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1
435
Her Majesty's Mails
·
William Lewins
341
This
Bill,
entitled
"An
Act
to
grant
additional
facilities
for
depositing
small
savings
at
interest,
with
the
security
of
Government
for
the
due
repayment
thereof,"
became
law
on
the
17th
of
May,
1861.
The
first
savings'
banks
in
connexion
with
the
post-offices
of
the
country
were
established
on
the
16th
of
September,
1861.
A
limited
number
was
first
organized,
and
in
places
where
no
accommodation
of
the
kind
had
ever
been
afforded.
The
extension
of
the
scheme
to
Ireland
and
Scotland
was
effected
on
the
3d
and
17th
of
February
respectively.
Nearly
all
the
2,879
money-order
offices
of
the
United
Kingdom
are
now
post-office
savings'
banks.
These
banks
are
in
regular
working
order,
2,000,
in
round
numbers,
existing
in
England
and
Wales,
450
in
Ireland,
and
400
in
Scotland.
Many
of
our
largest
towns
have
several
banks.
Thus,
at
the
present
time,
January,
1864,
we
find
five
banks
in
Edinburgh,
five
in
Glasgow,
twelve
in
Dublin,
ten
in
Liverpool,
sixteen
in
Manchester,
ten
in
Birmingham,
and
seven
in
Bristol.
Only
seventy
of
the
entire
number
of
new
banks
have
failed
to
obtain
depositors--a
fact
which
sufficiently
proves
that
the
advantages
offered
by
the
Post-Office
establishment
are
understood
and
appreciated
throughout
the
kingdom.
Up
to
the
end
of
1863,
the
total
number
of
depositors
in
new
banks
had
been
367,000,
of
which
number
no
fewer
than
307,000
then
held
accounts.
At
present
(March,
1864),
the
weekly
deposits
amount,
in
the
aggregate,
to
40,000l.,
while
the
withdrawals
are
no
more
than
one-third
of
that
sum.
The
total
amount
intrusted
to
the
post-office
banks
since
their
first
opening
has
been
4,702,000l.,
of
which
sum
no
less
than
3,263,000l.
remain
to
the
credit
of
depositors.
The
most
gratifying
fact
in
connexion
with
the
new
banks
is,
that
they
show
a
much
larger
proportion
of
small
depositors
than
the
old
savings'
banks
have
been
able
to
attract,
the
average
amount
of
a
deposit
being
3l.
1s.
9d.
in
the
new,
against
4l.
6s.
5d.
in
the
old
class
of
banks.
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