Report-1922

Annual Reports - 1922

For the year ending March 31st 1922, the Bank's Committee are able to report that the deficit incurred by the temporary Birmingham Corporation Savings Bank has now been paid off by the Birmingham Municipal Bank. In relation to premises, the Bank has now obtained its own section in the Council House (instead of sharing with the Water Department) and two permanent branches have been opened. Additionally, land has been purchased to enable the first purpose built branch (Handsworth) to be constructed. The report to the City Council gives a breakdown by amount of the 1,264 House Purchase loans made, and some statistics are also provided regarding the School Savings Scheme. A new scheme to enable Water bills to be paid at branches has been introduced - this scheme becomes very popular (not surprisingly, as the previous system basically required attendance at the Water Department in Edmund Street) resulting in a reduction of cashiers employed by the Water Department; some of them consequently transferred to the expanding Municipal Bank. A tentative scheme for the payment of Rates has commenced, but this scheme is destined not to run as smoothly initially.