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.

Te whakamahi i tēnei tūemi

Reserve Bank of New Zealand

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Te tuhi tohutoro mō tēnei 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 6 July 2020)

He kōrero nā David Tripe, i tāngia i te 11 Mar 2010