Banks of Issue in Scotland

1988-06-111998-05-301998-06-18Bank Notes (Scotland) Act 1845Coinage Act 1971TSO (The Stationery Office), St Crispins, Duke Street, Norwich, NR3 1PD, 01603 622211, customer.services@tso.co.uk551717SI7SI

An Account pursuant to the Bank Notes (Scotland) Act 1845, the Currency and Bank Notes Act 1928, and the Coinage Act 1971 of the Amount of Notes authorised by Law to be issued by the several Banks of Issue in Scotland, and the Average Amount of Notes in Circulation, and of Bank of England Notes and Coin held during the 4 weeks ended Saturday, 30th May 1998.

Average Circulation during 4 weeks ended as above Average amount of Bank of England Notes and Coin held during 4 weeks ended as above
Name and Title as set forth on Licence Name of Firm Approved Offices Circulation authorised by Certificate £ £5 and upwards Under £5 Total *Gold and Bank of England Notes Coin other than Gold Coin Total
Bank of Scotland The Governor and Company of the Bank of Scotland (Edinburgh) (Glasgow) 1,289,222 485,060.179 4,978,550 490,038,729 461,805,906 37,734,641 499,540,547
The Royal Bank of Scotland Ltd. The Royal Bank of Scotland Ltd. (Edinburgh) (Glasgow) 888,355 879,475,686 27,091,554 906,567,240 891,100,785 21,844,168 912,944,952
Clydesdale Bank Ltd. Clydesdale Bank Ltd. (Edinburgh) (Glasgow) 498,773 397,998,291 0 397,998,291 391,629,895 9,539,130 401,169,025
  I hereby certify that each of the Bankers named in the above Return, who have in circulation an amount of Notes beyond that authorised in their certificates have held an amount of Bank of England Notes and Gold and Coin other than Gold Coin not less than that which they are required to hold during the period to which this Return relates. J. Hilton, Registrar of Bank Returns   *This column includes Bank of England Notes deposited at the Bank of England which, by virtue of section 9(1) of the Currency and Bank Notes Act 1928, are to be treated as Gold Coin held by the Bank. 11th June 1988.