The Growth of the First Bank on Prince Edward Island
This is a list of the growth of the Island's first bank between the years 1858 and 1881. The people must have been happy when the dividend (what they got back) numbers got higher! I know I would! The more money the bank had, the more money the people would get. As the years get higher, most of the time, the notes in circulation and the assets (what the bank has) get higher. Below is the list that gives the approximate amount of money the bank was circulating every year.
Year Notes in Circulation Dividend(%) Total Assets
1858 £33 000 8 £70 000
1859 £34 000 - £77 000
1860 £43 000 5 £90 000
1861 £44 000 8 £97 000
1862 £41 000 10 £90 000
1863 £51 000 10 £112 000
1864 £63 000 8 £138 000
1865 £36 000 16 £109 000
1866 £33 000 15 £114 000
1867 £25 000 15 £99 000
1868 £32 000 15 £111 000
1869 £33 000 15 £114 000
1870 £32 000 15 £127 000
1871 £55 000 15 £163 000
1872 NA 15 $385 000
1873 $93 000 15 $368 000
1874 $134 000 14 $637 000
1875 $154 000 10 $723 000
1876 $133 000 10 $674 000
1877 $120 000 10 $687 000
1878 $100 000 10 $655 000
1879 $161 000 10 $701 000
1881 $196 000 8 $835 000
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