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 - BANKS
During the past week the Oriental Bank under the management of Mr. Beauchamp Stacy, who will be remembered by many old Lachlan men, has opened a branch in Queen Street. He has as his ‘sub’, Mr. Honour, lately stationed at Burrangong. The Bank of New South Wales has also opened a branch with Mr. Wilkinson of Mudgee in charge. Mr. Buckland, lately of Araluen is his sub. The extension of these banking facilities is a proof that in the financial world Gulgong is a place not altogether unknown.
Source: Gulgong Guardian, Issue No 1, 18 February 1871
1873 - [ACCIDENT]
Mr. Beauchamp Stacy Manager of the Oriental Bank who fell off his horse, is fast recovering nicely, he is up and about, with his arm in a sling.
1875 - Presentation of a Testimonial to Beauchamp Stacy
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
1873 - [ACCIDENT]
Mr. Beauchamp Stacy Manager of the Oriental Bank who fell off his horse, is fast recovering nicely, he is up and about, with his arm in a sling.
Source: Gulgong Guardian, Issue No 157, 15 February 1873
On Monday a number of friends met at Selff’s Hotel to farewell Beauchamp Stacy, of the Oriental Bank, a position he has held since the opening of Gulgong, he is to be present with a valuable gold watch. T A Browne in the chair, William Murphy read the address. Mr Brough proposed the toast, to great applause.
Source: Gulgong Evening Argus, 19 January 1875
