Page 32 Advertisements Column 1

Evening Post, Volume CXIX, Issue 33, 8 February 1935, Page 32 (Supplement)

■ . "^^ «^^i aAmt. ______ _____k_ ik ji^F C~~ OMMERCE and banking in New Zeealand t ' _____ '- have grown up as twin sisters, and they ' " " "' , \L^l!!_l|r^3_ ' arC n°W aPProaclling their centenary. 40^WSm^iBL Business was conducted on its own peculiar lines • /-.-"V1- -»--_--» ' ' at settlement in the Bay of Islands, and / / /// ' S*BH the New Zealand Banking Company receiv- / ±117/ W^^^A^^^% ' ' ' lng de Poslts and making advances there in 1839. -*.-«..«—* " Other banks followed this pioneer, and like it «%, 4W Passe. d into obscurity, some with compara- 4P WA "J 1 Hf _#*^ Ik W W^ Am\ *&. V i__P 101 Bank of New South -Wales HillPl UNION BANK ESTART IW rn ,«,, and Otago had their own banks. The former ESTABLISHED 1817. bank was also wound up, but the Otago insti- r A I ICTH AI . A . ....-_ ■. WITH WHICH ARE AMALGAMATED S OF AUSTRALIA LMTED THE! WESTERN AUSTRALIAN BANK The distinction of being the first bank to AND °P™ jJjNew Zealand and to continue in busi- ESTABLISHED 1837 INCORPORATED 1880 THE AUSTRALIAN BANK OF COMMERCE LIMITED S i|nZ iL_£ g COMMENCED BUSINESS IN NEW ZEALAND 1840 Zealand branch on the beach at Britannia (now Dvi n -.1 *»o, t^ * Petone), but shortly afterwards removed to the raid-Up Capital - - £8,780.000 "c. w u sf ttlement on the southern shores of Port „ ■ '___ P . rp 1 * V/lff/vXXX .Nicholson, soon afterwards designated Welling- * ..-J) ■ '"s'' Keserve rund - - £6,150,000 ton- * Reserved Liability of Proprietors £8,780,000 ZZ^Tl^fJlt^Zl Authorised Capital - - - - £12,000,000 ———————— Bank, which began business only last August. P_l/l'- I U T^s*«l TA ' ' .» ' £23,710,000 The Union Bank, founded in London, began Paid-Up .Capital .- £4,000,000) „ ' ' business m New Zealand shortly afterwards at D „ CJ r^ r- f £/,250,000 A ggrega te W, so* Septet, 1934, £116,995,921. X^^^J£%JSL?l Reserve Fund - £3,250,000j - _. _ Sydney and Melbourne, and in Tasmania—then CUrTenCY Reserve - /"I &r\r\ r\nr\ The Bank has Branches and Agencies throughout Australia and New Zealand, and in called Van Diemen's Land. Seventy years ago ' " tI,OUU,OOO y|f^^^^^ fefeji-Kfffi. = ReSerVC LiabNity °f Pr°prietorS £B'°°o.ooo8 '°°0.000 1861, and the establishment m the Dominion has since grow to 83 Branches and Agencies. profits for 1934 were not so much as theywere _. There are over 2,000 Shareholders on the New Zealand Register.'" seventy years ago by £18,565, and between then — j\ Complete facilities are available for efficiently conducting all descriptions of Banking Busi- imn tky 'laVe been considcrablv less ness, including special facilities for transactions in foreign exchange. T., next bank of the si x now in operation HEAD OFFICF''* /;■;-• ■.'■■'. ALFRED CHARLES DAVIDSON, General Manager. XXw tlV^ ',? Z££ t 7|rnDMU||| ~_^ K , * R. C. ADDISON, Inspector for New Zealand. Sydney in 1817. Branches Se opened at 71 CORNHILL V. LONDON EC 3 ; Auckland, Christchurch, Dunedin, and Wellin- ' ' ■■—^*-J • -1.! in that order in 1861. This bank took • *r „ , , SSts^^_Sn_T__±,,J?!g .^jOkef Office m New Zealand: rrii ■' W , , A _ . ■ »ir™,&!._Tj-_J_3 221 LAMBTON QUAY :: WELLINGTON I l__ H_F I L m\ f 1 numerous agencies in the smaller towns.' ~.." "-? Ihe Bank ot Australasia j^ssssses — .- _. „ • mstjtution with its headquarters in Inspector for New Zealand -■ - T P FfYTHFRIMrUAM (Incorporated by Royal Charter 1 535) Wellmgton, but a board of directorslin London M jncw 1•f. fU I MbKINGHAM oharS^ f nd resident directors in Sydney and Mcl- Manager, Wellington - - - - - - E.T.PORTER S?^ia_jrj|SJSirßß-osS_i 'Tt.'f'WS ■ B^^.%.?d^^V?^! ffi J S'S?»SS«?S".. Auckland, w October, 1861, and in Wcll^Ss^SlSi =SfilS^SiSfS , s:?„^=LS, o^S^ advances made against wool and other #gC3^s3rTs_*&__«. «^^ ~ ....... produce shipped -' from Sydney m a reveniia cutter proviaod by the Oovernmont „„ V „ p.ie J_ r,es(l u,e day of r tlie gold digger has long since to '_<» <V7q n nn „„J ,l j. ~ i^aLl"' iullu — "^, •■* ■ «-l^ and did not arrive in Melbourne /until six weeks later, after "a Passed, but the early; development of the rich agricultural and „„. °'° '°.UW, and the Undivided profits to I long and tempestuous voyage." Now-a-days. the same journey ¥£""%Z, a"f S "}, l]l9 l'i o„. of Alalia was largely due to Uie £343,608: the net nrnflri fnr loq,l , AI I ** I _^<-< l -^ *+. — -. . . by sea is _ matter of fortyfive hours only. Subsequently. f,™ wS„l B°'- d ln th8i l" 11"?' »""n S this period of activity VKQAc™' rr7 ProntS tor 1934 Were All f\ ACCCC OP RAMI/IMr DIICIMCrC Tn AY IO A r-_ .Branches were opened at Bathurst in 1838, at , Adelaide and *'J° ?" P£S lh„ CJ„°, aSed« by. loap? »P^oundsun* the Bank £594,231. The const tUtion of the Bank of /ALL LLAjOCJ KJT DAInMNVJ DUoNESS TRANSACTFn Maitland m 1839, at Perth in 1841 (afterwards closed and ?^w !,i ai m cc"moi fi^ nI? estaW'sl'e<J maU the Colonies, .. N ew 7 pfl l„ n J j;o- A• n r , wwyiMLgg lIXAIN JAY- I CL/ re;opened in 1894), and at Geelong in 1846. including New Zoaland. Later, when the gold yield doplined A\CW Zealand dltters materially from that Trade and finance were buoyant up to 1840, and the Bank "ndustrfes of™! md^^tl^l_^e B__k "SSffn ?S Ua' °f *c Other A trading banks. in that of yTa^Jte *? Sectors fo°ur are appointed by ' ■ <™*<™ were very difficult ones for all financial and trading concerns. Tf grazing^a>st"ets. . the Governmenf mA t«,« k» tl v v The. Directors' report of June, 1844, contained the following:— v Xk n. mv,haa 2?7 Branches and Agencies in Australia and government and tWO .by tile bank's . m.liwlthfcdi» e ,ot-d_* W K-ntment-i_.a.r.gret_..t e e s al^, nearly all ol them conducted in Us own freehold OWn shareholders. The Government also Tl«.„M~h„<. +7 7 *\T -7 1 1 r A • ieve^ reof t r,!e hprl^ 1ft .Paid-up Capital of the Bank .hen incorporated was appoints the chief auditor of the bank. trlWUghOUt NeW Zea^d Ond AUStmlia A v -SEE' e^e^co^unl^. and tavolvine tl,e ra,n o£ ,arg6 \ ssSJmj-n^^oToo'S o"'^ H ' About one-third, of the shares in the Bank of . S3«a?£«»-=S«rt«S : ill^^^-^S : X^r^^SSl. h AGENT" AND CORRESPOND E NT. ALL OVER THE WORLD (M The gold discoveries in 1851 W6 timely, and were respon- aTe lo per ceia of ChuTes. oI UevoSlts- w^t Uqnid _«*, business in Australia and' Tasmania since 1835 •■?||^ nine^r^^SKl^ _T tt__f h^ T^ M, in 1864. This institu- ' ' " ' ' of the Bank were established at numerous points in the Colonies. table:— existence will be seen from the following tion Will reach its centenary A"this year. It N _ : '~ ! Keserve c^^ ' ' -—- , ' °pene,d. branches in Auckland, Christchurch, and - ll . ■ _______^— ' , ''••■T..." ' F""d- Deposits. ZX ?r^L ?"" edl V"t b, gan business in Wellington in 1121 ■-:'■■.■■ ISBsoo .'■"■ E i2°-;oo . 7^27 nft* 1866' ™c Ba«k of Australasia has" its" head- - '"■ JS8"::' -_.S8&888. '" -" SSS.SSS III? « »"« r„T N kew ? aland ,at iWcllington. and' »V « _f m T mm m ' -' 1876 ...■ 1,200,000 242123 / "'.Si'Soo Atsfit . ?S2'5?J ? lso has 46 Ranches in the"; Dominion. Its ■■ I I' __k T r_f ■ W ■■■■!«.■.:: aZ !S» ' IVS $$$ IS&SJS bu.ine» is widespread in Australia. , IJ _P%««I * _^ J. 11L... #_._.l '' 1 |I?i :: i;S83;888 If^Z 8 IS « . \l-te enirantfau, the fieWlwasUie National ISSIIISU Al I M _Ql kT 1 _QO I FIH I: - 1-SSS-SBS _ ■■■J-SS-Sffi ISI ■' Bank of New Zealand. It wa, formed in Lon- ' I J/l I 11^ 111 lfW _f__T/l I/I 111 I • _ 9 ir:: »5 !#:S a-000-000 ■«s:!.o:- s?k§3 • don ,*where its head office re^n S , but the g en-' A#t*lllm VI llVff I-i\/UlUllU : ...- ..»m •■ -t.500.000 3.470,000 2,000,000 37,833,350 52',244:20S ' ass^g? . 5I al management of the bank; is conducted in ' ■ y , As Previously mentioned, the Bank in Hi infancy success- Godward; a Branch in the West End n » I™*™ i, v Wellington. The National Bank took Over the > T . 7 , es, , ' _ , . pjop^^ SciirSiS SSSSSi *of viL^*^^ A^nul irtL baTd buatnjj, of the Bank of Otago (established in (InCOTpOTated tytk Juty, l86l) y^The-head omce of the Bank is in London. at 4" Thread. fn^^g.!^.^™^^ S_,^ JW"t° £ th,' BP 7 J • s™' Th, e atl°nal Bank of New ~' A. .1 needle Street, E.C., the London, manager being Sir Edmuud H. I. Thodey °f th 9 In3 Pector. Mr- Zealand in 1874 Worked On a! paid-up capital ■ I '■'•■-."■" ' ? f S'? 00 ' and net profits were £26,866; __lHfcs , -A ■■• -. ■ : ~ i ■ ' „.^v in 1926 its capital was increased to £2,000,000 : - - ' " and profits were then £312,275. Its reserve A I • ir* , ~ , ...i funds were ; £2,ooo,ooo-with a reserve liability Authorised Capital - •- - £7.031250 - ■ " of shareholders of £6,000,000.' , v r •-'. >w^i,_.^w The lU A TIAM AT Da MI/- -^tp^S^SJSLTSS Paid_Up Capital ■ • " - £6,328,125 IIAIIUINAL OAINK -—^^ »-**-. &«__!___«_.- Reserve Fund and Undivided Profits £3,918,608 *^*mll_.lk T_ yoimpat of the trading banks in New _IO -1X Tr»-» _ T __ /calimd » the Commercial Bank of Australia, t1U,Z46,/33 »f New Zeai and itJ t^isctlt, Trai ass"s - "»<*■ »»■■ ■***&* * 114 If _LJl_j/mJLi_r\ill_/« LIU* Commonwealth Bank of Australia coming into ' «■» -" 7 *-,'%*# the New Zealand banking field. The Governor, Mr. Demson Miller, visited the Dominion with Subscribed Capital £6 000 000 the object of establishing branches of the bank, . «■ tt>,UW,UW andprenuses in Wellington and Auckland, in TTTJ a H mJTJTmi PaiJtm r»™tal ' * n tie bankl. ng^ea were inspected and approved. tit AD UrrlLE: faid-up Capital £2,000,000 Bu* certain legal difficulties remained to be surReserve Fund (Invested in Government, Securities) £1,000,000 »°™ted, and the project fell through. WFLI INCJTOM M P\A/ "7C AIAM X Currency Reserve nnnft " A very important event in the history of VYCL_I_.IINVJIV_/IN INLVV Z.CALAND Reserve , „ „ £1,000,000 manking m New Zealand was the establishment ' Reserve Liability of Shareholders £6,000,000 of *c New Reserve Bank. General Manager ' F W DaWSOn , There was some divergence of opinion among ' -tr_,u/tugt?f • ■* .. W . AJUWbUfi flOOnnnnn banking authOTities as to whether the time was *IU,UUU,UUU «pc or propitious for the establishment of the T n\mn\T r\ Z7Z77i^Z7 00 n . _■ " . — ReseV e B? nk" TJ]e Government, however, LONDON OFFICE.' oo branches and Agencies in New Zealand tIA s anrJ bk d otherwise-. The New Zea-' A and Agents Throughout the World QUEEN VICTORIA STREET, E.C., 4. . Mr. W. F. L. Ward, is a banker of very long exAgents in Australia: penence of New Zealand conditions. RanWpr? * Rank r>f EnalxnA MMUn^ D««l, I " THE COMMERCIAL BANKING CO. OF SYDNEY, LTD.yTHE NATIONAL l^^V^fe SS aS.iS ' Bank of England, Midland Bank Ltd. _ > BANKOFAUSTRALASIA.LTD. ENGLISH, SCOTTISH ki"1? Mlic «nd «,000,000 appropriated from 223 BRANCHES AND AGENCIES IN NEW ZEALAND, AUSTRALIA LONDON mi . AND AUSTRALIAN BANK, LTD. ' Ji^-^STJitSLJ^?: AND SAMOA. , LONDON, FIJI ' producing and mercantile interests, and the * ; : Government (the Secretary to the Treasury) • EVERY DESCRIPTION OF BANKING BUSINESS 'r^STS. »*^SX <r™s *W* : CONDUCTED OR AREIANGED tank-notes; it ,has fixed the rate of exchange " ' ' ' in London; it holds sterling funds in London, AGENTS THROUGHOUT THE WORLD INTEREST ALLOWED ON FIXED DEPOSITS CHIEF OFFICE IN NEW ZEALAND: WELLINGTON. DRAFTS AND LEITERS °F CREp,T ,SSUED ' AND RE M ,ttance S .General Manager: SIR JAMES GROSE need" ' ' MADE TO ALL PARTS OF THE WORLD For some of the above historical details • EVERY DESCRIPTION OF BANKING BUSINESS CONDUCTED acknowledgment is made to "Banking in New x~ -————^—- -J| . Zealand," by Moore and Barton. ' > _