BNZ Façade

Do not bother crossing the road for this one - in fact, you can only fully appreciate the true awfulness of this travesty from the eastern side of Queen Street. It confirms American historian Mike Wallaces warning that calling façadism preservation is like saying that you can preserve polar bears as rugs. The best that can be said of this pointless perversion is that it is not nearly as silly looking as the Queens Head Tavern, up past the Town Hall — that really is the heritage equivalent of tossing a severed horses head into your enemys bed.

We stand cringing opposite the unburied corpse of this bank for two reasons: the centrality of the Bank of New Zealand to our early business history and the importance of this site. The bank opened in leased premises in 1861, four years before the directors miffed local architects by commissioning Australian Leonard Terry to design this unusual palazzo (upper stories) cum-Greek Revival (lower) composition in Tasmanian sandstone. Construction began in 1866. The bank extended the building northwards by adding two bays in 1882, going to the extent of reopening the Tasmanian quarry that had supplied the original stone and preserving the symmetry by moving the doorway. Architectural historians still rate that severed façade highly.

Lawyer, financier, one-time politician and speculator Thomas Russell was the driving force behind the BNZ. He was as important to Auckland as the more ostentatiously philanthropic John Logan Campbell, whom the city now prefers to remember. The bank went bust during the 1890s but was bailed out by the government and run from Wellington while publicly owned. Russell, described tactfully by Auckland historian Russell Stone as a man who never lacked enemies, probably would have relished the property and sharemarket boom of the 1980s that produced tiresome towers such as the one behind Terrys façade.