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Financials
Birmingham Corporation Savings Bank:
Financial Summary
&
Statistics
The Birmingham Corporation Savings Bank traded from September 29th 1916 to October 31st 1919. In three periods of trading, total losses of 6,751 - 4s - 7d were accumulated as follows:
 September 29th, 1916 - September 30th, 1917
 1,893 - 0 - 6 
 October 1st, 1917 - September 30th, 1918
 1,873 - 18 - 6 
 October 1st, 1918 -  October 31st, 1919
 2,984 - 5 - 7 
 
 6,751 - 4 - 7 
In addition to the trading loss, a sum of 397 - 19s - 4d was incurred in the expenses of the Liquidators, creating a total deficit of 7,149 - 3s - 11d. This sum was reimbursed to the City Council by the Birmingham Municipal Bank. The following table summarises how the deficit was incurred:
 
1917
1918
1919
TOTAL
 
Interest on Investments 2,907 7,525 6,014 16,446
Bankers' Interest 60 645 4,213 4,918
Sale of Rules 9 4 4 17
Superannuation Scheme, 1909 21 9 24 54
Sale of Waste Paper, etc 10 10
Sundry Receipts 12 12
2,997 8,193 10,267 21,457
Salaries and Wages of Staff 1,446 2,121 2,476 6,043
Printing, Stationery and Advertising 598 353 282 1,233
Postages 241 189 124 554
Miscellaneous Expenses 426 527 340 1,293
National Insurance Act, 1911 8 11 7 26
Audit Fee 147 284 431
Travelling Expenses 41 41
Heating, Lighting and Cleaning 63 63
Branch Bank Expenses 168 168
Bank Charges 10 10
Furniture & Equipment 384 102 61 547
Interest allowed to Depositors 1,787 6,617 9,395 17,799
 
4,890 10,067 13,251 28,208
Excess of Expenditure over Income (1,893) (1,874) (2,984) (6,751)
STATISTICS: little information exists regarding the volumes of business conducted by the Corporation Savings Bank. The following table covers the period from October 1st 1916 to December 1917, and shows:
      CASH TRANSACTIONS
Cash Receipts - amount received from the sale of Coupons, plus cash deposits;
Amount Invested - amount paid over to the National Debt Commissioners in accordance with the requirement that 90% of funds be invested with the Government;
    COUPON ACCOUNT
Number and Value of Coupons deposited to and withdrawn from Savings Accounts.
COUPON ACCOUNT
 
Cash
Amount
DEPOSITS WITHDRAWALS
Month
Receipts
Invested
Number of
 
Number of
1916
Transactions
Transactions
October 3,274 0 270 376 2 0
November 8,970 10,900 2,097 3,547 31 17
December 11,424 9,000 5,739 8,398 467 427
1917
January 11,127 10,000 6,341 9,908 505 616
February 18,299 16,000 8,431 14,426 529 780
March 23,566 21,000 12,997 20,369 965 1,529
April 14,755 13,000 7,572 12,622 1,028 1,919
May 16,413 14,000 9,071 15,129 1,408 2,653
June 20,058 15,000 9,791 15,470 1,771 3,993
July 14,025 10,000 9,233 14,665 2,019 4,884
August 10,846 4,000 6,460 10,676 2,928 7,240
September 21,665 13,000 10,527 19,216 1,802 4,381
October 16,583 14,000 8,563 15,944 1,450 3,682
November 18,491 17,000 8,719 17,209 1,626 4,137
December 18,995 6,000 10,316 18,250 3,685 9,244
228,491 172,900 116,127 196,205 20,216 45,502
 
Birmingham Corporation
Savings Bank