Why is this place significant?

The first bank to open in Oamaru was the Bank of New Zealand, opening a branch in Tyne Street in 1862. The first Bank of New South Wales opened in New Zealand in the wake of the gold rushes in Central Otago, opening seven branches throughout the country. In North Otago the first branch opened in 1876 in wooden premises on Tyne Street, the last of the trading banks to open in the North Otago town. In 1882 authority was given to the Bank of New South Wales’ inspector to purchase a quarter acre building site adjacent to the National Bank. The site had been occupied by timber merchant Henry Aitken In early 1883 architect Robert Arthur Lawson advertised for the ‘ERECTION of OFFICES’ in Thames Street. Lawson, one of New Zealand’s pre-eminent nineteenth century architects, was well known for his church designs, but also undertook significant commercial work. His commercial buildings included banks, offices, shops and warehouses. His notable bank buildings included the Bank of Otago in Oamaru (1870 - later the National Bank building, Record No. 363, Category I) and the Union Bank of Australasia in Dunedin (1874, later the ANZ Bank, Record No. 2138, Category II). In August 1883 the North Otago Times reported that the tender of Messrs Philpot and Matheson of Dunedin had been accepted at a cost of something over £5,000. Philpot and Matheson were active in Dunedin in the early 1880s, and in 1884 were the successful tenderers for the construction of the Southland Meat Company’s Freezing Works at Bluff. Little else is known of their work. The site was immediately to the south of the National Bank with a 62 foot (18.9 metre) street frontage. The paper reported that the plans showed ‘’an exceedingly handsome building in the full Corinthian order of architecture, the beauty of which will be enhanced, as in the National Bank, by a piazza, having a parapet and balustrade,, supported by six projected fluted Corinthian columns.’ The bank had three levels - ground and first floors with a basement level - 43 feet (13.1 metres) above the street line, 13 (4.0 metres) proud feet higher than the National Bank. The principal elevation was divided into five bays separated by columns. The depth was 50 feet (15.2 metres). The public entrance was through the porch into the banking hall, a generous room of 29 foot by 22 foot (8.8 metres by 6.7 metres), with a height of 17 foot (5.2 metres). The ceiling was panelled in ’12 divisions with enriched cornices and centre flowers.’ The waiting room and manager’s room were to the south of the entrance. Off the hall were a strong room and lavatory and other service areas. The upper storey housed the manager’s residence, though the dining room was on the ground floor. The basement provided space for kitchen and offices. The private entrance was on the south frontage, ‘approached from the street by a stone causeway.’ The result, the paper enthused, was a ‘graceful while massive building, and one which will be second to none in the town.’ The intricate carving is thought to be the work of one of the Godfrey brothers. One of the Godfrey brothers had worked with Lawson on the Bank of Otago (National Bank) next door. The bank opened on 19 September 1884. The Bank of New South Wales traded on this site for the next 95 years. By the 1970s the building no longer suited the needs of the Bank of New South Wales and the head office approached the Oamaru Borough Council with the view of exchanging the Borough’s leasehold land nearby for the bank’s freehold land and building. The bank was conscious of the ‘architectural and historic value’ of the building and hoped it might be used in a manner beneficial to Oamaru. The mayor noted that architect J.M. Forrester who on his death in 1965 had bequeathed over $70,000 to the borough to form the basis of an art gallery, and that the offer of the bank at that time was ‘fortuitous.’ In 1981 plans were prepared by architect B.R. Fleming of Dunedin architectural partnership Mason and Wales to redevelop the building which included earthquake strengthening and interior alterations. Approval in principle to the first stage of development was agreed in June 1981 – internal alterations, with a second stage planned for an addition to the rear of the building (though this was seen as some distance in the future if it was to happen at all). The new Forrester Gallery, named after John Meggatt Forrester, was officially opened in May 1983. The venture was praised as a ‘community and team effort’ and one which remembered one of Oamaru’s ‘most distinguished citizens.’ The centenary of the building was marked in 1984. Celebrations included a selection of architectural drawings depicting North Otago by Forrester and an exhibition of paintings by Oamaru-born Colin McCahon. In 2012 the former Bank of New South Wales in its reincarnation as the Forrester Gallery ‘overarches’ the collection and ‘acts as a linchpin and magnet’ for visitors to Oamaru, a landmark building in this town notable for its Victorian townscape.

ARCHITECTURAL DESCRIPTION (STYLE) Neo-classical building with a hexastyle portico originally surmounted by a balustraded parapet. Columns and pilasters set on high pedestals are of the Corinthian Order. MODIFICATIONS The original parapet has been replaced by a more solid structure in Oamaru stone and interior changes were made with the conservation of the building into a gallery.

Information Sources

Other Information

A fully referenced Upgrade Report is available from the Otago/Southland Area office of NZHPT. This historic place was registered under the Historic Places Act 1980. This report includes the text from the original Building Classification Committee report considered by the NZHPT Board at the time of registration. Please note that entry on the New Zealand Heritage List/Rarangi Korero identifies only the heritage values of the property concerned, and should not be construed as advice on the state of the property, or as a comment of its soundness or safety, including in regard to earthquake risk, safety in the event of fire, or insanitary conditions.