{{Short description|Bank in New Zealand}} {{Multiple issues| {{moresources|date=June 2020}} {{inline citations|date=April 2021}} }} {{Use dmy dates|date=September 2015}} {{Use New Zealand English|date=September 2015}} thumb|Five pound note issued at Wellington 30 November 1855 The '''Colonial Bank of Issue''' was a New Zealand state owned bank that operated between 1847 and 1856 in an early unsuccessful attempt to create a government-owned issuer of bank notes in New Zealand. The bank was created by an Ordinance of the Governor of New Zealand, Sir George Grey. Its first manager was Charles Knight.<ref name="DNZB Knight">{{DNZB|Galloway|D. J.|1k14|Charles Knight|9 February 2017}}</ref>
Pressure from the newly formed Colonial Parliament, the Union Bank of Australasia, and the local commercial sector, along with views developed in the Colonial Office in the United Kingdom to allow experimentation on competition in the issue of banknotes, led to the bank being wound up by the New Zealand Colonial Bank of Issue Winding-Up Act 1856.
==References== {{Portal|Banks}} {{Reflist}} * [https://web.archive.org/web/20100515010654/http://rbnz.govt.nz/research/bulletin/2002_2006/2003mar66_1matthews.pdf The legal history of money in New Zealand, Ken Matthews, Reserve Bank of New Zealand: Bulletin Vol. 66 No. 1 ]
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Category:Defunct banks of New Zealand Category:Government-owned companies of New Zealand Category:1847 establishments in New Zealand Category:Banks established in 1847 Category:1856 disestablishments in New Zealand Category:Banks disestablished in 1856
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