Colesberg Bank - Premises

Premises

On 1 June 1861, a meeting of the Board of Directors was held to consider tenders for the establishment of banking premises. The following tenders were received

  1. John H Davis – Reyneveld St.
  2. R. A. Green – Reyneveld St.
  3. James Ingram – Church St.
  4. D.B. Muller – Stockenstrom St.
  5. A. A. Ortlepp – Murray St.
  6. John Norval – Market Sq.

After considering the options, the Board decided to investigate whether a Mr. Kisch’s premises in Church Street was available for lease or sale.

On 4 June 1861 Mr. Mathews who was acting as agent for Mr. Kisch reported that he was not in a position to tender the house in Church Street. Mr. Ortlepp rejected the offer made to him and after consideration, it was decided to buy the property of Mr. R. A. Green in Reyneveld Street for £900, payable in two instalments at six and twelve months, bearing an interest rate of six percent per annum as of 1 July 1861 when occupation was taken.

On 23 September 1861, a Building Committee comprising Messrs. H. Green and Thomson were appointed to meet with the architect Mr. Welchman and to explain to him the wishes of the Board regarding new Buildings.

Read more about this topic:  Colesberg Bank

Famous quotes containing the word premises:

    The press, the machine, the railroad, the telegraph are premises whose conclusion once a thousand years have passed no one has dared to draw as yet.
    Friedrich Nietzsche (1844–1900)

    Men have defined the parameters of every subject. All feminist arguments, however radical in intent or consequence, are with or against assertions or premises implicit in the male system, which is made credible or authentic by the power of men to name.
    Andrea Dworkin (b. 1946)