New bank near-ready
NZPA-AAP Sydney The merchant bank, Hill Samuel Australia, Ltd, expects its, trading bank arm to begin operations next month, subject to Treasury approval, and it has chosen early domestic coinage as the logo for Macquarie Bank, Ltd. The executive chairman, Mr David Clarke, said in a statement that work on setting up the Macquarie Bank had been substantially completed and it was set to become the second private Australian trading bank founded this century. The trading bank's corporate logo is based on early domestic coinage known as the holey dollar. Governor Lachlan Macquarie introduced the coin to ovdbcome a shortage in the early days of the Australian penal colony, after punching out the centre of imported Spanish silver dollars to create two coins from one.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19850124.2.102.3
Bibliographic details
Press, 24 January 1985, Page 19
Word Count
128New bank near-ready Press, 24 January 1985, Page 19
Using This Item
Stuff Ltd is the copyright owner for the Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Copyright in all Footrot Flats cartoons is owned by Diogenes Designs Ltd. The National Library has been granted permission to digitise these cartoons and make them available online as part of this digitised version of the Press. You can search, browse, and print Footrot Flats cartoons for research and personal study only. Permission must be obtained from Diogenes Designs Ltd for any other use.
Acknowledgements
This newspaper was digitised in partnership with Christchurch City Libraries.
Log in