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Full text of "War-time financial problems"

AMALGAMATION'S  PROGRESS

79

MOVEMENT OF ENGLISH JOINT-STOCK BANK DEPOSITS, ETC.,

SINCE  l886.


	
	
	i
		

December 3»st,
	No, of Banks,
	Number of Branches.
	Capital Paid up.
	Deposit and Current Accounts,
	Total Liabilities,

1885
	log
	^.547
	£38,468,000
	^99,195,000
	£376,808,000

1891
	106
	2*245
	43,406,000
	391,842,000
	486,632,000

1896
	94
	3.051
	45,203,000
	495.233,°°°
	599,5*8,ooo

1901
	74
	3,935
	46,631,000
	584,841,000
	698,150,000

1906
	55
	4,840
	48,122,000
	647,889,000
	782,353,000

1911
	44
	5.417
	47,265,000
	748,641,000
	885,069,000

1916
	35
	5,993
	48,237,000
	1,154,877,000
	1,316,220,000

This table is taken from the annual banking
numbers of the Economist. It will be noticed that
in 1886 there were in England 109 joint-stock banks
with 1547 offices, whose accounts were tabulated
in the Economist's annual review. Their total paid-
up capital was 38! millions, their deposit and
current accounts were just tinder 300 millions, and
their total liabilities were 377 millions. In the
course of thirty years the 109 banks had shrunk by
the process of amalgamation and absorption to
thirty-five, that is to say, they had been divided
by three ; the number of their offices, however, had
been multiplied by nearly four, while their deposit
accounts had grown from 300 millions to 1155, and
their total liabilities from 377 to 1316 millions. By
the amalgamations announced at the end of 1917,
and that of the County of Westminster with Parr's
announced on February ist, the number of joint
stock banks will be reduced to 32. The picture
would be still more striking if the figures of the