THE BANK OF NOVA SCOTIA, King Street, Kingston Cir. 1920
For many years merchants in Nova Scotia Canada had traded saltfish, lumber, and potatoes for Jamaican rum and molasses. By the late 1880s, with the development of the Jamaican economy through the expansion of roads and railways, the development of the banana industry and the stabilization of export prices created the need to place this barter trade on a monetary basis. With only one Bank - The Colonial Bank- operating in Jamaica, The Bank of Nova Scotia once again provided Jamaican and Nova Scotian merchants with an alternative when it opened a Branch in Kingston in 1889. With this historic move The Bank of Nova Scotia became the first Canadian Bank to open in the West Indies, and the first Canadian Bank with a foreign operation... outside of the United States or the United Kingdom.
When the Earthquake of 1907 and its resulting fire, devastated Kingston, The Bank of Nova Scotia mobilized to clear away rubble, recover banking records and cash from the buried vault and resumed banking service almost immediately. Source: Scotiabank Archives.
Staff in 1894
W.E. Stavert Agent
I. Imrie Teller
William Gauld Clerk
Photograph, private collection
For many years merchants in Nova Scotia Canada had traded saltfish, lumber, and potatoes for Jamaican rum and molasses. By the late 1880s, with the development of the Jamaican economy through the expansion of roads and railways, the development of the banana industry and the stabilization of export prices created the need to place this barter trade on a monetary basis. With only one Bank - The Colonial Bank- operating in Jamaica, The Bank of Nova Scotia once again provided Jamaican and Nova Scotian merchants with an alternative when it opened a Branch in Kingston in 1889. With this historic move The Bank of Nova Scotia became the first Canadian Bank to open in the West Indies, and the first Canadian Bank with a foreign operation... outside of the United States or the United Kingdom.
When the Earthquake of 1907 and its resulting fire, devastated Kingston, The Bank of Nova Scotia mobilized to clear away rubble, recover banking records and cash from the buried vault and resumed banking service almost immediately. Source: Scotiabank Archives.
Staff in 1894
W.E. Stavert Agent
I. Imrie Teller
William Gauld Clerk
Photograph, private collection
THE BANK OF NOVA SCOTIA
William Ewen Stavert agent for The Bank of Nova Scotia in Kingston 1889 - 1895
Scotiabank Archives
William Ewen Stavert agent for The Bank of Nova Scotia in Kingston 1889 - 1895
Scotiabank Archives
No comments:
Post a Comment