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Bank Committee: July 18th 1921

 

Report of the Finance & General Purposes Sub-Committee:

 

Opening of additional Daily Branches.

 

Your Sub-Committee have had before them a report of the Manager with regard to the opening of certain evening branches as daily branches. The additional staff available under the recent arrangements with the Water Department provides an opportunity of carrying out this arrangement at an earlier date than would otherwise occur in the ordinary development of the Bank.

 

The Evening Branches which have shown a satisfactory development during the past 12 months are as follows:

 

Bearwood, Harborne, King's Heath and Erdington.

 

With regard to Harborne, your Sub-Committee are of opinion that the opening of a daily branch should be deferred until more suitable premises in this district have been obtained.

 

In view of the prospective enlargement of the Branch premises at King's Heath, they are also of opinion that the opening as a daily branch should be deferred until the extended accommodation is available.

 

In the cases of Bearwood and Erdington, however, the existing premises are quite suitable for opening as daily branches, and such an arrangement would not involve any additional payment of rent or rates.

 

It is now recommended, therefore, that instructions should be given for the opening of the Erdington and Bearwood Branches as daily branches as and from the 1st September next, and that the King's Heath Branch be opened as a daily Branch when the increased accommodation is available.

 

871 RESOLVED:- That the Erdington and Bearwood Branches be opened as Daily Branches as from 1st September next; that the Kings Heath Branch be opened as a Daily Branch when the necessary increased accommodation is available; and that the Manager be instructed to arrange accordingly.

 

 

General Purposes Sub-Committee: February 12th 1923

 

The General Manager reported that property at 283 High Street Harborne had been offered to the Bank and also that Councillor Appleby was of opinion that property 355 High Street Harborne might be obtained. With Councillor Appleby the General Manager had visited both the sites, and it was considered that the latter site was the most suitable for the Bank. This property is in the middle of a block between Lordswood Road and Serpentine Road and comes within a proposed widening scheme of the Corporation who are already the owners of two properties in this area. Councillor Appleby was of opinion that as the whole of the property was only of a poor description, and the necessity for widening at this part of High Street was becoming urgent, it was desirable for joint action to be taken by the Public Works etc Committee and the Bank Committee in the matter.

 

259    RESOLVED:- That Councillors Appleby and Stephens with the General Manager be requested to confer with the Public Works etc Committee as to the desirability of joint action being taken for purchase of the portion of the block of property above referred to not already acquired by the Corporation and to consider in the event of such purchase being agreed the fixing of a suitable site for the erection of a Branch Bank.

 

General Purposes Sub-Committee: March 12th 1923

 

On Minute No 259 (Negotiations - 355 High Street, Harborne) the General Manager reported that after consultation with the Public Works Department, the Chairman of the General Committee and himself were of opinion that the Scheme suggested would not be practicable.

 

The question had been considered of the acquisition of No 283 High Street, Harborne, as an alternative. The City Surveyor expressed the opinion that the premises in question would not require very much alteration for adaptation as a temporary Branch Bank.

 

The General Manager submitted a report of Mr Frank Wilde dated 5th February 1923 relating to these premises:

 

Frank Wilde & Glover,

Daimler House,

33, Paradise Street,

BIRMINGHAM.

 

283, HIGH STREET, HARBORNE.

 

Referring to your letter of the 31st ultimo, I have made an inspection of the shop and premises No 283 High Street, Harborne. The accommodation comprises:

 

On the GROUND FLOOR: Retail Sale Shop which by the removal of two short studded partitions would leave an open floor 24' wide by 26' deep with an iron column in the centre. Sitting room, Kitchen with h & c water on Sink and pantry.

 

On the FIRST FLOOR: Landing, Five Bedrooms, Linen closet and combined Bathroom and W.C.

On the SECOND FLOOR: Large Attic.

 

Outside in small garden is a Coal House.

 

This Freehold Property the building of which was completed early in 1914 is of very fair construction and stands on a plot of land having a Total Area of about 300 sq.yds. With a frontage of 34ft, part of such frontage being occupied by an 8' Gateway over which is built the upper storey of the adjoining Property. The Buildings are set back about 8 feet from the footpath.

 

I consider the position is a good one, likely to improve, and the buildings lend themselves admirably to your purposes.

 

I am of opinion that the Market Value of the Property is TWO THOUSAND TWO HUNDRED AND FIFTY POUNDS (2,250. 0. 0.)

 

I have had an interview with Mr Southam the Owner, and after some discussion he reduced the figure of 3,500 he was asking, to 3,000, but I informed him that my Client would not be likely to entertain the proposition at anything like this amount.

 

I understand from Mr Southam that he has offered his Property to the Birmingham Co-operative Society, who occupy a Shop adjoining, and are also the Owners of the Freehold on either side, but they have decided not to purchase it.

 

Awaiting your further instructions.

 

FRANK WILDE.

 

After discussion it was:

 

283     RESOLVED:- That the Chairman of the General Committee and the General Manager be authorised to negotiate for the acquisition of the property at a reasonable price and that Minute No 259 be discharged.

 

General Purposes Sub-Committee: April 9th 1923

 

On Minute No 283 (Property in High Street, Harborne) the following report from Mr Wilde regarding the premises was submitted:

 

Frank Wilde & Glover,

Auctioneers, Valuers, Surveyors & Estate Agents,

33, Paradise Street,

Birmingham.

5th April, 1923.

 

Re 283, High Street, Harborne.

 

I have had considerable correspondence and several interviews with Mr Southam the Owner of the above Property, and have a letter from him to-day to the effect that his price for the Property is 2,700 or very near that figure.

 

I cannot induce him to place the Property on sale at a lower figure, and it will therefore be necessary to make him a firm and final offer, which he can either decline or accept. You will remember my valuation was 2,250, and having regard to the fact that there would be a certain value attached to his business, you might be prepared to pay a little in excess of our valuation, but I think after taking all the circumstances into consideration the very outside figure for a final offer should not exceed 2,500.

 

I have no instructions from you to make any firm offer for the Property, and I think whatever your decision might be as to price, it will be necessary for me to make the next move if you wish to acquire the same.

 

After consideration it was:

 

312     RESOLVED:- That the Chairman of the General Committee and the General Manager, in consultation with Mr Frank Wilde, be authorised to continue negotiations with a view to the property being acquired at a sum not exceeding 2,500.

 

Letter from Frank Wilde subsequent to Minute No 312:

 

10th April, 1923.

Re 283, High Street, Harborne.

 

I am obliged by the instructions to purchase the above Property for a sum not exceeding TWO THOUSAND FIVE HUNDRED POUNDS (2,500), contained in your letter of the 9th. inst. I will use every endeavour to acquire the Property at a lower figure, but the matter is somewhat difficult, owing to the Owner's exalted idea as to the value of the Property. It has taken me some considerable time to induce him to reduce his price from 3,500 to 2,700. I have however now made him a firm offer of TWO THOUSAND THREE HUNDRED AND FIFTY POUNDS (2,350) and will let you know the result of the negotiations. It is quite possible he will not agree to sell even at 2,500.

 

Bank Committee: April 16th 1923

 

Report of the General Purposes Sub-Committee:

 

283, High Street, Harborne.

 

In view of the need for improved branch bank accommodation at Harborne, enquiries have been made with a view to securing suitable premises in this District.

 

Your Sub-Committee have had before them a report from Mr Wilde with reference to premises 283, High Street, Harborne. The property is freehold, and consists of shop and dwellinghouse, and Mr Wilde states that the buildings are in good condition, and could be readily adapted for the present requirements of the Bank. The City Surveyor has seen the plan of the premises and would be prepared to carry out such structural alterations as the Committee may desire.

 

The property is valued by Mr Wilde at 2,250, but the owner is asking the sum of 2,700 for the same.

 

Your Sub-Committee, in view of its favourable situation, and the urgent need for more suitable premises, have authorised the Chairman of your Committee and the General Manager, in conference with Mr Wilde, to negotiate with a view to the acquisition of the property at a sum of not exceeding 2,500.

 

1392 RESOLVED:- That the action of the General Purposes Sub-Committee in authorising negotiations with a view to the purchase of freehold property 283, High Street, Harborne, at a sum not exceeding 2,500 be confirmed.

 

General Purposes Sub-Committee: April 30th 1923

 

On Minute No 312, the Sub-Committee were informed that as authorised, the Chairman of the General Committee and the General Manager in conference with Mr Wilde had negotiated with a view to the purchase of the property 283, High Street, Harborne, and arrangements had now been made for the property to be acquired for the sum of 2,450, possession to be given early in July.

 

327    RESOLVED:- That the General Committee be recommended to ask the Council to approve the purchase of freehold property No 283, High Street, Harborne, for Branch Bank purposes for the sum of 2,450, and subject thereto, to instruct the Town Clerk to prepare and attach the Corporate Seal to any necessary documents.

 

Bank Committee: April 30th 1923

 

1410 The following report of the General Purposes Sub-Committee was presented:

 

Purchase of Premises at Harborne.

 

Your Committee are pleased to report that premises have been purchased at No 283 High Street, Harborne for the sum of 2,450, possession to be given in early July, and they recommend you to report to the Council accordingly.

 

1414 RESOLVED:- That the Council be asked to approve the purchase of freehold property No 283 High Street, Harborne for Branch Bank purposes at the sum of 2450, and that subject to such approval, the Town Clerk be instructed to prepare and affix the Corporate Seal to any necessary documents in the matter.

 

Report of the Bank Committee to the City Council: June 5th 1923

 

Purchase of Premises at Harborne.

 

Your Committee have at last succeeded in obtaining suitable premises at Harborne for a Branch Bank. For the past 3 years a Branch has been in existence at Harborne, the business being conducted in a room at the Public Library on three evenings in the week. The results have, as in similar cases, proved that development is retarded by holding Branches in such buildings, and with the opportunity now afforded your Committee will be able to open the new Branch daily with Saturday and Monday evening openings in addition.

 

The property, which is freehold, is situate at No 283, High Street, Harborne, and comprises: Large retail shop, sitting room, kitchen and usual outbuildings, five bedrooms, bathroom and attic.

 

The property is indicated by the colours pink and blue on the annexed plan "A", the portion coloured blue being occupied by a gateway, the existing buildings above which are reserved to the vendors.

 

Your Committee have, as in other cases, had professional advice in negotiating for this property, which they have agreed to purchase for the sum of 2,450, with possession at the 31st July, 1923. They now ask that the consent of the Council under No 10 of the Bank Rules be given to the acquisition of the property, the purchase price of which will be defrayed out of the funds of the Bank.

 

Your Committee would like to record their appreciation of the arrangements made by the Public Libraries Committee, and the Chief Librarian, for the past 3 years.

 

Bank Committee: June 18th 1923

 

1449 The following Minutes of the City Council, passed on the presentation of the Committee's report on the 5th June last, were received:

It was moved by Mr Councillor Appleby, seconded by Mr Councillor Gelling, and

Resolved - 26,406. That the Bank Committee be, and they are hereby, authorised to complete the purchase of freehold properties No 283, High Street, Harborne, and Nos 267 and 269, High Street, Erdington, as premises for Branch Banks, at the prices of 2,450 and 2,125 respectively, such sums to be defrayed out of the funds of the Bank.

 

General Purposes Sub-Committee: July 9th 1923

 

With reference to No 283 High Street, Harborne, the General Manager [referred to a] letter from Mr F Wilde as to an offer of the Co-operative Society to exchange the accommodation at Nos 287 and 289 for 283. After consideration it was

 

377     RESOLVED: That the offer of the Birmingham Co-operative Society be declined.

 

Finance Sub-Committee: October 8th 1923

 

The General Manager submitted a tender from the Gas Department for heating arrangements at the Harborne Branch, at the sum of 88. 5. 6. (Less 10% discount in the price of radiators).

 

He also submitted an additional tender for the lighting arrangements at the dwelling accommodation at the Harborne Branch for the sum of 10. 0. 0.

 

166     RESOLVED: That the above tenders be accepted and the General Committee recommended to confirm the action taken.

 

 

 

 

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