The E.S.& A. Bank: Banking on a port town

Nicole Harris • July 18, 2026

Hidden Stories - 139 Nelson Place, Williamstown

Williamstown branch opened: c.1854

Purpose-built branch completed: 1872/73.


The English, Scottish and Australian Chartered Bank (E.S. & A.) was incorporated in December 1852 by Royal Charter of Queen Victoria, with its head office established in London to facilitate trade with Australia, particularly in response to the gold discoveries in Victoria.


The bank expanded rapidly during the gold rush era, when reliable banking services were urgently needed across the colony. Williamstown, as one of Victoria’s principal maritime gateways, was a logical and important location for an early branch. The Williamstown branch opened around 1854, initially operating from Thompson Street under the management of Frederick Augustus Stratford.


By the early 1870s, Williamstown had become a prosperous port town, and the E.S. & A. commissioned a purpose-built branch at 139 Nelson Place. Designed by Leonard Terry and constructed by W. Porter between 1872 and 1873, the building was the second E.S. & A. bank constructed outside Melbourne and the first major purpose-built bank branch in Williamstown.

The new premises reflected the growing wealth and importance of the town. It provided banking facilities for merchants, ship owners, wool exporters and local businesses, while also incorporating residential quarters for the bank manager, a common arrangement in nineteenth-century banking practice.


During the 1890s depression, the E.S. & A. Bank, like many financial institutions, faced significant financial strain. In 1893, the Australian operation appealed to the London Directorate for assistance of £500,000, but the request was refused. Rumours of suspension circulated, and a petition for the compulsory winding up of the bank was presented to Mr Justice A’Beckett, resulting in the appointment of provisional liquidators. The crisis caused concern throughout Australia. Directors of the bank, including Sir George Verdon, worked toward the bank’s reconstruction. In Williamstown, the suspension created practical difficulties for account holders such as the Williamstown Council, which was temporarily unable to pay employee wages.

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    E. S. & A. Bank viewed from Gem Pier, Williamstown, c. 1899.

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The bank survived the crisis and later strengthened its position through expansion, including the absorption of the London Bank of Australia in 1921 and the Commercial Bank of Tasmania. These developments reinforced the E.S. & A.’s standing as a major Australian banking institution.


The E.S. & A. remained at 139 Nelson Place until 1937, when a downturn in trade prompted the closure of the Williamstown branch. The freehold property was sold in 1943 and converted into St Nicholas’s Mission to Seamen’s Church.


During its approximately seventy years as a bank building, 139 Nelson Place played a central role in the financial life of Williamstown and the maritime economy of Hobsons Bay. The E.S. & A. Bank itself continued operations in until 1970, when it merged with the Australia and New Zealand Bank to form the Australian and New Zealand Banking Group (ANZ).


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On July 10, 1860, the Williamstown Mechanics Institute was opened with an extensive soiree. With the institute’s opening, it was also decided to create a public library associated with the institute, in the hope that the institute could take advantage of the government grant for free libraries. [1] Later that year, in October, it was announced that 200 volumes had been added to the library in the last six months, bringing the total number of volumes to 940. Furthermore, upwards of 1000 books had been issued to users in the library’s first half-year of being opened. [2] Reports from later that decade continued to outline the extensive additions to the library, including “the writing of our most celebrated Philosophers, Statemen, and Travellers.” The committee sought not to only add to the library works of fiction, but also “those works which have a direct tendency to instruct and elevate the minds of readers.” In April 1867, it was reported that 1,932 books had been issued in the past six months, revealing the steady rise in popularity of the library. [3] By May 1869, £2500 had been spent on the Mechanics Institute building, and the library’s total number of books had reached 2,532. Ability to loan books from the Melbourne Library meant that members could choose from 4,000 books in total. It was also at this time that a “most comfortable and attractive” reading room was opened, which hosted a fireplace and “the most popular newspapers and magazines of the time.” [4] Later that year, in October, an auction was held to get rid of damaged books. The proceeds of the auction were to be for the purchase of new books, thus “maintain[ing] the high standard of excellence which [the] Library has attained,” and providing library members with “works of the great writers of the day”, including those in disciplines such as theology, science, arts, history, biography, travels, poetry, and fiction. With satisfaction, the committee also noted that attendance of the reading room had increased considerably. [5] In April 1870, the committee announced that they had continued to make valuable additions to the library, displaying “great discrimination in choosing only such as will tend the elevate the taste of the readers.” Books added included Henry Fawcett’s Manual of Political Economy, Napoleon’s Julius Caesar, Charles Dickens’ Our Mutual Friend, and Alfred Tennyson’s Holy Grail, among many others. [6] By April 1871, the library’s total number of books had now reached 2,467. The Reading Room continued to be well-attended, including by seamen who frequent the Williamstown piers, who were allowed free admission. [7] In July 1873, a report from the annual meeting of the Victorian Seamen’s Mission announced that 30,000 to 35,000 seamen visited Victoria each year, revealing the importance of the free reading room at Williamstown. [8] According to a report from October 1874, in the past six months the committee had added compilations of Dickens, Thackeray, and Scott. 109 volumes had also been rebound, thus leaving the library in a more satisfactory state regarding both the number of volumes and their condition.[9] In October 1877, it was noted that there had been an increase in attendance of the reading room by officers, apprentices, and seamen. Shipping firms had promised subscriptions to the funding of the institute for their seamen. The President of the institute believed that the free reading room would provide “comfort and improvement of the seamen in their employ, thereby checking the abominable vice of drunkenness that prevails among sailors when they are left to their own resources.”[10] In April 1879, the library increased its opening hours.[11] Later that year, the front room of the library was fitted for public convenience, and the public were allowed free access to the library.[12] In November 1879, the institute changed its name to “The Williamstown Mechanics’ Institute and Free Library,” which had been necessary to enable the library to receive government funding.[13] By April 1886, over 4,250 volumes were now in the library. Various clubs and societies had also begun to use rooms in the library, including the Amalgamated Society of Engineers, the Williamstown Shipwright’s Society, the Williamstown Horticultural Society, the Williamstown Eight Hours Society, and more. The library had also received a donation of twenty images from the Melbourne Public Library, which were to be framed and hung around the institute.[14] In April 1886, an editorial in the Williamstown Chronicle written by representatives of the institute criticised the lack of library subscribers, particularly among the youth, who appeared to be more interested in sports rather than mental cultivation. The writer lamented that they cannot see how a couple of hours spent at our Mechanics’ Institute – or other kindred establishment of a night – would at all lessen a young man’s prowess in the sports arena, and, when the more serious duties of life come to be entered on, the knowledge thus acquired would be of infinitely more service to him…[15] In April 1888, at the institute’s AGM, it was suggested that there should be more attention given to accommodation in the reading room, which would “induce youths to cultivate literary knowledge instead of congregating at corners and walking about the streets.” [16] The library was thus seen as of vital importance in educating Williamstown’ youth. I n October 1891, another letter to the editor of the Chronicle urged the social and individual importance of the library: Can you explain how it is that the bulk of Williamstown people fail to appreciate the local institute and free library to the extent it deserves? Maybe it is that they really do not fully understand the intellectual feasts that are daily offered for their acceptance… The existence of the institution wholly depends upon the support of the public, and surely every intelligent member of our community must feel that such an institution is beneficial and elevating in character, and an advantage to the town.[17] In January 1899, the library had nearly 5000 volumes and was considered “one of the best in the suburbs.”[18] In January 1903, the institute’s committee entered into an agreement with the town council to municipalise some parts of the institute, while keeping the library and reading room under the control of a joint committee of council members and representatives of the institute. The agreement was on the condition that the council erect a new hall for the institute capable of seating 300 people.[19] By May 1909, the library had continued to expand, housing 5456 books on its shelves, with a total of 234 chairs inside the institute.[20] . November 1925 saw renovations for the institute: the flooring of the stage was renewed, the public reading room was furnished with new periodicals, and framed photographs of Australasian scenic spots were hung on the walls.[21] By January 1927, the library was composed of more than 9,000 books, periodicals, and magazines.[22] A report from May 1928 announced that the library now catered for 500 families, which was a higher percentage of the population than any other suburban library. It was also noted that for the past years, the library had not received any government grants but had rather been supported entirely by member subscriptions, and “those desirous to read”.[23] In August that year, a junior section was added to the library.[24] In July 1929, there was a motion that the committee confer with the Williamstown City Council in order to obtain a grant for the purchase of educational literature. With a grant of £350 a year, the committee said they would provide educational literature, a free children’s library, and a free reading room that included papers and magazines. The agreement would be under the control of a joint committee of the council and representatives of the institute.[25] In September that year, the institute sent a letter to the council, stating that they were not prepared to accept the offer to take over the assets and liabilities of the institute upon terms which they felt meant the municipalisation of the institute. The committee renewed its application for a grant, and representatives argued that the institute had done a lot for the educational needs of the municipality, thus meriting council support. Ultimately, the establishment of a children’s library and free library would benefit all.[26] The next month, the Mayor moved that £100 be spent on the institute, and in November the council asked the institute to indicate how they would spend the money. The institute’s committee responded that they would establish a free children’s library with 800 books. Twenty-four women had also volunteered to help get the library going. It was hoped the children’s library would be finished for Christmas.[27]
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