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Banknotes Of The Australian Pound
Banknotes of the Australian pound were first issued by numerous private banks in Australia, starting with the Bank of New South Wales in 1817. Acceptance of private bank notes was not made compulsory by legal tender laws but they were widely used and accepted. The Queensland government issued treasury notes (1866–1869) and banknotes (1893–1910), which were legal tender ''in'' Queensland. The New South Wales government issued a limited series of Treasury Notes in 1893. In 1910, the Commonwealth passed the ''Australian Notes Act of 1910'' to initiate banking and currency reform. The Act stipulated that six months after the date of passage (16 September 1910), private banks could no longer issue any form of money, and that any note or instrument issued by a State Bank would no longer be considered legal tender. The Act further established the powers of the Commonwealth to issue, re-issue, and cancel Australian notes. The Act also established denominations, legal tender status, an ...
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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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Goulburn Weir
Goulburn Weir is a weir built between 1887 and early 1891 across the Goulburn River near Nagambie, Victoria, Australia. It was the first major diversion structure built for irrigation development in Australia. The weir also forms Lake Nagambie where rowing regattas and waterskiing tournaments are held. The Goulburn Weir allows water to be diverted by gravity via the Stuart Murray Canal and Cattanach Canal for off-river storage in the Waranga basin, for later use in irrigation. The weir is 209 metres long by about 16 metres high. Its design was considered very advanced for its time, so much so that it featured on the back of half-sovereign and ten-shilling notes from 1913 to 1933, including on the first Australian banknote ever issued. The structure also contained one of the first hydro-electric turbines in the southern hemisphere, used to supply power for lifting and lighting. After more than 90 years of continuous service, many of the weir's components were in urgent need of ...
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George Allen (public Servant)
George Thomas Allen (23 August 185220 April 1940) was a senior Australian public servant, one of the inaugural heads of departments in the Australian Public Service at Australia's federation. Life and career George Allen was born on 23 August 1852 in Geelong, Victoria. He was educated at Flinders Street School. Between 1901 and his retirement in 1916, Allen was the Secretary A secretary, administrative professional, administrative assistant, executive assistant, administrative officer, administrative support specialist, clerk, military assistant, management assistant, office secretary, or personal assistant is a w ... of the Department of the Treasury. In his first two years in the role, Allen only had 20 staff. Allen died, never married, in his home in Kew, Melbourne, on 20 April 1940. Awards In January 1913, Allen was made a Companion of the Order of St Michael and St George, while Secretary of the Australian Government Treasury. References 1852 birt ...
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Australian Ten-shilling Note
The 10/- banknote was first issued on 1 May 1913 as a blue banknote payable in gold. It was equal to a half sovereign gold coin. The sizes varied but the design was the same for the following issues: 1913–1914 issue was 194×83mm, 1915–1923 197×88 mm, 1923–1933 180×78mm. This issue was payable in gold but subsequent issues were legal tender. The 1913 note was the world's first officially issued ten-shilling note. The first note, serial number M000001, was printed by Judith Denman, five-year-old daughter of the Governor-General of Australia, Lord Denman.James Cockington, Sydney Morning Herald, Money, 1 May 2013"Note's sale is a sale of note" Retrieved 28 November 2014 The last banknote issue had a print of 557,548,000 banknotes. The ten-shilling note was equivalent to one dollar upon decimalisation in 1966. Signature combinations James Collins and George Allen (1913, 1915)
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George V
George V (George Frederick Ernest Albert; 3 June 1865 – 20 January 1936) was King of the United Kingdom and the British Dominions, and Emperor of India, from 6 May 1910 until Death and state funeral of George V, his death in 1936. Born during the reign of his grandmother Queen Victoria, George was the second son of Edward VII, Albert Edward, Prince of Wales, and was third in the line of succession to the British throne behind his father and his elder brother, Prince Albert Victor. From 1877 to 1892, George served in the Royal Navy, until the unexpected death of his elder brother in early 1892 put him directly in line for the throne. On Victoria's death in 1901, George's father ascended the throne as Edward VII, and George was created Prince of Wales. He became King-Emperor, king-emperor on his father's death in 1910. George's reign saw the rise of socialism, communism, fascism, Irish republicanism, and the Indian independence movement, all of which radically changed the poli ...
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Obverse And Reverse
Obverse and its opposite, reverse, refer to the two flat faces of coins and some other two-sided objects, including paper money, flags, seals, medals, drawings, old master prints and other works of art, and printed fabrics. In this usage, ''obverse'' means the front face of the object and ''reverse'' means the back face. The obverse of a coin is commonly called ''heads'', because it often depicts the head of a prominent person, and the reverse ''tails''. In numismatics, the abbreviation ''obv.'' is used for ''obverse'',David Sear. ''Greek Imperial Coins and Their Values.'' Spink Books, 1982. p. xxxv. while ℞, )(Jonathan Edwards. ''Catalogue of the Greek and Roman Coins in the Numismatic Collection of Yale College, Volume 2.'' Tuttle, Morehouse & Taylor, 1880. p. 228. and rev.Allen G. Berman. ''Warman's Coins And Paper Money: Identification and Price Guide.'' Penguin, 2008. are used for reverse. In fields of scholarship outside numismatics, the term ''front'' is more com ...
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James Collins (public Servant)
James Richard Collins (14 March 186918 June 1934) was a senior Australian public servant, best known for his time as head of the Department of the Treasury Life and career James Collins was born on 14 March 1869 in Sebastopol, Victoria. Collins joined the Commonwealth Public Service The Australian Public Service (APS) is the federal civil service of the Commonwealth of Australia responsible for the public administration, public policy, and public services of the departments and executive and statutory agencies of the Go ... in 1901, having before federation assisted to prepare the Victorian colonial budget in 1893 and in 1900 organising and running the first Victorian Old Age Pensions Office. Between 1916 and 1926, Collins was the Secretary of the Australian Government Department of the Treasury. His official duties included a financial mission to London in 1920. That same year he also traveled to Brussels as the sole Australian delegate to the 1920 International Fin ...
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Australian Five-shilling Note
Five shilling notes were first proposed in 1916, when the value of silver was estimated to become too expensive to use for making coins due to a possible decrease in Australia's supply of silver. The proposed note was designed to have a portrait of George VI, the King of the United Kingdom and Emperor of India, displayed on its front side. However, the need for paper notes did not arise, and by 1953, all the notes were destroyed, other than those now in the possession of Reserve Bank of Australia The Reserve Bank of Australia (RBA) is Australia's central bank and banknote issuing authority. It has had this role since 14 January 1960, when the ''Reserve Bank Act 1959'' removed the central banking functions from the Commonwealth Bank. T .... References * External links Reserve Bank of Australia Museum Banknotes of Australia {{banknote-stub ...
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George VI Of The United Kingdom
George VI (Albert Frederick Arthur George; 14 December 1895 – 6 February 1952) was King of the United Kingdom and the Dominions of the British Commonwealth from 11 December 1936 until his death in 1952. He was also the last Emperor of India from 1936 until the British Raj was dissolved in August 1947, and the first Head of the Commonwealth following the London Declaration of 1949. The future George VI was born in the reign of his great-grandmother Queen Victoria; he was named Albert at birth after his great-grandfather Albert, Prince Consort, and was known as "Bertie" to his family and close friends. His father ascended the throne as George V in 1910. As the second son of the king, Albert was not expected to inherit the throne. He spent his early life in the shadow of his elder brother, Prince Edward, the heir apparent. Albert attended naval college as a teenager and served in the Royal Navy and Royal Air Force during the First World War. In 1920, he was made Duke of Yo ...
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Sovereign (British Coin)
The sovereign is a British gold coin with a nominal value of one pound sterling (£1) and contains 0.2354 troy oz of pure gold. Struck since 1817, it was originally a circulating coin that was accepted in Britain and elsewhere in the world; it is now a bullion coin and is sometimes mounted in jewellery. In addition, circulation strikes and proof examples are often collected for their numismatic value. In most recent years, it has borne the design of Saint George and the Dragon on the reverse; the initials () of the designer, Benedetto Pistrucci, are visible to the right of the date. The coin was named after the English gold sovereign, which was last minted about 1603, and originated as part of the Great Recoinage of 1816. Many in Parliament believed a one-pound coin should be issued rather than the 21-shilling guinea that was struck until that time. The Master of the Mint, William Wellesley Pole had Pistrucci design the new coin; his depiction was also used for other go ...
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