this influence is still reflected in the names of shops, streets and many buildings. Punta Arenas is said to have the largest percentage of Croatians in the world outside Croatia and the former Yugoslavia. Punta Arenas also has the largest percentage of residents of British descent in the whole Chile. Punta Arenas is home to the southernmost Hindu temple in the world, which is used by the relatively small, but significant, Sindhi community in Punta Arenas. Sindhi merchants began arriving in the area during the early 1900s, and today constitute one of the largest communities of Indians in Chile. Economy By 2006 the economy of Punta Arenas and the region had diversified. Chile's principal oil reserves are close by, along with some low-grade coal. Agricultural production, including sheep and cattle, continues to play a significant role. Tourism has contributed to the city's economy and steady growth. Tourist destinations include the Cathedral and other notable churches, the city cemetery, and the statue of Magellan. Some cruise ships to Antarctica depart from Punta Arenas's port, which also serves as a hub for many cruise lines that travel along the channels and fjords of the region. A scheduled ferry service connects Punta Arenas with the main island of Tierra del Fuego, and a less frequent ferry runs to the Chilean town of Puerto Williams. Education University of Magallanes (UMAG) is in the southern Chilean city of Punta Arenas. It is part of the Chilean Traditional Universities. The University of Magallanes was established in 1981 during the neoliberal reforms of Chile's military regime as the successor of Universidad Técnica del Estado's Punta Arenas section. Universidad Técnica del Estado had established the Punta Arenas section in 1961. The University of Magallanes has campuses in Punta Arenas and Puerto Natales as well as a university centre in Puerto Williams. University of Magallanes publishes the humanities and social sciences journal Magallania twice a year. There is a German school, Deutsche Schule Punta Arenas. Culture Nao Victoria Museum This museum exhibits a full-size replica of the first ship ever to circumnavigate the world: Ferdinand Magellan's Nao Victoria. Since October 2011, the museum has added a full-size replica of the James Caird, used by Ernest Shackleton during his Imperial Trans-Antarctic Expedition with the Endurance. The museum is located 7.5 km north on Route Y-565 to Rio Seco. Administration As a "comuna" (commune) Punta Arenas is a third-level administrative division