Story: Banking and finance

Bank of Auckland £1 note (2nd of 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.

Using this item

Reserve Bank of New Zealand

This item has been provided for private study purposes (such as school projects, family and local history research) and any published reproduction (print or electronic) may infringe copyright law. It is the responsibility of the user of any material to obtain clearance from the copyright holder.

All images & media in this story

How to cite this page:

David Tripe, 'Banking and finance - Banking and finance to 1984', Te Ara - the Encyclopedia of New Zealand, (accessed 22 April 2024)

Story by David Tripe, published 11 Mar 2010