Jim Anderton revealed in his valedictory speech that after spending three hours trying to convince then Finance Minister Michael Cullen, Annette King told Cullen 'Michael, Jim's beaten back every argument against the bank we've ever put up. For God's sake, give him the bloody bank.'
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This electorate existed from 1946 to 1993 (after which it was replaced by the new Dunedin South electorate), and was represented in turn by Fred Jones (Labour, 1946-1951), Sir James Barnes (National, 1951-1957), Bill Fraser, (Labour, 1957-1981), and Michael Cullen (Labour, 1981-1993).