Tim LANCASHIRE AND YORKSHIRE BANK.
Before, however, dealing with the why and the where- fore of the amalgamation, it may be " well to set out briefly the actual facts. The Lancashire and Yorkshire Bank, which is now being absorbed by the Bank of Liver- pool and Martins, was --established more than fifty years ago, to take over the Manchester business of the Alliance Bank. From the outset it has been a prosperens institu- tion, and has absorbed a number of other banks, mostly in the Liverpool and Manchester districts. Altogether it has at the present time something like 150 branches and agencies in the Midlands and in the North—for the most part, where the Bank of Liverpool and Martins is not represented. It has enjoyed exceptionally good manage- ment, and it is a bank with which the .name of the late Mr. T. B. Moxon—for many years general manager—will always be closely associated. Situated as it is in the heart of a district where the chief industry has been in a depressed condition for some time past, it would not have been surprising if liquidity had not been a conspicuous feature in the balance sheet. As a matter of fact, how- ever, the position is a very liquid one, and the balance sheet is strong in all respects.
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