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Bank Committee: October 15th 1923

 

The following report of the General Manager was received:

 

Premises in Spring Hill.

 

It having come to the knowledge of the Chairman that the Public Works Committee has had offered to them freehold land and premises in Spring Hill, but owing to lack of funds had been obliged to turn down the offer, the Chairman with Councillor Stephens and the General Manager visited this site on Friday last. The position is on the main thoroughfare almost opposite the Public Library. There is a vacant plot of ground fronting to the main road, two shops and dwelling-houses, a large disused chapel at the rear and other land. The proposal appeals to the members referred to as affording an opportunity of erecting a one-storey bank on the vacant land fronting Spring Hill, letting the former chapel as a factory for light work, and the two shops and dwelling-houses to remain as they are. When the widening of Spring Hill takes place the shops and dwelling-houses and any erections on the present vacant land would go out, but the large chapel and a small piece of land by the side would remain, and could be used for the purposes of the Bank.

 

It would seem desirable that the Corporation should secure this site in view of the general widening schemes, and to assist in this matter it is suggested that the Bank Committee should effect the purchase on the understanding that when the widening does take place the Public Works Committee will repay to the Bank the value of the land and buildings required for their purposes. It is therefore recommended that Mr Wilde be instructed to prepare a plan of the property and furnish a report to the Bank Committee together with the valuation of same, and that on this being received the Chairman, Councillor Stephens, and the General Manager be authorised to interview the Public Works Committee and reach an agreement on the matter.

 

1544 RESOLVED:- That the General Manager be instructed to obtain a report from Mr F Wilde with reference to the premises in Spring Hill referred to in the General Manager's Report.

 

Bank Committee: November 19th 1923

 

On Minute No 1544, the General Manager presented the following report as to negotiations in regard to premises Nos 38 and 40, Spring Hill:

 

Premises in Spring Hill.

 

In accordance with Minute No 1544 the General Manager has obtained a report from Mr Wilde concerning the property which has been offered to the Bank. The property comprises two retail shops and dwelling-houses Nos 38 and 40 Spring Hill, each containing a shop, sitting room and usual out offices with two bedrooms, an attic and box room. No 38 is let at a rental based on the standard rent of 11/- per week inclusive, which is below what can be legitimately charged under the Rent Act. No 40 is let at an annual rental of £28 per annum, the tenant paying rates. This property is in a poor condition, the buildings being practically worn out. There is a plot of vacant land fronting Spring Hill and leading to a disused brick-built chapel consisting of an assembly room 44’ by 45’ and a small portion of vacant land at the rear.

 

The property and land gives a frontage to Spring Hill of 58’, and the approximate area of the whole site is 840 square yards.

 

The Chairman (Councillor Appleby) and Councillor Stephens together with the General Manager have visited the site and inspected the chapel, and they express the opinion that a purchase of this character might advantageously be made in conjunction with the Public Works Committee as a large portion of the land comes within a widening scheme.

 

The General Manager has approached the Public Works Department on the matter, and is informed that they are prepared to join in with the Bank in purchasing the property at a figure to be agreed between them. The proposal submitted to the Public Works Department is that they should purchase the two shops and dwelling-houses and the land to the extent required for widening purposes; that the Bank should purchase the chapel and the rest of the land; that until such times as the Public Works Department are ready to commence widening Spring Hill, a one-storey erection should be put up to serve the purposes of the Bank, and that the chapel should in the meantime be let off. When the widening is undertaken the chapel could either be altered or adapted to suit the purposes of the Bank, or demolished and a permanent structure erected.

 

Mr Wilde has been instructed to continue his negotiations with regard to price, and it is recommended that the matter be left in the hands of the Chairman of the Public Works Committee and the Bank Committee together with the City Surveyor and the General Manager of the Bank, with power to effect the purchase.

 

1569 RESOLVED: That the question of the acquisition of the property Nos 38 and 40, Spring Hill be referred to the Chairman of this Committee and the General Manager, in conference with the Chairman of the Public Works and Town Planning Committee and the City Surveyor, with power, subject to the approval of the Public Works and Town Planning Committee and the City Council, to arrange for the joint purchase of the property on reasonable terms for the respective purposes of the two Committees.

 

Correspondence

November 24th 1923: J P Hilton to the City Engineer & Surveyor (H H Humphries)

 

re 38 & 40, Spring Hill, Land adjoining and Chapel at rear.

 

I have received a letter from Mr Frank Wilde, our agent, of which the enclosed is a copy.

 

At the last meeting of my Committee, the matter was left in the hands of my Chairman and myself to act in conjunction with your Chairman and yourself, with power, so far as we are concerned, to go to £2,200, if necessary.

 

My Chairman has summoned a special meeting of my Committee for Wednesday morning next to deal with one or two other matters, and he will take an opportunity of reporting this matter at that meeting. If it is possible, I should be glad to know whether your Chairman and yourself are agreeable to the purchase being effected on the lines indicated in my letter of the 30th ultimo.

 

Yours faithfully,

(sgd) J P Hilton

 

Frank Wilde to J P Hilton (date unknown):

 

Dear Sir,

 

In accordance with your letter of the 12th instant I have been negotiating for the purchase of the above property and last week had a meeting at my Office of three of the Trustees concerned in the matter. After a lengthy interview they ultimately agreed to recommend an acceptance of the sum of £2,100 to a meeting of Trustees which would have to be held, as they were not empowered to accept less than £2,200.

 

I was only able to enduce them to recommend acceptance of this figure on the understanding that I would advise you to pay this amount for the property and I have no hesitation in doing this, as I believe, from information I have gleaned from another source, that an offer of £3,000 was refused in April of this year, and as the Trustees informed me that their reserve at that time was £4,000 I have every reason to believe I have not been misinformed.

 

You will remember my valuation of the property was £2,500 and I do not consider this figure out of the way for anyone who could make a proper use of the Buildings at present on the site. In addition there is a considerable area of land, which must increase in value owing to its near proximity to the centre of the city.

 

I have now received a letter to the effect that the Trustees at their meeting agreed to accept a firm offer of £2,100, and I now await your further instructions.

 

Yours faithfully,

(Sgd) Frank Wilde

 

Note (attached to the above correspondence) produced by the Public Works Committee:

 

On the instructions of the Chairman of the General Committee, the Bank Committee were informed that the Public Works Committee would join with them in the purchase at a reasonable price. The Bank Committee could use the existing premises until such time as the road widening was required when there would be sufficient land at the rear for the Bank to erect new premises.

 

Your Sub-Committee recommend that the action of the Chairman be approved, and that your Committee join with the Bank Committee in the purchase of the premises in Spring Hill referred to on the basis of a purchase price of £2,100.

 

Bank Committee: November 28th 1923

 

On Minute No 1578 (Premises Nos 38 and 40, Spring Hill) the General Manager presented the following report:

 

Premises in Spring Hill.

 

Mr Wilde has been in negotiation with the Trustees concerned in the property at Spring Hill, and has succeeded in getting their agreement to sell the land and buildings for the sum of £2,100. This is £100 less than the price which had previously been asked in the matter. It is now recommended that, so far as the Bank is concerned, the purchase be agreed to subject to an agreement with the Public Works Committee on the following basis:

 

'The Public Works Committee to take the two shops and land fronting Spring Hill, and to lease the land to the Bank with permission to erect a temporary Branch Bank until such times as the widening of Spring Hill is proceeded with; the Bank to purchase the chapel and remaining back land.'

 

The Public Works Committee have signified their willingness to join with the Bank Committee in effecting the purchase on the basis of a purchase price of £2,100.

 

1579 RESOLVED:- That the foregoing report be approved, and that on the approval of the Public Works and Town Planning Committee being given to the proposals, the Town Clerk be instructed to complete the purchase of the property in Spring Hill therein referred to at the sum of £2,100, subject to the consent of the City Council, and to prepare and affix the Corporate Seal to any necessary documents in the matter; and that the question of the proportion of the purchase price to be borne by each Committee be referred to the Chairman and General Manager to settle with the Public Works and Town Planning Committee.

 

Bank Committee: December 17th 1923

 

On Minute No 1579 (Property - 38 and 40 Spring Hill) the following communication from the Public Works and Town Planning Committee was received:

 

November 30th 1923

RESOLVED:- That the action of the Chairman in connection with the proposed purchase jointly with the Bank Committee, of Nos 38 and 40 Spring Hill and adjoining premises, as mentioned in the report of the Town Planning Sub-Committee, be approved and confirmed and that the Bank Committee be informed that the Public Works Committee are willing to join in the purchase of the premises on the basis of a purchase price of £2,100.

 

1590 RESOLVED:- That Minute No 1579 be continued.

 

Report to the City Council: January 8th 1924

 

PURCHASE OF PREMISES AT SPRING HILL.

 

Your Committee report that the opportunity has been secured of acquiring freehold property situate at Nos 38 and 40, Spring Hill, with vacant land adjoining and behind a disused chapel at rear. When the matter first came to your Committee's notice, they ascertained that a portion of the property came within a street widening scheme of the Corporation. They accordingly approached the Public Works and Town Planning Committee with a view to a joint purchase for the respective purposes of the two Committees, and are pleased to report that the Public Works and Town Planning Committee agreed to co-operate with them in acquiring the property.

 

The premises consist of two small shops and dwelling houses, No 40 (which is a little larger than No 38) being let on an annual tenancy at a rental of £38, the tenant paying rates; No 38 being let at a weekly rental of 11s., inclusive of rates. The disused chapel standing at the rear has an assembly room of 44ft. by 45ft., and a height of 17ft. wood laid floor of parquetry pattern, with heating and lighting arrangements. The whole area of the site and position of the buildings is indicated in pink colouring on Plan "A" annexed to this Report.

 

Your Committee attach no importance to the shop and dwelling houses as buildings, as they are only in a poor condition, but taking the site as a whole they are satisfied that the property is one which the Council should acquire in view of subsequent street widening developments, and the Public Works and Town Planning Committee concur in this view.

 

As a result of your Committee's negotiations, the price at which the property can be acquired has been reduced to £2,100. Your Committee, having consulted a Valuer, and considered his opinion, have confidence in recommending that the property should be acquired at this sum.

 

It has been agreed between the two Committees that the purchase should be effected, subject to the approval of the Council, on the following terms:

1. Such portion or portions as come within the requirements of the Public Works Department for street widening to be paid for by the Public Works and Town Planning Committee.

2. The remainder of the land and premises to be paid for by the Bank.

 

The portion required by the Public Works and Town Planning Committee is indicated by the street widening line shown on the plan.

 

So far as your Committee are concerned, they propose, with the approval of the Public Works and Town Planning Committee, to erect a temporary Bank on the vacant land fronting to Spring Hill, and to pay an annual sum as ground rent to that Committee. The chapel and remaining land would be retained by the Bank as a site for a permanent Bank when the widening scheme is proceeded with, using part of the chapel in such connection, or demolishing same, as may be deemed desirable after having professional advice thereon.

 

The approval of the Council is now asked to the purchase, the cost of which, so far as your Committee's share is concerned, 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 Talbot, and

Resolved: 26,651. That the proposed joint purchase of the freehold property, Nos 38 and 40, Spring Hill, by the Bank and the Public Works and Town Planning Committees, at the price of £2,100, be approved, and the arrangements made between the two Committees as to the allocation of the property and the provision of the purchase money be confirmed.

 

Bank Committee: June 16th 1924

 

On Minute No 1579, the following report of the Town Clerk as to the completion of the purchase of premises, Nos 38 and 40, Spring Hill and the chapel at the rear, was received:

 

June 13th 1924

 

Sawyer to the Corporation.

Spring Hill Chapel.

 

I have to report that the purchase of Nos 38 & 40, Spring Hill and the Chapel at rear has now been completed in accordance with your instructions.

 

No 38 is let to Mr John Lee at a weekly rent of 16/6d. No 40 is in the occupation of Mr A Hirst at the yearly rent of £38. 5. 0. upon the terms of a Lease which expired on the 29th September 1920.

 

The property is subject to a covenant to erect a good and sufficient fence 6' high around a small piece of land at the rear, and I understand that this covenant has not yet been performed.

 

I have made the following payments:

            Purchase Money                £2100. 0. 0.

              Less Apportionments           £1. 12. 8.    £2098. 7. 4.

            Stamp Duty                                                      £21. 0. 0.

 

1774   RESOLVED:- That the report be approved and the General Purposes Sub-Committee instructed to prepare a suitable scheme for the utilisation of the property available for Bank purposes.

 

 

 

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Premises - Spring Hill
 
The following Minutes have been extracted from the records
of the Bank's General Committee and its Sub-Committees.
 
The Minutes cover the period up to December 1931 including the
early years of the Bank as a branch network was being established. In the case of Spring Hill, a freehold group of properties was identified in 1923.
 
Permanent premises were opened on the site on July 25th 1925.