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Bank of Auckland
Eddaido: Created article
'''Bank of Auckland''' was a note-issuing bank which took up deposits, made loans and was entitled to deal in precious metals but was not permitted to purchase real estate except to carry on their proper business.<ref name=Leg>[https://ift.tt/2TB6K8Z New Zealand Acts as enacted]</ref>
Bank of Auckland operated at The Banking House on the corner of O'Connell and Shortland Streets, [[Auckland, New Zealand]] for almost three years from 11 July 1864<ref>[https://ift.tt/33Cu6j0 Bank of Auckland is now opened] ''New Zealand Herald'' 11 July 1864 Page 1 </ref> until its collapse reported on 1 April 1867.<ref>[https://ift.tt/2TLVSFz ''Te Ara''] banking and finance</ref> It was incorporated under the Bank of Auckland Act 1864.<ref name=Leg/> The capital was raised by public subscription to form a local provincial (i.e. Auckland Province) bank.<ref>[https://ift.tt/33H03qL ''The Bank of Auckland''] ''New Zealander'' 28 May 1864 Page 1</ref>
The first directors when the company shares were promoted to the public were reported to be: [[James O'Neill (New Zealand politician)|James O'Neill]] (President), [[Henry Isaacs]], [[David Nathan (merchant)|David Nathan]], [[Maurice O'Rorke|G. M. O'Rorke]], and [[Allan Kerr Taylor|Allan K. Taylor]] and the Manager was [[Charles F. Johns]]. Both O'Neill and Nathan were directors of the [[Bank of New Zealand]].<ref>[https://ift.tt/2TBP9O8 Monetary and Commercial. ''Daily Southern Cross''] 28 May 1864 Page 4</ref> Mr Nathan was an original shareholder but did not take up a seat on the board of the new bank.<ref>[https://ift.tt/33CI6JL Makers of Auckland. ''New Zealand Herald''] 1 August 1929 Page 6 </ref>
A few days after its collapse the four other banks then operating in Auckland: Union Bank of Australia, Bank of New South Wales, Bank of New Zealand and Bank of Australasia agreed to take up the bank's business and discharge the bank's liabilities.<ref>[https://ift.tt/2TChLGW Bank of Auckland. ''New Zealand Herald''] 3 April 1867 Page 3</ref>
==Share of New Zealand's banking business:==
30th June 1866 <ref>[https://ift.tt/33vlKK2 ''New Zealand Herald'' ] 8 October 1866 Page 6 </ref>
==References==
[[Category:Companies based in Auckland]]
[[Category:Defunct banks of New Zealand]]
[[Category:1864 establishments in New Zealand]]
[[Category:Companies disestablished in 1867]]
Bank of Auckland operated at The Banking House on the corner of O'Connell and Shortland Streets, [[Auckland, New Zealand]] for almost three years from 11 July 1864<ref>[https://ift.tt/33Cu6j0 Bank of Auckland is now opened] ''New Zealand Herald'' 11 July 1864 Page 1 </ref> until its collapse reported on 1 April 1867.<ref>[https://ift.tt/2TLVSFz ''Te Ara''] banking and finance</ref> It was incorporated under the Bank of Auckland Act 1864.<ref name=Leg/> The capital was raised by public subscription to form a local provincial (i.e. Auckland Province) bank.<ref>[https://ift.tt/33H03qL ''The Bank of Auckland''] ''New Zealander'' 28 May 1864 Page 1</ref>
The first directors when the company shares were promoted to the public were reported to be: [[James O'Neill (New Zealand politician)|James O'Neill]] (President), [[Henry Isaacs]], [[David Nathan (merchant)|David Nathan]], [[Maurice O'Rorke|G. M. O'Rorke]], and [[Allan Kerr Taylor|Allan K. Taylor]] and the Manager was [[Charles F. Johns]]. Both O'Neill and Nathan were directors of the [[Bank of New Zealand]].<ref>[https://ift.tt/2TBP9O8 Monetary and Commercial. ''Daily Southern Cross''] 28 May 1864 Page 4</ref> Mr Nathan was an original shareholder but did not take up a seat on the board of the new bank.<ref>[https://ift.tt/33CI6JL Makers of Auckland. ''New Zealand Herald''] 1 August 1929 Page 6 </ref>
A few days after its collapse the four other banks then operating in Auckland: Union Bank of Australia, Bank of New South Wales, Bank of New Zealand and Bank of Australasia agreed to take up the bank's business and discharge the bank's liabilities.<ref>[https://ift.tt/2TChLGW Bank of Auckland. ''New Zealand Herald''] 3 April 1867 Page 3</ref>
==Share of New Zealand's banking business:==
30th June 1866 <ref>[https://ift.tt/33vlKK2 ''New Zealand Herald'' ] 8 October 1866 Page 6 </ref>
==References==
[[Category:Companies based in Auckland]]
[[Category:Defunct banks of New Zealand]]
[[Category:1864 establishments in New Zealand]]
[[Category:Companies disestablished in 1867]]
August 16, 2019 at 06:15PM
