About: Bank of Australia

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An Entity of Type : yago:WikicatDefunctBanksOfAustralia, within Data Space : dbpedia.org associated with source document(s)
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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

Attributes	Values
rdf:type	Thing company schema:Organization dul:Agent dul:SocialPerson agent wikidata:Q24229398 Organization Business enterprise yago:WikicatBanksEstablishedIn1826 yago:Abstraction100002137 yago:Company108058098 yago:DepositoryFinancialInstitution108420278 yago:FinancialInstitution108054721 yago:Group100031264 yago:Institution108053576 yago:Organization108008335 yago:YagoLegalActor yago:YagoLegalActorGeo yago:YagoPermanentlyLocatedEntity organisation university yago:SocialGroup107950920 yago:WikicatDefunctBanksOfAustralia
rdfs:label	Bank of Australia (en)
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 (en)
foaf:name	Bank of Australia (en)
name	Bank of Australia (en)
dcterms:subject	Economic history of Australia Defunct banks of Australia 1843 disestablishments in Australia Australian companies established in 1826 Banks disestablished in 1843 Banks established in 1826 History of Australia (1788–1850)
Wikipage page ID	33101106 (xsd:integer)
Wikipage revision ID	1112390611 (xsd:integer)
Link from a Wikipage to another Wikipage	John Oxley Economic history of Australia Edward Wollstonecraft GDP Thomas Icely Defunct banks of Australia Westpac 1843 disestablishments in Australia Australian companies established in 1826 Banks disestablished in 1843 Hannibal Hawkins Macarthur Banks established in 1826 History of Australia (1788–1850) John Macarthur (wool pioneer) James Norton (New South Wales) dbr:Thomas_Macvitie
sameAs	Bank of Australia Bank of Australia Bank of Australia Bank of Australia Bank of Australia
dbp:wikiPageUsesTemplate	dbt:Authority_control dbt:Infobox_company dbt:Main dbt:Portal dbt:Reflist dbt:Rp dbt:Use_Australian_English dbt:Use_dmy_dates
area served	Colony of New South Wales (en)
defunct	1843 (xsd:integer)
foundation	1826 (xsd:integer)
location city	Sydney (en)
location country	Australia (en)
type	Bank (en)
has 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. (en)
gold:hypernym	Institution
schema:sameAs	Bank of Australia
prov:wasDerivedFrom	wikipedia-en:Bank_of_Australia?oldid=1112390611&ns=0
page length (characters) of wiki page	4083 (xsd:nonNegativeInteger)
founding year	1826-01-01 (xsd:gYear)
foaf:isPrimaryTopicOf	wikipedia-en:Bank_of_Australia
is Link from a Wikipage to another Wikipage of	George Gipps John Hosking (politician) Throsby Park Timber Slab Cottage, Tempe Tusculum, Potts Point James Mitchell (New South Wales politician) London Chartered Bank of Australia Bank of Australasia Bank of Australia robbery Hannibal Hawkins Macarthur John Macarthur (wool pioneer) George Wright Hawkes Thomas Valentine Blomfield
is foaf:primaryTopic of	wikipedia-en:Bank_of_Australia

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