The New Zealand government became a majority owner of the Bank of New Zealand after it nearly collapsed in 1894. Later, the Bank of New Zealand took over the equally vulnerable Colonial Bank, and in 1895 the two banks again required government assistance.
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Alexander Turnbull Library
Reference:
A-312-6-034
Cartoon by William Blomfield
Permission of the Alexander Turnbull Library, National Library of New Zealand, Te Puna Mātauranga o Aotearoa, must be obtained before any re-use of this image.
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