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The New Zealand Company was a 19th-century English company that played a key role in the colonisation of New Zealand. The company was formed to carry out the principles of systematic colonisation devised by Edward Gibbon Wakefield, who envisaged the creation of a new-model English society in the southern hemisphere. Under Wakefield's model, the colony would attract capitalists who would then have a ready supply of labour—migrant labourers who could not initially afford to be property owners, but who would have the expectation of one day buying land with their savings.
Bank of Auckland was an Auckland, New Zealand note-issuing bank which took up deposits, made loans and was entitled to deal in precious metals but was not permitted to purchase real estate except to carry on its proper business. Its business focus was on Auckland Province.
The history of the banking sector in New Zealand dates back to the early days of European settlement in the country. Over the years, the banking industry has played a vital role in supporting economic growth and development, providing financial services to individuals, businesses, and the government. This article explores the significant milestones and transformations in the history of the New Zealand banking sector.
References
- ↑ "Story - Stock market - New Zealand Banking Company". New Zealand Gazette and Wellington Spectator. 2 May 1840.
- ↑ Carleton, Hugh (1874). "Vol. II". The Life of Henry Williams. Early New Zealand Books (ENZB), University of Auckland Library. p. 48.
- ↑ "NEW ZEALAND Banking Company - Bank of New Zealand Archives". The community archive. Retrieved 5 May 2013.
- ↑ "Bank of New Zealand the twenty-first anniversary". New Zealand Herald. 14 October 1882. p. 5.
- ↑ "Auckland Savings Bank opens for business". Ministry for Culture and Heritage. 20 January 2021.
- ↑ "Auckland's 175th anniversary: Fall on steps can't stop rise of city". NZ Herald. 13 June 2015. Retrieved 25 April 2023.
