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Savings
Rules:
Money could be depositied for interest in the savings bank of the unit under the following main conditions:
The full rules are on pages 33 and 34 of the army paybook and occur twice in the paybook : John Cappers savings:
A)
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While stationed in Woolwich:
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1st Feb. 1852
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Savings deposit £30/-/-
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1st Oct. 1852
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Savings removal £30/15/0 3/4d
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John Capper deposited the maximum amount allowed for the year and received the correct interest for 8 months (i.e. 8 /12 of the yearly rate), i.e 15 shillings, plus an additional day, i.e. 3/4 pence, as 1852 was a leap year.
The first child Mary Jane was born 15th March 1852 in Devonport, while John was stationed in Woolwich. That may have been the background of his savings activities.
B) Savings in India. Currency is Rupees.
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Year
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1st of month
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Rupees
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Source
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1860
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March
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50
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May
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60
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July
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40
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Aug.
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20
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Sept.
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20
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Oct.
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15
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1861
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Feb.
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50
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May
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50
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July
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40
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Sept.
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30
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1862
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Jan.
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30
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May
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40
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July
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40
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Oct.
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20
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1863
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March
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30
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June
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25
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Sept.
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20
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Nov
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25
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1864
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April
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20
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June
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30
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August
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20
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1865
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July
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40
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1866
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Jan.
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100
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30th March
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30
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28th Nov.
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100
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1867
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April
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300
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11th Oct.
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160
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1868
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March (?)
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40
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June (?)
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40
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July
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40
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28th Nov.
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20
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31st Dec.
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20
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1869
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30th Jan.
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20
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28th Feb.
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30
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30th March
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30
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June
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30
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31st July
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20
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30th Aug.
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20
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Oct.
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80
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31st Dec.
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50
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Annual Summary:
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Year
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Total Rupees saved
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Equivalent in (decimal) Pounds
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1860
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205
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19.75
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1861
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170
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16.38
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1862
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130
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12.53
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1863
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100
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9,64
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1864
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70
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6,74
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1865
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40
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3.85
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1866
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230
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22.16
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1867
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460
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44.32
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1868
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160
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15.42
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1869
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280
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26.98
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The army paybook does not record the withdrawal. Assuming this took place at Johns discharge on and including 24th May 1870, the deposited total of 1845 Rupees, with accumulated interest, had become approximately 2217 Rupees, which was then worth about £213 12s 6d.
The deposits in his best year, 1867, totalled 460 Rupees, i.e. about £44, which considerably exceeded the maximum allowed deposit of £30 in any year.
Note on currency
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