291:
207:
183:
29:
817:
233:
800:
197:
The many advertisements announced: "The Bank will receive money on deposit in London and New
Zealand, repayable at long and short dates, open drawing accounts in the colony, issue Notes, discount Bills, conduct exchange operations, receive dividends, interest, &c, for customers, effect purchases
302:
were entered into during 1870 but were broken off in May that year. Work on the expensive stone new building at Oamaru was halted for some months but did resume and smaller branches continued to establish themselves around the region. A disastrous fire broke out beside the substantial Tay Street
146:'s Otago province from late 1863 until it was bought in 1873 by a new London incorporation, The National Bank of New Zealand, also run from Dunedin but endowed with many times more capital and plans to operate nationwide.
229:
Two of his accounts proved to be unsatisfactory investments of bank funds and
Bathgate was obliged to tender his resignation from his Bank of Otago post effective on the arrival of his replacement.
218:
was sent by the London board to be colonial manager (chief executive in New
Zealand). He arrived in Dunedin on 23 November 1863. He was a Scottish solicitor with banking experience. His practice in
352:
would absorb The Bank of Otago were completed on 17 April 1873. The bank's business was handed over by
William Larnach on 1 July 1873. Larnach remained manager of the new bank into 1874.
329:
194:
The Head Office was to be in London and the chief branch in
Dunedin. Other branches or agencies were to be established at such settlements as the directors would determine.
1068:
1073:
321:
the new bank was incorporated in London by a different group of people including a number of former high profile New
Zealand residents, among them former
256:, a long time Sydney member of the Bank of New South Wales' board was later chairman of the London board. William Larnach was also a family friend of
1058:
1048:
299:
159:
244:, who was appointed from London and arrived in Dunedin in September 1867 to be chief colonial manager of the bank. Larnach had joined the
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892:
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854:
332:
1013:
314:, was announced in London. It would have many times more capital and it would begin its business by absorbing the Bank of Otago.
252:
branch at a time when poor communications placed heavy responsibility on branch managers. Larnach was well-connected: his uncle,
206:
972:
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290:
162:
and six others with banking interests in India, Canada and Africa, promoted the sale of its shares always referring to the
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187:
85:
182:
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992:
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Invercargill building in
October 1871. The fire destroyed all the buildings in the block but only scorched the
278:. The new bank managed to survive rather than prosper. It was sold on 1 July 1873 to form the core of the new
1008:
392:
386:
322:
245:
222:— then a centre of the Scottish woollen industry — had extended to his taking on the Peebles agency for the
847:
376:
223:
806:
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171:
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155:
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Oamaru branch building. Opened in the winter of 1871. Bought along with the banking business by the
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and sales in funds, stock, &c, for them, and transact all other legitimate banking business."
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and special enabling legislation enacted in New
Zealand, (the) Bank of Otago Limited Act, 1863.
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just across the narrow alley —favoured, it was reported, by a light wind from the north-west.
497:
355:
The twelve branches of Bank of Otago taken over by the
National Bank were (with managers):
241:
163:
119:
899:
318:
253:
28:
154:
The Bank of Otago
Limited was incorporated in London in 1863. Its board of directors:
1037:
370:
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114:
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442:
143:
232:
274:, twelve branches were established within Otago's sphere of influence. The
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Tay Street building before the fire. Bank of New Zealand on the left
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Negotiations for an amalgamation of the banking business with the
289:
267:
Larnach was expected to remain with them a further twelve months.
231:
205:
167:
905:
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and the spectacular growth in the amount of gold exported from
782:
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260:, said at that time to be the richest man in Australasia.
240:
Bathgate was replaced by 34-year-old Australian-born
634:
Scholefield, G. H., "Larnach, William James Mudie",
132:
Note-issuing, banking, financial and saving services
1001:
955:
948:
868:
128:
105:
91:
72:
54:
46:
38:
942:Italics in the above indicate domestic ownership.
765:The Arrow Observer and Lakes District Chronicle
474:, Saturday, April 25, 1863, Issue 24542, p.13.
300:English Scottish and Australian Chartered Bank
848:
8:
21:
952:
855:
841:
833:
310:At the end of August 1872 a new bank, the
142:was a bank which successfully operated in
27:
20:
1069:New Zealand companies established in 1863
248:about 1863 and risen to manager of their
741:
739:
181:
795:
463:
348:Negotiations of the terms on which The
317:Its intended sphere far wider than the
636:A Dictionary of New Zealand Biography.
567:A Dictionary of New Zealand Biography.
565:Scholefield, G. H., "Bathgate, John",
470:Money-Market & City Intelligence.
1074:1873 disestablishments in New Zealand
160:English, Scottish and Australian Bank
7:
263:After the Bank of Otago became the
1014:Eastern & Central Savings Bank
14:
815:
798:
170:. The shares were listed on the
1:
1059:Banks disestablished in 1873
1049:Defunct banks of New Zealand
968:Colonial Bank of New Zealand
350:National Bank of New Zealand
312:National Bank of New Zealand
280:National Bank of New Zealand
86:National Bank of New Zealand
692:Classified advertisements,
587:, 11 November 1863. p. 10.
498:New Zealand Acts as Enacted
483:Classified advertisements,
33:Banknote dated 12 June 1872
22:The Bank of Otago (Limited)
1090:
1064:Companies based in Dunedin
625:, 12 September 1867. p. 3.
606:, 10 September 1867 p. 3.
537:, 17 September 1863, p. 4.
1054:Banks established in 1863
663:The Fire at Invercargill
638:Wellington: 1940. p. 485.
556:, 24 November 1863, p. 4.
510:The Bank of Otago Limited
340:Provincial Superintendent
26:
16:New Zealand colonial bank
983:Post Office Savings Bank
771:, 16 January 1874. p. 2.
668:18 October 1871 Page 5
569:Wellington: 1940. p. 48.
518:, 10 October 1863, p. 4.
286:Branching out from Otago
270:From the main office in
1009:Canterbury Savings Bank
696:, 16 August 1872. p. 1.
487:, 29 April 1863, page 1
246:Bank of New South Wales
60:; 161 years ago
1002:Regional trustee banks
715:, 17 April 1873. p. 2.
683:2 October 1872 Page 2
295:
237:
224:Union Bank of Scotland
211:
191:
1019:Westland Savings Bank
893:The Co-operative Bank
755:, 21 June 1873. p. 2.
653:25 April 1870 Page 4
548:Shipping Intelligence
293:
235:
209:
185:
172:London Stock Exchange
42:public listed company
863:Banks of New Zealand
733:, 14 May 1873. p. 2.
443:Taieri East and West
156:Alexander Lang Elder
918:Rabobank/RaboDirect
887:Bank of New Zealand
305:Bank of New Zealand
23:
956:Nationwide service
678:Latest Telegrams.
650:New Zealand Herald
326:Thomas Gore Browne
296:
238:
212:
192:
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1026:
769:Lake County Press
752:Otago Daily Times
730:Otago Daily Times
680:Otago Daily Times
665:Otago Daily Times
622:Otago Daily Times
603:Otago Daily Times
584:Otago Daily Times
579:The Bank of Otago
553:Otago Daily Times
534:Otago Daily Times
515:Otago Daily Times
454:
453:
343:Isaac Featherston
319:province of Otago
276:gold rushes ended
202:Open for business
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973:Countrywide Bank
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439:(W. H. Davidson)
401:(Albert Larnach)
367:(John Dalgleish)
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333:Charles Clifford
164:Otago goldfields
84:absorbed by The
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61:
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417:W. C. McDouall)
411:(T. S. Bremner)
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379:(T. T. Ritchie)
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258:W. J. T. Clarke
242:William Larnach
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120:William Larnach
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869:Current banks
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445:(Thomas Ker)
395:(H. H. Hare)
377:Clutha Ferry
373:(J. H. Wood)
365:Invercargill
354:
347:
316:
309:
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269:
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214:54-year-old
213:
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153:
139:
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92:Headquarters
39:Company type
18:
883:/BankDirect
648:Commercial
433:(Jas. Cook)
399:Tokomairiro
335:and former
144:New Zealand
100:New Zealand
1038:Categories
993:Trust Bank
988:Rural Bank
458:References
393:Palmerston
387:Queenstown
337:Wellington
178:Intentions
107:Key people
80:April 1873
76:April 1873
65:April 1863
58:April 1863
694:The Times
485:The Times
472:The Times
328:, former
924:SBS Bank
912:Kiwibank
437:Switzers
431:Riverton
415:Cardrona
323:Governor
210:Bathgate
129:Products
47:Industry
937:Westpac
707:Dunedin
330:Speaker
272:Dunedin
250:Geelong
236:Larnach
220:Peebles
158:of the
96:Dunedin
78: (
73:Defunct
63: (
55:Founded
50:Banking
747:Notice
725:Social
449:
421:Oamaru
409:Winton
150:London
807:Media
168:Otago
906:HSBC
824:Data
138:The
931:TSB
881:ASB
876:ANZ
767:",
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82:)
67:)
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