Patrons gathered in City Park to honour the memories of those who served in the Boer War on Sunday, June 16.
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About 850 Tasmanians served in the Boer War and 42 of those who served lost their lives in the conflict.
Two of those that served were also awarded the Victoria Cross.
This year is the 120th anniversary of the war that occurred between 1899-1902.
In particular the service marks the signing of Vereeniging Treaty that brought the war between the United Kingdom, the Boer Republic and the Orange Free State to an end.
Organiser Reg Watson said it's important to highlight the significance of this conflict as many know little about it.
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"That's been one of my ambitions - to highlight the Boer War," Mr Watson said.
"It's been forgotten and I think it's been overshadowed by the First World War which came 12 years later."
In Mr Watson's speech he highlighted the importance of making sure that the memory of the Boer War would not be lost in history.
"It is important to keep the memory alive," Mr Watson said.
"This war before the Great War, but surely the war where the Australian soldier really came into his own.
"The original ANZACs. We should be proud of their service."
Many came to pay tribute to the fallen, including Launceston mayor Albert van Zetten and Veterans' Affairs Minister Guy Barnett.
The Launceston RSL City Brass Band were also on hand to play not only the Australian National Anthem but the rarely played 'Tasmanian Anthem'.
Mr Watson highlighted that all who contributed to the service did so voluntarily.
"The whole idea is to keep the ceremony simple, formal, but not too formal, free from influences corporate or political with the whole emphasis on those who indeed served," Mr Watson said in his speech.
The day not only paid tribute to Tasmanians that fought in the war, but also served as a reminder of the civilians who were caught in the conflict.
"A lot of them [civilians] died in concentration camps," Mr Watson said.
"They were mainly Boer civilians, the innocent always suffer from war."
This is the 13th year the Boer War service has been held, Mr Watson said that services past have hosted British and South African representatives.