Mr. DUNDAS WHITEasked the Chancellor of the Exchequer what are the names of the banks, other than the Bank 288W of England, which are authorised to issue bank notes in England and Wales, and, as regards each such bank, what was the permissible amount of its fiduciary issue; and what was the actual amount of its fiduciary issue on the average of the last week of July, 1914?
§ Mr. LLOYD GEORGEThe reply is as follows:—
ENGLISH BANKS. Private Banks. — Authorised fiduciary circulation. Actual average amount during week ending 1st August. £ £ Banbury Bank 43,457 2,516 Bedford Bank 34,218 6,780 Bicester and Oxfordshire Bank 27,090 6,944 Leeds Old Bank 130,757 17,847 Naval Bank 27,321 1,060 Oxfordshire Witney Bank 11,852 2,815 Wellington Somer set Bank 6,528 1,327 York and East Riding Bank 53,392 19,713
Joint Stock Banks. — Authorised fiduciary circulation. Actual average amount during week ending 1st August. £ £ Bank of Whitehaven, Limited 32,681 6,515 Halifax Commercial Banking Company, Limited 13,733 2,065 Nottingham and Nottinghamshire Banking Company, Limited 29,477 7,486 West Yorkshire Bank, Limited 18,534 2,136
Mr. DUNDAS WHITEasked the Chancellor of the Exchequer the names of the Scottish banks which are authorised, under the Bank Notes (Scotland) Act, 1854, to issue bank notes in Scotland, and as regards each, what was the permissible amount of its fiduciary issue, what was the actual amount of its fiduciary issue, and what was the actual amount of its issue against coin held by it on the average of the last four weeks of July, 1914?
289W
§ Mr. LLOYD GEORGEI am unable to supply the hon. Member with the information for the particular period he names, inasmuch as the statutory returns do not provide it for that period. For the four weeks ending 18th July, 1914, the figures were as follows:—
Names of the Banks of Issue in Scotland. permissible and actual amount of the fiduciary circulation. Actual amount of circulation against coin held, on the average of the four weeks ending as above. £ £ Bank of Scotland 396,852 915,348 Royal Bank of Scot land 216,451 879,063 British Linen Company 438,024 441,400 Commercial Bank of Scotland, Limited 374,880 719,787 National Bank of Scotland, Limited 297,024 612,428 Union Bank of Scot-land, Limited 454,346 568,449 North of Scotland and Town and Country Bank, Limited 224,452 598,676 Clydesdale Bank, Limited 274,321 578,617