Note 71 — Chapter V

This arrangement, which was quietly dropped before the bill became law, owing to the pressure which managers of Savings Banks brought to bear upon the House, was strongly urged by Mr. Tidd Pratt. That gentleman and Mr. Higham, Comptroller of the National Debt Office, prepared this bill. In the Committee of 1848, Mr. Pratt gave it as his opinion (140), that no depositor should be allowed to put in more than 10l. in one year, instead of 30l., or it might go to 15l.; but I am quite sure that this latter sum is as much as the small savings of the industrious classes can amount to. He also proposed to limit the total amount to 100l.