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Western Australian Bank
The Western Australian Bank was a bank operating in Western Australia from 1841 to 1927. It was formed amidst the aftermath of the sale of the first Bank of Western Australia (1837-1841), which had sold out to the Bank of Australasia, as prominent colonists dissatisfied with the sale of the local bank to an English institution immediately responded by establishing a new rival banking operation. It was ultimately established on 26 June 1841 with a subscribed capital of £2,000. Its prospectus referred to the earlier bank as having "resolved (by a majority of six votes only) to commit an act of unnecessary and gratuitous suicide." It engaged in a period of fierce competition with the Bank of Western Australia, which saw the earlier bank close entirely in 1845. It began operating regional branches from the 1850s, beginning with York (1855), and was the first bank to open on the Western Australian goldfields when it opened at Coolgardie in 1894. It was one of the few Australian ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
