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National Bank of Scotland, per John Henderson, Esq., Agent (donation)

The National Bank of Scotland, established 1825, had a branch in Dundee almost from the beginning. John Henderson, their Dundee agent, c.1851-1883, had been with the Bank since 1826, for most of the time in the Dundee branch.

Subscription value in 1863:

£250

Relative to inflation up to 2021:

£25000

Relative to income compared to 2021:

£200000

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Details and history

Name of company:

National Bank of Scotland, per John Henderson, Esq., Agent (donation)

Company address:

Bank Buildings, 71 Reform Street, Dundee.[1]

Number of employees:

Unknown

Nature of business:

Banking

Turnover:

Date ceased trading:

1959 - see below

Related Subscribers

Subscriber no.100 – John Henderson – agent of the National Bank of Scotland, Dundee.

Subscriber no.236 – William Scott – architect of the National Bank of Scotland’s new offices in Reform Street.

Subscriber no.240 – P.H. Thoms – former agent of the National Bank of Scotland, Dundee.

Comments

The bank was established in 1825 as National Banking Company of Scotland. Its first governor was the Duke of Roxburghe and its first chairman was Alexander Henderson. Head office premises were in St Andrew Square, Edinburgh. In 1831 the bank received a royal charter, and changed its name to National Bank of Scotland.[2]

This donation was made by John Henderson on behalf of the National Bank of Scotland which was bought by Lloyds Bank in 1918 but continued to trade independently until it merged with the Commercial Bank of Scotland in 1959 to form the National and Commercial Bank. In 1969 it became part of The Royal Bank of Scotland.[2]

The offices were in the Cowgate/St. Andrews Place until a new bank was constructed at the north-east end of Reform Street, c.1854-1856, to the designs of William Scott, the Dundee City Architect.[3] The building is now The Counting House – part of the Wetherspoon chain of pubs.[4]

John Henderson was, for many years, the Bank’s agent in Dundee and, it is reasonable to suppose, was the prime mover behind the donation. He also made a personal subscription of £30.[5] In his obituary it is noted that he “took an active interest in promoting many benevolent and charitable institutions”.[6]

 

 

 

 

Sources

  1. Dundee Directories, 1858-1865. Dundee Central Library, Local History.
  2. The National Bank of Scotland - a brief history. Royal Bank of Scotland website.
  3. William Scott, architect, Dundee. Dictionary of Scottish Architects website.
  4. The Counting House History. J.D. Wetherspoon website.
  5. Dundee Advertiser, 23 December 1863. British Newspaper Archive website.
  6. Dundee Year Book, 1886.  Dundee Central Library, Local History.

Credits

Thanks to Helen Jack for research (see John Henderson entry for more).

The information above about has been collated from a range of digital and hard copy sources. To the best of our knowledge it is correct but if you are relying on any information from our website for the purpose of your own research we would advise you to follow up the sources to your own satisfaction. If you are aware of an inaccuracy in our text please do not hesitate to notify us through our Contact page.