Neha Patil (Editor)

Bank of South Australia (1837)

Updated on
Edit
Like
Comment
Share on FacebookTweet on TwitterShare on LinkedInShare on Reddit

The first Bank of South Australia was founded by the South Australian Company in 1837 and became defunct in 1892.

Contents

From 1840, it was associated with or a subsidiary of the South Australian Banking Company. From 1868, there was only one body, the Bank of South Australia.

Foundation

Officers:

  • David McLaren, manager
  • Edward Stephens, cashier and acting manager
  • Board of Directors:

  • George Fife Angas
  • Raikes Currie, M.P.
  • Charles Hindley, M.P.
  • Henry Kingscote
  • John Pirie
  • Christopher Rawson
  • John Rundle, M.P.
  • Thomas Smith
  • James Ruddell-Todd
  • Henry Waymouth
  • Managers

    (later occasionally titled "Colonial Manager" - South Australian Company title or to distinguish from branch managers?)

  • David McLaren 1837
  • Edward Stephens - officially from 1841 (but in practice from a much earlier date) to c. 1856
  • John Coleman Dixon (acting manager, then manager of South Australian Banking Company / Bank of South Australia from 1855 to 1865
  • William Selby Douglas (previously manager Gawler branch) 1864 to 1869
  • Thomas Drury Smeaton (previously manager Robe branch) occasionally between 1870 and 1884
  • William G. Cuthbertson to 1878?
  • John Currie 1879 to 1884
  • Vipont Howgate 1884 to 1886
  • Anderson (acting pro tem)
  • John White Meldrum (died 12 January 1898) 1887 to 1891
  • J. L. Ogilvie (1891 to 1892)
  • In 1892, under pressure of falling share values, and following collapse of banks in Victoria, the Bank of South Australia was taken over by the Union Bank of Australia.

    References

    Bank of South Australia (1837) Wikipedia