HC Deb 06 December 1983 vol 50 cc93-4W
Mr. Michael Forsyth

asked the Chancellor of the Exchequer if he will list the organisations and individuals to which section 18 of the Bank Notes (Scotland) Act 1845 applies.

Mr. Ian Stewart

[pursuant to his reply, 29 November 1983, c. 464]: The information is as follows:

Banks issuing under the 1845 Act Authorised Issues £
Bank of Scotland 300,485
The Royal Bank of Scotland 183,000
British Linen Bank 438,024
Dundee Banking Co. 33,451
Perth Banking Co. 38,656
Banking Co. of Aberdeen 88,467
Commercial Bank of Scotland 374,880
National Bank of Scotland 297,024
Town and Country Bank 70,133
Union Bank of Scotland 327,223
Ayrshire Banking Co. 53,656
Western Bank of Scotland 284,282
Central Bank of Scotland 42,933
North of Scotland Bank 154,319
Clydesdale Bank 104,028
Caledonian Banking Co. 53,434
Eastern Bank of Scotland 33,636
City of Glasgow Bank 72,921
Edinburgh and Glasgow Bank 136,657
Total 3,087,209

Mr. Michael Forsyth

asked the Chancellor of the Exchequer if he will list the bank mergers that have taken place since 1953 to which the provisions of section 4 of the Bank Notes (Scotland) Act 1845 applied, the dates on which the merger became effective and the certified amounts of issued bank notes determined under the said section.

Mr. Ian Stewart

[pursuant to his reply, 29 November 1983, c. 464]: Five mergers between Scottish banks have taken place since 1950, to which section 4 of the Bank Notes (Scotland) Act 1845 applied. Details of these are as follows:

Mr. Ian Stewart

[pursuant to his reply, 2 December 1983, c. 644–645]: Section 18 applies to any person issuing notes in Scotland for less than £5, except the banks now certified under section 4 of the Act. There are no longer any banks deriving their authority to issue from section 1.

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