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Bank Of Auckland
Bank of Auckland was an Auckland, New Zealand 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 its proper business. Its business focus was on Auckland Province. Bank of Auckland operated at The Banking House on the corner of Auckland's O'Connell and Shortland Streets for almost three years from 11 July 1864 until its collapse reported on 1 April 1867. It was incorporated under the Bank of Auckland Act 1864. The capital was raised by public subscription to form a local provincial (i.e. Auckland Province) bank. The first directors when the company shares were promoted to the public were reported to be: James O'Neill (President), Henry Isaacs, David Nathan, G. M. O'Rorke, and Allan K. Taylor and the Manager was Charles F. Johns. Both O'Neill and Nathan were directors of the Bank of New Zealand. Mr Nathan was an original shareholder but did not take up a seat on the bo ...
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Banknote (AM 1945
A banknote—also called a bill (North American English), paper money, or simply a note—is a type of negotiable promissory note, made by a bank or other licensed authority, payable to the bearer on demand. Banknotes were originally issued by commercial banks, which were legally required to redeem the notes for legal tender (usually gold or silver coin) when presented to the chief cashier of the originating bank. These commercial banknotes only traded at face value in the market served by the issuing bank. Commercial banknotes have primarily been replaced by national banknotes issued by central banks or monetary authorities. National banknotes are often – but not always – legal tender, meaning that courts of law are required to recognize them as satisfactory payment of money debts. Historically, banks sought to ensure that they could always pay customers in coins when they presented banknotes for payment. This practice of "backing" notes with something of substance is ...
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Bank Of New Zealand
Bank of New Zealand (BNZ) is one of New Zealand's Big Four (banking), big four banks and has been operating in the country since the first office was opened in Auckland in October 1861 followed shortly after by the first branch in Dunedin in December 1861. The bank operates a variety of financial services covering retail banking, retail, business and institutional banking and employs over 5,000 people in New Zealand. In 1992 the bank was purchased by the National Australia Bank and has since then operated as a subsidiary, but it retains local governance with a New Zealand board of directors. As of June 2022, BNZ is the second largest bank operating in New Zealand, with a market share of 19.1%. History * 1861: The Bank of New Zealand formed as a private company and incorporated by The New Zealand Bank Act 1861 creating the company and authorising it to issue banknotes. First branch in New Zealand opened in Queen Street, Auckland, Queen Street in Auckland and a Dunedin branch ...
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Banks Disestablished In 1867
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the anc ...
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Defunct Banks Of New Zealand
Defunct (no longer in use or active) may refer to: * ''Defunct'' (video game), 2014 * Zombie process or defunct process, in Unix-like operating systems See also * * :Former entities * End-of-life product * Obsolescence Obsolescence is the state of being which occurs when an object, service, or practice is no longer maintained or required even though it may still be in good working order. It usually happens when something that is more efficient or less risky r ...
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Companies Based In Auckland
A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is generating profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duty according to the publicly declared incorporation, or published policy. When a company closes, it may need to be liquidated to avoid further legal obligations. Companies may associate and collectively register themselves as new companies; the resulting entities are often known as corporate groups. Meanings and definitions A company can be defined as an "artificial per ...
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Bank Of Australasia
The Bank of Australasia was an Australian bank in operation from 1835 to 1951. Headquartered in London, the bank was incorporated by Royal Charter in March 1834. It had initially been planned to additionally include first South Africa and then Ceylon in the bank's operations; however, both these moves were blocked by the Lords of the Treasury. Its first branch opened in Sydney on 14 December 1835, followed by branches in Hobart and Launceston on 1 January 1836, in the latter city by taking over the former Cornwall Bank. A Melbourne branch opened on 28 August 1838 and an Adelaide branch on 14 January 1839. It opened a Perth branch in May 1841 when it absorbed the original Bank of Western Australia; however, the branch was closed in 1844 and the bank would not reopen in that city until 1894. It suffered financial difficulties during the 1840s depression, in part because of a controversial loan to the failing Bank of Australia which resulted in significant litigation. Having op ...
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Bank Of New South Wales
The Bank of New South Wales (BNSW), also known commonly as The Wales, was the first bank in Australia, being established in Sydney in 1817 and situated on Broadway, New South Wales, Broadway. During the 19th century, the bank opened branches throughout Australia and New Zealand, expanding into Oceania in the 20th century. It merged with many other financial institutions, finally merging with the Commercial Bank of Australia in 1982 and being renamed to the Westpac, Westpac Banking Corporation on 4 May that year under the ''Bank of New South Wales (Change of Name) Act 1982''. History Established in 1817 in Macquarie Place, Sydney premises leased from Mary Reibey, the Bank of New South Wales (BNSW) was the first bank in Australia. It was established under the economic regime of Governor of New South Wales, Governor Lachlan Macquarie (responsible for transitioning the penal settlement of Sydney into a capitalist economy). At the time, the colony of Sydney had not been supplied ...
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Union Bank Of Australia
The Union Bank of Australia was an Australian bank in operation from 1837 to 1951. It was established in London in October 1837 with a subscribed capital of £500,000. The foundation of the bank had followed a visit to England by Van Diemen's Land banker Philip Oakden with a view to forming a large joint stock bank operating across the Australasian colonies, during which time he gained the support of businessman and banker George Fife Angas who had founded the South Australian Company. The new bank absorbed Oakden's struggling Launceston-based Tamar Bank upon his return, and opened its first branch in the former Tamar Bank premises on 1 May 1838. It expanded into Victoria on 18 October 1838, when it acquired the Melbourne business of the Tasmanian Derwent Bank, which had been the first bank in the city. It then opened its first Sydney branch on 2 January 1839. In 1840, it opened its first New Zealand branch in Wellington. In its early years, it had an agreement with the original ...
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Charles F
Charles is a masculine given name predominantly found in English and French speaking countries. It is from the French form ''Charles'' of the Proto-Germanic name (in runic alphabet) or ''*karilaz'' (in Latin alphabet), whose meaning was "free man". The Old English descendant of this word was '' Ċearl'' or ''Ċeorl'', as the name of King Cearl of Mercia, that disappeared after the Norman conquest of England. The name was notably borne by Charlemagne (Charles the Great), and was at the time Latinized as ''Karolus'' (as in ''Vita Karoli Magni''), later also as '' Carolus''. Some Germanic languages, for example Dutch and German, have retained the word in two separate senses. In the particular case of Dutch, ''Karel'' refers to the given name, whereas the noun ''kerel'' means "a bloke, fellow, man". Etymology The name's etymology is a Common Germanic noun ''*karilaz'' meaning "free man", which survives in English as churl (< Old English ''ċeorl''), which developed its depr ...
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Auckland, New Zealand
Auckland (pronounced ) ( mi, Tāmaki Makaurau) is a large metropolitan city in the North Island of New Zealand. The List of New Zealand urban areas by population, most populous urban area in the country and the List of cities in Oceania by population, fifth largest city in Oceania, Auckland has an urban population of about It is located in the greater Auckland Region—the area governed by Auckland Council—which includes outlying rural areas and the islands of the Hauraki Gulf, and which has a total population of . While European New Zealanders, Europeans continue to make up the plurality of Auckland's population, the city became multicultural and Cosmopolitanism, cosmopolitan in the late-20th century, with Asian New Zealanders, Asians accounting for 31% of the city's population in 2018. Auckland has the fourth largest Foreign born, foreign-born population in the world, with 39% of its residents born overseas. With its large population of Pasifika New Zealanders, the city is ...
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Allan Kerr Taylor
Allan Kerr Taylor (30 December 1832 – 14 April 1890) was a notable New Zealand landowner and businessman. He was born in Negapatam, India in 1832. His second wife was Sophia Taylor (née Davis). His father was General William Taylor. Personal life In 1848, he emigrated to New Zealand where his father owned land at west Tamaki, now absorbed into the Auckland suburban area. At the age of 16, he bought of land at Mount Albert, later adding another , and calling the property ''Alberton''. Allan Kerr Taylor's three eldest brothers lived in Auckland near the Tamaki River: Charles John Taylor at Glen Orchard (now Saint Heliers), William Innes Taylor at Glen Innes, and Richard James Taylor at Glen Dowie. The names of the latter two properties became the names of the suburbs Glen Innes and Glendowie respectively. The Mount Albert Taylors became known as the Kerr Taylors or Kerr-Taylors – apparently adopting Allan's middle name as part of their surname. Kerr Taylor was a member ...
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Maurice O'Rorke
Sir George Maurice O’Rorke (2 May 1830 – 25 August 1916) was a New Zealand politician, representing (as George O’Rorke) the Auckland seat of Onehunga, and later Manukau, and was Speaker of the House of Representatives. He was a committed provincialist and was the eighth Superintendent of the Auckland Province. Upon receiving his knighthood in 1880, he became known as Sir Maurice. Early life O’Rorke was born in Moylough, County Galway, Ireland, the third son of the Rev John O’Rorke (an Anglican minister and large landowner) and his third wife Elizabeth (née Dennis). He went to Trinity College, Dublin, getting a B.A. with high honours in classics in 1852. Immediately after finishing his university education, he sailed for Melbourne, Australia. Whilst this was the time of the Victorian gold rush, this was not his motivation. Rather, he had had an uncle, Henry Dennis, who had settled as a squatter in the Darling Downs in the early 1840s, but who had perished in the sinkin ...
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