A History of Banks for Savings in Great Britain and IrelandLewins, William
History
A History of Banks for Savings in Great Britain and Ireland
Lewins, William
Postal savings banks -- Great Britain; Savings banks -- Great Britain
2,469 are in England and Wales,
525 are in Ireland, and
375 are in Scotland.
There is now a Government Savings Bank not only in every town in the
United Kingdom, but in every large village;[177] and over and above
this already ubiquitous and comprehensive arrangement, the large towns
of the country have each a number of new depositories for savings
proportionate to their size and population. Thus, in the metropolis,
at the present moment of writing (April, 1866), there have been
provided the extraordinary number of 452 Post Office Banks; in
Manchester, there are 26; in Liverpool, 25; in Birmingham, 22; in
Edinburgh, 18; in Glasgow, 18; in Dublin, 15.
In the three months of 1861 during which the 1,600 banks were in
operation for portions of the period, 25,729 persons opened accounts
with them, and deposited money to the extent of 167,530_l._ in
deposits of the average amount of 3_l._ 11_s._ 10_d._ At the end of
the next year (1862) 180,199 persons had opened accounts in these
banks, depositing 1,947,139_l._, and withdrawing less than a quarter
of that sum. Year by year, up to the present time, as appears by the
accompanying table, the increase of deposits, and the increasing
number of new accounts, are far more than proportionate to the
increase of facilities; and, as showing the firmer hold that these
banks have taken on the community, this fact is most satisfactory and
gratifying. Equally so, and a most convincing proof of their success,
is the account of the total amount of business shown to have been
transacted up to the 31st of December last. Up to that date these
banks have received from no less than 857,701 depositors, in 3,895,135
deposits, a sum of money amounting to 11,834,896_l._;[178] the
withdrawals during the same period of four years numbering 1,011,379,
and amounting to 5,619,251_l._ There were in December last, 611,819
open accounts, the amount standing to the credit of these accounts
being 6,526,400_l._
TABLE showing the Amount and Nature of the Business done in the POST
OFFICE SAVINGS BANKS from their opening in September, 1861, to
December, 1865.
Table column headings:
Col. A: Date.
Col. B: Number of Deposits.
Col. C: Amount of Deposits.
Col. D: Average amount of each Deposit during the period.
Col. E: Number of Withdrawals.
Col. F: Amount of Withdrawal.
Col. G: Average amount standing to the credit of each Account.
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