BANKING.

£250 · Offered by Peter Harrington · No longer available

Hongkong & Shanghai Banking Corporation account passbook. An ephemeral example of everyday banking in early 20th-century Shanghai, issued by HSBC's office on the Bund to an untraced customer. Clients had the option of keeping accounts in Mexican Dollars or taels and could deposit up to 1,200 dollars per year, interest accruing at 3.5 per cent. The entries in this example record transactions between December 1914 and November 1917.HSBC established it a presence in Shanghai in 1865 and was based, from 1875, near the customs house. After the First World War, it commissioned its famous neo-classical building, now the home of the Shanghai Pudong Development Bank. The savings office was based there from 1922.

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