Media Contact: Jessica Mullenfeld
ZYRUS PRESS PUBLISHING
Telephone: (888) 622-7823
Email: jmullenfeld@zyruspress.com
FOR IMMEDIATE RELEASE:
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Well worth a look. The ‘online’ version of the catalogue is quite nifty in that it can be viewed like an actual catalogue and you can ‘turn’ the pages.
The auction takes place February 23 to 25th 2010.

Date 22 September 2009

Medals of Sir Edmund Hillary on display

The Reserve Bank Museum is hosting an exhibition of the orders, decorations and medals of the late Sir Edmund Hillary, KG, ONZ, KBE.

The exhibition reflects a lifetime of extraordinary achievements that included the first ascent of Mount Everest, the first overland drive to the South Pole, and many projects to benefit the people of the Himalayas.

Acting Governor Grant Spencer said the Reserve Bank Museum was honoured to host the temporary exhibition. “The loan of the medals to the Museum extends the special relationship the Bank has had with Sir Edmund and his family since 1992, when his portrait appeared on the five dollar note.”

At the time Sir Edmund was the only living person, other than the Queen, to appear on circulating currency. A large portrait window featuring the five dollar note is one of the main features of the Reserve Bank Museum.

Sir Edmund’s achievements and work made him a highly respected and well known name in New Zealand and internationally. He was made High Commissioner to India in 1984, three years later appointed to the Order of New Zealand, and in 1995 was made a Knight of the Garter.

Medals and awards on temporary display include the Knight Companion of the Most Noble Order of the Garter, the Letters Patent for his personal Coat of Arms, the Order of the Gurkha Right Arm, and a range of medals and awards from such diverse organisations as the American Geographical Society, the French Geographical Society, and many governments around the world.

The exhibition is open to the public on Tuesday 22 September.

The Museum is open to the public weekdays 9.30am–4.00 pm, except for special events. Entry is free. The Reserve Bank Museum is located in the Reserve Bank Building, 2 The Terrace, Wellington.

See the factsheet on Sir Edmund Hillary and his achievements

http://www.rbnz.govt.nz/about/museum/3754281.pdf

75 years for the Reserve Bank of New Zealand

In August 2009 the Reserve Bank of New Zealand marks its 75th year of operations, three quarters of a century that span some of New Zealand's most tumultuous decades.

The Reserve Bank was founded in response to developments in the early twentieth century. Britain was eager for its Dominions to establish their own central banks, so they could set their monetary policies to suit specific local conditions. However, in New Zealand the wheels only began turning with vigour after a 1931 visit by British economic expert Otto Niemeyer, who recommended a central bank to the government of Prime Minister George Forbes.

The Bank opened on 1 August 1934 with little fanfare. "We were launched last Wednesday," founding Governor Leslie Lefeaux wrote to Niemeyer. "But no flags; no trumpets, and no breaking of champagne bottles on the bow. We merely glided gently and noiselessly down the slipway. I felt in the circumstances that that was the best course."

Today's Governor Alan Bollard notes that from this almost imperceptible beginning, the functions of the Reserve Bank have taken on significant growth and complexity in the past 75 years. "Although stabilisation is our pressing need at present, we have not lost sight of the need to continue with enhancements to our role as New Zealand's central bank," Dr Bollard said.

The present day role of the Bank is defined by the Reserve Bank Act 1989, which identifies a wide range of functions and powers that have made it one of the few 'full service' central banks in the world.

The Reserve Bank nevertheless had an initial public impact in 1934 - all the old trading bank notes were replaced immediately by Reserve Bank tender. The Bank has supplied New Zealanders with their currency needs since, extending that role to coins in 1989.

You can read more about the history of the Reserve Bank of New Zealand at the following link:

http://www.rbnz.govt.nz/about/whoweare/3699740.pdf
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Public Lecture

To mark the anniversary Howard Davies, Director of the London School of Economics, and formerly Chairman of the UK Financial Services Authority, will deliver a public lecture entitled: "The Financial Crisis - who's to blame? Problems and remedies". Registrations are necessary and seats are limited.

People can register through the Reserve Bank website at the following link:

http://www.rbnz.govt.nz/research/workshops/75thpubliclecture/regform.html

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Museum exhibition

A temporary exhibition marking 75 years of Reserve Bank operations will be open to the public in the Reserve Bank Museum from 3 August 2009.