All pictures Copyright
 E & BJ Capper Nagold 2017

 

Savings

Rules:

Money could be depositied for interest in the savings bank of the unit under the following main conditions:
Page 33 Army Paybook

The full rules are on pages 33 and 34 of the army paybook and occur twice in the paybook : John Capper’s savings:

Rupees

Pounds

Page 33 Army Paybook

Page 33 Army Paybook

Page 34 Army Paybook

Page 34 Army Paybook

A)

While stationed in Woolwich:

1st Feb. 1852

Savings deposit £30/-/-

Page 35 Army Paybook

1st Oct. 1852

Savings removal £30/15/0 3/4d

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.

Year

1st of month

Rupees

Source

1860

March

50

Page 35 Army Paybook

 

May

60

 

July

40

 

Aug.

20

 

Sept.

20

 

Oct.

15

1861

Feb.

50

 

May

50

 

July

40

 

Sept.

30

1862

Jan.

30

 

May

40

 

July

40

 

Oct.

20

1863

March

30

 

June

25

 

Sept.

20

 

Nov

25

Page 36 Army Paybook

1864

April

20

 

June

30

 

August

20

1865

July

40

1866

Jan.

100

 

30th March

30

 

28th Nov.

100

1867

April

300

 

11th Oct.

160

1868

March (?)

40

 

June (?)

40

 

July

40

 

28th Nov.

20

 

31st Dec.

20

1869

30th Jan.

20

 

28th Feb.

30

 

30th March

30

Page 37 Army Paybook

 

June

30

 

31st July

20

 

30th Aug.

20

 

Oct.

80

 

31st Dec.

50

Annual Summary:

Year

Total Rupees saved

Equivalent in (decimal) Pounds

1860

205

19.75

1861

170

16.38

1862

130

12.53

1863

100

9,64

1864

70

6,74

1865

40

3.85

1866

230

22.16

1867

460

44.32

1868

160

15.42

1869

280

26.98

The army paybook does not record the withdrawal. Assuming this took place at John’s 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