1889 - Rare Bank Of Australasia Cheque - Ballarat Victoria

Price : $55.00

1889 - Rare Bank Of Australasia Cheque - Ballarat Victoria

Here is a very nice example of a bank cheque from the Bank of Australasia. dated April 18th 1889 It has a small amount of fading through the banks insignia and some ink smears from poor penmanship.

Overall it is still in great condition.

Ballarat was renowned for its vast riches during the goldrush of the 1850's and 60's.

This cheque represents a unique piece of the latter part of that historical era and as such is highly collectible and desirable for all collectors.

A Time In Australian History When:

30 September – The Palmerston and Pine Creek Railway narrow gauge railway in the Northern Territory is officially opened.

21 December – The poem Clancy of the Overflow, by Banjo Paterson, is first published in The Bulletin magazine.

9 February - Peter Lalor, Eureka Stockade leader dies (born 1827)

*All additional history taken from Wikipedia for educational purposes only.

The first bank to be established in Australia was the Bank of New South Wales, which was established in Sydney in 1817, with Edward Smith Hall as its cashier and secretary.During the 19th and early 20th century, the Bank opened branches throughout Australia and Oceania: at Moreton Bay (Brisbane) in 1850, then in Victoria (1851), New Zealand (1861), South Australia (1877), Western Australia (1883), Fiji (1901), Papua New Guinea (1910) and Tasmania (1910). In 1835 a London-based bank called The Bank of Australasia was founded that would eventually become the ANZ Bank. In 1951, it merged with the Union Bank of Australia, another London-based bank, which had been formed in 1837. In 1970, it merged with the English, Scottish and Australian Bank Limited, another London-based bank, formed in 1852, in what was then the largest merger in Australian banking history, to form the Australia and New Zealand Banking Group Limited.

A speculative boom in the Australian property market in 1880 led to the Australian banking crisis of 1893 in the colony. This was in an environment where little government control or regulation of banks had been established yet and led to 11 commercial banks failures.

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