One Share of Bank Stock. One Hundred pounds. No 2049. Registered in the name of Thomas dela Condamine. Folio 119. Stock Ledger 2049. First July 1833. BANK OF AUSTRALIA.

No. 116 Share Certificate for One Hundred Pounds…
One Share of Bank Stock. One Hundred pounds. No 2049. Registered in the name of Thomas dela Condamine. Folio 119. Stock Ledger 2049. First July 1833.

Sydney: 1833.

Share certificate, printed and completed in manuscript 111.5 x 195 mm.

To Darling's aide-de-camp

A share certificate for stock in the Bank of Australia issued to Governor Darling's aide-de-camp, Thomas Condamine who was instrumental in the establishment of what was to become the Public Library of New South Wales.

A share certificate for stock in the Bank of Australia issued to Governor Darling's aide-de-camp, Thomas Condamine who was instrumental in the establishment of what was to become the Public Library of New South Wales.
The Bank of Australia was established by John Macarthur and business associates on 8 June 1826 and opened for business in Sydney on 3 July 1826 with William Henry Mackenzie as Cashier (Manager) and Thomas Macvitie as Managing Director. Of the 1,000 £100 shares, most were taken up by settlers and Government Officers, with a small amount allotted to merchants. So exclusive was participation deemed by the press, that the bank was dubbed "the pure merino bank". A banking crisis occurred in 1843 and this bank's heavy involvement in over-lending, and in the merchant firm of Hughes & Hosking (to the extent of £143,497) which had gone bankrupt, caused its failure on 2 March of that year. Thomas Condamine was to lose over 1200 pounds in the 1843 collapse.

Price (AUD): $2,100.00  other currencies     Ref: #4504555