Note 182 — Chapter IX
Reading edition
This Transfer was settled in November, 1863. The trustees and managers at a special meeting deliberated whether or not to carry on the Bank under the increased responsibility imposed on trustee by the 11th clause of the Consolidation Act (1863), or to empower the managers to transfer the deposits to the Post Office Savings Banks. They resolved by a majority of two to take the latter step, and the transfer was made immediately afterwards.