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SCOTLAND'S BANKS

The last bank failure in Scotland occurred in 1878. ■ '■

The basic' banking law of Scotland was passed in 1845, and since that date no new-bank has been established, and the- ninety-five banking houses then in existence have been reduced to eight. Restriction of the note issue privilege to the banks having that right in 1545 tended to develop branch banking until in 1932 the eight banks had 1808 branches in Scotland, or one banking office per 2666 people.

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Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/EP19330727.2.19

Bibliographic details

Evening Post, Volume CXVI, Issue 23, 27 July 1933, Page 4

Word Count
80

SCOTLAND'S BANKS Evening Post, Volume CXVI, Issue 23, 27 July 1933, Page 4

SCOTLAND'S BANKS Evening Post, Volume CXVI, Issue 23, 27 July 1933, Page 4