Annual Salaries: J P Hilton & F Ellison
Details of the salaries awarded to the BMB's General Manager and his deputy from
the commencement of the Bank to the start
of the Second World War
(Part 1 - 1919 to 1930)
|
Date
|
J P Hilton
(£)
|
F Ellison
(£)
|
NOTES
|
| September 1st 1919 |
550
|
350
|
(1) (2) (3) |
| April 1st 1920 |
750
|
|
(4)
|
| April
1st 1921 |
799
|
|
(5)
|
| September 1st 1921 |
|
347
|
(6)
|
| April 1st 1922 |
900
|
400
|
(7) (8)
|
| April
1st 1923 |
1,000
|
550
|
(9)
|
| April 1st 1924 |
1,200
|
|
(10)
|
| April 1st 1925 |
|
700
|
(9)
|
| April
1st 1926 |
1,350
|
|
(11)
|
| April 1st 1928 |
1,500
|
|
(12)
|
| April 1st 1930 |
1,650
|
1,000
|
(13)
|
NOTES
(2) In November 1917, the Bank's Management Committee awarded Mr Hilton an honorarium
of £45 - this replaced a proposed increase of £50 which would have required the agreement of the City Council's Salary, Wages &
Labour Committee.
(3) Frank Ellison was appointed Assistant Manager of the BMB from September 1st 1919 at a salary of £350 per
annum (including War Bonus) rising by an increment of £50 on completion of 12 months approved service - the appointment to be terminated
by one month's notice on either side. Mr Ellison was previously employed as Chief Clerk at the Coventry Savings Bank. By agreement
with that Bank, he actually took up his appointment with the BMB in late August 1919.
(5) The Bank's Management Committee had requested
the authority of the City Council's Salary, Wages & Labour Committee to increase Mr Hilton's salary to £900; this request was
refused and the Committee restricted his increase to £49 - below the £50 amount (as NOTE (2)) that required the Council's permission.
(6) Mr
Ellison's salary increased from £322 to £347 - ie excluding War Bonus. This increase was in accordance with the agreement that his
remuneration be reviewed after two years' service. The Committee agreed that his service over those two years had been "satisfactory".
(7) On
considering Mr Ellison's salary, the Committee were "of opinion that the same is not commensurate with his duties and responsibilities,
and is not in fitting proportion to the salaries paid to other officers over whom he exercises supervision". The Superintendent Inspector
of Branches (eg) had a salary of £290.
(8) In October 1922, the titles of the Bank's two senior officers were amended:
-
J P Hilton from 'Manager' to 'General Manager';
- F Ellison from 'Assistant Manager' to 'Assistant General Manager'.
(9)
At its meeting on January 29th 1923, the Bank's General Purposes Sub-Committee minuted that they "had under consideration the question
of the remuneration of Mr Ellison, Assistant General Manager, and are of opinion that his present salary of £400 plus bonus does not
correspond with the important duties which this officer has to perform. They are of opinion that a substantial increase should be
granted to Mr Ellison, and accordingly recommend that the Salaries, Wages and Labour Committee be asked to approve the salary of Mr
Ellison being increased by:
- £100 per annum as from the 1st April next, a further
- £100 per annum as from the 1st
April 1924 and a further
- £100 per annum as from the 1st April 1925."
The Salaries, Wages and Labour Committee recommended
that "after discussing the matter with Mr Councillor Appleby, Chairman of the Bank Committee, that his salary be advanced by £150
per annum, ie from £400 to £550, as from 1st April next, and with regard to the future they will be prepared to consider the granting
of a further advance in two years' time, if the Bank Committee so recommend."
(10) Extract from the Minutes of the General
Purposes Sub-Committee (January 29th, 1924):
Your Sub-Committee have considered the remuneration paid to the General Manager
and are of opinion that the same is not commensurate with the position held and the responsibility involved.
The remarkable increase
in the transactions of the Bank in all directions are strikingly disclosed by the following:
|
|
Year ended
31st Dec. 1922
|
Year ended
31st Dec. 1923
|
Increase
|
|
Amount deposited
|
£1,665,112
|
£2,539,144
|
£874,032
|
|
Amount withdrawn
|
954,819
|
1,390,772
|
435,953
|
|
Number
of transactions
|
506,412
|
731,153
|
224,741
|
|
No of open accounts
|
88,506
|
118,637
|
30,131
|
|
No of Water Accounts Collected
|
15,284
|
20,282
|
4,998
|
|
No
of House Purchase
applications dealt with
|
378
|
709
|
331
|
|
No of Mortgages in force
|
1,454
|
1,922
|
468
|
Your Sub-Committee are informed that the Salaries of the Managers of the large Trustee Savings Banks such as Manchester and Glasgow
range between £1600 and £1800 and it should be pointed out that as such Banks have been established for long periods, the management
of these concerns does not entail the amount of progressive constructional work which is the case in Birmingham, where especially
the creation of increasing numbers of Branches necessitates a considerable amount of administration and supervision.
(11) Extract
from the Minutes of the General Purposes Sub-Committee (February 15th, 1926):
Your Sub-Committee have had under consideration
the remuneration paid to the General Manager. It will be recollected that Mr Hilton's salary was increased to £1,200 in April 1924,
but your Sub-Committee feel that, in view of the continued rapid development of the Bank and the consequent increase in the responsibilities
and duties of the General Manager, this remuneration is not commensurate with the importance of the office.
The following table
shows the increase in the transactions of the Bank during the last two years, and special reference should be made to the growth of
the House Purchase Department consequent upon the Corporation's policy in regard to the sale of houses, and also to the substantial
increase in the number of Branch Banks, and the policy laid down by your Committee in regard thereto.
Comparative Figures at
31st December
|
|
1925
|
1923
|
Increase
|
|
No of Depositors
|
185,476
|
118,637
|
66,839
|
|
No of transactions
|
1,183,453
|
731,135
|
452,318
|
|
Amount due to
Depositors
|
£6,242,301
|
£3,682,251
|
£2,560,050
|
|
No of Home Safes in hands of Depositors
|
13,527
|
4,976
|
8,551
|
|
No of House Purchase applications
dealt with
|
2,285
|
709
|
1,576
|
|
Amount outstanding on Mortgage
|
£947,085
|
£362,425
|
£584,660
|
|
No of Mortgages in Force
|
3,576
|
1,922
|
1,654
|
|
No
of Water Accounts dealt with
|
28,160
|
20,282
|
7,878
|
|
No of Electric Supply Accounts dealt with
|
3,133
|
-
|
3,133
|
|
No of Daily Branches
|
22
|
16
|
6
|
|
No
of Evening Branches
|
12
|
13
|
|
|
No of Staff
|
119
|
75
|
44
|
It may be of interest to the Committee for purposes of comparison to have before them particulars of the salaries paid to the Managers
of the largest Trustee Savings Banks, and it should be pointed out in this connection that the increase in the business of the Municipal
Bank during the past few years has been much greater than the corresponding increase in the transactions of the other Banks mentioned.
Salaries
paid to Chief Officers of Trustee Savings Banks
| |
Branches
|
£
|
| Glasgow |
18
|
1,600
|
| Manchester |
13
|
1,760
|
| Liverpool |
10
|
1,350
|
| Edinburgh |
10
|
1,350
|
| Aberdeen |
8
|
2,000
|
| Birmingham |
34
|
1,200
|
Your Sub-Committee, after giving the matter very careful consideration, have no hesitation in unanimously making the following recommendations:
That,
subject to the approval of the Salaries, Wages and Labour Committee, the salary of Mr J P Hilton be increased as from the 1st April
next by the sum of £150 per annum and as from the 1st April, 1927, by a further sum of £150 per annum; it being understood that should
this increase be approved, it is not proposed to bring forward a further recommendation for a period of 5 years from the latter advance.
The
decision of the Salaries, Wages and Labour Committee was to agree that Mr Hilton's salary be advanced by £150, but that no further applications
were to be made for at least two years.
(12) Extract from the Minutes of the General Purposes Sub-Committee (February 20th, 1928):
The
Committee will be aware that in 1926 it was unanimously agreed to increase the salary of Mr J P Hilton (the General Manager) by £150
from the 1st April, 1926 and by a further £150 from the 1st April, 1927, bringing his salary up to £1,500 per annum. On communicating
this decision to the Salaries, Wages and Labour Committee in accordance with the Standing Orders, the latter Committee approved the
one increase of £150 to take effect from the 1st April, 1926, on the understanding the question should not be revived for a period
of two years. The Bank Committee ultimately fell in with the wishes of the Salaries, Wages and Labour Committee, but decided that
the matter should be reconsidered at the end of the two years. This time having now elapsed, your Sub-Committee have reviewed the
question and are of opinion that the present salary of Mr Hilton, viz: £1,350 is not commensurate with the responsibilities attached
to the office of General Manager of the Bank. Furthermore, the progress and development of the Bank during the last two years indicate
that the duties and responsibilities of Mr Hilton have materially increased and a statement is annexed giving comparative figures
at 31st December, 1925 and 31st December, 1927, which shows the substantial growth of the Bank during this period.
Your Sub-Committee
feel that they are expressing the opinion of the Committee when they state that they are well pleased with the efficient manner in
which the Bank is conducted and after full consideration they submit that the second advance which it was originally proposed to grant
from 1st April, 1927, should no longer be withheld, and accordingly it is unanimously recommended that subject to the approval of
the Salaries, Wages and Labour Committee, Mr Hilton's salary be increased by £150 as and from the 1st April 1928.
Comparative
Figures at 31st December
|
|
1927
|
1925
|
Increase
|
| Savings Bank |
|
|
|
| Total Amount of Deposits |
£21,719,167
|
£13,841,140
|
£7,878,027
|
| Total
Amount of Withdrawals |
£14,395,663
|
£8,166,708
|
£6,228,955
|
| Total number of Transactions |
7,152,089
|
4,322,771
|
2,829,318
|
| Depositors'
Balances |
£8,376,638
|
£6,242,301
|
£2,134,337
|
| Number of Depositors |
241,429
|
185,476
|
55,953
|
| Number
of Home Safes in use |
25,024
|
13,527
|
11,497
|
| House Purchase |
|
|
|
| Number of Mortgages arranged |
7,626
|
4,465
|
3,161
|
| Total
advanced on Mortgage |
£2,557,495
|
£1,407,436
|
£1,150,059
|
| Total repaid |
£853,907
|
£415,991
|
£437,916
|
| Number
of Mortgages in force |
5,874
|
3,576
|
2,298
|
| Total amount outstanding |
£1,703,588
|
£991,444
|
£712,144
|
| Water
Accounts |
|
|
|
| Total accounts dealt with |
41,984
|
28,160
|
13,824
|
| Total amounts received |
£277,056
|
£152,809
|
£124,247
|
| Electricity
Accounts |
|
|
|
| Total accounts dealt with |
39,402
|
3,133
|
36,269
|
| Total amounts received |
£42,409
|
£2,676
|
£39,733
|
| Gas
Accounts |
|
|
|
| Total accounts dealt with |
33,871
|
-
|
33,871
|
| Total amounts received |
£58,895
|
-
|
£58,895
|
|
Number
of Branches
(excluding Head Office)
|
|
|
|
| Daily Branches |
32
|
22
|
10
|
| Other
Branches |
13
|
12
|
1
|
| Number of Staff |
159
|
119
|
40
|
(13) Extract from the Minutes of the General Purposes Sub-Committee (January 20th, 1930):
Salary of Assistant General Manager
Your
Sub-Committee have had under consideration the question of salary paid to Mr Ellison, Assistant General Manager. In 1925, when his
salary was reviewed, he was receiving a basic rate of £550, plus bonus of £176. 12. 2. It was then decided, with the approval of the
Salaries, Wages and Labour Committee, to increase Mr Ellison's salary by £150, making the basic rate £700. When salaries were consolidated
Mr Ellison was receiving salary and bonus amounting to £876. 12. 2. and it was decided to consolidate at £875 per annum, which is
his present remuneration. Your Sub-Committee feel that having regard to the position held by Mr Ellison and to the satisfactory manner
in which his duties are performed, he should receive a salary, as from the 1st April next, of £1,000 per annum, and they recommend
accordingly.
Salary of General Manager
Your Sub-committee have also given consideration to the remuneration paid to the
General Manager, Mr J P Hilton, whose salary they consider is neither commensurate with his responsibilities nor with the progressive
development of the Bank.
In 1926, the Bank Committee desired to grant Mr Hilton an immediate increase of £150 and a further increase
of £150 as and from April 1927. The Salaries, Wages and Labour Committee, however, only approved of an increase of £150 for April,
1926, which was to apply for two years. In 1928, an application to grant the deferred £150 was made and approved by the Salaries,
Wages and Labour Committee, bringing Mr Hilton's salary up to £1,500, which figure the Bank Committee had in mind in 1926. Your Sub-Committee
feel that the increased responsibilities of the General Manager consequent upon the growth of the Bank, and the general efficiency
of the organisation, merit higher remuneration than the existing figure; namely, £1,500 per annum; and having regard to these considerations
and to the relationship between his present salary and the proposed salary for the Assistant General Manager, your Sub-Committee recommend
that, subject to the approval of the Salaries, Wages and Labour Committee, the salary of Mr J P Hilton should be fixed at £1,650 as
from the 1st April next; it being understood that a further increase shall not be considered before 1932.
J P Hilton & F Ellison
(1933)