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National Bank Of New Zealand
The National Bank of New Zealand Limited (NBNZ), often referred to as The National Bank, was one of New Zealand's largest banks. Throughout much of its history, the National Bank provided commercial banking services to mainly major industrial and rural as well as some personal customers. UK-based Lloyds Bank became the sole owner of the bank in 1966 and National Bank adopted the Lloyds Bank black horse as its logo. Lloyds TSB, as it then was, sold the bank to Australian ANZ Bank in 2003, at which time it became part of ANZ National Bank Limited, the New Zealand subsidiary of Australia and New Zealand Banking Group but for customers retained a separate corporate identity until rebranding as ANZ began in September 2012. ANZ announced they would adopt National's technology system and the majority of its products. There is no longer a corporate identity named National Bank of New Zealand. Its business has been subsumed within ANZ Bank. History The successful flotation of the Nat ...
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Lloyds Bank
Lloyds Bank plc is a British retail banking, retail and commercial bank with branches across England and Wales. It has traditionally been considered one of the "Big Four (banking), Big Four" clearing house (finance), clearing banks. Lloyds Bank is the largest retail bank in Great Britain, Britain, and has an extensive network of branches and Automated teller machine, ATMs in England and Wales (as well as an arrangement for its customers to be serviced by Bank of Scotland branches in Scotland, Halifax branches in Northern Ireland and vice versa) and offers 24-hour telephone and online banking services. it had 16 million personal customers and small business accounts. Founded in Birmingham in 1765, it expanded during the nineteenth and twentieth centuries and took over a number of smaller banking companies. In 1995 it merged with the Trustee Savings Bank and traded as Lloyds TSB Bank plc between 1999 and 2013. In January 2009, it became the principal subsidiary of Lloyds ...
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Wellington Province
Wellington Province, governed by the Wellington Provincial Council, was one of the provinces of New Zealand from 1853 until the abolition of provincial government in 1876. It covered much of the southern half of the North Island until November 1858, when Hawke's Bay Province split off, taking about a third of its area. Territory Wellington Province originally covered much of the southern half of the North Island. Its northern boundary was drawn arbitrarily across most of the middle of the island at latitude 39° south to the east coast, just including the entirety of Hawke Bay. North of that line was Auckland Province. The straight-line boundary did not extend right to the west coast, but dipped south to the coast just west of Waverley and short of Patea, allowing for New Plymouth Province (later renamed Taranaki Province) to the west. Hawke's Bay settlers broke away to form Hawke's Bay Province on 1 November 1858. Wellington Province's new eastern boundary followed the main d ...
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Databank Systems Limited
Databank Systems Limited was the name of a not-for-profit "off balance sheet" company set up by a consortium of competing banks in New Zealand, to operate on what is nowadays termed a "Shared services Agency" basis, to provide computing resources (development and operational) for the consortium members. The company was set up in 1967, and in 12 years grew to be the largest non-Government data processing organisation in the Southern Hemisphere, servicing more than 1,200 banking offices. Purpose The purpose of Databank was defined within a set of contractual obligations in the ''1969 Processing Agreement''. The Agreement was between the consortium members, and was essentially about the services and service levels to be provided by Databank, and the constraints that would exist to ensure that lead bank ownership of any new application/system, and bank competitiveness, were maintained. History The formation of Databank came at a time when computer systems were a scarce and expensive ...
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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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Automotive Industry In New Zealand
The automotive industry in New Zealand supplies a market which has always had one of the world's highest car ownership ratios. The distributors of new cars are essentially the former owners of the assembly businesses. At the dealership level they have maintained their old retail chains in spite of the establishment of the many new independent businesses built since the 1980s by specialists in used imports from Japan. Toyota entered into direct competition with those used-import businesses refurbishing old Toyotas from Japan and selling them through their own dealers as a special line. The nation's car fleet is accordingly somewhat older than in most developed countries. New Zealand no longer assembles passenger cars. Assembly plants closed after tariff protection was removed and distributors found it cheaper to import cars fully assembled. Cars had been assembled at a rate nearing 100,000 a year in 1983, but with the country's economic difficulties their numbers dropped sharpl ...
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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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Money
Money is any item or verifiable record that is generally accepted as payment for goods and services and repayment of debts, such as taxes, in a particular country or socio-economic context. The primary functions which distinguish money are as a medium of exchange, a unit of account, a store of value and sometimes, a standard of deferred payment. Money was historically an emergent market phenomenon that possess intrinsic value as a commodity; nearly all contemporary money systems are based on unbacked fiat money without use value. Its value is consequently derived by social convention, having been declared by a government or regulatory entity to be legal tender; that is, it must be accepted as a form of payment within the boundaries of the country, for "all debts, public and private", in the case of the United States dollar. Contexts which erode public confidence, such as the circulation of counterfeit money or domestic hyperinflation, can cause good money to lose its value. ...
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Christchurch
Christchurch ( ; mi, Ōtautahi) is the largest city in the South Island of New Zealand and the seat of the Canterbury Region. Christchurch lies on the South Island's east coast, just north of Banks Peninsula on Pegasus Bay. The Avon River / Ōtākaro flows through the centre of the city, with an urban park along its banks. The city's territorial authority population is people, and includes a number of smaller urban areas as well as rural areas. The population of the urban area is people. Christchurch is the second-largest city by urban area population in New Zealand, after Auckland. It is the major urban area of an emerging sub-region known informally as Greater Christchurch. Notable smaller urban areas within this sub-region include Rangiora and Kaiapoi in Waimakariri District, north of the Waimakariri River, and Rolleston and Lincoln in Selwyn District to the south. The first inhabitants migrated to the area sometime between 1000 and 1250 AD. They hunted moa, which led ...
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Hamilton, New Zealand
Hamilton ( mi, Kirikiriroa) is an inland city in the North Island of New Zealand. Located on the banks of the Waikato River, it is the seat and most populous city of the Waikato region. With a territorial population of , it is the country's fourth most-populous city. Encompassing a land area of about , Hamilton is part of the wider Hamilton Urban Area, which also encompasses the nearby towns of Ngāruawāhia, Te Awamutu and Cambridge. In 2020, Hamilton was awarded the title of most beautiful large city in New Zealand. The area now covered by the city was originally the site of several Māori villages, including Kirikiriroa, from which the city takes its Māori name. By the time English settlers arrived, most of these villages, which sat beside the Waikato River, were abandoned as a result of the Invasion of Waikato and land confiscation (''Raupatu'') by the Crown. Initially an agricultural service centre, Hamilton now has a diverse economy and is the third fastest growing urba ...
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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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The Evening Post (New Zealand)
''The Evening Post'' (8 February 1865 – 6 July 2002) was an afternoon metropolitan daily newspaper based in Wellington, New Zealand. It was founded in 1865 by Dublin-born printer, newspaper manager and leader-writer Henry Blundell, who brought his large family to New Zealand in 1863. With his partner from what proved to be a false-start at Havelock, David Curle, who left the partnership that July, Henry and his three sons printed with a hand-operated press and distributed Wellington's first daily newspaper, ''The Evening Post'', on 8 February 1865. Operating from 1894 as Blundell Bros Limited, his sons and their descendants continued the very successful business which dominated its circulation area. While ''The Evening Post'' was remarkable in not suffering the rapid circulation decline of evening newspapers elsewhere it was decided in 1972 to merge ownership with that of the never-as-successful politically conservative morning paper, '' The Dominion'', which belonged to ...
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Alexander Kerr (banker)
Alexander Kerr F.R.G.S. (21 February 1838 – 17 June 1909) was a Scottish banker who was the first manager for the Bank of New Zealand. He was elected a Fellow of the Royal Geographical Society in 1872 when in New Zealand, with Lord Dufferin as his sponsor. Early life and education He was born at Morrison's Court, 108 Argyle Street, Glasgow, Scotland on 21 February 1838, the third child of Alexander Kerr and Helen Shanks; he was brother of Norman Kerr. His father Alexander was a merchant and ship owner who lived at Florentine Bank House, Hillhead, and who died in 1855 leaving instructions in his will that "my children receive a liberal or what might be termed a first rate education." However, his children did not come into their full inheritance until they were 25. Career Australia After school in Glasgow he worked as a clerk before leaving (1858) at the age of 19 for the goldfields in Australia. There he worked in Castlemaine, Victoria, for the new branch of the Oriental Ba ...
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