universal suffrage and partly on appointed persons representing various interest groups. The first election took place in November 1975, resulting in an overall victory for the NHNP. The Moderates disputed the results, with Jimmy Stevens threatening to secede and declare independence. The Condominium's Resident Commissioners decided to postpone the opening of the Assembly, though the two sides proved unable to agree on a solution, prompting protests and counter-protests, some of which turned violent. After discussions and some fresh elections in disputed areas, the Assembly finally convened in November 1976. The NHNP renamed itself the Vanua'aku Pati (VP) in 1977, and now supported immediate independence under a strong central government and an Anglicisation of the islands. The Moderates meanwhile supported a more gradual transition to independence and a federal system, plus the maintenance of French as an official language. In March 1977, a joint Anglo-French and Ni-Vanuatu conference was held in London, at which it was agreed to hold fresh Assembly elections and later an independence referendum in 1980; the VP boycotted the conference and the subsequent election in November. They set up a parallel 'People's Provisional Government' which had de facto control of many areas, prompting violent confrontations with Moderates and the Condominium government. A compromise was eventually brokered, a Government of National Unity formed under a new constitution, and fresh elections held in November 1979, which the VP won with a comfortable majority. Independence was now scheduled for 30 July 1980. Performing less well than expected, the Moderates disputed the results. Tensions continued throughout 1980. Violent confrontations occurred between VP and Moderate supporters on several islands. On Espiritu Santo Nagriamel and Moderate activists under Jimmy Stevens, funded by