308:
618:
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
697:
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 The last Welsh bank notes were withdrawn from circulation in 1908 by the North and South Wales Bank, when it was taken over by the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.
494:
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
513:
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
421:
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.
525:
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.
731:
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
353:"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!”
571:
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:
599:
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.
362:
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.
393:"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"
740:“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”
370:
A provisional committee of
Liverpool merchants, manufacturers and businessmen appointed a deputation to visit Welsh towns and London for interviews with leaders of the
719:
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.
506:
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.
932:
913:
611:
the selection and training of staff and the efficiency of book-keeping systems were given high priority in comparison with other country banks.
595:
1980s onwards: Dale Street (after merger of the two branches, the Dale Street branch previously having been a branch of another Liverpool bank).
552:
The town branches had many industrial, trading and shipping customers which balanced the agricultural business of the branches in North Wales,
530:
413:
Applications for shares exceeded the proposed allotment and the capital structure was altered to £600,000 in £10 shares with £7 10s paid up.
425:
In the first year of operations the bank had established 13 branches and 10 sub-branches, the furthest one being 100 miles from Liverpool.
860:
17:
885:
750:
499:
345:“extensive and important mining, manufacturing and agricultural districts comprised within the proposed sphere of operations"
956:
498:
The Wrexham branch was housed in the building where 43 High Street now stands and in 1861 it moved to 29 High Street. The
720:
713:. Lenders that print these notes must hold assets that are equivalent to the amount of notes they have in circulation.
211:
951:
632:
546:
432:
bank, which has 40 branches, many in North Wales led to eight of these branches being taken over by the bank.
545:
region and from the 1860s onwards it established 'town branches' and extended into new suburbs and into the
808:"The North and South Wales Bank 1836-1908, the 150th anniversary of Midland Bank's forerunners in Wales"
685:
After the merger the branches and staff of the bank became part of the much larger Midland network.
636:
410:
Sir Love Parry Price Parry, Ambrose Lace and John Dean Case were appointed trustees of the bank.
864:
307:
694:
679:
379:
341:
was issued offering shares of £20, with £10 paid up, and calling attention to the needs of:
338:
8:
608:
286:
705:
Only seven banks still retain the rights to print their own notes, all of which are in
436:
386:
195:
261:
Sir Love Parry Price Parry, Ambrose Lace and John Dean Case as trustees for investors
161:
710:
662:
led to a decision to merge with Midland Bank. At the time of the merger the bank’s
472:
247:
807:
823:
Morgan, T.O., (1848), New Guide to Aberystwyth and its Environs, mentioned, p. 13
733:
699:
675:
663:
655:
39:
651:
615:
440:
276:
299:
945:
667:
659:
47:
401:"proceed to such places as they may think proper with a view to open banks”
582:
563:
In November 1908, the bank had a total of 84 branches and 24 sub-branches.
503:
491:
480:
329:
in 1836 and was originally located in premises in James Street, Liverpool.
899:
727:“denied an opportunity to be treated as an equal nation within the UK”.
716:
693:
In the 19th century, most private banks issued their own bank notes. The
487:
841:
Anon, (1874), Morgan's New Guide to Aberystwyth and Neighbourhood, p. 16
643:
557:
542:
464:
448:
429:
223:
479:
was opened on 19 September 1836. These eleven branches became part of
647:
444:
326:
148:
92:
706:
671:
553:
460:
452:
371:
185:
650:
of 17'/2%, the business subsequently declined. In particular, the
802:
800:
798:
796:
794:
792:
790:
788:
786:
515:
476:
468:
181:
70:
784:
782:
780:
778:
776:
774:
772:
770:
768:
766:
635:
who was the chairman of Midland Bank and its managing director (
628:
519:
483:
from 1908, helping to establish their branch network in Wales.
456:
375:
129:
590:
1908 to 1980s: 62 Castle Street (as a branch of Midland Bank);
428:
The collapse of the Northern & Central Bank of England, a
389:
and a good strong horse" and were sent throughout Wales with:
763:
320:
235:
723:, the party’s Treasury spokesman, said that Wales had been:
510:
173:
Sir Love Parry Price Parry, Ambrose Lace and John Dean Case
103:
Sir Love Parry Price Parry, Ambrose Lace and John Dean Case
933:"The Telegraph: Wales should have its own banknotes again"
639:). He was a leading figure in bank mergers of the period.
536:
627:
In November 1908 the bank merged with Midland Bank. The
365:
241:
84 branches and 24 sub-branches, deposits of £11 million
853:
416:
698:
After that Wales could only use notes issued by the
900:"Rhyl History Club: The North and South Wales Bank"
861:"The Buildings of Wrexham, High Street, north side"
566:
614:The large number of managers and clerks using the
906:
886:"J D Wetherspoon: The North and South Wales Bank"
447:were all opened on 30 May 1836. The branches at
943:
927:
925:
923:
892:
475:was opened on 9 August 1836 and the branch at
878:
920:
531:Grosvenor Club and North and South Wales Bank
914:"Llangollen: The North and South Wales Bank"
463:was opened on 1 July 1836. The branches at
471:were opened on 4 July 1836. The branch at
459:was opened on 27 June 1836. The branch at
455:were opened on 8 June 1836. The branch at
576:from establishment to 1873: James Street;
385:These deputations were equipped with "a
306:
753:The North and South Wales Bank, Wrexham
537:Establishment of branches in Merseyside
529:In Chester the branch was known as the
14:
944:
850:Samuel, David, Cambrian News, 5.6.1903
541:The bank became a leading bank in the
349:The prospectus went on to state that:
366:Provisional committee and deputations
332:
721:Jonathan Edwards (Welsh politician)
24:
417:Establishment of branches in Wales
25:
968:
744:
502:was opened in 1905, and became a
405:
311:60 & 62 Castle Street in 2018
567:Further development in Liverpool
844:
835:
832:Aberystwyth Observer, 9.1.1864
826:
817:
633:Sir Edward Holden, 1st Baronet
547:Metropolitan Borough of Wirral
397:the deputations were also to:
316:The North and South Wales Bank
13:
1:
757:
688:
602:
957:Companies based in Liverpool
646:between 1868 and 1895, with
7:
642:Although the bank had been
10:
973:
56:North and South Wales Bank
31:North and South Wales Bank
18:North and South Wales Bank
622:
607:Under the management of
581:from 1873 onwards :
357:
295:
285:
275:
265:
257:
245:
233:
221:
209:
201:
191:
177:
167:
155:
143:
135:
125:
107:
99:
76:
66:
45:
35:
500:branch at 14 High Street
682:) were £7'/2 millions.
637:chief executive officer
585:(until the 1908 merger)
495:Midland Bank occurred.
378:of Wales and the Welsh
113:; 188 years ago
82:; 213 years ago
952:Defunct banks of Wales
742:
729:
486:The bank took over an
403:
395:
355:
347:
312:
27:Former bank in England
738:
725:
695:Bank Charter Act 1844
680:negotiable instrument
674:were £11 million and
399:
391:
380:Members of Parliament
351:
343:
310:
139:Midland Bank and HSBC
609:George Rae (banker)
318:(also known as the
267:Number of employees
111:10 August 1836
80:1 October 1810
32:
313:
196:financial services
30:
631:was initiated by
333:Shares prospectus
305:
304:
162:Wales and England
16:(Redirected from
964:
937:
936:
935:. February 2016.
929:
918:
917:
910:
904:
903:
896:
890:
889:
882:
876:
875:
873:
872:
863:. Archived from
857:
851:
848:
842:
839:
833:
830:
824:
821:
815:
814:
812:
804:
711:Northern Ireland
676:advance payments
473:Mold, Flintshire
435:The branches at
325:) was formed in
300:HSBC our history
250:
238:
212:Operating income
121:
119:
114:
95:, United Kingdom
90:
88:
83:
33:
29:
21:
972:
971:
967:
966:
965:
963:
962:
961:
942:
941:
940:
931:
930:
921:
912:
911:
907:
898:
897:
893:
884:
883:
879:
870:
868:
859:
858:
854:
849:
845:
840:
836:
831:
827:
822:
818:
810:
806:
805:
764:
760:
751:J D Wetherspoon
747:
734:Financial Times
700:Bank of England
691:
670:were £512,000,
664:paid-in capital
656:cotton industry
625:
605:
569:
539:
437:Bishop's Castle
419:
408:
368:
360:
335:
268:
246:
234:
226:
214:
170:
158:
151:
117:
115:
112:
86:
84:
81:
62:
50:
40:Private company
28:
23:
22:
15:
12:
11:
5:
970:
960:
959:
954:
939:
938:
919:
905:
891:
877:
852:
843:
834:
825:
816:
761:
759:
756:
755:
754:
746:
745:External links
743:
690:
687:
666:was £750,000,
652:business cycle
624:
621:
616:Welsh language
604:
601:
597:
596:
592:
591:
587:
586:
578:
577:
568:
565:
538:
535:
509:The branch in
441:Newtown, Powys
418:
415:
407:
406:First trustees
404:
367:
364:
359:
356:
334:
331:
303:
302:
297:
293:
292:
289:
283:
282:
281:not applicable
279:
273:
272:
269:
266:
263:
262:
259:
255:
254:
251:
243:
242:
239:
231:
230:
227:
222:
219:
218:
215:
210:
207:
206:
203:
199:
198:
193:
189:
188:
179:
175:
174:
171:
168:
165:
164:
159:
156:
153:
152:
147:
145:
141:
140:
137:
133:
132:
127:
123:
122:
109:
105:
104:
101:
97:
96:
78:
74:
73:
68:
64:
63:
61:
60:
57:
53:
51:
46:
43:
42:
37:
26:
9:
6:
4:
3:
2:
969:
958:
955:
953:
950:
949:
947:
934:
928:
926:
924:
915:
909:
901:
895:
887:
881:
867:on 2019-04-06
866:
862:
856:
847:
838:
829:
820:
809:
803:
801:
799:
797:
795:
793:
791:
789:
787:
785:
783:
781:
779:
777:
775:
773:
771:
769:
767:
762:
752:
749:
748:
741:
737:
735:
728:
724:
722:
718:
714:
712:
708:
703:
701:
696:
686:
683:
681:
677:
673:
669:
668:bank reserves
665:
661:
660:Panic of 1907
657:
653:
649:
645:
640:
638:
634:
630:
620:
619:its methods.
617:
612:
610:
600:
594:
593:
589:
588:
584:
580:
579:
575:
574:
573:
564:
561:
559:
555:
550:
548:
544:
534:
532:
527:
523:
521:
517:
512:
507:
505:
501:
496:
493:
489:
484:
482:
478:
474:
470:
466:
462:
458:
454:
450:
446:
442:
438:
433:
431:
426:
423:
414:
411:
402:
398:
394:
390:
388:
383:
381:
377:
373:
363:
354:
350:
346:
342:
340:
330:
328:
324:
322:
317:
309:
301:
298:
294:
290:
288:
284:
280:
278:
274:
270:
264:
260:
256:
252:
249:
244:
240:
237:
232:
228:
225:
220:
216:
213:
208:
204:
200:
197:
194:
190:
187:
183:
180:
176:
172:
166:
163:
160:
154:
150:
146:
142:
138:
134:
131:
128:
124:
110:
106:
102:
98:
94:
79:
75:
72:
69:
65:
58:
55:
54:
52:
49:
44:
41:
38:
34:
19:
908:
894:
880:
869:. Retrieved
865:the original
855:
846:
837:
828:
819:
739:
730:
726:
715:
704:
692:
684:
641:
626:
613:
606:
598:
583:62 Castle St
570:
562:
551:
540:
528:
524:
522:red bricks.
508:
504:Wetherspoons
497:
492:Bank y Llong
490:bank called
485:
481:Midland Bank
434:
427:
424:
420:
412:
409:
400:
396:
392:
384:
369:
361:
352:
348:
344:
336:
319:
315:
314:
248:Total equity
236:Total assets
144:Headquarters
36:Company type
736:, he said:
717:Plaid Cymru
678:and bills (
488:Aberystwyth
157:Area served
946:Categories
871:2019-06-15
758:References
689:Bank notes
644:profitable
603:Reputation
558:Shropshire
543:Merseyside
518:stone and
465:Caernarfon
449:Llanfyllin
430:Manchester
339:prospectus
224:Net income
169:Key people
118:1836-08-10
87:1810-10-01
59:Bank Wales
648:dividends
445:Welshpool
327:Liverpool
287:Divisions
149:Liverpool
136:Successor
93:Liverpool
48:Traded as
707:Scotland
672:deposits
658:and the
554:Cheshire
461:Llanrwst
453:Oswestry
372:nobility
192:Services
186:deposits
178:Products
67:Industry
654:of the
516:Talacre
477:Wrexham
469:Chester
387:phaeton
296:Website
271:unknown
253:unknown
229:unknown
217:unknown
205:unknown
202:Revenue
182:lending
116: (
108:Defunct
100:Founder
85: (
77:Founded
71:banking
629:merger
623:Merger
520:Ruabon
457:Ruthin
376:gentry
358:Vision
277:Parent
130:Merger
811:(PDF)
321:Wales
258:Owner
709:and
556:and
511:Rhyl
467:and
451:and
443:and
374:and
323:Bank
291:none
126:Fate
439:,
91:in
948::
922:^
765:^
702:.
560:.
549:.
533:.
382:.
337:A
184:,
916:.
902:.
888:.
874:.
813:.
120:)
89:)
20:)
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