On December 1, 1903, with the help of Arthur, New Zealand received a loan of two million pounds from Australia to rebuild the economy and various infrastructures after the disaster.
To demonstrate the good relationship between Australia and New Zealand, the loan was interest-free with a repayment date set for twenty years later.
The news was widely publicized in New Zealand newspapers, promoting the prosperous relations between Australia and New Zealand.
Indeed, due to this huge amount of funds, New Zealand's rebuilding work progressed smoothly, with towns and pastoral areas systematically reconstructed.
On December 3, Arthur designated November 8th, the day the typhoon had made landfall in New Zealand, as the annual Disaster Memorial Day and established a Disaster Memorial Monument at Opunaki, the first point of the typhoon's arrival.
