Receivership
Old Mr Hubbard - "Deary me, Rover, the cupboard's (nearly) bare."
Date: 31 August 2010
From: Body, Guy Keverne, 1967-:Original cartoons. 1986-2011
Reference: A-453-371
Description: The cartoon is entitled 'Old Mr Hubbard -' and depicts financier Alan Hubbard with his dog looking into a cupboard that is (nearly) bare. In fact what is in the cupboard is an image of an 'Emergency taxpayer' with an instruction to 'Break glass' and 'shake well'. Context; financier Allan Hubbard and his wife were personally placed in statutory management on June 20 this year, and South Canterbury Finance was placed in receivership. Hubbard is the majority shareholder in the company. Inscriptions: Recto - centre right - MONDAY CARTOON - 3108BODYCARTOON Pls send to MediaGrid [in pencil] Quantity: 1 original cartoon(s). Physical Description: Ink and felt-tip pen on paper, 230 x 340 mm
Lodge, Nevile Sidney 1918-1989 :"Afraid I can't stop to talk, but you might like to dis...
Date: 1986
From: Lodge, Nevile Sidney 1918-1989 :[Archive of original cartoons for the Evening Post and Sports Post, 1941 to 1988]
Reference: B-136-561
Description: Three workers arrive at the boss's door to demand a pay rise. The boss tells them that he cannot stay to talk but that they might like to discuss terms with the receiver who is sitting at the boss's desk. Refers to an organisation going into receivership as workers ask for a pay increase. Quantity: 1 original cartoon(s). Physical Description: Ink, crayon and letratone on paper. 340 x 390 mm
Nisbet, Alastair, 1958- :'Land seems ok... Not sure about the structure!' 8 February 2013
Date: 2013
From: Nisbet, Alastair, 1958- :Digital cartoons
By: Press (Christchurch, N.Z.)
Reference: DCDL-0024000
Description: Shows the Mainzeal logo fractured and with an earthquake red sticker, with the comment 'Land seems ok... Not sure about the structure!'. Refers to the announcement on 6 February that Mainzeal, one of New Zealand's largest construction companies actively involved in the Christchurch, rebuild had been placed in receivership. Quantity: 1 digital cartoon(s).
Doyle, Martin, 1956- :[Down the drainzeal] 7 February 2013
Date: 2013
From: Doyle, Martin Maurice Michael Thomas, 1956- :Digital cartoons
By: Scoop (Firm)
Reference: DCDL-0023982
Description: Commentary from the artist: 'With Mainzeal going into receivership, 400 more workers lose their jobs. I notice this bombshell has barely been reported on TV [on Waitangi Day] and mainstream media.' The financial collapse in February of Mainzeal, one of the largest building and contacting firms in New Zealand, had serious implications for employment and major projects such as the Christchurch Rebuild, with which the firm was involved. Quantity: 1 digital cartoon(s).
Scott, Thomas, 1947- :"Tonight I go behind the scenes and ask myself tough questions. D...
Date: 2013
From: Scott, Thomas, 1947- :[Digital cartoons published in the Dominion Post]
By: Dominion post (Newspaper)
Reference: DCDL-0025220
Description: Cartoon shows television current affairs presenter, John Campbell, host of TV3's Campbell Live, sitting on the logo of TV3, which is sinking into the water. Refers to the receivership of MediaWorks, the owner of TV3, FOUR, and numerous radio stations. As of 17 June 2013, MediaWorks held approximately $700 million in debt. Campbell is known for his hard-hitting questions. (17 June 2013, 3News.) Quantity: 1 digital cartoon(s).
"Mr Hubbard, on reflection, do you think SFC [sic SCF] could have modernised it's accou...
Date: 2010
From: Scott, Thomas, 1947- :[Digital cartoons published in the Dominion Post]
Reference: DCDL-0015492
Description: An official involved in placing financier Allan Hubbard and his wife in statutory management, raises the mattress on their bed, and on seeing the heaps of banknotes underneath, wonders whether Mr Hubbard thinks that the SCF 'could have modernised its accounting and banking procedures'. Alan Hubbard in some irritation points out that the mattress is almost new. Refers to the news that Allan Hubbard and his wife were personally placed in statutory management on June 20 this year, and that South Canterbury Finance is to be placed in receivership. Hubbard is the majority shareholder in the company. Quantity: 1 digital cartoon(s).
Kawarau falls. 28 May 2009
Date: 2009
From: Winter, Mark, 1958- : Digital cartoons published in the Southland Times and other papers
Reference: DCDL-0011357
Description: Shows the words 'Kawarau Falls' printed across the cartoon with the letters of the word 'Falls' falling. Means that two companies associated with Queenstown's billion dollar Kawarau Falls development are in receivership. Quantity: 1 digital cartoon(s).
[Michael Stiassny] September 2010
Date: 2010
From: Crichton, Anna, 1957- :Digital cartoons
Reference: DCDL-0015583
Description: The cartoon shows a caricature of lawyer Michael Stiassny as a bull which Is surrounded by broken glasses and bottles and dying roses. The bull has a rose draped over one horn and a towel on which is printed the name 'Westin'. Michael Stiassny is a senior partner in this leading NZ specialist independent corporate advisory and turnaround firm (read receivers) since 1990. KordaMentha have issued a release saying they have been appointed as receivers for Lighter Quay Management - the company which runs the Westin Hotel complex. Since opening in 2007 to much acclaim, the Westin Hotel has remained popular with locals as well as other domestic and international guests. It is fully booked for the Rugby World Cup next year. Published in the Business Herald Quantity: 1 digital cartoon(s).
'Lake Belly Up'. "Spoilt for choice." 17 July, 2008
Date: 2008
From: Brockie, Robert Ellison, 1932- :Digital caricatures and cartoons
Reference: DCDL-0007090
Description: Shows a 'receiver' standing on the edge of a lake holding a huge net and grinning with delight as he realises how he is spoilt for choice because of all the large fish that are gasping in the shallows. The fish represent the many finance institutions that have collapsed over the last year or so. The include 'Provincial Finance', 'Lombard', 'Bridgecorp', 'Capital Merchant', 'Bluechip' etc. Quantity: 1 digital image(s).
"Oh no!!! Look at the carpet! What a mess!" "Blighters! You'd think they'd clean their ...
Date: 2006
From: Tremain, Garrick, 1941- :[Digital cartoons published in the Otago Daily Times]
Reference: DCDL-0002333
Description: The cartoon has four frames. In the first three, three people exclaim about the mess on the carpet and wonder who could make such a mess. In the last frame we see that the floor they are so concerned about belongs to Feltex, the carpet manufacturers, who have just been taken into receivership, a process that lasted for weeks as the company vainly tried various rescue measures. Quantity: 1 digital cartoon(s).
"Bad news, sir, iconic Kiwi clothing company, Lane Walker Rudkin is going into receiver...
Date: 2009
From: Scott, Thomas, 1947- :[Digital cartoons published in the Dominion Post]
Reference: DCDL-0011054
Description: An adviser tells Prime Minister, John Key, that the iconic clothing company 'Lane Walker Rudkin' is going into receivership. The PM comments that the recession is getting scary and hopes that he can get a new pair of daks before the company closes. Refers to the effects of the recession on New Zealand businesses and comments that the government seems unconcerned. Quantity: 1 digital cartoon(s).
South Canterbury Finance. Saturation News. Pakistan floods slowly recede. "Lucky them.....
Date: 2010
From: Hubbard, James, 1949-: Digital caricatures and cartoons
Reference: DCDL-0015500
Description: A kiwi sitting in an armchair reading a newspaper with a headline 'Pakistan floods slowly recede' thinks 'lucky them' as the armchair floats gently in the floods from the 'Saturation news' of 'South Canterbury Finance'. Refers to the government's bail-out of the South Canterbury Finance Company so that investors would not lose money, after the company was taken into into receivership. Quantity: 1 digital cartoon(s).
Old Mr Hubbard - "Deary me, Rover, the cupboard's (nearly) bare." 31 August 2010
Date: 2010
From: Body, Guy Keverne, 1967-: Digital cartoons published in New Zealand Herald
Reference: DCDL-0016336
Description: The cartoon is entitled 'Old Mr Hubbard -' and depicts financier Alan Hubbard with his dog looking into a cupboard that is (nearly) bare. In fact what is in the cupboard is an image of an 'Emergency taxpayer' with an instruction to 'Break glass' and 'shake well'. Context; financier Allan Hubbard and his wife were personally placed in statutory management on June 20 this year, and South Canterbury Finance was placed in receivership. Hubbard is the majority shareholder in the company. Quantity: 1 digital cartoon(s).
South Canterbury Finance. Govt. Guarantee. 1 September 2010
Date: 2010
From: Hawkey, Allan Charles, 1941- :[Digital cartoons published in the Waikato Times].
Reference: DCDL-0015515
Description: A liner named 'South Canterbury Finance' is slowly sinking into the sea. Two lifeboats named 'Govt' and 'Guarantee' row away from the liner full of rescued passengers. Refers to the government's bail-out of the South Canterbury Finance Company so that investors would not lose money, after the company went into receivership. Quantity: 1 digital cartoon(s).
"It looks like the government may have to bail out this finance company." "BLAST! This ...
Date: 2010
From: Fletcher, David, 1952- :Digital cartoons
Reference: DCDL-0015460
Description: 'The Politician' cartoon strip. An assistant tells the minister as he hands him a document, that the government may have to bail out this finance company and the minister is dismayed because he had hoped that the company could bail out the government. Refers to The government's decision not to support a recapitalisation plan for South Canterbury Finance. It seems that receivership was the cleanest, simplest and ultimately safest option for both taxpayers and investors. The government now has to pay out around NZ$1.6 billion to 35,000 depositers in South Canterbury Finance who were covered under the extended guarantee scheme. The government is now in control and the Serious Fraud Office will extend and deepen its investigation of Allan Hubbard's affairs. Quantity: 1 digital cartoon(s).
"There's the problem... It wasn't well rooted!" Toxic Loans. SCF. "Well... the sharehol...
Date: 2010
From: Nisbet, Alastair, 1958- :Digital cartoons
Reference: DCDL-0015496
Description: A large tree representing 'SCF' (South Canterbury Finance) has fallen onto a house, exposing piles of 'toxic loans' beneath its roots and trapping a number of people. An official points at the 'toxic loans' and says that they are the problem as they were not well rooted. Another man comments that 'the shareholders are!' Refers to the news that South Canterbury Finance is to be placed in receivership and investers will be compensated by the taxpayer. Allan Hubbard, the majority shareholder in the company, and his wife were personally placed in statutory management on June 20 this year. Quantity: 1 digital cartoon(s).
[Collapse of the South Canterbury Finance Company] 4 September 2010
Date: 2010
From: Mulheron, Michael, 1958-: Digital cartoons published in the Dominion Post
Reference: DCDL-0015525
Description: Commerce Minister, Simon Power slams the stable door shut but the horse has already fled and banknotes flutter to the ground in its wake. Refers to the collapse of the South Canterbury Finance Company, of which Allan Hubbard is the major shareholder. The company has been taken into receivership by the government which ensures that all 30,000 fortunate high-risk investors will be paid out $1.6b thanks to the taxpayer. Quantity: 1 digital cartoon(s).
Lodge, Nevile Sidney, 1918-1989 :"I think the receivers have taken over the firm!" "Wel...
Date: 1988
From: Lodge, Nevile Sidney 1918-1989 :[Archive of original cartoons for the Evening Post and Sports Post, 1941 to 1988]
By: Evening Post (Wellington, N.Z.); Lodge, Nevile Sidney, 1918-1989
Reference: B-136-863
Description: Two workmen watch as a group of grim-looking businessmen march into the site office. One of them says that he thinks the receivers are taking over the firm and the other, misunderstanding, replies that he hopes the cops get them as his brother got 18 months for receiving just a stereo. Refers to hard economic times when firms such as this one went into receivership. There is a suggestion that the firm is being 'stolen'. Quantity: 1 original cartoon(s). Physical Description: Ink, crayon and letratone on paper, 320 x 485 mm Finding Aids: Photocopies available in Pictorial Reference Service.
Old Mother Hubbard... 31 August
Date: 2010
From: Hubbard, James, 1949-: Digital caricatures and cartoons
Reference: DCDL-0015498
Description: The cartoon shows financier Allan Hubbard as 'Old Mother Hubbard' - the nursery rhyme is changed to reflect Allan Hubbard's story that she 'went to the cupboard, to get her poor dog a bonus.....' but 'when she got there, the cupboard was spare, and so the poor dog got... a tin of dog food, past it's sell by date...' led with empty cans and packets, the dog represents 'S.I. Rural Economy' and the unsavoury food in the dog's 'receivership' bowl comes from a 'Sth Canterbury Finance' can. Beside cartoonist Jim Hubbard's usual signature is a note reading (No relation) because he has the same name as Allan Hubbard. A second version has the initials 'SCF' and the lion rampant logo on Old Mother Hubbard's pinafore. Refers to the news that South Canterbury Finance is to be placed in receivership and investers will be compensated by the taxpayer. Allan Hubbard, the majority shareholder in the company, and his wife were personally placed in statutory management on June 20 this year. Allan Hubbard's business practices are being investigated. Quantity: 2 digital cartoon(s).