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Story: Banking and finance

Bank of Otago £1 note

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Bank of Otago £1 note

The Bank of Otago, set up to profit from the Otago gold rushes of the 1860s, was formed in London in 1863. It traded in Otago until 1873, when it went into liquidation. Much of its business was taken over by the newly formed National Bank.

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Reserve Bank of New Zealand

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How to cite this page

David Tripe, Banking and finance – Banking and finance to 1984, Te Ara – the Encyclopedia of New Zealand, https://teara.govt.nz/en/object/26390/bank-of-otago-ps1-note (accessed 4 June 2026).

Story by David Tripe, published 26 February 2010.