The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-09-16
BANKING IN IRELAND.
INTERESTING FIGURES FUR
NISHED BY DUBLIN CONSUL.
Considerable Growth in Deposits and
Cash Balances in the Course Of a
Year-Postoflce and Trust Funds.

WASHINGTON, Sept. 16.-Consul Alfred
X. Moe, of Dublin, reports that the annual
Irish statement on banking shows an IN
creased business in the island during the
year 1906. To show the financial condition
he says that 1t Is Sufficient to give the
following general resume:
The deposits and cash balances in the
joint stock banks at the close of December
1906. stood at 1898. 149, las, exclusive Of SlO,-
32l,8 64 government and other public bal
ances in the Bank of Ireland, as COM
pared with 1920, sos, IT'S at the corresponding
period In the year 1906, being an increase
of $12,054, 800. These figures are of consid-
cradle interest as indicating the growth
of the operations and influence of banking
in Ireland. They do not, however, in them
selves prove the growth of met savings.
Such a growth and its extent could only
be determined by a complete account or
savings on the one han and Indebtedness
on the other. says the statistician. But
for this account the necessary data are not
available.
The estimated balances in the postofhce
savings banks in Ireland amounted TO
$51, 526, 502. as compared with $40, fs4,zso on
December 81, 1905. being an increase OF
81, 742, POI. The balances In the trustee saw
ings banks amounted at the close OF the
year 1906 to $12, 17, S52, being an increase
over the previous year of Sl26, 629
1t will be seen that the total amount IN
postoffice and trustee banks in ireland In
December, 1906, was $6S, 634, 3o4, as COM
pared with SCI, 765, 61S for the corresponding
period of the year 1905. There was thus an
increase of 81, 1868, 736 in the year 1906, as
compared with an increase of $1,S97,9So IN
the year 1905. The total OF the balances
In the savings banks Is the highest amount
of which there is record. Another interest
ing asnact of the small savings problem Is
illustrated by the number of accounts
opened in these two classes of savings
banks at the end of 1905, when
the number recorded was $3.50 de-
positors in the trustee savings banks
and 4S4, 80 In the postoffice savings banks,
or p total for Ireland of 557.9S s In the
case of postofice savings banks the num-
Der of depositors has more than trebled In
the course Of twenty years.
On December 81 last the total amount OF
government funds, India stocks, guaran-
teed land stocks, guaranteed "a per cent,
stock, and war stock, on which dividends
are payable at the Bank of ireland, was
$780, 22, S17, or SO, POI, 02S over the amount fol-
the close of the year 1905, and s61, 1898, 30 in
excess of that for December, 1887, the last
year in which a decline in the amount OF
these securities Is shown. With reference
to these increases 1t Is to be noted that
the amount of guaranteed land stock for
December 81 last was SCI 1888. ATT, against
$63, 1S6, 636 for the corresponding day of the
preceding year and $64, 49,, SOB for the last
day of 1904, and that war stock amounted
to 81, T5, ia on December 81, 1906, against
81, 666, S42 on December 81, 1905.
The figures for the year 1905 show an ey-
pansion in the bank note circulation. TIL
Der 1906, was s32. 211. 1858, as against $50. 1SS, 23s
for 1905, showing an increase of 81, 073, 129A