Birmingham Corporation Housing Bonds
The Bank's initial Report to the City Council, followings its first seven months of trading to March 31st 1920, contained the following
paragraph:
Housing Bonds:
Your Committee placed the services of their staff and use of the various Branches of the Bank at the
disposal of the City Treasurer for business in connection with the issue of Housing Bonds, and an arrangement was made by the Treasurer
whereby the interest coupons can be cashed on maturity at the Head Office of the Bank or its Branches.
Subsequent Reports detailed
the number of Housing Bond Interest Coupons that were cashed at the Bank's counters (see below), until the 1927 Report stated that
.... The cashing of Interest Coupons .... has now ceased, the City Treasurer dealing with the remaining bond-holders by way of interest
warrants.
|
1922
|
4,669
|
|
1923
|
4,117
|
|
1924
|
4,440
|
|
1925
|
4,471
|
|
1926
|
3,233
|