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Statements

Subject Item
dbr:Bank_of_Australia
rdf:type
yago:Company108058098 n6:Agent yago:Institution108053576 wikidata:Q24229398 yago:Group100031264 yago:WikicatDefunctBanksOfAustralia dbo:Company owl:Thing yago:FinancialInstitution108054721 yago:Abstraction100002137 yago:DepositoryFinancialInstitution108420278 dbo:University yago:YagoPermanentlyLocatedEntity yago:YagoLegalActor yago:YagoLegalActorGeo yago:WikicatBanksEstablishedIn1826 dbo:Organisation yago:Organization108008335 wikidata:Q4830453 wikidata:Q43229 schema:Organization yago:SocialGroup107950920 dbo:Agent n6:SocialPerson
rdfs:label
Bank of Australia
rdfs:comment
The Bank of Australia was a failed financial institution of early colonial New South Wales formed in 1826 by a producers' and merchants' group as a rival to the Bank of New South Wales. It was dubbed the "pure merino" bank because its share register included the plutocracy of the colony but excluded the ex-convicts who had been associated with the Bank of New South Wales. When investors responded to the depression of the late 1830s by the abrupt withdrawal of capital leading to a chain of insolvencies, a number of colonial banks found that their unrestricted lending had sent prices land soaring as speculators borrowed to invest especially in urban areas. When the banks called in these loans further insolvencies occurred and a number of banks, including the Bank of Australia, failed in 1843
foaf:name
Bank of Australia
dbp:name
Bank of Australia
dcterms:subject
dbc:Australian_companies_established_in_1826 dbc:Economic_history_of_Australia dbc:Banks_disestablished_in_1843 dbc:Banks_established_in_1826 dbc:History_of_Australia_(1788–1850) dbc:1843_disestablishments_in_Australia dbc:Defunct_banks_of_Australia
dbo:wikiPageID
33101106
dbo:wikiPageRevisionID
1112390611
dbo:wikiPageWikiLink
dbr:James_Norton_(New_South_Wales) dbr:GDP dbc:1843_disestablishments_in_Australia dbc:Defunct_banks_of_Australia dbr:John_Oxley dbc:Economic_history_of_Australia dbc:Australian_companies_established_in_1826 dbr:Thomas_Icely dbr:Thomas_Macvitie dbr:Edward_Wollstonecraft dbr:Hannibal_Hawkins_Macarthur dbr:John_Macarthur_(wool_pioneer) dbc:History_of_Australia_(1788–1850) dbc:Banks_established_in_1826 dbr:Westpac dbc:Banks_disestablished_in_1843
owl:sameAs
n13:4WL6U yago-res:Bank_of_Australia n15:149435795 wikidata:Q4856051 freebase:m.0h659rw
dbp:wikiPageUsesTemplate
dbt:Use_dmy_dates dbt:Infobox_company dbt:Authority_control dbt:Portal dbt:Main dbt:Rp dbt:Reflist dbt:Use_Australian_English
dbp:areaServed
Colony of New South Wales
dbp:defunct
1843
dbp:foundation
1826
dbp:locationCity
Sydney
dbp:locationCountry
Australia
dbp:type
Bank
dbo:abstract
The Bank of Australia was a failed financial institution of early colonial New South Wales formed in 1826 by a producers' and merchants' group as a rival to the Bank of New South Wales. It was dubbed the "pure merino" bank because its share register included the plutocracy of the colony but excluded the ex-convicts who had been associated with the Bank of New South Wales. When investors responded to the depression of the late 1830s by the abrupt withdrawal of capital leading to a chain of insolvencies, a number of colonial banks found that their unrestricted lending had sent prices land soaring as speculators borrowed to invest especially in urban areas. When the banks called in these loans further insolvencies occurred and a number of banks, including the Bank of Australia, failed in 1843. A number of leading colonial figures lost their fortunes with many taking advantage of the Insolvent Debtors Act 1841.
gold:hypernym
dbr:Institution
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n15:149435795
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wikipedia-en:Bank_of_Australia?oldid=1112390611&ns=0
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4083
dbo:foundingYear
1826-01-01
foaf:isPrimaryTopicOf
wikipedia-en:Bank_of_Australia