South Australian Banking Company
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South Australian Banking Company
The first Bank of South Australia was founded by the South Australian Company in 1837 and became defunct in 1892. It was essentially a British venture, closely supervised by British directors, but utilizing the knowledge and advice of local managers in South Australia. History It was created in 1837 by British investors. From 1840, it was associated with or a subsidiary of the South Australian Banking Company. From 1868, there was only one body, the Bank of South Australia. At the time of the gold rush, and the South Australia Colony was beset with, apart from the shortage of workers, a financial crisis due to the sudden increase in the availability of gold and the lack of sufficient currency to pay for it. The manager, George Tinline, created an assay office and mint, and the conversion of some of the diggers' gold to bullion which could be used as a form of currency. A Bullion Act was passed and some 25,000 £1 coins were minted, but were not recognised as legal currency by the ...
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South Australian Company
The South Australian Company, also referred to as the South Australia Company, was formed in London on 9 October 1835, after the '' South Australia (Foundation) Act 1834'' had established the new British Province of South Australia, with the South Australian Colonization Commission set up to oversee implementation of the Act. The South Australian Company was a commercial enterprise, and not officially connected to the British Government or the Colonization Commission, but turned out to be indispensable in allowing emigration to the new colony to begin. The founding board of the company, headed by George Fife Angas, consisted of wealthy British merchants, with the purpose of developing a new settlement in South Australia, building a new colony by meeting an essential financial obligations of the ''South Australia Act 1834''. It bought up unsold land to the level required by the Act for emigration to be allowed to begin. During the first years of settlement, the company built a ...
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John Rundle
John Rundle (1791 – January 1864) was a British Whig politician and businessman. From 1835 to 1843, he was a Member of Parliament, representing Tavistock in the House of Commons. He was one of the original directors and financiers of the South Australia Company, the company that was formed in London in 1834 to promote the settlement of the colony that was to become South Australia. He was an original director of the South Australian Banking Company and the first chairman of the South Australian School Society whilst living in England. Rundle never visited South Australia. His business interests included the Tavistock Bank, Gill and Rundle – Merchants and Carriers, Rundle and Co Gas Works, Gill and Rundle Foundry and a brewery. A canal linking Tavistock to the port at Plymouth was leased by his company and they had their own lime kilns, warehouses and wharves. In the 1840s his business affairs soured and he finally moved to London to live with his daughter where he died in p ...
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1837 Establishments In Australia
Events January–March * January 1 – The destructive Galilee earthquake causes 6,000–7,000 casualties in Ottoman Syria. * January 26 – Michigan becomes the 26th state admitted to the United States. * February – Charles Dickens's ''Oliver Twist'' begins publication in serial form in London. * February 4 – Seminoles attack Fort Foster in Florida. * February 25 – In Philadelphia, the Institute for Colored Youth (ICY) is founded, as the first institution for the higher education of black people in the United States. * March 1 – The Congregation of Holy Cross is formed in Le Mans, France, by the signing of the Fundamental Act of Union, which legally joins the Auxiliary Priests of Blessed Basil Moreau, CSC, and the Brothers of St. Joseph (founded by Jacques-François Dujarié) into one religious association. * March 4 ** Martin Van Buren is sworn in as the eighth President of the United States. ** The city of Chicago is incorporated. April–June * April 12 ...
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Banks Established In 1837
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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History Of Adelaide
This article details the History of Adelaide from the first human activity in the region to the 20th century. Adelaide is a New town, planned city founded in 1836 and the capital of South Australia. Aboriginal settlement The Adelaide plains were inhabited by the Kaurna people before the colonisation of South Australia, their territory extending from what is now Cape Jervis, South Australia, Cape Jervis to Port Broughton, South Australia, Port Broughton. The Kaurna lived in family groups called ''yerta'', a word which also referred to the area of land which supported the family group. Each yerta was the responsibility of Kaurna adults who inherited the land and had an intimate knowledge of its resources and features. The Kaurna led a nomadic existence within the Yerta confines in large family groups of around 30. The area where the Adelaide city centre now stands was called "Tarndanya", which translates as "male red kangaroo rock", an area along the south bank of what is now c ...
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Defunct Banks Of Australia
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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Port Adelaide News And Lefevre's Peninsula Advertiser
The ''Port Adelaide News'' was a newspaper published in Port Adelaide, South Australia between 1876 and 1933 with various sub-titles, several breaks in publication and periods of bi-weekly publication. History The ''Port Adelaide News'' was founded by the Port Adelaide Newspaper and Printing Company, established in March 1878 with directors D. Bower, R. Honey, J. C. Lovely, Theodore Hack, and G. R. Selth. The position of secretary and first editor was assigned to David Wylie Scott, ". . . as true a gentleman as ever walked, but no journalist". He had little time in the chair, as in September 1878 E. H. Derrington (1830–1899), founder of the '' Yorke's Peninsula Advertiser'', acquired the ''Port Adelaide News'', and was its owner-editor until 1883. From 1882 Derrington also owned ''Adelaide Punch''. He notoriously published in all three papers advertisements for Victorian sweepstakes. John Archibald Adey was appointed editor by Derrington. Sir William Sowden worked at the '' ...
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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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The Express And Telegraph
''The Telegraph'' was a newspaper in Adelaide, South Australia, founded in 1862, and merged with '' The Express'' to become ''The Express and Telegraph'', published from 1867 to 1922. History ''The Adelaide Telegraph'' The Adelaide ''Telegraph'' was founded and edited by Frederick Sinnett (c. 1836 – 23 November 1866) and first published by David Gall on 15 August 1862 as an evening daily, independent of the two morning papers '' The Advertiser'' and ''The Register''. ''The Advertiser'', which was first published in 1858, retaliated in 1863 by founding its own afternoon newspaper, ''The Express'', as a competitor to ''The Telegraph''. Ebenezer Ward served as sub-editor 1863 to 1864, when he joined Finniss's Northern Territory expedition as clerk-in-charge, then returned to the ''Telegraph'' the following year after being sacked by Finniss for insubordination. Sinnett left for Melbourne in late 1865, and Ward succeeded him as both editor (briefly) and parliamentary shorth ...
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The Register (Adelaide)
''The Register'', originally the ''South Australian Gazette and Colonial Register'', and later ''South Australian Register,'' was South Australia's first newspaper. It was first published in London in June 1836, moved to Adelaide in 1837, and folded into '' The Advertiser'' almost a century later in February 1931. The newspaper was the sole primary source for almost all information about the settlement and early history of South Australia. It documented shipping schedules, legal history and court records at a time when official records were not kept. According to the National Library of Australia, its pages contain "one hundred years of births, deaths, marriages, crime, building history, the establishment of towns and businesses, political and social comment". All issues are freely available online, via Trove. History ''The Register'' was conceived by Robert Thomas, a law stationer, who had purchased for his family of land in the proposed South Australian province after be ...
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Thomas Drury Smeaton
Thomas Drury Smeaton (c. 1831 – 18 February 1908) trained in England as an engineer, emigrated to the British colony of South Australia, where he was known as a banker and amateur scientist. History Thomas Smeaton was born in London "within sound of Bow Bells", and trained as an engineer. He was sponsored by the South Australian Company to emigrate to South Australia, but finding no opening for an engineer joined the Company's financial institution, the Bank of South Australia as a clerk sometime before 1856, later as the bank's accountant. In 1864 he was appointed manager of the newly formed branch in Robe, where he was an active as President of the Robe Institute, and where his wife, a popular Sunday-school teacher, died in childbirth. He returned to the Adelaide head office as assistant manager, and served as manager on numerous occasions between 1870 and 1884 when he retired to his home "Dalebank" in Blakiston. Around 1904 he moved to Mount Lofty, where he died after some m ...
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Henry Waymouth
Henry Waymouth (21 January 1775– 23 January 1848), also spelt Weymouth, was a Baptist activist and campaigner, and a founder of the South Australian Company. Waymouth was born in Exeter, the son of Henry (d.1803) and Sarah Waymouth (née Bryant, c. 1750–after 1811). In 1799 he married Sarah Thorpe (d. 1848). After moving to London, he became involved in numerous organizations intended to advance the position of Dissenters. He was a member of the Committee for the Repeal of the Test and Corporation Acts, 1827–28 and he was deputy chairman (1825–32) and then chairman (1832–44) of the civil rights organization Protestant Dissenting Deputies. In the autumn of 1824, Waymouth was active in a scheme circulated by Daniel Bogue for a Dissenting university, joining a provisional committee, but the following year he met with Henry Brougham and others to explore folding these plans into the developing plan for the non-sectarian self-styled "London University" (later renamed Un ...
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