Union Bank of Scotland (Limited)
INTERVIEW WITH ROBERT BLYTH, GENERAL MANAGER[164]
Q. When was the Union Bank of Scotland (Limited) founded?
A. In 1830.
Q. When does your present charter expire?
A. The bank has no charter expiring at any specified time. It is incorporated under the companies acts.
Q. Have the obligations of the bank to the public or to the Government been changed from time to time?
A. The liability of the shareholders was formerly unlimited, but when the bank became registered under the companies act, 1879, the liability of the shareholders—unless in respect of notes—was limited to the amount of the uncalled capital.
Q. The tendency is for the consolidation of banking in Great Britain, is it not?
A. It is, but this tendency set in at a much earlier period in Scotland than it has done in England.