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The Pamphlet Collection of Sir Robert Stout: Volume 14

Post Office Savings Banks (Commenced 1863) and Trustees' Banks

page 124

Post Office Savings Banks (Commenced 1863) and Trustees' Banks.

The following Table shows the amount of capital invested in both banks year by year, from 1863 to 1885. In a note to the Post Office return it is stated that the amount "Received" includes "Interest," which would seem to come more properly under the head of "Paid," unless it is left to fructify, and included in "Capital," as in the case of the Trustees' Banks. From this table it will be seen that in 1885 the Post Office Banks have at length outdistanced their competitors in the favour of the public, but that with all their advantages it should have taken the Government Banks 23 years to accomplish this speaks volumes for the prudent and enterprising management of the rival Trustee Banks.