Australian Joint Stock Bank Explained

The Australian Joint Stock Bank was a bank in Australia. It operated from 1852 to 1910, after which it became the Australian Bank of Commerce and then was taken over by the Bank of New South Wales in 1931.

History

The Australian Joint Stock Bank was created in 1852 by an Act of the New South Wales Parliament.^[1] It issued its first banknotes in 1862.^[2]

In 1910, the Australian Bank of Commerce was registered in New South Wales under the Joint Stock Companies Act to take over the Australian Joint Stock Bank. In 1917 it acquired the City Bank of Sydney.^[3]

In 1931, the Bank of New South Wales (now Westpac) acquired the Australian Bank of Commerce.

Heritage buildings

Some of the former bank's buildings are now heritage-listed, including:

• Australian Joint Stock Bank Building, Maryborough^[4]
• Australian Joint Stock Bank Building, Townsville^[5]
• Gympie Stock Exchange (originally built for the Australian Joint Stock Bank) ^[6]
• Commonwealth Bank Building, Mackay (originally built for the Australian Joint Stock Bank) ^[7]

Notes and References

1. Web site: The Australian Joint Stock Bank Limited (1852 - 1910). Guide to Australian Business Records. 6 November 2015.
2. Web site: Australian Joint Stock Bank one-pound note. Australian Broadcasting Corporation. 6 November 2015. 26 March 2015.
3. Web site: The Australian Bank of Commerce Limited (1910 - 1931). 2 January 2016. Guide to Australian Business Records.
4. 6 November 2015.
5. 6 November 2015.
6. 1 August 2014.
7. 1 August 2014.