The Canadian Banking SystemU.S. Government Printing Office, 1910 - 191 páginas |
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Página 9
... gold reserve upon which its credit system is based is lodged in the vaults of the New York Clearing House . In any emergency requiring additional capital Montreal , Toronto , and Winnipeg call on New York for funds just as do St. Paul ...
... gold reserve upon which its credit system is based is lodged in the vaults of the New York Clearing House . In any emergency requiring additional capital Montreal , Toronto , and Winnipeg call on New York for funds just as do St. Paul ...
Página 13
... gold reserve of 10 per cent against the savings deposits , but no assets are set aside for their security . The chartered banks pay the same rate of interest and get most of the business , for they offer facilities with which the ...
... gold reserve of 10 per cent against the savings deposits , but no assets are set aside for their security . The chartered banks pay the same rate of interest and get most of the business , for they offer facilities with which the ...
Página 14
... gold . The gold coins of the United States So is the British sovereign , Until recently all Canadian are legal tender in Canada . which is rated at $ 4.86 % . coins were minted in either England or the United States , but in 1908 a ...
... gold . The gold coins of the United States So is the British sovereign , Until recently all Canadian are legal tender in Canada . which is rated at $ 4.86 % . coins were minted in either England or the United States , but in 1908 a ...
Página 15
... gold and government securities a reserve equal to 25 per cent of the issue , the amount held in gold to be not less than 15 per cent of the amount of notes outstanding ; and that against all notes issued in excess of $ 30,000,000 the ...
... gold and government securities a reserve equal to 25 per cent of the issue , the amount held in gold to be not less than 15 per cent of the amount of notes outstanding ; and that against all notes issued in excess of $ 30,000,000 the ...
Página 22
... ( gold or Dominion notes ) equal to 5 per cent of its average circulation ; the total so deposited is called the " circulation redemption fund . " It is a guaranty or insurance fund for use , if need be , in the redemption of the notes of ...
... ( gold or Dominion notes ) equal to 5 per cent of its average circulation ; the total so deposited is called the " circulation redemption fund . " It is a guaranty or insurance fund for use , if need be , in the redemption of the notes of ...
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Términos y frases comunes
advances APR MAY JUN assets AUG SEP OCT Balances due bank act bank manager bank notes Bank of Montreal bank's bankers banking business banking reserve banks in Canada bill of lading bills borrowers branch bank call loans cash reserve chartered banks clearing house commercial commercial paper crop currency current loans customers decline demand deposits depositors directors discount Dominion notes enterprises excess fact farmers FEB MAR APR funds gold head office increase industry institutions investment issue notes issue of notes JAN FEB MAR JUN JUL AUG legal tender liquidation loans in Canada Manitoba ment merchandise minister of finance months mortgage note circulation November OCT NOV DEC October paid paid-up capital panic paper payment practically profits provinces rate of interest redeem savings bank SEP OCT NOV stocks and bonds tion Toronto United warehouse receipt wares Winnipeg York City
Pasajes populares
Página 41 - CD in your bailiwick you cause to be made the sum of £ and also interest thereon at the rate of £ per centum per annum from the day of...
Página 40 - The bank shall, by virtue of such security, acquire the same rights and powers in respect to the goods, wares and merchandise, stock or products covered thereby, as if it had acquired the same by virtue of a warehouse receipt.
Página 28 - In the event of the property and assets of the bank being insufficient to pay its debts and liabilities, each shareholder of the bank shall be liable for the deficiency to an amount equal to the par value of the shares held by him, in addition to any amount not paid up on such shares
Página 42 - ... (or, of the said bills or notes, or renewals thereof, or substitutions therefor, and interest thereon, or as the case may be) . This security is given under the provisions of section eighty-eight of the bank act, and is subject to the provisions of the said act.
Página 39 - ... deal in, discount and lend money and make advances upon the security of, and take as collateral security for any loan made by it, bills of exchange, promissory notes, and other negotiable securities, or the stock, bonds, debentures, and obligations of municipal and other corporations, whether secured by mortgage or otherwise, or Dominion, provincial, British, foreign and other public securities; and, (d) engage in and carry on such business generally as appertains to the business of banking.
Página 40 - ... while so covered, the bank holding such warehouse receipt or security shall hold or continue to hold such goods, wares and merchandise, during the process and after the completion of such manufacture or production, with the same right and title, and for the same purposes and upon the same conditions, as it held or could have held the original goods, wares and merchandise.
Página 27 - The curator shall generally have all powers and shall take all steps and do all things necessary or expedient to protect the rights and interests of the creditors and shareholders of the bank, and to conserve and ensure the proper disposition, according to law, of the assets of the bank...
Página 148 - The distinction between a share and a deposit is that the former is made up of savings with a view of meeting future contingencies more or less remote, a kind of time deposit, while the latter is money put aside for almost daily use, like the bulk of the funds put in banks and withdrawable by check.
Página 19 - If they satisfy the parliamentary committee it will be granted. The bank, however, cannot yet begin business. Provisional directors now have merely the right to advertise and cause stock books to be opened. If inside of one year capital stock to the amount of $500,000 has been subscribed and $250,000 thereof paid in, the provisional directors may call a meeting of the shareholders, at which a board of regular directors shall be chosen. Before this meeting is held at least $250,000 in cash must be...
Página 40 - C to this act, or to the like effect; and by virtue of such security, the bank shall acquire the same rights and powers in respect to the goods, wares and merchandise, stock or products covered thereby, as if it had acquired the same by virtue of a warehouse receipt.