Birmingham Corporation Savings Bank:
Report by J P Hilton - May 5th 1919
Mr Hilton's report to the Committee on May 5th 1919 contains a great deal of statistical information, including the fact that at March
31st 1919 the balance due to depositors was £323,123. This amount had only reduced to £307,610 when the Bank closed
. At the end of
the first period of trading of the new permanent bank (March 31st 1920), the balances had increased to £746,984.
of the report provides insight into the way the Bank's original system of deposits, emanating from coupons representing deductions
from wages, had developed. Mr Hilton gives an example of a deposit of £30 cash, but the Bank's system requires £30-worth of coupons
to be fixed to a card - a system that appears pointless, but may have been deemed necessary to balance the amount of coupons 'sold'
to the total value of deposits made.