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The Cyclopedia of New Zealand [Nelson, Marlborough & Westland Provincial Districts]

[introduction]

The West Coast has been well provided with banking facilities from the early days of the goldfields. Many interesting and exciting experiences concerning events in those days are fully set forth in an interesting little book entitled “Banking under Difficulties,” published in 1888, and written by a bank official. Greymouth has four branch banks, Hokitika three, and Westport and Reefton two each. The first bank on the Coast was built at Hokitika early in 1865, and in the same year another was opened in Greymouth. Hokitika is the only place on the Coast which has a local savings bank, but the Post Office Savings Bank is represented in all the larger centres. Though the returns of gold are small, in comparison with the immense quantities won in the early days of the goldfields, still a considerable amount is brought into the various banks.