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Home » Neighbourhood and Community » Fairs, markets and commerce » Bank notes

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  • The Lloyds (Wrexham) Bank was established in Wrexham in 1785 by Richard Lloyd, flannel merchant. His flannel business in Chester Street prospered to such an extent that in 1785 he was able to establish the Wrexham Bank and the following year he acquired the Bryn Estyn Estate. Following his death in 1814, his second son, Richard Myddleton Massie Lloyd (usually known as R. M. Lloyd), took over the banking business. As a banker, R. M. Lloyd enjoyed the unbounded confidence of the inhabitants of Wrexham and was treasurer for practically all the local Friendly Societies. R. M. Lloyd was the only banker in north Wales who compounded with the Stamp Office for the stamp duty on bank notes. Up to 1844 he issued his own notes and although by the Bank Act of that year he could have continued to do so up to a value of £4,464, from then on he used Bank of England notes. The closure of Lloyd's main rival, Kenrick's Bank, in December 1848 caused a run on R. M Lloyd's bank and, much to the consternation of the local inhabitants Lloyds finally closed its doors on 10 January 1849.
Banknote of the Wrexham & North Wales Bank, 1844
Mold Bank five pound note, dated 25 March 1829
Holywell Bank one pound note, 6 November 1820
  • The two women were later pardoned and their sentence reduced to a year's imprisonment.
Elizabeth and Jane Baines were convicted of forging this two pound bank note and were sentenced to death, 1818 [front]
  • In this letter, the mayor of Carmarthen is told that Mr John Lees, an Inspector of Bank notes at the Bank of England, is being sent to Carmarthen to assist the investigation in the case against Elizabeth and Jane Baines. Transcription: London 13th Dec. 1817 Sir The Government of the Bank of England has desired us to acknowledge the Rect. of your Letter of the 11th inst. & to thank you for your prompt attention to the subject to which it refers. We have given directions to W. John Lees, one of the Inspectors of Bank Notes at the Bank of England, to set out immediately for Carmarthen to assist in the investigation of the Case, & in collecting thee requisite evidence to bring the offenders to Justice. Mr. Lees has had great experience in ___ of this kind, and we have given him full instructions, so that you will find him a very useful assistant & you will please to deliver to him the forged Bank Notes ___ the Paper blotter things found upon the Prisoners or in their house.
Letter sent on behalf of the Governor of the Bank of England to the Mayor of Carmarthen regarding the Baines forgery case, 13 December 1817 [image 1 of 3]
Cardiff and Merthyr Bank note, 1824 (front face) [image 1 of 2]