Kōrero: Banking and finance

Bank of Auckland £1 note (2 o 4)

Bank of Auckland £1 note

Banks issued their own bank notes until the Reserve Bank of New Zealand was established in 1934. The Bank of Auckland operated for three years in the 1860s. This is a £1 note from 1865. The bank collapsed in 1867 – a run on its funds was averted only when the other trading banks guaranteed its liabilities.

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Reserve Bank of New Zealand

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Me pēnei te tohu i te whārangi:

David Tripe, 'Banking and finance - Banking and finance to 1984', Te Ara - the Encyclopedia of New Zealand, http://www.TeAra.govt.nz/mi/object/24626/bank-of-auckland-ps1-note (accessed 18 July 2019)

Story by David Tripe, published 11 Mar 2010