Bank Committee: April 24th 1933
4717 The following report of the General Purposes Sub-Committee was presented:
Proposed
Branch Bank at Solihull.
Your Sub-Committee report that the Solihull Urban District Council have agreed to the branch or branches
of the Bank being established in their area on similar terms and conditions to those arranged with the Oldbury Urban District.
It
is recommended that the Town Clerk be instructed to embody the terms and conditions in a suitable communication as in the case of
Oldbury, and that the General Manager be instructed to take steps with a view to the establishment of a branch or branches of the
Bank in the Solihull area.
4718 RESOLVED:- That the Town Clerk be instructed to intimate to the Solihull Urban District
Council in a suitable communication that the Corporation are prepared to establish a branch or branches of the Municipal Bank in the
area of the District Council on similar terms and conditions as apply in the case of Oldbury; and that the General Manager be instructed
to take the necessary steps with this object in view.
Bank Committee: May 15th 1933
On Minute No 4718 (Proposed Branches
at Solihull) the Town Clerk submitted the following report and correspondence as to the consent of the Solihull Urban District Council:
Report
of the Town Clerk.
May 12th 1933
re: Minute No 4718
I have to report that, as instructed by Minute No 4718, I have
communicated with the Clerk to the Solihull Urban District Council, who has forwarded me a copy of the Resolution of that Council
consenting to the establishment of the Branch of the Bank in the area of the Urban District on the same terms and conditions as apply
in the case of Oldbury. Copies of the letter and resolutions are annexed to this Report.
It will now be competent for your Committee
to take steps accordingly.
Letter from the Clerk of Solihull Urban District Council to Birmingham's Town Clerk.
May 1st
1933.
Dear Sir,
Birmingham Municipal Bank
Branches in Solihull.
I am in receipt of your letter of the 28th ultimo with
reference to the consent by the above-mentioned Council to the establishment by your Corporation of a branch of the Birmingham Municipal
Bank in the Solihull Urban District Council, and enclose herewith copy of the resolution passed by the Council at their last Meeting,
from which you will observe that their consent has already been given upon the terms set out in your letter.
Yours faithfully,
Chas
H Cook
SOLIHULL URBAN DISTRICT COUNCIL
Extract from Minutes of a Meeting of the Urban District Council of Solihull held
on the 4th April, 1933.
REPORT OF FINANCE AND GENERAL PURPOSES COMMITTEE.
The Report of the Finance & General Purposes
Committee was submitted as follows:
(a) BRANCH OF BIRMINGHAM MUNICIPAL BANK.
Your Committee have had under consideration
a letter which has been received from the Manager of the Birmingham Municipal Bank stating that the Secretary of the Birmingham Water
Department has received a request from the Solihull and District Chamber of Trade for an office to be opened for the receipt of water
rates or other facilities for payment of those rates locally, and he had no doubt that his Committee would be prepared to make the
provision through the medium of the Branch Bank and that in accordance with the provisions of the Birmingham Corporation Act, 1929,
Branch Banks can be established in the area of an adjoining local authority at the request or with the consent of such authority.
After having had an interview with the Manager on the subject, and being of opinion that it would be in the best interests of the
residents we recommend that the consent of the Council be given to the establishment of the Branch Bank upon the following conditions
being observed with regard thereto:
1. A branch of the Birmingham Municipal Bank to be provided in Solihull by the Corporation
at their own expense and the security of depositors to be guaranteed by the Corporation. The depositors in every respect to receive
treatment and facilities equal to those enjoyed in the Birmingham branches.
2. In the event of this Council or their successors acquiring or desiring to acquire powers themselves to establish and maintain the savings Bank the Corporation not to oppose the acquisition or execution of such powers, and any question of the transfer of branch bank premises in Solihull to be dealt with on terms to be mutually agreed, it being understood that the rights of depositors to withdraw their deposits or transfer the same to any other branch of the Municipal Bank not to be prejudiced.
3. A proportion of the deposits in the local branch to be available for loan by the
Corporation to this Council or their successors by way of mortgage on favourable terms; the determination of the proportion of the
deposits and of the terms of the loan to be agreed upon from time to time between the Corporation and this Council.
The Chairman
of the Committee moved:
(a) BRANCH OF BIRMINGHAM MUNICIPAL BANK
That the consent of the Council be given to the establishment
of a Branch of the Birmingham Municipal Bank in this District upon the conditions enumerated therein being observed.
The motion
was seconded by Councillor F J Ward and upon being put to the Meeting 15 voted in favour and 5 against which was declared carried.
Letter
from Birmingham's Town Clerk to C H Cook, Clerk to Solihull Council:
26th April, 1933
Dear Sir,
Birmingham Municipal
Bank
Branches in Solihull.
I understand that your Council are willing to give their consent under the provisions of Section 57
of the Birmingham Corporation (General Powers) Act, 1929 to the establishment by this Corporation in the Urban District of Solihull
of the Branch or Branches of the Birmingham Municipal Bank under the powers conferred by the before-mentioned Section, in which event
the position represented by the following paragraphs will be observed and maintained by this Corporation:
1. A branch or branches
of the Birmingham Municipal Bank in Solihull will be provided by this Corporation at their own expense, and the security of depositors
will be guaranteed by this Corporation. The depositors in the Solihull branches will in every respect receive treatment and facilities
equal to those enjoyed by depositors in the Birmingham branches.
2. In the event of the Urban District Council or their successors
acquiring or desiring to acquire powers themselves to establish and maintain a savings bank this Corporation will not oppose the acquisition
or execution of such powers, and any question of the transfer of branch bank premises in Solihull established by Birmingham will be
dealt with on terms to be mutually agreed, it being understood that the rights of depositors to withdraw their deposits or transfer
the same to any other branch of the Birmingham Municipal Bank will not be prejudiced.
3. A proportion of the deposits in the
Solihull branch or branches will be available for loan by this Corporation to the Urban District Council or their successors by way
of mortgage on favourable terms; the determination of proportion of the deposits and of the terms of the loan to be agreed from time
to time between this Corporation and the Urban District Council.
The above-mentioned terms and conditions are the same in every
respect as apply to the Oldbury Urban District Council, where a Branch of the Bank is already established.
In case you have not
a copy I enclose herewith copy of Part III of the Birmingham Corporation Act, 1919, and of Part X of the Birmingham Corporation (General
Powers) Act, 1929. I also enclose a print of the Regulations of the Bank.
No doubt you will agree that, in view of this letter,
it will be sufficient for the purpose of recording the position if your Council pass a resolution of consent upon the understanding
set out above.
Yours faithfully,
Town Clerk.
4739 RESOLVED:- That the foregoing report of the Town
Clerk be approved and that the General Manager be instructed to obtain a report from Mr Wilde upon certain premises which the General
Purposes Sub-Committee had that morning inspected.
General Purposes Sub-Committee: December 18th 1933
Branches in Area of
Solihull UDC.
Your Sub-Committee are of opinion that it would be desirable to rent suitable premises in the centre of Solihull
with the object of opening a branch there early in the New Year, if possible simultaneously with the opening of the premises secured
for the purpose of a branch at Shirley.
The General Manager has been instructed to cause further enquiries to be made for premises
at Solihull accordingly and also to consult with the Chairman and Clerk to the Solihull Urban District Council regarding an official
ceremony for the opening of the branch at Shirley.
The General Manager stated that he was not altogether satisfied that the days
fixed for the opening of the Shirley Branch would be the most suitable for the district, and it was accordingly: