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South Canterbury Finance : ウィキペディア英語版 | South Canterbury Finance South Canterbury Finance was New Zealand's largest locally owned finance company when it collapsed in August 2010, triggering a $1.6 billion bail-out of investors deposits by the New Zealand Government. ==History== In 1926, South Canterbury Finance Ltd started as a small-time lender to local businesses and households in the south Canterbury town of Timaru. It was then named South Canterbury Loan and Finance and it specialised in small personal loans. Allan Hubbard bought South Canterbury Finance in either the 1950s or in 1960. By 1992, South Canterbury Finance had become New Zealand's 10th largest finance company. In 1992 it was the seventh largest.〔 Hubbard was considered the driving force behind the company's growth as it ultimately became the largest financial institution in the South Island. By the late 2000s, South Canterbury Finance had 35,000 investors and its assets were considered to be worth almost $NZ2 billion. South Canterbury Finance owned 13 companies including fruit packaging and warehousing company Scales Corporation, helicopter and tourism business Helicopters NZ, and a third shareholding in Dairy Holdings Limited, New Zealand's largest dairy farming group.〔 In November 2008, SCF was accepted into the New Zealand Deposit Guarantee Scheme. In June 2010, Allan Hubbard stood down as Chairman of South Canterbury Finance and was replaced by Bill Baylis.
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