The Bank suffered another loss when Mr Hallas passed away on the 13th July, 1926. Although he had intimated on many occasions that
his health was not as he would like it to be, it was hoped that he would overcome his indisposition. Medical examinations, however,
indicated more serious trouble and he entered a nursing home where an operation was performed from which he did not recover.
following resolution was passed by the committee at their first meeting after the death of their colleague:
RESOLVED: That this committee
learn with deep regret of the death of Mr Eldred Hallas and record their high appreciation of the valuable services rendered by him
in connection with the inception and administration of the original Corporation Savings Bank, and as a member of the committee of
management of the present Municipal Bank.
They tender their respectful sympathy to Mrs Hallas and family in their bereavement.
full extent to which Birmingham is indebted to Mr Hallas in connection with the Municipal Bank cannot be estimated. When Mr Chamberlain
(as Lord Mayor) expressed his views to a gathering of trade union leaders, he found a very warm enthusiast in Mr Hallas, who lost
no time in preparing a rough scheme based on these views, which the Lord Mayor took up and fashioned into the scheme already referred
Mr Hallas possessed a brilliant mind which was always seeking further spheres of usefulness for the Bank; his oratorical
efforts were invaluable in starting the Bank in 1916. He had a magnificent voice for public speaking; he could, and did, sway thousands.
Day after day, night after night, he addressed gatherings of workers, explained the scheme, and exhorted them to "save now and smile
afterwards." How he managed to carry through so much work was a secret known only to himself.
Reading some of the speeches he
made in those early days, one cannot help being struck with the accuracy of his forecasts as to the conditions that would arise when
the war over. There is an uncanny similarity between prophesy and fulfilment.
Mr Hallas was a man of many talents, prepared to
place those talents at the disposal of his fellow men. Direct of speech - he did not care whether you agreed with him or not - he
was firm in his convictions, but big enough to admit the rights of an opponent to convictions also.
His services to the city
as a member of the Council for many years, and as a member of Parliament, were very valuable, but his services for those whose interests
he was more directly concerned with, viz, his fellow trade unionists, transcended all. Evidence of his labours for them was not lacking
at his funeral; one could see many trade unionists shedding tears as the last rites were performed. A chord had been struck more eloquent
One could not be in his presence long before realising that there was a Municipal Bank in Birmingham, for he insisted
on making the fact known. He always regarded it as the greatest friend the working man or woman could have; he visualised the time
when Birmingham would cease to pay "threepence for a penny cake."
The name of Eldred Hallas is enshrined on the records of the
Bank; the tablet on the wall of Balsall Heath branch will be a perpetual reminder of him. The Bank lives to-day, largely because of
his self-sacrifice in its early days. We were fortunate in having his powerful help; we shall treasure his memory; and we must see
to it that the fire of his enthusiasm is maintained.