An enthusiastic and “very influential” (Williams) promotion piece for the general establishment of savings banks for the poor, including a detailed description of “a Society recently formed in a provincial town,” namely the “Provident Institution; or, Savings Fund, for the town of Southampton”, of which George Rose himself was President.
“The Rt. Hon. George Rose MP is the father of the Trustee Saving Bank system as it is now known – that is to say, the system under which boards of honorary trustees and managers are responsible for the management of local savings banks and are brought into touch with the State by investing their funds with the National Debt Commissioners. The passings of the Savings Bank Act of 1817 was really his last achievement in a long and active life, for her died in January 1818” (Horne, A History of Savings Banks, p. 72).
The Right Hon. George Rose (1744-1818), statesman, MP, and financial expert, was at various times Secretary of the Board of Taxes, Secretary to the Treasury, Vice-President of the Board of Trade and Joint Paymaster General, and Treasurer of the Navy. In 1816 he MP for Christchurch.
Kress, B.6790; Goldsmiths, 21540. Williams II, p. 293.
