It’s hard to believe that it has been over ten years since Head Office moved from the 124 & 130 Phillip Street buildings to Carrington Street. So maybe it’s timely to remember the Tom Bass sculpture that was affixed to the front of the 124 Phillip Street building since its opening in 1963, and was commonly referred to as The Unknown Borrower.
The good news is that this important piece of artwork has survived the demolition of the building, and is now displayed in a courtyard off the foyer of the building Deutsche Bank Place (which now stands on the site).
In case you’ve ever wondered, Tom Bass has said that “the AGC Sculpture is an emblem of the hire purchase system represented by a mechanical corporate tree. The branches of the tree represented the various activities of the AGC group of companies, as it existed then. The two top branches represent the dominant lending arm and the supporting arm is insurance, which is an important feature of every hire purchase transaction.
“These two arms support an automobile wheel – the automobile industry had always been supported by AGC. At the base of the tree there are two powerful protective arms, which could also be seen as roots. They represent the importance of security and stability, which are of vital significance in the hire purchase industry. This emblem represents the hire purchase industry as an essential feature of our industrial commercial society, which would collapse if the hire purchase process did not exist.”
The good news is that this important piece of artwork has survived the demolition of the building, and is now displayed in a courtyard off the foyer of the building Deutsche Bank Place (which now stands on the site).
In case you’ve ever wondered, Tom Bass has said that “the AGC Sculpture is an emblem of the hire purchase system represented by a mechanical corporate tree. The branches of the tree represented the various activities of the AGC group of companies, as it existed then. The two top branches represent the dominant lending arm and the supporting arm is insurance, which is an important feature of every hire purchase transaction.
“These two arms support an automobile wheel – the automobile industry had always been supported by AGC. At the base of the tree there are two powerful protective arms, which could also be seen as roots. They represent the importance of security and stability, which are of vital significance in the hire purchase industry. This emblem represents the hire purchase industry as an essential feature of our industrial commercial society, which would collapse if the hire purchase process did not exist.”
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