Colonial Bank Of New Zealand
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Colonial Bank Of New Zealand
The Colonial Bank of New Zealand was a trading bank headquartered in Dunedin, New Zealand which operated independently for more than 20 years. A public company listed on the local stock exchanges it was owned and controlled by New Zealand entrepreneurs and not London or Australian bankers. Still subject to the same vicissitudes as its fellow colonial banks it was bought by the Bank of New Zealand in 1895. History Colonial Bank of New Zealand was established in Dunedin, New Zealand in April 1874 as a public listed company. Dunedin with its involvements with the South Island's gold mining was the major source of local capital for New Zealand's entrepreneurs. The Bank of New Zealand had been founded in October 1861 by a similar local group in Auckland and, to pull capital north, it had opened a branch in Dunedin in December 1861. The Colonial Bank of New Zealand may have been formed just to re-capture the Bank of New Zealand's South Island business. In the 1860s and 1870s capi ...
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Banking
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 a ...
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Dunedin
Dunedin ( ; mi, Ōtepoti) is the second-largest city in the South Island of New Zealand (after Christchurch), and the principal city of the Otago region. Its name comes from , the Scottish Gaelic name for Edinburgh, the capital of Scotland. The city has a rich Scottish, Chinese and Māori heritage. With an estimated population of as of , Dunedin is both New Zealand's seventh-most populous metro and urban area. For historic, cultural and geographic reasons the city has long been considered one of New Zealand's four main centres. The urban area of Dunedin lies on the central-eastern coast of Otago, surrounding the head of Otago Harbour, and the harbour and hills around Dunedin are the remnants of an extinct volcano. The city suburbs extend out into the surrounding valleys and hills, onto the isthmus of the Otago Peninsula, and along the shores of the Otago Harbour and the Pacific Ocean. Archaeological evidence points to lengthy occupation of the area by Māori prior to the ar ...
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William Larnach
William James Mudie Larnach (27 January 1833 – 12 October 1898) was a New Zealand businessman and politician. He is known for his extravagant incomplete house near Dunedin called Larnach's castle by his opponents and now known as Larnach Castle. He is also remembered for his suicide within parliament buildings when faced with bankruptcy and consequent loss of his seat in parliament. Early career Larnach was born in the Hunter Region, north of Sydney, Australia, the son of John Larnach, a station owner and Emily daughter of James Mudie. He was well-connected. For example his uncle Donald Larnach became a director of the Australian board of the Bank of New South Wales in 1846 and after his retirement to England became one of the leading financial authorities in the City of London. Larnach was also a family friend of W. J. T. Clarke, said at that time to be the richest man in Australasia. In his late twenties, after his 1859 marriage to Eliza Jane Guise, daughter of ...
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Matthew Holmes (politician)
Matthew Holmes (15 September 1817 – 27 September 1901) was a New Zealand politician and runholder. He was a member of the New Zealand Legislative Council for 35 years (1866–1901). Holmes was from Ireland and made his money in Victoria from farming, exporting wool, and supplying the gold fields. The family lived in Scotland for some years but Holmes moved to New Zealand. His family followed him years later and they lived for most of their time in Otago, but retired to Wellington. Early life Born in Strabane, County Tyrone, Ireland on 15 September 1817, Holmes received his education in his home town. After school, he was trained in commerce at McFarland's woollen mill in Derry. Life in Australia Holmes moved to Australia in 1837 and his first business venture was a stationery shop in Melbourne's Collins Street with William Kerr. The partnership was dissolved at the end of 1841; his business partner would later found '' The Argus''. Holmes took over the running of the stati ...
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William Tolmie (politician)
William Alexander Tolmie (1833 – 8 August 1875) was a 19th-century Member of Parliament from Dunedin Dunedin ( ; mi, Ōtepoti) is the second-largest city in the South Island of New Zealand (after Christchurch), and the principal city of the Otago region. Its name comes from , the Scottish Gaelic name for Edinburgh, the capital of Scotland. Th ..., New Zealand. He was born in Scotland, and represented the Caversham electorate from to 1875, when he died. References 1833 births 1875 deaths Members of the New Zealand House of Representatives New Zealand MPs for Dunedin electorates Burials at Dunedin Northern Cemetery 19th-century New Zealand politicians Scottish emigrants to New Zealand {{NewZealand-politician-stub ...
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Donald Reid (politician Born 1833)
Donald Reid (16 July 1833 – 7 February 1919) was a Scottish-born 19th-century farmer, landowner, and businessman in Otago, New Zealand. A member of the Otago Provincial Council he was later a Member of Parliament for ten years between 1866 and 1878. Scotland Reid was born in Strathtay in Perthshire, Scotland. He was the third recorded son of Donald Reid and Margaret McGregor. His father died in 1844 and his mother remarried. Reid emigrated to New Zealand sailing from London 2 November 1848, arriving in Port Chalmers 4 April 1849 on the ''Mary'' (533 tons) together with his mother, stepfather, two brothers and elder brother Charles's wife. New Zealand Landowner His elder brother, Charles Reid (1828-1897), established himself in national financial circles helping to found (in 1874) and running Standard Fire and Marine Insurance Company of New Zealand which rapidly established offices throughout Australia and New Zealand and in London. Hugh Reid (1838-1905), the other brother, b ...
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London
London is the capital and largest city of England and the United Kingdom, with a population of just under 9 million. It stands on the River Thames in south-east England at the head of a estuary down to the North Sea, and has been a major settlement for two millennia. The City of London, its ancient core and financial centre, was founded by the Romans as '' Londinium'' and retains its medieval boundaries.See also: Independent city § National capitals The City of Westminster, to the west of the City of London, has for centuries hosted the national government and parliament. Since the 19th century, the name "London" has also referred to the metropolis around this core, historically split between the counties of Middlesex, Essex, Surrey, Kent, and Hertfordshire, which largely comprises Greater London, governed by the Greater London Authority.The Greater London Authority consists of the Mayor of London and the London Assembly. The London Mayor is distinguished fr ...
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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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Colonial Bank Of New Zealand, Dunedin MA I306385 TePapa
Colonial or The Colonial may refer to: * Colonial, of, relating to, or characteristic of a colony or colony (biology) Architecture * American colonial architecture * French Colonial * Spanish Colonial architecture Automobiles * Colonial (1920 automobile), the first American automobile with four-wheel brakes * Colonial (Shaw automobile), a rebranded Shaw sold from 1921 until 1922 * Colonial (1921 automobile), a car from Boston which was sold from 1921 until 1922 Places * The Colonial (Indianapolis, Indiana) * The Colonial (Mansfield, Ohio), a National Register of Historic Places listing in Richland County, Ohio * Ciudad Colonial (Santo Domingo), a historic central neighborhood of Santo Domingo * Colonial Country Club (Memphis), a golf course in Tennessee * Colonial Country Club (Fort Worth), a golf course in Texas ** Fort Worth Invitational or The Colonial, a PGA golf tournament Trains * ''Colonial'' (PRR train), a Pennsylvania Railroad run between Washington, DC and ...
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Otago Daily Times
The ''Otago Daily Times'' (ODT) is a newspaper published by Allied Press Ltd in Dunedin, New Zealand. The ''ODT'' is one of the country's four main daily newspapers, serving the southern South Island with a circulation of around 26,000 and a combined print and digital annual audience of 304,000. Founded in 1861 it is New Zealand's oldest surviving daily newspaper – Christchurch's ''The Press'', six months older, was a weekly paper until March 1863. Its motto is "Optima Durant" or "Quality Endures". History Founding The ''ODT'' was founded by William H. Cutten and Julius (later Sir Julius) Vogel during the boom following the discovery of gold at the Tuapeka, the first of the Otago goldrushes. Co-founder Vogel had learnt the newspaper trade while working as a goldfields correspondent, journalist and editor in Victoria prior to immigrating to New Zealand. Vogel had arrived in Otago in early October 1861 at the age of 26 and soon took up employment at the ''Otago Colonist'', ...
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Auckland
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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Companies Based In Dunedin
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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