297:
607:
was particularly distinctive. Graduates of the bank included (in addition to Rae) distinguished bankers such as R Meredith Jones, Liverpool manager between 1868 and 1894, and
Rowland Hughes, general manager between 1897 and 1908 and the bank owed much of its reputation to the quality of its staff and
686:
restricted this practice and only banks that issued notes before the implementation of the Act could do so and would lose the right on merger or takeover. The last Welsh bank notes were withdrawn from circulation in 1908 by the North and South Wales Bank, when it was taken over by the
Midland Bank.
483:
on 15 August 1836 and had a branch at New Street, Aberystwyth from about 1864 to 1885, the bank then moved to a building on the south side of Great
Darkgate Street and thereafter planned to move to a new building across the street, but while the new branch was under construction the takeover by
502:
operated from
February 1856 from old Bodfor House on the corner of Bodfor Street and Wellington Road. In 1880 the bank moved to premises in the Town Hall where they employed 10 clerks and it remained here until completion of a new building in 1900 made from locally quarried
410:
Upon formation the bank commenced taking over a number of private banks. In addition the bank started to establish branches in several towns in North Wales. In order to expand into South Wales a deputation was sent there to assess the potential for new branches.
514:
The
Llangollen branch was established in 1864. The elegant bank premises were built by Morris Roberts, who was responsible for several buildings in the town including the Town Hall and the National School. This bank was closed on 7 February 2014.
720:
He said that the issuance of Welsh banknotes “would put us on equal footing with the other nations”. The proposal would see a new private bank granted the power to issue its own notes for the first time in more than 170 years. Speaking to the
342:"proprietors of collieries, mining and smelting works are reduced to the necessity of doing most of their banking business out of the district, and in some instances, of submitting to the inconvenience of being their own bankers!”
560:
The strong commercial connection between
Liverpool and Wales, and the strength of Liverpool as a commercial centre meant that the bank remained permanently headquartered in Liverpool at the following locations:
588:
In 1901 the
Liverpool base was further strengthened when the bank acquired Leyland and Bullins, a banking firm with strong shipping and cotton trade connections which had been founded in 1807.
351:
The bank envisaged a branch system that would extend throughout Wales, despite the challenges concerning transport and communication, as there were no railways in Wales at this time.
382:"full powers to treat with any bank or bankers for the purchase of the business of their establishments and also for the appointment of any clerk or clerks they may think fit"
729:“The issuing of Welsh bank notes, I believe, would come as a much welcomed boost to Wales’ national character, her recognition as an equal nation and as an economic entity”
359:
A provisional committee of
Liverpool merchants, manufacturers and businessmen appointed a deputation to visit Welsh towns and London for interviews with leaders of the
519:
708:
has said that Wales should be given back the powers to create its own bank notes, in order to give the nation equal status with
Scotland and Northern Ireland.
495:
public house in 1999. It was built by
Woolfall and Eccles. The facade, of yellow sandstone with polished granite columns, is in a 'baroque palazzo' style.
921:
902:
488:
600:
the selection and training of staff and the efficiency of book-keeping systems were given high priority in comparison with other country banks.
584:
1980s onwards: Dale Street (after merger of the two branches, the Dale Street branch previously having been a branch of another Liverpool bank).
541:
The town branches had many industrial, trading and shipping customers which balanced the agricultural business of the branches in North Wales,
945:
402:
Applications for shares exceeded the proposed allotment and the capital structure was altered to £600,000 in £10 shares with £7 10s paid up.
414:
In the first year of operations the bank had established 13 branches and 10 sub-branches, the furthest one being 100 miles from Liverpool.
849:
709:
200:
874:
739:
940:
334:“extensive and important mining, manufacturing and agricultural districts comprised within the proposed sphere of operations"
621:
535:
487:
The Wrexham branch was housed in the building where 43 High Street now stands and in 1861 it moved to 29 High Street. The
702:. Lenders that print these notes must hold assets that are equivalent to the amount of notes they have in circulation.
296:
421:
bank, which has 40 branches, many in North Wales led to eight of these branches being taken over by the bank.
534:
region and from the 1860s onwards it established 'town branches' and extended into new suburbs and into the
625:
797:"The North and South Wales Bank 1836-1908, the 150th anniversary of Midland Bank's forerunners in Wales"
683:
668:
368:
327:
674:
After the merger the branches and staff of the bank became part of the much larger Midland network.
597:
275:
399:
Sir Love Parry Price Parry, Ambrose Lace and John Dean Case were appointed trustees of the bank.
375:
184:
425:
853:
150:
699:
461:
330:
was issued offering shares of £20, with £10 paid up, and calling attention to the needs of:
236:
722:
688:
664:
652:
644:
28:
694:
Only seven banks still retain the rights to print their own notes, all of which are in
640:
604:
429:
265:
934:
656:
648:
250:
Sir Love Parry Price Parry, Ambrose Lace and John Dean Case as trustees for investors
36:
651:
led to a decision to merge with Midland Bank. At the time of the merger the bank’s
571:
492:
480:
469:
796:
812:
Morgan, T.O., (1848), New Guide to Aberystwyth and its Environs, mentioned, p. 13
705:
476:
632:
546:
531:
453:
437:
418:
288:
212:
636:
433:
390:"proceed to such places as they may think proper with a view to open banks”
315:
137:
81:
552:
In November 1908, the bank had a total of 84 branches and 24 sub-branches.
318:
in 1836 and was originally located in premises in James Street, Liverpool.
888:
716:“denied an opportunity to be treated as an equal nation within the UK”.
695:
682:
In the 19th century, most private banks issued their own bank notes. The
660:
542:
449:
441:
360:
174:
830:
Anon, (1874), Morgan's New Guide to Aberystwyth and Neighbourhood, p. 16
504:
465:
457:
170:
59:
468:
was opened on 19 September 1836. These eleven branches became part of
617:
508:
445:
364:
118:
639:
of 17'/2%, the business subsequently declined. In particular, the
309:
295:
224:
791:
789:
787:
785:
783:
781:
779:
777:
775:
773:
771:
769:
767:
765:
763:
761:
759:
757:
755:
624:
who was the chairman of Midland Bank and its managing director (
499:
472:
from 1908, helping to establish their branch network in Wales.
579:
1908 to 1980s: 62 Castle Street (as a branch of Midland Bank);
417:
The collapse of the Northern & Central Bank of England, a
378:
and a good strong horse" and were sent throughout Wales with:
712:, the party’s Treasury spokesman, said that Wales had been:
162:
Sir Love Parry Price Parry, Ambrose Lace and John Dean Case
92:
Sir Love Parry Price Parry, Ambrose Lace and John Dean Case
922:"The Telegraph: Wales should have its own banknotes again"
628:). He was a leading figure in bank mergers of the period.
616:
In November 1908 the bank merged with Midland Bank. The
230:
84 branches and 24 sub-branches, deposits of £11 million
687:
After that Wales could only use notes issued by the
889:"Rhyl History Club: The North and South Wales Bank"
850:"The Buildings of Wrexham, High Street, north side"
284:
274:
264:
254:
246:
234:
222:
210:
198:
190:
180:
166:
156:
144:
132:
124:
114:
96:
88:
65:
55:
34:
24:
603:The large number of managers and clerks using the
875:"J D Wetherspoon: The North and South Wales Bank"
436:were all opened on 30 May 1836. The branches at
916:
914:
912:
464:was opened on 9 August 1836 and the branch at
520:Grosvenor Club and North and South Wales Bank
8:
903:"Llangollen: The North and South Wales Bank"
19:
452:was opened on 1 July 1836. The branches at
460:were opened on 4 July 1836. The branch at
448:was opened on 27 June 1836. The branch at
444:were opened on 8 June 1836. The branch at
18:
565:from establishment to 1873: James Street;
374:These deputations were equipped with "a
751:
742:The North and South Wales Bank, Wrexham
526:Establishment of branches in Merseyside
518:In Chester the branch was known as the
839:Samuel, David, Cambrian News, 5.6.1903
530:The bank became a leading bank in the
338:The prospectus went on to state that:
355:Provisional committee and deputations
7:
710:Jonathan Edwards (Welsh politician)
406:Establishment of branches in Wales
14:
491:was opened in 1905, and became a
300:60 & 62 Castle Street in 2018
556:Further development in Liverpool
821:Aberystwyth Observer, 9.1.1864
622:Sir Edward Holden, 1st Baronet
536:Metropolitan Borough of Wirral
386:the deputations were also to:
305:The North and South Wales Bank
1:
946:Companies based in Liverpool
635:between 1868 and 1895, with
631:Although the bank had been
962:
45:North and South Wales Bank
20:North and South Wales Bank
596:Under the management of
570:from 1873 onwards :
489:branch at 14 High Street
671:) were £7'/2 millions.
626:chief executive officer
574:(until the 1908 merger)
484:Midland Bank occurred.
367:of Wales and the Welsh
102:; 188 years ago
71:; 213 years ago
941:Defunct banks of Wales
731:
718:
475:The bank took over an
392:
384:
344:
336:
301:
16:Former bank in England
727:
714:
684:Bank Charter Act 1844
669:negotiable instrument
663:were £11 million and
388:
380:
369:Members of Parliament
340:
332:
299:
128:Midland Bank and HSBC
598:George Rae (banker)
307:(also known as the
256:Number of employees
100:10 August 1836
69:1 October 1810
21:
302:
185:financial services
620:was initiated by
322:Shares prospectus
294:
293:
151:Wales and England
953:
926:
925:
924:. February 2016.
918:
907:
906:
899:
893:
892:
885:
879:
878:
871:
865:
864:
862:
861:
852:. Archived from
846:
840:
837:
831:
828:
822:
819:
813:
810:
804:
803:
801:
793:
700:Northern Ireland
665:advance payments
462:Mold, Flintshire
424:The branches at
314:) was formed in
289:HSBC our history
239:
227:
201:Operating income
110:
108:
103:
84:, United Kingdom
79:
77:
72:
22:
961:
960:
956:
955:
954:
952:
951:
950:
931:
930:
929:
920:
919:
910:
901:
900:
896:
887:
886:
882:
873:
872:
868:
859:
857:
848:
847:
843:
838:
834:
829:
825:
820:
816:
811:
807:
799:
795:
794:
753:
749:
740:J D Wetherspoon
736:
723:Financial Times
689:Bank of England
680:
659:were £512,000,
653:paid-in capital
645:cotton industry
614:
594:
558:
528:
426:Bishop's Castle
408:
397:
357:
349:
324:
257:
235:
223:
215:
203:
159:
147:
140:
106:
104:
101:
75:
73:
70:
51:
39:
29:Private company
17:
12:
11:
5:
959:
957:
949:
948:
943:
933:
932:
928:
927:
908:
894:
880:
866:
841:
832:
823:
814:
805:
750:
748:
745:
744:
743:
735:
734:External links
732:
679:
676:
655:was £750,000,
641:business cycle
613:
610:
605:Welsh language
593:
590:
586:
585:
581:
580:
576:
575:
567:
566:
557:
554:
527:
524:
498:The branch in
430:Newtown, Powys
407:
404:
396:
395:First trustees
393:
356:
353:
348:
345:
323:
320:
292:
291:
286:
282:
281:
278:
272:
271:
270:not applicable
268:
262:
261:
258:
255:
252:
251:
248:
244:
243:
240:
232:
231:
228:
220:
219:
216:
211:
208:
207:
204:
199:
196:
195:
192:
188:
187:
182:
178:
177:
168:
164:
163:
160:
157:
154:
153:
148:
145:
142:
141:
136:
134:
130:
129:
126:
122:
121:
116:
112:
111:
98:
94:
93:
90:
86:
85:
67:
63:
62:
57:
53:
52:
50:
49:
46:
42:
40:
35:
32:
31:
26:
15:
13:
10:
9:
6:
4:
3:
2:
958:
947:
944:
942:
939:
938:
936:
923:
917:
915:
913:
909:
904:
898:
895:
890:
884:
881:
876:
870:
867:
856:on 2019-04-06
855:
851:
845:
842:
836:
833:
827:
824:
818:
815:
809:
806:
798:
792:
790:
788:
786:
784:
782:
780:
778:
776:
774:
772:
770:
768:
766:
764:
762:
760:
758:
756:
752:
746:
741:
738:
737:
733:
730:
726:
724:
717:
713:
711:
707:
703:
701:
697:
692:
690:
685:
677:
675:
672:
670:
666:
662:
658:
657:bank reserves
654:
650:
649:Panic of 1907
646:
642:
638:
634:
629:
627:
623:
619:
611:
609:
608:its methods.
606:
601:
599:
591:
589:
583:
582:
578:
577:
573:
569:
568:
564:
563:
562:
555:
553:
550:
548:
544:
539:
537:
533:
525:
523:
521:
516:
512:
510:
506:
501:
496:
494:
490:
485:
482:
478:
473:
471:
467:
463:
459:
455:
451:
447:
443:
439:
435:
431:
427:
422:
420:
415:
412:
405:
403:
400:
394:
391:
387:
383:
379:
377:
372:
370:
366:
362:
354:
352:
346:
343:
339:
335:
331:
329:
321:
319:
317:
313:
311:
306:
298:
290:
287:
283:
279:
277:
273:
269:
267:
263:
259:
253:
249:
245:
241:
238:
233:
229:
226:
221:
217:
214:
209:
205:
202:
197:
193:
189:
186:
183:
179:
176:
172:
169:
165:
161:
155:
152:
149:
143:
139:
135:
131:
127:
123:
120:
117:
113:
99:
95:
91:
87:
83:
68:
64:
61:
58:
54:
47:
44:
43:
41:
38:
33:
30:
27:
23:
897:
883:
869:
858:. Retrieved
854:the original
844:
835:
826:
817:
808:
728:
719:
715:
704:
693:
681:
673:
630:
615:
602:
595:
587:
572:62 Castle St
559:
551:
540:
529:
517:
513:
511:red bricks.
497:
493:Wetherspoons
486:
481:Bank y Llong
479:bank called
474:
470:Midland Bank
423:
416:
413:
409:
401:
398:
389:
385:
381:
373:
358:
350:
341:
337:
333:
325:
308:
304:
303:
237:Total equity
225:Total assets
133:Headquarters
25:Company type
725:, he said:
706:Plaid Cymru
667:and bills (
477:Aberystwyth
146:Area served
935:Categories
860:2019-06-15
747:References
678:Bank notes
633:profitable
592:Reputation
547:Shropshire
532:Merseyside
507:stone and
454:Caernarfon
438:Llanfyllin
419:Manchester
328:prospectus
213:Net income
158:Key people
107:1836-08-10
76:1810-10-01
48:Bank Wales
637:dividends
434:Welshpool
316:Liverpool
276:Divisions
138:Liverpool
125:Successor
82:Liverpool
37:Traded as
696:Scotland
661:deposits
647:and the
543:Cheshire
450:Llanrwst
442:Oswestry
361:nobility
181:Services
175:deposits
167:Products
56:Industry
643:of the
505:Talacre
466:Wrexham
458:Chester
376:phaeton
285:Website
260:unknown
242:unknown
218:unknown
206:unknown
194:unknown
191:Revenue
171:lending
105: (
97:Defunct
89:Founder
74: (
66:Founded
60:banking
618:merger
612:Merger
509:Ruabon
446:Ruthin
365:gentry
347:Vision
266:Parent
119:Merger
800:(PDF)
310:Wales
247:Owner
698:and
545:and
500:Rhyl
456:and
440:and
432:and
363:and
312:Bank
280:none
115:Fate
428:,
80:in
937::
911:^
754:^
691:.
549:.
538:.
522:.
371:.
326:A
173:,
905:.
891:.
877:.
863:.
802:.
109:)
78:)
Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
