Bankers in front of Oriental Bank, Gulgong, 1872
Source: SLNSW
The Oriental Bank was situated on Mayne Street, next to the Star Hotel. Beauchamp Stacy was the manager.
Source: Note supplied by Baldwin & Davis, Research Gulgong (July 2006)
The Oriental Bank Corporation was established in 1851 in India and soon became a multinational network with a head office in London. It was one of the banks to become widely established in Australia in the 1850s, due to the gold rush. At the time, Chinese miners, labourers and traders in Australia used the bank’s facilities as a more secure means of transferring money back to China. The Oriental Bank closed in 1882.
Source: Jones, British Multinational Banking, 1830-1990; Aust. Business Review, 18 Nov., 2013.
NEWS ITEMS
1871 - [NEW PREMISES]
Oriental Bank are about to erect new bank premises on the site occupied by their present counting house. The new building has a very handsome elevation to Queen Street, it will have a 24 feet frontage. The banking room will be 24 x 15 suitably fitted up. The front will have two large windows with the sashes fitted in with only two panes of plate glass. Mr. Hall is the contractor and will have the building finished in five weeks.
Source: Gulgong Guardian, Issue No 27, 19 August 1871
