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The following Minutes have been extracted from the records
of the Bank's General Committee and its Sub-Committees.
 
The Minutes cover the period when the Bank was establishing a branch network, mostly in temporary accommodation, but eventually in permanent premises. In the case of Hay Mills, a branch was opened on September 1st 1919 in a shop at 1087 Coventry Road. Lack of progress at this location resulted in much deliberation by the Bank Committee before a move was made to permanent premises at
1176 Coventry Road - opened March 21st 1925.
 
Premises
 
 
Hay Mills
 

Bank Committee: October 4th 1920

 

603 The following Report of the Finance & General Purposes Sub-Committee was presented:

 

Hay Mills Branch.

 

Consideration has been given to the granting of additional facilities to depositors in this district, as it is found that a certain amount of congestion takes place during the present hours of business. Your Sub-Committee recommend that arrangements be made for opening daily at Hay Mills. Although the amounts deposited are very small, the transactions are numerous, and it is thought that in the course of time increase of business will justify the alteration.

 

605 RESOLVED:- That the Manager be instructed to take the necessary steps to open the Hay Mills Branch as a daily Branch.

 

636 The following Report of the Finance & General Purposes Sub-Committee was presented:

 

Saltley, Duddeston and Hay Mills Branches.

Arrangements have been made for opening Saltley and Duddeston Branches as daily Branches on the 1st November next.

The Hay Mills Branch opened daily as and from the 22nd inst.

 

Bank Committee: May 23rd 1921

 

826 The Manager's report on the Hay Mills Branch was referred to the Finance & General Purposes Sub- Committee for consideration.

 

Finance & General Purposes Committee: June 13th 1921

 

The Following Reports of the Manager on the Hay Mills Branch were received:

 

Manager's Report upon the working of Hay Mills Branch and the manner in which Mr Kesterton discharges his duties.

 

469 RESOLVED:- That it be a recommendation to the General Committee that the Hay Mills Branch be opened in future on Tuesdays from 10am to 2:30pm and on Saturdays and Mondays from 5.30pm to 7.30pm only, instead of the present hours of business; and that the question of the employment of Mr Kesterton be referred to the Chairman of the Committee (Mr Councillor Appleby) and the Chairman of your Sub-Committee (Mr Alderman Lovsey) for consideration and report.

 

470 RESOLVED:- That the question of altering the situation of the Hay Mills Branch be considered at a later Meeting.

 

Bank Committee: June 20th 1921

 

Report of the Finance & General Purposes Sub-Committee:

 

Hay Mills Branch.

 

Your Sub-Committee have had under consideration the Report of the Manager upon the working of the Hay Mills Branch referred to them by your Committee. They also had before them a Supplemental Report on the Branch indicating that the amount of business transacted does not justify the Branch being opened on certain days of the week and suggesting that the question be considered of whether premises nearer to South Yardley would be more suitable than the present situation of the Branch.

 

Your Sub-Committee now recommend that the Hay Mills Branch be opened in future on Tuesdays from 10am to 2.30pm and on Saturdays and Mondays from 5.30pm to 7.30pm only, instead of the present hours of business; and that the question of the employment of Mr Kesterton be referred to the Chairman of the Committee (Mr Councillor Appleby) and the Chairman of your Sub-Committee (Mr Alderman Lovsey) for consideration and report.

 

Your Sub-Committee are giving further consideration to the question of altering the situation of the Hay Mills Branch.

 

844 RESOLVED:- That the Hay Mills Branch in future be opened on Tuesdays from 10am to 2.30pm and on Saturdays and Mondays from 5.30pm to 7.30pm in lieu of the present days and hours of business, and that the question of the employment of Mr Kesterton be referred to the Chairman and Chairman of the Finance & General Purposes Sub-Committee for consideration and report.

 

Bank Committee: November 28th 1923

 

The General Manager presented the following report as to negotiations which had taken place for the acquisition of premises Nos 1176 and 1178 Coventry Road:

 

1176 & 1178, Coventry Road.

 

An opportunity has occurred of obtaining premises as above for the purpose of a Bank in the Hay Mills and South Yardley district.

 

The present premises are unsuitable for the Bank, and even if they were situated in the best part of the district, the premises themselves are not adaptable for the future development of the Branch.

 

Each of the premises named above consist of a shop, sitting room, kitchen, three bedrooms and the usual out offices, and would give a frontage to the Coventry Road of 28ft. By removing the dividing wall between the sitting room and shop in each case a total depth of 28ft would be given.

 

Electric light is installed throughout No 1176.

 

The property which is leasehold is fairly well built and in a fair state of repair. The lease has about 76 years unexpired and the Ground Rent is £9 per annum. The property is valued at £1,200.

 

The position with regard to No 1176 is that the present tenant has arranged to dispose of the stock, fixtures and Goodwill, and the owner of the property was proposing to grant a lease to the prospective purchaser.

 

The position was considered by the Chairman and Councillor Gelling on the 23rd November and the General Manager was instructed to open negotiations with a view to purchase.

 

The purchase can be effected on the under-mentioned terms, but a decision must be arrived at by the 28th instant, otherwise the prospective purchaser of the stock and Goodwill of No 1176 will step in.

 

            1176   Subject to existing tenancy

                       Purchase Price                                            £500

                       Stock, fixtures and Goodwill

                       with vacant possession of No 1176           £250

 

           1178   Subject to existing tenancy

                       Purchase Price                                            £500

                       For vacant possession of

                       Shop and sitting room, and in

                       consideration of all dwelling

                       accommodation and gardens of

                       1176 & 1178 being let to present

                       tenant at a rental                                          £100

 

                       This makes a total cost to the Bank of £1,350.

 

The dwelling accommodation, etc, at Nos 1176 & 1178 to be let at 12/6d per week clear.

 

Negotiations in this case have been exceedingly awkward as four parties are involved in the same.

 

The stock at No 1176 can be sold under the hammer, but I do not think there will be much return in this respect.

 

1582 RESOLVED:- That the foregoing report be approved, and the action therein referred to confirmed, and that the Town Clerk be instructed to complete the purchase of the leasehold property therein mentioned (1176 and 1178, Coventry Road) at the sum of £1,350, on the terms mentioned in the foregoing report, subject to the approval of the City Council, and to prepare and affix the Corporate Seal to any necessary documents in the matter.

 

Report to the City Council: January 8th 1924

 

PURCHASE OF PREMISES AT HAY MILLS.

 

The desirability of securing premises in this district which would be suitable for the purpose of the Bank has for some time past been engaging the attention of your Committee, who are now in a position to acquire two shops and dwelling houses, Nos 1,176 and 1,178, Coventry Road. Each of the premises contains a shop, sitting room, three bedrooms and usual out-offices, and electric light is installed in No 1,176. The property, which has a frontage to Coventry Road of approximately 28 feet, is leasehold, with 76 years unexpired, and is subject to an annual ground rent of £9.

 

Vacant possession can be obtained of the whole of No 1,176, and of the shop and sitting room of No 1,178. It is proposed that the present tenant of No 1,178 shall be given possession of the available accommodation of both houses after the Bank requirements have been met, paying in respect thereof a rental of 12s. 6d. per week, inclusive of rates.

 

For the past four years a Branch has been conducted in the shop portion of No 1,087, Coventry Road, but neither the position nor the premises themselves are suited for a permanent Branch. At present the Hay Mills Branch is open on Saturday and Monday evenings for 2 hours, and for 4½ hours on Tuesday, but your Committee feel that the Branch has now sufficient regular business to justify more facilities being granted to the public. They, therefore, propose to raise the Branch, in its new position, to the status of a Daily Branch, and they believe, as in other cases, the Branch will develop on satisfactory lines.

 

Your Committee, after having consulted a Valuer, and considered his opinion, have confidence in recommending that this property should be acquired at the price of £1,350, which figure includes payment in respect of stock, fixtures, and goodwill of No 1,176, Coventry Road; and in accordance with Bank Rule No 10, they ask that the consent of the Council be given to the purchase, the cost of which will be defrayed out of the funds of the Bank.

 

Bank Committee: January 21st 1924

 

1617 The following Minute of the City Council, passed at their meeting on the 8th January last, on presentation of the Committee’s report was received:

 

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

Resolved: 26,652. That the proposed purchase of the leasehold interest of Nos 1176 and 1178, Coventry Road, Hay Mills, for Bank purposes, plus certain fixtures, etc, at the price of £1,335, be approved, and the cost defrayed out of the funds of the Bank.

 

On Minute No 1582 the following reports of the Town Clerk were presented with reference to the completion of the purchase of properties No 1176 and 1178 Coventry Road, Hay Mills:

 

January 19th 1924

Gelling to the Corporation.

1176, Coventry Road.

 

I have to report that the purchase of the above property has now been completed in accordance with your instructions.

 

The Underlease contains a covenant not to use the premises for the business of a boot and shoe dealer or repairer, and not to use the premises for a period of five years from 1923 for the business of a butcher, fish dealer, furniture dealer or salesman of confectionery, sweets or tobacco. An indemnity has been given in respect of this covenant. I have made the following payment:

 

           Purchase Money                  £500. 0. 0.

           Stamp Duty                            £2. 10. 0.

 

January 18th 1924

Murden to the Corporation.

1178, Coventry Road.

 

I have to report that the purchase of the above leasehold premises has now been completed in accordance with your instructions.

I have made the following payment:

 

           Purchase Money                  £500. 0. 0.

               Less deposit                       £50. 0. 0.      £450. 0. 0.

            Balance on Apportionment Account                 -. -. 6.

           Stamp Duty                                                    £2. 10. 0.

 

 

1623 RESOLVED:- That the foregoing reports be approved and Minute No 1582 discharged.

 

Bank Committee: June 16th 1924

 

The General Manager reported that the following tenders had been obtained for required alterations at the premises 1176 and 1178, Coventry Road, Hay Mills, and opened by the Chairman and the Chairmen of the General Purposes and Finance Sub-Committees:

 

           F J Briley, Hay Mills                                    £1,276

            W Sapcote & Sons, Camden Street        £1,318

            S Surman & Son, Gt Colmore Street       £1,325

            T Elvins & Sons, Soho Hill                        £1,330

            R Fenwick Ltd, William Edward Street    £1,335

            Percy W Cox, Grove Lane                         £1,348

 

1793   RESOLVED:- That the tender of Mr F J Briley at the sum of £1,276 be accepted for the carrying out of the alterations at 1176 and 1178, Coventry Road, Hay Mills, and that the Town Clerk be instructed to prepare and affix the Corporate Seal to the necessary contract.

 

Bank Committee: July 7th 1924

 

The General Manager presented the following report with reference to property No 1176 and 1178 Coventry Road, Hay Mills:

 

1176 & 1178 Coventry Road, Hay Mills.

 

After considerable negotiations, Mr Frank Wilde has agreed, subject to the approval of the Committee, to purchase the freehold of these premises which were recently acquired by the Bank. The basis of the purchase is 30 years plus the legal expenses of the Vendor. The freeholder is Mr Newey who, through his solicitors Messrs Jeffery, Wild & Lovatt, held out for 33 years purchase, and only after much pressure was the above agreement reached. There is no possibility of securing better terms, the Vendor being an unwilling seller.

 

The ground rent of the two premises comes to £9 per annum, and the lease has 76 years to run.

 

Mr Wilde is of opinion that the Committee would be wise to secure the freehold and recommends acceptance of the terms arranged.

 

1812   RESOLVED: That the purchase of the freehold interest in Nos 1176 and 1178 Coventry Road, Hay Mills, at the sum of £270, plus the vendor’s legal expenses, be approved, subject to the consent of the City Council, and that the Town Clerk be instructed to prepare and, if necessary, affix the Corporate Seal to any necessary document in the matter.

 

Bank Committee: October 20th 1924

 

1852 The following Minute of the City Council passed on presentation of the Committee's report on the 29th July last was received:

 

It was moved by Mr Councillor Appleby, seconded by Mr Councillor Yates, and Resolved:

26,913. That the proposed purchase by the Bank Committee of the freehold of 1176 and 1178, Coventry Road, Hay Mills, for the sum of £270 plus costs, be approved, and the expenditure defrayed from the funds of the Bank.

 

On Minute No 1793, the Town Clerk presented the following report as to the completion and sealing of the contract with Mr F J Briley for alterations at Nos 1176 and 1178, Coventry Road, Hay Mills.

 

August 11th 1924

Alterations to Premises Nos 1176 - 1178, Coventry Road, Hay Mills.

I have prepared, completed and affixed the Corporate Seal to a Contract with Mr F J Briley for the carrying out of the structural alterations required at the above premises.

 

1860   RESOLVED:- That Minute No 1793 be discharged.

 

 

                                                                                                        Continued ....

 

 

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