Bank Committee: February 15th 1926
The General Manager submitted the following report as to certain vacant land in Bordesley
Green under the control of the Allotments Committee:
Land at Bordesley Green
The Allotments Committee have land fronting
the thoroughfare known as Bordesley Green, situate on the left hand side of the road past Churchill Road and adjoining the "Era" Picture
House. Councillor Cooper drew the General Manager's attention to this land, and accompanied the General Manager to the site on Friday
last.
As a result of this, and after viewing the locality, the General Manager is satisfied that it is desirable to establish
a Branch Bank in this area, which is sufficiently far away from the proposed Branch at the corner of Cherrywood Road. There has been
rapid development in this area and for some considerable distance beyond the district is very thickly populated. The road is being
continued right through to Stechford, and further housing development is contemplated.
In the General Manager's opinion it would
be a suitable site on which to place one of the portable wooden buildings, to be conducted as an Evening Bank until such time as a
permanent erection would be justified.
The General Manager understands that the Allotments Committee would prefer to charge a
rental for the land required, rather than transfer the land to the Bank.
2288 RESOLVED:- That the matter be referred
to the Chairman and General Manager with authority to make arrangements with the Allotments Committee for renting a portion of the
land.
General Purposes Sub-Committee: April 12th 1926
917 The Sub-Committee were informed that the Allotments Committee
had passed a resolution agreeing to the letting to the Bank Committee of 500 square yards of land fronting Bordesley Green East at
9d. per square yard, and the General Manager had made arrangements to view the same with Mr Lawton, the Assistant Surveyor, and Mr
Phipps, with a view to putting on the land a portable wooden building. The Minute was continued.
P575/6, P580, P584: Bank Committee:
April 19th 1926
2331 The following report of the General Purposes Sub-Committee was presented:
Land - Bordesley Green East.
The
attention of your Committee was called at their last meeting to certain vacant land in Bordesley Green East under the control of the
Allotments Committee. The latter Committee have been approached on the matter, and have decided to agree to let to the Bank Committee
an area of approximately 500 square yards of land at a rental of 9d. per square yard. Your Sub-Committee recommend that this arrangement
be approved, and that authority be given for one of the portable wooden buildings to be erected on the site for use as a Branch Bank.
2332 RESOLVED:- That the arrangement with the Allotments Committee for the letting to the Bank of approximately 500 square yards of land
in Bordesley Green East at an annual rental of 9d per square yard be approved and that the General Manager be authorised to have erected
on the site a portable wooden building for use as a Branch Bank.
A506: General Purposes Sub-Committee: May 10th 1926
938
On Minute No 917, the Sub-Committee were informed that the Public Works Committee had approved of portable wooden buildings being
placed on the sites secured by the Bank at Brookvale, Stechford and Little Bromwich, and were prepared to issue licences for three
years in each case.
General Purposes Sub-Committee: January 10th 1927
Little Bromwich Branch.
Correspondence
has taken place between the Allotments Department and the Bank with regard to the terms under which the Bank has possession of the
land on which a wooden building has been erected.
It was suggested that a lease of 99 years should be prepared, but the Town Clerk has pointed out that the Corporation cannot grant a lease because it would be conveying land from itself to itself.
A suggestion, I understand, has been put forward in the Allotments Committee, that a minute should be passed giving a tenancy to the Bank of 99 years on payment of the ground rent of 9d. per square yard. It has been the practice, in dealing with other Committees, for the Bank to purchase the freehold at 15/-d. per square yard, which is the equivalent of 9d. per square yard leasehold, and this would have been submitted to the Allotments Committee but for Councillor Cooper, who thought it desirable that the Allotments Committee should retain the land and their loan charges should not be disturbed.
The Branch at Little Bromwich is doing very well indeed, and
I am confident that it will not be many years before we have to put up a new building; and I think it would be very much more satisfactory
if the Bank purchased the land outright, which would result in the Treasurer making the necessary financial adjustments on the loan
charges to the Allotments Department.
I do not see that a Minute of the Committee agreeing to a tenancy of 99 years is quite
a satisfactory way of dealing with the situation, when the probability of our having to put up a permanent Bank is taken into account.
The
City Treasurer stated that he proposed to report to the Allotments Committee proposing that the land in question should be transferred
to the Bank, as no financial advantage would accrue to the Allotments Department if the suggestion to grant a 99 years' tenancy were
adopted.
1038 RESOLVED:- That the forgoing report be approved and that the General Committee be recommended to inform
the Allotments Committee that the Bank are prepared to agree to the transfer of the land in question at the price of 15s. 0d. per
square yard.
General Manager's Annual Report for the year ended 31st December 1926
NEW BRANCHES.
General Purposes Sub-Committee: February 14th 1927
On
Minute No 1038 (land - Bordesley Green East) - the Sub-Committee reviewed the circumstances in connection with the land rented from
the Allotments Committee in Bordesley Green East, which matter had been referred to the Sub-Committee by the General Committee for
further consideration in view of a proposal which had been submitted by the Allotments Committee that the land in question should
be rented to the Bank for a period of years.
1052 RESOLVED:- That this Sub-Committee being of opinion that the procedure
laid down in the Standing Order to Committees No 31 with reference to the transfer of land etc from one Committee to another should
not be departed from in this case, recommend the General Committee to request the Allotments Committee to transfer to the Bank, with
the approval of the City Council, the land in question at the price of 15/- per square yard.
Bank Committee: February 21st 1927
The
following Minute of the Allotments Committee, passed at a meeting on the 10th February, with reference to the land in Bordesley Green
East at present rented by the Bank, was submitted:
1449. RESOLVED:- That this Committee would prefer that the present arrangement for letting the land at Yew Tree Farm should be continued, and that the matter should be further considered when the Bank Committee desire to erect a permanent branch.
The Committee were informed that the Minute in question had been received by the Clerk to
the Committee after the last meeting of the General Purposes Sub-Committee, when the matter had been considered and a minute passed
recommending the Bank Committee to represent to the Allotments Committee their view that the land in question should be transferred
in accordance with the Standing Orders to Committee laid down by the City Council. After the Committee had considered the minute of
the Allotments Committee, it was:
2595 RESOLVED:- That the Allotments Committee be informed that the Bank Committee,
while considering that the Council's General Instruction to Committees No 31 should be observed, are prepared to agree to the transfer
of the land in Bordesley Green East being deferred and to the present arrangement for letting the land being continued, on the understanding
that when the erection of a branch bank is decided upon, the Allotments Committee will raise no objection to the transfer of the land
to the Bank at the price of 15s. 0d. per square yard.
General Purposes Sub-Committee: March 14th 1927
1081 A letter was
submitted from the Town Clerk to the affect that the Allotments Committee would be prepared to transfer the land in Bordesley Green
East at the price of 15/- per square yard when the Bank Committee desired to erect a permanent branch on the site.
General Purposes
Sub-Committee: December 13th 1927
The General Manager presented the following report as to Little Bromwich branch:
Little
Bromwich Branch.
In September 1926 a Branch of the Bank was opened in a wood building on land fronting Bordesley Green East,
the Branch being open on Monday and Saturday evenings.
The land is rented from the Allotments Committee at 9d. square yard, and
it was agreed that it should be transferred to the Bank at 15/-d. per square yard when it was desired to erect a permanent building.
The
progress of this Branch has been such as to warrant the Committee considering the provision of increased facilities - in fact, the
depositors and prospective depositors are entitled to more banking facilities. To provide daily facilities in the wood building would
entail much expense in the provision of domestic facilities and adequate accommodation for safe custody of cash, and it would be very
difficult at a later stage to carry on the work of such a Branch during the erection of a permanent building. Experience has proved
that to conduct a daily Bank in temporary premises during alterations is expensive and unsatisfactory.
The transactions at this
Branch average 82 per evening, and the development of the Branch will be seen from the following monthly figures:
|
Month |
Amount deposited £ |
Amount withdrawn £ |
No
of new Accounts opened |
No of Transactions |
Water A/c's dealt with |
Gas A/c's dealt with |
Electricity A/c's dealt with |
|
Sept 1926 |
1,169 |
146 |
232 |
522 |
- |
- |
- |
|
Oct |
1,153 |
56 |
150 |
632 |
23 |
24 |
3 |
|
Nov |
1,039 |
155 |
69 |
558 |
18 |
57 |
14 |
|
Dec |
359 |
369 |
25 |
282 |
1 |
- |
- |
|
Jan
1927 |
1,933 |
404 |
127 |
877 |
5 |
19 |
- |
|
Feb |
1,629 |
317 |
64 |
735 |
3 |
67 |
23 |
|
Mar |
1,000 |
238 |
51 |
692 |
- |
- |
- |
|
April |
1,358 |
359 |
37 |
618 |
44 |
32 |
1 |
|
May |
1,485 |
463 |
58 |
680 |
26 |
78 |
31 |
|
June |
1,154 |
686 |
35 |
553 |
1 |
- |
- |
|
July |
900 |
1,071 |
25 |
636 |
- |
27 |
9 |
|
Aug |
1,174 |
650 |
48 |
608 |
3 |
47 |
14 |
|
Sept |
1,193 |
635 |
48 |
696 |
- |
1 |
2 |
|
Oct |
1,511 |
496 |
64 |
921 |
46 |
26 |
9 |
The
amount standing to credit of depositors at the 31st October 1927 was £14,697, and the number of open accounts totalled 917.
It
will be seen from the foregoing figures that there is now a satisfactory depositorship to justify proceeding with the erection of
a permanent building, and I recommend that application be made to the Allotments Committee for the transfer of the land at the price
agreed, and that instructions be given for plans to be prepared for the erection of a suitable building.
1194 RESOLVED:-
That the General Committee be recommended to arrange for the transfer from the Allotments Committee to the Bank of the land fronting
to Bordesley Green East at present rented to the Bank, at the agreed price of 15/- per square yard, and that the General Manager be
instructed to arrange for plans to be prepared for the erection of a suitable building.
The General Manager called the attention
of the Sub-Committee to certain properties which were for sale at King's Norton and at Bordesley.