Token - Trustee Savings Bank Week

Reverse

Castle in Elipse lettering below.

Script: Latin

Lettering:
TRUSTEE SAVINGS
BANK WEEK
1960

Edge

Plain

Comment

Found also in New Zealand and Australia. Listed in Carlisle.

Henry Duncan FRSE (8 October 1774 – 12 February 1846) was a Scottish minister, geologist and social reformer. The minister of Ruthwell parish church in Dumfriesshire, he founded the world's first commercial savings bank. He was also an author, publisher and philanthropist.

The first savings bank was instituted at Ruthwell in 1810, and Duncan was unceasing in his efforts to promote the cause throughout the country. His influence was used to procure the first act of parliament passed to encourage such institutions. By speeches, lectures, and pamphlets he made the cause known far and wide. The scheme readily commended itself to all intelligent friends of the people, and the growing progress and popularity of the movement have received no check to the present day. Great though his exertions were, and large his outlay in this cause, he never received any reward or acknowledgement beyond the esteem of those who appreciated his work and the spirit in which it was done.

In 1810 Duncan opened the world's first commercial savings bank, paying interest on its investors' modest savings. The bicentenary of this event was celebrated with a conference held by the Centre for Theology and Public Issues at the University of Edinburgh. Speakers investigated Duncan's legacy in light of current social, financial, and religious dynamics. The Savings Bank Museum tells the story of early home savings in Britain.
Wikipedia

Price

Values in the table are based on evaluations by sales realized on Internet platforms. They serve as an indication only for Token - Trustee Savings Bank Week 1960 1960 item.