Council Resolution 27,901: That, pursuant to the Birmingham Corporation Act, 1919, and of the Regulations and Rules made thereunder, the following persons be, and they are hereby, appointed to serve on the Bank Committee until the 9th November next, and to act as the Committee of Management for the Municipal Savings Bank, viz: Aldermen Bower, Lovsey and Simpson; Councillors Cooper, Daniels, Gelling, Hampson, Hume, Poole, Salt, Stanley, Stephens, and Wright.

The Bank Committee RESOLVED:

2492   That, subject to the confirmation of the City Council under Standing Order XX, Mr Alderman P Bower, MBE, JP, be elected Chairman of this Committee for the current municipal year

2494   That the ordinary meetings of this Committee be held on the third Monday in each month (except April, August and September) at 11:30am the date of the April meeting to be considered later.

The Chairman stated that he had conferred with Alderman Lovsey and Councillor Gelling on the question of the delegations to the sub-committees, and they were of opinion that in view of the increasing importance of propaganda work in connection with the Bank and also the rapid growth of the House Purchase Department that the functions of the Finance and House Purchase Sub-Committees should again be divided between two sub-committees. After consideration it was [resolved]:

2495   That three sub-committees be appointed to be known as the General Purposes, the Finance and the House Purchase Sub-Committees respectively.

2496   That the following members of the Committee be appointed to serve on the General Purposes Sub-Committee for the current municipal year, namely: Aldermen Bower, Lovsey and Simpson; Councillors Gelling, Hampson, Poole and Stephens, and that the following powers and duties be delegated to such Sub-Committee, subject to the confirmation of this Committee where necessary:

1. To deal with all appointments, and all questions relating to the salaries or wages of the staff.

2. To deal with reports of the Auditors of the Bank.

3. To deal with all questions relating to the purchase or renting of premises, or land, and the erection or adaptation of premises.

4. To deal with all questions of policy and other matters not delegated to another Sub-Committee.

2497   That the following members of this Committee be appointed to serve on the Finance Sub-Committee for the current municipal year, namely: Aldermen Bower and Lovsey, Councillors Gelling, Daniels, Hume and Salt, and that the following powers and duties be delegated to such Sub-Committee, subject to the confirmation of this Committee, where necessary:

1. To deal with all requisitions for supplies.

2. To deal with all accounts.

3. To deal with questions relating to propaganda and advertisements.

4. To deal with financial or statistical returns.

5. To consider the investment of the funds of the Bank, and make recommendations thereon.

6. To consider questions affecting insurances, and to make recommendations thereon.

7. Generally to deal with matters of a financial nature affecting the Bank not specially referred to another Sub-Committee.

2498  That the following members of this Committee be appointed to serve on the House Purchase Sub-Committee for the current municipal year, namely: Aldermen Bower and Lovsey; Councillors Cooper, Gelling, Stanley and Wright, and that the following powers and duties be delegated to such Sub-Committee, subject to the confirmation of this Committee where necessary:

To deal with matters relating to the House Purchase Department of the Bank.

2499   That Mr Councillor Gelling be nominated the representative of this Committee to serve on the General Purposes Committee of the City Council.