English, Scottish and Australian Bank
Encyclopedia
The English, Scottish & Australian Bank Limited was a former bank which was founded in 1852 by Royal Charter
in London
and was known as the English, Scottish and Australian Chartered Bank. It was merged with the Australia and New Zealand Bank in 1970.
The bank opened its first Australian branch in Sydney
in 1853. Australian banknotes were printed by the bank and issued at branches in Sydney, Adelaide
, Hobart
and Melbourne
. In 1893, the bank was renamed the English, Scottish & Australian Bank following the financial upheaval. The bank was one of 16 banks which supplied blank note forms to the Australian Government in 1911 which were superscribed as redeemable in gold and issued as the first Commonwealth notes. The bank took over the Commercial Bank of Tasmania Limited and the London Bank of Australia Limited in 1921 and the Royal Bank of Australia Limited in 1927.
On 1 October 1970, the bank merged with the Australia and New Zealand Bank to form the Australia and New Zealand Banking Group Limited.
Royal Charter
A royal charter is a formal document issued by a monarch as letters patent, granting a right or power to an individual or a body corporate. They were, and are still, used to establish significant organizations such as cities or universities. Charters should be distinguished from warrants and...
in London
London
London is the capital city of :England and the :United Kingdom, the largest metropolitan area in the United Kingdom, and the largest urban zone in the European Union by most measures. Located on the River Thames, London has been a major settlement for two millennia, its history going back to its...
and was known as the English, Scottish and Australian Chartered Bank. It was merged with the Australia and New Zealand Bank in 1970.
The bank opened its first Australian branch in Sydney
Sydney
Sydney is the most populous city in Australia and the state capital of New South Wales. Sydney is located on Australia's south-east coast of the Tasman Sea. As of June 2010, the greater metropolitan area had an approximate population of 4.6 million people...
in 1853. Australian banknotes were printed by the bank and issued at branches in Sydney, Adelaide
Adelaide
Adelaide is the capital city of South Australia and the fifth-largest city in Australia. Adelaide has an estimated population of more than 1.2 million...
, Hobart
Hobart
Hobart is the state capital and most populous city of the Australian island state of Tasmania. Founded in 1804 as a penal colony,Hobart is Australia's second oldest capital city after Sydney. In 2009, the city had a greater area population of approximately 212,019. A resident of Hobart is known as...
and Melbourne
Melbourne
Melbourne is the capital and most populous city in the state of Victoria, and the second most populous city in Australia. The Melbourne City Centre is the hub of the greater metropolitan area and the Census statistical division—of which "Melbourne" is the common name. As of June 2009, the greater...
. In 1893, the bank was renamed the English, Scottish & Australian Bank following the financial upheaval. The bank was one of 16 banks which supplied blank note forms to the Australian Government in 1911 which were superscribed as redeemable in gold and issued as the first Commonwealth notes. The bank took over the Commercial Bank of Tasmania Limited and the London Bank of Australia Limited in 1921 and the Royal Bank of Australia Limited in 1927.
On 1 October 1970, the bank merged with the Australia and New Zealand Bank to form the Australia and New Zealand Banking Group Limited.