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A History of Banks for Savings in Great Britain and Ireland

Note 165 — Chapter VIII

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"The Council of the Statistical Society of Dublin having had under their consideration the plan of Post Office Savings Banks proposed by Mr. C. W. Sikes of Huddersfield, desire to record their entire approval of the principles of his plan, and consider it to be specially applicable to Ireland, where a well-founded feeling of distrust in Savings Banks as now constituted has been produced by its being demonstrated that the depositors have not Government security for their money. That the Council believe that Post Office Savings Banks with perfect Government security would be very successful in Ireland, and could be readily managed with a central Savings Bank in Dublin, as Government Stock is transferable in the Bank of Ireland. That the Council direct the Secretary to bring these resolutions under the consideration of the Chief Secretary for Ireland, with a view to their being transmitted by him to the Chancellor of the Exchequer. By order,

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