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.
Another section
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.