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A History of Banks for Savings in Great Britain and Ireland

Note 164 — Chapter VIII

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Mr. Gladstone to Mr. Sikes, 30th November, 1859.

"Dear Sir,—I have read with much interest your tract on Post Office Savings Banks, and have discussed the subject with Sir A. Spearman, who has also had some communication with the Post Office authorities.

"The difficulties are very serious, chiefly in connexion with the question of interest and the mode of account for it.

"At the same time there is so much of promise in the plan on the face of it, that we are unwilling to let it drop without a most careful examination.

If you are likely to be in London, or were disposed to come hither, personal communication on details might be of advantage. Sir A. Spearman would be most ready to see you for the purpose of entering into them fully, and I should be very desirous myself to give any aid in my power at the proper time.

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