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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https://paperspast.natlib.govt.nz/newspapers/EP19330727.2.19
Bibliographic details
Evening Post, Volume CXVI, Issue 23, 27 July 1933, Page 4
Word Count
80SCOTLAND'S BANKS Evening Post, Volume CXVI, Issue 23, 27 July 1933, Page 4
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