Story: Banking and finance

King movement £1 note (4th of 4)

King movement £1 note

The Māori King Tawhiao established Te Peeke o Aotearoa in 1886; he was probably its organiser and manager. The bank operated from 1886 until about 1905. This is the one of the very few surviving bank notes. Te Peeke o Aotearoa was one of a number of private issuers of currency – colonial traders such as John Jones and James Macandrew similarly issued promissory notes.

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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, (accessed 24 February 2024)

Story by David Tripe, published 11 Mar 2010