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“Advance Australia” refers to the national anthem of the nation, Advance Australia Fair. The original 1879 lyrics included interesting lines describing the relationship between Australia and England:
When gallant Cook from Albion sail’d,
To trace wide oceans o’er,
True British courage bore him on,
Til he landed on our shore.
Then here he raised Old England’s flag,
The standard of the brave;
“With all her faults we love her still”
“Britannia rules the wave.”
In joyful strains then let us sing,
Advance, Australia fair.
While other nations of the globe
Behold us from afar,
We’ll rise to high renown and shine
Like our glorious southern star;
From England soil and Fatherland,
Scotia and Erin fair,
Let all combine with heart and hand
To advance Australia fair.
Cook refers to Captain James Cook, the British explorer who discovered Australia (and New Zealand, and Hawaii) and claimed them for Great Britain.
Albion is the ancient name for England, first used around 600 BCE.
Britannia is a symbol of the nation. The phrase, “Britannia rules the wave” dates from the age of sail, when the oceans were indeed policed by the enormous British fleet. Isn’t it amazing all the things you can learn about a nation from a single coin?