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Banking in Australasia

Banking in Australasia

1100 руб.
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Excerpt from Banking in Australasia: From a London Official's Point of View, With Some Remarks on Mortgage and Finance Companies

The use of the word "debenture" in a pamphlet recently published by another bank officer and myself having given rise to considerable misapprehension, it was necessary to give some explanation, and the present form has been adopted. In justice to my co-pamphleteer I ought to add that he was unwilling that the word "debenture" should appear without explanation; but brevity being of importance in a pamphlet, it was not thought necessary to explain a matter, which, from the writer's point of view, admitted of no construction other than that he intended it should bear.

Although from its comparatively modem growth the details of Australian banking history are familiar to us, there are not a few incidents which have passed out of recollection. A case in point is the Royal Bank of Australia, and its remarkable chairman, Mr. Benjamin Boyd, a sketch of whose career is given in the concluding chapter of this work. The Bank of Queensland, Limited, also, though of more recent date, has well nigh faded into oblivion. It is hoped that the brief historical accounts of the various banks, which have been carefully compiled from authoritative sources, will be useful and interesting, and perhaps instructive, to those connected with Australian commerce. No attempt has hitherto been made to bring into a tangible form the history of the Australian banks. Indeed, beyond two papers read before two of the learned societies, Australian banking literature may be said to have no existence whatever.

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