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Transfer of Solihull Mortgages - 1937

The Bank's General Manager (J P Hilton, left) hands over a cheque on January 12th 1937 for 173,751 to Solihull Urban District Council's Accountant (G H Budd) to purchase the Council's mortgage book. The amount of the cheque was recorded in the caption to the original photograph, but in a report to Birmingham City Council the Bank's Committee of Management stated that the mortgages transferred from Solihull numbered 466, representing an outstanding sum of 178,145 8s 3d. A newspaper report stated that 453 mortgages has been transferred

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