On a Copy of the Rules being transmitted, the following Circular* is sent by the Commissioners for the reduction of the National Debt, to the Trustees of each Savings Bank. "GENTLEMEN, "National Debt Office. "The Act of 9th Geo. IV., cap. 92, having directed "the Rules of several Savings' Banks to be submitted to a "barrister at law, to be appointed by the commissioners for "the reduction of the national debt, in order to ascertain "whether the same are in conformity to the provisions "of the said Act, I have to acquaint you, that the com"missioners have appointed John Tidd Pratt, Esq., No. 4, "Elm-court, Temple, London, for that purposet. "All communications with the said barrister are to be "made direct to him, addressed as above. "After the Rules shall have been certified by the barris❝ter, a transcript of the same, together with his certificate, "must be deposited with the clerk of the peace to be laid "before the justices at the general or quarter-sessions; and 66 upon the Rules being confirmed, a copy thereof (tran"scribed on parchment) is to be transmitted to this office "under the hands of two trustees or managers‡, who are "to state in such certificate that the Rules have been "confirmed, as required by law. "I enclose the forms which the commissioners have "directed to be used for the purposes of the said Act. "I am, &c., "S. HIGHAM, Secretary." "Note.-It is particularly requested that the copy in"tended for this office be transcribed on parchment, cut "to the size of this paper." Referred to at p. 39, and other parts of the Work. + See p. 106. Vide, supra, p. 152. These forms are transmitted to each Society, when the Rules are sent to the National Debt Office. M In the Year ending 20th Nov. 1829. 162 The following is the Account required to be The Year ending This Form of the GENERAL STATEMENT of the Funds of the Savings' Six Weeks after the 20th November, 1829, Drs. The Trustees of the Savings' Bank established at Lancaster, Crs. per last Return . To Sums received of Depositors with- To Interest on Mo- Rect. B., dated the ext, May, ed 2be} Rect. B., dated the £. s. d. By Sums actually paid' to Depositors in Money, including Interest, within the Year ending 20th Nov. 1829 By Sums actually paid for Management within the said Year; viz. Salaries Rent and Taxes Printing and Stationery. ad} Bank Commission and Postage. Paid Mr. W. S., by order of a General Meeting of Managers, towards the purchase of an Office for the Bank, being the amount retained on the 20th of November, 1828, Miscellaneous Expenses £.42,285 15 2 £42,285 15 2 The Rate of Annual Interest allowed to the Depositors is £.3 8s. 5d. per Cent, State the Names of the Treasurer and Officers who have given Security. 163 returned Annually to the National Debt Office. 20th November, 1829. Bank is to be filled up and produced at the National Debt Office, within pursuant to 9th Geo. IV., cap. 92, sec. 46, p. 130. The aforegoing Account is to be accompanied by the following Statement. We do hereby certify to the Commissioners for the Reduction of the National Debt, that the aforegoing is a true Account, and that the above actual Amount of Surplus Fund, or increased Stock of the said Savings' Bank, is to be discharged from our General Account, and carried to the Separate Surplus Fund Account, belonging to the said Bank, for the future purposes of the Institution, pursuant to 9th Geo. IV., cap. 92, sec. 23. Witness our Hands this Twelfth Day of December, 1829. B. S. A Trustee and a Manager of the said Savings' Bank. Witness, R. B., Secretary. The following advertisement was issued by the Bank at Lancaster. The Lancaster Bank for Savings was established principally to receive the savings of servants, mechanics, &c., and children. It is open every Saturday afternoon, at between the hours of four and five o'clock; when any one may examine the Rules of the institution, a copy of which is left there for that purpose. The money received is immediately placed in government securities, so that no doubt can be entertained of its safety. The smallest sum which the bank receives is one shilling; and when the deposits amount to 15s., a halfpenny per month is allowed for interest. Those who have money in the bank may take it out whenever they wish, by application at the time and place above mentioned. From small beginnings, with continual attention to laying by any sum that could be spared, a considerable amount might be accumulated in a few years, which would furnish the means of putting forward in business an industrious and careful person; or in case of sickness prove an invaluable treasure, and prevent the galling necessity of applying to the parish for relief. The following tables will show the advantages which may be derived from this institution. It will be perceived that 7s. a week, with the interest, would in seven years amount to rather more than the Rules of the bank allow to be deposited; in fact, no one can make a further deposit, after his account amounts to 1507., but it may go on at interest till it reaches to 2001. |