Application Variables not being persisted - coldfusion

Question

Problem:
I have 2 files in the same folder:
index.cfm
application.cfc
My index.cfm is empty and below is my application.cfc code:
<cfcomponent>
<cffunction name="onApplicationStart">
<cfapplication name="TimeHistory" clientmanagement="No" sessionmanagement="No" setclientcookies="Yes" />
<cflock scope="application" type="exclusive" timeout=10>
<cfset application.test = "xxxxxxxxxxxxxx">
</cflock>
<cfreturn true />
</cffunction>
<cffunction name="onRequestStart">
<cfdump var="#application#" label="before">
<cfif structKeyExists(URL, "restart")>
<cfset onApplicationStart()>
</cfif>
<cfdump var="#application#" label="after">
<cfabort>
</cffunction>
</cfcomponent>
As you can see, I am setting a test variable in the application scope.
When I call the page with the ?restart URL query param, this is the output:
url: ../index.cfm?restart
Next,I removed the ?reset URL query param and loaded the page, this is the output:
url: ../index.cfm
Question:
Should it not have set the variable as part of the first call and then be persisted for future calls? How can I make it do so?

Answer 1

Based on +Leigh's comment , I modified my code which now works. Leaving this here as a solution. Thank you Leigh :)
<cfcomponent>
<cfscript>
this.name = "TimeHistory";
this.clientmanagement= "no";
this.sessionmanagement = "no";
this.setClientCookies = "no";
this.setDomainCookies = "no";
</cfscript>
<cffunction name="onApplicationStart">
<cflock scope="application" type="exclusive" timeout=10>
<cfset application.test = "xxxxxxxxxxxxxx">
</cflock>
<cfreturn true />
</cffunction>
<cffunction name="onRequestStart">
<cfdump var="#application#" label="before">
<cfif structKeyExists(URL, "restart")>
<cfset onApplicationStart()>
</cfif>
<cfdump var="#application#" label="after">
<cfabort>
</cffunction>
</cfcomponent>