Annual Reports
Annual Reports - 1930
In the year-ended March 31st 1930, almost 2-million transactions were processed by the Bank, including around 50,000 transactions for each of Water, Electricity, and Gas accounts. The success of the Bank over its short life of just over 10 years is reflected in two of the topics covered by the Reports: the interest of other Municipalities in establishing their own Municipal Bank (all of which failed to come to fruition) and the acquisition of a site in Broad Street for a new Head Office. Fifty-one branches are listed in the Published Report, and the locations of prospective branches and land sites purchased indicate the intention to extend the network further. Reference is made to the Birmingham Corporation (General Powers) Act, 1929 that gave the Bank authority to negotiate with adjoining local authorities in order to open branches outside the city.
(1) Published Report
Published  Report (cont.)