1891 – Salvation Army Bank – One shilling

1891 – SA Bank – One shilling

1891 – Salvation Army Bank – One shilling
The SA Bank, later called Reliance Barnk Limited, was founded in 1890 by William Booth. When he needed to attract investments to finance mortages on property vital to the work of the movement, his response was to set up the Army’s own bank. The stamp was likely used as a receipt for deposits in bank-books (Source: ISAPHJ May 2016).