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Colonial Bank (West Indies)

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Colonial Bank
IndustryBanking
FoundedJune 1, 1836; 189 years ago (1836-06-01) in London
DefunctSeptember 15, 1925 (1925-09-15)
SuccessorBarclays Bank (Dominion, Colonial and Overseas)
Headquarters
London
,
United Kingdom
Area served
West Indies
Colonial Bank Act 1856
Act of Parliament
Long titleAn Act to extend the Period limited for the Exercise of the Powers of the Colonial Bank; and for other Purposes.
Citation19 & 20 Vict. c. iii
Dates
Royal assent29 April 1856
Other legislation
Repealed byColonial Bank Act 1925
Status: Repealed
Text of statute as originally enacted
Colonial Bank Act 1898
Act of Parliament
Long titleAn Act to alter and extend the constitution and powers of the Colonial Bank.
Citation61 & 62 Vict. c. cxxxi
Dates
Royal assent25 July 1898
Other legislation
Repealed byColonial Bank Act 1925
Status: Repealed
Text of statute as originally enacted
Colonial Bank Act 1900
Act of Parliament
Long titleAn Act to increase the limit of the Note issue of the Colonial Bank and for other purposes.
Citation63 & 64 Vict. c. ii
Dates
Royal assent9 April 1900
Other legislation
Repealed byColonial Bank Act 1925
Status: Repealed

The Colonial Bank was a bank in the British territories of the West Indies during the colonial era. The bank was established by royal charter on 1 June 1836, and had opened offices in most of the territories by 1837.[1]

Colonial Bank Act 1916
Act of Parliament
Long titleAn Act for granting additional powers to the Colonial Bank.
Citation6 & 7 Geo. 5. c. vi
Dates
Royal assent25 May 1916
Other legislation
Repealed byColonial Bank Act 1925
Status: Repealed
Text of statute as originally enacted
Colonial Bank Act 1917
Act of Parliament
Long titleAn Act for granting additional powers to the Colonial Bank.
Citation7 & 8 Geo. 5. c. xlviii
Dates
Royal assent2 August 1917
Other legislation
Repealed byColonial Bank Act 1925
Status: Repealed
Text of statute as originally enacted

The Colonial Bank Act 1916 (6 & 7 Geo. 5. c. vi) gave the Colonial Bank the power to operate throughout the British Empire, and it expanded to West Africa. The Colonial Bank Act 1917 (7 & 8 Geo. 5. c. xlviii) further extended the bank's powers, allowing it to operate in any part of the world. Later in 1917, the Colonial Bank entered into a working arrangement with Barclays Bank.

Colonial Bank Act 1925
Act of Parliament
Long titleAn Act to provide a new constitution for The Colonial Bank and to re-incorporate the same to reorganise its capital to confer further powers on The Colonial Bank to repeal existing Charters and Acts and for further purposes.
Citation15 & 16 Geo. 5. c. cvi
Dates
Royal assent7 August 1925
Text of statute as originally enacted

Barclays Bank obtained control of Colonial Bank in 1919, and following re-incorporation by the Colonial Bank Act 1925 (15 & 16 Geo. 5. c. cvi) it changed its name to Barclays Bank (Dominion, Colonial and Overseas).[2] The Anglo-Egyptian Bank and the National Bank of South Africa were then merged into Barclays Bank DCO.

References

[edit]
  1. ^ William A. Green (1991). British Slave Emancipation: The Sugar Colonies and the Great Experiment, 1830-1865. Clarendon Press. p. 180. ISBN 978-0-19-820278-3.
  2. ^ "Founding Banks and building societies: Colonial Bank". Barclays Group Archives.