A. The Royal Bank of Scotland has an account with the Bank of England, which has been in operation since 1728, and it collects bills and cheques for the Bank of England all over Scotland.
Q. Do you regard your system of currency issue as sufficiently elastic for your needs?
A. Yes; there never has been any difficulty. Moreover, no Scotch bank has ever failed to pay its creditors, including the holders of notes, in full.
Commercial Bank of Scotland (Limited)
INTERVIEW WITH ALEXANDER BOGIE, GENERAL MANAGER[162]
Q. When was the Commercial Bank of Scotland (Limited) founded?
A. In the year 1810.
Q. When does your present charter expire?
A. It is not limited in point of time.
Q. Has the Government any voice in the management of the bank or any interest in it through the ownership of shares?