Cover image for Colonial Bank
Agency:
Colonial Bank
Agency Number:
Start Date:
11 Jul 1840
End Date:
30 Jun 1847
Description:
Opened in temporary offices in 58 Liverpool Street, Hobart, on 11 July 1840 after a preliminary meeting, held at 9 Macquarie Street. An original share was twenty pounds. C Driscoll was the Managing Director. 
"This bank is established, not less with a view to benefit the industrious tradesmen of the colony, than the settlers generally; both of which classes but too frequently find their intelligence and enterprise counteracted from a want of adequate capital, which this Association proposes to supply."
The Bank closed in 1847 returning Eighteen Shillings and Sixpence in the Pound to the shareholder.
Information Sources:
The Hobart Town Courier and Van Diemen Land Gazette (Tas. : 1839 - 1840) 10 July 1840: 1. <http://nla.gov.au/nla.news-article8747426>.;;Launceston Examiner (Tas. : 1842 - 1899) 2 June 1847: 2 <http://nla.gov.au/nla.news-article36252191>.
Functions Performed:
Tasmanian businesses