AI Summary of Schedule 4 Maximum Amounts Of Consolidated Bank Notes Which May Be Outstanding With The Associated Banks Respectively
The table summarises the maximum amounts of consolidated bank notes for various associated banks in Ireland, as mandated by the relevant Act. It details allocated amounts for specific periods, starting from the date of enactment up to 31st December 1953.
Each bank, including leading institutions such as the Bank of Ireland and the Northern Bank Limited, has specified limits that decrease progressively across the triennial periods. This framework demonstrates a structured approach to regulate currency circulation, ensuring financial stability and compliance with prevailing banking regulations.
Schedule 4 Maximum Amounts Of Consolidated Bank Notes Which May Be Outstanding With The Associated Banks Respectively
| Maximum Amount Of Consolidated Bank Notes | |||||
|---|---|---|---|---|---|
| Ref. No. | Name of Associated Bank | In the period from the day after the date of the passing of this Act to the 31st December, 1944 | In the triennial period ending on 31st December, 1947 | In the triennial period ending on 31st December, 1950 | In the triennial period ending on 31st December, 1953 |
| (1) | (2) | (3) | (4) | (5) | (6) |
| £ | £ | £ | £ | ||
| 1 | The Bank of Ireland. | 1,286,000 | 965,000 | 643,000 | 322,000 |
| 2 | The Hibernian Bank, Limited (The Governor and Company of the Bank of Ireland). | 550,000 | 413,000 | 275,000 | 138,000 |
| 3 | The Munster & Leinster Bank, Limited (Allied Irish Banks Limited). | 900,000 | 675,000 | 450,000 | 225,000 |
| 4 | The National Bank of Ireland Limited (The Governor and Company of the Bank of Ireland). | 1,141,000 | 856,000 | 571,000 | 286,000 |
| 5 | The Northern Bank Limited (Northern Bank (Ireland) Limited). | 160,000 | 120,000 | 80,000 | 40,000 |
| 6 | The Provincial Bank of Ireland, Limited (Allied Irish Banks Limited). | 555,000 | 417,000 | 278,000 | 139,000 |
| 7 | The Royal Bank of Ireland, Limited (Allied Irish Banks Limited). | 273,000 | 205,000 | 137,000 | 69,000 |
| 8 | The Ulster Bank, Limited. | 319,000 | 240,000 | 160,000 | 80,000 |