1893 Australian Banking Crisis
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1893 Australian Banking Crisis
The 1893 banking crisis in the Australian colonies involved the collapse of a considerable number of commercial banks and building societies, and a general economic depression. It occurred at the same time as the US Panic of 1893 (1893–1897). Foundations During the 1880s, there had been a speculative boom in the Australian property market. The optimistic climate was fostered by the commercial banks, and also led to the proliferation of non-bank institutions such as building societies; as they were operating in a free banking system, there were few legal restrictions on their operations, and there was no central bank or government-provided deposit guarantees. Consequently, these banks and related bodies lent extravagantly, for property development in particular, but following the collapse of the land boom after 1888, a large number of enterprises that had borrowed money found themselves unable to repay these debts, and many began to declare bankruptcy. Crisis Banks and non- ...
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Building Society
A building society is a financial institution owned by its members as a mutual organization. Building societies offer banking and related financial services, especially savings and mortgage lending. Building societies exist in the United Kingdom, Australia and New Zealand, and used to exist in Ireland and several Commonwealth countries. They are similar to credit unions in organisation, though few enforce a common bond. However, rather than promoting thrift and offering unsecured and business loans, the purpose of a building society is to provide home mortgages to members. Borrowers and depositors are society members, setting policy and appointing directors on a one-member, one-vote basis. Building societies often provide other retail banking services, such as current accounts, credit cards and personal loans. The term "building society" first arose in the 19th century in Great Britain from cooperative savings groups. In the United Kingdom, building societies actively compete ...
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English, Scottish And Australian Bank
The English, Scottish & Australian Bank Limited was an Australian bank founded in 1852 by Royal Charter in London and named English, Scottish and Australian Chartered Bank. Following a financial reconstruction in 1893 its business was renamed English, Scottish and Australian Bank Limited. Known to all as ES&A it merged with ANZ on 1 October 1970 to form Australia and New Zealand Banking Group Limited. History ES&A opened its first Australian branch in Sydney in 1853. Australian banknotes were printed by the bank and issued at branches in Sydney, Adelaide, Hobart and Melbourne. In 1893 its business was renamed the English, Scottish & Australian Bank Limited following a financial upheaval. It was one of 16 banks which supplied blank note forms to the Australian Government in 1911 which were superscribed as redeemable in gold and issued as the first Commonwealth notes. The Commercial Bank of Tasmania and the London Bank of Australia were taken over in 1921 and the Royal Bank o ...
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Telegraph (Brisbane)
The ''Telegraph'' was an evening newspaper published in Brisbane, Queensland, Australia. It was first published on 1 October 1872 and its final edition appeared on 5 February 1988. In its day it was recognised as one of the best news pictorial newspapers in the country.Daily Sun, Saturday, 6 February 1988 Its Pink Sports edition (printed distinctively on pink newsprint and sold on Brisbane streets from about 6 pm on Saturdays) was a particularly excellent production produced under tight deadlines. It included results and pictures of Brisbane's Saturday afternoon sports including the results of the last horse race of the day. History In 1871 a group of local businessmen, Robert Armour, John Killeen Handy (M.L.A. for Brisbane), John Warde, John Burns, J. D. Heale and J. K. Buchanan formed the Telegraph Newspaper Co. Ltd. The editor was Theophilus Parsons Pugh, a former editor of the ''Brisbane Courier'' and founder of ''Pugh's Almanac''.Queensland Press Limited history report 19 ...
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The West Australian
''The West Australian'' is the only locally edited daily newspaper published in Perth, Western Australia. It is owned by Seven West Media (SWM), as is the state's other major newspaper, ''The Sunday Times''. It is the second-oldest continuously produced newspaper in Australia, having been published since 1833. It tends to have conservative leanings, and has mostly supported the Liberal–National Party Coalition. It has Australia's largest share of market penetration (84% of WA) of any newspaper in the country. Content ''The West Australian'' publishes international, national and local news. , newsgathering was integrated with the TV news and current-affairs operations of ''Seven News'', Perth, which moved its news staff to the paper's Osborne Park premises. SWM also publish two websites from Osborne Park including thewest.com.au and PerthNow. The daily newspaper includes lift-outs including Play Magazine, The Guide, West Weekend, and Body and Soul. Thewest.com.au is the on ...
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Australian Bank Of Commerce
Australian(s) may refer to: Australia * Australia, a country * Australians, citizens of the Commonwealth of Australia ** European Australians ** Anglo-Celtic Australians, Australians descended principally from British colonists ** Aboriginal Australians, indigenous peoples of Australia as identified and defined within Australian law * Australia (continent) ** Indigenous Australians * Australian English, the dialect of the English language spoken in Australia * Australian Aboriginal languages * '' The Australian'', a newspaper * Australiana, things of Australian origins Other uses * Australian (horse), a racehorse * Australian, British Columbia, an unincorporated community in Canada See also * The Australian (other) * Australia (other) * * * Austrian (other) Austrian may refer to: * Austrians, someone from Austria or of Austrian descent ** Someone who is considered an Austrian citizen, see Austrian nationality law * Austrian German dialect * ...
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City Bank Of Sydney
A city is a human settlement of notable size.Goodall, B. (1987) ''The Penguin Dictionary of Human Geography''. London: Penguin.Kuper, A. and Kuper, J., eds (1996) ''The Social Science Encyclopedia''. 2nd edition. London: Routledge. It can be defined as a permanent and Urban density, densely settled place with administratively defined boundaries whose members work primarily on non-agricultural tasks. Cities generally have extensive systems for housing, transportation, sanitation, Public utilities, utilities, land use, Manufacturing, production of goods, and communication. Their density facilitates interaction between people, government organisations and businesses, sometimes benefiting different parties in the process, such as improving efficiency of goods and service distribution. Historically, city-dwellers have been a small proportion of humanity overall, but following two centuries of unprecedented and rapid urbanization, more than half of the world population now lives in cit ...
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Queensland Times, Ipswich Herald And General Advertiser
''The Queensland Times'' is an online newspaper serving Ipswich and surrounds in Queensland, Australia. The newspaper is owned by News Corp Australia. The circulation of ''The Queensland Times'' is 10,804 Monday to Friday and 14,153 on Saturday. ''The Queensland Times'' is circulated to the Ipswich city area (all residential suburbs including the new the suburbs Springfield, Springfield Lakes and Brookwater) and the Ipswich rural area including Harrisville, Rosewood, Queensland, Rosewood, Laidley, Queensland, Laidley, Forest Hill, Queensland, Forest Hill, Lowood, Queensland, Lowood, Boonah, Queensland, Boonah, Aratula, Queensland, Aratula, Gatton, Queensland, Gatton, Esk, Queensland, Esk and Toogoolawah, Queensland, Toogoolawah. ''The Queensland Times'' website is part of the APN Regional News Network. History ''The Queensland Times'' is the oldest surviving provincial paper in Queensland. Founded on 4 July 1859 as the ''Ipswich Herald'', it has continued ever since. Until a ...
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Queensland National Bank
The Queensland National Bank is a former bank in Queensland, Australia. History In 1872, the bank was established in Brisbane. In December 1914, the bank had its head office in Brisbane with branches throughout Queensland at Allora, Aramac, Ayr, Barcaldine, Beaudesert, Biggenden, Blackall, Boonah, Bundaberg, Burketown, Cairns (with a receiving office at Gordonvale), Charleville, Charters Towers, Childers (with a receiving office at Cordalba), Clifton, Cloncurry, Cooktown, Crows Nest, Cunnamulla, Dalby (with receiving offices at Bell and Tara), Esk, Forest Hill, Fortitude Valley, Gatton (with receiving office at Grantham), Gladstone, Goombungee, Goondiwindi, Greenmount, Gympie, Halifax, Herberton, Hughenden, Ingham, Innsifail, Ipswich, Invinebank, Jandowae, Kandanga, Killarney, Kingaroy, Laidley, Longreach, Mackay, Marburg, Mareeba, Maryborough, Millmerran, Mitchell (with receiving office at Mungallala), Mount Morgan, Murgon, Muttaburra, ...
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The Inquirer And Commercial News
''The Inquirer & Commercial News'' was a newspaper published in Perth, Western Australia from 1855 to 1901. In May 1847, Edmund Stirling acquired ''The Inquirer'' from Francis Lochée, who established the paper in August 1840 together with William Tanner. Tanner disposed of his interest in the paper in June 1843. In July 1855, ''The Inquirer'' merged with ''The Commercial News and Shipping Gazette'', which was owned by Robert John Sholl, to form ''The Inquirer & Commercial News'', in the joint ownership of Sholl and Stirling. Stirling's eldest son John joined the paper around 1863 and operated the paper with his father when Sholl left. In 1878, Stirling's three other sons Horace, Frederick and Baldwin joined the paper, trading as Stirling & Sons. When Stirling retired, his three sons took control of the paper as Stirling Bros. On 6 July 1886, it incorporated the ''Morning Herald''. On 17 February 1893, the paper changed format and became the ''Inquirer and Commercial News Illustr ...
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Commercial Banking Company Of Sydney
The Commercial Banking Company of Sydney Limited, also known as the CBC, or CBC Bank, was a bank based in Sydney, Australia. It was established in 1834, and in 1982 merged with the National Bank of Australasia to form National Australia Bank. History On 8 September 1834 the '' Sydney Herald'' carried a notice titled "The Commercial Banking Company of Sydney" proposing the establishment of a new bank. It began operations on 1 November 1834 and in 1848 was incorporated by an Act of the New South Wales Parliament. Sir Edward Knox was the first bank manager and later a director. Thomas Barker, a manufacturer, engineer, politician, landowner and philanthropist, was a notable director and chairman. William Rutledge (born 1806 - died 1876 Port Fairy, Victoria, Australia), merchant, banker and early settler, also became a director of the bank in 1839. The CBC grew to service the expanding pastoral and farming industries of the then Colony of New South Wales. It absorbed the Bank of V ...
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Warwick Argus
The ''Warwick Argus'' was a newspaper published in Warwick, Queensland, Australia from 1879 to 1919. History The Warwick Argus was preceded by the ''Warwick Argus and Tenterfield Chronicle'' published between November 1864 and 21 August 1879. The ''Warwick Argus'' was first published on Tuesday 26 August 1879, as a bi-weekly newspaper published on Tuesdays and Saturdays. Later it was published three times a week. Andrew Dunn bought the ''Warwick Argus'' in 1914 and installed his son William Dunn as editor. The last issue was published on 31 January 1919. It was subsequently merged with the '' Warwick Examiner and Times'' to create the ''Warwick Daily News The ''Warwick Daily News'' is an online newspaper serving Warwick, Queensland, Australia. The newspaper is published by The Warwick Newspaper Pty Ltd and owned by News Corp Australia. The ''Warwick Daily News'' is circulated to the residents ...''. Digitisation Issues of the ''Warwick Argus and Tenterfiel ...
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The Queenslander
''The Queenslander'' was the weekly summary and literary edition of the '' Brisbane Courier'', the leading journal in the colony—and later, federal state—of Queensland since the 1850s. ''The Queenslander'' was launched by the Brisbane Newspaper Company in 1866, and discontinued in 1939. History ''The Queenslander'' was first published on 3 February 1866 in Brisbane by Thomas Blacket Stephens. The last edition was printed on 22 February 1939. In a country the size of Australia, a daily newspaper of some prominence could only reach the bush and outlying districts if it also published a weekly edition. Yet ''The Queenslander'', under the managing editorship of Gresley Lukin—managing editor from November 1873 until December 1880—also came to find additional use as a literary magazine. In September 1919, a series of aerial photographs of Brisbane and its surrounding suburbs were published under the title, ''Brisbane By Air''. The photographs were taken by the newspaper' ...
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