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Newspaper
Canberra Times
Location
Canberra, Australian Capital Territory, Australia
Date
Jul 14, 1962
Page
8
The Commonwealth Bank in Canberra since 1913 shows a shift from a traditional ledger to the Postamantic machine. It automatically identifies and posts cheques, boosting staff output by 50 percent. The illustration depicts a modern banking chamber designed for efficient client handling.
A look at the Commonwealth Bank’s 50 year history from its 1912 founding by Denison Miller to its growth into Australia’s central bank system. It notes wartime loans, soldier housing schemes, and the creation of the Trade Banking, Savings, and Development divisions now serving millions with hundreds of branches.
A chronological summary of key milestones from 1911 to the 1950s involving the Commonwealth Bank of Australia. It notes Royal Assent in 1928, appointments, branch openings, structural reorganizations, and department mergers including savings, rural credit, foreign exchange, mortgage, and development functions. It references overlaps with related savings and government banks and consolidations into development bodies.
Bank archives reveal salvage of 277 boxes of gold from the Niagara after it hit a mine near Whangarei in 1940, with £2.4 million recovered. Early 1942 saw plans to evacuate banks from northern Australia as Darwin was bombed and Singapore fell.
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