Following a Private Act of the British Parliament in 1877, the New Zealand and Australian Land Company was registered in Scotland on 26 October 1877. The purpose of the Company was to acquire property, freehold and leasehold, in New Zealand and Australia. The registered office was originally in Glasgow, later Edinburgh and administrative offices in Dunedin and Sydney. At time of registration the major portion of company’s interests were in New Zealand. By 1929 only two properties remained in New Zealand. Australian acquisitions increased from 1900. In 1968 the company was taken over by Dalgety and Australian New Zealand Loan Limited (Dalgety Australia Limited). In 1969 its domicile moved from Scotland to Australia. From 1970 NZAL in Australia operated, with associated companies, as a subsidiary of Dalgety Australia Limited. From 1970 Dalgety New Zealand Limited owned the two remaining New Zealand properties. |
