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Advertisements. 
 
 PHCENIX FIRE INSURANCE CO. 
 
 -OB'- 
 
 HARTFORD, CONN. 
 
 ST^A^TEnyCElSTT OIF 003^.^F.A.3Sn^, 
 January 1st, 1890. 
 
 CASH CAPITAL, 
 RESERVE FUND:— 
 
 UNADJUSTED LOSSES, 
 RE-INSURAN 
 
 $2,000,000.00 
 
 S 254,523.43 
 1.41 
 
 NET SURPLUS 
 TOTAL ASSEl 
 
 H. KELLO(](;, I'R 
 
 1). w. c. sKii/ro; 
 
 O- 
 
 FULL d: 
 
 HEAD OFFICE, 114 SI 
 GERALD E. 
 
 Thv i'oinpu»*tj tvifl h 
 Sorirtit'M or t/tf Jifttti O 
 itpplifatiim tn thv fit'itf 
 tttft't t/it'ir r*'t/nirf'itttitif 
 tvi'tii iitMiirtiin'e i ft cove t 
 
 O 
 
 MEMBERS 
 
 aNADA 
 
 NATIONAL LIBRARY 
 BiBLIOTH^aUE NATIONALE 
 
 $2,003,768.84 
 1,301,235.39 
 
 $6,305,004.23 
 
 J, 2nd Vice-President. 
 3K, Secretary. 
 
 Y. 
 
 '•BRNMENT. 
 
 MONTREAL 
 Chief Agent. 
 
 Uiinai/ri'H of lilt lilt » or Loan 
 I .li/eur// or Sub-Af/fnrj/, by 
 It Sjifriiil Ji'orin of I'ollry to 
 y which griiin, or any Hhort 
 
 ITED. 
 
 OB 
 
 •>» 
 
 D'K EXCHANGE. 
 
 i-<^j*f-* 
 
 St. Francois -Xavier Street, 
 
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 Canadian, Britisl^ and Jlffieriean Seeurities of all kinds 
 dealt in for Casl^ or on JlHargin. 
 
 •«^itf^ 
 
 AGENTS IN LONDON, ENG., AND NEW YORK. 
 
P^gtst^ssssfii-OTWispraM 
 
 ). 
 
 D.00 
 
 4.23 
 
 DENT. 
 
 Advertisements. 
 XjJ!^-^77- booics 03sr 
 
 BANKING, BILLS, NOTES AND NEGOTIABLE INSTRUMENTS. 
 
 «^«.._* 
 
 BYLES on Bills of Exchange, Promissory Notes and Cheques. Fourteenth Edition. By M. 
 B. Byles and A. Kirkman Lloyd, Barristers. London. 1885. Half Calf, $8. 
 
 CHALMER'S (Judge) Digest of Bills of Exchange, Promissory Notes and Cheques, the 
 Act of 1882 fully annotated. Second Edition. London, 1887. Half Calf, $5.75. 
 
 CLARKE'S (S. R.) Bills, Notes, Cheques and LO.U's. Toronto, 1875. $2. 
 
 DANIELS' (J. W.) Negotiable Instruments, including Bills of Exchange, Promissory Notes, 
 Negotiable Bonds and Coupons, Cheques, Bank Notes, Certificates of Deposit, Cer- 
 tificates of Stock, Bills of Credit, Bills of Lading, Guarantees, Letters of Credit arid 
 Circular Notes. Third Edition, Am. 1882, 2 Volumes, Sheep, $13.50. 
 
 GRANT'S (J.) Bankers and Banking. Fourth Edition. London, 1882. Half Calf, $9.50. 
 
 HUTCHISON'S (John) Practice of Banking, embracing the Cases at Law and in Equitv 
 bearing upon all branches of the subject. 3 Volumes. London, 1881-87. Half Calf, 
 $13.75. 
 
 RANDOLPH (J. F.) on Commercial Paper. A treatise on the law relating to Bills of Ex- 
 change, and Negotiable and Non-Negotiable Instruments of every description. 3 large 
 Volumes, Am., 1886-88. Sheep, $19. 
 
 •r Loan 
 
 '"•III ^V 
 'ntiry to 
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 / 
 
 
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 NGE. 
 
 dnds 
 
 tit 
 
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 We carry an extensive stock of 
 
 -I mmm books op .hll dbscriptiojis, ^ 
 
 Or make to order special patterns for BANKS, RAILWAY, INSURANCE and LOAN 
 Companies, MERCHANTS, ACCOUNTANTS, REGISTRARS, &c., and after an experi- 
 ence of over 34 years in this Department, and supplying the first Institutiors of the 
 Dominion, can guarantee 
 
 RELIABLE MATERIAL, SUPERIOR WORKMANSHIP AND SATISFACTORY PRICES. 
 
 —ALWAYS ON HAND A COMPLETE STOCK OF— 
 
 OFFICE SUPPLIES AND GENERAL STATIONERY. 
 
 Publishers Of OFFICE AND POCKET DIARIES, 
 
 MANUFACTURING STATIONERS, - - - TORONTO.. 
 
Advertisements, 
 
 PHCZNIX FIRE INSURANCE CO. 
 
 -OB' — 
 
 HARTFORD, CONN. 
 
 January 1st, 1890. 
 
 CASH CAPITAL, 
 RESERVE FUND:— 
 
 UNADJUSTED LOSSES, - 
 RE-INSURAN 
 
 $2,000,000.00 
 
 NET SURPLUS 
 TOTAL ASSET 
 
 H. KELIX)(^.(;, Vr 
 ]). W. C. SKILTO: 
 
 - S 264,523.43 
 1.41 
 
 $2,003,768.84 
 - 1,301,235.39 
 
 $6,306,004.23 
 
 J, 2nd Vice-President. 
 I;K, Secretary. 
 
 8 
 n 
 
 M 
 
 tt 
 
 I 
 
 St. Francois - Xavier Street, 
 
 Canadian, Bpitisl^ and Jlmeriean Seeurities of all kinds 
 dealt in for Casl^ or on JlHargin. 
 
 AGENTS IN LONDON, ENG., AND NEW YORK. 
 
,niSSHL2X:;JU»iS;£ 
 
 ). 
 
 ).00 
 
 S.84 
 i.39 
 
 k23 
 
 DENT. 
 
 iinds 
 
 Advertisements. 
 
 Xi.A.'w- BOOKis onsr 
 
 BANKING, BILLS, NOTES ANB NEGOTIABLE INSTRUMENTS. 
 
 ♦-. »»^ 
 
 BYLES on Bills of Exchange, Promissory Notes and Cheques. Fourteenth Edition. By M. 
 B. Byles and A. Kirkman Lloyd, Barristers. Lond6n, 1885. Half Calf, $8. 
 
 CHALMER'S (Judge) Digest of Bills of Exchange, Promissory Notes and Cheques, the 
 Act of 1882 fully annotated. Second Edition. London, 1887. Half Calf, $5.75. 
 
 CLARKE'S (S. R.) Bills, Notes, Cheques and LO.U's. Toronto, 1875. $2. 
 
 DANIELS' (J. W.) Negotiable Instruments, including Bills of Exchange, Promissory Notes^ 
 Negotiable Bonds and Coupons, Cheques, Bank Notes, Certificates of Deposit, Cer- 
 tificates of Stock, Bills of Credit, Bills of Lading, Guarantees, Letters of Credit and 
 Circular Notes. Third Edition, Am. 1882, 2 Volumes, Sheep, $13.50. 
 
 GRANT'S (J.) Bankers and Banking. Fourth Edition. London, 1882. Half Calf, I9.50. 
 
 HUTCHISON'S (John) Practice of Banking, embracing the Cases at Law and in Equity 
 bearing upon all branches of the subject. 3 Volumes. London, 1881-87. Half Calf, 
 $13.75. 
 
 RANDOLPH (J. F.) on Commercial Paper. A treatise on the law relating to Bills of Ex- 
 change, and Negotiable and Non-Negotiable Instruments of every description. 3 large 
 Volumes, Am., 1886-88. Sheep, $19. 
 
 IN FR.KS© 
 
 MACLAREN'S (J. J., Q.C., LL.D., Etc.) Bills of Exchange Act, 1890. A full annotation 
 
 of the Act passed by the Dominion Parliament, with Canadian and English Cases. 
 Any of above books sent post paid on receipt of price. 
 
 O.A.E,S"W^EILXi ac GO., 
 
 LAW BOOKSELLERS, 
 
 30 Adelaide St. East, Toronto. 
 
 BROWN BROS., 
 
 -"STATIONERS, BOOKBINDERS,^ 
 
 — MANUFACTURERS OF — 
 
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 We carry an extensive stock of 
 
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 Or make to order special patterns for BANKS, RAILWAY, INSURANCE and LOAN 
 Companies, MERCHANTS, ACCOUNTANTS, REGISTRARS, &c., and after an experi- 
 ence of over 34 years in this Department, and supplying the first Institutions of the 
 Dominion, can (;niarantee 
 
 RELIABLE MATERIAL, SUPERIOR WORKMANSHIP AND SATISFACTORY PRICES. 
 
 —ALWAYS ON HAND A COMPLETE STOCK OF — 
 
 OFFICE SUPPLIES AND GENERAL STATIONERY. 
 
 Publishers Of OFFICE AND POCKET DIARIES, 
 
 MANUFACTURING STATIONERS, - - - TORONTO. 
 
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 ADVBRTIHEMBNTa 
 
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 FINE COMMERCIAL and COLOR WORK A SPECIALTY 
 
 194, 196. & 198 SPARKS STREET, 
 
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Advertihementh. 
 
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 THE LEADING INSURANCE AND FINANCE JOURNAL 
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 ^^Thorough, .". Independent, .'. Reliable.^^ 
 
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 .: 1724 ■•. IsrOTRE •• ID-A-jyCE ••• STREET. .•• ••• 
 R. WILSON SMITH, Proprietor. 
 
 Subscription, 
 
 $2.00 per Annum. 
 
 Advertising Rates 
 
 Given on Applcation, 
 
 LIST OF BOOKS 
 
 PUBLISHED BY 
 
 110 MANS PUBLISHING COMPANY, 
 
 251 BROADWAY, NEW YORK. 
 
 Bankers' Almanac and Re^^ister.— 
 
 July edition, 1890. Hound in cloth— price, $4 
 per copy. 1'ionrkr Hank Directory, Fortietli 
 year of publication. 
 
 Bank Officers; Their Authority, Duty and 
 Liability. Hy Ai.hkrt .S. Hoi.i.f.s, author of 
 "Banks and their Depos-itors ;" "The National 
 liank Act and its Judicial Meaning ;" " I'r.ictical 
 Hanking ;" Lecturer on Hanking and Trusts in 
 the Law Department ol the University of the City 
 of New York, and lulitor of "The Banker's 
 Magazine." — 450 pages bound in cloth, $4; in 
 law sheep, $4. 50. 
 
 The Law Relatine to Banks and De- 
 positors and Bank Collections, l^y 
 
 .\l.HF.RT .S. Hoi.l.RS. — 554 p.iges bound in cloth, 
 $4.50; in law sheep, $5.00. 
 
 The Banker's Masazlne, Established in 
 
 1846, Ai.iiF.Rl' S. Boii.K.s, Kditor. — Monthly, $5 
 
 per year ; single copies, 50 cents ; Hound vols, 
 containing numbers for year, $6.50. 
 
 Practical Banking. A handsome book of 
 
 326 pages, tilled with exhaustive information on 
 the subject of Banking. A practical work in 
 every sense. Invaluable to bank officers and em- 
 ployes, commercial teachers, and all persons who 
 have dealings with banks and bankers. By AL- 
 BERT S. Hoi. I. ES.— .Seventh edition. Bound in 
 cloth ; price, $3.00. 
 
 The National Bank Act and its Judi- 
 cial Meaning, with an .Appendix ; contain- 
 ing Official Instructions and Rules Relating to the 
 I'ormation and Management of National Hanks, 
 United .States Bonds, and the Issue and Redemp- 
 tion of United .States Currency. — Hy .Al.BERr ,S 
 Boi.i.f:s. Second edition. Price in cloth, $3.00 ; 
 full law sheep, $3. 50. 
 
 HOMANS PUBLISHING COMPANY, 251 BROADWAY, NEW YORK. 
 
ii 
 
 AnVEHTIHEMENTS, 
 ■STABLISHKD 1872. 
 
 The Guarantee Company 
 
 OF NORTH AMERICA. 
 
 THE OLDEST AND LARGEST IN AMERICA. 
 
 PAID-UP CAPITAL AND RESOURCES, 
 
 OVER $1,000,000 
 
 THIS COMPANY TRANSACTS NO OTHER BUSINESS. 
 
 It has on the hooks the records of over 120,000 Employes guarnnteed by it in all parts of the 
 
 G)ntinent in the Past Twenty-seven Years. 
 
 OVER $700,000 HAVE BEEN PAID IN CLAIMS TO EMPLOYERS. 
 
 Sir A. T. QALT, G.O.M.G., 
 
 President. 
 
 EDWARD RAWLINGS. 
 
 Vice-President and Managing Director. 
 
 DIRECTORS. 
 
 W. J. BUCHANAN, 
 
 General Manager flank of Mantreal. 
 
 HON. J. GREGORY SMITH, 
 
 Ex. Gorernor of Vermont, St. .Alhans, 
 
 WILLIAM WAINWRIGHT, 
 
 Asst. Gen. Man. G. 7'. A'_)'. , Montreal. 
 
 GEORGE HAGUE, 
 
 Gen. Man. Merchants flan/i of Canada, Montreal. 
 
 HARTLAND S. MACDOUGALL, 
 
 Macdougall Bros., Financial Agents. 
 
 WILLIAM WITHALL, 
 
 Vice-President Quebec Bank, Montreal. 
 
 T. G. SHAUGHNESSY, 
 
 Asst. President Canadian Pacific A'y., Montreal. 
 
 HEAD OFFICE : 157 ST. JAMES STREET, - 
 
 MONTREAL. 
 
 TORONTO BRANCH; 
 MEDLAND & JONES, Agents, 
 
 MAIL BUILDING. 
 
 TORONTO DIRECTORS: 
 
 GEO. A. COX, ROBERT JAFFRAY, 
 
 /'resident Canadian flank of Commerce. Director Imperial flank. 
 
 LARRATT W. SMITH, flarristcr, Toronto. 
 
 U. S. BRANCHES: 
 
 New York, Boston, Philadelphia, Chicago, St. Louis, 
 
 Louisville, Nashville, Richmond, Pittsburg, Detroit. 
 
JY 
 
 )0,000 
 
 5. 
 
 of the 
 
 Hrector. 
 
 ontreal. 
 
 al. 
 
 EAL 
 
 'ING. 
 
 GARLAND'S 
 
 BANKS, BANKERS AND BANKINfi 
 
 IN CANADA, 
 
 WITH 
 
 LIST OF BANK SOLICITORS AND COMMERCIAL LAWYERS ; 
 
 id: 
 
 TO VVIIK 11 HAS IlKKS ADDlill 
 
 STATISTICS O^ THE DOMINION. 
 
 ooasTTBiKrxs. 
 
 An Act respecting Hanks and Banking -known as the Bank Act, 1890— with tlie principal changes made 
 liy rarliainenl since the Act of 1870. 
 
 An Act respoiling Insolvent Hanks, Ii\siirance Companies, Loan Companies, lUiiUling Societies, ami 
 Trading' Corporations — known as " The Winding-up Act," with amendment. 
 
 An Act respecting Dominion Notes. 
 
 An Act respecting the Currency. 
 
 An Act relating to Bills of Exchange, Cheques and Promissor)' Notes. 
 
 An Act relating to Insurance with amendment. 
 
 An Act respecting .Savings Hanks in the Province of (Jueliec. 
 
 A Synopsis of the Hanking Systems of Canada, England and Wales, Scotland, Ireland ; Victoria, Aus- 
 tralia ; France, .Spain, Sweden, (iermany, Russia and the United .Stales. 
 
 List of Banks and Bankers in Canada, with names of Presidents, Vice- Presidents, and Directors of the 
 several Hanks, also their Foreign Agencies and Agents. 
 
 List of General Managers, Assistant General .Managers, Cashiers and Assistant Cashiers, at Head Offices ; 
 and Managers of Branches. 
 
 List of Assistant Receivers-General and their duties relating to the distribution for circulation of Dominion 
 Notes. 
 
 List of Bank Solicitors. 
 
 List of Commercial Lawyers in Cities and Townii. 
 
 List of Stock Brokers in Cities and Towns. 
 
 List of Private Bankers in Cities, Towns and Villages. 
 
 Amount of money on deposit in the several Institutions under Government direction in Canada. 
 
 Hanking Statistics of Canada, shewing the (irowth, year by year, since Confederation. 
 
 List of Insolvent Banks since Confederation, and the date on which tliey went into licpiid.ation. 
 
 List of Banks having lost their identity by h.aving amalgamale<l with or merged into other Banks. 
 
 Orticial Statistics of the Dominion since Confederation, prepared from the Reports of the several Depart- 
 ments. 
 
 Annual Report and Statement of the leading Banks for the year 1889-90, ike, &c. 
 
 N. SURREY GARLAND, 
 
 Fellow of the Royal Statistical Society, London, Engfland i Honorary Member of the American Statistical 
 
 Society, Boston ; Clerk of Financial Statistics. Department of Finance. Canada. 
 
 Compiler of a Volume of the Laws Relating: to Loan Companies and other Monetary Institutions, 
 
 and Editor of "The Parliamentary Directory, and "Statistical Guide 
 
 of the Dominion of Canada," &c., &c., &c. 
 
 IS, 
 
 OTTAWA, CANADA: 
 JS^ORTITi^^ER So 00-. 
 
 PRINTERS AND PUBLISHERS, 
 18^0, 
 
147602 
 
 r 
 
 Gc^KUi^T^c^^ to 
 
 ■4^ 
 
 ERRATA. 
 
 On page 33 the Firm of "Drake, Jackson & Helmcken" is given as Solicitors for Union Bank 
 of Newfoundland. The above (irm are solicitors for Hank of liritish (Columbia, Victoria, 15.C. 
 
 Where name of Firm " Uodby & Laird," New York, Agents; also "Laird & tJray," New 
 York, occur in List of " Private Banks and Banking Companies," read "Agency of The Canadian Bank of 
 Commerce, New York." 
 
 In List of "Chartered Banks, their Managers, &c., in Cities and Towns," where " Bank of Com- 
 merce " appears, " The Canadian Bank of Commerce " is intended. 
 
 Entered according to Act of the Parliament of Canada, in the year one thousand eight hundred antl 
 ninety, by N. Surrey Garj-and, at the Department of Agriculture, 
 
PREFACE. 
 
 Ill presenting; to the public the first edition n\ " Hanks, Hankers and Hanking in 
 Canada," the Kditor does so with reluctance, knowinf^ that it is next to an inipossihilty to 
 collate such a (luantity of matter and arrange it in form without discrepancies, inaccuracies 
 and omissions ; hut the absence of any work of the kind, and the seeming growing 
 necessity for one has been the magnet to draw forth this first endeavour. 
 
 It is the Editor's intention to issue this work annually. Each edition shall be care- 
 fully revised and amended as in his own judgment, and suggestions he may receive from 
 others, may be deemed to add to its usefulness. 
 
 The Statistics of the Dominion which has been added was not at first intended to 
 form a portion of this work, but on the advice of several friends as to the valuable adjunct 
 it would prove to sucii a volume, the author undertook the compilation and preparation. 
 This part of the arrangement being hastily done, and being undertaken at so late a 
 period in the preparation of the volume, must be his apology for any inaccuracies that 
 may be discovered. 
 
 As must be the case in all works of this nature, in procuring data, the Editor feels 
 himself dee[)ly undur obligation to several of the (leneral Managers and Managers of 
 Banks, and also to gentlemen in the Departments of the Dominion Government, from 
 whom he was obliged to solicit necessary information. All freely responded to his ap[)eal ; 
 but he feels specially indebted to the Deputy Minister of Finance, Mr. J. M. Courtney, 
 and his co-adjutor, Mr. C. W. Treadwell, of the Finance Department, who unhesitatingly 
 gave the result of their researches, in the preparation of material for the Hanking Hill, 
 and they also prepared the greater portion of the "Synopsis of Hanking Systems;" 
 Mr. C. J. Anderson, Chief of Government Savings Banks, for statistics relating to 
 his branch ; Mr. P. M. Robins, Department of Inland Revenue, who spared neither time 
 nor labor in making the information relating to his Department full and reliable; Mr. J. 
 Willoughby Shore, who so freely undertook the preparation of statistics relatirig to the 
 Department of Indian Affairs, and to Mr. G. Murray Jarvis, who has been throughout 
 indefatigable in assisting to procure any information required. 
 
 The Editor will be pleased to receive suggestions for future editions, and will assure 
 those who may take the trouble to send them that they shall receive due consideration. 
 
 As parents reluctlantly part with their child, when going out into the world — bright 
 though the immediate prospects and surroundings may seem — a feeling of dread for the 
 future pervades their minds ; so the Editor, in sending out this work upon the tempestuous 
 sea of public opinion, though he may feel confident of its usefulness, dreads the reception 
 that may be given it, but withal, does so wishing it " bon voyage," and trusts that much 
 information may be derived from a perusal of its pages. 
 
 [] anU 
 
 Ottawa, ist October, 1890. 
 
 THE EDITOR. 
 
>r 
 
 VI 
 
 Adveiitisements. 
 
 fm ABBOTT AUTOMATIC CHEHUE PERFORATOR. 
 
 I C. C. 8KILT0N, General Afent, Room 5 B, 31 Broadway, New York City. 
 
 PATENTED APRIL 23, 1889. 
 
 Patents cover nil parts of Machine 
 
 Validity of Patents 
 
 guaranteed. 
 
 ••• 
 . ••• 
 
 c ••• 
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 w • ; • 
 ••• •• 
 
 • • • 
 
 
 
 TKE ABBOTT MACHINE CO. y^^.Q- 
 
 V)/i/hayo ' ' ' 
 
 T* Metropolitan National Bank 
 Chicago 
 
 Fac-siiHiie *>/' Fiytirvs, /tajHi- hchiff viit out as shown. 
 
 •, V 
 
 • • • -• 
 
 • • ••• • 
 
 • •• Vi 
 
 .• '•. •••: 
 
 • •• •• 
 
 • •• • 
 ••• •• 
 
 A WORD TO BUSINESS MEN. 
 
 TIIK insurance of your buildings, merchandise, ifec. , against loss or damage by tire has i)rol)al)ly long 
 since been considered by you as a business necessity, and you would not feel safe for a moment if you 
 did not know that you were well insured in this respect. It is not urged by you as a reason for not insur- 
 ing that neither you nor your neighbors have ever suffered loss, but you pay large .sums of money, year 
 after year, for protection against a possibility. 
 
 There a^e possibilities of Loss or Damage in your business by other means than by fire, and it is pru- 
 dent to insure yourself against all such iiossibilities. 
 
 The changing or " raising" of your Clieciues, Drafts, Certificates or other important papefs, is a possi- 
 bility that may happen to your great disadvantage at any time, for it is constantly happening to others. 
 Bankers state that "cheque- raising" is increasing, and that experts arc becoming more skilful, so that the 
 precautions heretofore employed, including red ink, hand-stamps, safety-paper, lic. , are really of little use 
 as a protection against this evil. 
 
 Court decisions in such cases show that you will be the loser if your checpie is "raised" and paid, 
 unless you use the best known | recautions against such a possibility. 
 
 Two classes of people "raise" checjues those suddenly tempted and tiiose who make it a business. 
 The Abbott removes the temptation and the opportunity, and lielps to pn.'serve lionesty everywhere. 
 
 The only real protection in this respect is the use of a machine that plainly perforates the desired 
 figures through the Jiaper used, so that portions of the paper are entirely removed. The Abbott cuts 
 out a number of pieces of paper to form each figure, thus multiplying the safeguard over and above that 
 offered by taking out a single piece to form a figure. It is not, and never will be, possible to go beyond 
 this method of protection, so tliat the purchai^e of such a machine virtually insures this branch of your busi- 
 ness for a lifetime, and, considering the jirobablc amount of your cheques and the price of the machine, this 
 insurance is secured at a wonderfully low rate. 
 
 The Abbott Cheque Perforator is the best and the quickest and easiest to use of all the 
 inacbincs for this purpose, while it njakcs neater and plainer figures which will not tear out by handling or 
 
 fol( 
 any 
 pra 
 wel 
 
 cha 
 
 the 
 
 pai 
 
 mai 
 
 Ml! 
 20, 
 
 ab 
 
 1st 
 2n 
 3p( 
 
 4tl 
 
 5tl 
 
 6tl 
 7th 
 
 8t 
 
Adveutisements. 
 
 Vll 
 
 ••• 
 
 ••• 
 
 • !•' ■ 
 
 • • I 
 
 • (••• 
 
 folilint; the cheques. <15y its use you are perfectly safe in sending your cheques or other v.ihiahle \->a\->cis to 
 any part of the world, because your figures can not he changcil. Having both dollar sign and star, it is 
 practically /7>w '«('"'"'«" ^t the /r;Vt; of one, and can he used to protect the currency of <j;y/ ct)///;//;)', as 
 well as for dating and numbering. 
 
 The English Pound mark can be substituted for either Dollar sign or Star, and letters or arbitrary 
 characters can be inserted therefor if so ordered. 
 
 The Dies of the Abbott are made of .Muminum Uronze and are virtually indestructible, because 
 they do not corrode from the elVccts of moist air and ordinary use. 
 
 Banks and Bankers have same responsibility on paper thf\i issue as rests upon other 
 parties drawing cheques on Banks. 
 
 This machine is used by the United States Government in several of the Departments at Washing- 
 ton, and elsewhere, as well as by Hanks, Hankers and Business Men generally throughout the world, 
 many being used in Canada. -, It is giving satisfaction everywhere. 
 
 By permisalon wo rafor oapecially to tho PULLMAN PALACE OAR CO. and the CHICAQO, 
 MILWAUKEE & ST. PAUL R. R. CO. (.Paymaster's Department). Each Company perforates 
 20|O00 Cheques per month on the ABBOTT PUNCH ; this Is the best evidence of dur- 
 ability and rapidity of operation. 
 
 Derisions of State and United States Voai'ts and legal reasons why all 
 nnsiness men making nionetarg pa/ter shonld, for safetg against raising 
 the original amounts, use an ABBOTT CHEQUE PERFORATOR. 
 
 1st. Because ; The burden of proof is on the party alleging alterations.— ,j6 /mi. jjy. 
 
 2nd. Because ; innocent third parties free from negligence should not sufier.— J-J JV. Y. aio. 
 
 3Pd.' Because ; The paying Hank is not Injund to know the handwriting or genuineness of the filling 
 
 up of the che(iue.— jj N. Y. 3 to. 
 4th. Because ; The Drawee vouches only for the signature of the Drawer, not of the body of the 
 
 instrument.- 6t( A^. >'. J/6. 
 6th. Because ; The ablest modern authorities recognize rights of bona-Rde holders, and have laid 
 down the following governing rules: 
 
 " If ilu' parly whose li;il)ility li;is licen (h.iiigcd by the nUer.-itii>ii has so executed his (wper .is lo 
 *' enable .illcralioiis ti) be niatie mi such a way as not to excite the suspicions of a re.isonat)ly 
 ' prudent man, sudi a party is ^uiIty of tteglig-t'ttcc which renders him liable on the altered 
 "instninient to a l)ona-iide holder."— J'ii-iit'tiian t<it Cotittitt-niiil raper^ .SVt'. SQT, 
 *' When llle drawer of a liil! or maker of a note has liimself, by the execution of the instrument, 
 " left room for any alteration to he made, eitlier by insertion or erasure, without ilefacing it, 
 " or exciting the suspicions of a careful man, he will be liable upon it to any iHina-tide holder 
 " withotit notice, when the opportunity he has ofiered has been embraced and the instrument 
 " filled up witli a larger amount than that which was written .'it the time he signed it.'' — Daniels 
 on S'cg- I'isl. Sec. 14OJ.—4 liing. jjj.—to La. An. laS.—dy Page Si, 
 Again Morse on Hanks, 233 : 
 
 " For clearly a Hank has a right to demand some duties from its customers in such an important 
 " mutter a., protection from fraud in a business where frauds of a peculiarly skilful and ingenious 
 *' nature are conlinnady in course of perpetration." 
 6th. Because \ The maker of nigotialile paper invitis the public to receive it, and lie is estopped to 
 urge an aitual defect :is a result of his own acts. — Aj/;/<7.t c;/ AtY- /nst. Stw 1405, 
 jiN.Y.jisS. 
 7th. Because; it is a iiucstion of fact fur a jury before whom a party alleging an alteration as a 
 defence is liouml to prove alteration and establish himself Iree Irom contributory neg- 
 ligence. 
 
 W. C't'orKK, /\gent, against t,K.\i MKK .Man'kks. N.a ihinai. Hank. 
 , (Reported in full in .\m. Law Keconi, June, 1886.) Opinion by JusTiCK Hahi.an. (No disscnt- 
 
 • • •, ing opinion.) 
 
 , ,• « " 'I'he main ilispme was as 10 the right of the »lepositor to ipiestion the account rendered 
 
 \^%^ * ^* "by the Hank, so far .is cert.iin chetpies which he signed, but which, before payment wore 
 
 • • • *«*•* " altered, increasing the aiuonnl to more than $10, (XK>. 
 
 •••%,»• ••• " 'I'he 'teller testilied that the cheques, when presented, were irarefully examined by htlu 
 
 ^ ^%^ ^ ••• " as lo signature, amount, date and indorsement, and tliat there was nothing ;ilx)ut them to excite 
 
 » • • • \ r " suspicion, or to suggest aheratiou. 
 
 •».*.,•* •••• "I'oopcr admits that for the previous live years he knew of means .adopted by Hankers 
 
 •»• " anil .Meiihants to prevent the raising of chenues, but h;ul not used any of them. 
 
 *,.,.•* ••••• In ibis case the court held that, 
 
 • * •*• " If the drawer of a C'heipie does not use proper protection to prevent alterations, and if 
 ••J •••-•# '* the Hank innocently pay the I. lised chetpie, it is for the jury to say who is the most negligent, 
 
 •.J.» • , • " and who sh.ill stand the Kiss. 
 
 • • *•• * " The purport of this ilecision is thnr if the drawer of a cheque which was altered and paid, 
 
 • ,«^ J«J "as in the case citcil, knew of and neglected to use means to protect his cheque from alter-iion, 
 J*«* • ••?•• " ibe drawer must stand any loss occasioned thereby." 
 
 • ,* • • In the case of Ksi'V z'j. N A r'l. Hank ok Cincinnati, U.S. .Supreme Court, iP Wallace, 
 .*•. I • •**• ii.igefxH. 
 The Court held that,-; 
 
 " Where money is paid on a ^firtfi/ <//<•./«/■ hy tiiisfa^-t\ neither party being in fault, the 
 ' general rule is that it may be recovered hack as paid withon consideration. /Jut if either p.irly 
 ' has liccn guilty of /ireVigenceor carelessness by which the other has been injured, the negligent 
 ' party ttnisf /',;ir t/ie Lt.ss. 
 
 " That nhere ii paity to whom snrh a cheque is offered semis it to the bank on which it 
 
 ' is drawn. for information, the law presniuesthat the bank has knowledge of the draw t-r's signature 
 
 ' and of the st.ite of liis account, arul it is responsible t'or what may be replieil on these iMtints. 
 
 J»,* " 'That unless iheic is sonietbing in the terms on which information is asked that |)oints the 
 
 • »•«•. " attention of the bank olh< ei beyonil ihcsc two matters his response that the cheque is gooil will 
 
 •- •/ " be limited lo them, and will not extend to the genuineness of the lilling in of the cheque as to 
 
 " payee or amount. 
 
 8th. Because ; Jury trials arc annoying, expensive and uncertain. 
 
 • •• 
 • ••- 
 
 
 ''ien 
 
 Sttul for rirvular rontaining further information to C. C SKILTON, 
 I'l Agent, Room 3 U, 31 Broadway, New York City. 
 
 m 
 
VIU 
 
 Advertisements. 
 
 UNDERWOOD'S 
 
 English Inks and Mueilage 
 
 TJSEID B-2" 
 
 THE DOMINION AND PROVINCIAL GOVERNMENTS 
 
 THE CANADIAN PACIFIC AND 
 
 GRAND TRUNK RAILWAYS. 
 THE GOVERNMENTS OF GREAT BRITAIN AND 
 THE UNITED STATES, &c., &c. 
 
 Carbon Papers and Bibbons 
 
 FOR ALL WRITING MACHINES, 
 
 -ARE THE BEST IN USE FOR— 
 
 REMINGTON, CALIGRAPH 
 
 HAMMOND, ETC., ETC. 
 
 JOHN UNDERWOOD & CO., 
 
 10 JOHNSON ST., TORORTO. 
 
AND 
 
 )K 
 
 n 
 
 ADYEllTISEllS' INDEX. 
 
 AllowWy & Champion. Inside hack co-ver. . . . 
 
 Aulcl, 'E. , Mucilage. Coloiii-cd paper, end of 
 hook 
 
 Banker's Magazine, London, Eng 
 
 lianker's Magazine. (See Homan^ s puhlicaf >is) 
 
 Hanking Almanac and Diary 
 
 Bank of Ottawa 
 
 Banque du Peuple 
 
 Bentley & Co., D. Coloured paper, end of 
 hook 
 
 Bradford Rhodes & Co's. publications. Fac- 
 ing pai^f-e 
 
 Brown Bros., Bookbinders, &c. Facing in- 
 side front cover .... 
 
 Canada Shipping Co. Facing page 
 
 Can.adian Bank of Commerce 
 
 CarswcU & Co's. publications. Facing inside 
 front cover 
 
 Cheque Perforator, The Abbott Automatic. . . 
 
 Counterfeit Detector, Dickerman's 
 
 Craig, [. & R 
 
 Cox, George, Engraver, &c 
 
 Erratt, J. , Furniture kc 
 
 Fenwick, W. I. Facing page 
 
 Fitz-Gibbon, Jas. G 
 
 Garland's Canada, kc. Coloured paper, end 
 of hook 
 
 Granite Company, Canadian 
 
 Ciuarantee Company of North America. 
 Facinir Title 
 
 202 
 
 i 
 
 202 
 
 21 
 
 26 
 
 65 
 22 
 
 Vl-VU 
 
 45 
 329 
 329 
 330 
 
 65 
 
 330 
 
 Gurd & Co. , Chas. Coloured paper, end of 
 
 hook 
 
 Ilearn, M. A., Q.C 
 
 Homans Publishing Co 
 
 Insurance and Finance Chronicle 
 
 Journal of Commerce, Canadian 
 
 Kimball, S. .S. Facing page 
 
 Monetary Times. Facing Acts Dominion 
 
 Parliament . 
 
 Mortimer & Co., Publishers, &c. Coloured 
 
 paper front of hook 
 
 Mclntyre & Code 
 
 McRae k Co., Hector 
 
 Oswald Bros. Inside front cover 
 
 Phrenix Fire Insurance Co. Inside front cover 
 
 (,)uebcc Bank 
 
 .Specialty Manufacturing Co. Facing General 
 
 Index 
 
 Shipping Company, Beaver Line. Facing 
 
 page 
 
 Tabor, C. W. C 
 
 Tessier, Delage k deLery 
 
 Toronto Land and Investment Corporation. 
 
 Coloured paper, end of hook 
 
 Underwood & Co., John 
 
 Walker, McLean & Blanche! 
 
 Watcrlow k Sons, Limited, England 
 
 Woodburn, Alex. S., Bookbinder, &c. After 
 
 General Index 
 
 Young, W. G., Jeweller, &c 
 
 Page 
 
 XX 
 
 i 
 i 
 
 304 
 65 
 
 64 
 
 XX 
 
 329 
 
 25 
 
 6s 
 
 XX 
 XX 
 
 XX 
 202 
 
 330 
 
Advertisement. 
 
 OFFICE SPECIALTY MFG. CO, 
 
 118 B.A.-X" STREET, TOIiOITTO 
 
 3 
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 C 
 
 > 
 o 
 
 C 
 
 w 
 m 
 po 
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 o 
 11 
 
 CZ) 
 
 c3 
 en 
 
 cr 
 
 GD 
 O 
 
 I 
 
 CO 
 
 D3 
 DQ 
 
 BANK CHEQUE AND NOTE FILES 
 CHEQUE AND NOTE FILE CABINETS 
 
 BANK LETTER FILE CABINETS 
 
 ( Either Shamioii Clips or loose Sheet Files) 
 
 BANK DOCUMENT FILES 
 
 In great variety 
 
 All thr iihiiri' rtni hr riiiiihim'il hi oik' 
 
 Cfihhirt tn' iiitn'i'f as ilvsi ri'fl ^ 
 
 ill It iKxl or Mvtiil. 
 
 METAL ROLLER BOOK SHELVES, for Bank Ledgrers, either 
 fixed in \'ault or in Omnilnis, on lart^^e easy castors for returning to \aults at night. 
 
 FINE OFFICE DESKS of all designs, 
 
 RAPID ROLLER COPYING MACHINZS. Perfect copies ahvays. 
 
 SCHLICHT STANDARD INDEX. 
 
 MANAGER'S RAPID REFERENCE RECORD of Customers' 
 unpaid Paper. 
 
 METAL INTERIOR VAULT FITTINGS. 
 
 In ynv tiniffthif/.i, or hi Itt'-fitthttj^ iianh'rrs H'ift fonsitlt tfnlr ht-sf hitrrts/s 
 hy rttrrftiUif i-.rnmi iiittf/ tntr rttrions st/strtHs. 
 
 W. H. MORDEN, 
 
 Manager for Canada. 
 
 / Ottawa, 
 
 BraDOh Offices- Notre Dame Street, Montreal, 
 [ Halifax, and Winnipeg. j 
 
 I 
 
 4 
 
o 
 
 pa 
 cr 
 
 so 
 
 (3 
 
 I 
 CO 
 
 pa 
 
 D3 
 CO 
 
 GENERAL INDEX. 
 
 > 
 z 
 
 G 
 
 > 
 n 
 
 c 
 
 m 
 
 73 
 
 w 
 
 o 
 11 
 
 Pac-.k 
 
 Acts and Amendments relating to Banking i 
 
 Acts of the Parliament of the Dominion . . 64 
 
 Agriculture, Department of 285 
 
 liiisincss of Talent Oliice 2S6 
 
 Export Trade of Cattle 2S6 
 
 I'atent Oflice I'ees, i:c 285 
 
 Annual consumption per head of certain 
 
 articles 291 
 
 Assets and Liabilities of Canada 236 
 
 Assets, Bank Statements 50 
 
 Assets of Canada, Details of 218 
 
 Assets of the Dominion, Summary of . . . . 212 
 
 Assistant Receivers-General in Canada . . 19 
 
 Banks and Banking, An Act relating to . . 65 
 
 Annual Statement and Inspeetion 77 
 
 Annual Meeting, Statement to lie laid 
 
 before 77 
 
 Assets, The amount of Current Coin, &c. 77 
 
 Ins])eetion of Hooks, &c 77 
 
 Liabilities, What constitutes, &c 77 
 
 What, The Statement must show, &c. 77 
 
 Application of Act 66 
 
 To what Hanks it applies 66 
 
 Hank of Hritish North America, special 
 
 provisions 66 
 
 Bankof Hrit. Columbia, special provisions 66 
 
 Hanque du Peuple, s]K'cial provisions. ... 66 
 Charters, Date to which continued, and 
 
 other particulars 66 
 
 Directors I'roviso, itc 66 
 
 Forfeiture, I'roviso as to, ifec 66 
 
 Head Oftice of Hanks of Hritish North 
 
 America antl Hritish C\ilumbia 66 
 
 Merchants Hank, I'.E.I., may come under 
 
 this Act 67 
 
 Banks, the Charters of which arc continued 
 
 by this Act 95 
 
 Business and powers of tlie Hank 84 
 
 Advances for building ships, &c 86 
 
 Agency fees 89 
 
 Agent, Interpretation of 86 
 
 Collateral securities to be treated 86 
 
 Collection Fees 89 
 
 Deposits may be received, and from whom 86 
 
 Form of Security 87 
 
 General powers of Bank, &c 84 
 
 Goods manufactured from articles pledged 87 
 
 Lien on Debtors' shares, itc 87 
 
 Penalty for alienating goods secured 87 
 
 Penalty for making false statement. ..... 87 
 
 Penalty foi contravention of any jiart of 
 
 sections 64 to 78 88 
 
 Prior claim of Hank, &c 87 
 
 Transfer of shares in case of sale 84 
 
 Truc^is, Bank not bound to see to in re 
 
 deposits 89 
 
 Usury, no instrument to be void on that 
 
 ground 88 
 
 Warehouse Receipts as collateral 86 
 
 may exchange for Hill of Lading 87 
 
 Capital Stock 71 
 
 Approval of Treasury Board 71 
 
 Page 
 
 Banks and Banking— 0«//;/«ci^/. 
 
 Capital .Slock — CoiiliiiiicJ. 
 
 Caijital .Stock may be reduced 7* 
 
 Increase of ( apilal 71 
 
 Shareholders, Reduction not to affect 
 
 liability of. 72 
 
 Statements to be submitted. 72 
 
 Slock, how it shall be allotted 72 
 
 .Slock may be reduced. .. 72 
 
 Treasury Hoard, Approval and Cert ilicaleof 72 
 
 Connnencemenl of Act, and Repeal 94 
 
 .\i Is Ke|)ealed 94 
 
 Repeal of certain Acts 94 
 
 Saving Clause 95 
 
 1 )ivideniis 77 
 
 Capital lost 10 be made good 78 
 
 Dividends not to impair Capital 77 
 
 Dominion Government Cheques to be paid 
 
 at par 94 
 
 Form of security under section 74 96 
 
 Incorporntiiii and organization of Banks. ... 67 
 
 Capital .'^lock 67 
 
 Certificate, when it may issue and if not 
 
 granted 68 
 
 Directors, Flection of 67 
 
 Disposal of amount deposited with Minis- 
 ter of Finance 68 
 
 Minister of Finance, Disposal of amount 
 
 deposited with 68 
 
 Notice of Meeting 67 
 
 Opening of Hooks 67 
 
 Provisional Directors 67 
 
 Special Act, what is to be provided therein 67 
 
 Subscribers, First meeting of. 67 
 
 Insolvency 92 
 
 Calls, how enforced, refusal to make, and 
 
 under Winding-up Act 93 
 
 Directors liability not diminished 93 
 
 Insolvency and what constitutes it 92 
 
 Insulticiency of Assets, liability of share- 
 holders in such case 92 
 
 Liability of shareholders who have trans- 
 ferred their stock 93 
 
 Misdemeanor, Refusal to make Calls. ... 93 
 Shareholders' liability in case of insuffici- 
 ency of Assets 92 
 
 Statute of limitations, provision as to pre- 
 scription and retroaction 92 
 
 Suspension for 90 days to constitute in- 
 solvency 92 
 
 Internal Regulations 68 
 
 HaiKiue du I'euple excepted., 69 
 
 By-laws to be made, and certain of them 
 
 continued 68 
 
 Casting vote and joint holders of shares. . 71 
 Directors, Board of. Qualification, Elec- 
 tion, notice, &c 69-70 
 
 Election in case of failure 70 
 
 Guarantee and Pension Fund 69 
 
 Majority to be British subjects 71 
 
 OHicers, Appointment of 70 
 
 Proxies, Renewal of. 71 
 
xu 
 
 General Index. 
 
 Pace 
 Banks and Banking— Conlinued. 
 
 Internal Regulations — Continued. 
 
 President, Klection of 70 
 
 Securities to be given, &c 70 
 
 Vacancies, how filled 70 
 
 Votes, I'rovision when e(|ual 69 
 
 Voting, (alls must be paid before 71 
 
 Interpretation 65 
 
 Bill of Lading 65 
 
 Manufacturer 65 
 
 Merchandise, Goods, &c 65 
 
 The Hank, its Interpretation 65 
 
 Treasury Board, dehnitions, &c 65 
 
 Warehouse Receipt 65 
 
 New Banks, Form of Act of Incorporation. 96 
 
 Offences and Penalties 93 
 
 Misdemeanor, giving preference to a 
 
 Creditor 9394 
 
 Penalties, recovery and disposal of. 94 
 
 Penalty for offence against this Act .... 94 
 
 Unauthorized use of title of Bank 94 
 
 Public Notices, hi)W given, &c 94 
 
 Returns by the Bank 90 
 
 Assets and Liabilities ; Form of Return of 97 
 
 Details of List of Shareholders 91 
 
 Disposal of unclaimed moneys 91 
 
 Dividends remaining'unpaid, Annual State- 
 ment of 91 
 
 Minister of Finance to receive List of 
 
 Shareholders 91 
 
 Mode of Transmission, &c 91 
 
 Notes outstanding in case of insolvency . . 92 
 Returns, monthly, to Government ; pen- 
 alty for not sending in due time .... 90 
 Shareholders, Certified Li.st of, to be sent 90 
 Special returns may be demanded, penalty 
 
 for not sending in due time 90 
 
 Return to Finance Department, Form of; 
 
 (schedule D) 97 
 
 Shares and Calls 73 
 
 Forfeiture of Shares for non-payment, and 
 
 sale in such case 73 
 
 Payment of Shares 73 
 
 Recovery of Calls by suit 74 
 
 Shares and transfer thereof 73 
 
 Subscription, Books of, 10% payable 
 
 thereon 73 
 
 Time of Calls and notice 73 
 
 What only need be proved 74 
 
 Short Title 65 
 
 Transfer and Transmission of Shares 74 
 
 Bank not bound to see to Trusts 76 
 
 Decease, Transmission by 76 
 
 Executors and Trustees not liable ; excep- 
 tion 77 
 
 Marriage, Transmission by, of female 
 
 shareholders 75 
 
 Shares, Transmission of, other than by 
 
 Transfer, how authenticated 75 
 
 Treasury Board 65 
 
 Banking Systems, Synopsis of i 
 
 Banks, Chartered, (see Chartered Banks) . . 20 
 Banks, Chartered, having gone into liqui- 
 dation 42 
 
 Banks, Chartered, in Cities and Towns ; 
 
 Managers and Solicitors 34 
 
 Banks having merged into other 42 
 
 Bank Managers 34 
 
 Banks, Private 43 
 
 Bank Solicitors and Commercial Lavv^ers 47 
 
 Bank Statements, Assets and liabilities. 50 
 
 Page 
 Bills of Exchange, Cheques and Promis- ^ 
 
 sory Notes 1 58 
 
 Acceptance, Definition and re(iuisites of, . . 177 
 
 General and ([ualified 177 
 
 Option of hol'i-jr to take l6a 
 
 Time for 162 
 
 And payment for honor 177 
 
 Attestation and basis thereof. . 178 
 
 Computation of Time 177 
 
 Delivery to payer for honor 178 
 
 Ffi'ect of refusal to receive payment 178 
 
 E.\cuses for delay in presenting 177 
 
 Liabilities and rights in case of payment . 178 
 
 Liability of acceptor for honor 178 
 
 Payment for honor supra protest 178 
 
 Protest for non-payment 177 
 
 Time for presentment 177 
 
 To whcmi liable when accepted for honor 177 
 
 Bill in a Set 178 
 
 Acceptance 179 
 
 Bills in Sets as one 178 
 
 Discharge 178 
 
 Indorsed to different persons 178 
 
 Negotiated to different holders 1 78 
 
 Bills of Kxchange, Form and interpretation 159 
 
 Acceptance defined 162 
 
 Time for 162 
 
 General and qualified 162 
 
 When overdue, &c 160 
 
 As to subsequent holder 163 
 
 Bill not invalid 159 
 
 Bill of Kxchange defined 159 
 
 Bill prima facie evidence 163 
 
 Bills, Inland and foreign 159 
 
 Bills payable on demand 160 
 
 Bills payable at a future time 160 
 
 Bills valid, but not negotiable 160 
 
 Bills, whether payable to order or to 
 
 bearer 160 
 
 Certain datings not to invalidate 161 
 
 Case of need i6i. 
 
 Computing time, &c 161 
 
 Contingencies, As to 160 
 
 Contract, when complete, &c 163 
 
 Date, a wrong one given 160 
 
 Omission of 160 
 
 Payable after, &c 160 
 
 Days, months, &c 162 
 
 Days of grace 161 
 
 Discrepancy between figures and word . 160 
 
 Dishonor, Date of, in case of acceptance 162 
 
 Drawee, when more than one 159 
 
 Holidays in Province of Quebec i6l 
 
 the other Provinces 161 
 
 Inchoate instruments 163 
 
 when to be filled up, &c 163 
 
 Interest defined 160 
 
 Non-judicial days and holidays 161 
 
 Optional stipulations by drawer or en- 
 dorser 162 
 
 Payer, if non-existing 159 
 
 Option of 160 
 
 Reckoning of time 162 
 
 Sum payable 160 
 
 When contract is valid 163 
 
 Capacity and authority of parties 163 
 
 Capacity of parties 163 
 
 Corporations, As to 163 
 
 Drawing by persons not competent 164 
 
 Endorsing by persons not competent. ... 164 
 
 Forged signatures 164 
 
General Index. 
 
 xiii 
 
 Page 
 
 158 
 >77 
 177 
 162 
 162 
 
 177 
 178 
 
 177 
 178 
 178 
 177 
 178 
 178 
 178 
 177 
 •77 
 177 
 178 
 
 179 
 
 178 
 178 
 178 
 178 
 
 159 
 162 
 162 
 162 
 160 
 163 
 159 
 159 
 163 
 
 '59 
 160 
 160 
 160 
 
 160 
 161 
 16^ 
 161 
 160 
 
 163 
 160 
 160 
 160 
 162 
 161 
 160 
 : 162 
 
 159 
 161 
 161 
 163 
 
 . 163 
 160 
 161 
 
 162 
 
 • 159 
 160 
 162 
 160 
 
 . 163 
 163 
 
 . 163 
 163 
 164 
 164 
 164 
 
 I'AOF, 
 
 Bills of Exchange, See— Continued. 
 Capacity ami autliority, kc. — Coutinued. 
 
 I'rocuration signatures 164 
 
 Proviso as to forged or unauthorized 
 
 signatures 164 
 
 Rule for tlie (It'terminatinn of signatures. . 164 
 
 Signing in representative capacity 164 
 
 Unauthorized signature 164 
 
 Che(|ues on a lianlv 180 
 
 Certain provisions 180 
 
 Cheque defined 180 
 
 Presenting chc'|ue for (layment 180 
 
 Revocation of a Hank's authority to pay a 
 
 cheque 180 
 
 Conflict of Laws 1 79 
 
 Pills, currency in which payable 179 
 
 Date Pill is due 179 
 
 Drawing, Enilorsenient, 4c 179 
 
 Duties of holder 1 79 
 
 Kvidence of I'rotest 179 
 
 Proviso, tor endorsement, draw'g,&c 179 
 
 Proviso in conflict of Laws 1 79 
 
 Rules where Laws conflict 179 
 
 Validity, how determined 1 79 
 
 Consideration for a Hill 165 
 
 Accommodation ))arty to a Pill 165 
 
 Hill, when held for value 165 
 
 Consideration, Valuable, how constituted 165 
 
 Holder of Hill in due course 165 
 
 Liability of accommodation party 165 
 
 of transferee 166 
 
 Lien on Bill 165 
 
 Penalty >e Patent Right Hill 166 
 
 Presumptiou of value and good faith, and 
 
 upon whom it rests to ])rove it 165 
 
 Purchase money of Patent Right, &c. . . . l66 
 
 Rights of subsequent holder 165 
 
 Title, defective in certain cases 165 
 
 Usurious consideration 165 
 
 Crossed Cheques 181 
 
 Crossing a material part of cheque 180 
 
 defined 180 
 
 by Hank 181 
 
 general 181 
 
 special 180 
 
 special and general maybe varied '80 
 
 Duties of Hank as to crossed cheques. . . . 181 
 
 Effect on holder 181 
 
 Liability for improper payment 181 
 
 Protection to Hank an(l drawer 181 
 
 Protection to collecting Hank 161 
 
 Recrossing for collection 161 
 
 Uncrossing crossed cheque 161 
 
 Discharge of Hill 1 76 
 
 Acceptor, the holder at maturity 176 
 
 Accommodation Bill 176 
 
 Alteration of Hill 176 
 
 Cancellation of Bill or of any signature . . 176 
 
 Discharge by payment 176 
 
 Erroneous cancellation 176 
 
 P^xpress waiver 176 
 
 Proviso as to alteration of Hill 177 
 
 What are material alterations 177 
 
 Forms to be used in compliance with the 
 
 requirements of this Act 185 
 
 General duties of the holder 168 
 
 Acceptance, Qualified 169 
 
 Partial 169 
 
 Taken without authority . . . 169 
 
 What shall be deemed assent 169 
 
 When necessary for 168 
 
 Bills of Exchangee, &c.— Continued. 
 General duties of the holder — Continued. 
 Acceptor, To be liable, does not necessi- 
 tate presentment for payment 
 
 Acceptor, Liability of, as to jiresentnient. 
 Hill, Non-acceptance, [dishonor by, and 
 
 recourse in such case 
 
 Hill, E.'Ccuses for non-presentment 
 
 Hill payable after sight, time for present- 
 ment, if not presented within a rea- 
 sonable time 
 
 Bill, Rules as to presentment or accept- 
 ance 
 
 Dishonor, by miscarriage in post service. 
 Dishonor, by non-payment, and recourse 
 
 in such case 
 
 Excuses for non-notice and delay 
 
 Foreign Hill, Protest of. 
 
 Notice of, and elTects of non-notice 
 
 Notice to antecedent parties 
 
 Rules as to notice of Bill in hands of 
 
 agent 
 
 Time for noting and subsequent protes*.. 
 
 When the acceptor is insolvent 
 
 Where Hill must be jirotested 
 
 When notice is dispensed with 
 
 With noting or protest 
 
 When notice shall be given 
 
 Otlicer of Hank not to act as notary 
 
 I'resenlment dispensed with 
 
 Excuse for delay in 
 
 For p.ayment 
 
 Rules as to 
 
 Protest, Excuses for non- 
 
 If Hill is lost 
 
 What shall be set forth 
 
 Liabilities of Parties 
 
 Dishonored Hill, Damages against parties 
 
 to 
 
 Funds in hands of drawer 
 
 Li d)ility of acceptor 
 
 drawer 
 
 indorser 
 
 transferrer by delivery 
 
 Stranger signing Hill liable as mdorser . . 
 
 Warranty of Transferrer by delivery 
 
 Lost Instrument 
 
 Action on Lost Hill, 
 
 Holder's right to duplicate of Lost Bill, 
 
 and if refused 
 
 Negotiation of Bills 
 
 Application of .Vet to indorsee 
 
 Hills when deemed overdue 
 
 Hills without indorsement 
 
 Indorsement, Older of 
 
 Negotiable Hill, when it ceases to be so. 
 
 Negotiation of Hill to bearer 
 
 to order 
 
 to party already liable thereon 
 
 overdue Hills 
 
 Presunqition as to 
 
 Personal liability may be avoided 
 
 Rights of the holder of a Hill 
 
 Rights of indorsee, Restructive indorse- 
 ment 
 
 Taking Hill subsequent to dishonor 
 
 Transfer if authorized 
 
 Valid indorsements, Requisites of 
 
 Preliminary 
 
 Definition of. 
 
 Acceptance 
 
 Page 
 
 174 
 •74 
 
 169 
 169 
 
 169 
 
 168 
 172 
 
 171 
 172 
 
 173 
 171 
 172 
 
 172 
 •73 
 •74 
 •74 
 •73 
 •73 
 172 
 
 •74 
 
 • 71 
 170 
 169 
 170 
 •74 
 
 • 74 
 174 
 •74 
 
 •75 
 •74 
 •74 
 •7S 
 •75 
 176 
 
 •75 
 176 
 178 
 178 
 
 178 
 166 
 167 
 166 
 1 66 
 167 
 167 
 166 
 166 
 168 
 167 
 167 
 166 
 168 
 
 •67 
 168 
 167 
 166 
 •58 
 '58 
 158 
 
XIV 
 
 General Index. 
 
 Page 
 Bills of Exchange, Scc—ConlvtueJ. 
 Definition — Coii/iitiuu/. 
 
 Action 158 
 
 Bank 158 
 
 Bearer 1 58 
 
 Bill 158 
 
 Defence— Delivery 1 58 
 
 Holder 158 
 
 Indorsement' 158 
 
 Interpretation 158 
 
 Issue 1 58 
 
 Note 158 
 
 Short Title 158 
 
 Promissory Notes 182 
 
 Application of Part II. to notes 183 
 
 C0llater.1l Pledge does not invalidate. . . . 182 
 
 Corresponding Terms 183 
 
 Foreign Notes, dishonoured 183 
 
 Indorsement by maker 1S2 
 
 Liability, What constitutes. 183 
 
 of maker 1 83 
 
 Notes — Inland and I''()reign 182 
 
 Joint and Several 182 
 
 Payable on demand 182 
 
 Presentment for payment 182 
 
 Promissory Note defined , . 182 
 
 Repealed, Provisions, which do not apply 184 
 
 Enactments 190 
 
 Supplementary 183 
 
 Acts, Commencement of 184 
 
 Construction with other 184 
 
 Imperial, not to apply 184 
 
 Bank Act not affected 184 
 
 Computation of Time 183 
 
 Corporations, As to 183 
 
 Evidence in relation to protest, &c 184 
 
 Expenses in noting and protesting 184 
 
 Fees chargeable and Forms used 1 84 
 
 Good faith 183 
 
 Noting, when equivalent to protest 183 
 
 Protest when notary is not accessible .... 184 
 Repeal of certain enactments, and jiroviso 184 
 
 .Signature 183 
 
 Brokers, List of Stock and Money 60 
 
 Building Societies, Statistics of 250 
 
 Canals, Cost of construction and repairs . 276 
 
 Capital Expenditure 240 
 
 Chartered Banks, Directors and Foreign 
 
 Agents 20 
 
 Bank of British Columbia 33 
 
 Bank of British North America 27 
 
 Bank of Hamilton 24-320 
 
 Bank of Montreal 29-305 
 
 Bank of New Brunswick 32 
 
 Bank of Nova Scotia 30 
 
 Bank of Ottawa 21 
 
 Bank of Toronto 20-323 
 
 Bank of Yarmouth 31 
 
 Banque d'Hochelaga 29 
 
 Banque de St. Hyacinthe 25 
 
 Bamjue de St. Jean 24 
 
 Banque du Peuple 26-317 
 
 Banque Jac (ues Cartier 27-325 
 
 Banque Nationale 27-326 
 
 Banque Ville Marie 26-327 
 
 Canadian Bank of Commerce 22-309 
 
 Commercial Bank of Newfoundland .... 33 
 
 Manitoba 33 
 
 Windsor 32 
 
 Dominion Bank 20-326 
 
 Eastern Townships Bank 24-327 
 
 Exchange Bank of Yarmouth 31 
 
 Paoe 
 Chartered Banks, Scc—Cph/ihim/. 
 
 Directors and I'oreign Agents — Continued. 
 
 Halifax Hanking Company 31 
 
 Imperial Dank 23-321 
 
 Merchants Bank of Canada 28-311 
 
 Halifax 30 
 
 Prince Edward Island 32 
 
 Molsons Bank 29 
 
 Ontario Bank 23-321 
 
 People's Bank of I lalifax 29 
 
 New Brunswick 32 
 
 Quebec Bank 25-324 
 
 Standard liank 20 
 
 St. Stephen's Bank 32 
 
 Summerside Bank 33 
 
 Traders' fiank 23 
 
 Union liank of Canada 25 
 
 Halifax 31 
 
 Xewfoundlan<l 33 
 
 Western Hank of Canada 24 
 
 Chartered Banks, Managers and Bank 
 
 Solicitors 34 
 
 Commercial Lawyers, List of 47 
 
 Consumption of certain goods 291 
 
 Currency, An Act respecting 129 
 
 Canadian Currency, how to be calculated 131 
 Currency, amount to be tendered in one 
 
 payment 130 
 
 Currency, Can.adian, standard of value. . 129 
 
 Denomination 129 
 
 Currency, Public accounts, Ac, to be 
 
 kejit in Canadian 129 
 
 Defaced Coins not a legal tender 131 
 
 Debts contracted in B.C. and P. E.I. be- 
 fore 1st July, 1S81, how dealt with . 131 
 Gold coins m.ay be struck for Canada . . . 129 
 
 Proof of date of coin 131 
 
 Payments in Nova Scotia after July 1st, 
 1871, to be made in Canadian Cur- 
 rency 131 
 
 .Silver anti Copper Coins struck for Can- 
 ada only to be used as legal tender. . 130 
 Sums mentioned in certain Acts to be in 
 
 the Currency of Canada 131 
 
 United States Eagle Coins, proviso 130 
 
 Debt of Canada 206 
 
 Deposits of the People in Banks, etc 204 
 
 Dominion Notes, An Act respecting 132 
 
 Debentures may be delivered to the Min- 
 ister of Finance and disposed of by 
 
 him for purposes of this Act 133 
 
 Dominion Notes, Amount to be issued 
 
 against gold only 133 
 
 Dominion Notes, .Vmraunt in gold to be 
 held for their security, also unguaran- 
 teed debentures 132 
 
 Dominion Notes, Amount of 132 
 
 Issue of 132 
 
 Monthly statements. . . 133 
 to be published by Min- 
 ister of Finance .... 133 
 
 Dominion Notes to be legal lender 133 
 
 Interpretation 132 
 
 Offices for the distribution and redemp- 
 tion of notes, where situated, iS:c. . . 133 
 
 Redemiition of Provincial Notes 134 
 
 Dominion Notes, Officers controlling the 
 
 issue 19 
 
 Duty Collected 261 
 
 Expenditure on account of Capital 240 
 
 Expenditure on account of Consolidated 
 
 Fund 230 
 
 E] 
 Fi 
 Fi 
 Fii 
 Fii 
 Ge 
 Go 
 Go 
 Im 
 Inl 
 Inl 
 Inc 
 Ins 
 
 '* 
 
TiENEHAL Index. 
 
 XV 
 
 I'AOE 
 
 
 31 
 
 ..23-321 
 
 ..28- 
 
 -3n 
 
 
 30 
 
 l.l 
 
 32 
 
 
 29 
 
 .•23-32« 
 
 
 29 
 
 
 3-8 
 
 ••25-324 
 
 
 20 
 
 
 32 
 
 , . 
 
 33 
 
 , , 
 
 as 
 
 , . 
 
 2S 
 
 
 31 
 
 
 33 
 
 
 24 
 
 Jik 
 
 
 
 34 
 
 
 47 
 
 
 291 
 
 
 129 
 
 tell 
 
 131 
 
 one 
 
 
 , . 
 
 130 
 
 e. . 
 
 129 
 
 
 129 
 
 be 
 
 
 . . • 
 
 129 
 
 
 131 
 
 'be- 
 
 
 th. 
 
 I3« 
 
 . . . 
 
 129 
 
 
 131 
 
 I3« 
 130 
 
 131 
 
 130 
 206 
 204 
 132 
 
 133 
 133 
 
 
 1.^2 
 
 
 132 
 
 
 132 
 
 s. . . 
 
 133 
 
 Min- 
 
 
 
 133 
 
 .... 
 
 133 
 
 
 133 
 
 emp- 
 
 
 ;c. . . 
 
 133 
 
 
 1,34 
 
 • the 
 
 
 
 19 
 
 
 261 
 
 
 240 
 
 230 
 
 Pac.r 
 
 Exports, Imports, &c., of Canada 256 
 
 Finance, Acts relating to 64 
 
 Fire Insurance Statistics 243 
 
 Fisheries, Statistics of 280 
 
 Funded Debt of Canada 235 
 
 Geological Survey, Mineral products 303 
 
 Goods entered for consumption 260 
 
 Government Savings Banks 242 
 
 Imports and Exports of Canada 256 
 
 Inland Coasting Certificates 281 
 
 Inland Revenue, Receipts and Expenditure 2S7 
 
 Indian Affairs, Deptartment of 302 
 
 Insolvent Banks, Insurance Companies, 
 
 Loan Companies, &c 100 
 
 ,\|iin.';ils -To what court and before what 
 
 jii<lt;es., . 114 
 
 A|i])eals, Trnctice of 114 
 
 .Security on, and linio for limilcil 114 
 .Appeals, if not proceeded with may be 
 
 (lisniis.sed 114 
 
 .\pplicalion of Act loi 
 
 Certain corporations excepted loi 
 
 sections to apply loi 
 
 Contributories, List of I07 
 
 Contributorics, Hooks of Company prima 
 
 facie evidence I09 
 
 Contribulories, Distinguished between 
 those in llieir own rii;lit and tliose in 
 
 a representative capacity loS 
 
 Contribulories, When Calls may be nade 
 
 upon ; proviso 109 
 
 Conlrilmtoiy, About to abscond, may be 
 
 arrested and papers seized 109 
 
 Court may order debtor of Company to pay 108 
 Court may allow inspection of Company's 
 
 books, <.\:c 108 
 
 Distribution of surplus 109 
 
 Liability, After transfer of shares 108 
 
 Of a contributory, nature ol. . . 108 
 Liability of Sbarcliolilcis or their repre- 
 sentatives io8 
 
 Trustee of Company may be ordere<l to 
 pay over balance and deliver books, 
 
 &c 108 
 
 N'ote, Person entitled to, may do so jier- 
 
 sonally or by proxy no 
 
 Creditors claims no 
 
 Assets may be distributed after lime for 
 
 sending; claims no 
 
 Creditors holding; security, Duty of n 1 
 
 may be comprondsed with .... 1 10 
 
 naist send in claims no 
 
 Debts that may be proved against the 
 
 Company no 
 
 Dislrilmlion of property of the Company. 1 10 
 
 Dividend or claim may be objected to. . . 112 
 
 Objections to be tiled in writing 112 
 
 Answers and replies n2 
 
 Day to be lixed for hearing n2 
 
 Costs n 2 
 
 If claimant does not answer 112 
 
 Security for Costs 112 
 
 Employees privileges, &c no 
 
 l.ien — None by judgment and execution, 
 
 except for costs 112 
 
 Liquidators, duly if a secured iliiim is filed 1 1 1 
 Mortgage on a ship or real properly, as 
 
 .security, and subsecpient claims ni 
 
 Rank, &c. , on dividend sheet M2 
 
 Set oil, Law of, to apply no 
 
 Fraudulent [irelereuces n2 
 
 Contracts, Gratuitous, to he void n2 
 
 Paob 
 Insolvent Banks, Blc- -Continued. 
 
 I'raudulent preferences -Continued. 
 
 Contracts, Injuring or obstructing II3 
 
 Contracts made in fraud, or to obstruct or 
 
 delay Creditor.s n3 
 
 Contracts with consideration, when 
 
 voidable W}, 
 
 Debts of Companies transferr'."d to con- 
 tributories n^ 
 
 Payments by Company, when void 113 
 
 Proviso 114 
 
 Securities given by Company for jiay- 
 
 ment when void n3 
 
 Interpretation too 
 
 Delinition of the following phrases : 
 "Company," Insurance Company and 
 
 " Trading Company " 100 
 
 " Court," " Ofticial (iazette," "C(mtril)U- 
 
 tory " and " Winding-up Order "... loi 
 
 Litpiidators ; 104 
 
 lialance on hand, how disposed of 107 
 
 Bank Hook to be produced 107 
 
 liankruincy, Proving in 106 
 
 Business of the Company 105 
 
 Debts may be compromised 106 
 
 Directors powers 106 
 
 ( leneral Act 106 
 
 Powers 106 
 
 Lii|uidator 105 
 
 Additional 105 
 
 An Incorporated Co 105 
 
 May act 105 
 
 Descrijition of 105 
 
 Duties of IDS 
 
 In the case of no 105 
 
 Provisional 105 
 
 Quorum of. 105 
 
 Remuneration of 105 
 
 Resignation or Removal 105 
 
 Security to be given 105 
 
 Moneys, how disposed of 106 
 
 In whose name deposited 107 
 
 Moneys, if not claimed, to be paid to 
 
 Receiver-Cieneral 107 
 
 Pa.ss Book to be produced on order of 
 
 Court 107 
 
 Penalty for neglect to deposit 107 
 
 Property, Disposal of 106 
 
 Raising funds 106 
 
 Remedies against estate 107 
 
 Solicitor may be appointed 106 
 
 OlTences n8 
 
 Misdemeanor, Destroying books, iXc. . . . n8 
 Officers of the Company may be crimin- 
 ally proceeded against n8 
 
 I'rocedure 115 
 
 Atlidavits, before whom made 116 
 
 Attachment, how effected ns 
 
 Auxilliary Courts n6 
 
 Costs payable out of estate 117 
 
 Court, how powers n;^y be exercised. . . . 
 
 in Ontario ns 
 
 Court, order of one C'ourt to be enforced 
 
 by another n6 
 
 Court, orders to be judgments and how 
 
 executed 115 
 
 Court, Powers conferred upon, by this Act 1 17 
 
 Kxaunnation oaths ns 
 
 Irregularity not to void proceedings 116 
 
 Judges may make rules 117 
 
 Lien on papers, proviso as to n5 
 
 Money misapplied, consequence n6 
 
r*^ 
 
 XVI 
 
 Geneual Index. 
 
 Park 
 Insolvent Banks, Bic.—Conlinued. 
 
 I'riici'diirc Conliiiiitui. 
 
 I'ersons to be examined IIS 
 
 Kedisal to answer, contempt 1 16 
 
 Rules of Procedure 1 16 
 
 Seals, judicial, notice of 1 17 
 
 S\inin)i>ns in case of refusal to obey 115 
 
 Until rules arc made 1 17 
 
 Witnesses' atlendance 115 
 
 l'riiceedinf;s for Windin^j-up order 102 
 
 Application, if company opposes 103 
 
 powers of ('ci\irl on 103 
 
 Company, action ayainst may be re- 
 strained 103 
 
 Lirpiidation, as to companies in, date, 
 
 I7tli May, 1882 103 
 
 I'owcr of Court after report oi, enquiry. . I03 
 Proceeding's may be adjourned and an 
 
 cn()uiry ordered 103 
 
 Punishment for refusal to (jive information 103 
 
 \Vindin(;-Hp, application to Court for order 102 
 
 when it conmiences 102 
 
 Proceedings after winiling-up order is made 104 
 
 Actions stayed after windinf;-up order. , . 104 
 
 Company to cease business . 104 
 
 Creditors' wishes, how ascertained 104 
 
 Kxecutions aj^ainst company void 104 
 
 Number of votes on shares and amount 
 
 of claim, Court may demand proof. . 104 
 
 Transfer of shares void 104 
 
 Winding-up proccediiij^s may be stayed. . 104 
 
 Provisions applicable to Hanks 1 18 
 
 Hanks, provisiims api)licable to 118 
 
 win<ling-up order, in case of. ... . 1 18 
 
 Dividends, reservations of 119 
 
 Liquidators, aiipointment of 119 
 
 if not nominated 119 
 
 Notice, sufficient, to note holders 119 
 
 Shareholders and creditors, chairman of 
 
 meetings 119 
 
 Votes, chairman to report result 118 
 
 scale of 118 
 
 Provisions applicable to Insurance Com- 
 
 l)anies other than Life Insurance 
 
 Companies 122 
 
 Assets, payment of transfer 124 
 
 Collection of policy 123 
 
 Claim accruing after 30 days 124 
 
 Claim after winding-up order within 30 
 
 days 123 
 
 Creditor, notice to each 123 
 
 Insolvent, when a company shall be 122 
 
 Insurance Companies other than Life, 
 
 provisions applicable to 122 
 
 Liquidators statement to be made 1 23 
 
 Notice, what deemed sufficient 124 
 
 Policies on which no claim has accrued. . 122 
 
 Proceeds, application of 123 
 
 Receiver-General, applicaticm of deposit. 122 
 
 Re-insurance of risks 124 
 
 Securities, sale of. 123 
 
 Superintendcni of Insurance, copy to be 
 
 filed with 123 
 
 Superintendent of Insurance, report to. . . 124 
 
 Surplus, application of 124 
 
 Provisions applicable to Life Insurance 
 
 Companies I19 
 
 Claims accruing within 30 days after- 
 
 winding-up order 121 
 
 Claims accruing after 30 days 12' 
 
 if assets do not cover 120 
 
 Insolvent Banks, Ac— Continue,/. 
 
 Provisions as to Life Ins. (.'x>.'<i —Continued, 
 
 Cost of valuation 
 
 Companies incorporated out of Canada. . 
 
 Contestation, in case of 
 
 Deposits, application in case of insfilvency 
 Insurance in another company, willing- 
 ness to accept 
 
 Life Insurance Com|>anies, provisions np- 
 
 |)licable to 
 
 License withdrawn, liable as for insol- 
 vency 
 
 Li<luidalor to prepare .statement of cred- 
 itors 
 
 Policies, value, on what basis 
 
 Policy-holders, wliat is sufficient notice to 
 insured on mutual plan. . . 
 
 rights of 
 
 If cancelled 
 
 Proccds, distribution of. 
 
 Securities, sale of on com|)letion of sched- 
 ule 
 
 Superintendent of Insurance, statement 
 
 to be filed with 
 
 .Superintendent of Insurance, re|H5rt to.. 
 
 Unrlaime<i dividends 
 
 ReceiverCif neral to receive payment of. 
 
 When Company is deemed Insolvent 
 
 Company, When deemed Insolvent 
 
 When unable to pay its debts. 
 
 Winding-up Act Amendment 
 
 Application, Where to be made and by 
 
 whom 
 
 Interpretation ' ■ • ■ 
 
 Powers of the Court 
 
 Short Title 
 
 Winding-up 
 
 Opposition to application 
 
 Liquidators, Powers of. 
 
 Meetings, Cliairman at 
 
 Section 67, Original Act Amended 
 
 Amended 
 
 Amended 
 
 Repealed 
 
 Application of. . 
 
 Nomination, When no 
 
 Process, Service of 
 
 Court — Exercise of its power 
 
 Procedure 
 
 Insurance Statistics, Fire 
 
 Life 
 
 Insurance, An Act respecting 
 
 Annual returns l>y Companies 
 
 Hlank forms as to Can.a<lian business. . . . 
 Statement jirepared yearly for Minister of 
 
 I'inance 
 
 Statement, what it must show 
 
 form of and time of deposit 
 
 by Life Companies 
 
 Statement, preliminary abstracts 
 
 Fire and Marine Companies . 
 
 to be sworn to 
 
 Minister may alter form of. . . 
 yearly by companies incor- 
 porated out of Canada .... 
 
 .Application of Act 
 
 .\ct, non-npplication of 
 
 Company may avail itself of Act 
 
 Policies prior to 22nd M.iy, 1S68 
 
 Provincial Acts, certain companies under 
 
 I'AtiE 
 
 77, 
 
 do 
 
 lOI, 
 
 do 
 
 102, 
 
 do 
 
 73. 
 
 do 
 
 120 
 1 30 
 
 121 
 
 119 
 
 121 
 
 119 
 
 119 
 
 119 
 120 
 122 
 120 
 119 
 121 
 120 
 
 120 
 
 121 
 122 
 
 117 
 
 117 
 102 
 102 
 102 
 
 125 
 
 126 
 
 '25 
 126 
 I2S 
 
 I2S 
 126 
 127 
 127 
 127 
 128 
 127 
 127 
 127 
 127 
 127 
 128 
 128 
 
 »*3 
 2^8 
 
 '35 
 140 
 141 
 
 140 
 140 
 
 140 
 140 
 140 
 141 
 141 
 
 141 
 
 136 
 136 
 '36 
 '36 
 '36 
 
Henkhai, Indkx. 
 
 I'AliP. 
 
 I'AC.R I 
 
 Insurance, An Act respecting Continued, 
 hciiii^ii^ In 1)0 made before the issue of 
 
 licfiue IJ7 
 
 (.'i)iii|)aiiies incorpor.iti'il nut nf Canada. . ijo 
 wliiili ^avL' iiDlicc lirfore Jlst 
 
 Maroli, 1878 138 
 
 Deposits and assets, how vested I j8 
 
 I'dialty for dffault 138 
 
 Securities, delicictuy to lie made (jood. , 137 
 deposit of with Minister of 
 
 Finance 1 37 
 
 Securities, further deposit if decdine in. . . 137 
 interest thereon an<l when 
 
 payniilo 13S 
 
 Securities, nature of 137 
 
 reU'ase of surplus 138 
 
 shonhl tliey (Uvliiie in vahie . . 137 
 
 vahialion of, when payable.. . 138 
 valuation of (,'onipanies in 
 Uirited Kingdom and L'nite<l 
 
 States 137 
 
 Trust Deed 138 
 
 Documents to be tiled 138 
 
 Chanjjcs in chief agency 139 
 
 Charter, copy of. 138 
 
 no change to be made in 139 
 
 Documents, duplicates of 139 
 
 I'ower of .\ttorney lo Canadian Agent.. 139 
 
 nuist contain 139 
 
 Process service, if proviiled for 139 
 
 Statement of Company's all'airs 139 
 
 Insurance other than Life, I'ire or Inland 
 
 Marine 151 
 
 rcrmission of Company to transact busi- 
 ness 151 
 
 Minister's powars in relation to Com- 
 panies 151 
 
 Penalty for contravention 151 
 
 Ocean Marine Companies exempted 151 
 
 Interpretation 135 
 
 Agent 135 
 
 t'anailian Company 135 
 
 I'olicy 135 
 
 Policy holder 136 
 
 Chief .\gency 135 
 
 Comjiany 135 
 
 Inland Marine Insurance 135 
 
 Interpretation 135 
 
 License 1 36 
 
 Minister 136 
 
 Policy holder in Canada 136 
 
 Superintendent 135 
 
 Licenses i j() 
 
 License to issue on certain conditions only 130 
 
 I'orm and duration of 136 
 
 License, What Companies may transact 
 Life, Fire or Inland Marine Insur- 
 ance 1 36 
 
 Notice of Licen.se 140 
 
 (!oni))any to give notice of license 140 
 
 Notice of ceasing to lo business 140 
 
 Penalties and Forfeitures 141 
 
 .•Vets, .Special, duration limited 142 
 
 Penalty, Application of 141 
 
 Penalty for issuing policy in contravention 141 
 Penalty for violating certain sections of 
 
 -Vet 141 
 
 Penally for withdrawal of license for non- 
 
 |iaynient of 141 
 
 Prosecution, Time for, limited 142 
 
 xvn 
 
 Pack 
 
 Insurance, An Act respecting - Contimud. 
 Provisions relating to Fire and Inlanil 
 
 Marine Insurance tSO 
 
 Companies cea.-,ing to do business and re- 
 
 iease of deposit 1 50 
 
 Inland Marine, Provisions applicable lo. 150 
 
 Licenses forfeited 1 50 
 
 Kenewal of Licenses 1 50 
 
 Release of Deposit 150 
 
 Retaining a portion to cover risks 150 
 
 Withdrawal of License IJI 
 
 Fire Policies, Duration of ISt 
 
 Provisions relating to Life Insurance 144 
 
 Application for Policies 144 
 
 .Application of moneys 148 
 
 Canada llazcltt. Publication in 146 
 
 Companies ceasing to do business and 
 
 release ol deposit 145 
 
 Conditions in Canadian Policies 149 
 
 Condilions on Policies 144 
 
 Costs 147 
 
 Death Claims to be a first charge 148 
 
 F.xcmptionsand non-compliance 148 
 
 I'orfeitures and renewal of Licenses 144 
 
 License, on what to be issued and dura- 
 lion thereof 148 
 
 Lists of Policy holders to be fded 145 
 
 .Minister, Notice lo, and disposal of Assets 145 
 Mutual, or Assessment Life .Assurance 
 
 t!ompanies 147 
 
 Penalty for using forms, iVc 149 
 
 Reserve for Canadian Policy-holders.... 146 
 
 Renewal of License ^ 145 
 
 .Societies I'^xempt from Act 149 
 
 Tenders to Policy-holders 146 
 
 Withdrawal of License for nonpayment. 144 
 
 \ early Renewal of Registration 144 
 
 Publication of licensed Companies 140 
 
 Minister to give notice 140 
 
 .Schedule of Forms, A to K 152-157 
 
 Service of Companies with |)r<)Cess 139 
 
 Process, constructive service of 140 
 
 Short title 135 
 
 Superintendent and his ihitics 142 
 
 .Annual report for Parliament 144 
 
 Appointment and salary 142 
 
 Cancellation of licen.se 143 
 
 Company to make special report 143 
 
 Duties 142 
 
 Fxamination of the alTairs of a company 
 
 oul of Canada 144 
 
 Inspection, ( iencral 142 
 
 of books and records 143 
 
 Licenses 142 
 
 t tflicers and clerks 142 
 
 Penalties when business is carried on 
 
 illegally ^.^^ 
 
 Proceedings when company is deemed 
 
 unsafe 143 
 
 Report to Minister of Finance for Parlia- 
 ment 142 
 
 Securities deposite<l. 142 
 
 Superintendent, his expenses, \r., limited 
 
 as lo hire and Marine Companies. . . 144 
 Superintendent not to be interested in 
 
 any Company 144 
 
 > ihiation of Canadian policies 143 
 
 upon what basis 143 
 
 When further en(iiiiry is necessary 142 
 
XVUl 
 
 (JENRKAh Index. 
 
 Intercolonial Railway Statistics 375 
 
 Interior Department 297 
 
 Siirvry Work 397 
 
 Distanco-i Irciiu Fori McF'horsoii 297 
 
 kecoipis and I'lxpcnililiire 298 
 
 Opt'iiiii^ and clnsinj; of McKonzio River. 301 
 
 Lawyers, List of 47 
 
 Liabilities, Bank Statement 56 
 
 of Canada, Details of 313 
 
 and Assets of Canada 336 
 
 of the Dominion, Summary of 210 
 
 Life Assurance Statistics 248 
 
 Liquidation, Banks in 42 
 
 Loan Companies in Canada, Statistics of 250 
 
 Manufactures, Return of 389 
 
 Marine Statistics 381 
 
 ( iiMir^jian Hay .Survey 381 
 
 llarlior Police 380 
 
 Inland Coaslini; Ccrtiticates 381 
 
 Now vessels built in Ooniinlon 383 
 
 Sick mariner^ 280 
 
 Steamboat Inspection 281 
 
 Tonnape of Maritime Stntes 384 
 
 Vessels and nund)er of Tons registered. . 383 
 
 Wrecks and Casualties 381 
 
 Mineral Products of Canada 303 
 
 Money Brokers, List of. 60 
 
 Money Order System 264 
 
 Money Order Transactions 265 
 
 Montreal Stock Exchange Quotations . 61 
 
 New Brunswick, Consumption per head . 292 
 
 Nova Scotia, Consumption per head 292 
 
 Official Quotations of Stocks 61 
 
 Ontario, Annual consumption per head. . 291 
 
 Patent Office Fees, &c 285 
 
 Percentage of duty on goods imported . . . 262 
 
 Post Office Savings Bank, recapitulation. 266 
 
 Business of 267 
 
 Private Banks in the several Provinces . 43 
 
 Public Buildings, Cost of 270 
 
 Quebec annual consumption 291 
 
 Railway Statistics of Cfanada 274 
 
 Intercolonial 275 
 
 Receipts and Expenditure, Dominion 208 
 
 Receipts from Consolidated Fund 227 
 
 Recapitulation of Savings Banks 241 
 
 Registered Letters, number of. 266 
 
 Revenue and Expenditure, Department of 
 
 Marine 281 
 
 Revenue per head, derived from certain 
 
 articles 294 
 
 Savings Banks in the Province of Quebec, 
 
 An Act respecting 191 
 
 Calls 192 
 
 Recovery of Calls by action 192 
 
 Stock, Calls upon 192 
 
 Charters continued under certain conditions 191 
 
 Commencement of Act 200 
 
 Act becomes law 200 
 
 R. S. C, c. 122 repealed 200 
 
 Saving Clause 200 
 
 Deposits and Loans 194 
 
 Absolute Title may be .acquired 196 
 
 Bank may purchase securities 196 
 
 Deposits Hank may receive 195 
 
 by minors 195 
 
 in Chartered Banks 197 
 
 Depositor to give name and address .... 195 
 
 Disposal of penalty. . . 197 
 
 Paob 
 Savings Banks, Quebec (''>;//// fW. 
 
 Deposits and Loans Conliiiiicii. 
 Dominion SecuritieH, Amount to lie in- 
 vested in 195 
 
 Kufonemenl of payment 196 
 
 Loans to ( lovernments and Cities 196 
 
 not to be made on Real Kstnte. . . 196 
 
 Notice by advertisement and letter 196 
 
 I'enalty for holding Real lutalc 197 
 
 Purchase of Real Instate 196 
 
 Securities r)n which loans may be made. . 196 
 
 Transfer to purchaser 196 
 
 Dividends Notice thereof 193 
 
 (jcneral Provisions 197 
 
 Hank Notes not to issue 198 
 
 not boutul to .see to trusts 198 
 
 Charity Kund at (,)ucbec 197 
 
 Disposal of Moneys 199 
 
 Distribution to charitable inMitutions. ... 197 
 
 (iuarantee and Pension I'"unds 197 
 
 Insolvency money paid to whom 199 
 
 Monthly returns to .Minister of Finance,. 198 
 
 Penally for neglect 198 
 
 Poor fund of MoiUreal 197 
 
 Siiareholders anmial list 198 
 
 .Statement of Dividei.ls unclaimed. ..... 198 
 
 what to contain 198 
 
 Statutes of Limitation 199 
 
 Internal regulaticms 191 
 
 Directors, lluir (|uali(ication and election. 191 
 
 Failure to elect 192 
 
 Director liecoming insolvent, how dealt 
 
 with 192 
 
 Meetings, Notice of 191 
 
 (Xficers not to vote 192 
 
 Proxies 192 
 
 Votes on .Shares ! 191 
 
 Liability of Shareholders 192 
 
 Amount and enforcement 193 
 
 Assets, Deliciency of 192 
 
 Calls, when Assets are deficient 193 
 
 Directors failing to make Call 193 
 
 Failure to pay 193 
 
 First Call 193 
 
 Intervals and notice 193 
 
 Liability after Transfer 193 
 
 Offences and Penalties 199 
 
 Punishment for certain olTences 199 
 
 Punishment for falsely pretending to own 
 
 deposits 200 
 
 Punishment for making false statements 
 
 in accounts, ifec 200 
 
 Schedule of Returns 201 
 
 Assets and Liabilities 201 
 
 Transfer of .Shares and Deposits 193 
 
 Authenticated, out of British possessions. 194 
 
 Declaration of Transmission 194 
 
 I'A'idence, Furtiier, may be required .... 194 
 
 Joint holders of shares ••'•.... 193 
 
 Payment to discharge the Bank 194 
 
 Transmission by marriage 194 
 
 of deposits 193 
 
 Vacancy of T-'state 194 
 
 Savings Banks, Government and Post 
 
 Office 241 
 
 Savings of the People 204 
 
 Solicitors, Bank, List of 48 
 
 Specie and Dominion Notes 19 
 
 Spirits, Quantity Manufactured, &c 290 
 
General Index. 
 
 xix 
 
 I'AOE 
 
 1 95 
 19O 
 196 
 196 
 196 
 
 "97 
 
 196 
 
 196 
 
 196 
 
 193 
 
 197 
 
 198 
 
 198 
 
 "97 
 
 199 
 
 197 
 
 197 
 
 199 
 
 198 
 
 198 
 
 197 
 
 198 
 
 198 
 
 198 
 
 199 
 
 191 
 
 191 
 
 192 
 
 192 
 191 
 192 
 192 
 19J 
 192 
 
 193 
 192 
 
 193 
 193 
 193 
 193 
 193 
 193 
 199 
 199 
 
 200 
 
 200 
 201 
 201 
 
 193 
 194 
 194 
 194 
 
 193 
 194 
 194 
 
 193 
 194 
 
 241 
 
 204 
 
 48 
 
 19 
 290 
 
 Pace 
 
 SUtement of Exports and Imports 263 
 
 Statistics Collected from Official Reports. 2o{ 
 
 Stock Brokers, List of 60 
 
 Stocks, Highest and Lowest quotations . 61 
 
 Synopsis of Banking Systems i 
 
 Ciinailii 2 
 
 i''.n(;lnnil nnd Wales 3 
 
 (''rniicL- 10 
 
 Oriimny 14 
 
 Ireland 8 
 
 Kus.sin I J 
 
 Paob 
 Synopsis of Banking Systemi— CnM/iMw/</. 
 
 Scollaiul J 
 
 Spain II 
 
 Sweden 1 1 
 
 United States 16 
 
 Victoria, AuHtralia 9 
 
 Total Exports and Imports 238 
 
 Trade of the Dominion by Countries 257 
 
 Value of Exports by Countries 259 
 
 Value of Goods entered for Consumption . 260 
 
jjjj AnVKUTISEMENlX 
 
 WALKER. McLEAN & BLANCHET, 
 
 Barristers, Attorneys, Solicitors, Parliamentary Agents, 
 Notaries, &c., &c., 
 
 No. 34>^ Elgin Street, Ottawa. 
 
 (Opposite the Russell House.) 
 
 W. li. WAl.KEK, ij.i . 
 
 1). I,. M LEAN. 
 
 C. A. Bl.ANCIIKr. 
 
 ]V/£cTNTVRE & CODE, 
 
 Barrislars, Solicitors, &c., 
 
 SUPKEMK COURT AND DEPARTMENTAL 
 AC.ENTS, 
 
 Soi.iciroRs FOR Bank of Montkkai, itc. 
 
 A. F. m'istyre. 
 
 R. G. COUK. 
 
 ^J A. HEARN, Q. C, 
 
 Advocate, Etc., Etc. 
 J Piirloir Street, 
 QUEBEC. 
 
 OTTAWA, CANADA. 
 
 Q W. C. TABOR, 
 
 Barrister, Attorney, &c.. Notary Public, 
 
 14 I'UCSLF.YS lUlILDINC.S, 
 
 ST. JOHN, N.B. 
 
 r. o. nox, 502. 
 
 'T'ESSIER, DELAGE & deLERY, 
 
 No. 10 n'AniUlI.I.ON .SlRKEl-, 
 
 QUEBEC. 
 
 Bank Notaries and Commissioners for Quebec 
 and Ontario. 
 
 Loans nil Mortgages niailc and procured, Estates 
 administered and settled, itc, kc. 
 
 J 
 
 G. KITZ-GIBIION & CO., 
 Bankers. 
 Rem. Estate and Commercial Acents. 
 NORWOOD, ONT. 
 
 JOHN KERR, 
 
 North C.ower, Ont. 
 
 CLERK FIFTH DIVISION COURT, COUNTY 
 CARLETON. 
 
 Issuer of Marriage Licenses, 
 
 CONVE-ANCEU. 
 
 Agent Northern Assurance Company of Lon- 
 don, England. 
 
 Loans secured for p.irties wishing to liorrow on 
 Real ['.state. Onlers solicited for J. L. Bates, .if 
 I 'Orignal. dealer in Monuments, Tombstones, &c. 
 
^9:>, 
 
 Kl. 
 
 Etc. 
 
 LERY, 
 
 s for Quebec 
 
 ircd, Kslates 
 kc. 
 
 <T, COUNTY 
 
 ises. 
 
 pany of Lon- 
 
 ■' It) liornnv on 
 
 j. I,. HiltL-S. .if 
 
 iiibslones, kc. 
 
 Advertisements. 
 
 ■^^^ 
 
 ^^m^ 
 
 ^m^ 
 
 Uo Banhers an6 ©there, 
 
 .A-XiX. :k;iit3ds ob" 
 
 <p> 
 
 BANKeRS' • Books. 
 
 m. 
 
 lasroLTTuiira- 
 
 MANUFACTURED TO ORDER 
 
 ON THE SHORTEST NOTICE. 
 
 Printing and Book,binding in General, 
 Legal Fornns a Specialty. 
 
 
 m. e. ^^ooroBUMM. 
 
 mWi 
 
 %£> 
 
 HIJ 
 
 =-W^ 
 
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CALENDAR YEAR 
 
 
 
 
 
 
 
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 FEBRUARY. 
 
 
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 178 
 
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 20 
 
 21 
 
 22 
 
 23 
 
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 25 
 
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 18 
 
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 22 1 23 
 
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 23 
 
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 1 )- 
 
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 I I'j 
 
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 147 
 
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 ISI 
 
 180 
 
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 27 
 
 28 
 
 29 
 
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 25 
 
 26 
 
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 28 
 
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 31 
 
 29 
 
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 * * * 
 
 • t • 
 
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 • • -1 
 
 
 JULY. 
 
 AUGUST. 
 
 SEPTEMBER. 
 
 
 
 !^'',-' 
 
 !>' ' 
 
 i.-<4 
 
 'S3 
 
 iSf. 
 
 
 
 
 
 
 213 
 
 
 ■M 
 
 '■\ 
 
 246 
 
 ■^4/ 
 
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 I 
 
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 3 
 
 4 
 
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 I 
 
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 3 
 
 253 
 
 4 
 
 254 
 
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 255 
 
 6 
 
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 lyo 
 
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 •J. 7 
 
 216 
 
 au( 
 
 220 
 
 '221 
 
 250 
 
 251 
 
 252 
 
 25fi 
 
 6 
 
 7 
 
 8 
 
 9 
 
 10 
 
 11 
 
 12 
 
 3 
 
 4 
 
 5 
 
 6 
 
 7 
 
 8 
 
 9 
 
 7 
 
 8 
 
 9 
 
 10 
 
 II 
 
 12 
 
 13 
 
 '94 
 
 195 
 
 I./. 
 
 '97 
 
 .gS 
 
 ■99 
 
 iJl-Kl 
 
 J22 
 
 22J 
 
 224 
 
 225 
 
 226 
 
 327 
 
 223 
 
 257 
 
 258 
 
 259 
 
 260 
 
 261 
 
 26* 
 
 263 
 
 13 
 
 14 
 
 15 
 
 16 
 
 17 
 
 18 
 
 19 
 
 10 
 
 II 
 
 12 
 
 13 
 
 14 
 
 15 
 
 16 
 
 14 
 
 15 
 
 16 
 
 17 
 
 18 
 
 19 
 
 20 
 
 •J^jI 
 
 2o.. 
 
 203 
 
 204 
 
 305 
 
 206 
 
 207 
 
 22y 
 
 230 
 
 231 
 
 232 
 
 233 
 
 234 
 
 235 
 
 264 
 
 265 
 
 266 
 
 267 
 
 =6? 
 
 26y 
 
 27U 
 
 20 
 
 21 
 
 22 
 
 23 
 
 24 
 
 25 
 
 26 
 
 17 
 
 18 
 
 19 
 
 20 
 
 21 
 
 22 
 
 23 
 
 21 
 
 22 
 
 23 
 
 24 
 
 26 
 
 26 
 
 27 
 
 :.r,a 
 
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 211 
 
 '.' I J 
 
 
 
 i^r-. 
 
 217 
 
 3 3» 
 
 239 
 
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 241 
 
 242 
 
 271 
 
 272 
 
 273 
 
 
 
 
 
 27 
 
 28 
 
 29 
 
 30 
 
 31 
 
 
 
 24 
 31 
 
 25 
 
 26 27 
 
 28 
 
 29 
 
 30 
 
 28 
 
 29 
 
 30 .. 
 
 
 
 
 OCTOBER. 
 
 NOVEM 
 
 BER. 
 
 
 DECEM 
 
 BEF 
 
 r. 
 
 
 
 
 
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 •77 
 
 
 
 
 
 
 
 
 3 15 
 
 
 
 
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 9 
 
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 3 
 
 4 
 
 5 
 
 6 
 
 7 
 
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 7 
 
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 9 
 
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 14 
 
 15 
 
 16 
 
 17 
 
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 9 
 
 10 
 
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 12 
 
 13 
 
 14 
 
 15 
 
 14 
 
 15 
 
 16 
 
 17 
 
 18 
 
 19 
 
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 294 
 
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 Sfc Sw'. 1-} Act i-C'latmg to Bills of Exchange and Promissory Notes fur Bank Holidays. 
 
FISCAL YEAR 
 
 -^ 
 
 1890-91. 
 
 
 
 JULY. 
 
 AUGUST. 
 
 
 SEPTEMBER. 
 
 s 
 
 M 
 
 T 
 
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 OCTOBER. 
 
 NOVEMBER. 
 
 
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 106 
 
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 4UARY. 
 
 
 FEBRUARY 
 
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 223 
 
 
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 186 j 187 
 
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 220 
 
 231 
 
 344 
 
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 5 
 227 
 
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 192 
 
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 228 
 
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 252 
 
 256 
 
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 198 
 
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 262 
 
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 207 ! 208 
 
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 See Sec. 14 Act relating to Bills of ExchanRc and Promissory Notes for Bank Holidays. 
 
rr^ 
 
 AnVEUTISEMENT. 
 
 METHODS AND MACHINERY 
 
 -OF- 
 
 PRACTICAL BANKING 
 
 — BY — 
 
 CLAUDIUS B. PATTEN, 
 
 La/e Cashier of the Slate National fiani, of Bostoti. 
 
 IT is conceded that no writer of the present generation has presented so much vahiable | 
 information on practical banking subjects. The work is sure to take first rank as an | 
 authority on banking matters. 
 
 The articles were originally published in " Rhodes' Journal of Banking"— 1884 
 to 1887 — and have been carefully collated and revised, and arranged under topical heads. 
 
 The book should be in the hands of every bank officer and clerk. 
 
 A bank cannot make a better investment than to purchase a copy for each clerk and 
 junior officer in their employ. 
 
 Will be ready for delivery in October, 1890. 
 
 About 450 pages, octavo, printed on fine paper. Substantially bound in cloth, with ^ 
 
 leather back. 
 
 PRICES: 
 
 A single copy, $5. 
 
 Four copies to one address, $4.50 a copy. 
 
 Five to ten copies to one address, $4 a copy. 
 
 Ten copies and over to one address, $3.50 a copy. 
 
 BRADFORD RHODES & CO., Publishers, 
 
 78 William Street, 
 
 NEW YORK. 
 
 THE BEST 
 BANKERS' 
 PUBLICATIONS. 
 
 BRADFORD RHODES & CO., 
 
 VVHLiSUKRS, 
 
 78 William Street, 
 
 NEW YORK. 
 
 RHODES' JOURNAL OF BANKING. 
 
 A I'ractic.il Hankers' Magazine. Terms, $5 a year. 
 
 Une(|iialle<i as an advertising medium. lias a larger paid circulation 
 
 than all the other Hankers' publications in the 
 
 United States combined. 
 
 THE BANKERS' DIRECTORY AND COLLECTION CUIDE. 
 
 Issued in January and July — corrected to date. 
 Price, $2 a copy ; indexed on edge by States, $3 a copy. 
 
 THE BANKERS' REFERENCE BOOK. 
 
 Credit Ratings of National and Slate Hanks, private Rankers, Loan, 
 
 Trust and Investment Companies, Collection Agents, Hrokers, Ac. 
 
 A reliable guide prepared from verified returns. Kor 
 
 coiitidential use only. Terms on apjilication. , 
 
ING 
 
 PART I. 
 
 SYNOPSIS OF BANKINfi SYSTEMS. 
 
 much valuable 
 irst rank as an 
 
 king"— 1884 
 topical heads, 
 
 !ach clerk and 
 
 in cloth, with 
 
 i 
 
 blishers, 
 1 YORK. 
 
 a year. 
 
 paid circulation 
 
 11 tlu" 
 
 ION GUIDE. 
 
 D <late. 
 $3 a copy. 
 
 K. 
 
 f Hankers, Loan, 
 
 ts, Hrokers, Ac. 
 
 irns. Kor ^^ 
 
 .\ country's progress may he learned by coming in contact with her people. Where 
 liie people are energetic, advancement is sure to follow, and although a period of strin- 
 gency may present itself, the reserve fund of determination to overcome it is sufficient to 
 tide over the difficulty, and carry them on to greater success. 
 
 The object of tiiis work is to endeavor, as far as possible, to deal with the advance- 
 ment of Canada since C^onfederafion, referring only to dates anterior to that important 
 event when necessary for purposes of comparison. 
 
 Of the rapitl and healtiiy growth of this country there can be only one opinion, 
 I'eople interested may hojjc for still greater prosperity in some particular branch of 
 industry, in which too fre(iuently they tiiemselves are fmancialiy interested, and because 
 that one does not develop an eijual prosperity with other branches, the assertion is too 
 often permitted to go forth througli the press and by the interested portion of the people 
 that hard times are upon us, and we recjuire a change to force improvement, 
 
 A history of tlie progress of Canada in detail would cover volumes of space, and 
 would re([uire more time and perhaps greater ability than is within the control of 
 him who has undertaken the preparation of this work, but since it is not the 
 intention to |)repare a wordy history of Canada's advancement, but to give in readable 
 and easy undorstandai)le form the official figures, whicii speak volumes within a smaller com- 
 pass, the I'klitor, from his intimacy with these official statements, has ventured upon the 
 task with true Canadian (.leteriiiination to make it a success. 
 
 The first subject, and one of paramount im]iortaiice in the advancement of any country, 
 is its i)ankeis and iianking institutions. The former need only be referred to in order to 
 |)oint out the success they have attained in their profession. Of the latter, in accordance 
 with the space at command, only a statistical history, with such references to the changes 
 from time to time that were thought necessary on a mutual understanding l)etween 
 I'arliament, the re[)resentatives of the peo|)ie, and bankers, the representatives of the 
 shareiiolders of these institutions, will be given. 
 
 The acts and amendments dealing in general terms with banking since Confederation 
 are ; 
 
 33 Vic, 
 
 34 " 
 
 35 " 
 
 36 " 
 
 AS " 
 and by the revision of the 
 
 cliap. 
 
 5, 
 
 8, 
 
 43, 
 
 assented to 
 
 Statutes 
 
 12th May, 1870, 
 " 14th April, 1 87 1, 
 
 " 14th lune, 1872, 
 
 2;,r(rMay, 1873, 
 7 th " 1880, 
 1886, chap. 120, Revised Statutes of Canada. 
 Other amendments granting extensions of charters to certain banks have been passed, 
 but none of a general character. 
 
 'l"he new Banking ,\ct which has just passed the Houses of Parliament is said 
 by those who have given it thought, to be in advance of any that preceded it, and 
 for this much praise is given, and justly so, to the Minister of Finance and his 
 Deputy, under whose supervision it has been collated. 
 
 The Ministers of Finance during whose administration important banking legislation 
 
2 Synopsis ok Banking Systems. 
 
 has licoii eiiatUetl, arc as follows: Sir Francis Hincks, K.C.M.Ci., C.H., Sir Leonard 
 Tillcy, K.C.M.d., and Hon. (Ico. K. Foster, D.C.I,., M.l\ 
 
 For purposes of comparison a brief synopsis of the Hanking Act at present in o|)cr- 
 ation is given, which is followed by the systems in other countries. 
 
 CANADA. 
 
 In Canada the l)anks have been incorporated by special Act of I'arliament, the 
 Dominion Parliament now having exclusive jurisdiction. 
 
 The capital stock (generally not less than $500,000), the amount of each share 
 (generally $100), the name of the bank and the i)lace where its head office is situate, are 
 s[)ccified in the Act of incorporation. 
 
 A bank before issuing notes or commencing business must procure a certificate from 
 the Treasury Board, which is granted when it is proved to the satisfaction of tlie Hoard that 
 $500,000 capital have been ^;«(/ yf</<r suljscribed and $100,000 /««« /fr/c paid up. 'I'iiis 
 certificate is by the Act of incorporation generally recjuired to be obtained within one 
 year from the passing of the Act. If $200,000 have not been paid up when the i)ank 
 commences business that amount must be paid up within two years by the general Act, or 
 one year by the recent si)ecial Acts. It is not necessary that more than $joo,ooo should 
 be paid up within any limited time. Failure to comply with these provisions as to getting 
 the certificate and calling in the capital forfeits the charter. 
 
 The capital stock may be increased by the shareholders, but there is no provision for 
 decrease, which must be authorized by .\ct of Farliament. 
 
 The bank regulates by by-laws its internal management. The directors are not less 
 than five or more than ten in number, and must be natural-born or naturalized subjects of 
 Her Majesty, and must hold not less than $3,000 stock when the paid uj> capital ot the 
 bank is $1,000,000 or less; $4,000 stock from $1,000,000 to $3,000,000; and $5,000 
 stock when over $3,000,000. The directors are elected annually, and submit a statement 
 to the shareholders at the annual meeting. The books, &c., are subject to the inspection 
 of the directors at any time ; there is no provision for an independent audit, as in 
 F2ngland. The directors have the same liability as other shareholders, with the addition 
 that they are guilty of a misdemeanor and are responsible for all damages sustained by 
 any person in consequence of their giving an undue preference to any creditor, or making 
 false statements in any return or report resi)ecting the affairs of the bank. 
 
 Dividends are declared half-yearly, but no dividend to be declared to impair 
 the paid-up capital ; if any dividend is so made the directors making it are liable, 
 jointly and severally, for the amount thereof as a debt due the bank. If any part of the 
 capital is lost, calls may at once be made on the shareholders, if the capital stock is not 
 fully paid up, to make good the loss ; such loss and calls must be stated in the next 
 monthly return to the Minister of Finance. In any case the net i)rofits have to be 
 applied to make good the loss. No dividend beyond 8 per eeiU. per annum is per- 
 mitted, unless, after making it, the bank has a rest or reserve fund equal to at least 20 per 
 cent, of its paid up capital, after deducting all bad and doubtful debts. 
 
 The shares are personal property, and assignable. They must be held at least thirty 
 days before the holder can vote on them. The holder has one vote for each, in person or by 
 proxy, proxies holding good for three years. The holder must have paid all calls. In 
 case of the property and assets of a bank being insufficient to pay the debts and liabilities, the 
 shareholders are liable to the amount of the unpaid portion of the shares held by them, 
 and a further amount ecjual to the amount of the shares. The holder of shares continues 
 liable ior one month after transferring them. 
 
 The bank has to hold, as nearly as practicable, one-half its cash reserves in Dominion 
 notes — and at no time less than 40 jier cent, -but there is nothing in the Act fixing the 
 amount of these reserves or their proportion to the capital or liabilities of the bank. 
 Chartered banks may issue $5 notes and upwards in multiples of $5, and the circulation is 
 limited to the amount of the unimpaired paid-up capital, with graded penalties for excess of 
 circulation: $100 if the excess is not over $20,000; $i,ooo bjtween $20,000 and 
 $100,000 ; $5,000 between $100,000 and $200,000 ; and $10,000 if over $200,000. The 
 bank is obliged to receive its own notes in ])ayment at par at any of its officx's, but is bound 
 to redeem them only at the head office and where they are made payable, 'i'he notes 
 
Synopsis of Bankino Systems. 
 
 ir Leonard 
 lit in opur- 
 
 iaincnt, the 
 
 each share 
 situate, are 
 
 ificatc from 
 Hoard that 
 up. This 
 within one 
 n tlie hank 
 era! Act, or 
 
 000 sliould 
 s to getting 
 
 revision for 
 
 ire not less 
 subjects of 
 
 pital ot the 
 and $5,000 
 
 a statement 
 
 1 inspection 
 audit, as in 
 he addition 
 usiained l)y 
 ■, or making 
 
 to impair 
 are lial)le, 
 part of the 
 stock is not 
 in the next 
 have to he 
 nun is per- 
 least 20 per 
 
 t least thirty 
 person or hy 
 11 calls. In 
 iahilities,the 
 •Id hy them, 
 L's continues 
 
 n Dominion 
 ■t fixing the 
 pf the hank. 
 :irculation is 
 for excess of 
 >2o,ooo and 
 D,ooo. The 
 hut is hound 
 The notes 
 
 are a first lien upon the assets of a hank in case of insolvency. The hank notes arc 
 not legal tender. 
 
 The Government issues $1, $2 and $4 notes, as well as notes of larger denomina- 
 tions. '1 hese notes are legal tender, and may he issued to any amount authorized hy 
 Order-in-Council, not exceeding $20,000,000. The authorized circulation at present is 
 $iy,ooo,ooo, and the actual circulation for the past twelve months has ranged from 
 $14,580,000 to $16,630,000, the average having heen $15,800,000. 
 
 Hanks are not permitted to lend money on the security of their own stock. 
 
 Real estate can only he held for seven years, unless it is in actual occupation for the 
 prosecution of the husiness of the hank. 
 
 iJanks are ohliged to make returns of their husiness monthly to the Minister of Finance 
 and such returns must he puhlishetl in the Canada Gazette. Returns of the names and 
 residences of shareholders and the numher of shares held hy each are ol)liged to he 
 made annually to the Finance Department, where they are compiled in hook form and 
 laid hefore Parliament. 
 
 No person, firm or company, except a chartered hank, is allowed to use the title of 
 " bank," " hanking company," c\:c., without adding the words " not incorporated." No 
 bank hut a chartered hank can issue notes for circulation. 
 
 There are in Canada still some hanks working under local charters. These arc 
 allowed to come under the general Act on application. These charters will, with one 
 exception, ex|)ire hefore 1st July, i8yi. The exception is the Merchants Hank of I'rince 
 Edward Island, whose charter exi)ires in 1892. There are three hanks with special 
 privileges- nhe Bank of Hritish North America, the Bank of British C'olumhia and the 
 Banque du Peuple. The first two are banks incorporated hy Royal Charter in T-ngland, 
 and the other is a French hank en commandite. All jjrovisions relating to reserves to he 
 held, issue, &c,, of notes ; making of loans on their own stock ; making of returns to the 
 (lovernment ; and the notes being a first lien upon the assets, apply to these hanks. 
 The liability in the case of insolvency is, in relation to the Bank of British Columbia, 
 twice the amount of the share ; in relation to the Banque du Peuple the lial)ility is 
 unlimited. 
 
 ENGLAND AND WALES. 
 
 The hanking husiness of England and Wales is carried on hy the Bank of England 
 and the other jouit stock hanks and private bankers. Of these, some are banks of 
 issue, others hanks of dei)<)sit, hanks of remittance, hanks of discount, iJirc., &c. 
 
 The Bank of luigland was founded in 1694, and grew out of a loan of ^'1,200,000 
 to the (jovernment for the public service (5 & 6 Will. III., c. 20). The charter was 
 continued in 1697 (8 & 9 Will. Ill, c. 20), and it was then enacted that during the 
 continuance of the charter no other hank should be established in England or Wales. 
 In 1708 (7 Anne, c. 30) the charter was again continued, and provision was made 
 prohibiting the establishment in any part of England of companies of more than six 
 partners to issue notes payable on demand or for a less period than six months. It 
 will he noticed that this Act did not prohibit the formation of Associations for general 
 hanking business. It merely forbade the issue of notes hy associations of more than six 
 partners, but the issue of notes seems to have been regarded as so essential to the busiiiess 
 of hanking that it came to he believed that joint stock hanking associations were abso- 
 lutely prohibited m England, and no such associations were founded until after the legis- 
 lation of 1826 (7 Geo. IV, c. 46), which permitted the establishment of hanks of issue 
 with any numher of partners, provided they had the whole of their banking houses and 
 carried on their business as bankers more than sixty-five miles from London. The result 
 of the above and subsequent legislation was that at the time of the passing of the Act of 
 1844, besides the Bank of England, the following classes of hanking institutions were 
 authorized to do husiness, viz : — 
 
 1. Com]janies of six partners and less, who might issue notes and do business in 
 any part of luigland and Wales ; 
 
 2. Companies of more than six jjartners, who might cai.y on business in London, 
 or within sixty-five miles thereof, but who were not pillowed the j)i ivilege of the nott; 
 issue ; and 
 
 
4 
 
 Synopsis of Banking Systems. 
 
 3. Companies of more th.in six partners, doing business at a greater distance than 
 sixty-five miles from London, and not having any establishment in London cr within 
 sixty-five miles thereof, who were permitted to issue their notes payai)le on demand or 
 otherwise at i>lares outside the limit. They were also j'ermitted to make their notes payable 
 in London, and to have an agent or agents in that city for the purpose of jjayment only, but 
 they were not permitted to re-issue their notes in London, or within sixty-five miles thereof 
 
 By the Act of 1844 (7 & 8 Vict., c. 32) the Bank of England was divided into two 
 departments the banking department and the issue department. 'l"he bank was allowed 
 to issue notes to the extent of ^"14,000,000 on securities to a similar amount, of which 
 the debt of ^11,015,100 owing to the bank by the jniblic formed a part, and as the other 
 banks of issue authorized by the Act ceased to issue notes, the amount of notes so to be 
 issued by the Hank of ICngland on securities might be increased by Order in Council to 
 the extent of two-thirds of the authorized issue of the bank so ceasing to issue its notes. 
 Under this provision the present authorized issue of the Hank of England is ;^i 6,200,000, 
 but for every note issued above that amount the issue department must hokl an amount 
 in coin and bullion equal to the excess, the silver coin held not to exceed in amount one- 
 fourth part of the gold coin and bullion held. Thus, on the i8th September last the 
 total issue of the Bank of ICngland was represented as follows : 
 
 Government debt ^11,015,100 
 
 Other securities 5, 184,^00 
 
 Cold coin and bullion 20,239,255 
 
 Silver bullion nil. « 
 
 ^36,439.255 
 It may be mentioned in passing that it had lieen found that the notes of the Bank 
 of England in circ'ulation for some years previously to 1844 rarely amounted to twenty, 
 or sunk as low as sixteen millions, and it was, therefore, considered that it might be safely 
 assumed that the circulation of the bank could not, in any ordinary condition of society 
 or under any merely commercial vicissitudes, be reduced below fouiteen millions. The 
 Act was suspended in 1847, 1857 and 1866, so far as to allow the bank directors to 
 strengthen the banking department by recourse to the reserves of the issue department. 
 In each case the suspension of the Act arrested and allayed the panic then prevailing, and 
 in 1866 it was found unnecessary to exercise the power to borrow from the issue depart; 
 ment, which had been conceded to the directors, 
 
 The Act authorized the establishment of banks of more than six partners in London 
 or within sixty-five miles thereof, but it also enacted that from the 6th May, 1844, no 
 banks of issue should be established in any part of the United Kingdom. The banks at 
 that date lawfully issuing their own notes were continued in the privilege, but the issue of 
 each bank was restricted to the amount of its average circulation during the twelve weeks 
 prior to the 27th April, 1844. Weekly returns of the circulation are recjuired, and if the 
 monthly average circulation of any bank exceeds its authorized amount, the bank incurs 
 the penalty of the forfeiture of a sum equal to the excess of circulation. Provision was 
 made by which a bank might agree with the Bank of England for a composition of its 
 note-issuing jirivilege, and it thereujion loses it. It also loses it if it bet'omes bankrupt, 
 or ceases to carry on business, or discontinues in any way the issue of bank notes. The 
 Act also provided that if a bank, consisting of six, or less than six partners, should 
 increase the number of partners beyond six, it would lose its privilege of note issue. 
 The following table shows how the banks of issue have decreased since 1844 : — 
 
 Number of banks in England and Wales Private. Joint Stock, 
 
 authorized by Act of 1844 to issue dieir 
 own notes 207 72 
 
 Diminished by amalgamation . 7 
 
 Lapsed issues 119 
 
 126 34 
 
 Number now remaining. 81 28 
 
 Authorized issue of banks now remaining. . .;^2,927,69i p{^2,042,i6x 
 
Syxopsis of Banking Systems. 
 
 stance tlian 
 cr witliin 
 demand or 
 itcs payable 
 in only, hut 
 lies tliereol. 
 id into two 
 vas allowed 
 t, of which 
 IS the other 
 es so to he 
 
 Council to 
 le its notes. 
 16,200,000, 
 
 an amount 
 mount one- 
 )er last the 
 
 30 
 
 )o 
 
 55 
 
 • 
 
 55 
 
 jf the Hank 
 to twenty, 
 ht be safely 
 1 of society 
 lions. The 
 directors to 
 department, 
 vailing, and 
 sue depart; 
 
 1 in London 
 ly, 1844, no 
 he banks at 
 the issue of 
 rt-elve weeks 
 I, and if the 
 )ank incurs 
 ovision was 
 isition of its 
 s l)ankrupt. 
 Kites. The 
 lers, should 
 note issue. 
 
 Stock. 
 
 72 
 
 34 
 28 
 
 
 It will be noticed that under the existing law in course of time the entire note circu- 
 lation will pass to the Hank of England. In consideration of the exclusive privilege, and 
 also the exemption of its notes from stamp duties, the bank, under the Act of 1844, was 
 (ibliged to deduct from the amount payable by the (lovernment on account of the 
 management of the public debt the sum of /,"i.So,ooo a year, and it was also to give the 
 public the net profits on the note issue above ^,'14,000.000. In i8f)i a fresh arrange- 
 ment was made, which is still in force, by which the amount to be deducted is /,V)o,ooo 
 ////.v the whole allowance out of imjfits of issue, making in all at that time ^'188,078. 
 .■\s the amount allowed to be issued on securities has since then been increased, this 
 amount will now U- greater. It was placed at about ^"200,000 in 1875, when the 
 authorized circulation on securities was ^,'15,000,000. 
 
 As above noted, the Hank of England has the management of the public debt, and 
 generally it transacts the banking business of the (lovernment. Its notes are legal teniler 
 in England for all sums abo\e /Js, except at the bank or its branches, but they are not 
 legal tender in .Scotland or Iivland, although they are allowed by law to circulate in those 
 countries. 
 
 The (losernment issue no notes, and as, by 7 deo. IV, c. 6, the circulation in 
 England of bank notes under /,"5 is forbiilden, all iiayments under that amount are made 
 in gold and silver coin. By <j deo. IV, c. 65, the circulation in England (jf the notes of 
 Irish and Scotch banks under ;^"'5 is forbidden. 
 
 'I'he National Hank of Ireland, the National Hank of Scotland, the Hank of Scotland 
 and the Royal Hank of Scotland have offices in London, and some of the Scotch banks 
 have agencies in Northumberland and Cumberland. J'rotests have been made to the 
 (lovernment, on behalf of the English bankers, against these banks being allowed to do 
 business in England, but so far no legislation has taken place to prevent it. 
 
 The number of private bankers in the United Kingdom in 1879 was 251 ; in 1885, 
 240; and in 1889,234. It will be seen that there has been a steady diminution. 
 'I'here are no private banks in Scotland, and only three in Ireland. Of the 234 l)anks 
 now existing, 81, as above noted, have the power of issuing notes. There are now 117 
 Joint Stock banks in England and Wales and three in the Isle of Man. 
 
 In 1844 an Act was passed (7 & 8 Vict., c. 113), by which it became unlawful for 
 any company of more than six persons to carry on the business of bankers in England 
 unless they registered under that Act, but companies previously established and carrying 
 on business on the 6th of Ma\'. 1854, were allowed to continue their business. The 
 liability of the shareholders (then unlimited) was not affected. This Act was extended to 
 Scotland and Ireland by 9 i\: 10 \'ict., c. 75. Hy section 12 of 20 iS: 21 Vict., c. 49 
 (1857) power was given to form banking partnerships of ten persons, or under, m the 
 same manner and upon the same conditions as a company of not more than six persons 
 could at that tijne carry on business. In 1858 (21 iv: 22 Vict., c. 91) an .^ct was passed 
 by which joint stock banks were allowed to register with limited liability, before this 
 .'\;t the limited liability of partners was only constituted by s|)ei:ial .'\.cis of I'arliament, 
 Royal Charters or J.etters Patent. 'J'hc Hank of England and the three oldest established 
 banks in Scotland had been thus favoured. The Acts last referred to were repealed by 
 the Com])anies .'\ct, 1862 (25 iv 26 \'ict., c. 89), which, with its amendments, now consti- 
 tutes the law regulating the establishment and conduct of the business of joint stock banks in 
 iMigland. In the repeal of previous Acts the [jortion of section 12 of 20 & 21 Vict., c. 
 49, above referred to, was retained. 
 
 Hy the Companies Act, 1862 (sec. 4), no company, &c., of more than ten persons 
 can be fo med for the purpose of carrying on the business of banking, unless registered 
 as a comp.Jiy under the .\ct, or formed in i)ursuance of some other Act of 
 Parliament, or of Letters Patent. Seven or more persons may form a company with or 
 without limited liability (s. 6). 'I'he liability may, according to the memorandum of asso- 
 ciation, be limited either to the amount, if any, unpaid on the shares re.spectiv'>ly held by 
 the members (com])anies limited by shares), or to such amount as the members may 
 respectively undertake to contribute to the assets of the ccnpany in the event of its being 
 wound up (companies limited by guarantee) (s. 7). In case of limited companies, the 
 word " limited " is added to the name of the company (ss. 8 and 9). If the number of 
 members is reduced below seven the company may be wound up (s. 79) ; and there is a 
 
6 
 
 Synopsis of Bankino Systems. 
 
 * further provision that if such a company carries on its business for six months after such 
 
 rccUutioii of its iiiL'inl)crs Ijl'Iow seven, each nienil)er thereof, cof^nizant of tlie facts, 
 becomes hable for the payment of the whole dei)ts of the company contraeleil chiring the 
 time after such six months it so carries on business (s. 48). Existing companies were 
 allowed to register under the Act (s, iSo), or comjjanies registered as unlimited to register 
 as limited (Act of iSjy, s. 4), but a bank of issue registered as a limited ei)m[)any is not 
 to be entitled to limited liability in respect of its notes, and the members thereof continue 
 liable in that respect as if it were registered as an unlimited conipany, but in case the 
 general assets, in the event of such bank of issue being wound uj), are insufficient to satisfy the 
 claims of both the shareholders anil the general creditors, then the members, after satisfying 
 remaining demands of the note-holders, are liable to contribute towards payment of the 
 debts of the general creditors a sum ecpial to the amount received by the note-hoklers 
 out of the general assets of the bank /. c, the funds available for payment of the 
 general creditor as well as the note-holder. A bank of issue, registered as a limited 
 company, may make a statement on its notes to the effect that the limited liabilty does 
 not extend to its notes, and that the members of the company continue liable in respect 
 of its notes, in the same manner as if it had been registered as an unlimited company 
 {.\ct, 1879, H. 6). 
 
 As a consequence of the above legislation, all the joint stock banks in England, 
 with the e?;ception of the Coventry Union Hanking Co., Messrs. (llynn. Mills, C'urrie & 
 Co., the Lancaster Hanking Co., the Sheffield and Hallamshire Hank, and Stuckey's 
 Banking Co., have limited liability, either by registration or by virtue of their charters. 
 
 The following are some of the principal features of the Companies ,\ct relating to 
 banking companies, in addition to those stated above ; 
 
 The shares are personal estate, and are capable of being transferred, and each share 
 is to be distinguished by its appropriate number (s. 22). 
 
 A register of members ha^ tr i)C kept (s. 25), and an annual list of members must 
 be sent to the Registrar of Joint Stock C'om[)anies (s. 26), and this register is open to 
 inspection by members of the company gratis, and by others on payment of a fee (s. 32). 
 
 Members remain liable on their shares, in case of the company being wound up, for 
 one year after transfer thereof, but a past member is not liable to contribute in respect of 
 a liability incurred after he ceases to be a member, nor is he liable to contribute to the 
 assets of the company unless it ajjpears to the court that the existing members are unable 
 to satisfy the contributions recpiired to be made by them (s. 38). 
 
 Limited banking companies have to jiost up, semi-annually, on the first Monday in 
 February and August in each year, in a conspicuous place in their registered offices, and 
 in every branch office, a statement showing the capital of the company, the number of 
 shares thereof, the number of shares issued, the amount of calls per share made and the 
 total amount thereof received, the liabilities of the company on the first day of Jaimary 
 or July, with a statement of the assets on that day — default to publish the same being 
 punished by a penalty of five pounds for every day such default continues (s. 44). 
 
 A general meeting of the company is held at least once a year (s. 49;. 
 
 The Hoard of Trade may, ujran the application of members holding not less than 
 one-third of the whole shares then issued, and on being convinced they have good reason 
 for asking therefor, appoint one or more comi)etent inspectors to examine into the affairs 
 of the bank and report thereon (ss. 56 to 59). The company itself may, by special reso- 
 lution, appoint inspectors to examine its affairs, with powers the same as those of 
 inspectors appointed by the Board of Trade (s. 60). 
 
 The Act of 1879, s. 7., requires audit of accounts of banking companies at least 
 once a year, by auditors appointed by the shareholders, not being directors or officers of 
 the company. 
 
 Provision is made for the winding up of the company, by the court having jurisdic- 
 tion, in the following cases : 
 
 {a.) Whenever the company has passed a special resolution, requiring the company 
 to be wound up by the court ; 
 
 {/>.) Whenever the company does not commence its business within a year from its 
 incorporation, or suspends its business for the space of a whole year ; 
 
 (<•.) Whenever the members are reduced in number to less than seven ; 
 
 
^ 
 
 Synopsis ok Bankino Systkms. 
 
 after such 
 
 the tacts, 
 
 iluring the 
 
 anics were 
 
 to register 
 
 any is not 
 
 f continue 
 
 I case the 
 
 satisfy the 
 
 r satisfying 
 
 ;nt of the 
 
 )te-li()lders 
 
 -•nt of the 
 
 a limited 
 
 hilty does 
 
 in respect 
 
 company 
 
 England, 
 , Currie & 
 
 Stuckey's 
 ;harters. 
 relating to 
 
 each share 
 
 ibers must 
 s open to 
 fee(s. 32). 
 ind up, for 
 respect of 
 lUte to the 
 are unable 
 
 blonday in 
 )ffices, and 
 number of 
 de and the 
 ;)f January 
 ime being 
 4). 
 
 t less than 
 ood reason 
 I the affairs 
 )ecial reso- 
 > those of 
 
 es at least 
 ■ officers of 
 
 ng jurisdic- 
 
 e company 
 
 ,>ar from its 
 
 (</.) Whenever the company is unable to |)ay its debts ; 
 
 (e.) Whenever the court is of ojiinion that it is e(iuital)le and just that the company 
 should be wound up (s. yt)). 
 
 There are also provisions for the voluntary winding up of the company (s. 129 f/ set/.), 
 but this is not a bar to the right of a creditor to have it wound uj) by the <()urt or under 
 its supervision, if the court is of opinion that the righis of such creditor will be prejudiced 
 by a voluntary winding up (ss. 145, 147). 
 
 Provision is also made for the winding up, by the court, under the Act, of unregis- 
 tered companies, consisting of more than seven members, in case of their having 
 dissolved, or if they arc only carrying on business for the jjurjiose of winding up, or in 
 case of their being unable to pay their debts, or wiienever the court is of opinion that it 
 is just and equitable that the company should be wound up (s. 199). 
 
 A limited company by tlie memorandum of association or by special res'iluiion, may 
 make the liability of the directors or managers, or managing director, unlimited (Act 1X67, 
 ss. 4 & 8). Past directors and managers remain so liable for one year after ceasing 
 to 1k)1(1 office. They arc not liable in resjiect of debts contracted after they cease to 
 hold office, and they are not to be called upon to contribute beyond their ordinary liability 
 as members, unk'ss the court deems their contributions necessary in order to satisfy the 
 debts and liabilities of the com|)any, and the costs, iVc, of winding up (s. 5). 'J'hey may 
 also be allowed to set-off moneys due to them by the company (s. 6). 
 
 An unlimited company may, when registered as a limited company, increase its 
 nominal amount of cajjital by increasing the nominal amount of each share, but no 
 |)ortion of such increased ca])ital is to be called up, except in the event and for the i)ur- 
 pose of the comjiany being wound up ; or the company may, without increasing its 
 nominal capital, provide that a portion of its uncalled capital shall not be capai)le of being 
 called up except in the event and for the jnupose aforesaid. In like manner, a limi'jd 
 company may set aside any i)ortion of its uncalleil cajjilal as a reserve for a similar pur- 
 pose. (Act 1879, s. 5). This is known as "reserve liability." 
 
 There is also an Act (30 Vict., c. 29), known as " Lecman's Act," by which contracts 
 for sale, tVc, of bank shares are void unless the numbers by which such shares are distin- 
 guished are set forth in the contract of .sale. 
 
 SCOTLAND. 
 
 The Act of 1708 (7 Anne, c. 30), preventing more than six persons from entering 
 into a banking partnership, did not extend to Scotland ; and conse(|uently, as there was 
 no limitation to the number of |)artners, batiking companies with numerous partners have 
 existed for a lengthened period in that |K)rtion of the Kmpire. The Hank of Scotland 
 was established in 1695 J t'^^' I'^oyal Bank of Scotland in 1727, and the British Linen 
 Company in 1746. 
 
 In 18 15 an act was passed relating to the Scotch banks (7 I'v 8 Vict., c. 38), by 
 which the circulation of the banks then issuing notes was conllned to the average circula- 
 tion of each for the year preceding the ist May, 1845, p/iis i\n amount equal in each 
 month to the average amount of gold and silver coin held during each month, as shown 
 by the weekly returns- -the silver to be not more than one-fourth of the gold. 'I'hese 
 banks may issue notes from ^1 upwards, anil in their returns have to distinguish the 
 amount of notes issued of ^'5 and upwards from tiiose issued below ^'5. If the monthly 
 average circulation should be above the limit of notes and coin authorized, the bank is 
 liable to forfeit a sum equal to such excess. Bank of England notes are allowed to circu- 
 late in Scodand, but they are not a legal tender there. Notes for less than twenty shillings, 
 or on which less than twenty shillings are due, are not negotiable in .Scotland. No new 
 bank of issue can be established, and in case any two or more of the existing banks unite, 
 the authorized limit of circulation of the united bank is an amount ecjual to the sum of 
 the authorized issues of the banks so uniting. 
 
 There are no private banks in Scotland. 
 
 In 1845 there were nineteen joint stock banks of issue, with an authorized circulation 
 of ^3>of^7.209. There are now ten, with numerous branches, with a fixed issue of 
 
H SVN(>I'.SI,S UK liANKINd Sv.STK.MM. 
 
 ^'3/)76,.^5o llial is, dutsidi' (if .hiil tluy m;vy issue on security ol coin, 
 lytii August last, the returns ol' liu' tin hanks showed : 
 
 Thus, on the 
 
 Autliori/.ed cinulalion j^2, 676,350 
 
 Average gold and silver coin for four weeks ending that 
 
 <liite 4,174,540 
 
 ^'6,850,890 
 
 Average tirciilalion (hiring four weeks en(hng as above. . jCSt^^Ai^^TH 
 
 Of tiie ten iianks, ail hul the Mank of Scotland, Koyal I'.ank of Scotland and ihe 
 llritisli I.incn Company, have regislcrcd as limited comjiaines, ihc rcgistralion, however, 
 not affecting the imliniilcd liability ol the shareholders in respect to llie note issue. 'I'he 
 three hanks named claim, as cor|)orate bodies, to he limited in that respect also, the 
 responsibility of the shareholders being limited by their charters. The other banks were, 
 before registering, unlimited, liie |)artners being liable to the whole extent of tluir fortunes 
 for the del)ts of their lirms. 
 
 All the Scotch IJanks receive deposits as low as ^,"10, and often lower, and allow in- 
 terest on them, varying with the variations of the eurreiU rates of interest. 
 
 The loans or advances made by them are cither in the .shape of discounts or upon 
 cash-credits. These latter are credits given to an individual by a hank for a limited sum, 
 seldom uiuler ^,100 or ^,200, upon his own security and that of two or three persons who 
 become sureties for its payment. He draws out, as he needs it, the whole, or as much of 
 the credit as he wishes, replacing it, or portions of it, as he funis it convenient, and interest 
 is charged or credited on the daily balance, as the case may be. 
 
 Hanks of issue have to make weekly returns. 
 
 Besides the banks of issue, there is one othiT joint stock hank the North I'ritish 
 Hank of (lla.sgow which is niA a hank of issue and has no branches. 
 
 IRELAND. 
 
 In 178,^ a national hank was established (The liank of Ireland), with similar jirivileges 
 to those of the iSank of I'.ngland in respect to the restriction f)f more than six partners in 
 other l)anks. In 1821 an arrangement was made with the IJank of Ireland by which joint 
 stock companies were allowed to be established at a distance of fifty miles (Irish) from 
 Dublin, and allowed to issue note^. Other Acts were i)assed from time to time, until in 
 1845 an Act was jjassed (S \r (; Vic., c. 37), to regulate the issue of bank notes in Ireland. 
 15y this Act it was enacted that from the 6lh December, 1S45, unlimited hanking partner- 
 ships might carry on business in Dublin or within fifty miles thereof, as freely as could 
 partnershi])s of more than six members beyond fifty miles from Dublin. The Hank of 
 Ireland was to manage the public debt in Ireland. iSank of ICngland notes were not to be 
 a legal tender in Ireland, though they were to be allowed to circulate there. Existing 
 hanks of issue were to he continued in their [iriviiege, but, like the Scotch banks, were 
 limited to the average amount of circulation of each during the year previous to the ist 
 May, 1845, />/i/s the average amount of gokl and silver coin held each four weeks by each 
 bank (the silver to be not more than one-Anirth of the gold), that is to say; the bank could 
 exceed its authorized circulation by the average amount of gold and silver coin monthly 
 held by it. I'or excess of circulation the hank becomes liable to forfeit a sum e(iual to the 
 excess. Hanks may relin(|uish their right of circulation, but cannot resume the same. 
 Hanks of issue have to make weekly returns. A l)ank of issue may relimiuish its right of 
 issue to the ISank of Ireland, in which case the fixed limit of issue of the last named hank 
 is increased by the amount of the fixed issue of the hank relin(|uishing its right. If two 
 or more banks unite, the new hank actjuires an autliori/ed issue to an amount ciiual to 
 the aggregate of the authorized issues of the uniting banks. 'I'he Hank of Ireland has at 
 present no exclusive privileges. No new banks of issue can now he established. 
 
 There are at present nine joint stock banks in Ireland and three private banks. The 
 latter are not banks of issue, and of the joint stock banks six are hanks of issue (the same 
 
 -4 
 
UIS, nil till- 
 
 l^ 
 
 1(1 and tlic 
 II, liowevcr, 
 issue, 'rho 
 it also, tlio 
 liaiiks were, 
 itir lortiines 
 
 111 allow in- 
 
 its or upon 
 iinited sum, 
 piisoiis win) 
 as inuili of 
 and interest 
 
 orth lirilisii 
 
 lar |)n'vileges 
 partners in 
 ,■ whi<h joint 
 (Irish) from 
 ime, until in 
 s in Ireland, 
 siiij^ jiartner- 
 L'ly as could 
 riie Hank of 
 jre not to he 
 e. Existing 
 
 banks, were 
 IS to the I St 
 eeks i)y each 
 c bank could 
 oin monthly 
 1 e(iiial to the 
 le the same. 
 ;|-i its right of 
 
 named hank 
 ght. If two 
 )unl c(iual to 
 reland has at 
 led. 
 
 banks. The 
 ue (the same 
 
 n 
 
 Synoi-sih ov Banking Systems. 9 
 
 iiumlKT as in i«45), with a fixed circulation of ^r),354,4y4. The circulation returns for 
 
 the four weeks eiujing 171I1 .August, iSHo, are : 
 
 .■\ulhori/ed < irculation X^*'354.4'M 
 
 Average gold and silver .^ weeks 3,3«o,9(;o 
 
 j^9. 735.484 
 
 Average circulation ;^6.»32/>3' 
 
 All the joint stock banks in Ireland have a limited liability. 
 
 Notes for jC,\ and upwards are negotiable in Ireland, but no notes under that 
 
 amount. 
 
 VICTORIA, AUHTRALIA. 
 
 Uy the Act of 1864, to consolidati' the laws relating to Ranks and the Currency, 
 known as The Hanks and Currency Statute, 1864, all previous acts were repealed. 
 
 The Act ajiplies to all banks, home or foreign, receiving deposits or issuing bank 
 notes. 
 
 It requires (1864, sec. 4) that a statement in detail of the assets and liabilities must 
 be made up at the end of every week. Hy an .Act in accuirdance with a schedule to the .\ct, 
 to amend the consolidated Act of 1864. known as the Hanks and (!urrency .Amendment 
 .Statute (18S7, sec. i), the provisions of the former Act are extended to every firm or 
 individual banker trading in N'ictoria, engaged in the ordinary business of banking. By 
 the last (|Uoted anu'iiding .Act, 1887 (sec. 2), the bank notes are made the first charge 
 on the assets in Victoria, if not already held under mortgage by another creditor. 
 (1887, sec. 3). 
 
 The penalty for fraudulent issue of notes, under the Amending Act, is imprisonment 
 for a time not exceeding two years, with or without hard labor. (Sec. 4). 
 
 The aiiuiidmeiit provides that a iianking com|)any, llrin, or in(li\idua] banker, before 
 biing authorized to issue notes, must have a suhscrilK'd cai)ilal of two hundred and fiftv 
 thousand pounds, of which not less than one hundred and twenty-five thousand pounds 
 must be honii fide paid up. (1887, sec. 5.) 
 
 l''or a contravention of this latter section, a penalty amounting to twenty-five per cent, 
 of the amount so issued may l)e recovered, with full costs, etc., to anyone entering such 
 action. (1887, sec. 5.) 
 
 It is further provided that banks may lend money on the security of lands, 
 liouses, ships or jiledges of merchandise. (1887, sec. 6.) 
 
 i'or ])ul)lisliing false or misleading statements, in relation to amount of its cajiital, or 
 advertisemi'iits, in relation to their capital, without using the words nominal, or authorized, 
 or words to that effeit, a penalty of ten pounds for every sucli offence is recoverable, 
 with costs, in a court of law. (1887, sec. 7.) 
 
 The original Act 1864, provides that (juarterly returns shall be made to the Chief Sec- 
 retary, to be laid before rarliament, in accordance with schedule three to this Act (same as 
 schedule two in amended ff)rm), verified upon oath by the managing director, manager, chief 
 cashier or clerk, and shall be sent in within one month after the close of the quarter, or 
 as soon afterwards as practicable, 'i'he amendment provides that the last mentioned 
 returns shall be verified upon oath of the accountant, by whom the same, and the weekly 
 accounts, from which the return is taken, was [jrepared, in addition to the verification 
 mentioned in the original Act. 
 
 In cases wiiere the provisions above cannot be complied with, it must be done as 
 nearly so as is possible. 
 
 For neglecting to keep such weekly accounts or make such quarterly returns, or for 
 making false abstracts or returns, a penalty of five hundred pounds is recoverable from 
 the bank, as well as a penalty of one iuindred i)oiiiids for eai/h offence from the officer, 
 whose duty it is to do so, neglecting to make a return or making ftilse statements, said 
 penalty to be recoverable in the Supreme Court. 
 
 A coi)y of the charter or deed of settlement must be recorded in the office of the 
 Registrar-Cieneral within thirty days from and after the passing of this .Act, or as soon 
 thereafter as may be practicable, which charter shall be oi)en for inspection by anyone in- 
 terested on i)ayment of a fee of one shilling for each inspection. (1864, sec. 7). 
 
10 
 
 SYNf)PSlS OF BaNKINO SYSTEMS. 
 
 For neglect of so registering, a penally of one hundred pounds sliall i)e incurred. 
 
 On every new charter or co-partnersiiip must be registered, in order to prf)vide against 
 the liability to the foregoing penalty (1864, sec. 8) :- 
 
 'I'he names of i)roprietors, with their respective i)laces of alxitlc, and descriptions, 
 made under oath, must be sent to 'he Registrar-deneral within thirty days from tiie ist of 
 January in eacii year, where it shall lie open for inspection on payment of a fee of one 
 shilling for each ins[;ection. Upon omission to cause such return to be made, or wilfully 
 falsifying such return, a penalty of one hundred pounds is recoverable. (1864, sec. y). 
 
 Projirieters, on withtlrawal from the bank or banking c()m|)any, must give notice of 
 such witlulrawal in the Ciovcrnment Gdzctfe^ and are still held res])onsib!e for their 
 ])ortion of the debts of the bank or banking company contracted during their term of 
 membership, until a new list of members is registered. {1864, se<'. 10). 
 
 Oaths required to be taken verifying return.s, can be so taken before a justice of the 
 peace. If found to be false in any j)articular, the ofiicer whose duty it is to take such oaths 
 to verify such statement subjects himself to all the penalties of law for perjury. (1864, 
 sec. 1 1 ). 
 
 Action for any infringement of the above provisions must be cw, , icnced within two 
 years from the date of the offence having been committed. (1864, sec. 12). 
 
 In the matter of fiiilure to carry out any of the provisions herein set forth, the proof 
 of inability to do so must be satisfac'torily shown, to entitle the bank or banking company 
 to the benefit of this Act. (1864, sec. 13). 
 
 Australian sovereigns and half sovereigns struck in Her Majesty's Royal Mint at 
 Sydney to pass current in Victoria, and that they have been current since 1857. (1864, 
 sec. 14). 
 
 .AMENDMKNT TO THE COMP.VNIES ST.\ 1 UTK .\CT (1888). 
 
 This is known as the lianking Companies Registration .Act, to he one with the 
 ( Companies Statute, 1864. 
 
 I'el'ore registering a special resolution and memorandum an.l articles of assf)ciation 
 must be ])assed. 
 
 The memorandum for registration nuist contain ; — 'I'he name of the company, and if 
 limited, the word "limited " must be added as the last word of such name. 
 
 The objects for which the company is intended. 
 
 A declaration that the liability of the comjiany is limitetl, if such it l)e. 
 
 The amount of the capital and the amount of each share. 
 
 If limited by guarantee, die amount so guara.iteed. 
 
 A copy of the above to be deli\ered to the Registrar-General. 
 
 In case of error in memorandum of the Association discovered after registration it 
 shall noL void the company's charter, but upon application to the Supreme Court by one 
 not having consenteel to such memorandum the error may be rectified. 
 
 Returns to be made to the Registrar-Oeneral each year instead of si.x months, as 
 under Act of 1864. 
 
 Report for last quarter 1887 shows coin bullion held by banks $ 33,281,765 80 
 
 Covernment Deposits $ 14,1^^,367 oo\ 
 
 I'eoples' Deposits 157,272,961 73J ' '•'"'•*' 'J 
 
 Loans and advances 185,099,101 73 
 
 FRANCS. 
 
 Previous to 1848 there were ten banks of issue in France, the Bank of France, and 
 departmental banks established at Rouen, Nantes, Bordeaux, Lyons, Marseilles, Lille, 
 Havre, Toulouse and Orleans. The Bank of France had also branches in various parts of 
 t'iv, '.ountry. In consequence of the revolution of 1848, the 15ank of France had to make 
 large advances to the (lovernment, and there was so severe a strain on it for gold that it 
 was authorized to suspend cash payments, and a limit was |)laced on the amount of its issues. 
 
 Similar measures were passed with reference to the nine departmental banks, but 
 later in the year these latter banks were united to the Bank of France and made branches 
 of it, and since then the latter bank has been the only note-issuing institution in f'rance. 
 Cash p;'yments were resumed a few years later, and the decrees imposing limits on the 
 circulatio 1 were then abrogated, 'i'he issues of the bank would seem to be sid)ject to no 
 
Synopsis oi- Banking Systems. 
 
 11 
 
 incurred, 
 rovido against 
 
 I descriptions, 
 ■0111 tiie 1st of 
 t' :i fcL' of one 
 de, or wilfully 
 64, sec. 9). 
 rive notice of 
 iii)!e for their 
 ; tlieir term of 
 
 justice of tlie 
 ike such oaths 
 rjury. (1S64, 
 
 L'd witiiin two 
 
 rth, the proof 
 king company 
 
 oyal Mint at 
 1857. (1864, 
 
 one witli the 
 of association 
 mpany, and if 
 
 registration it 
 Court !)y one 
 
 ix months, as 
 
 coiuiol whatever in ordinary times, a limit i)eing placed upon them only in cases of sus- 
 pension of cash i)aymep,ts. 
 
 The l)ank is obliged to open a compte cuurant for anyone wiio requires it, and does 
 not charge any commission on such accounts. It discounts i)ills, makes advances on stocks 
 and pledges of various kinds and undertakes the care of valuable articles, such as plate, 
 etc. There is no limit as to the rate of interest on loans and discounts, except upon 
 advances to the (iovernment, the maximum interest upon these being limited to 3 
 per cent. 
 
 The administration of the Bank of France is vested in a Council of twenty-one 
 members, viz. : A governor and two sub-governors, appointed by the Covernment, and 
 fifteen directors and three censors, nominated by the shareholders. 
 
 Besides the Bank of iMance and its branches, there are other financial and banking 
 institutions, such as the Credit Foncier, Credit l.yonnais, etc. 
 
 SPAIN. 
 
 The i5ank of Sjiain is not a State bank, and the State does not participate in its 
 profits, but the bank has the management of the Treasury accounts ; it has under its care 
 the collection of the taxes and the payment of the interest on the funded debt, and it has 
 a running account for the floating debt recpiirements of the Treasury, to the extent of 
 165,000,000 pesetas, or _;^y), 600,000, upon which it receives interest at the rate of 3 per 
 cent, per annum. It has the monopoly of the note issue, which right may be exercised to 
 the extent of five times the [laid-up ca[)ital of the bank. The notes in circulation must be 
 secured to the extent of at least 25 per cent, by a metallic reserve, but there is no proviso 
 as to tlie proportion of gold and silver to be held. As a consec|uence, the more precious 
 metal represents but a small j)roportion of the total reserve, while the bulk of the silver is 
 held at the branches, of which there are over fifty in all the ])rincipal towns of Spain, all 
 issuing notes. These notes are ordinarily paid in silver. According to the commercial 
 code, the securities held against the note issue ought to be realizable within a maximum 
 [)eriod of ninety days. The paid-up capital of the Bank of Spain amounts to 150,000,000 
 pesetas, say ^6,000,000 sterling. There are twenty-four other banks, with an aggregate 
 paid-up capital of about the same amount, whose shares are quoted on the Madrid bourse. 
 The note ciri'ukition at the end of 188S was 719.736,775 pesetas, the authorized issue 
 being 750,000,000 pesetas. 
 
 There are numerous private banking establishments in >>pain, generally large merchant 
 houses, which also undertake financial operations of a banking character, generally on 
 commission. 
 
 'I'here are also about thirty-seven agricultural banks, besides a few penny savings 
 banks. 
 
 SWEDEN. 
 
 1,765 80 
 2,328 73 
 9.101 73 
 
 f France, and 
 irseilles, Lille, 
 xrious })arts of 
 ,' had to make 
 r gold that it 
 It of its issues. 
 :al banks, but 
 lade branches 
 on in France. 
 ; limits on the 
 subject to no 
 
 J, 
 
 'I'he following is a summary of the banking law of Sweden with regard to jirivate 
 note-issuing banks, the full text being gi\en in the luuikcrs' Matfazi/ie of laniiary, 
 1879;- 
 
 Charters may be granted to banking com[)anies issuing their own notes, for a jieriod 
 of ten years from the ojiening of the bank, and if the company wishes the charter 
 extended it has to make application eighteen months before the current charter runs out. 
 
 The partners in the banking com[)any must be Swedish subjects, to the number of at 
 least thirty, and they are responsible, one for all, and all for one, for the fulfilment 
 of all the engagements of the com|>,in)'. They are called [lailners with joint 
 res[)onsil)ility. 
 
 'I'hey ma\-, fiir tlu' |)ur|>ose of increasing the cnpilal of the bank, unite wiili them 
 shareholders whose respt)nsibility for the engagements of the compan\ is limited to the 
 full amount of their shares. They are called shareholders with limited liability, and can- 
 not be received into the company for more than, at most, the half of the amoipt the 
 shareholders with joint responsibility put into the ca])ital. 'I'hey are not allowed to take 
 part in any other resolutions at the company's meetings than the election of auditors, to 
 which office they may be elected. 
 
^IF 
 
 12 
 
 Synoi',si.s of Banking Systems. 
 
 A partner with iinliniitcil lial)ility is not allowed to rclirt' from tiie coni])any or transfer 
 his shares without the consent of tlie coin|)any, a request being made in writing to the 
 directors and taken into consideration at the ordinary meeting of the company held in the 
 business year next ensuing, and notice of the retirement of such partner, or the joining of 
 a fresh partner with unlimited liability, has to be given by the directors to the local court 
 of justice, to i)e entered in its register, and has also to be advertised in the i)ublic news- 
 papers. 
 
 Owners of shares with limited liability may transfer their shares after notice to the 
 directors, due regard being had in other respects to the rules laid down by the company 
 for such purpose. 
 
 A list of the partners, of l)0th kinds, with the number of shares held by each, has to 
 be kept at the bank, on which all alterations in the ownership are noted, and it is free to 
 any one to take notes of this list during the time the bank is open to the public, and a 
 certified extract therefrom will be given on payment of a fee. 
 
 The rules of the company have to contain resolutions coricerning the amount of 
 capital ; how for shareholders with limited liability may be admitted, and on what condi- 
 tions, especially as to the share of the profits to come to them ; the grounds for exercising 
 the rights of voting at the company's meetings ; the number of directors on a board, which 
 at head office must be at least live ; the number of auditors and times of audit, 
 which must be annual ; the branches of the business of the bank, it being expressly 
 enacted that neither its own share certificates nor those of other ])rivale banks may 
 be accepted as security for advances ; the manner of effecting alterations in the Ci)mi)any's 
 rules ; the time of the ordinary meetings of the company, which must be at least 
 once a year, and the conditions for calling extraorcJinary meetings ; the formation 
 of a reserve fund, and the share of the annual profits to be transferred thereto, and 
 the terms u])on which shall be valued the bonds, etc., which may be accepted as deposit 
 for issued bank notes. 
 
 The capital contributed by the partners with joint responsibility is not to be under 
 one million kronor (about $270,000) and must be paid up within one year after the 
 bank is opened to the public, under penalty of forfeiture of charter ; and at least 10 per 
 cent, must be ])aid up before the bank commences business. If shareholders are admitted 
 with limited liability the amount by which the capital is thus increased must likewise be 
 contributed within a year from the opening of the subscrijjtion. The capital is divided 
 into equal shares, and the share certificate is made out in favor of a person mentionetl by 
 name, but it is not issued until the capital in full has been contributed, before tlie bank 
 commences business a list of the jjartners jointly res])onsible for its engagements has to 
 be delivered to the court of justice in the town where its head office is situate (and the 
 head office can only be opened in a town), as well as advertised in the ])ublic journals. 
 
 At least 60 per cent, of the capital has to be converted into public bonds, and at 
 least one-half of these bonds must be readily saleable obligations bearing interest; the 
 remaining bonds registeretl upon landed pro])erty in the coiintr)- within one-half of the 
 assessment valuation last made, or upcjn real propert)- in a town witiiin one-half either of 
 the value of in.surance against fire or of the assessment valuation last made ; the buildings 
 on the j)roperty in a town to be kept insured against fire. This deposit has to be 
 examined by delegates of the company, together witli the (Governor of the province, or a 
 person aiijiointetl by him, and to be deposited at the office of the Exchequer or at some 
 public place of safety. The exchange of securities is dealt with in the same way as at the 
 first examination. 
 
 The partners with joint resjionsibility elect from among themselves a board of 
 directors, who manage the bank. Ivuh tlirector deposits with the bank at least one share 
 certificate, which is not delivered up by the bank so long as he remains a director. He 
 may be removetl by a resolution duly passetl at a meeting of the company. 11 he retires 
 he remains responsible for tran.sat^tions in which he has taken part until his release has 
 been assented to, after audit, at an ordinary meeting of the com|)any. The names of 
 directors and those i)ersons who are entitled to sign the coin|)any's bank notes and other 
 liabilities are notified to the proper ol"fici;il and [Hiblished in the public journals after each 
 ortlinary meeting, and also when any change has taken place. 
 
 The accounts of the bank are open at any time to examination by the Commissioner 
 
Synoi'sis oi' Banking Systems. 
 
 13 
 
 ly or transfer 
 riting to the 
 y held in the 
 10 joining of 
 ; local court 
 jjiiblic ncws- 
 
 lotice to the 
 he company 
 
 each, has to 
 :1 it is free to 
 )ul)lic, and a 
 
 ic amount of 
 what condi- 
 i"or exercising 
 board, whicii 
 les of audit, 
 ing expressly 
 ; banks may 
 he com|)any"s 
 ; 1)0 at least 
 lie formation 
 thereto, and 
 ;d as deposit 
 
 it to be under 
 ,'ear after the 
 it least 10 per 
 ; are admitted 
 St likewise be 
 ital is divided 
 mentioned by 
 •fore the bank 
 cments has to 
 :uate (and the 
 c journals, 
 bonds, and at 
 
 interest ; the 
 ne-half of the 
 
 half either of 
 
 the buildings 
 sit has to be 
 })rovince, or a 
 ler or at some 
 
 way as at the 
 
 :s a board of 
 east one share 
 director. He 
 If he retires 
 his release has 
 The names of 
 otes antl other 
 nals after each 
 
 Commissioner 
 
 of the {Government or the authorities of the l-'inance Department ; monthly returns of the 
 condition of the bank have to be made to the I'inance I)e])artment, which return has to 
 contain a statement of the interest upon loans, together with the current rate of disi:ount ; 
 any alteration in the interest on loans or rate of discount has to bo advertised in the public 
 journals; a report of the audit has to be made to the Finance I)ei)artment, and also 
 inserted in the public journals. If deviations are made from the law or from the com- 
 pany's rules, and are not rectified within a month, the company becomes liable to have its 
 charter forfeited. 
 
 Notes may be issued to the aggregate of the bonds dei)osited as aforesaid ; plus the 
 reserve fimd of the bank, so far as it consists of securities de|)()sited in |)ublic keeping, and 
 so constituted that they may be regarded as corresjionding in value with bonds ; plus the 
 securities held in the bank to a sum not exceeding 50 i)er cent, of the entire capital of the 
 bank, provided the funds at the head office, in lawful current gold coin, amount to 10 per 
 cent, (jf capital ; plus all the gold at the head office belonging to the bank, exceeding in 
 value 10 per cent, of the cai)ital. If a bank exceeds its issue it forfeit., to the State, unless 
 the matter is rectified within ten days ; for every ilay such excess of issue takes jilaci', the 
 amount of 1,000 kronor ($270), and if such excess of issue takes i)lace fre(|ucntly, the 
 license to the bank to issue its own notes may be revoked. 
 
 If [layment of a note is refused, the holder is entitled to receive interest at the rate of 
 6 per cent, per annum, together with the ])rincipal, from the date of refusal until payment 
 can be obtained. The holder, after protest by a notary, is entitled to make a re|)ort to the 
 Commissioner, who, if it cannot be immediately proved that the hindrance originated in 
 an aci'ident, must, without delay, re|)ort to the Cio\enunent, and in the meantime suspend 
 the business of the bank, and it then rests with the (iovcrnment to tiecitle if the charter 
 shall be forfeited. '1 he company has a right to ajjply for the approjiriation of its dejiosit 
 to pay its note circulation, and in such case it loses the right of issue to the extent of the 
 valuation of the securities sold, and half as much again, and it is bound to restore its 
 securities to the proper amount as soon as possible. 
 
 'i'he ca[)ital contributed and reserve fund cannot lie decreased !))■ ili\ision so long as 
 the banking business continues, nor at its termination, in a proportion greater than that 
 the remainder fully corresponds with the amount of the company's circulating and current 
 liabilities of every kintl. If a banking com])any, according to the balance stated in the 
 books dulv audited at the close <jf any business )'ear, has inciUTetl such lossi's that the 
 reserve I'und of the bank and 10 per cent, of the capital which the partners with joint 
 rcsi)onsibility have contributed have been lost, the bank shall be placed under seciuestra- 
 tion and dissolved, unless, at a meeting convoked for the purpose without delay, the com- 
 pany declares itself willing, within three months thereafter, by means of calling up 
 additional cajiital \)W its shares, to restore the capital to its iirojier amount, and it is the 
 (lut\' of the Covermnent Commissioner to see that such resf)lution is carried out within the 
 time, and if it is not, the company is placed absolutely under sei|uestration and dissolvetl.^ 
 
 The ci)mpany is not allowed to carry on business with anything than gold and silver, 
 hoiue and foreign bills of exchange, and public stock bearing interest, nor to become 
 ]iossessed of other real properly than required for bank jiremises. Mortgaged projjcrty 
 aii|uired by it must be sold again as soon as a sale can take place without loss to the 
 bank. 
 
 It ajipears from a note in the /uvilvrs' Afns^itzhie of .\pril, 1SS7 (p. ,^53), that during 
 the then last session of the Swedish Parliament tlie Ciovernment i)resented a bill for 
 amending the law of banking, the chief features of which were greatlv to curtail the jiowers 
 possessetl by the private note-issuing banks. It was- |)roposed that tlie\- should hold as 
 security at least 70 per cent, of the \alue of the notes in 1 iniilalioii in (loM'rnMunt bonds, 
 and that the total value of all private notes in circulation should not exceed liftv million 
 kronor (say $13, t;oo,ooo). It was also jiroposed that notes for the sum of 10 kronor 
 (say $2.70) should only be issued to the extent of thriT-lifths of the total issue. Although 
 it was felt that these alterations were highly desirable, the two chambers of the House 
 could not agree to certain details, and the bill was lost for the time being. The existing 
 |)rivileges of issue were renewed for a term of five years from the 31st March, 18X7. 
 
 In addition to the private banks there is a national bank, the bank of Sweden, which 
 has the right of note-issue, and joint stock banks, which apparently do not possess the 
 
14 
 
 Synoi'.si.s of Banking Systems. 
 
 note-issuing privilege. The Ijullion in tlie iJank of Sweden must amount to fil'tcen million 
 kronor (say .'f2,S35,ooo. ) I'Vc^in the otTuial rcjioit it appears thai on the ^tst December, 
 i>S,S<S, the t(Jtal larculatioii of all the i)anks, including tlie Hank of Sweden, was 100,033,- 
 000 kronor, and the authorised issue 148,769,000 kronor, leaving an unissued balance of 
 48,736,000. The notes of the Hank of Swetlen in circulation were over forty-four millions, 
 and nearly thirty millions remained unissued in all seventy-four millions, leaving about 
 the same amount as the authorised issue of the private banks. 
 
 There is a Ciovernment tax on the notes issued by private banks. 
 
 GERMANY. 
 
 Prior to 1S75 l)anks had been established in the several German States under laws 
 peculiar to each, and most of them were allowed t(^ issue notes according to regulations 
 varying from State to State. The notes of each bank were necessarily conlined to its own 
 neighborhood. In 1875 '^'^ -"^^^ was passed which is now the general banking law of the 
 German Empire. By it the Imperial IJank was formed, with the right of circulation and 
 establishment of branches throughout the Empire ; thirty-two other banks were recognized 
 as possessing note-issuing privileges. The issues of the Imperial anti the other banks 
 were limited to an entire circulation of 385,000,000 marks,////.? the amount held by each 
 in cash, that is, in current German money, legal tender notes of the Empire, notes of 
 other German banks, and gold bars and foreign gold coin, calculated at the rate of 1,392 
 marks for a iiound (German) of gold. If a bank exceeds its authorized circulation it has 
 to pay yearl)- to the Kxcheiiuer on the excess a tax of 5 per cent. Of the 385,000,000 
 marks of issue the Imperial Hank had $250,000,000 (^, 1 2,500,000), and the remaining 
 135,000,000 (^/), 750,000) were di\ided among the other banks, with a proviso that if a 
 bank lost its right of issue, by renouncing it or otherwise, it fell to the Ini])erial Bank. 
 Uniler this jirovision rights of issue have been renounced to the extent of 35,585,000 
 marks, so that the present share of the Imperial Hank in the circulation limited as above 
 slateil is 285,585,000 marks (^'14,279,250), leaving to the other banks 99,415,000 marks 
 (^^4,970,450), (jf which sum 72,000,000 (^^3,600,000) fall on the banks of South 
 Germany. It was further enacted that no right of issuing notes should be conferred, nor 
 any issues extended, except by a law of the Empire. Notes could not be issued for a less 
 amount than too marks (XS)! ''^'t 'i<^ one could be forced to accept them for payments, 
 which b\' law nuist be made in money. The banks are bound to accept their own notes 
 at their full nominal value in payments, not only at their head offices, Ijut at all their 
 branch offices. Every note-issuing bank is bound to publish four times a month a state- 
 ment of its asrers and liabilities, and also within three months after the comjiletion of its 
 business year an exact balance sheet of assets and liabilities, with special mention of the 
 contingent liabilities u])on inland bills of exchange which have ]iassed awa)- into (jther 
 hands. 
 ^ The Imperial I'ank is under the direction and conttol of the Empire, with its head 
 
 office at ISerlin. It has to jiublish the rate for which it discounts or gives loans on 
 interest. It is authorized to issue notes according to the rct[uirements of its business, 
 under the control of the (Commissioner for the tlebts of the ]'".m])ire. It is obliged to 
 have in its coffers at least one third of the amount of notes in circulation in German cur- 
 rency, legal tender notes of the Empire, or in gold bars or foreign gold coin valued at 
 1,392 marks for a [lound (German) of gold. The rest of the notes in circulation must be 
 represented by dist:ounted bills, due at latest in three UKjnths, and for which geneially 
 three, but at least two, persons known to be solvent are responsible. It is obliged to 
 redeem its notes, in German curreiK'y, at its head offic:c, on |)resentatit)n, and at branch 
 offices as far as its means extend. It and its branch offices are exempt from income or 
 trade taxes. It is bound to accept as |)ayment, under certain conditions, the notes of the 
 other note-issuing banks, and it may enter into agreement with them to renounce their 
 rights of issue. It is obliged gratuitously to accept payments for the I'.mpire, and to 
 make such up to the amount of the Em[)ire's credit, and it is authorized to take in charge 
 the same business for the separate German States. Its capital is 120,000,000 marks 
 (^6,000,000), divided into 40,000 shares of 3,000 marks each (^1^150). Its net revenue 
 at the close of every year is used as follows : ist. 'I"hc shareholders receive a dividenil 
 of 4}'2 l)er cent, on the capital ; 2nd. Twenty per cent, of the rest is appropriated to the 
 
1" 
 
 Synopsis of Bankino Systems. 
 
 16 
 
 Iccn million 
 l)ecL'ini)or, 
 lis 100,033,- 
 I i)alan(x- of 
 lur miliiohs, 
 i\ing about 
 
 1 under laws 
 
 regulations 
 :1 to its own 
 
 law of the 
 ulation and 
 : recognized 
 )ther l)anks 
 eld by each 
 ire, notes of 
 Lte of 1,392 
 lation it has 
 5<S5, 000,000 
 e remaining 
 iso that if a 
 lerial liank. 
 
 35.5^5.000 
 ed as above 
 ;,ooo marks 
 ; of .South 
 nferred, nor 
 .h1 for a less 
 r payments, 
 • own notes 
 
 It all their 
 tub a state- 
 
 etion of its 
 tion of the 
 
 into other 
 
 ith its head 
 -i loans on 
 
 business, 
 obliged to 
 rman cur- 
 
 vahicd at 
 )n must be 
 1 generally 
 obliged to 
 at branch 
 mcoine or 
 lies of lite 
 lunce their 
 ire, and to 
 ,' in charge 
 
 000 marks 
 •t revenue 
 
 1 dividend 
 tted to the 
 
 reserve fund, so long as the latter does not amount to one-third of the capital ; 3rd. Onc- 
 iialf of the balance remaining is to be paid to the shareholders, so long as their dividends 
 do not exceed S i)er cent.; the other half goes to the Imperial IC\che(iuer, one-fourth to 
 the shareholders. Should the net revenue not amount to 4'.. per cent, of the ca|)ital, the 
 deficiency must be made up from the reserve fund. If the shares are issued at a premium 
 above their nominal value, the amount so gained goes to the reserve fund. Due dividends 
 after four years fall to the bank. 'I'he control belonging to the Government is exercised by 
 bank-curatorium (a sort of council of administration) i-onsisting of the Chancellor of the 
 ljii|)ire as president, and four colleagues -one named by the ]''-m[)eror, and the (Jther 
 three by the Federal (Council. 'I'his curatorium meets once a ([uarter and receives reports 
 on the condition of the bank and everything relating to it, and to it is communicated a 
 general statement of accounts of all business oi)erations undertaken by the bank and the 
 regulations made by it. The part of the direction belonging to the (lovernment is exer- 
 cised b\- the Imjierial (,'hancellor, and under him by the Imperial Hank Directory. 'l"he 
 ("hancellor directs the whole administration according to the rules of the Act and the 
 regulations made thereunder, and he alone is authorized to introduie changes in any of 
 the regulations. 
 
 'i'he Imperial liank Directory is the official authority by which the bank is adminis- 
 tered and actively represented. It consists of a president and a certain number of 
 members, and votes by a majority of voices, but is subject to the direction of the 
 ( !liancellor on all (juestions of administration. The president and members are ap])ointed 
 for life by the iMiiperor on a i)ro])osal from the I'ederal C!ouncil, but the Central Com- 
 mittee, hereafter referred to, has to be consulted before the I'"ederal Council comes to a 
 decision as to an a])])ointmeiU to fill a vacant jilace in the Directory, fither than the 
 jiresident thereof. This (!entral Clommittee is elected by the shareholders, and forms 
 their rejiresentative with the administration. It consists of fifteen members, with fifteen 
 substitutes, chosen from among shareholders of at least three shares. It meets once a 
 month and receives reports as to the business of the bank, as well as all pro])osals of the 
 liank Directory as to the business or regulations of the bank. It approves of the amount 
 II]) to which the funds of the bank may be used in loans, and it expresses its opinion on 
 other points of administration, while a continuous special control over the administration 
 is exercised Ijy three of the committee chosen annually, with as many substitutes, who 
 ha\e the right to be present and ])ronounce their opinions at all the meetings of the IJank 
 Directory, and also at any time to examine the books and business of the bank. The 
 members of the Central Committee receive no remuneration lor their services. 
 
 The other banks of issue are restricted as to business and circulation to the States 
 in which their right has been granted, but under certain conditions these restrictions may 
 be removed. 
 
 It appears from a note in the Eiononiist of the 9th November, 1889, that the German 
 Government has submitted to the Reichstag the necessary notice of the changes proposed 
 to be made in the Act on the 1st January, ICS91, with regard to the Imperial I'.ank, from 
 which it a[)pears that the only changes to be made are that the first dividend payable to 
 the owners of the shares is to be reduced from 4J2 per cent, to y/2 per cent., and that 
 the total dividend, now fixed at 8 percent., is to be reduced to 6 per cent., gains exceeding 
 that ])ercentage to be as now divided at the rate of three-cjuarters to the Imperial 
 Treasury and one-ciuarter to the shareholders. No doubts are entertained as to the 
 ultimate adoption of these changes, both liy the shareholders and by the Reichstag. If 
 they are accepted, the bank law will have another course t(j run until the close of the year 
 1 900. 
 
 RUSSIA. 
 
 In Russia the chief bank (the Imperial Hank) is a bank founded by the State, con- 
 ducted under the supervision of the State, and for the benefit of the State. Its cajiital 
 is an investment of the State : its directors are a committee of the Treasury ; its business 
 is partly for the State and partly for the general jiublic, but its jirofits are credited solely 
 to the State. It was established in i860 for the puqiose of regulating paper currency and 
 giving assistance to commerce. Besides it there are between three and four hundred 
 other banks of various kinds in Russia. Notes are issued by the State, 
 
 -S 
 
16 
 
 Synopsis ok Haxkino Systems. 
 
 UNITED STATES. 
 
 Tn till' I'liitcd States of Anicrii;!, tluio lias hccii in force since 1864, what is known 
 as tile "National i!anl< Act." 'I'liis Act is entitled: "An Act to i)rovi(le a National 
 (!iirrency, secmvil by a jiledife of United Slates lionds, and lo |)ro\ide for the circulation 
 aiul redemption thereof," and, 'vith its amendments, now forms the hanking law of 
 the United States. Under it a Bureau was established in the Department of the Treasury, 
 charged with the execution of a'l laws relating to the issue and regulation of the national 
 currency, and the chief officer of this liiireau is called the {'()nii)troller of the 
 Currency, and performs his duties under the general direction of the Secretary of 
 the Treasur)-. lie is appointed by the President, on the recommendation of the Secretary 
 of the IVeasury, with the consent of the Senate, and holds his office for five years, unless 
 removed for cause. Neither he nor his deputy can have any interest, either directly or indi- 
 rectly, in a national bank, lie makes an annual report to (Congress, giving: 1st. A sum- 
 mary of the condition of each national a.-^sociation ; 2nd. A statement of the associations 
 whose business has been closed dining the \ear, with the amount of their circulation, 
 redeemed and outstanding; 3rd. Any amendment to the banking laws by which the system 
 might be imiiroved and the security of note-holders and other creditors increased ; .jth. A 
 statement of the condition of the banks, (including savings banks) organized under 
 the laws of the several States and Territories such information to be obtained by 
 him from the re{)orts to the I.egislatines or otficers of the several States and Territories, or, 
 if there are no such reports obtainable, from such authentic sources as may be available ; 
 and, 5th. The names and comjiensations of the clerks employed by him, and the whole 
 amount of the expenses of the banking Department during the year. 
 
 National banking associations are obliged to transmit to the ('om|)troller each year a 
 full list of the names and resideiues of the shareholders, with the number of shares held by 
 each, such list to be verified by the oath of the president or cashier thereof. They 
 arc also obliged to make not less than five reports each year to the (x)m])troller, in a form 
 presi^ibed, and verified by the oath or affirmation of the president or cashier, and attested 
 by at least three of the directors, showing in detail their resources and liabilities at the close 
 of business on any past day specified by the Comptroller, which rejjort, in the form 
 in which it is made to the Comptroller, has to be imblished in a newspaper published in 
 the place where the association is established, or, if there is no newspaper in the 
 jilace, then in the one jniblished nearest thereto in the same county. The Comptroller 
 has power to call for special reports from a jiarticular association, whenever he deems it 
 necessary. The associations have also to rejjort to the Comptroller, within ten days after 
 declaring a dividend, the amount of the dividend and the amount of net earnings in excess 
 thereof, such reports to be attested by the oath of the president or cashier. I''or failure to 
 make the reports as to their condition and dividencls, the association incurs a penalty 
 of $100 for each day it delays after the time allowed by law to make and transmit the 
 same. 
 
 It will be noticed that there were, at the time of the passing of the Act, banks in ex- 
 istence, organized under the laws of the several States ami Territories. Provision is made 
 for the conversion of such banks into national banking associations, retaining their 
 branches, if thev choose, provided they do not have a less capital than required of national 
 associations. 'I'here is a tax of 10 i)er cent. u|K)n the notes of State banks used for circu- 
 lation, and a similar tax ujjon all notes used for circulation, not being national association 
 or United States notes. 
 
 National banking associations may be formed by any number of persons, not less than 
 five ; and u|)on their making and fyling articles of association and an organization certifi- 
 cate, they become a body cor])orate with jiower to use a corporate seal : to have succession 
 for twenty years, unless sooner dissolved, and provision is made for an extension of this 
 period ; to make contracts ; to sue and be sued ; to elect did'ctors and to appoint and dis- 
 miss officers, and define their duties, etc. : to make by laws as to transfer of stock 
 and general conduct of business, and tf) exercise all incidental jjowers necessary for the 
 carrying on of the business of banking : biU no association is ])ermitted to transact any 
 business, excejU such as is incidental and necessarily jireliminary to its organization, until 
 it has been authorized by the Comjitroller of the (Currency to commence the busi- 
 ness of bankmg. The minimum capital required is $100,000, with a proviso that 
 
 
 legal 
 dmics 
 notes 
 the 
 
 lliereo 
 
 sliouid 
 
 ;« of liki. 
 
 -r§ remain 
 1 reasi 
 sil 
 
 I gold a 
 
 I the 
 
Synopsis of Banking Systkms. 
 
 17 
 
 lat is known 
 a National 
 J ciiTulalion 
 king kiw oi" 
 he Treasury, 
 tlic national 
 )llcr of the 
 Secretary of 
 :ie Secretary 
 years, unless 
 ectly orintli- 
 ist. A sum- 
 : associations 
 ■ circulation, 
 :h the system 
 ased ; 4tli. A 
 uii/ed under 
 ohlainud by 
 'crritorics, or, 
 he available ; 
 ,nd the whole 
 
 ■r each year a 
 iha.esheld by 
 lereof. They 
 Her, in a form 
 , and attested 
 ies at the close 
 , in the form 
 - published in 
 q)aper in the 
 e Comptroller 
 :r he deems it 
 ten days after 
 ings in excess 
 l''or failure to 
 urs a penalty 
 transmit the 
 
 :, banks in cx- 
 ision is made 
 
 •etaining their 
 
 red of national 
 ised for circu- 
 
 nal association 
 
 s, not less than 
 li/ation certifi- 
 a\e succession 
 tension of this 
 i|)oint and (lis 
 nsfer of stock 
 cessary for the 
 to transact any 
 anization, until 
 nee the busi- 
 i proviso that 
 
 in a place of less than 6,000 inhabitants a bank may, with the approval of the Secretary of 
 the 'I'reasury, be organized with a capital of not less than $50,000 ; but $200,000 capital 
 is re(|uire(l in cities of over $50,000 p()|)ulation. Fifty l)er cent, of the capital must 
 be paid up before the bank can be authorized to commenie business, and the remainder 
 of the capital stock must be paid up in monthly instalments of to per cent, each 
 1)11 the whole amount of caiiital that is to say, within five months after being auchorizx-d 
 to commence business. As soon as the Comptroller is satisf^id that all the retiuirements 
 of the law are complied with, he i.ssues a certificate authorizing the association to 
 ( onmicnce business. 
 
 Every association, before commencing business, must deposit with the Treasurer 
 of the United States, United States interest-bearing registered bonds. The minimum 
 amount of bonds to be kept on dej)osit is $50,000, in case of banks exceeding $150,000 
 ca]>ital ; and an amount eipial to one-fourth of their capital stock, in the case of banks hav- 
 ing $150,000 capital or less. 'I'hcse bonds are held exclusively for the i)urpose of 
 ihe redemption of the circulating notes of the association, and upon their deposit theasso- 
 I lation receives from thr Comptroller of the Currency circulating notes of different 
 denominations (since the resum[)tion of specie ])ayments, not under $5) to an amount 
 equal to 90 |)cr c:ent. of the current market value of such bonds, not exceeding par, 
 but the total of notes so issued shall at no time exceed yo [)er cent, of the actually paid-up 
 cai)ital of the association. In addition, each association has to deposit in the United 
 States Treasury a sum equal to 5 per cent, of its circulation, which may be counted as a 
 part of its reserve hereinai.cr referred to, but which 5 per cent, is to be held and used for 
 the redemption of the circulation. When the circulating notes of the national associations 
 are presented for retlem[)tion in sums of $1,000, or any multiple thereof, to the Treasurer 
 of the United States, he redeems them in United States notes, and charges the notes so 
 redeemed to the associations issuing them ; and when the notes so redeemed for 
 any association amount to $500, such association de])osits with the Treasurer a sum in 
 United States notes ecpial to the sum redeemed ; whereupon the notes so redeemed, or 
 new notes, if they are unfit for use, are forwarded to the association so issuing them. 
 The notes of an association are redeemable only in this way and at its own counter. 
 Provision is made for the retiring of circulation and withdrawal of bonds down to 
 the minimum limit above mentioned, liut a bank so withdraw'ing cannot receive an 
 increase of circulation for six months. The notes issued to the associations express on 
 their face that they are secured by United States bonds, i)ut they are not issued until 
 signed by the proper officer of the association, so as to make them [)romissory notes of the 
 association, payable on demand. They are received at par in all parts of the United 
 States in payment of taxes, excises, public lands and all other dues to the United 
 States, except duties on imports ; and also for all .salaries and other debts and 
 demands owing by the United States to individuals, corporations and associations 
 within the United States, except interest on the public debt and in redemption 
 of the national currency. I'rovision is made, in case of failure of an association 
 to pay its notes, for the forfeiture of the bonds deposited and for the i)ayment 
 of the note-holders from the proceeds thereof. Every national association has to 
 take at par in payment of any debts or liabilities clue it notes issued by any other 
 national association. 
 
 Notes of the United States are also used as a circulating medium, and are a 
 
 legal tender in payment of all debts, public and private, within the United States, excsjit 
 
 duties on imports and interest on the ])ublic debt. Prior to the 3 1st May, 1878, all such 
 
 notes in circulation in excess of $300,000,000 were to be redeemed as the circulation of 
 
 the banks increased, but on that date an .'Xct was jiassed forbidding the further reduction 
 
 thereof and enacting that no such notes should thereafter be cancelled or redeemed, but 
 
 should be re-issued and kept in circulation, mutilated notes being replaced with new notes 
 
 '■ of like denomination. 'J"he result is that the circulation of these legal tender notes has 
 
 -remained at the amount then outstanding, $346,681,016. In addition to these notes, the 
 
 Treasurv issues gold and silver certificates, the gold certificates lor not less than $20, hut 
 
 [the silver for smaller amounts. I'hese certificates are represented in the 'i'reasury by 
 
 [gold and silver coin respectively, which must be retained for their payment on demand. 
 
% 
 
 18 
 
 Synopsis ok Hanking Systems. 
 
 The issiR' of gold ccTtificatcs is suspended whenever the gold coin and gold bullion in the 
 Treasury, reserved for the retleniption of the United States notes, fall below $100,000,000. 
 
 Provision was also made for the organization of associations for the purpose of issu- 
 ing notes payable in gold upon the security of United States bonds bearing interest 
 payable in gold— no note to be less than $5 ; the issue not to exceed 80 per cent, of par 
 value of bonds deposited ; and the organizations to keep on hand at all times, in gold or 
 silver coin of the United St.ltes, not less than 25 per cent, of the outstanding circulation. 
 There are at present no national gold banks in existence, they having either ceased to do 
 business or become converted into the currency banks. 
 
 Each national banking association is compelled to keep a reserve equal, in large 
 cities, such as Albany, New York, iVc, to 25 per cent., and in other places 15 per cent, 
 of the aggregate amount of the deposits. As has been before noted, a portion of this 
 may be deposited with the Treasury as an additional security for the payment of its circu- 
 lation. If the reserve falls below the limit no new loans or discounts or dividends are to 
 be made until the proper reserve is restored, and if the association fails for thirty days 
 after notice from the Com])troller to make good its reserve a receiver may be ap])ointed to 
 wind up its business. 
 
 The following are some of the other important features of the National Hank Act ; 
 
 'i'he ca])ital stock may be increased, the maximum being determined by the 
 Comptroller, but no increase is valid until the whole amount is paid in and the Comp- 
 troller's approval obtained. The stock may be reduced to a sum not below the minimum 
 required for the formation of the association, by a vote of the shareholders owning two- 
 diirds of tile stock, provided the capital is not reduced below the amount required for 
 outstanding circulation ^ni\ the reduction is approved by the Comptroller. 
 
 Directors must be citizens of the United States and own at least ten shares of stock. 
 'I'here must be not less than five directors, elected annually. 
 
 The shareholders are held individually liable, ecpially and ratably, and not one for 
 another, to the e\te;it of the amount of their stock, at par value, in addition to thi; 
 amount invested in such shares. The shares ($100 each) are deemed personal property, 
 and are transferable in the books of the association. The association cannot loan upon 
 or purchase its own stock. 
 
 Dividends may be declared semi-annually, but before a dividend is declared the 
 association has to carry one tenth of its net profits of the preceding half year to its 
 surjilus fund until the same amounts to 20 per cent, of the capital stock. 
 
 The total liabilities of any person, company, &c., to an association for money bor- 
 rowed, including, in the liabilities of a company, the liabilities of the several members 
 thereof, are at no time to exceed one-tenth of the paid-up capital of the association ; but 
 the discount of bills of exchange drawn in good faith against actually existing values, and 
 the discount of commercial or business pa})er actually owned by the person negotiating 
 the same, are not consideretl as money borrowed. 
 
 The use of the term "National " in title is prohibited to other than National Banks. 
 
 No dividend can be made to exceed the net profits. 
 
 The Comj)troller of the Currency, with the ai)proval of the Secretary of the 
 'i'reasury, as often as deemed necessary or proper, appoints a person or persons to make 
 an examinati(3n of the affairs of every nati(jnal bank, and report to him in detail the con 
 dition thereof ; and the persons so api)ointed have i)ower to make thorough examination, 
 and in doing so to examine all the officers and agents of the association on oath. No 
 person is ap[)ointed who is a director or other otilicer of the association. 
 
 Savings and other banks in the District of Columbia are subject to the laws relating 
 to national banking associations. 
 
 Associations may go into voluntary liquidation and be closed by a vote of share- 
 holders owning two thirds of its stock. 
 
 They have to pay the Government, half-yearly, taxes on their yearly circulation, 
 dejiosit.s and capital stock, beyond amoimt invested in United States bonds. 
 
 Any real estate coming into their possession, by mortgage or otherwise, beyond what 
 is required for their accommodation in transacting their business, cannot be held for a 
 longer period than five years. 
 
iiUioii in the 
 00,000,000. 
 )()sc of issvi- 
 ring iiiteri'sl 
 cent, of par 
 ;s, in gold or 
 ; circulation, 
 ceased to do 
 
 lual, in large 
 1 5 per cent, 
 rtion of this 
 t of its circu- 
 idends are to 
 r thirty days 
 appointed to 
 
 Hank Act : 
 ined by the 
 nd the Comp- 
 the mininnum 
 s owning two- 
 t required for 
 
 lares of stock. 
 
 I not one for 
 Idition to the 
 onal property, 
 lot loan upon 
 
 ; declared the 
 lalf year to its 
 
 or money hor- 
 veral menihers 
 ;sociation ; but 
 ing values, and 
 son negotiating 
 
 ational Hanks. 
 
 crctary of the 
 )ersons to make 
 
 detail the con 
 h examination. 
 
 on oath. N(i 
 
 he laws relating 
 
 a vote of share- 
 
 arly circulation, 
 
 is. 
 
 se, beyond wlwl 
 
 t be held for a 
 
 SPECIi: AND DOMINION NOTi:S. 
 
 The issue of Specie and Dominion Notes is contnillcil liy the Duniinion 
 (lovernuient. 
 
 The latter may be autliorized, by tlio Governoi- in Council, to an amount 
 not to exceed #20,000,000. 
 
 An officer is appointed Ity the Dominion Government, in the ]Mincipal 
 business centre in each Province, styled : the Assistant Receiver-Cieneral — wiiose 
 duty it is, amongst other things, to keep on lian<l a i[uantity ot" Specie and 
 Dominion Notes, sufficient to meet the reciuirements of the Banks, and to be sup- 
 plied to them on the terms specified in un Act of the Dominion I'arliament, known 
 as "An Act respecting Dominion Notes." 
 
 Following is the official title, with the names of the gentlemen undei' 
 who.se control and management the business is conduetcMl at the (.'ajiital, in 
 the Department of Finance* : also a list of the offices foi- the distribution throiigh- 
 out the several Provinces, with the name of the office)- in charge : — 
 
 Minister of Finance and. Receiver-General, 
 
 IIo.N. CEO. E. FOSTER, D.C.E., M.I'. • 
 
 Deputy Minister of Finance and Deputy Receiver-General, 
 
 J. MOKTl.MKK COURTNEY. 
 
 Comptroller of the Currency— MAJOR FRED. TOLLER. 
 Financial Inspector— Tlios. n. TIMS. 
 Assistant Financial Inspector -GEO. \'. CROOKSNANK. 
 Assistant Receiver-General, Toronto, Ont.— C. J. CAMPBELL. 
 Assistant Receiver-General, Montreal, Que.— E. j. HARBEAU. 
 Assistant Receiver-General, Charlottetown, P.E.I.— I'ERC v roi'E. 
 Assistant Receiver-General, Halifax, N.S.— J. R. Wallace. 
 Assistant Receiver-General, Winnipeg, Man.- 1 1. .M. drum.mond. 
 Assistant Receiver-General, St. John, N.B.— R. w. crookshank. 
 Assistant Receiver-General, Victoria, B.C.- J. n. Ma( LAUGHLIN, 
 
ciiaiiti:i{i:d banks, 
 
 LIST or DinF/Tons and fohkkjx a(;encies. 
 
 The Standard Bank. 
 
 i:.siAiii.isiiKi) 1870. 
 
 IIKAI) (M'KICK, .... TORONTO. 
 
 (Formerly the St. Lawrence Hank, Kstaldishcd 1873.) 
 
 DlKKcinus. 
 
 VV. K. Cowan, President. [olin lUiriis, Vice. President. 
 
 W. F.Allan, A. T. To(l<l, Fred. Wyld, K. C. Jnmieson, 
 
 Dr. Morion, A. j. .Sonicrville. 
 
 J. L. lirodie, Cashier. 0. i'. Kcid, ■ - Assistant Cashier. 
 
 Hranciiks. 
 Howmanville, UriglUon, Chatham, Onl. I''oresl, Newcastle, 
 
 Bradford, Caniplicllfonl, ("olborne, llarrislon, i'arkdale, 
 
 Branlford, Canningtoii, Durham, Markliam, I'icton. 
 
 IUnkkks. 
 Montreal — Bank of Montreal. Ne'c York — Hank of Montreal. ' 
 
 London, Eiif,\ — National Hank of Scotland. 
 
 The Dominion Banlc. 
 
 FSTAIILISIIEU 1S7I. 
 
 HEAD OFFICE, .... TORONTO. 
 
 Directors. 
 
 Tas. Austin, President. Hon. I'Vank Smith, Vice-President. 
 
 \Vm. Incc. Ed. Leadhy. E. I!. Osier. 
 
 Jas. Scott. VV. 1). .Mathews. 
 
 R. II. Bethune, Cashier. 
 
 Bankers. 
 
 London, Eng.- — National Hank of .Scotland. 
 
 New York — W. Watson and A. Lang, The Nation.il City Hank. 
 
 Branches. 
 
 Belleville, Lindsay, Toronto, Toronto — Queen and Dundas Sts. 
 
 Brampton, Napanee, " Queen Street East, " Spadina and College Avcs. 
 
 Cohourg, Orillia, " (^ueen Street West, Uxbridge. 
 
 Guelph, Oshawa, " King and ticnrge Sts. Whitby, 
 
 The Banic of Toronto. 
 
 Established 1856. 
 
 HEAD OFFICE, .... TORONTO. 
 
 Directors. 
 Geo. Ciooderham, President. Wm. II. Hcatty, Vice. President. 
 
 W. R. Wadsworth. Henry Cawthra. 
 
 Alex. T. Fulton. W. G. Gooderham. Henry Covert. 
 
 Duncan Coulson, - - - Cashier. Hugh Leach, . • Assistant Cashier. 
 
 Hranciiks. 
 Barrie, Gananoque, Peterborough, .St. C.Uhariiies, 
 
 Cobourg, London, Petrolia, Ring .Street W., Toronto. 
 
 Collingwood, Montreal, Port Hope, 
 
 Bankers. 
 London, England — The City Bank (Limited.) New S'ork— National Bank of Commerce 
 
Ill Dundas Sts. 
 and College Avcs. 
 
 ■sident. 
 
 ant Cashier. 
 
 "S, 
 
 \V., Toronto. 
 ■ Commerce 
 
 ChaKTEFIED HaNKH: DlHEfTOHH AND FoHEHJN AdENCIES. 
 
 21 
 
 :B ATsTTC OF OTTJ^'V^J^ 
 
 XlSTJ^SXiXSHZlX) IBT^i. 
 
 HEAD OFFICE, - - - - OTTAWA. 
 Capital fully Paid-up, $1,000,000. | Rest, - - - - $400,000. 
 
 DIRECTORS. 
 
 JAMES MacLAKKN, Esq., 
 CHARLES MAC.EE, Esq., 
 
 R. BLACK I! URN, Esg. 
 
 Hon. CEORGE URYSON, Senator. 
 
 - - I'RI'.SIDKNT. 
 
 VUK I'RKSIDEN I. 
 
 ALEXANDER ERASER, Esg. 
 CEORCE HAY, E.sy. 
 
 JOHN MATHER, E.sq. 
 
 GEORC.E BURN, Cashier. 
 
 BRANCHES. 
 
 Arnprior, Pembroke, C!ari,i;ton I'i.ace and Keewatin, Ontario; 
 
 WlNNlI'EC, MaNITOHA. 
 
 AGENTS IN CANADA, 
 " NEW YORK, 
 
 " LONDON, England, 
 
 HANK OE MONTREAL, 
 
 MESSRS. W. WATSON AND A. LANG. 
 
 THE ALLIANCE BANK, Limited. 
 
 REPORT OF THE DIRECTORS. 
 
 The Balance at Credit of Profit and Loss Account, 30th November, 1888, was $30,912 68 
 Net Profits for the year ending 30th November, 1889, after deducting expenses 
 of management, and making necessary provision for interest due to de- 
 positors, unearned interest on current discounts, and for all bad and 
 doubtful debts 1 19,718 20 
 
 Appropriated as follows : — 
 Dividend No. 26, paid ist June, 1889 $40,000 00 
 
 " 27, payable 2nd December, 1889 40,000 00 
 
 Carried to Rest Account 40,000 00 
 
 $150,630 88 
 
 120,000 00 
 
 Leaving a Balance to be carried forward at the Credit of Profit and Loss 
 
 Account of. $ 30,630 88 
 
 And making the Rest Account ,. 400,000 00 
 
 The Board thought it advisable to secure permanent premises for the occupation of 
 the Bank at Clarleton Place. Within the year a central location was acejuired, a building 
 erected, and the business of the Bran('h has been conducted in the new office for some 
 weeks past. 
 
 The usual careful inspections of the various offices of the Bank have been made dur- 
 ing the year. 
 
 tS" The Bills of this Bank are redeemed at par at the Offices of the Halifax Banking Company in the 
 Maritime Provinces, and at the Branches of the Bank of British North America in British Columbia. 
 
22 
 
 CHAKTEllED Banks: DlltKOTOlW AND FOUEKJN AUENUIEH. 
 
 The CanadiaiN Bank of Commerce 
 
 I 
 
 S]SX.A.BXiXSZ3:S]X3 186*7. 
 
 Paid-up Capital, - $6,000,000 i Rest, $800,000 
 
 Dl RECTORS. 
 
 GKO. A. COX, Es(^, - - - - pR) T. 
 
 JOHN. 1. DAVIDSON, Esg., - Vich . resident. 
 OKO. lAYl.CJR, Ks<^., W. H. HAMILTON, Esq., 
 
 J as. CRA rHKRN, Esq., MATT. LE(iGAT, Esq., 
 
 ROH'I". KII-dOUR, VjSq., JOHN HOSKIN, Esq, Q.C, LL.D,, 
 
 B. E. Wai.keU, Ciciicral Manager. 
 \\.EK. H. Ireland, Inspector. 
 
 J. H. Flummer, Asst. General Manager. 
 G. DeC. O'Grady, Assistant Inspector. 
 
 New York Ag^ency Canadian Bank of Commerce, 
 
 Alex. Laird and UM. Gray, Aciknts. 
 
 BANKERS AND CORRESPC "^ENTS. 
 
 Great Hkitain — The Hank of Scotland. 
 
 India, China and Jai'an -Tlic Cliariered Bank of Inuia, Australia and China. 
 
 1'akis, France— Lazard Freres i\: Cie. 
 
 Brusskls, Bi;i.<".iUM — J. Mattliieu iV FiLs. 
 
 New York — The American Exchange National Bank u( New York. 
 
 San Francisco — llic Bank of British Columbia. 
 
 Chicago — America i E,\chan^e National Bank of C licago. 
 
 British Columiua -'i"he Bank of iiritish Columbia. 
 
 .VuMRAi.iA and Ni. A' /liAi.AND -Tiic Uuiou liauk .)f Australia. 
 
 Hamilton, Bermuda -The Bank of Bermuda. 
 
 Ayr, 
 
 Gait, 
 
 liarric, 
 
 Gv)dLrich, 
 
 Belleville, 
 
 Guelph, 
 
 Bjrlin, 
 
 Hamilton, 
 
 Blenheim, 
 
 Jarvis, 
 
 BraiUford, 
 
 London, 
 
 Cayuga, 
 
 Montreal, 
 
 Chatham, 
 
 Orangeville, 
 
 CoUingwood, 
 
 Ottawa, 
 
 1 )undas, 
 
 Paris, 
 
 Dunnville, 
 
 Parkhill, 
 
 BRANCHES. 
 
 I'cterboro', 
 
 St. Catharines, 
 
 Sarnia, 
 
 Sault Stu. .Marie, 
 
 ■Seaforth. 
 
 Simcoe, 
 
 Stratford. 
 
 Strath r(j)', 
 
 'I'horold, 
 
 Toronto, 
 
 East, 
 
 'i'oronto North, 
 " North-West, 
 " Yonge and Coiiegi 
 
 Streets. 
 " Queen St. West. 
 
 Walkerton, 
 
 Walkerville, 
 
 Windsor, 
 
 Woodstock 
 
 Waterloo. 
 
 
lEllCE 
 
 $800,000 
 
 Chartekkd Hanks: Dikkctous and Fohekjn Aoencikh. 23 
 
 The Ontario Bank. 
 
 KsTAin.isiiKi) 1H58. 
 HF.AI) OKFK K, ... TOKONTO. 
 
 DlRKdORS, 
 
 SirVV. I'. Ilowlnnd, rresidtnt. k. K. HiirKCM, Vice Tresiilent. 
 
 Hon. C. F, Frast-r, (i. M. I<„sc, Donald Mackay, 
 
 A. M. Smith, CJ. k. K. Cockinirn, 
 
 C. Holland, Gen. Manager. 
 
 Bankkrs. 
 
 f.fiulon, Kill,'. Alliance Hank. 
 
 Neii' Kor/f.— The Hank of ihe .State of New \ork. Nttssrs Walter Watson and Alex. LanR. 
 
 HosloH.—TrcmorW. National Hank. 
 Hkanciiks. 
 Aurora. KinRstun, M-nint I'orcst, IVlerboro, Toronto Hranch. 
 
 Howmanvillc, Lindsay, Newmarket, I'lrkerini;, " ( )i,ecn St W 
 
 t oriiwall, Montreal, Ottawa, port Arthur, Whitby, 
 
 :., LL.D., 
 
 neral Manager, 
 tant Inspector. 
 
 srce, 
 
 nd China. 
 
 w 
 
 111. Kamsay 
 
 Hrandon, Man. 
 Calgary, 
 Essex Centre, 
 Fergus, 
 
 Imperial Bank of Canada. 
 
 Kstahlishcd 1875. 
 
 Tt)KONTO. 
 Directors. 
 H. S. F lowland, (•••esi<lent. T. R. Mcrritl, Vice-l-resident. 
 
 kol)t. Jaffray, Hugh Ryan. 
 
 H. Jennings, Asst. Cashier 
 
 Hrancuks. ' 
 
 HKAD OFFICE, 
 
 T. k. Wadsworth, 
 D. k. Wilkie, Cashier. 
 
 Clnlt, 
 Ingersoll, 
 Niagara Falls, 
 Port Colliorne, 
 
 Portage la I'rairie, St. Thomas, Welland, 
 
 Sault Ste. Marie, Toronto, Vonge St. Winnipeg, 
 St. Catharines, Toronto, North, Woodstock. 
 
 AGKNTS AND COkRKSPONDF.NT.S. 
 
 Canada — Hank of Montreal and Hranches. 
 
 Great Britain— Lloyd Hank (Ltd.) Manchester and Liverpool District Hanking Company (Ltd.) 
 
 'nitkd States. 
 
 Neiv l'o;/'-iiank of Montreal. /iuffalo-MtxnV of Huflalo. liostoii-^. Hank of the Commonwealth. 
 
 C7//V<ri,'-o-- First National Hank. /)c/;wV - First National Hank. 
 
 rAi/aiM/Ata—l-'armcts' and Mechanics' National Hank. S/. /■«;//— Second National Rank. 
 
 France— M. S. Sulzhach &, Co., Paris. 
 
 North, 
 jrth-Wcst, 
 jngc and Collcgi.: 
 
 Streets, 
 iiocn St. West. 
 Ill, 
 ille, 
 
 ick 
 ). 
 
 The Traders' Bank of Canada. 
 
 F^stablished 1885. 
 
 HEAD OFFICE, - - TORONTO. 
 
 Dikeciors. 
 
 Alexander Manning, President. William Hell, Vice-President 
 
 A. A. Allan, II. H Cook, M. P. S. F. McKinnon, 
 
 k. Snellmg, LL.D., Robert Thomson. 
 
 H. S. Strathy, Ceneial Manager. 
 
 Branches. 
 
 Ayliiier, 
 Drayton, 
 Khiiira, 
 Cilencoe, 
 
 (iuelpli, 
 Hamilton, 
 Ingersoll, 
 Orillia, 
 
 Port Hope, 
 Ridgetown, 
 St. Mary's, 
 St. Thomas, 
 
 Sarnia, 
 Strathroy, 
 Tilsonburg, 
 Watford. 
 
24 Chauteuei) Banks: Dikkctors and Foreign Agencies. 
 
 Bank of Hamilton. 
 
 Kstal)lishctl 1873. 
 
 IlKAl) OFFICE, - ■ HAMILTON, O. 
 
 Directors. 
 
 lohn Stuart, I'lcsident. A. C. Ramsay, VicL--l'rosi<lcnt. 
 
 f.eorgc Roach, John I'roctor, Charles Carney, 
 
 A. T. Wood, A. n. I.OC, loronto. 
 
 James TurnbuU, Cashier. H. S. Steven, Assl. Cashier. 
 
 Branches. 
 
 Alliston, Listowell, Owen Sound, '^"'■"",'"' 
 
 Chesie), Milton, Port Kl(;in, Wingham. 
 
 Georgetown, Orant;evine, Simcoo, 
 
 The Western Bank. 
 
 Kstablished 1882. 
 
 HEAD OFFIC :, - ■ OSUAWV, O. 
 
 Directors. 
 
 Tohn Cowan, President. R. S. Hamlin, Vice-President. 
 
 W. F. \:owan, W. F. Allen, J. A. Gibson, 
 
 Robt. Mcintosh, M.D., Thomas Paterson, 
 T. 11. McMillan, Cashier. 
 
 ACEN'I'S, 
 
 y1/^;//;r,7/-Thc Merchants Bank of Canada. /.o,!</o>,, 7r«A'.-The Royal Bank of Scotland. 
 
 Ac.ENCIES. 
 
 ^liflland I'ofl I't^rry. Penetanguishene, Whitby. 
 
 New' Hamburg, Paisley, Tilsonburg, 
 
 Montreal— \^^ Banque 
 
 Banque de St. Jean. 
 
 Established 1 873. 
 
 HEAD OFFICE, - ■ ST. JOHNS, Q. 
 
 Directors. 
 
 L. Molleur, President. W. Brosseau, Vice-President. 
 
 Frs. Gosselin, A. A. L. Brien J.O.Cain. 
 
 J. B. Boissonnault, Cashier. 
 
 Ac.ENis. 
 
 • du Peuiile. New Ko;-/t— Bank of M.jutrcal. lioslon -Maverick Nat. Bank 
 
 Eastern Townships Bank. 
 
 Fslablishcil lS()0. 
 
 HEAD OFFICE. - - SlIERBROOKK, (J. 
 
 Dirf.ctors. 
 
 R. W. Honeker, President. Hon. G. G. Stevens Vice-President 
 
 Hon M. II. Cochr.ane, Israel Wood, T. J. Tuck, N.W.I homas. 
 
 Thus. Hart, G. N. Galei, 1). A. Mansur. 
 
 W. Farwell, - - - Ceneral Manager. 
 
 Branches. 
 
 Onv.ansville, llunlint;don, Stanslea.l, 
 
 Waterloo. 
 
 Bedford, 
 
 Coaticook, tiranby, 
 
 ACENIS. 
 
 MoHlreal-Ai^^nk of Montreal. London, A>cW--Nat. Bank of Scotland. 
 
 yy^i/o«-National Exchange Bank. New K.rX'-National Park Bank. 
 
Chautehei) Franks : Dikkctohs and FouKifiN AoENOtES. ' 
 
 25 
 
 Incorporated by Royal Charter A.D. 1818. 
 
 Capital Authorized, - $3,000,000. 
 Reserve, - 
 
 Capital Paid-up, 
 - $500,000. 
 
 $2,500,000 
 
 BOARD OF DIRECTORS. 
 
 ROBERT H. SMri'H, Ks(j., Pkksidf.nt. WM. WITHAL, Esq., Vice-Pre.sii)ENT. 
 SIR N. !■■. HEl.l.KAU, Kt. 1. R. YOUNC, Esg. 
 
 GEO. R. RENFREW, Esg. S.XMUEE J. SHAW, E.sq. 
 
 FRANK ROSS, Esq. 
 JAMES STEVENSON, ------ GENERAL MANAGER. 
 
 WILLIAM R. DEAN, INSPECTOR. 
 
 Branches and Agrencies in Canada. 
 
 Ottawa, OtU. I'oruiuo, Oiu. rcmbrokc, Out. 
 
 Montreal, Que. Thorold, Ont. Three Rivers, (Juc. 
 
 AcK.NTS IN Nkw York Agents 15ank liritish North Amorira. 
 AcKNTS IN London 'I'hc Hank of Scotland. 
 
 NOTP..— The Bills of iho (^Hu'bcc Hank will lie rodcfiiicil at par at iho offices of llu- Hank of liritisli Norlli 
 .Vmorica in llio Provinces of Hiilisli Cohniibia an<l Manitoba, and at the ollices of the Hank of 
 Nova Scotia in \ew lirunswiek, Xova .Scotia ami Prince tCilward Island. 
 
 The Hills of the Hank of Nova Scotia are now taken at par at the ofticcs of the (^»uebec 
 Hank in Ontario and (^)iieliec. 
 
 La Banque de St Hyacinthe. 
 
 l%stablished 1S74. 
 
 IlKADOl-KICi:, - - - ST. HVALTNTIIE. 
 
 Directors. 
 
 (i. ('. Dessaiilles, I'resident. |. K. Hrillon, Vice-I'resiilent. 
 
 M. !■:. Hernier, |. H. Hnmsseau, J, Naiilt, 
 
 K. K. lilaiichard, Cashier. 
 
 Hkancii. 
 
 Karnham. 
 
 C(iKi<Ksi'o\i)r,.N rs. 
 
 .I/o«/mi/—I!ank of Montreal. A'i;,' r<>;X— Nat. Hank of the Kepidilic. AWow— Miiverick Nat. Hank. 
 
 Union Bank of Canada. 
 
 l■;slallli^lH■ll i,S()6. 
 IIKADOFIK 1;, QUKKI'X. 
 
 DiKl'.CiOUs. 
 
 Anilrew Thompson, I'resident. Hon. I',. J. I'rice, N'ice-I'resident, 
 
 Hon. Thos. Mcdreovy, I'., (liroux, " I). ('. Thomson, 
 
 !•;. J. Hale, Sir .\. T. Calt, K.C.M.C, 
 
 1;. Webb, Cashier. 
 
 l''ol>M',l(lN .ACKN Is. 
 
 I.oihlon, f.ii^^hinJ Alliance Hank (Ltd.) .^Vcr.' Jli// National I'ark Hank. 
 
 AVi.iAv/- Lincoln Nalion.il Hank. Miiiiiiuif'olis l''irsl National Hank. 
 
 HKANcni'.s. 
 .•\le\aiidria, Merrickville, (,)\iebec, Toronto, 
 
 •rociiiois, Montreal, " St. Louis St. Winchester. 
 
 Lcthl)ridt,'e, Ottawa, .Smith's Fali.s, Winiiipei;. 
 
20 
 
 CuAHTEREn Banks: Dikectors and Fohekin Acjencies. 
 
 LA BANQUE DU PEUPLE 
 
 BJST-A-BXilSIiEir) 1S3B. 
 
 Capital Paid- Up, 
 Reserve, - - - 
 
 HEAD OFFICE, 
 
 $!/£()(), 000 
 400,000 
 
 MONTREAL. 
 
 BOARD OF DIRECTORS. 
 
 JACQUES CRENIER, Esy., 
 
 GEORC.E BRUSH, 
 P. M. GALARNEAU, Esq., 
 CHS. LACAH.LE, E.SQ. 
 
 Prksidknt. 
 
 VlCK-l'KKSIDliNT. 
 
 WM. FRANCIS, Esq., 
 ALPH. LECLAIRE, Esq. 
 
 A. I'RE\'OS'l', Esq. 
 J. S. BOUSQUET, 
 
 BRANCHES. 
 
 CASHIER. 
 
 Quebec, Basse-\'u,i,e, P. H. I)i:Moui.in, Manager. 
 
 St. RocH, Nap. I.avoik, 
 
 Three Rivers, Qvk., P. E. Panneton, " 
 
 S'l. Jean, Q)ue., Ph. IJaudouin, " 
 
 St. Rkmi, ()ue., C. Bedard, " 
 
 Ste. Jerome, Que., J. A. 'Pheuercie. " 
 
 Co.vTicooK, Que., Mr. J. B. Gendreau, " 
 
 AGENTS IN CANADA. 
 
 Ontario — Molsons Bank and Branches. New Brunswick Bank of Montreal. 
 Nova Scotia — Bank of Nova Srotia. P. E. Island -Mcrcliants IJank of Halifax. 
 
 AGENTS IN UNITED STATES. 
 
 New York -National ]5ank of the Republir. iiosroN The Maveriik National Bank. 
 
 FOREIGN AGENTS. 
 
 Encu.and — The .Alliance I^ank (Ltd.) London. France Le Credit l.yonnais, Paris. 
 
 ^^ Letters of Credit and Circular Notes for Travellers issued available in all i)arts 
 of the world. 
 
 Rerlhicr, 
 I loi'hcla^D, 
 
 Banque Viiie Marie. 
 
 Kst.-iblislicil 187J. 
 IIi;.\UOFFKi:, - - MOXTRK.VL. 
 
 HOAKII Ol- DlKKCTOR.S. 
 
 \V. Weir, I'rt'sidcnl . W. Strachan, \'icc'- 1 'resident. 
 
 (iodfrcy Weir, Ubaldc (larand. 
 
 U . ( l.irand, ( ashier . 
 
 Rrancmks. 
 
 Hull, 
 I.arluilo, 
 
 I.oiiiseville, 
 Xiook't, 
 
 Point St. Cliarli's, 
 St . C'esairL". 
 
 St. Theresf. 
 
 ( liRRK.SrONl)KNT.S. 
 
 JVew y'^rX'^National liank (if the Re]mblic. Ladcnlmrj;, Tlialinann & Co. 
 
 London — The liank of Montreal. 
 
^LE 
 
 WO, 000 
 '^00,000 
 
 DENT. 
 
 n. 
 
 Chartered Banks: Diuectous and Foreign Agencies. 27 
 
 La Banque Nationale. 
 
 Established i85o. 
 HEAD OFFICE, - - - QUEBEC. 
 
 DlKK( TORS. 
 
 i\. (iaiioury, Ks(|., IVcsident. F. Kiroii.ic, Esi|., Vice-President. 
 
 T. LeDroit, Es(|., F. W. Methot, Esc]., Ant. I'ainchaud, Esq., 
 
 L. Hilodeau, Esti., Hon. J. Thihaudeau. 
 
 P. Lafrance, Cashier. 
 
 Urancmks. 
 
 Montreal. Ottawa. Sherbrooke. 
 
 Ac.KNCIKS, 
 
 Eni^laiul — National Hank of Scotland. 
 
 /''wwcc— Messrs. (irunehaiim, I'Veres & Co. ; La Han(|ue de Paris et des Pays Bas. 
 
 Unilcil Siatfs -National Bank of tlie Reiudilic, New \'ork ; National Revere Bank, Boston. 
 
 Newfoiimiland — The Commercial Hank of Newfoundland. 
 
 Canada : 
 ProTiiicc Outario — The Bank of Toronto 
 
 Maritime I 
 
 '/w7'/;(r.f— Bank of New Brunswick, Merchants Bank of Halifax ; Bank of Montreal. 
 Maiiilol'ii -The Union Bank of Canada, 
 
 iilrcal. 
 ol" Halifax. 
 
 uiial Bank. 
 
 is, Paris. 
 
 Ic in all i)arts 
 
 The Bank of British North America. 
 
 Established 1836. 
 3 CLEMENT'S LANE, LOMBARD STREET, C.E. 
 
 DlRKC'I'ORS. 
 
 fohn James Cater, Henry R. F'arrar, 
 Edward .Vrthur Hoare, H. J. B. Kendall, 
 
 Fre<lerick Lul)l)ock, G. D. Whatman. 
 
 Secretary, A. G. Wallis. 
 
 Head Oifice in Canada: Montreal. 
 
 R. R. Grindley, General Manager. 
 
 Branches and .Ac.encies in Canada. 
 
 LONDON OFFICE, 
 
 J. II. Brodie, 
 Richard H. (ilyn, 
 
 J. J. Kingsford, 
 
 Brantford, 
 Brandon, Man., 
 Fredericton, N.B. 
 Halifax, 
 
 Hamilton, 
 Kingston, 
 London, 
 Montreal, 
 
 Ottawa, 
 
 Paris, 
 
 Quebec, 
 
 St. John, N.B., 
 
 Toronto, 
 Vancouver, B.C., 
 \ictoria, B.C., 
 Winnipeg, .Man. 
 
 Ai;knts, 
 
 Nf'a< York—W. Stikeman and F. Brownfield. San /■'raiuisco—W. Lawson and J. Welsh. 
 
 Loudon /iai//.vrs— The Bank of England and Messrs. (Myn & Co. 
 
 /./■f'c;/!^/— Bank of Liverpool. Aiislralia — Union Bank of Australia. 
 
 iVe-i' /m/anii— Union Bank of .Australia, Bank of Xew Zealand Colonial Bank of New Zealand. 
 
 /iiiiia, China .^l-^/ii/rt/;— Chartered Mercantile Bank of India, London and China; Agra Bank (Ltd.) 
 
 West /W/«— Colonial Bank, Paris; Messrs. Marcuard, KraussiSk Co. Zjw«— Credit Lyonnais. 
 
 Tlu'rcse. 
 
 La Banque Jacques Cart ier. 
 
 Established 1 862. 
 
 HEAD OFFICE, .... MONTREAL. 
 
 Directors. 
 
 Alph. Desjardins, Esq., M.P., President. A. S. Hanielin, Es(|., Vice-I'resident. 
 
 J. L. Cassidy, i;sq., Lucien Huot, Esc|., A. L. DeMartigny, Esq., 
 
 A. L. DeMartigny, - - Managing Director. | D. W. Brunei, - - A.ssi.stant Manager. 
 
 Branches. 
 Beauharnois, Montreal, St. Cunegonde, St. Sauveur,(^ue., \'alleyfield, 
 
 Drummondville, " Ontario St., St. Simon, "^ Victoriaville, 
 
 Fr.iservillu, Plessi.sville, .St . [ean Baptiste, 
 
 Laurentides, (^Hie., St. Hy.acinthe, St. "Henri, Que., 
 
 Ac.E^ciE.s. 
 London, .£«?■.— CJlyn, Mills, Currie k Co. New )>/-— The National Bank of the Republic. 
 
 Paris — Credit Lyonnais, 
 
28 
 
 Chahteuei) Banks: Dikectous and Foueuix AciENCiEs. 
 
 The Merchants Bank of Canada. 
 
 Estal)lislic(l 1S64. 
 
 HKAD OFFICK, - - MONTREAL. 
 
 lidAKi) or DiKi'.croRs. 
 
 Andrew Allan, Ks(|., (of II. iV A. .Mian), Prcsiilciit. RnlnTl .VndiTson, l'!s((.. Vice rresiiL'nt. 
 
 Hcclor Mackenzie, I'',s(|., (nf |. {',. .Maelien/.ie it Cd.) John Dinican, Ms(|., (oljno. Duncan it Co.) 
 
 onatlian Ilodjj.son, I';s(|., (of llod^^sun, SiiMiner il; Co.) II. Monlaj;ii .Mian, Ks(|., (of 11. & A. Allan). 
 
 John Cassils, Ks(|., (of Shaw liros. fc I'assils). |. 1'. Dawes, I''.si|., (of Dawes it Co., Lachine). 
 
 T. II. Dunn, Ks(|., ()uebcc. 
 George Hague, • - (jeneral Manager. | John (lault, - • anch Superintendenl. 
 
 AC.KNI'S. 
 
 JVf7c' York Agency, 61 Wall Slrnt — Henry Hague, J. H. Harris, Jr. 
 
 MoNTRK.Ai. Branch. 
 J. S. Meredith, - Manager. | K. Shaw, • Assist. Manager. 
 
 liRANCIIKS. 
 
 Hellcville, (;anano(|ue, Montreal, I'rescott, .St. Thomas, 
 
 Herlin, Hamilton, Mitchell, (Jiiebec, Toronto, 
 
 Urampton, Ingersoll, Napanec, Renfrew, Walkerton, 
 
 liranilon, Kincardine, Ottawa, Sherlirooke, Windsor, 
 
 Chatham, Kingston, Owen Sound, Stratford, NVinni|)cg. 
 
 Gait, London, Perth, St. Johns, 
 
 The Molsons Bank. 
 
 Incorporated by Act of Parliament, 1855. 
 
 HEAD OFFICE, - - - MON'TKEAL. 
 
 Hoard ok Directors. 
 
 John H. K. Molson, President 
 Sir D. L. Macpherson, K.C.M.G., 
 
 Henry Archibald 
 
 R. \V. Shepli<;rd, Vice-President. 
 \V. M. Ramsay, S. II. Ewing, 
 
 Samuel I'inley. 
 F. Wolferstan Thomas,General Manager. 
 
 Branches. 
 
 Aylmer, O., 
 Brockville, O,, 
 Clinton, O., 
 Exeter, O., 
 Hamilton, O. , 
 London, O., 
 
 Meaford, O., 
 Montreal, Q., 
 Morrisburg, O., 
 Norwich, ()., 
 Owen Sound, O., 
 
 Ridgetown, O., 
 Smith's Falls, O., 
 Sorel, (,)., 
 St. Hyacinthe, Q., 
 St. Thomas, C^., 
 
 Toronto, C, 
 Trenton, O., 
 Waterloo, O., 
 W'est Toronto Junct'n 
 Woodstock, (_). 
 
 Agents. 
 
 British Columhia — Hank of British Columbia. Manitoba — Imperial Bank of Canada. 
 
 Neii' Ihunsxiiiik — Hank of New Brunswick. Ni-'iofoundland — Commercial Hank of Newfoundland, St. Johns. 
 
 Ntr.ui Scotia — Halifax Hanking Comi)any. 
 
 Ontario — Dominion Hank, Imperial Hank of Canada, Canadian Bank of Commerce. 
 
 Prince F.dioard hla>id —WwwV of Nova .Scotia, Summerside Bank. 
 
 Quebec — La Banque du Peuple, I'.astern Townships Hank. 
 
 EUROI'K. 
 
 London — Alliance Bank, (Ltd.) Messrs. Clyn, Mills, Currie & Co., Messrs. Morton, Rose it Co. 
 
 J.ife>pool—T\\e Hank of Liverpool. /V/r/.t —Credit Lyonnais. 
 
 Antii'erp, /ie/i^^inm- La. Hancpie d'Anvers 
 
 XJniiki) SIAI'ES. 
 
 AV-i' Vor/: — Mechanics' National Bank, W. Watson it .\. Lang, .\gents ; Bank of Montreal. 
 
 Messrs. Morton, Bliss it Co. 
 
 /?<j.f/o« -.Merchants' National Bank. J'ortland — Casco National Bank. C/;/(i(i,''(>— First National Bank. 
 
 C/crr/i/W -Commercial National Hank. /Detroit ("ommercial National Bank. 
 
 lUiffato — Hank of Huflalo. Mila'aukee -Wisconsin Marine and Fire Insurance Co. Hank. 
 
 Toledo — Second National Hank. Helena, Afoiitana — First National Bank. 
 
 JUitte, Montaiui^V\t^\. National Hank. /'ort /Icnton, Montana — First National Hank, 
 
 San J'ranciico — Hank of British Columbia. 
 
CHARTEHEn BaNKS: DlKECTOUS AND FoKEION AOENCIES. 
 
 2'» 
 
 Bank of Montreal. 
 
 Eslal)lishecl 1817. 
 
 Incorporated l)y Act of Parliament. 
 
 HEAD OFKICK, - - MONTREAL. 
 
 Hoard ok Directors. 
 
 lion. Sir D. \. .Smilli, K.CM.Ci., President. Hon. (I. A. Dnunniond, \'ice President. 
 
 (iillicrl Scott, Esq., .\. T. I'alerson, Es<|., Hugh Mc;.,ennan, Es(|., I'Mward H. (jreenshiolds, l';s<|., 
 
 \V. t'. McDonald, Esq., Hon. J. |. C. AI)l)ott, C'has. S. Watson, Es(|. 
 
 \V. J. Huchanan, - General Manager. | E. S. C'louston, - Assistant General Manager. 
 
 A. Macinder, - - Chief Inspector and Siqierintendent of Branches. 
 
 Branches in Canada. 
 
 Almonte, O. , 
 Belleville, O., 
 Brantford, t). , 
 Brockville, O., 
 Calgary, N.W.T., 
 Chatham, N. B., 
 Chatham, (). , 
 Cornwall, O. , 
 
 Goderich, O., 
 Ciuelph, O., 
 Halifax, N.S., 
 Hamilton, O. , 
 Kingston, (). , 
 Lindsay, O., 
 London, O., 
 Moncton, N. B. 
 
 Sarnia, O. , 
 Stratford, O., 
 St. John, N.B., 
 St. Marys, O., 
 Toronto, O. , 
 Wallaceburg, O. , 
 Winnipeg, Man., 
 \'ancouver, B.C. 
 
 Montreal, St. Catharino .St., 
 
 New Westminster, B.C., 
 
 Ottawa, O., 
 
 Perth, O., 
 
 I'eterhoro', O., 
 
 Picton, O., 
 
 (Quebec, (^., 
 
 Regina, Assiniboia, N.W.T. , 
 
 Grkat Britain. 
 London — Bank of Montreal, 22 Alx;hurch Lane, E.C. 
 
 COMMITTKE. 
 
 Robert (iillespie, Es(i., Peter Redpath, Es(i. 
 
 C. Ashworth Manager. 
 
 Unitku Siaiks. 
 
 AVii' i'ori — Walter Watson and Alex. Lang, 59 Wall Street. 
 
 C/it'fai^a — Bank of Montreal, W. Munro, Manager, E. M. Shadbolt, Assistant Manager. 
 
 Bankers in Great Britain. 
 
 London— 'V\\e Bank of England, The Union Bank of London. The London and Westminster Bank. 
 
 Liverpool — The Bank of Liverpool. Scotland — The 15ritish Linen Company and Branches. 
 
 Bankers in the United States. 
 
 Ni'-i' Vnik — The Bank of New York, N.B.A. The Merchants National Bank. 
 
 Boston — The Merchants National Bank. Buffalo — Hank of Commerce in Buffalo. 
 
 San Francisco — The Bank of British Coluud)ia. Poiiiand, Oregon— Ihi^ Hank of British Columbia. 
 
 Banque d'Hochelagra. 
 
 Established 1874. 
 
 HEAD OFFICE, - - MONTREAL. 
 
 Directors. 
 
 V. \. St. Charles, President. M. Laurenle, \'ice- President . 
 
 R. Bickerdike, Chas. Chaput, J. D. Rolland, 
 
 M. J. A. Prendergast, Cashier. 
 
 Branches. 
 
 Three Rivers, Valleyfield, Vankleek Hill, Joliette, Sorel. 
 
 W. |. Coleman, 
 
 James Eraser. 
 
 People's Bank of Halifax. 
 
 Established 1864. 
 HEAD OFFICE, - - HALIFAX, N.S. 
 
 Directors. 
 .Augustus W. West, President. 
 Patrick O'.MuUin, J. Walter Alliscm, 
 
 John Knight, Cashier. 
 
 AdENClES. 
 
 Lunenburg, N . S . , Wolfville, N. S., Edmundston, N. B. , Shediac, N. B. , Woodstock, N.B. 
 
 Bankers. 
 
 Montreal — The Ontario Bank . Qiielvc — The (Quebec Hank . 
 
 Sr John, N.B. — The Bank of New Brunswick. Charlottetown, P.E.I. —The Bank of Nova Scotia. 
 
 Ne-d' y '<?;-/(•— The Bank of New York. Boston — The New England National Hank. 
 
 London, G.B. — The Union Bank. NmJ'oundland — The Union Hank of Newfoundland. 
 
 ^ t 
 
30 
 
 Chaktehei) Banks: Dihectous an'd Fokekjn Aoencies. 
 
 Stc'llarton, 
 Weslvillc, 
 Narinoulli. 
 
 Sussex, 
 Woodstock. 
 
 Bank of Nova Scotia. 
 
 Incorporated 1832. 
 HEAD OFFICE, - - HALIFAX. 
 
 DlKI''.CTORS. 
 
 folin Ddiill, rresidciil. Ad.ini Hums, \'icc- President. 
 
 Daniel ( 'iDiKiii, Jnirus Harl, Juliii S'. I'ayzanl. 
 
 Thomas {''yslie, ( asjiier. 
 
 AcENciKS IN Nova ScoiiA. 
 
 Amherst, Dii^l)y, New 'dasjrow, 
 
 Ann.-ipolis, Halifax, North Syilniy, 
 
 Hridtjetown, Kenlville, Oxford, 
 
 Canning, Liveriiool, I'ictou, 
 
 In New Hkunswuk. 
 CampboUton, Monclon, St. John, 
 
 Chatham, Newcastle, St. Stephen, 
 
 Fredericton, St. Andrews, 
 
 Is I'RiNcK Ki)\VARi> Island. 
 Charlottetown, Summerside. 
 
 In Quehfx. 
 Montreal — T. V. MacDonald, Agent. 
 
 In Uniied Siates. 
 A/i/i)U'a/>o/is, Minn. — H. C. McLeod, D.iniel Waters, Agents. 
 
 In West Indies. 
 
 Kiiii;ston,Jamai(a — W. K. Stavert, Agent. 
 
 Correspondents.. 
 
 l'>ominio)i of Canada — Merchants' Bank of Canada and Branches. Hank of liritish Cohnnbia. 
 
 (iREAr Hkiiain. 
 
 London — Royal Hank of Scotland. .S'(ViMi«i/— Royal Hank of Scotland and Branches. 
 
 Newfoundland — Union Hank of Newfoundland. 
 
 St. Pierre^ Miqnelon — La Banque des lies St. I'ierre et Mifjuelon. 
 
 United States. 
 
 Ne-i' IV/!'— Bank of New York, N.I?. A, John Paton k Co, 
 
 Boston — Merchants National Bank. Kidder, Peabody it Co. Sa)t I-'raihisco — Bank of British Columbia. 
 
 Merchants Bank of Halifax. 
 
 Incorporated 1869. 
 
 HEAD OFFICE, .... HALIFAX. 
 
 Directors. 
 
 Thomas E. Kenny, M.P., President. Thomas Ritchie, Vice-President. 
 
 Michael Dwyer, Wiley Smith, Henry d. Bauld, Hon. H. H. Fuller, M.L.C. 
 
 D. H. Duncan, Cashier. 
 
 Sydney, N . S . , 
 St. I'ierre Miquelon, 
 Truro, N.S., 
 Weymouth, N.S. , 
 Woodstock, N.H. 
 
 Agencies. 
 
 Antigonish, N.S., Guysboro, N.S., Montreal, 
 
 Bathurst, N.B., Kingston, N.B., Newcastle, N.B., 
 
 Bridge water, N.S. , Londonderry, N..S., Pictou, N.S., 
 
 Charlottetown, P.E.I., Lunenburg, N..S., Port Hawkesbury, 
 
 Dorchester, N.B., Maitland, N.S . , S.ickville, N . H. , 
 
 Fredericton, N.H., Moncton, N.H., .Summerside, P.E.I. 
 
 COK RESI'ON DENTS. 
 Dominion of Canada — Merchants Hank of Canada. Newfoundland — Union Hank of Newfoundland 
 
 Uni'iei) States. 
 New York — Chase National B.ank. Boston — National Hide and Leather Bank. 
 
 London, Enc. 
 
 The Imperial Bank, (Ltd.) Bank of Scotland, London. 
 
 Paris, France. 
 
 Claude Lafontaine, Martinet & Co. 
 
Chahterei) Banks: Dikectoks and Fokeion Agencies. 
 
 81 
 
 \v. 
 
 Union Bank of Halifax. 
 
 Kstal)lishe<l 1856. 
 IIKAI) OFFICK, HALIFAX. 
 
 DiKKCTORS. 
 
 Stairs, I'rcsideiil. Hon. Roln. 15oak, Vice-President. 
 
 iilm H. .Syniuns, Wni. Fcnning, ('. C. Hlackadar, M. P. Hlack, W. Roche, Jr. 
 
 K. L. Thome, Cashier, 
 
 Branches. 
 
 Annapolis, New Glasgow. 
 
 FoRF.iCN Agencies. 
 
 /.()«(/(>«— London and Wcstniiiisler Rank. JVeu'/omiMaiti/ -Commercia\ I3ank, Newfoundland. 
 
 M"i' )i»/X'— National Hank of Commerce. Hostoii — Merchants' National Hank. 
 
 MoHlical — Rank of Toronto. Toioiito — Rank of Toronto and Branches. 
 
 St. John, N.B. — Rank of New Brunswick. 
 
 British Columbia. 
 
 Tlie Halifax Bankings Company. 
 
 Estal)lished 1825. 
 HEAD OFFICE, - - HALIFAX. 
 
 DlRECI'OR,S. 
 
 Koliio Uniacke, President. J. L. Morton, Vice-President. 
 
 1''. 1). Corl)ett, James Thomson, 
 
 W. L. Pilcaithly, Cashier. 
 Ac.ENciEs IN Nova .Scotia. 
 Lockcport, 
 Lunenlnirg, 
 
 New RKfNswicK. 
 .Sackville, 
 
 COKRKSI'ONDENTS. 
 
 London, 6'. A. —Alliance Rank, (Ltd.). New }'(»/-/•-— Kidder, Pcaliody & Co. 
 
 /)V.f/iv/— Kidder, Peabody & Co.; .Suffolk National Rank. C'lj^ci/iz— Molsons Rank and Branches. 
 
 Thomas liayne, 
 
 .'\mhcrst, Harrington, 
 
 .Vntigonish, Bridge water, 
 
 New Glasgow, 
 Parrsboro, 
 
 Springhill, 
 Truro, 
 
 Windsor. 
 
 St. John, 
 
 Petitcodiac. 
 
 Bank of Yarmouth. 
 
 l^stalilislied 1864. 
 
 HEAD OFFICE, - - YARMOUTH. 
 
 Directors. 
 
 L. \\. Raker, President. C. E. Rrown, Vice-President. 
 
 Hugh Cann, Jno. Levitt, J. \V. Moody. 
 
 Thos. W. Johns, Cashier. 
 
 Exchangee Bank of Yarnnouth. 
 
 Incorporated iS6y. 
 IIF.AI) OFFICE, - - ^•ARMOUTlI, N.S. 
 
 DiKEC I'ORS. 
 
 William 1). l.ovill. President. John II. Killam, Nice- President. 
 
 Nathan R. Lewis, Robt. Caie, Rownian R. Law. 
 
 A. S. Murray, Cashier. Thos. V. R. Ringay, Jr., Accountant. 
 
 CORRI-.SPON DENIS. 
 
 New York — New ^'o^k Produce ICxchange Rank. 
 
 lioston — Roylston National Rank ; Connnercial National Rank. 
 
 Ontario and Quchei — Merci.ints Rank of Canada and Rranehes. 
 
 .SV. John N.li. — Rank of Rritish North America. 
 
 Halifax, N.S. — People's Rank of Ilalifa.x ; Bank of British North America. 
 
32 Chauteheo Banks: Diuectors and Foreign AnENCiEs. 
 
 Commercial Bank of Windsor. 
 
 Kstalilishcil 1866. 
 
 HEAD OFFICK, - - WINDSOR, N.S. 
 
 Directors. 
 
 G. P. I'ayzant, I'rcsidonl. 
 
 Wm. Dimock, John Keith, E. NV. Dimock, Andrew V. Shan.l. 
 
 Walter Lawson, Cashier. 
 
 Bank of New Brunswick. 
 
 I'.slalilished 1820. 
 IIKAI) OFFICK, ■ - .ST. JOHN, N. a 
 
 DlRKClORS. 
 
 Hon. J. I). Lewin, President. John Veats, Vice-rresidcnt. 
 
 T. W. D.iniel, C. H. Fairwe.ilhcr, W. W. Turnlmll, S. Jones. 
 
 J. Clawson, Ca.shier. 
 
 FOREKIN Ac.FiNTS. 
 
 Lomlon, E,n'. --Williams, Deacon k Co. AV?,' )',v/(' -Mechanics' National Bank 
 
 Boston— V.\kA National Hank. Fredcridoii, ^V.v^. — People s Bank. 
 
 Halifax, A^. 6'.— Merchants Bank of Halifax. 
 
 St. Stephen's Bank. 
 
 Incorporated l8j6. 
 
 HEAD OFFICK, ■ ■ ST. STEPHEN, N.B. 
 
 W. II. Todd, President. I J. F. ( Irani, Cashier. 
 
 Ac.KN rs. 
 
 Montreal— V,^x^. of Montreal. /.<.W<w,./r«,v.— Messrs. Olyn, Mills, Ciurie & Co. 
 
 Ne;i< yV/-— Bank of New \oxV, B.N. A. Bosion—(y\o\-,G National Bank. 
 
 St. John, N.B. — Bank of New Brunswick. 
 
 London — Union Bank 
 
 The People's Bank of New Brunswick. 
 
 Established 18—. 
 HEAD OFFICK, • - Fredericton, N.B. 
 J. W. Spurden, Cashier. 
 I-'oREir.N Agents. 
 A'i".' J'fl;/-— Fourth National Bank 
 
 /)(V/(W--Kliot National Bank. 
 
 ^ font real— \]nvm Bank of Canada and Branches. 
 
 The Merchants Bank, P.E.I. 
 
 llstalilished 1 87 1 
 HEAD OFFICE, - . CHARLOTTETOWN. 
 
 DlREl'IORS. 
 
 L. H. Davies, M.P., President. 
 
 D Farouharson, Benj. Hearlz, William Dodd, F. L. Haszard, 
 
 L. L. Beer, H. J. Callbeck. 
 
 Wm. McLean, Cashier. 
 
 Al'.ENCY. 
 
 Souris. 
 
 FORKICN ACENIS. 
 
 London— The City Bank. Hoston—Thc Boston National Bank. 
 Montreal, St. John and //ali/a.v— The Bank of Montreal. 
 
CiiAUTKHKi) Banks: Diukctoks and Foueion Agencies. 
 
 33 
 
 The Bank of Sumnnersicle. 
 
 lislalilislicd l8 — . 
 
 HEAD OFI'ICK, • - SUMMKRSIDK, 1'. K.I. 
 
 Angus McMillan, Prcsulcnt. | Rol)ert McC. .Slavert, (Jencral Manager. 
 
 Commercial Bank of Manitoba. 
 
 Kstablished 1885. 
 IIKAI) OKFCK, ■ - WINNII'KG. 
 
 DiRKcroRs. 
 Diiman MacArtlnir, I'resiilcnt and Manager. 
 Hon. John Sutherland, Alexander Lugan, Hon. C. E. Hamilton, 
 
 Hrancues. 
 Minnedosa, Mordcn, I'ortagc La Prairie. 
 
 C0RRI:SI'0NI)1'.NIS. 
 
 ^V<7i' VoH- — Merchants Hank of Canada and Hoyle it Co., 47 Wall .Street. 
 
 .S7. /Vr///— First National Hanl<. C/iicax'o -First National Hank. 
 
 /.ondoii, Eiii;. — .Agents, Hoyle, Caniplicll, lUixton & Co., 80 Lombard .St., and K. A. McLean & Co., 
 
 (.)iieen Victoria St. 
 
 \V. L. Hoyle. 
 
 Bank of British Columbia. 
 
 Incorporated by Royal Charter 1862. 
 
 HEAD OFFICE, - - LONDON, ENG. 
 
 Court ok Dikk.ciors in London. 
 
 Robert Gillesiiie, Esq., Chairman. I'.den Colvile, l^sf|.. Deputy Chairman. 
 
 fames .\nilerson, l*;s(|., Henry I'",d. Ransom, Esi|., T. G. Gillesjiie, I';s(|., 
 
 Sir Chas. Tupper, Hart., G.C.M.G., C. H. 
 
 In Canada : Head OI'KIce, N'ki'oria, H.C. 
 Hugh Hughes, General Manager. \V. C. Ward, Manag r. (Jeo. GillesjHe, Assistant Manager. 
 
 Hankers. 
 
 Messrs. Smith, Payne k Smiths, 
 
 Hrancme.s. 
 
 New Westminster, H.C, .San Franci.sco, Cal., Taconia, W.T. , 
 Portland, Ore., Seattle, W.T. , Vancouver, H.C, 
 
 Agents. 
 
 Eiii^lniiil- National Provincial Hank of F'ngland. 
 
 /. irvr/too/ --^orlh and .South Wales Hank ; Hank of Liverpool. 
 
 ,l/(7«i//c.vA';- -Manchester fi Liver|)()(il District Hanking Company, (Ltd). 
 
 ScotliJii<l — Hrilish Linen Company Hank. /;r/(j«(/^Hank of Ireland. 
 
 Kandoops, H.C 
 Nanaimo, H.C. 
 
 X'ictoria, H.C. 
 
 Commercial Bank of Newfoundland. 
 
 Estalilishcd 1857. 
 
 iii'..\D offr:i;, ■ - st. john's, nfld. 
 
 Henry Cooke, Manager. Sir W. \'. \\ hileway, <^>.C., K.C.M.G., Hank Solicitor. 
 
 .\i;knis. 
 
 Lomhm — Tlie London and Weslminster Haid^. Nc-i' York — The National Hank of the Republic. 
 
 /iVv/iW— The .Vilas Nalioiial Haid<. J/(W/;vi(/- The Merchants Hank of Canada. 
 
 Halifax — The Union Hank of Halifax. 
 
 Union Bank of Newfoundland. 
 
 ICslalpJislieil 1S54. 
 
 IIK.M) OFFICE, - ■ ST. JOHN'S, NFLD. 
 
 James Cioldie, Manager. 
 
 T. .S. .Mulligan, .\ccountant. Drake, Jack.son &. Helmcken, Solicitors. 
 
 5 
 
 rfH 1 
 
 w 
 
CHART i: 11 El) HANK 8, 
 
 WITH IIIKIR 
 
 MANAGERS AND BANK SOLICITORS IN CITIES AND TOWNS. 
 
 CiTV OR Town. 
 
 Alexandria, O. . . 
 
 Allislon, O 
 
 Aliiuinlc, O 
 
 Amherst, N.S. . , 
 
 Annapolis, N.S. , . 
 Antigonisli, N.S. , 
 
 Arnprior, O. 
 Aurora, O. . , 
 Ayliner, O . . 
 
 Ayr, O . . 
 Barrie, O. 
 
 Harrington, N..S. 
 Hathurst, N.H. . 
 Heaiiharnois, Q 
 Hedfor.l, (J.... 
 Belleville, O.... 
 
 Berlin, O 
 
 Berthier, (,). . 
 Blenliciin, O. 
 Bownianville, 
 
 O 
 
 Bradford, O... 
 Brampton, O. . 
 
 Brandon, M . 
 
 Brant ford, O 
 
 Bridgetown, N.S. . 
 Bridgewatcr, N.S. 
 
 Brighton, O 
 
 Brockvillc, O . . . 
 
 4 ( 
 
 Calgary, Alberta. 
 
 Cam))l)ellford, O. . . 
 Campliellton, N.S . 
 Canninglon, O. . . . 
 
 Canning, N S 
 
 Carleton I'lacc, O, . 
 
 Union Bank of Can 
 
 Hank of Hamilton 
 
 Bank of Montreal 
 
 Bank of Nova Scotia. . . . 
 
 Halifax Hk. Co 
 
 Bank of Nova .Scotia. . . . 
 Union Hk. of Halifax . 
 Merchants' Bank of Hal. 
 
 Halifax Hk. Co 
 
 Hank of Ottawa 
 
 Ontario Hank 
 
 Molsons H.Tiik 
 
 Traders Hank 
 
 Hank of Coniniercc 
 
 Hank of Toronto 
 
 Hank of C'onimerce 
 
 Halifax Hk. Co 
 
 .Merchants Hank of Hal. 
 Han<iuc Jac. Cartier . . . . 
 K. Townships Hank.... 
 .Merchants Hank of Can. 
 
 Hank of .Montreal 
 
 Hank of Ccjninierce . . . . 
 
 Dominion Hank 
 
 Merchants Hank of Can. 
 
 Hank of Commerce 
 
 Hanque Ville .Marie . . . . 
 
 Hank of Commerce 
 
 Ontario Hank 
 
 Standard Hank 
 
 •Standard Hank 
 
 .Merchants Hank of Can 
 
 Dominion Hank 
 
 Merchants Hank of Can 
 
 Bank H.N. A 
 
 Imperial Hank 
 
 H. N. .America 
 
 Hank of Montreal 
 
 Hank of Commerce. ... 
 
 Standard Hank 
 
 Hank of Nova .Scotia . . 
 
 Merchants Hank 
 
 Halifax Hk. Co 
 
 Standard Hank 
 
 Hank of Montreal 
 
 .Mol.sons Hank 
 
 Imperial Hank 
 
 Hank of Montreal 
 
 .Standard Hank 
 
 Hank of Nova Scotia. . 
 
 Standard Hank 
 
 Bank of Nova .Scotia. . 
 Bank of Ottawa 
 
 K. 
 G. 
 H. 
 K. 
 W. 
 
 ]•'. W. S. Cris|i(i, .Manager. 
 N. M. Livingstone, .Agent. 
 \V. B. (Iravely, .Manager . . 
 
 John McKeen, .\giMl 
 
 1. H. .Morrison, .\gent 
 
 !•'. Kennedy, .Agent 
 
 I",. 1). .Vriiand, .Agent 
 
 C. i;. Harris, .\gent 
 
 lohn M. lirimgh, .\gent .... 
 
 D. M. I'innie, .Manager. . . . 
 \V. 11. NcImjo, Manager... 
 H. -A. Andiridge, Manager. 
 !•'. j. W'inlow, Manager.... 
 
 John Wyllie, .Agent 
 
 J. .A. Stralhy, Manager 
 
 l{. H. .Miirris, .Manager. . . . 
 
 W. Homer, Agent 
 
 A. Dudley, .Agent 
 
 Dorion, \lanager 
 
 \V. Morgan, Manager. . . 
 llaniillon, .Manager. . . . 
 R. Richardson, Manager . . 
 
 C. M. Stork, .Manager 
 
 J. W. Murray, .Agent 
 
 W. R. Travers, Manager. . . 
 
 D. B. Dewar, .Manager .... 
 
 A. CJarrupy, Manager 
 
 R. C. Macpherson, Slanager. 
 Cieorge McCill, .Manager. . . 
 
 W. J. Jones, Agent 
 
 T. Dew son, Agent 
 
 W. A. Bellhonso, .Manager. 
 W. W. Nation Agent 
 
 S. Phillips, Acting Mgr. 
 
 Butt, Agent 
 
 (ukes, .\ianager 
 
 Alex. Roliertson, Manager.. 
 
 J. C. (lalletly, Manager 
 
 fefiery Hale, Manager 
 
 \V. T. Wickham, .\gent. . . . 
 
 M. C. Iloyt. .Agent 
 
 W. S. Tupper, .Agent 
 
 Cico. A. Thomsiin, .Agent . . 
 
 S. B. Clearing, .Agent 
 
 Neil McLean, Manager.... 
 A. H. HrodrirU, .Manager . . 
 
 S. Barber, Manager 
 
 ('. 1). Hrailhwaite, Manager. 
 
 i;. .\. Bog, .\gent 
 
 F. \V. Daniel, .Agent 
 
 John Houston, .Agent 
 
 V \V. Borden, .Agent 
 
 J. A. Bangs, .Manager 
 
 l') 
 R 
 A. 
 
 SOI.ICITORS. 
 
 T. J. Fisher. 
 Macdonell I'v: l''rascr. 
 Townshend, Dickie & Rogers. 
 \V. T. I'ipes. 
 Ritchie iS: Ritchie. 
 
 C. T. Mclsaac. 
 R. Dulmnge. 
 
 Miller & Hackhonse. 
 Crawford & Haines, 
 
 11. S. Strathy, (J.C. 
 
 Met arthv, l'epler& .McCarthy. 
 
 N. \V. VVhite. 
 
 L. A. Seers. 
 
 lohn Hell, (,).C. 
 I. ]. li. Flint. 
 R.'C. Clute. 
 
 lohn King. 
 
 R. .A. Macdonalil, Notary. 
 I). IS. .Simpson. 
 
 Morphy & Morphy. 
 
 Daly \ Caldwell. 
 
 1 lardy, Wilkes & Jones. 
 
 .McAllister & Molt. 
 
 I'arnha 
 Fergus, 
 Forest, 
 Fraserv 
 
 Fretle 
 
 11. -Mcl\. Wilson, (J.U. ■ 
 r. D. Kugglcs. 1 
 
 Granby, 
 Cuelph, 
 
 1'. li. Wade. 1 
 
 {1 
 
 I'raser & Reynolds. H 
 I. I). Huel. ■ 
 
 (iuy.sbnr 
 Halifax, 
 
 LouL'heed iS: .McC^arthv. H 
 
 
 Hon. J. ,A. Lougheed. | 
 
 
 J. I'atcrson. 
 
Chauteuki) Hanks: Tiieih Manaoeum and Solicitoks. 
 
 85 
 
 OWNS. 
 
 )RS. 
 
 scr. 
 
 ;ic & Rogers. 
 
 use. 
 
 llfS. 
 
 \ & McCarthy. 
 
 Ul, Notary. 
 
 phy. 
 
 iV Jones. 
 nn,"Q.C. 
 
 lol.ls. 
 
 IcCarlhy. 
 niglieed. 
 
 Moll. 
 
 Cii Y OR Town. 
 
 Namk ok ISank. 
 
 OIIICEK IN CllAKiiE. 
 
 SOI.K ITORS. 
 
 L'ayuKa. O 
 
 Bank of 1 laniiUon 
 
 J. U. Stuart, Agent 
 
 \V. C, '1'. Morson, .Manager. 
 
 
 (i 
 
 Bank of Coniuiercc 
 
 C. (;. Sniilcr. 
 
 Charloltetown, P.K.I. 
 
 Merchants UaiiU of Hal. 
 
 [•', H. .Arnaiid, Agent 
 
 
 M H 
 
 .Ml;k( llANis Bk. r. !•;. I. 
 
 Win. McLean, Cashier 
 
 Davies & Sutherianil. 
 
 II (< 
 
 Bank of Nova Scotia. . , 
 
 D. C. Chalmers, Agent .... 
 
 I'almer 4.V McLeocl. 
 
 C'liatliam, 
 
 Bank of Commerce 
 
 J. v.. Thomas, Manager. . . . 
 
 .M. Wilson. 
 
 II 
 
 Merchants Bank of Can. 
 
 1''. S. Jarvis, Man.agcr 
 
 
 II 
 
 Bank of Montreal 
 
 Angus Kirkland 
 
 Wm. Dougl.'vs. 
 
 II 
 
 Slanilard Bank 
 
 K. N. Rogers, .Manager.... 
 
 c:hathnm, N.Il 
 
 Bank of Montreal 
 
 K. K. Winslow, Manager.. 
 
 W. C. Winslow, 
 
 II 
 
 Bank of Nova Scotia. . . 
 
 K. k. Morrison, .'Vgcnt 
 
 L. (. Twenlie. 
 
 ("hcsloy, O 
 
 Bank of Hamilton 
 
 J. IL Stuart 
 
 IL C Brewer, Manager. . . . 
 B. Austin, Manager 
 
 |. i\. .Mickle, Notary. 
 C. A. Ilartt. 
 
 
 Molsons Bank 
 
 K. Townships Bank. . . 
 
 Coalicouk, Q 
 
 
 " 
 
 Ban(|iie Dii I'eiiple 
 
 J. B. Gendreau, Manager . . 
 
 
 C'obourg, O 
 
 Dominion Bank 
 
 !•:. H, Osier, Agent 
 
 W. Kerr. 
 
 4* 
 
 Bank of Toronto 
 
 T. A. Bird, NLinager 
 
 H. T. Holland. 
 
 Collwirne. O 
 
 .Slundard Bank 
 
 C. Larke, .Agent 
 
 lames Brydon, .Manager. . . 
 
 
 ('ollingwood, O . . . . 
 
 Bank of Commerce 
 
 .\loberly it Ganion. 
 
 41 
 
 Bank of I'oronto 
 
 \V. A. Copeland, .Manager. 
 
 II. kobert.son 
 
 Cornwall, O 
 
 Bank of Montreal 
 
 K. .Mackenzie, Manager... 
 
 McLennan, Liddell \ Clinc. 
 
 It 
 
 Ontario Bank 
 
 A. Denny, .Manager 
 
 Leitch iV I'ringle. 
 
 Cowansville, Q 
 
 1",. Town>liips Bank.,.. 
 
 J. MacKinnon, Manager. . . 
 
 Diizljy, N..S 
 
 Bank of Nova Scotia . . 
 Merchants Bank of Hal. 
 
 Ilerberl Green, Agent 
 
 V. .McDougall, Agent 
 
 
 Dorchester, N.H 
 
 
 Drayton, O 
 
 Traders Bank 
 
 1'. H. MacSlahon, .Man.ager. 
 
 A. S. Down. 
 
 Driunmondvillt", Q 
 
 Bamiue (.ac(|nes Cartier. 
 
 T. !■"■ (jirouard 
 
 L. A. .Seers. 
 
 1 )iiii(las, () 
 
 Bank of Commerce 
 
 E. kangman, Manager 
 
 Osier i.\: Gwyn. 
 Snider iV Snider. 
 
 Dimnville, () 
 
 Bank of Commerce 
 
 k. G. W. Conolly, .Manager. 
 
 Durham, () 
 
 Standard Bank 
 
 1. Kelly, .Agent 
 
 
 I'lliinindston, N.B. . . 
 
 I'eople's Bank of Halifax 
 
 J. McD. Cromar, Agent. .. 
 
 
 Khiiira, O 
 
 Traders Bank 
 
 L. 1'. Snyder, ALinager.... 
 
 
 Kssex Centre, O . . . . 
 
 Imperial Bank 
 
 C. White, .Manager 
 
 
 K.\eter, O 
 
 .Molsons Bank 
 
 k. IL .Archer, Manager... 
 J. E. C'anipbell, .Manager . . 
 
 B. V. Elliott. 
 
 Karnham, () 
 
 La Banq. dc St. I lyacinthe 
 
 
 Kerj^us, () 
 
 Imperial Bank 
 
 \V. A. Weir, Manager 
 
 [. C. Donaldson. 
 
 Koresl, () 
 
 Standard Bank 
 
 W. C. Boddy, Agent 
 
 
 I'rascrville, i) 
 
 Ban(|iie Jacques ("artier. 
 
 J. 1''. I'ellant, Manager 
 
 r. \'. Tache. 
 
 Fredericlon, N.B. . . . 
 
 I'Koi'i.F.'s Bank { 
 
 |. W. Spurden, Cashier . . 1 
 A. 1'. Randolph, Manager/ 
 
 H. Byron Winslow. 
 
 II 14 
 
 Bank of B. N. America . . 
 
 k. Inglis, .Agent 
 
 
 " " . . . . 
 
 Bank of Nova Scotia .... 
 
 D. R. Forgan, Agent 
 
 John Black. 
 
 <■ II 
 
 Merchants Bank of Hal. 
 
 A. S. Murray, Agent 
 
 
 Gah, 
 
 Bank of Commerce 
 
 T. A. Stephen, Manager.. 
 
 E. . Beaumont, Notary. 
 
 It 
 
 Imperial Bank. . . 
 
 John Cavers, .Manager 
 
 (;.\'. J. Greenhill, .Manager. 
 A. I'etrie, .Manager 
 
 Hal (!t Millican 
 
 44 
 
 Merchants Bank of Can. 
 
 
 Gananoque, 
 
 Merchants Bank of Can. 
 
 
 14 
 
 liank of Toronto 
 
 T. K. How, Manager 
 
 Freeman Britton. 
 
 Gaspe Basin, Q 
 
 La Banciue Nationale. . . 
 
 J. Leiioutillier, Cir.-.Agent. . 
 
 
 Georgetown, O 
 
 Bank of Hamilton 
 
 IL ^L Watson, Agent 
 
 G. S. Goodwillie. 
 
 Glencoe, O 
 
 Traders Bank 
 
 Geo. Dobie, Manager 
 
 Alex. Stuart. 
 
 Godericli, O 
 
 Bank of Montreal 
 
 Geo. Drumniond, Manager . 
 
 
 II 
 
 Bank of Commerce 
 
 k. S. Williams, .Manager. . . 
 
 Cameron & Holt. 
 
 Granby, Q 
 
 E. Townships Bank. . . . 
 Dominion Bank 
 
 E. N. Robinson, Manager . . 
 A. Fitzgerald, Agent 
 
 
 Guelph, C) 
 
 I'ield c^ Wissler. 
 
 41 
 
 Bank of Montreal 
 
 J. IL Finlay, Manager 
 
 Thos. W. Saun<lers. 
 
 il 
 
 Bank of Commerce.... 
 
 B. k. McConkey, Manager. 
 
 
 14 
 
 Bank of Commerce.... 
 Merchants Bank of Hal. 
 Hai.iiax Bankinc Co. 
 
 G. W. Sandilands 
 
 D. Guthrie, Q. C. 
 
 Guysboro', N..S 
 
 Ilahfax, N. S 
 
 11. M. lost. Agent 
 
 \V. L. I'ilcaithly, Cashier . . 
 
 
 44 44 
 
 Bank oi' Nova Scotia. 
 
 Thomas Fyshe, Cashier .... 
 
 Borden, Parker, kitchie & 
 Chisholm. 
 
 
 
 Cieo. MacLeod, Local Mgr.. 
 
 A. E. Silver. 
 
 14 II 
 
 Bank of B. N. America . 
 
 .A. v.. I'lllis, Manager 
 
 
 II 44 
 
 Union Bank,IIai.ika.x. 
 
 K. L. Thorne, Cashier 
 
 Henry, kitchie iS: Co. 
 
 44 44 
 
 Mkrciianis Bk oi' H. 
 
 D. H. Duncan, Cashier . . . . 
 
 Henry, kitchie ,."t Henry for 
 I lead Office an<l Branches. 
 
 
 
 
 It II 
 
 Peoi'le's Bank 
 
 John Knight, Cashier 
 
 Peter Lynch, ().C. 
 
 ':i 
 
 
 |r-;.i 
 
:i(i 
 
 CiiAiiTEUEi) Hanks; 'I'iikiu Manaoeus ani> Solicitokm. 
 
 City or Town. 
 
 Halifax, N, 
 llaiuiltDi), 
 
 S. 
 () . 
 
 Ilarrislon, (), . . 
 1 liKlK'laj;n, (J . . 
 
 lliill,(,) 
 
 Iliinliiit^don, (^ 
 Ini^LTsoll, O. . . . 
 
 Iroquois, O 
 
 Jaivis, O 
 
 Jolicttc, Q. . ... . 
 
 Kainloops, H. C . 
 Kc'L'waliii, ().... 
 
 Kcntville, N.S. . . 
 KiiuardiiK', O. . . 
 Kiiij;sl(in, O 
 
 Kitit^slon, N. H.. , 
 
 i.acliiite, (^ 
 
 l-aurcntidos, Q. . , 
 I,i-ll)l)riilt;f, All) . 
 Lindsay, O 
 
 Listowi'll, O 
 
 Liverpool, N. S. . , 
 Lockport, N. S. . , 
 London, O 
 
 Londonderry, N. S. 
 
 Louiscvillc, (^) 
 
 Lunenburg, N. S. . . 
 
 Maitland, N. S 
 
 Meaford, O 
 
 Markliain, O 
 
 Merrickville, O. . . . 
 
 Midland, O 
 
 Millon, O 
 
 Minnedosa, M 
 
 Mitchell, O 
 
 Moncton, N.B 
 
 Montreal, Q. 
 
 Namr ok Bank. 
 
 OFFirRR IN Char(;b. 
 
 Hank of Montreal 
 
 Hank rti IIa.mm.ion . , 
 Ikmk of H. N. America. . 
 
 Kank of Montreal 
 
 Merehants Hank of Can, 
 
 Traders Hank 
 
 Hank of Connnerce, , . . 
 
 Molsons Hunk 
 
 Slandar<l Hank 
 
 Hani|ue Ville Marie 
 
 Han<iiie N'illf Marie 
 
 K. Townsliipb Hank. . . , 
 
 Traders Haid^ 
 
 Merchants Hank of (.'an 
 
 Imperial Hank 
 
 Union Hank 
 
 Hank of ("iinimeree 
 
 Han(|ue 1)1 ioehelaga. . 
 Hank of Hritisli Coluniliia 
 
 Hank of Ottawa 
 
 Hank of Nov.t Scotia.. 
 Merchants Hank of Can. 
 iMerclianls Hank of Can 
 Hank of H. N. .\merica . 
 
 Hank of .Montreal 
 
 Ontario Hank 
 
 Merchants Hank of Can. 
 HaiKpie \'ilk' Marie. 
 I!an<|iie I,iC(|ues Cartier . 
 
 I'nion Hank 
 
 Ontario Hank .... 
 
 Hank of Montreal 
 
 Dominion Hank 
 
 Hank of Hamilton 
 
 Hank of Nova Scotia .... 
 Halifax Hanking; Co. . . . 
 Hank of H. N. .America. . 
 
 Merchants Bank of Can-! 
 
 Bank of Montreal 
 
 B.ink of Connnerce, .. . 
 
 Molsons Hank 
 
 Bank of Toronto 
 
 Merchants Hank of Hal. 
 
 Han<|ue \'ille .Marie 
 
 .Merchants Hank 
 
 Halifax Bankinf; Co. . . . 
 Merchants Hank of Hal. 
 
 Molsons Hank 
 
 .Standard Hank 
 
 Union Hank 
 
 Western Hank 
 
 Bank of Hamilton 
 
 Com. Bank of Manitoba 
 Merchants Bank of Can. 
 
 Bank of .Montreal 
 
 Bank of Nova Scotia.. 
 Merchants Bk of Halifax 
 Bank ok Montrkai... 
 
 Solicitors. 
 
 " W. K. Hr.-inch 
 BanqueD'Hociiki.ac.a. 
 Ban<juk I)u I'Kui'i.n. . . 
 
 Moi.soNs Bank . 
 
 Branch , , 
 
 F. .\L Cotton, Manager 
 J. Turnliidl, Cashier, . . 
 (. J. Morrison, Manager. . . . 
 |. N. Travers, Manager.... 
 
 J. I'ottenger, .Manager 
 
 I'.milius jarvis. Manager.. 
 Win. Uolierts, Manager.... 
 W. Clinch, Manager. . . . 
 
 ). !•). (iray, .\gent 
 
 (leo. Dastons, .Manager.... 
 J. r. l)<'niartingy, .Manager. 
 W. 11. Kobinson, Manager.. 
 C. M. W. Simpson, .Mgr. . . 
 
 \. M. Smith, .Manager 
 
 J. .\. Richardson, Manager. 
 '!•;. W. Hoiirinol, .Acting .Mgr. 
 W. C. T. Moison, Manag<-r. 
 |. 1 1. < )sligny, .Manager, . . . 
 I\. L. Haines, .\gent 
 
 I. H. .Monk, Manager 
 
 L. 1). \'. Chipman, .Agent. , 
 ( ieo. C. Tyre, Manager. . . . 
 (i. K. Hague, Manager.... 
 
 II. K. Harvey, Manager. . . . 
 C. K. L. I'orteous, .Manager. 
 T. N'. (ireet. Manager.... 
 
 I. 11. Abliotl, .\gent 
 
 Henry Krosl, .\lanager . . . . 
 
 A. Hoyer 
 
 K. K. tiodwin, Manager . 
 
 !•;. Klood, Manager 
 
 A. V. I). .McC.achen, .Mgr.. 
 
 T. H. Dean, Agent 
 
 O. S. Clark, Agent 
 
 Wm. Hahbiirtoii, .Agent . . . . 
 K. A. Capstick, Agent 
 
 1). Cumberland, .Manager . . 
 W. F. llar|ier, .Manager. . . . 
 \. J. Ferguson, Asst. .Mgr. . 
 W. J. Anderson, .Manager.. 
 H. A. Nicholson, Manager. . 
 V. W. 1). Hrodrick, Mgr.... 
 W. K. Wadsworlh.Jr., Mgr. 
 
 F. Walsii, Agent 
 
 1'. .\. ( ). Lacoursierc, .Mgr.. 
 C. 11. McLoughliii, -Agent. . 
 W. (1. tireenwood, .Agent.. 
 
 (ieo. Frieze, .Agent 
 
 I'eter Fuller, Manager 
 
 F. .A. Keesor, .Agent 
 
 M. .Mcl.elland, Man.iger . 
 F. 11. Holland, .Manager. , 
 Joshua Hutterfield, .Agent . 
 H. I'isher, .Manager 
 v.. (i. Lawrence. ^' 
 A. II. Bed dome 
 |. Mnwit, A(*ri 
 
 c. I ; 
 w." 
 
 IC. s. listen, 
 Man r. 
 
 II. V. .Meredith, 1 
 
 I). H. Macphers. 
 
 .M. |. A. I'renderb 
 
 Bruce, Burton iV Hriicv. 
 
 Jnmcs Parkes. 
 
 .McKelcan, (iilwon & (iansby. 
 
 Crerar, Crerar i\: Hankier. 
 
 .M. Walsh. 
 
 Ilegler iV Jackson. 
 
 C. (i. Snider. 
 J. M. Tellier. 
 
 John 1'. Chipman. 
 C. .M. Macdonnell. 
 
 1'. \. Tache. 
 
 .Mr. Hopkins, 
 Hudspeth vl: Jackson. 
 J. A. Barron! 
 Darling iK: .Maybce. 
 
 N. W. White. 
 
 T. C. & W. R. Meredith. 
 Cronyn eV Hetls. 
 Magcc- iV Thonias. 
 T. 11. Iiirdom, C^.C. 
 
 S. A. Chesley. 
 Wilson I'v: Fvans. 
 
 ). W. Ciimpbell, Notary. 
 \h- "lewnrl. 
 
 Knigjil. 
 (■ay. 
 
 gr. 
 
 en. 
 
 al Agt. 
 
 Agent . 
 
 ■ I, Casln. 
 
 S. Bousquet, Cashier 
 
 F. W. Thomas, ( len. Mgr 
 J. I'^lliot, Manager 
 
 Heique, Lafontaine k Turgeon 
 (ieol)rion, Dorioi .Allan, fir 
 
 Head Office i\ iichc'-. 
 Abbotts, CampI & Merc 
 
 dith. 
 
ClIAKTKUKI) HaNKm: TllKlll MaNAOKKS AND HoLKITOUS. 
 
 87 
 
 I'll Y OR Town. 
 
 MontrunI, <j. 
 
 Namk (U- Hank. 
 
 Miirilon, Man . . . 
 .Morrislmrf;, (). . . 
 Mimiil I'orcst, O. 
 Naiiaiiiii), U.C . . . 
 Napancc, O 
 
 Na|iiervillu, ii 
 
 Niw (ilasgow, N.S. 
 
 Newcastle, N.S. 
 Ncwcasllc, N.li. 
 
 New I lamlmrg. O . . , 
 N. Westiuiiister, li.C. 
 
 Newmarket, () 
 
 Niagara I'all.s. ().... 
 
 Nicolct, y 
 
 N. Sydney, N.S 
 
 NDrwicli, (3 
 
 Draiigeville, O 
 
 Orillia, O.. 
 
 Osliawa, O 
 It 
 
 Ottawa, O. 
 
 Owen Sound, O. 
 
 Oxford, N.S. 
 I'aisley, O. . . 
 I'aris, O 
 
 I'arkdalc, O. 
 I'arkliill, O. 
 
 IU.N<,llIK Jak.i. CvKriKK 
 
 llan(|. Jac(|. ("artier, Si. 
 Jean Haple 
 
 hani|. jaci). t'artier, On- 
 tario" St 
 
 (,»iiel)fe Hank 
 
 Ontario Hank 
 
 Hank ol I'oronto 
 
 Mi:k( HAMS Hk. okCan 
 
 Montreal Branch 
 
 Hank of Conunerce . . . 
 
 Union Hank 
 
 Hank ol H. N. .Vnieriia 
 l.a H.iii(|iie Nationale . 
 Meridiaiiis Hk. of Halifax 
 Hank ol Nova Seotia . 
 Hani|iic N'ille Marie. ... 
 Com. Haid» of Maliilolia 
 
 .MoUons Hank 
 
 Ontario Hank 
 
 Hank of Hritisli (°olinul)ia 
 .Merchants Hank of Can. 
 
 Dominion Hank 
 
 Han(|iie De St. Jean. . . . 
 Hank of Nova Scotia.. , , 
 llaiilax Hanking; Co . . . . 
 Union Hank ol 1 lal .... 
 
 Standard Hank 
 
 Hank of Nova .Scotin. . 
 Merchants Hank of Hal 
 Western Hank of Can 
 Hank of Hiitish C<>lund)ia 
 Hank of .Montreal .... 
 
 Ontario Hank 
 
 Imperial Hank 
 
 Hamiiie N'ille Marie. . . 
 Hank o( Nova Scotia . 
 
 Molsons Hank 
 
 Hank of Conunerce . . 
 
 Hank of Hamilton . . . 
 
 Dominion Hank 
 
 Traders Hank 
 
 Dominion Hank 
 
 Wksi I'.RN Hank or Can 
 Hank of li. N. .\merica 
 Ha.nk ok C) I taw a . . . 
 
 Hank of .Montreal 
 
 Hank of Commerce .... 
 
 Ontario Hank 
 
 .Merchants Hank of Can. 
 
 (,)ueliec Hank 
 
 l.a l!an(|iie Nationale.. 
 
 Union Hank 
 
 Merchants Hank of Can 
 
 Hank of Hamilton 
 
 Molsons Hank 
 
 Hank of Nova Scotia . . 
 
 Western Hank 
 
 Hank of H. N. America. 
 Hank of Commerce. . 
 
 Standard Hank 
 
 lUank of Coiuincrcc . 
 
 \. I,. cleMartinny, (ieii, Mgr. 
 
 J. (1. Lindsay 
 
 C. 1 1. A. ( Jiinnond, M(;r. . . 
 
 McI)oii^;al, Manager. . . . 
 W. W. I,. ( hipman, Mj-r. . 
 J. M. Smith, .Maiianer 
 
 Habile, (ieii. .Manaijer.. 
 
 John liall, Hr. Supt 
 
 .S. Meredith, Manager... 
 Kol)t. Shaw, .\.ssl. .Man.l^;er. 
 \. .M. Cromliie, .Mana^;er.. 
 (ieo. H. H.dfoiir, Mana^jer. . 
 
 I'enlold, Manaj;er 
 
 ,\. Hriinct, Mana^;cr 
 
 I'). 1,. I'ease, ,\Iana(;er 
 
 r. V. MacDonald, Agent .. 
 
 U. ( iarand, ( ashier 
 
 C. K. Dimsford, Manager . 
 
 W. I low.ird, .Manager . . 
 C. J. .Agar, .Acting Manager 
 (!eo. Cniick shank, .Agent. 
 
 .A. Smith, Manager 
 
 !•:. II. Haines, .Agent 
 
 M. ( atuckd, Manager. . . . 
 Inglis Johnstone, .\genl . 
 J. 1). .Sloorman, .Agent. . . 
 
 |. Norman, .Agent 
 
 ■j. K. Allen, .Agent 
 
 I''. K. M(^rrison, .Agent. . . 
 
 J. \eoman, .Agent 
 
 T. D. .Allin, .Manager . . . 
 
 H. I'isher, Manager . . 
 (i. 1). lirymner, .Agent .. 
 J. K. Soiich, Manager . . . 
 [. .A. I.angnmir, Manager 
 C. .A. Sylvestre, .Manager 
 W. Thompson, .Agent . . . 
 r. H. I'hepoe, .Manager.. 
 W. W. Kiithven, Manager 
 
 U. T. Hann, Agent 
 
 H. S. Scadding, .Agent.. 
 K. W. Strathy, .Manager . 
 W. H. Holland, .Agent .. 
 T. 11. McMillan, Cashier. 
 I). Kobert.son, .Manager., 
 (ieorge Hum I'ashier. ... 
 
 I'', (juiidry. Manager 
 
 Rol>t. (iill. Manager 
 
 .A. .Simjisoii, .Manager 
 
 W. L. Marler, Manager.... 
 
 II. \'. Noel, Manager 
 
 1'. J. Harin, .Manager 
 
 M. A. .Anderson, Manager, 
 .A. St. L. .Mackintosh, .Mgr 
 
 II. II. O'Reilly, .Agent 
 
 I.. K. Tate, .Manager 
 
 ti. S. Moore, .Manager . . . . 
 K. Hlette, Acting Manager , 
 (i. I'. Hnchanan, Agent . . . . 
 K. C. Jennings, Manager. . 
 
 J. Martin, .Agent 
 
 IJ. M. Duff NIanager 
 
 I.acoste, Hesaillon, Hrosseau 
 fi l.ajoie. Notary, Theo. 
 Dcuiccl. 
 
 K. l.alleui. 
 
 Hon. K. Lallaninic. 
 
 J. I. Morris. 
 
 (leolfrion, Dorion dv .Mian. 
 
 At water & Mackie. 
 ( harhonneau \- Weir. 
 j. It. .McLaren. 
 I''. Tyrrell. 
 
 Dcrochf & Ma<ldun. 
 
 I''raser & Jcnni.son. 
 J. II. Sinclair. 
 
 Hon. M, Adams. 
 
 Corlwuld, McColl & Jenns, 
 
 Hill iS: Inglis. 
 
 Hlowers Archibald. 
 
 Meyers iV- RoM); Jos. I'attullo, 
 
 Notary. 
 Jas. Walsh. 
 ,S. S. Robinson. 
 R. 1'. tiunn. 
 H. Morphy. 
 
 A. J. Christie, Q.C. 
 
 J. J. Gorniully ; McLeod 
 
 Stewart, Notary. 
 O'Gara, McTavish & Wyld. 
 
 |T. F. Nellis. 
 
 O'Connor, Hogg, & Balderson 
 
 Masson & Masson. 
 Crerar, Morison «.V Smith. 
 
 John McMillan. 
 K. Goodman, 
 
38 
 
 Chartered Banks: Their Managers and So.mcitohs. 
 
 City or Town. 
 
 Namf. oi- Hank. 
 
 Ol'KICKR IN ClIAKdE. 
 
 .Solicitors. 
 
 I'arrsbori)', N.S 
 
 Ilalifa.x Hanking Co.... 
 
 A. S. Townshend, Agent.. 
 
 
 
 reiiL'taiiijiiishine, O. . 
 
 Western Hank 
 
 K. 11. Holland, .Manager .. 
 
 
 
 Perth, O 
 
 Merchants Hank of Can. 
 
 James Cr.ay, .Manager 
 
 R. J. Drummond, Manager. 
 T. C. Coffin, Manager 
 
 
 
 (t 
 
 Hank of Montreal 
 
 (Jiiel)ec Hank 
 
 F. A. ILall. 
 R. White. 
 
 
 Pembroke, O 
 
 
 ** 
 
 Hank of Ottawa 
 
 Hector Eraser, Manager . . . 
 
 Thos. Deacon, ().C. 
 
 
 Peterborougli, 
 
 Hank of Toronto 
 
 J. L. (lower, .Manager.... 
 
 W. H. Moore. 
 
 
 14 
 
 iSank of Montreal 
 
 E. J. Lewis, Man.ager 
 
 H. D. Hall. 
 
 
 I( 
 
 Hank of Commerce 
 
 W. Mansun, Manager 
 
 John Burnham. 
 
 
 (( 
 
 Ontario Hank 
 
 Chas. Mctjill, Manager.... 
 P. Campbell, Manager .... 
 
 
 
 Petrolia, O 
 
 Hank of Toronto 
 
 Geo. Moncreiff, Q.C. 
 
 
 I'elitoiiliac, N.H 
 
 Halifax Hanking Co ... . 
 
 I). J. Forbes, .Vgent 
 
 F. W. Emerson. 
 
 
 Pickering, O 
 
 Picton, O 
 
 Ontario Hank 
 
 
 
 
 Hank of Montreal 
 
 K. H. Crombie, Manager. . . 
 W. T. Shannon, Agent .... 
 
 A. D. Munroe, .Vgent 
 
 (J. K. Chisholm, Agent.... 
 
 Ross & McLennan. 
 
 
 it 
 
 
 Pictou, N. S 
 
 Hank of Nova Scotia . . . 
 .Merchants Hank of Hal. 
 
 
 4i 
 
 
 Plessis/ille, Q 
 
 Hancjue Jacques Cartier . 
 
 Chevre Fils & Lacerte, Mgrs. 
 
 J. S. Doucet. 
 
 
 Point St. Charles, Q. 
 
 Hanijue \ille Marie 
 
 W. J. E. Wall 
 
 
 
 Port C'olborne, O . . . . 
 
 Imperial Hank 
 
 E. C. F. Wood, Manager . . 
 
 Harcourt & (.'owper. 
 
 
 Port Elgin, O 
 
 Hank of Hamilton 
 
 [. S. (iordon, .\gent 
 
 I. .S. Dalryniple. 
 
 
 Port Hawkeslniry N.S 
 
 Merchants Hank of Hal. 
 
 Fred. L. M. Paint, Agent. . 
 
 
 
 Port Hope, O 
 
 Traders Hank 
 
 .\. F. 11. Jones, Man.iger. . . 
 
 11. A. Ward, M.P. 
 
 
 (( 
 
 Hank of Toronto 
 
 E. H. .Vndros, .Manager.... 
 
 T. T. Haines. 
 
 
 Port Perry, O 
 
 Western Hank 
 
 W. H. McCill, M.an.nger. . . 
 
 ?•■ 
 
 
 Port Arthur, O 
 
 Ontario Hank 
 
 A. J. .Macdonell, Manager. . 
 
 
 
 Portage la Prairie, M. 
 
 Imperial Hank 
 
 Doni. Hank of Manitoba. 
 
 N. G. Leslie, .Manager .... 
 J. l'itl)lado, Man.ager 
 
 .Martin iV Curtis. 
 
 
 Prescott, O 
 
 Merchants Hank of Can. 
 
 T. Kirby, Manager 
 
 
 
 Quel)ec, Q 
 
 (juEiiEc Hank 
 
 [as. Stevenson, Cien. Mgr.. 
 
 Caron, I'entland & Stuart. 
 
 
 (( 
 
 Union Hank ok Can. , 
 
 E. E. Webb, Cashier 
 
 Hon. Geo. Irvine, and W. 
 A. H. Cook. 
 
 «■ 
 
 
 
 i( 
 
 Banque Jacques Cartier. 
 Union Hk, St. Eouis St. 
 La Hani.>iie Nation Ai.E 
 Hank of H. N. .\merica. . 
 
 N. Dion 
 
 Chrs. .S. Burroughs. 
 
 
 i( 
 
 Geo. Veasey, Manager 
 
 P. Lafrance, Cashier 
 
 H. .M. J. McMichael, .Mgr. 
 
 
 (( 
 
 
 4( 
 
 
 (1 
 
 Hank of Montreal 
 
 
 
 
 t( 
 
 Merchants Hank of Can. 
 
 Han(|ue du I'euple 
 
 Hank of Montreal 
 
 J. C. More, Manager 
 
 P. H. Dumoubn, Manager.. 
 P. A. I'addon, Manager. . . . 
 
 Scott & Hamilton. 
 
 
 t( 
 
 
 Regina, N.W.T .... 
 
 
 
 Merchants Hank of Can. 
 E. Townships Hank .... 
 
 C. (;. .Morgan, Manager. . . . 
 W. L. Hall, Manager 
 
 
 
 Kichmoiul, (j 
 
 
 Kidgftown, O 
 
 Molsons Hank 
 
 Tr.idcrs Hank 
 
 Merchants Hank of Hal. 
 
 J. Mc.Mahon, Manager 
 
 |. A. M.ickellar 
 
 N. Mills. 
 
 
 Sackville, N.B 
 
 Fulton .McDougall, .Agent . 
 
 
 
 Halifax Hanking Co. . . . 
 Hank of .Montreal 
 
 T. -Murray, .\gent 
 
 Geo. H. Grifhn, .Manager.. 
 
 T. A. Kinnear. 
 
 
 
 Hank of Commerce.... 
 Traders Hank 
 
 T. \V. Nisbet, .Manager.... 
 J. C. Douglas, .Manager. . . . 
 
 R. S. Gurd. 
 Lister & Cowan. 
 
 
 II 
 
 
 i( 
 
 Bank of Montreal 
 
 Bank of (Commerce .... 
 
 G. H. Griffin, Manager 
 
 D. McGregor, Manager.... 
 
 Pardee it (iarvey. 
 McFadden, Dundile & Matl 
 
 
 Sault Ste. Marie, O. 
 
 le- 
 
 
 
 • 
 
 son. Notaries. 
 
 
 11 I' 
 
 Imi)erial Hank 
 
 J. M. Wemyss, Acting Mgr. 
 
 Kehoe iS: Hamilton. 
 
 
 Seaforth, O 
 
 Bank of Commerce.... 
 
 John Aird, Manager 
 
 1'. llolmsted. 
 
 
 Shediac, N.S 
 
 People's Hank of Hal... 
 
 E. J. Cochran, .Man.iger . . 
 
 Mr. Russell. 
 
 
 Sherbrooke, Q 
 
 E. TowNsiiii'.s Hank. . 
 
 Wni. Earwell, (ien. .Mgr. . . . 
 
 Hall, White &Cote. 
 
 
 ii 
 
 .Merchants Hank of Can. 
 
 J. A. Ready, Manager.... 
 
 
 
 (1 
 
 La Hanque Nationale. . 
 
 W. tiabaury. Manager 
 
 
 
 Slnicoe O 
 
 Hank of C'ommerce. . . . 
 
 E. Cowdry, Manager 
 
 \V. Corbould, .'\gent 
 
 .\nsley & Slaight. 
 Tisdale iV Robb. 
 
 
 41 
 
 Bank of Hamilton 
 
 
 Smith's Falls, O 
 
 Molsons Hank 
 
 F. A. Bethune, .Manager.. 
 
 J. R. Lavell. 
 
 
 11 11 
 
 Union Hank of Can. . , . 
 
 J. H. Henderson, Act. Mgr. 
 
 
 
 Sorel, Q 
 
 Molsons Hank 
 
 Hanque D'Hochelaga. , . 
 Halifax Hanking Co. . . . 
 
 F. W. t;. Johnson, Mgr. . . . 
 A, A. Larocque, Manager.. 
 James J. Hughes, .Agent . . . 
 
 C. J. (i. Wurtelle. 
 A. Germain. 
 
 
 It 
 
 
 Springhill, N.S 
 
 
 Souris, P.E.I 
 
 Merchants Hank of P. E.I 
 
 C. 11. Lee, Agent 
 
 
 
 Stanstead, Q 
 
 E. Townships Bank .... 
 
 S. Stevens, Manager 
 
 
 
 St. Andrews, N. li. . 
 
 Hank of Nova Scotia . . 
 
 Sub. to St. Stephen 
 
 Hallctt & Fowler, 
 
 
Charteued Banks: Their Managers and Solicitors. 
 
 30 
 
 & SUmrt. 
 L-, and \V. & 
 
 >l)le & Mathe- 
 
 City or Town. 
 
 Name ok Hank. 
 
 Officer in Charge. 
 
 Solicitors. 
 
 .St. Catharines, O . . 
 
 Imperial Hank 
 
 C. M. Arnold, Manager.... 
 
 Cox & \'a\e. 
 
 II 
 
 Hank of Commerce 
 
 I''. O. Cro-ss, Manager.... 
 
 Miller, Cox & Yale. 
 
 If 
 
 Hank of 'Toronto .... 
 
 (J. \V. Hodgetts, Manager. . 
 
 W. H. McCline. 
 
 St. Cesaire, () 
 
 Han(iiie Ville Marie.... 
 
 M. \. A. Lixcasse, Manager. 
 
 
 .St. Cuncfjonde, Q. . . 
 
 Hanc|ue Jacques Cartier . 
 Hank of Nova Scotia . 
 
 G. H. Ducharme, .Manager. 
 
 
 St. ('■o()rj;e, N. B. . . . 
 
 .Sub. to .St. .Stephen 
 
 
 •St. Henri, (,) 
 
 La Hanq. Iacc|. Cartier. . 
 
 1''. .St. (iermain. Manager.. 
 
 
 St. I lyacinthe, () 
 
 t ( 
 
 La Han(|. Jaccj. Cartier. . 
 La HAN(.)i'E i)K St. Hy- 
 
 A. Clement, Manager 
 
 Lussier & Gendron. 
 
 
 ACIMllK 
 
 R. S. Jacques, Manager.... 
 
 
 (( 
 
 
 (1. Creb.a.ssa, Manager 
 
 W. (lirvan. Cashier 
 
 Fontaine & .St. Vacquer. 
 G. Sydney Smith. 
 
 St. lohn, N.H 
 
 Hk. ok N.Hrunswick. . 
 
 It ti 
 
 Hank of H. N. America. . 
 
 \V. K. Colier, Manager 
 
 
 (1 tl 
 
 Hank of Montreal 
 
 K. C. Jones, Manager.... 
 
 
 (t l( 
 
 Hank of Nova Scotia.. 
 
 Geo. Sanderson, Agent 
 
 A. C. I'"airwcathcr. 
 
 (( «( 
 
 Halifax Hankinj; Co. . . . 
 
 fos. C. Taylor, .\gent .... 
 
 J. R. Armstrong. 
 
 St. Johns, Q 
 
 Merchants Hank of Can. 
 
 K. H. Hcward, .Manager.. 
 
 
 It ii 
 
 Hanque cle St. jean. . . . 
 
 P. Handouin, Cashier 
 
 
 It a 
 
 Hanque du I'eu|)le 
 
 P. Baddouin, .Manager.... 
 
 
 St. Jerome, Q 
 
 Hanque du reu|)le 
 
 J. A. Theberge, Manager. 
 
 
 St. Mary's, O 
 
 Hank of .Montreal 
 
 f. Leslie, Man.iger 
 
 
 41 
 
 Traders Hank 
 
 C. S. Rumsey, M nager. . . . 
 
 
 St. Pierre .Mi(|uelon. . 
 
 Merchants Hank of Hal. 
 
 K. .\. .McCarthy, .\gent 
 
 
 St. Remi,(,) 
 
 Hanque du I'euple 
 
 ('. Bedard, Manager 
 
 
 
 Hantjue Jacciues Cartier. 
 Sf. STKi'itKN's Hank. . 
 
 I). Denis 
 
 Lussier A Gendron. 
 
 St. Stephen, N. H. . 
 
 I. 1''. Grant, Cashier 
 
 J. G. Stevens, Jr., 
 
 II II 
 
 Hank of Nova Scotia. . . . 
 Hanque \ille Marie. . . . 
 
 1- Black, .'\gent 
 
 
 St. Therese, Q 
 
 .M. Boisvcrt, .Manager 
 
 
 St. Thomas, (5 
 
 Merchants Hank of Can. 
 
 \V. Pringle, Manager 
 
 
 " 
 
 Ini|)erial Hank 
 
 .M. .\. Gill>ert, Manager 
 
 Krmatinger& Robinson. 
 
 " 
 
 Molsons Hank 
 
 H. Lockwood, Manager .... 
 
 .McDougall & Robertson. 
 
 If 
 
 Traders Hank 
 
 H. I. Coleman, Manager.. 
 
 John Karley, (J. C. 
 
 Stellarton, N. S 
 
 Hank of Nova Scotia. 
 
 G. R. Murray, .Agent 
 
 .McDonald & Hensley. 
 
 Stratford. O 
 
 Merchants Hank of Can. 
 
 T. K. P. Trew, Manager. . 
 Thomas Plummer, Manager. 
 
 
 
 Hank of Montreal 
 
 John Adington, (^).C. 
 
 II 
 
 Hank of Commerce... 
 
 \Vm. Maynard,jr., Manager. 
 
 .McPherson & D.ividson. 
 
 Slrathroy, 
 
 Hank of Commerce. . . . 
 
 L. H. Dam )ier, Manager. . . 
 
 L. W. Scathard. 
 
 II 
 
 Traders Hank 
 
 \V. T. .Smit 1, Man.ager 
 
 J. Folinsbee. 
 
 Sunimersi.''" P. K.I. . 
 
 Merchants Hank of Hal. 
 
 P. W. Morriscm, .Agent.... 
 
 
 II II 
 
 Bank of Nova Scotia . . 
 
 Neil McKelvie, .Agent 
 
 E. J. Hodson. 
 
 II 11 
 
 Bank of Summf.rside. 
 
 R. McC. Stew.irl, C.ishier.. 
 
 
 Sussex, N.H 
 
 Hank of Nova Scotia .... 
 
 Geo. \V. Daniel, .Agent.... 
 
 Ilallett & Fowler. 
 
 .Sydney, C. H. N. S . . 
 
 Merchants Hank of Hal. 
 
 J. K. Burchell, .Agent 
 
 
 Thorold, O 
 
 Bank of Commerce .... 
 
 W.J. Robertson, Manager. 
 D. B. Crombie, NLmager. . . 
 
 
 II 
 
 (Quebec Hank 
 
 Miller, Cox & Vale. 
 
 Three Rivers, ().... 
 
 <^)uel)ec Hank 
 
 T. 1'. Co.\, Manager 
 
 A. Oliver. 
 
 it II 
 
 La Han(iue Nationale. . 
 
 Union Hank, .Agent 
 
 
 it II 
 
 Hamiue du I'eiqtle 
 
 P. K. Panneton, Man.iger.. 
 
 
 11 II 
 
 Hanque D'Hochel.aga . . 
 
 H. N. Hoire, Manager 
 
 N. L. Dcnouevcnt. 
 
 Tilsonhurg, O 
 
 Traders Hank 
 
 P. N. Dewar, Manager.... 
 
 
 II 
 
 Western Hank 
 
 C. L. Rennie, Manager.... 
 
 
 Toronto, O 
 
 Hank of Commercf.. , , 
 
 B. K. Walker, (Jen. .Mgr. . . 
 L H. Plummer, A.sst. G.M. 
 
 Blake, Lash & Cassels. 
 
 II 
 
 Branch. 
 
 J. C. Kemp, Manager 
 
 L. Holster. Sub. Nlanagcr. . 
 
 
 II 
 
 " v.. Branch. 
 
 .A. Bradley, Manager 
 
 
 II 
 
 " N. Branch. 
 
 R.J. Montgomery, Manager. 
 
 
 Toronto, O 
 
 Bank ok Commkkie, 
 
 
 
 
 N. \V. Branch 
 
 R. C. McHarric, Manager. 
 
 
 " 
 
 Bk. of Commerce, N'onge 
 
 
 
 
 and College Branch . . 
 
 T. S. Harrison, Manager . . 
 
 
 If 
 II 
 
 On I ARID Hank 
 
 " " (,)ueen 
 
 Cha.s. Holland, Gen. Mgr.. 
 W. H. Smith, Manager.... 
 
 
 
 St. W. Branch 
 
 R. H. Caldwell, Manager . . 
 
 
 II 
 
 .Standard Hank 
 
 J. L. Hrodie, Cashier 
 
 Geo. P. Reid, Asst. Cashier 
 
 
 If 
 
 f 1 II 
 
 McDonahl & .Marsh. 
 
 I 
 ', If 
 
 I'll 
 
 5« 
 
 <li 
 
 .11 
 
40 
 
 Chakteued Banks: Theih Manaoehs and Solicitous. 
 
 City or Town. 
 
 Name ok Bank. 
 
 OkI'Ker in Charge. 
 
 .SOI.ILITORS. 
 
 Toronto, O • 
 
 Uo.MiNioN Hank 
 
 K. H. Bethune, Cashier. .. . 
 
 >. 
 
 I« 
 
 (( i( 
 
 J. H. Kane, Asst. Ca.shier.. 
 
 
 (< 
 
 " (,)ueen 
 
 
 
 
 St. K 
 
 K. M. Gray, Agent 
 
 
 
 Dominion Hank, ( tueen 
 
 
 
 
 St. W 
 
 W. J. Price, Manager 
 
 Mulock, Miller, Crowther 
 
 (( 
 
 Dominion Hank, Mar- 
 
 
 f and Montgomery. 
 
 
 ket Hranch 
 
 T. (;. Brough, Agent 
 
 • 
 
 
 Dominion Hank, Dundas 
 
 
 
 
 and (^Hieen St. Hranch 
 
 K. 0. Cayley, Agent 
 
 
 
 Dominion Hank, .Spadina 
 
 
 
 
 Ave. and College St. 
 
 
 
 
 Hranch 
 
 J. II. Horsey, Manager.... 
 
 
 It 
 
 iMri-RiAi. Hank 
 
 D. R. Wilkie, Cashier.... 
 
 ■ 
 
 tl 
 
 " Cor. \onge 
 
 B. Jennings, As.st. Cashier. . 
 
 -Bain, Laidlaw & Kappclle. 
 
 
 and <^)ueen Sts 
 
 O. K. Rice, Manager 
 
 CI 
 It 
 
 liK.oi- Toronto (North) 
 
 (1. B. Brown, Acting Mgr. . 
 Duncan Coulson, Cashier . . 
 
 ] Beatty, Chadwick, Hlack- 
 f stock and Cialt. 
 
 If 
 (i 
 
 
 Hugh Leach, A.ssl. Cashier 
 
 
 King St. West Hranch 
 
 J. T. M. Hurnsidc, Manager 
 
 
 If 
 
 Tradk.rs Hank 
 
 H. S. Str.-ithy, C.en. Mgr . . 
 
 A. H. I'-. Lefroy. 
 
 CI 
 
 Hank of Montreal 
 
 C. Brough, Manager 
 
 
 11 
 
 Hank of H. N. .America 
 
 Wm. (irindl.ay, .Manager .. 
 
 
 11 
 
 Merchants Hank of Can. 
 
 Wm. Cooke, Manager .... 
 
 
 CI 
 
 a 
 
 K. K. lleliden Asst. .Mgr.. 
 
 
 If 
 
 (Quebec Bank 
 
 W. 1'. Sloane, Manager.... 
 
 F. W. Kingstone. 
 
 1( 
 
 M Olsons Bank 
 
 C. A. I'ipon, Manager .... 
 W. 11. Draper, .'Vssl. Manager 
 
 Morris & McNabb. 
 
 " \V. Junction. 
 
 Molsons Bank 
 
 A. A. C. Denovan, Manager. 
 
 Krnest Heaton. 
 
 '* 
 
 I.a Hantpie Nationale .. 
 
 Bank of Toronto, .Agent .... 
 
 
 '* 
 
 Union Hank of Canada. 
 
 I. O. Buchanan, .Mgr 
 
 
 t ( 
 
 Hank of 1 lamilton .... 
 
 K. Buchan, .Agent 
 
 McCarthy, Osier, Etc. 
 
 Trenton, O 
 
 Molsons Hank 
 
 H. B. Wilson, .Man.ager. . . . 
 
 ,A. I'"orbes. 
 
 Truro, N.S 
 
 Merchants Hank of Hal. 
 
 Martin Dickie, .Agent 
 
 Thos. A. H. Mason, Agent 
 
 
 t( 
 
 I lalifax Hanking Co .... 
 
 (jco. Campbell. 
 
 Uxhridgc, O 
 
 Dominion Hank 
 
 K. Ross, .Agent 
 
 T. W. Chappie. 
 
 Valley Held, (^) 
 
 Han<|iie laciines Carlier 
 
 V. de Marligny, Manager. 
 
 Seers & Laurendeau. 
 
 ii 
 
 Han<|iie D'llochclaga .. 
 
 >S. Kortier, Manager 
 
 
 Vancouver, li. C . . . . 
 
 Hank of Hrit. CoUnnhia. 
 
 r. C. Keith, .Manager 
 
 
 (( 
 
 Bank of H. N. .America 
 
 1). Simpson, .Agent 
 
 
 t( 
 
 Hank of Montreal 
 
 C. Sweeny, Manager 
 
 Stephen O. Richards. 
 
 Viinkloek Hill, ()... 
 
 Hantpie D'liochelaga. . 
 
 Wm. I'Vrguson, Man.ager.. 
 
 
 Victoria, H. C" 
 
 Bank of H.N. America. . 
 
 C.avin H. liurns. Manager.. 
 
 
 ti *i 
 
 Bk. HrhisiiCohmiiia. 
 
 W. C. Ward, Manager 
 
 Ceo. (iillespie, .Asst. Mgr.. 
 
 Drake, Jackson & Helmcken. 
 
 Victoriavillc, () 
 
 Hancpic Jac(|ues (artier.. 
 
 .A. Marchand, Manager .... 
 
 Crepcau It, Melhol. 
 
 Walkcrton, I) 
 
 Merchants Hank of Can. 
 
 [. C. I'atcrson, Manager. . . . 
 G. W. McKee, Manager.. 
 
 
 tt 
 
 Bank of ("onnneroe. . . . 
 
 V. Col(|uhoun, Notary. 
 
 Wallacclmrg, O . . . . 
 
 Bank of Montreal 
 
 D. Glass, Manager 
 
 John S. Kra.ser. 
 
 Waterloo, (^) 
 
 K. Townships Hank .... 
 
 W. ]. Briggs, Manager.... 
 
 
 Waterloo, O 
 
 Molsons Hank 
 
 |. Hes|iek'r, Manager 
 
 W. 11. liowlby. 
 
 Watford, () 
 
 Traders Hank 
 
 Jas. Watson, .Manager.... 
 
 Lister \ Cowan. 
 
 Wellaml, C) 
 
 Imjierial Hank 
 
 G. C. Kaslon, Manager..,. 
 
 Ilarcourl & Cowper. 
 
 Woslville, N.S 
 
 Hank of Nova Scotia .... 
 
 Sul). to Slellarton 
 
 
 West Winchester, O. 
 
 Union liank of Can . . . 
 
 .S. I.. I'orest, .Manager.... 
 
 
 Weymouth, X. S. . . . 
 Whitbv. () ... 
 
 Merchants Hank of Hal. 
 
 1). Kemp, .Agent 
 
 
 ( )nt.Trio Hank . . 
 
 W. Beith, Manager 
 
 W. K. Carswell, .Agent.... 
 
 
 
 Dominion Bank 
 
 G. V. Smith. 
 
 " 
 
 West em Hank of Can. . 
 
 Thos. Dow, Manager 
 
 
 Winchester, I) 
 
 Union Hank of Can . . . . 
 
 S. L. I'orest. Manager.... 
 
 
 
 
 Wm. Kingsley, Mgr 
 
 H. li. Walker, Manager.... 
 
 
 
 Bank of Conunerce . . . . 
 
 1). Dougall. 
 
 Windsor, N. S 
 
 COMMKRI lAl.liANKof W 
 
 Walter Lawson, ( ashier. . . . 
 
 .Aubrey Hlanchard. 
 
 (1 K 
 
 Halifax Banking Co. . . . 
 
 |. A. Russell, Agent 
 
 W. M. Christie. 
 
 Win^;hani, () 
 
 Winnipeg, Man 
 
 Bank of Hamilton 
 
 CUMMEKLIAI. Bk.jMaN. 
 
 B. Wilson, Agent 
 
 
 Duncan Mac.Arlhitr, Mgr. . 
 
 Archibald, 1 lowel& Sutherland 
 
"Ti 
 
 CirAUTKKED Banks: Thkik MAXAfiKus and Solicitors. 
 
 41 
 
 v; Kaiipclle. 
 
 Cri'Y OK Town. 
 
 Winnipeg, Man. 
 
 Woodstoclc, O. . 
 
 Woodstock, N.B 
 
 Wolfvillc, N. S. 
 N'aiinoulli, N. S 
 
 Name or Kank. 
 
 Merchants Kank of Can. 
 
 Hank of Montreal 
 
 Imperial Hank 
 
 Hank of Ottawa 
 
 Union Hank of (an ... . 
 Hank of H.N. America. . 
 Hank of (Onunerce. . . . 
 
 Imperial Hank 
 
 Molsons Hank 
 
 Hank of Nova Scotia . . . . 
 People's Hank of Halifax, 
 Merciiants Hank of Ilal. 
 reople',s Hank of Ilal.. 
 Hank oi- N'akmoi: rii . . 
 Hank of Nova Scotia. . . . 
 K.\( IIANCE liANli 
 
 Oiki(:ri{ in Ciiakce. 
 
 D. Miller, Manager 
 
 A. Wickson, Assl. Manager. 
 [a.s. Hogg, Manager... 
 C. S. Iloare, .Manager 
 K. H. Matliewson, Manage 
 F. L. I'alton, .Manager. 
 II. M. Hreedon, .Manager 
 I). II. (_!liarles, .Manager. 
 S. H. I''uller, Man.ager. 
 C. M. .McCiiaig, Manager 
 II. A. I'lennning, .Agent. 
 
 ('.. II. White, .Xgenl 
 
 W. R. Kacey, .Agent . . . 
 (i. W. Munro, .Agent . . . 
 T. W. Johns, Cashier . 
 I. II. Loniliard, Agent. 
 .A. .S. Murray, ("ashier. 
 
 Solicitors. 
 
 .Aikins, Culver & Co. 
 Aikins, Culver it Co. 
 
 I'inkle \ McKay. 
 Hall iV Hall. 
 
 Heard, Nellis it Newell. 
 Fisher iV Connell. 
 A. H. Connell. 
 
 J. .S. Crawley. 
 
 T. \'. H. Hingay it Sons. 
 
 T. H. Crosby. 
 
 T. V. H. Hingay & Sons. 
 
 son. 
 
 d& Sutherland 
 
42 
 
 CuAHTEREi) Banks Susi-endei"). 
 
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Private Banlcs and Banking Conipani(3S. 
 
 ;(o):^ 
 
 03SrT-A.I^ I o. 
 
 Town and County. 
 
 Ailsa CraiK, Middlesex. 
 
 AUiston, .Simcoe 
 
 Alvinstiin, Lambton... 
 .\mherstlnirg, Essex... 
 
 .Xrthur, Wellington 
 
 .Vylnier, Elgin 
 
 Harrie, .Simcoe 
 
 Heaverton, Ontario.... 
 liellevillc, Hastings. . . 
 Hehnont, Mi(ldle.scx. . . 
 
 Hlcnheim, Kent 
 
 Klyth, Huron 
 
 liuthwcll, Kent 
 
 Hraccbridge, Muskoka. 
 
 Hrijjden, Lambton 
 
 lirockville, Leeds 
 
 linissels, Huron 
 
 Chatham, Kent 
 
 Chesley, Bruce 
 
 Chi[)pawa, Welland 
 
 ( larksburg, Cirey 
 
 Clinton, Huron 
 
 ( obnurg, Xorthumberland. 
 
 Comber, Es.sex 
 
 Cieemore, .Simcoe 
 
 De.seronto, Hastings. . . 
 Drayton, Wellington.. 
 
 Dresden, Kent 
 
 Duai;, Kent 
 
 Uundalk, Croy 
 
 Uunnville, Haldimand. 
 Dutton, Elgin 
 
 Ilora, Wellington. . . . 
 
 Eml)ro, Oxford 
 
 Essex Centre, Essex . 
 
 Exeter, Huron 
 
 Fergus, Wellington . . . 
 
 I'lesherton, (Irey 
 
 I'lorence, Lambton . . , 
 Forest, Lambton 
 
 (iatt, Waterloo 
 
 (Ilencoe, Middlesex 
 
 (lorrie, Huron 
 
 Crand Nalley, Wellington. 
 Cuelph, Wellington 
 
 laniilton, Wcntworth., 
 
 Owerf «& Co 
 
 .Shipley & Co 
 
 Hurk & Ciraliani 
 
 Conn's Hanking House. 
 
 Loftus Cuddie 
 
 I'eter Lillico 
 
 Murray's Hank 
 
 I. C. McKeggie & Co . . 
 
 lilack & Co 
 
 W. E. Thompson 
 
 \. Allison 
 
 T. K. Jackson 
 
 Lucas, Tanner & Co . . . 
 
 Clarke & Sons 
 
 Alfred Hunt 
 
 Hrigden Hanking Co.. . . 
 
 C. T. Fulford & Co 
 
 Mcintosh iV McTaggart. 
 .S. liarfoot's Hanking Oflice 
 1. H. Elliott &Co 
 
 Name ok Bank. 
 
 [ames F. Macklem 
 
 Heaver \'alley Hanking Co 
 
 Farran & Tisdall 
 
 I'". 1 louse 
 
 Westland & Xichol 
 
 Hurk i\: (jrahaui 
 
 J. C. McKeggie & Co 
 
 The Rathbun Co 
 
 Whealey & Schwendeniain 
 
 (. W. Sharpe 
 
 Kidley & Hury 
 
 Wm. Lucas & Co 
 
 W. F. Haskins &, Co 
 
 A. U. C. Black 
 
 A. M. Mclnlyre 
 
 Pool, I lockin &, Co 
 
 l-'arniers' Banking House.. 
 
 James Mimro 
 
 John Milne 
 
 B. S. O'Xeil 
 
 Beatties' Hanking House . . 
 Mitchell's Banking House. 
 
 Isaac Unsworth 
 
 M. I''leming 
 
 L. H. Smith* Co 
 
 j. M. Irvine 
 
 1 larrison & Rathburn 
 
 lohn Kaine . 
 
 Richardson's B'k'g Office., 
 
 Charles V.. Howitt 
 
 (1. A. Oxnard 
 
 C. M. Counscll 
 
 Charles E. Morgan 
 
 .Stinson's Bank ,.,....,.. 
 
 Manacek. 
 
 . T. Owen 
 
 A. A. Burk . . . 
 f. Conn & Co. 
 
 R. i;. Lillico 
 
 W. v.. Murray. . . . 
 J. H. McKeggie. . 
 Benjamin Madill. 
 
 A. Allison 
 
 D. MacLachlan. . . . 
 Charles E. Tanner, 
 rhos. E. Clarke... 
 
 W. J. Ward.... 
 
 A. 
 
 M. Mcintosh. 
 F. Falls 
 
 Walter Hunter 
 
 [. I'entland Tisdall. 
 
 Thos. H. Ridley... 
 
 E. Ci. Lucas 
 
 W. T. Haskins 
 
 Gale & Archibald. 
 
 John Heattic 
 
 tieorge Mitchell. 
 
 Henry Barron. . . 
 Montague Smith. 
 
 Alex. Richardson. 
 A. Hradshaw . . . . 
 
 AcKNT.s Ok 
 
 CORRESl'ONDENTS. 
 
 Merchants Bank of Canada. 
 
 Molsons Hank. 
 
 .Merchants Bank of Canada. 
 
 A. J. Westland 
 
 J. A. Ciraham 
 
 [, McEachern 
 
 F. .S. Rathbun 
 
 Wm. Salter 
 
 Am. V.x. Nat. Bank, N. Y. 
 Merchants Bank of Canada. 
 Bank of B. N. America. 
 Standard Hank. 
 Merchants Hank of Canada. 
 Traders Hank of Canada. 
 .Merchants Hank of Canada. 
 Molsons Hank. 
 Merchants Hank of Canada. 
 Dominion Hank. 
 Molsons Hank. 
 Chatham Nat. Hank, N. \. 
 Importers&Traders Hk. N. \'. 
 Merchants Bank of Canada. 
 Importers & Traders Natl 
 
 Bank, N.V. 
 W. H. Hunter it Co., N. V. 
 Bank of Toronto. 
 Merchants Bank of Canada. 
 Watson it Lang, N.\'. 
 Merchants Bank of Canada. 
 Molsons Bank. 
 Hank of H. N. .\mcrica. 
 Wat.son & Lang, N.^'. 
 Importers & Traders Nal'l 
 
 ISank, N.V. 
 Merchants Bank of Canada. 
 
 fames btinson , 
 
 Molsons Bank. 
 
 Imperial Hank of Canada. 
 
 Imperial Bank of Canada. 
 
 Molsons Hank. 
 
 Merchants Bank of Canada. 
 
 Molsons Bank. 
 
 Imperial Hank of Canada. 
 
 Merchants Bank of Canada. 
 
 .-\m. Ex. Nat. Bank, N.\'. 
 
 Merchants Bank of Canada. 
 
 Molsons Hank. 
 
 Merchants Bank of Canada. 
 
 Molsons Bank. 
 
 Standard Bank. 
 
 Bank of Hamilton. 
 
 (ioudby & Laird, N.Y. 
 Alfred Kimber & Co., N. V. 
 National I'ark Hank, N. V. 
 Chemical Nal'l Bank, N,V, 
 
44 
 
 PuiVATE Banks and JiANKiNc; Companies. 
 
 Town and County. 
 
 Hanover, Hruco. . 
 Hensall, Huron.'. 
 Higligate, Kent. . 
 Ingersoll, O.xfortl . 
 
 Kincardine, Ilriice . . 
 Kingston, Krontenac. 
 
 Kingsvilie, Essex . 
 Leamington, " . 
 Listowcll, I'crth. . 
 
 Lucan, Middlesex. 
 
 Lucknow, lirucc 
 
 Lyndcn, Wcntworth 
 
 Madoc, Hastings 
 
 Markdalo, Oxvy 
 
 Marmora, 1 laslings 
 
 Mililmay, Uruce 
 
 Millbrook, Durham 
 
 Mount Koiest, Wellington. 
 Niagara Kalis, Welland . . . 
 
 Norwood, l'ctcrl>fjro' 
 
 Oakville, Halton 
 
 Orangeville, Duffcrin. 
 
 Orillia, .Simcoe 
 
 Orono, Durham 
 
 Ottawa, Carlcton 
 
 Otterville, (Oxford. . 
 Owen Sound, drey. 
 
 Paisley, Hruce 
 
 I'almerston, Wellington . 
 I'arkhill, Middlesex 
 
 I'enelanguishcne, Simcoe 
 
 I'etrolia, Lambton 
 
 I'icton, I'rincc Kdward.... 
 Port .Vrtluir, .Mgoma. . . . . 
 
 Port I'.lgin, Mruce 
 
 Port Hope, Durham 
 
 Port Perry, Ontario 
 
 Port Rowan, Norfolk 
 
 Preston, Waterloo 
 
 Kat Portage, Rainy River 
 
 District 
 
 Ridgetown, Kent 
 
 Ripley, Prucc 
 
 Rodney, Islgin 
 
 Seaforth, Huron. 
 
 Shellnirne, Duflerin. 
 Simcoe, Norfolk . . . 
 Stayner, Simcoe . . . 
 
 St. Catharines, Lincoln. 
 
 .St. George, Prant 
 
 Stirling, Hastings 
 
 St. Mary's, Perth 
 
 StouflVille, York 
 
 Stratford, Perth , . 
 
 Na.mic oi- Pank. 
 
 McNally & Adams 
 
 McArlhur&C'o 
 
 (iillis & Keycroft 
 
 .'\. N. Christopher 
 
 J . C. Norsworthy 
 
 J. W. Rapley \Co 
 
 I'olger Mros 
 
 Donald Kraser 
 
 Mills* Kent 
 
 Smart's Hanking House.. 
 
 Thomas Puller 
 
 cler Lillico 
 
 J. W. Scott 
 
 R. & J. Fox 
 
 R. 11. O'Neil & Son 
 
 Lucknow Hanking Co. . . . 
 
 |ohii Haird 
 
 K. D. O'Klynn 
 
 Win. Lucas & Co 
 
 .\. W. Carscallan 
 
 Carrick Hanking Co 
 
 T. H. Collins & Co 
 
 I. A. Halsted &. Co 
 
 Ci. II. Howard it Co. . . . 
 . (i. I'itzt iihlion & Co . . . 
 C. W. Anderson it Son 
 •Vndrew it I lowarth 
 
 I. S. Fead 
 
 . C. Smith 
 
 ( )r(mo Hanking House. . . . 
 
 .Machray & Co 
 
 Hehoington, Dean &. Co. . 
 
 Robert I'axton 
 
 Farmers' Loan & Deposit 
 
 (■{) 
 
 (Jeo. .S. Kilbourn it Co. . 
 
 Porteous & .Saunders 
 
 J. W. Scott 
 
 McTaggart it Co 
 
 arkhill Hanking Co 
 
 H. 11. Thompson 
 
 \'aiighn it I'airhank 
 
 \. .S. ( arson 
 
 Kay, Street & Co 
 
 II. A. Allen 
 
 Midland Hanking Co.... 
 
 )aniel j. .\dams 
 
 '. .S. Killmaster 
 
 K. J. Checkley & Co 
 
 Thomas Ho warth . 
 
 .\lloway it Champion.... 
 
 Flliott it Co 
 
 Hruce Hanking House .... 
 
 T. W. Kirkpatrick 
 
 S. H. Morris it Co 
 
 I'armers" Hank 
 
 North .\ineriran H'k'g Co. 
 
 |. A. Halsted & Co 
 
 II. II. lirotV 
 
 I.e. McKeggie&Co 
 
 Rogers it Co 
 
 L. II. Collard 
 
 j. R. I.awrason 
 
 Faulkner's Hanking House. 
 Mclntyre's Hanking Office. 
 
 Miller & Co 
 
 W. Mowat & Son.,,. . . 
 
 Manackk. 
 
 Henry Arnold 
 [ohn D. ( Iillis. 
 
 J. II. Smart 
 
 P. Phillips 
 
 R. L. I.illico... 
 
 lohn l-'ox 
 
 F. A O'Neil . . . . 
 Ceo. A. Siddall. 
 
 Charles .Schurley . 
 T. H. Collins... 
 J. A. Halsted... 
 
 .See card 
 
 W. W. Trull 
 
 Robt. Machray.. . . 
 F. iiebbington .. . . 
 
 Telford & Co, 
 
 K. .Saunders 
 
 C. R. Knight 
 
 D. II. Cameron . . . 
 I'liomas L. Rogers 
 
 R. Morris 
 
 s/w.' iiAy.'.'.'.'.'.'.. 
 
 A. Miller 
 
 S. Patcrson & Pros. 
 
 C. R. Ilanning. 
 
 Sec back cover. . . 
 
 A. F.Iliolt 
 
 S. T. Jacksim . . . 
 
 l.ogan it Co. 
 I. C. Smith . 
 "A. E. Smith. 
 
 J. A. Camertm. 
 R. Rogers. 
 
 (i. W. Faulkner 
 ( 
 
 .ACKNIS OK 
 CoRKK.Sl'ONI)ENrS. 
 
 Merchants Hank of Canada. 
 
 Hank of Montreal. 
 
 Traders Hank of Canada. 
 
 Chemical Nat'l Hank, N.Y. 
 Nat'l I'.ark Hank, N.V. 
 
 Imperial Hank of Canada. 
 Merchants Hank of Canada. 
 Am. Fx. Nat'l Hank, N.V. 
 Hoody, McLellan & Co., 
 
 N.V. 
 Can. Hank of Commerce. 
 .Merchants Hank of Canada. 
 Molsons Hank. 
 Standard Hank of Canada. 
 Merchanls Hank of Canada. 
 Molsons Hank. 
 Dominion Hank. 
 Can. Hank of Commerce. 
 .Vm. l'.\. Nat. Hank, N.V. 
 .Merchants Hank of Canada. 
 White, Morris it Co., N.V. 
 Can. Hank of I'ommercc. 
 Hoody, McLellan it Co., N.V. 
 Ontario Hank. 
 Hank of Hamilton, Can. 
 
 Ontario Hank. 
 Merchants Hank of Canada. 
 See caril. 
 .Molsons Bank. 
 
 Merchants Hank of Canada. 
 
 Hoody, McLellan it Co., N.V. 
 Hank of Montreal. 
 Watson it Lang, N.V. 
 Imperial Hank of Canada. 
 .Vm. i:\. Nat. Hank, N.N'. 
 
 .Merchants Hank of Canada. 
 
 It ti 41 
 
 Nat. Bank of Commerce, N. \'. 
 
 Can. Hank of Commerce. 
 .Mcrcliants Hank of Canada. 
 
 Merchants Hank of Canada. 
 
 Molsons Hank. 
 
 Merchants Hank of Canada. 
 
 Molsons Hank. 
 
 Hank of Montreal. 
 
 Can. Hank of Commerce. 
 
 Merchants Hank of Canada. 
 
 Hank of Hamilton. 
 
 Hank of H. N. .Vmerica. 
 
 Laird it (iray, N.\'. 
 
 (ioodby &. Laird, N.V. 
 
 Merchants Hank of Canada. 
 
 Watson it Lang, N.V. 
 II. Mclntyre ....I Hank of Montreal, 
 W. C. Hamilton. ... jlmperial Hank ofCanada. 
 iHoody, .McLellan&Co.,N.V 
 
Private Banks and BANKixfi Companies. 
 
 46 
 
 ; OR 
 
 S DENTS. 
 
 ; of Canada. 
 
 al. 
 
 f Canada. 
 
 Bank, N.Y. 
 <, N.V. 
 
 jf Canada. 
 ; of Canada. 
 Hank, N.V. 
 Ian & Co., 
 
 'omMicrcc. 
 i of Canada. 
 
 of Canada, 
 k of Canada. 
 
 k. 
 iininicrcc. 
 ianU, N.V. 
 k of Canada. 
 & Co., N.V. 
 .'onnncrco. 
 in&Co. ,N.\'. 
 
 ion, Can. 
 
 Town anu County. 
 
 .Stratliroy, Middlesex . 
 St. Thomas, Elgin . . . 
 " " " . . . 
 
 Sunderland, Ontario. . 
 
 i'ara, Hruct 
 
 Tccsw.itfr, Hnice . . . . 
 I lianiesville, Kent . . . 
 riuMlfoKl, l.anihliin . . 
 
 rillmry CciUre 
 
 ri]r<mlo, \'orli 
 
 Treiilon, I laslinjjs . 
 '1 weed, llaslinjjs. . . 
 I'nionville, \'orl< . . . 
 I'.xbridge, Ontario. 
 
 Wallacelmrj;, Kent. 
 
 \\ alerdown, Wenlworlli . 
 
 Walirford, Norfolk 
 
 Watford, Lamhlon 
 
 W i.irton, (Jrey 
 
 Winilsor, Ksscx 
 
 Wyoinint;, l.and)lon . . . 
 
 Namk, OK Hank. 
 
 K. Rowland & Co . . . 
 Claris liankinj; House. 
 
 Ceo. II. .Morton 
 
 Doble* Co 
 
 \V. \aiidu.sen 
 
 \V. H. Tisdale 
 
 Mayhew it llarmer. . . . 
 
 Robert Rae 
 
 lames .Stewart 
 
 Robert Meaty & Co. . . 
 C. S. Clzowski, jr 
 
 I.ownesbroii^h it Co.... 
 Stewart's Hanking; House. 
 
 Tweed Hanking; Co 
 
 j. .Stephenson it Co 
 
 \V. S. Mlaek it Co 
 
 I. [. Could it liros 
 
 "Steinhoff it l.illie 
 
 \V. ( ). Sealey 
 
 I,. Hccker it Co 
 
 Wynne's Hanking; ORicc 
 
 ( i. \V. .Xnies it Co 
 
 I'^sse.x County Hank 
 
 Alfrc.l Westland 
 
 Manacick. 
 
 Ceo. T. Claris. 
 
 \V. J. Fawcett. 
 
 J. H. .Stewart 
 
 Kaulkncrft .McClellan 
 
 W. .Smith . . 
 J. I. (Jould. 
 John I.illie. 
 
 L. H. Slaghl. 
 (i. II. Wynne 
 
 John Curry. 
 
 Ar.KNTS OR 
 COjjKESl'ONDENTS. 
 
 Am. Nat. Kx. Hank, N.V. 
 Henry Clewes & Co., N.V. 
 Imperial Hank of tlanada. 
 
 Merchants Hank of Canada. 
 
 Merchants Hank of Canada. 
 Oilman, .Son & Co., N.\'. 
 Hank of New York, N.H.A., 
 
 N.V. 
 National I'ark Hank, N.V. 
 .Merchants Hank of Canada. 
 
 Watson & Lanj;, N.\'. 
 
 Citizen's Savings Hank, 
 Detroit. 
 
 Can. Hank of Connnerce. 
 Merchants Hank of C'anada. 
 
 Molsons Hank. 
 
 m 
 
 k of Canada. 
 
 QTJEBEO. 
 
 lU ttf Canada. 
 
 an iV Co., N.V. 
 eal. 
 
 g, N.V. 
 ol Canada. 
 Hank, N.V. 
 
 ik of Canada. 
 1 1 
 
 mimercc,N.V. 
 
 Commerce, 
 ik of Canada. 
 
 Ilk of Canada. 
 
 nk of Canada. 
 
 real. 
 
 ( ommerce. 
 nk of Canad;!. 
 ilton. 
 
 . .\nierica. 
 , N.V. 
 ird, N.V. 
 Ilk of Canada 
 nt;, N.V. 
 [real, 
 
 k of Cana<la. 
 llan&Co.,N.^ 
 
 Huntingdon, Huntingdon 
 Montreal, I lochelaga 
 
 (Quebec, (^)ucl)et 
 
 Sorel, Richelieu ... 
 
 Stanbridge, Ka.st Missi.siiuoi 
 
 Si.I'rancois du Lac \'amaska 
 
 Cartier 
 
 St. John, St. John. 
 
 Ua ifax, Halifax. 
 
 Huntingdon Co. Hank. 
 
 O. R. Marler 
 
 J. H. I'icken it Co 
 
 Wm. Weir it .Sons. . . . 
 
 Montreal (^leariiig .Vssoc'n 
 
 Daniel Mctiie it Son 
 
 .'\. A. Taillon 
 
 .\. H. Cilmoiir 
 
 (.iill, Laraiiiee it Co. 
 
 Andrew Somerville. 
 
 Dora (iilinour 
 
 A. I'hillips. 
 
 Bank of H. N. A. 
 National I'ark Bank. 
 4th National Hank, N.V. 
 National Hank of the Re- 
 public, N.V. 
 
 Can. Hank of Commerce. 
 .Merchants Hank of Canada. 
 Hank of .Montreal. 
 
 ITE^W BI^TJnsrS'VT'IOKL 
 
 Hl.air & Co 
 
 D. C. Clinch . . . 
 (ieo. Philips . . . 
 J. M. Robin.son 
 
 National Park Bank, N.V. 
 " City Hank, N.v! 
 Blackslow Nat. Hank, Bos. 
 Chemical Nat. Bank, N.V. 
 
 l<TO-\r.A. SOOTI.A.. 
 
 Far(|uhar, I'orrest it Ci; 
 W. I,. Lowell iS: Co . , 
 J. C. Mackintosh 
 
 First National Bank, N.V. 
 Nesslage, Colgate & Co. , N. y. 
 Zimmerman & I'orshay, N.'V. 
 
46 
 
 PiiiVATE Banks anu Banking Companies. 
 
 :M:.A.3sriTOB.A.. 
 
 Town and County. 
 
 Hirtle, Shoal Lake 
 
 Hoissevain, Turtle Mountain 
 Carberry, Norfolk 
 
 4( 41 
 
 Deloraine, Turtle Mountain 
 
 Emerson, Manchester 
 
 Ciladstone, Westhourne 
 
 (ilenboro, Norfolk 
 
 (iretna, Manchester 
 
 Manitou, Dufferin 
 
 Neepawa, Heautiful I'lains .. 
 Pilot Mound, Rock Lake. . 
 Portage La Prairie, Portage 
 
 La Prairie 
 
 Portage La Prairie, Portage 
 
 La Prairie 
 
 Virden, Dennis.. 
 
 Winnipeg, .Selkirk 
 
 Namk ok Hank. 
 
 D. W. Cumniing 
 
 Cowan iV Co 
 
 Allan Hrydges & Co. . 
 
 K. Logan & Co 
 
 A. F. & K. T. Stuart. 
 Duncan McArthur. . . 
 W. S. liailey & Co. . . 
 R. Logan & Co. . . . . . 
 
 Penner .Siemens i!i Co. 
 
 Cruthers &, Co 
 
 1). 11. Harrison 
 
 I'raser & Co 
 
 Alloway & Champion 
 
 James McLcnaghen & Co 
 
 Adamson & Co 
 
 Allan Hrydges & Co 
 
 Alloway iV Champion. . . . 
 
 Manackk. 
 
 Wm. Cowan . 
 Wm. Logan. 
 
 J. A. Smith. 
 
 S. Cruthers. . . 
 A. M. Dalton. 
 J. M. I'raser. . 
 
 R. Stidston. . . 
 
 See in.side liack cover. 
 
 Ar.KNl'S OR 
 CORKESI'ONDKNTS. 
 
 Merchants Bank of Canada. 
 
 Hank of Montreal. 
 Imperial Hank of Canada. 
 Merchants Hank of Canada. 
 Commercial Hank .Manitoba. 
 Hank of Montreal. 
 Hanover Nat. Hank, N.Y. 
 Im|)erial Hank of Canada. 
 Merchants Hank of Canada. 
 Union Hank of Canada. 
 
 Merchants Hank of Canada. 
 
 Hank of Montreal. 
 Commercial Hank, Manitoba 
 .Merchants Hank of Canada. 
 
 BI^ITISH: OOX.TJ3^d:BI.A.. 
 
 Vancouver. 
 Victoria . . . 
 
 Hewicke I'v Wulffsohn . 
 
 Lafterty I'i Moore 
 
 (jaresche, Ureen & Co. 
 
 W. K. Green . 
 
 C. U. Richard & Co., N.V. 
 Wells, Fargo & Co., N.V. 
 
 3SrOI?,TI3:-"VsrE!ST TERIilTOIilES. 
 
 Calgary, Alberta 
 
 Edmonton, " 
 
 44 44 
 
 Lethbridge, " 
 
 McLcod, " 
 
 Moosomin, Assinilxiia 
 
 44 44 
 
 Prince Albert, .Saskatchewan 
 Qu'Appelle, Assiniboia . . . . 
 
 (4 44 
 
 Regina, " . . . . 
 
 Latferty i.\; Moore. . 
 
 P. Daly 
 
 LafTerty & Moore. . 
 
 Cowdry Hros 
 
 Lafterty & M(X)rc 
 
 Le jeune, .Smith & Co. . 
 Mac.'Vrthur iV Knowles.. 
 Hruce, McDonald vV Co. 
 
 S. H. Caswell 
 
 Lafterty i.\: Moore 
 
 Le Jeune, .Smith tfe Co. . 
 
 C 1' . Strang . . . . 
 ( ieo. W. Lalferty 
 
 J. Cowdry 
 
 F. K. (iibson. . . . 
 
 P. G. Gray. 
 
 E. W. Brine 
 
 W. R. Robertson. 
 
 Hank of .Montreal. 
 Commercial Hank of .Man. 
 Hank of Montreal. 
 
 (4 44 
 
 Merchants H:xnk of Canada. 
 Hank of Montreal. 
 
 Merchants Bank of Canada. 
 Imperial Hank of Can.ida. 
 Merchants Hank of Canada. 
 Bank of Montreal. 
 
LIST OF BANK SOLICITORS AND COMMERCIAL LAWYERS. 
 
 Ci I V OR Town. Namk ok Firm. 
 
 Alliston, O T. J. Fisher. 
 
 Alimmte, () Macdonell iV: Kraser. 
 
 Ainhersl, N..S Tiiwiishfiiil, Dickie & Rogers. 
 
 " W. T. l'i|)es. 
 
 Annapolis, N.S Ritchie k Ritchie. 
 
 .Anlifjonish, N.,S....t'. T. Mrlsaac. 
 
 Arnprior, O R. Dulinajje. 
 
 ■Ayhner, O Miller & Haekliouse. 
 
 " t'rawfonl it 1 laines. 
 
 liarrie, O II. S. .S(rath), ().C. 
 
 " McCarthy, I'epler^: .McCarthy. 
 
 Harrington, N.S N. \V. White. 
 
 lieauharnois, (^. . . . L. A. Seers, 
 lielleville, O John Hell, (,).C. 
 
 J. J. li. Flint. 
 
 R. C. (lute. 
 
 lierlin, O John King. 
 
 Bownianville, O . . . . I), li. Simpson, 
 lirandon, M Murphy it .\lorphy. 
 
 Daly iS: Caldwell. 
 
 lirantford, O Hardy, Wilkes iV Jones. 
 
 II. McK. Wilson, Q.C. 
 
 Bridgetown, O T. D. Ruggles. 
 
 Uridgewater, O F. li. Wade. 
 
 lirockville, O Fraser iV Reynolds. 
 
 J. 1). liiiel. 
 
 Calgary, Alberta .... Lougheed <.\; McCarthy. 
 Camphellton, N.S. . .McAllister & .Mott. 
 Carleton I'lace, O. . .J. Patterson. 
 
 Cayuga, O C. (i. .Snider. 
 
 Charlottetown.P.E.I.Davies i\: Sutherland. 
 " I'almer & Mcl.eod. 
 
 Clwitham, O .M. Wilson. 
 
 " Wni. Douglas. 
 
 Chatham, N.H W. C. Winslow. 
 
 " L. !. Tweedie. 
 
 Chesley, O J. 11. Mickle. 
 
 Clinton, O C. A. I lajtt. 
 
 Cohourg, O W. Kerr. 
 
 H. T. Holland. 
 
 Collingwood, O . . . . Moberly S: (lanion. 
 ....H. Robertson. 
 
 Cornwall, O McLellan, Liddell i\: Cline. 
 
 " Leitch & I'ringle. 
 
 Digby, N..S R. ( !. Monroe. 
 
 Drayton, O A. .S. Down. 
 
 Dnnimiondville, (,) L. A. Seers. 
 
 Dundas, O Osier & (Iwyn. 
 
 Duunville, O Snider iV Snider. 
 
 Kxeter, O B. V. Klliott. 
 
 Fergus, () J. C. Donaldson. 
 
 I'raserville, Q 1'. \'. Tache. 
 
 I'redericton, N.H. . . . E. Hyron Winslow. 
 " ....John lilack. 
 
 Calt, O Hall iV Millic.in. 
 
 Cauanocpie, O I'reenian Hritton. 
 
 licorgetown, O Ci. S. ( loodwillie. 
 
 ( dencoc, O Alex. Stuart. 
 
 Cdderich, O Cameron iS; Holt. 
 
 C<uelph, O Field & Wissler. 
 
 " Thos. W. Saunders. 
 
 D. Guthrie, Q.C. 
 
 City ok Town. Namk or Firm. 
 
 Halifax, N. S liorden, I'arker, Ritchie & 
 
 ( hisholm. 
 
 " " A. F. Silver. 
 
 " " Henry, Ritchie & Henry. 
 
 " " I'eter Lynch. 
 
 Hamilton, C) Hruce, Hurlon &. Bruce. 
 
 " James I'arkes. 
 
 " McKelcan, ( iibson & Can.sliy. 
 
 " Crerar, Crerar iV Hankier. 
 
 Ingersoll, O M. Walsh. 
 
 " I legler iV Jackson. 
 
 Jarvis, O C. {■. .Snider. 
 
 Joliette, q J. M. Tellier. 
 
 Kentville, N.,S John 1'. Chipnian. 
 
 Kingston, O (1. M. Macdonnell. 
 
 Lindsay, O Mr. Hopkins. 
 
 " Hudspeth it Jackson. 
 
 J. A. liarron. 
 
 Listowell, O Darling iV Maybee. 
 
 L<ickport, N. S N. W. While. 
 
 London, O T. C. & W. R. Meredith. 
 
 " Cronyn it Hetts. 
 
 " Magee it 'Ihomas. 
 
 T. H. I'urdon, Q.C. 
 
 L\Mienburg, N. .S. . . ..S. A. Chesley. 
 
 Meuford, O Wilson it Evans. 
 
 .Milton, O J. W. Cam|)bell. 
 
 Minnedosa, M Alex. Stewart. 
 
 .Moncton, N.B Jas. Keay. 
 
 Montreal, () Heiipie, Lafontaine & Turgeon 
 
 " (leoffrion, Dorion \- Allan. 
 
 " Abbott, Campbell it .Meredith 
 
 " Lacoste, Hesailhm, lirosseau & 
 
 Lajoie. 
 
 E. Lafleur. 
 
 " Hon. R. Laflamme. 
 
 J. L. Morris. 
 
 " Atwater k .\Iackie. 
 
 " Charbonneau it Weir. 
 
 " Morris & Holt. 
 
 " Robertson, Fleet & Falconer. 
 
 " Marlcr, McLennan & Fry. 
 
 Morden, Man J. H. McLaren. 
 
 Morrisburg, O F. Tyrrell. 
 
 Napanee, O Deroche iV Madden. 
 
 New (llasgow, N.S. F'raser & Jennison. 
 " .J. 1 1. Sinclair. 
 
 Newcastle, N.H Hon. M. Adams. 
 
 N. Westminster, H.C.Corbould, McColI & Jenns. 
 
 Niagara Falls, O. . . . Hill & Inglis. 
 
 N. Sydney, N.S. ... Blowers Archibald. 
 
 Orangeville, O Meyers it Robb. 
 
 Jos. I'atullo. 
 
 J.as. Walsh. 
 
 Orillia, O S. .S. Robinson. 
 
 R. P. C.mm. 
 
 Oshawa, O II. Morphy. 
 
 Ottawa, O Christie & Christie. 
 
 " Ciormully & Sinclair. 
 
 0'(iara, McTavish iV Wyld. 
 
 T. F. Nellis. 
 
 " O'Connor, Hogg & Balderson. 
 
48 
 
 List ok Hank Holicitous and Commeucial Lawyeus. 
 
 CiTV OR Town. Namk or Iikm. 
 
 Ottawa, () Slfwarl, CrysK'r iV Li'wis. 
 
 " M:Inlyre & Codf. 
 
 [Sec advt. card. 
 
 " Walker, McLean * HIanclictte 
 
 [Sec advt. card. 
 Owen Sound, O. . . . Masson i"t Massim. 
 
 " ....Crerai, Miirrisnn & Sniitli. 
 
 Paris, O John .McMillan. 
 
 I'arkhill, O K. Goodman. 
 
 I'erth, O V. A. Mail. 
 
 I'emliroke, O K. Wliit.'. 
 
 " Thos. Deaocm, (,).('. 
 
 Peterl)oroii|»h, 0....\V. II. Moore. 
 ....II. I). Hall. 
 " .... loliii Hiiriiliani. 
 
 IVtrolia, O "Cieo. MoncriitV, O.C. 
 
 I'etitcodiac, N.li....!''. \V. Kiucrson. 
 
 I'ictou, N.S Koss i^ McLennan. 
 
 Port i'ollxirne, (),... I larCDUrl i\: ('im|>(r. 
 
 Port Klyin, () I. S. Dalryniple. 
 
 Port Hope, O II. A. Ward, M.P. 
 
 " T. T. Haines. 
 
 Portage la Prairie, M.Martin i!v: Curtis. 
 
 (^)uel>ec, (^) t'aron, I'entland I'v: Curtis. 
 
 " lion. (leo. Irvine. 
 
 " W. a. A. II. Cook. 
 
 " Chas. .S. Hurrouj^lis. 
 
 " J. I)unl>ar, it.C. 
 
 " Fessier, Delate \ Delcry. 
 
 [See advt. card. 
 
 " M. A. Hearn, (,).C. 
 
 [See advt. card. 
 
 Regina, N.W.T .Scott \: Hamilton. 
 
 Kidgetown, O N. .Mills. 
 
 .Sackville, N. B T. A. Kinnear. 
 
 Sarnia, O R. S. Curd. 
 
 " Lister ife ( 'owan. 
 
 " Pardee iV ( iarvcy. 
 
 .S.iult Ste. .Marie, O.Mcl'adden, Dumhle i-S: Malhc- 
 son. 
 " " Kehoe & Hamilton. 
 
 Seaforth, O K. 1 lolmsted. 
 
 Shediac, N..S Mr. Russell. 
 
 Sherhrooke, Q Hall, White \ Cote. 
 
 .Sinicoe, O .\nsley & Slaiglit. 
 
 Tisdale & Robb. 
 
 Smith's Kails, O |. R. Lavell. 
 
 .Sorel, Q l:. J . ( 1. Wurtelic. 
 
 " .\. (iermain. 
 
 .St. Andrews, N. B . . Hallet & Kowler. 
 .St. Catharines, O . .Cox & \a\e. 
 
 " . .Miller, Cox * Vale. 
 
 " ..W. II. McCline. 
 
 " . .James Keaycs. 
 
 .St. Hyacinlhc, (J. . . . Lu.ssicr iV (jendron. 
 
 " .... Kontainc k St. \'ac(iucr. 
 St. John, N.15 G. Sydney Smith. 
 
 Ciiv OK Town. Name or Firm. 
 
 St. John, N. B A. C. Kairwealher. 
 
 " " J. R. Armstrong. 
 
 " •< C. W. C. Tabor. 
 
 [See advt. car<l. 
 
 St. Thomas, O Krmatingcr i^ Robinson. 
 
 McDougall it Ri.beilson. 
 
 John Karley, 'J.C 
 
 Slellarton, N. S McDonald it llensley. 
 
 Stratford. O John .\ddiugton, (^).C. 
 
 " .Mel'herson \- Davidson. 
 
 Stralhroy, O !•;. W. Scatchard. 
 
 " J. Kolinsbee. 
 
 .Summerside, P. K. I. . K. [. Ilodson. 
 
 Sussex, N. li Ilailelt & Kowler. 
 
 Ihorolcl, ( ) Miller, Cox k Nalc. 
 
 Three Rivers, (,) \. Oliver. 
 
 " " . . . . N. L. Denouevent. 
 
 Toronto, O Ulake, Lash iV ('assels. 
 
 .McDonald it Marsh. 
 
 " Mulock, .Miller, Crowther &. 
 
 .Montgomery. 
 
 " Bain, Laidlaw it Kapiielle. 
 
 " Beatly, Chadwick, Hl.ickslock 
 
 it Call. 
 
 A. II. K. Lefroy. 
 
 " K. W. Kingstone. 
 
 Morris it McNab. 
 
 " Krnest I lealon. 
 
 McCarthy, Osier, &c. 
 
 Truro, N.S (ieo. Campbell. 
 
 Uxbridge, O T. W. Chappie. 
 
 \alleyheld, (^ .Seers iV Laurenileau. 
 
 \ancouver, M.C Stephen O. Richards. 
 
 N'ictoria, H.C Drake, Jackson iV Hclmcken. 
 
 Vidiiriaville, () l!rapeaii iv: Metliot. 
 
 Walkcrlnn, () K. Cohiidioun. 
 
 Wallaciburg, O John S. Kraser. 
 
 Waterloo, O W. II. Bowlby. 
 
 Watford, O Lister iV Cowan. 
 
 Wetland, ( ) 1 larcourt it l'ow])cr. 
 
 Whitby, O G. V. Smith. 
 
 Windsor, O 1). Dougall. 
 
 Windsor, N.S Aubrey it lilanchard. 
 
 W. M. Christie. 
 
 Wingham, O Meyer it Dickinson. 
 
 Winnipeg, M Archibald, Howell & Suther- 
 land. 
 
 " Aikins, Culver it, Co. 
 
 Woodstock, O Kinkle it McKay. 
 
 Ball* Ball. 
 
 " Beard, Nelles & Newell. 
 
 Woodstock, N.B. . . . I'"isher i\; Connell. 
 
 A. B. Connell. 
 
 Wolfville, N.S |. S. Crawley. 
 
 Yarmouth, N. S T. V. B. Bingay & Sons. 
 
 " ....T. B. Crosby. 
 
Bank Statkmknts since Confkdeuation. 
 
 4!) 
 
 BANK STATEMKNTS, 
 
 MADE IN COMI'IJANCE WITH I'llE SEVERAI, ACTS IN KOUCE SINCE CONFEDERATION. 
 
 IVrhnps tlic l)est nuans aiiil th.il by \vhi( li the j^rcatcst accuracy can l)e oljtained as 
 to the staiulinj,' and adNamcnicnt of tniancia! iiistilutidns, is liy studying closely and com- 
 paiiiigono with another tiieir periodical statements. 
 
 '{'he first general statement of Canadian banks published in the Canada Gazette 
 appeared in 1X5^). Since that year montlily returns have been publislicti ; down to Con- 
 federation ( 1867) only the Provinces of Ontario and (^)uebei' were included after that 
 year Nova Scotia and New Brunswick were adiled ; i)Ut it proved a difficult task to compel 
 these latter provinces to send in their returns ui time to be published in the general 
 statement. However, through the perseverance of the I)e|)Uty Minister of I'inance, 
 Mr, j. M. Courtne)', it was accomplished in 187^, and since that year the returns 
 are complete and reliable ; jjrior to that lime they were not always full, therefore can not 
 he credited with reiireseiiling the banking birsiness of the Dominion. 
 
 'I'he form of retmn to the (io\ernment was outlineil by an Act relating to banks and 
 hanking, passed in i.S6y. 'J'hese returns were ordered to be sent to the Auditor of public 
 accounts. It was foinul necessary, however, to exact further detail from the banking 
 institutions, and in 1.S73, by an Act, 33 and 36 \'ic., chaj). 43, the returns to the (lov- 
 eriiment were so enlarged that insteail of eight headings under liabilities and 14 imder 
 assets, there were made 11 under liabilities and iS under asseJs, as shown in the 
 tables following. 
 
 Act 38 \'ic., cha[). 17 required that the aggregate amount of the direct and indirect 
 liabilities of directors and of the firms and partnerships in which they or any of them 
 v.ere interested be given in a separate column. 
 
 In 1 88 1 the returns were further enlarged, and greater detail given, making 14 
 headings under liabilities and 23 under assets, besides giving the average amount of 
 specie and Dominion notes held during the month. 
 
 In 1883 an Act was i)assed attaching penalties for neglect to conform t(j the pro- 
 visions of the banking laws, and stipulating that the amount of reserve fund and the rate 
 per cent, of the last dividend declared within the year be given. 
 
 The Act of 1 881 and amendments, with what changes were made in the revision of 'he 
 statutes, 1886, is the law under which returns are made, and shall t:ontinue up to 30th 
 June, 1891, when the new Hanking Act of 1890, passed last session, is intended to come 
 into operation. 
 
 I'OUowing are tabulated returns of chartered banks as on the 31st December each 
 year since Confederation, giving the several heailiiigs uiuler which returns were called for : 
 
 
 » 
 
lUNK .stati:mi-:nts: 
 
 tMt t>c('t'mliur 
 vacli yvar. 
 
 ■ 868 
 1869 
 187.) 
 
 Coin, llnlHon 
 
 and 
 
 I'ruvirK.'iul Ni)l<!>. 
 
 $11,820,726 oS 
 15,101,(194 50 
 14,018,075 44 
 
 I.»ii<Il'iI, or other 
 
 iir'i|iL-rtj' of ilu' 
 
 Hank. 
 
 $1,667,(150 72 
 
 i,6i)(),K()5 40 
 I, ( 184,497 40 
 
 (iovprnmeni 
 Sci nriti". 
 
 PrnmUsory Nolcs 
 
 ur llill^ of 01 her 
 
 llaiik<. 
 
 $.^, 60S, 0.50 53 
 6,oj7,5j.} '51 
 4,847,448 7,? 
 
 llalaiH f due 
 
 from 
 oiher llaiiks. 
 
 $2,021,712 76 
 
 2,i').h"7S 50 
 
 2,440,570 50 
 
 $8,6i7,5.?o _u 
 
 7."4.?.«47 71 
 0,887,577 7.5 
 
 ii>( I >(MTn»l,fr 
 each year. 
 
 Specie. 
 
 $8.755,2j2 98 
 6,459,625 SJ 
 
 I'rovinrial nr 
 Dninlllinll Notes, 
 
 $6,902,369 11 
 8,219,723 64 
 
 Notrs of .and 
 
 (,liec|iieH on other 
 
 Hunks, 
 
 $3,028,031 54 
 3,953,652 97 
 
 llaL-nn'cs dnr 
 
 from olhi'i Itanks 
 
 inCanaila. 
 
 $2,022,829 50 
 2,034,741 41 
 
 Hak-ni'-es due from 
 
 other Hanks 
 
 nut In C'unadn, 
 
 IS71 
 
 $14,416,213 23 
 10,815,174 65 
 
 1872 
 
 J 1st llcriinljer 
 each year. 
 
 .Specie. 
 
 1873 ••••• $7,163,297 35 
 
 1874 7,483,11s 08 
 
 1875 6,879,37202 
 
 1S76 6,176,104 70 
 
 1877 6,127,739 18 
 
 1878 5-623.005 89 
 
 1879 6,809,029 27 
 
 Ooaiinion Notes, 
 
 $9,109,286 46 
 
 .), 590,454 98 
 
 S,544,t)2i 32 
 
 8,318,113 00 
 
 8,896,455 50 
 
 8,098,205 35 
 
 9,1. 16,439 60 
 
 Notes of or M.-ilancus ihiL 
 
 Chetpies on other : from other Hanks 
 Hanks. i in Canada. 
 
 $4,580,294 52 
 
 5,62'), 737 27 
 
 4,578,143 17 
 
 4,187,075 05 
 
 4,417,169 20 
 
 4,381,070 66 
 
 $2,650,784 70 
 
 3,808,632 49 
 
 3,476,582 24 
 
 3,608,437 So 
 
 3,523,669 51 
 
 4,489,323 29 
 
 Halances due from 
 
 Aneiit-ifs of (he 
 H.mk, or rn>Mi other 
 
 Hiinks or .Agencies 
 in foreign cotnitries. 
 
 $6,378,954 14 
 
 8,888,003 ()3 
 8,182,257 70 
 5,948,860 36 
 4,685,860 24 
 5,803,848 <)(> 
 
 4,5'''',554 69 4,743,016 98 I 19,313,583 1 
 
 jtst Decendjer 
 each year. 
 
 1880 
 1881 
 1882 
 1883 
 1884 
 1885 
 1886 
 1887 
 1888 
 1889 
 
 Specie. 
 
 Dodiinioii Notes, 
 
 $5,965 
 6,561 
 
 6,555, 
 7,225, 
 7,469, 
 6,710, 
 
 5,891, 
 6,037 
 7,372 
 5,967. 
 
 270 12 
 619 13 
 
 761 47 
 552 56 
 756 84 
 
 o5« 73 
 57'> 47 
 563 43 
 132 25 
 665 70 
 
 $10,5:0,302 42 
 9,85^,837 15 
 10,4(13,842 86 
 I i,i7(',840 00 
 1 1,007,629 49 
 12,446,8:9 39 
 9,405,594 00 
 10,030,190 25 
 10,671,722 00 
 9,117.810 86 
 
 Notes of and 
 
 Chcipies on other 
 
 Hanks. 
 
 $4,565,005 35 
 5,835,416 30 
 
 t', 705. 973 35 
 7,2,88,3(17 55 
 6,100,270 03 
 
 7,8(19,777 29 
 7.i35,(j76 36 
 
 6.474,758 49 
 8,257.385 96 
 7,826,325 73 
 
 Uiilaiu es due 
 
 fruii) oilier Itaiik^ 
 
 in Caniuta. 
 
 $3,263,553 
 2,555,260 
 
 3,">3i,52i 
 3,307,283 
 
 2,331,317 
 3,204,023 
 3,007.886 
 3,855,211 
 3,605,991 
 3,182,252 
 
 Halances (hie from 
 
 .\Ken,jies of the 
 liank or from other 
 Hanks or .V.i^cncifs 
 in foreign cuinitries. 
 
 18 
 
 $27,041,608 17 
 
 59 
 
 19,776,513 93 
 
 41 
 
 11,140,075 30 
 
 41 
 
 18,060,15(1 21 
 
 07 
 
 12,411,217 98 
 
 74 
 
 16,098,642 90 
 
 31 
 
 15,446,375 7' 
 
 24 
 
 13,097,795 45 
 
 76 
 
 18,993,815 92 
 
 35 
 
 10,729,877 30 
 
JiANK SlATKMKNTS: AsHKTS. 
 
 61 
 
 ASSETS. 
 
 
 (Iverdiic dehls 10 
 
 
 
 
 N.ilt'« ntul hillH 
 
 the Hank 
 not hu hided under 
 
 lolal Assets, 
 
 
 
 1 >iscountcd. 
 
 the forcuohiK 
 heatls. 
 
 
 
 
 
 
 
 
 .•i;s.l/>52.499 7« 
 
 $3,803,862 57 
 
 $85,192,921 70 
 
 
 
 Hi, 870,202 40 
 
 4. • 17,413 51 
 
 <)<M 59,050 S3 
 
 
 
 75.<'7J.47(> ("J 
 
 2,421,6(18 54 
 
 111,973.315 03 
 
 
 
 ( iDvcriiiiu'iil 
 
 l.oailH to the 
 
 Loans, ^L-., 
 
 Notes and Hills 
 
 Notes, .<;.:., 
 
 Overdue ilelitK ■ 
 
 1 iclicimircs or 
 
 
 
 Uiscotiiitvd and 
 
 overdue and nut 
 
 
 Slutk, 
 
 (fovertinients. 
 
 to ('or|ii)i'atit>iis. 
 
 Current. 
 
 s|K!cially secured. 
 
 secured. 
 
 $1-437.870 56 
 
 $1,302,218 52 
 
 $2,103,189 11 
 
 $ 89,764,279 22 
 
 $1,406,543 39 
 
 $1,347,162 61 
 
 1,449,836 33 
 
 543.583 50 
 
 2,449,591 88 
 
 113,384,104 21 
 
 1,141,410 75 
 
 1.553.863 34 
 
 
 
 
 
 Lonns, discoiintu 
 
 l.onns,discoiintsorad- 
 vances for which the 
 
 Ilalancci diu? from 
 
 
 
 
 or advaiaesfor 
 
 Bonds or deheiltiires 
 
 Agencies of tilt; llmik 
 
 (lovcrnnicnt 
 
 Loans i.> the 
 
 Loans to 
 
 which shares of 
 
 of Mnnicipal or otiier 
 
 or t'niii) other Hanks 
 
 hchelitiircs or 
 
 (lovcrnniuiit of 
 
 Provincial 
 
 the c.i|>ilal stoi k 
 
 corporations, or I >o. 
 
 tir AKciuiL'siri the 
 
 Slu.k. 
 
 the Ihiininioii. 
 
 (lOVCTMtncnls. 
 
 of aiij' other H;iiik 
 
 minion, Provincial, 
 
 UnitL-t) KiiiRclnni. 
 
 
 
 
 are held as 
 collateral set nrity. 
 
 Hrilish or Koreiitn 
 piililic secnrities arc 
 hehl as collateral 
 
 
 
 
 
 
 
 
 
 
 
 securities. 
 
 $.5,402,461 63 
 
 $1,373,195 95 
 
 $244,766 12 
 
 $19,507 23 
 
 $3,812,914 78 
 
 $2,503,652 79 
 
 '..S5f<.o.57 59 
 
 I,2(J4,84 5 85 
 
 144,660 32 
 
 20,810 21 
 
 5,308,810931 5,(jo6,8i6 11 
 
 1, (.01,273 77 
 
 I.33M5' a 
 
 56,955 .].i 
 
 147,561 99 
 
 2,976,651 51 
 
 3,531,<;86 10 
 
 3,21)5,283 48 
 
 i,2So,5<)o 93 
 
 97,147 90 
 
 277,089 32 
 
 2,829,588 12 
 
 6,814,100 42 
 
 ■:.^X5.,?S7 77 
 
 2,682,262 12 
 
 192,<;84 89 
 
 813.349 69 
 
 2,091,522 04 5,5o(),7oi 85 
 
 1,200,501 52 
 
 2,203,179 43 
 
 77.<'.S4 S5 
 
 1,838,724 87 
 
 2,580,(11(1 (18 1 5,782,760 07 
 
 5,287,245 (j6 
 
 2,086,922 13 
 
 80,699 28 
 
 574.515 80 
 
 1,200,446 82 5,8c;4,2I2 80 
 
 
 
 
 
 
 Loans, Discounts or 
 advances for which 
 stock, lionds or de* 
 
 llalaiKus lint: from 
 
 
 IVovimial, 
 
 
 
 lientures of Munici. 
 
 Ai^rmius of the Hank 
 
 homiiiion 
 
 Ih-iiish or I'orei^n 
 
 I.naii'. to the 
 
 I..ialls to 
 
 pal or other corpora- 
 
 iir troni other liank^ 
 
 lluvernilient 
 
 or C'oloriial (inhh.: 
 
 t lovcmnieiit ,») 
 
 Provincial 
 
 tions, or 1 loniinion, 
 
 nr Aueniic^ in the 
 
 deheiltiires 
 
 s.jcuritie-. other 
 
 the Doiiiiniun. 
 
 (joverninenls. 
 
 Provincial, Hritish or 
 
 I'liiied KhiKdum. 
 
 or stock. 
 
 tllali Canadian. 
 
 
 
 F.ireiKll or Colonial 
 pulilic securities 
 other than Canadian, 
 are held ns collateral 
 
 
 
 
 
 
 securities. 
 
 $4,714,424 41 
 
 $1,122,109 30 
 
 $1,565,542 42 
 
 $609,220 25 
 
 $632,137 65 
 
 $8,011,068 07 
 
 5,814,626 60 
 
 1,099,822 63 
 
 1,802,504 64 
 
 895,998 32 
 
 S23.765 92 
 
 1 5,076.340 80 
 
 1,813,235 02 
 
 1,006,869 29 
 
 1,285,079 oS 
 
 (151,952 62 
 
 911,523 49 
 
 16,861,583 S2 
 
 4,225,913 08 
 
 9(X),722 63 
 
 1,325,044 71 
 
 825,182 15 
 
 1,(196,007 25 
 
 10,415,155 52 
 
 5,118,913 82 
 
 1,405,435 S4 
 
 1,612,985 81 
 
 1,517,432 69 
 
 850,898 08 
 
 11,929,655 74 
 
 3.936,556 39 
 
 4,317,070 50 
 
 3,351,106 04 
 
 1,170,642 56 
 
 l,2fX),190 18 
 
 12.556,050 53 
 
 2,581,665 58 
 
 4,438,638 40 
 
 3,046,210 78 
 
 '."•'^3.783 79 
 
 1,594,284 25 
 
 13,153,174 67 
 
 3,268,154 14 
 
 2,699,679 73 
 
 3,659,(^40 06 
 
 l,aj4,iSi 06 
 
 2,065,674 68 
 
 10,451,761 16 
 
 3.70J-936 46 
 
 2,045,076 56 
 
 4.475.132 37 
 
 1,24(1,447 u 
 
 582,834 68 
 
 11,737,187 69 
 
 3,961,996 59 
 
 2,603,236 58 
 
 5,550,051 Si 
 
 1,036,390 26 
 
 927,100 8^ 
 
 13,516,388 27 
 
 • I 
 
o2 
 
 Ba\k S'i'atements : Assets. 
 
 \).\r.K St.xtements : 
 
 3 IS* Decemlici 
 each year. 
 
 Real Kslaie oiIilt 
 
 than ihe 
 
 Bank Premises. 
 
 $856,581 78 
 797,790 60 
 
 Hank Prcmist"^. 
 
 Other Assets 
 
 Dul iiul'.uieii 
 
 above. 
 
 Total Assets. 
 
 >S7i 
 
 'S72 
 
 $1,760,663 97 
 2,022,943 66 
 
 $2,520,293 37 
 2,500,764 63 
 
 $136,016,959 92 
 
 '57.639.'**'6 10 
 
 31 it Decemlier 
 each year. 
 
 Loans, di-'-tunts 
 
 or adva icts on 
 
 current acctiunt to 
 
 Corporations. 
 
 1873 
 
 1 
 
 ..' $2,919,798 70 
 
 1874.... 
 
 
 ..' ^,468,054 67 
 
 1875.... 
 
 
 .. 3,228,274 21 
 
 18/6.. ,. 
 
 
 • • 4.734.3.?S 35 
 
 1877.... 
 
 
 3,581,615 66 
 
 I87S.. . 
 
 
 3.794,912 iS 
 
 •879 
 
 ••, 4.454.y73 30 
 
 Notes anil Ijills 
 
 discount»*tl 
 and current. 
 
 f 119, 647.350 82 
 
 130,379^457 58 
 
 I 19.402,322 12 
 
 122,562,334 37 
 
 116,475,030 32 
 
 n7,S5^»-3"'' 07 
 
 9;,'ji)3,()fvS 62 
 
 Notes and bills 
 
 tliscounled 
 
 overdue antl not 
 
 specially secure-l. 
 
 $1,651,500 oS 
 i.494,SoS 15 
 4,436,636 SS 
 3,185,631 45 
 3,133,176 25 
 2,6()' ,200 S2 
 
 2,921,818 22 
 
 Oveniue debts 
 
 secured by mortgage 
 
 or other deed on 
 
 real estate, or by 
 
 deiMJsit of or lien on 
 
 stock or liy other 
 
 secin-ities. 
 
 $1,455,385 10 
 
 1.597.524 70 
 2,775,862 20 
 
 3,218,985 g.^ 
 
 4.057. 5<" 75 I 
 3,774,681 45 
 3,474,920 22 j 
 
 Real estate, tlie 
 property of the 
 
 Hai]k (ot)ier tliaii 
 Hank prenii>e^) 
 and real estate 
 
 sold by the lliiiik. 
 
 $586,996 61 
 
 575,449 43 
 
 853.498 84 
 
 1,067,029 36 
 
 1,242,171 97 
 
 2,141,827 68 
 
 2.383.454 79 
 
 31st Deceniher 
 
 each year 
 
 Loans, discounts 
 
 or advances on 
 
 current accotiiU 
 
 to mtinicipal 
 
 corp'jralioiis. 
 
 iSSo. 
 18S1 . 
 1882. 
 1883. 
 1884. 
 1S85. 
 
 $690,384 01 
 646,350 49 
 1,988,916 26 
 1,259,904 45 
 1,331,802 5S 
 .578,397 
 
 -. _ . 74 
 
 188 ) ' 2,144 802 72 
 
 2,813,823 9S 
 
 3,706,035 99 
 
 i8i;7. 
 IS8S. 
 1889. 
 
 1,655,171 67 
 
 i.oans, discounts 
 
 or adv.mces on 
 
 current .iCLount 
 
 to other 
 
 
 corporations. 
 
 
 $4,325,660 
 
 26 
 
 7,750,527 
 
 49 
 
 12.153.532 
 
 75 
 
 15,254,806 
 
 18 
 
 15.878.352 
 
 49 
 
 14,070,831 
 
 69 
 
 14.855, <33 
 
 8^,: 
 
 15,871,454 
 
 «5i 
 
 19,252,233 44 
 
 23,209,430 34 
 
 I,o;uis to or 
 
 deposits ni.ide in 
 
 other 
 
 lianks secured. 
 
 Loans to or 
 
 deposits inaile in 
 
 other Hanks 
 
 unsecured. 
 
 334,101 00 
 493,804 25 
 !7J,19S 16 
 131,502 16 i 
 164,1)04 24 
 
 557,793 93 
 290,708 79 
 
 $683,070 
 882,567 
 
 ?79.457 
 233,508 
 
 247.614 
 079,542 
 464,014 
 
 274,526 
 
 105, IXK) 
 200,738 
 
 Other iHi.-rent 
 
 loans, discounts 
 
 and aiKances tu 
 
 the public. 
 
 75 '05 
 77 "23 
 04 ;i44 
 31 1133 
 
 46 : 122, 
 
 8g '125. 
 
 >" 135. 
 
 88,i3,S, 
 00 145 
 55 150, 
 
 587,672 74 
 710.00S 3s 
 414,108 86 
 378,550 40 
 
 109,496 22 
 
 493,660 61 
 
 632,631 15 
 
 398,246 So 
 
 750,485 14 
 
 422,602 02 
 
Baxk Statements: Assets. 
 
 58 
 
 Assets (ContiinuMl.) 
 
 Keal e-^late, the 
 property of llie 
 iaiik (other tlian 
 liaiik prcnii-'es) 
 and real c-tale 
 aid by the I tank. 
 
 55,587.672 74 
 
 Iiaiik promise'^. 
 
 Other a-iset'N not 
 
 inchnlud miller 
 
 the forejioin^i 
 
 heads. 
 
 $2,359,793 45 ' $2,659,465 14 ,,,...,._. ., 
 2,785,297 07 ^ 2,455,836 54 I 200,905,145 66 
 
 Total assets 
 
 $172,736,993 75 
 
 Directors I, labilities 
 
 3,059,971 20 
 3,174,209 98 I 
 3,300,292 90 
 3,518,848 14 
 3,342,966 13 1 
 
 3,248,401 94 
 
 2,105,104 35 
 
 2,351,994 12 
 
 2,516,814 10 
 
 4,428,196 44 
 
 183.310,243 97 
 181,880,061 86 
 176,364,764 96 
 178,138,495 01 
 178,302,684 17 
 
 38 Vic. chap, 17, 
 amentis No. lo Lia* 
 hillties, and calls for 
 nirectors Liabilities 
 in a separate colunm. 
 
 $7,275,248 22 
 6,366,672 30 
 
 Notes and hills 
 discounted, over- 
 due and not 
 specially secured. 
 
 $1,783,071 15 
 1,107,207 36 
 
 1,310,43 s 5'"^ 
 2.100,756 70 
 3.222,865 16 
 1. 5*15,858 62 
 1.100,611 17 
 1,412,603 71 
 969,029 1 1 
 1,072,996 45 
 
 Other overdue 
 debts not specially 
 
 secured. 
 
 _ Notes ;.- ■' tnlls 
 
 discounted, overdue, 
 
 and other overdue 
 
 debts securefl hy 
 
 morisa>,'e or other 
 deed on real estate, 
 
 or hy deposit of or 
 
 lien on stock, or by 
 
 other securities. 
 
 Rea' estate the 
 I property of the hank 
 ' (other u\:iu the hank 
 I premises.) 
 
 $217,693 85 
 
 212,304 75 
 
 141,262 52 
 
 175-524 39 
 
 122,677 53 
 
 98,688 20 
 
 .80,178 78 
 
 52,120 85 
 
 •44,152 75 
 
 63.32S 32 
 
 $3,015,309 46 
 
 2,174,370 41 
 
 1.679.854 92 
 
 2, 120,018 83 
 
 ^3.091,569 07 
 
 * 2,022,278 95 
 
 1,452.275 71 
 
 1,857,944 43 
 
 1,499,100 12 
 
 1,611,284 97 
 
 $1,998,311 91 
 
 1,718.830 37 
 
 1,409,835 87 
 
 1,096,893 13 
 
 1,219,421 95 
 
 1,379.820 66 
 
 1.331,261 55 
 
 1,218,352 73 
 
 9f<9,54" 35 
 990,080 27 
 
 MortKa^es on 
 
 real est.'ite sold 
 
 by the blinh. 
 
 Hank premises. 
 
 $393. 
 505^ 
 693 
 
 848, 
 
 834 
 661 
 821 
 
 673 
 696 
 
 714 
 
 713 97 
 087 01 
 
 763 9S 
 013 99 
 350 33 
 118 48 
 281 II 
 457 93 ' 
 4^*9 .W I 
 ,489 70 
 
 $3,140,523 15 
 
 3.020.158 60 
 
 3. 116.247 06 
 
 3.061,83s 36 
 
 3,188,745 14 
 
 3.317.860 03 
 
 3,569.524 56 
 
 3.659.014 28 
 
 3,7.^7,699 «7 
 3,957,122 93 
 
54 
 
 LjAXK SlAI'EMKNTS : As.SKTS, 
 
 Bank Statements: Assets (Coiichnk'd. 
 
 3lst I)cLcinljcr 
 each year. 
 
 Other assets not 
 
 inchuied muier 
 
 tile foret;uhii; 
 
 heads. 
 
 1880 j $2,691,920 41 
 
 1 88 1 j 2,861,979 70 
 
 1882 ! 2,600.37920 
 
 1883 1,881,452 71 
 
 1884 2,291,199 16 
 
 1885 i 3,886,342 so 
 
 1886 2,923,999 43 
 
 1887 
 
 1888 
 
 3.535.917 40 
 5,248,889 40 
 
 1889 ; 3.559.612 86 
 
 AKt;re.i;ate 
 
 anionnt of loans 
 
 I to ami liahihties, 
 
 direc;l or iiulireel, 
 
 t)f I )irectors, 
 
 and (inns or 
 
 partnersliips in 
 
 which they or any 
 
 of them have any 
 
 interest. 
 
 $192,537,574 00 
 213,588,098 34 
 230,675,211 75 
 228.193,650 61 
 
 215,787,511 Ti 
 
 227,863,546 
 
 231,30(5,482 
 
 232.576,9''^3 
 255,348,112 
 252,166,663 
 
 Avcra.i;t; amount 
 
 of >*pu(;ic held 
 
 during the 
 
 inuiitti. 
 
 I 
 
 $6,629,181 04 
 
 8,046,207 73 
 8.577.247 74 
 7.553.573 96 
 7,590,401 15 
 7.205,25s 69 
 
 ;,')97.o(>9 52 
 
 S,9S(),372 97 
 
 S. 292,303 47 
 
 7,856,848 63 
 
 $6,119,198 00 
 6,274,296 09 
 
 6,339.995 55 
 0,949,102 27 
 7,421,138 17 
 6,768,900 91 
 
 5.935.456 " 
 5.952.742 87 
 7,374,214 64 
 6,193,412 09 
 
 Average ainonnt of 
 
 I totninion Notes 
 
 held diirins the 
 
 luotith. 
 
 $10,191,439 43 
 9,983,451 24 
 
 10,484,069 ?7 
 10,721,429 :■-■- 
 10,821,888 I3 
 12,419,568 81 
 
 9.550.^35 i> 
 
 9,828,656 14 
 
 10,441,838 00 
 
 9,111,741 10 
 
Ai)\'i:i!TisKMKN'r. 45 
 
 DICKERMAN'S 
 
 UNITED STATES TREASURY 
 
 AND 
 
 B,1J\'KERS' AXT) MEBCILLYTS' JOUUjYAL. 
 
 A CONsdMllAI'ION n| IIIK 
 
 '• United States Treasury Counterfeit Detector and Bankers' and Merchants' Journal," 
 
 "United States Counterfeit Detector," "United States and Canada Counterfeit Detector," 
 
 And " Dickerman's National Counterfeit Detector." 
 
 Tlii.> I )Ki Kciou is issiifd llio isl iif I'vciy miiiilli. Willi tadi iunnlii.'r is rurnislieil n rcmly rcferoiicc 
 c.iiil, t,'ivint; a coiiii)lclc list of sU Cuiinlii Icil I'liiU'il States Treasury, National Hank and Canadian Notes ; 
 also a lis! of stolen notes, arran(;ed in alplialietical order. Tlie plan of this Di: lia riiK, in nivinj; the names 
 of Register and Treasurer on all counterfeit notes, is of great value, as many of these banks have notes in 
 circulalion bearinj; the names of two or more Kej;islers and Treasurers ; ami. as the counterleits are all 
 printed from the same plate, by usint; this list, anyone, without being a juilge of money, can instantly 
 decide as to the genuineness of a large nuud)er of notes on which cdunlcrfeits are in circulation. We give 
 a co|)y of the counterfeit note. The date is not given unless it differs from the genuine. This simple plan 
 furnishes an infallible lest in a large nundier of cases. 
 
 On the appearance of a new counterfeit we immediately notify our sub- 
 scribers by postal card, giving a full and complete description of the note, 
 thus affording a sure protection to our patrons. 
 
 This work is corrected to date each month, anil in addilion to descriptions of all counterfeit U. S. 
 Treasury, National Hank, Dominion of Canada and Canadinn Bank notes, we give (|Uotations of Canadian 
 currency, values of all foreign gold, silver and baid< notes, a complete list of stolen Registered U.,S. Bonds, 
 weight and legal tender tpiality of all U. .S. coins, list of all new banks organized, an<l banks closed. 
 
 .\ll rulings of the U. S. Treasury Department, :ind decisions of interest to bankers and business 
 men, together with various tables, will be found in this work each month. 
 
 SPECIAL GUARANTEE TO YEARLY SUBSCRIBERS. 
 
 We will pay the face value of any engraved counterfeit United States 
 Treasury or National Bank Note, also that of any Canadian Note, not 
 mentioned in our latest publication or by our special postal notice, on 
 presentation. 
 
 TERMS— One Copy Each Month a Year, - - - $3. 
 
 We do not Sell Sing^lo Copies. 
 
 Dickerman's United Stales Treasury Counterfeit Deteetor, 
 
 WILLIAM DICKERMAN, Publisher, 
 
 JOHN iiui.i.i.-.i;,j/,w«.,7-. -ti <<• •■<•■> liint.nt sh{i:i:t. mjii ro/;/t. .v. r. 
 
JUMv «TATEMEi\Ty: 
 
 3I^l Dcci 
 
 cauli yf. 
 
 i868» 
 I S6o . 
 1 8-/ 
 
 C'aiHl;il .mtlioii/i'il 
 liy An. 
 
 $41,066,666 00 
 42,166,666 00 
 40,566,666 00 
 
 Capital paid up. 
 
 $3o.45i»5»9 18 
 33,704*9«9 30 
 33»449»96i 65 
 
 IV. 
 
 Vmnissory not 
 ill tirciilatior] 
 
 iior] 
 not lie.iiinj; intcTcsl. 
 
 Italanccs diif 
 
 to 
 
 other hunks. 
 
 $10,157,483 50 
 11,421,041 50 
 
 18,526,212 CX) 
 
 $1,322,379 74 
 1,407,206 82 
 1,910,64s 10 
 
 ('as)l ^k■|>()sil^ 
 lli.l 
 
 Ix-ariii^ inlurct. 
 
 $16,888,417 25 
 18,802,310 42 
 
 19.159.645 57 
 
 31st Dccfin 
 
 l.ur 
 cacli year. 
 
 1S71 . 
 1872. 
 
 Capital 
 authori/i.'il. 
 
 $52,ii3,o<)S 33 
 65, 61)0,999 33 
 
 ( apil.'il 
 suliMTiht'd. 
 
 $42,157,656 00 
 57,881,216 00 
 
 Capital 
 paid np. 
 
 $41,668,729 21 
 50,954,099 58 
 
 Niiio in 
 r irciil.ati.Mi. 
 
 $24,480,627 32 
 
 27.93". '72 7*^' 
 
 tlovcruiTicnt 
 
 deposits payal.lc 
 
 on dcln.altd . 
 
 $3,177,039 5' 
 4,129,606 64 
 
 3i^t Dcixrn- 
 
 (".[pilal 
 
 Cipltal 
 
 Capital 
 
 Noifs in 
 
 
 1 )<>n)inion (tovern- 
 
 l,cr 
 
 
 
 
 
 
 Mu'iii deposits 
 
 each year. 
 
 autl)ori/cd. 
 
 Mihscrilicd. 
 
 paid tip. 
 
 circutalion. 
 
 
 payable on deni.tnd. 
 
 1873 
 
 $68,766,666 00 
 
 $63,782,916 00 
 
 $57,931. .559 67 
 
 $29,01(5,659 
 
 37 
 
 $4,469,800 02 
 
 1S74 
 
 73,566,666 00 
 
 69,376,976 00 
 
 63,212,027 16 
 
 28,465,192 
 
 16 
 
 5.S75.707 5" 
 
 i«7.S 
 
 77,26(),(i()() KM 
 
 71,999,321 00 
 
 6(),S™i,225 73 
 
 23.257,721 
 
 08 
 
 3,580,159 62 
 
 1 871) 
 
 71,91)6, ()()(> 00 
 
 70,129,766 00 
 
 06,137,315 (.4 
 
 23,275,701 
 
 46 
 
 2,918,5 9 74 
 
 1.S77 
 
 74,2()(),66() 00 
 
 ()9, 127,566 00 
 
 63,75^1,861 06 
 
 21,71)4,212 
 
 0() 
 
 5,l2i.8<)o Oi 
 
 1S7S 
 
 72,766,666 00 
 
 67.426.557 (>7 
 
 64.257,010 94 
 
 21,455,641 
 
 93 
 
 4.437,841 45 
 
 1S79 
 
 67,266,666 00 
 
 63,106,633 67 
 
 60.351,505 73 
 
 22,252,761 
 
 79 
 
 3,700,777 22 
 
 31st r>ertMii- 
 
 ber 
 
 eacli year. 
 
 1880.. 
 iSSi . . 
 
 1S82 . 
 1,883.. 
 18.S4.. 
 18S5.. 
 18S0 . 
 1887.. 
 1888.. 
 1889.. 
 
 Capi;al 
 aiithori/cd. 
 
 $66,766,666 00 
 
 66,266,666 00 
 
 6S,I46,60() 00 
 
 69.3<)6,666 oo 
 
 7i.S9(),()66 00 
 
 74,179.9')9 00 
 
 79,579,0()6 00 
 
 76,079,099 a 
 
 75,779.999 00 
 
 75,779.999 00 
 
 Capital 
 subscribed. 
 
 $62,359,533 f>7 
 62,176.933 67 
 63,822,183 67 
 
 63.555.133 67 
 64,085.933 07 
 65,720,299 67 
 64.276,699 00 
 6^,944.3')9 .U 
 
 ()2, 254, 599 00 
 62,378,499 00 
 
 Capit.al 
 
 $59,819, 
 59.677. 
 61.039, 
 61,451, 
 61,605, 
 61,763, 
 61,230, 
 60,352. 
 00,233. 
 60,289, 
 
 •ll 
 ip. 
 
 
 60? 
 
 34 
 
 363 
 
 91 
 
 "57 
 
 10 
 
 733 
 
 IS 
 
 520 
 
 74 
 
 270 
 
 48 
 
 37" 
 
 87 
 
 092 
 
 ()0 
 
 450 
 
 4S 
 
 910 
 
 52 
 
 Reserve fiiml.t 
 
 I>ivi(U-tul (luc-laccd. 
 
 Katt! per ( oiu. pur 
 
 atuiuni.t 
 
 
 
 
 
 iS..i;>9,i2() 00 
 iy,So},yi>(} 00 
 
 
 
 
 
 17,930,141 00 1 
 
 17.793-814 00 i 
 
 19,050,565 00 j 
 
 20,571,332 67 
 
 liiomi'k'If. 
 
 Hi' 'orifurniity with 46 Vic, iliapter an. ilic l)anks wurc oltli^cd to add l») the ruliirn to Kinancu Department, amount "f 
 reserve fund ami rate per cent of last dividend declared within l!ie year, if any ; penal cla«;-.es for ecrtaiii olfeuccs were aU- 
 aildctl. 
 
Bank Statements: Liahimties. 
 
 57 
 
 LIA15ILIT1ES. 
 
 Casli ticposils 
 
 
 
 
 
 
 Iiital lialiilitii-s. 
 
 RL'tiini'i liHVf liL'uii iniuli" 
 
 nnder these beadiilKs, since g 
 
 LiariiiK iiiteresi. 
 
 
 mhIi returns wi-n- lit 
 
 si ralbd for by the (ioveiii- 
 
 
 
 li.ciit, up tti .iolh June, 1871. 
 
 
 $22,640,394 84 
 
 $51,008,675 33 
 
 
 
 
 ^x.;?.}.?/' <2 
 
 61,482,400 95 
 
 
 
 
 32,897,546 88 
 
 72,494,049 55 
 
 
 
 
 ()llu;r deposits 
 
 (iuvcrntnuiil ili-posits 
 
 Dllicr (lci)o>its 
 
 Due to other 
 
 I)nc to other lianks 
 
 |>;i>'nlilu on 
 
 payalitt' 
 
 payai)lt; 
 
 banks 
 
 or ancncics 
 
 (Icni.itid. 
 
 ;ifti:r tiolicc. 
 
 aflcr iiuikc. 
 
 ill Canada. 
 
 not in Canada. 
 
 $29,11)4,107 5' 
 
 $6,()S4,S()S 49 
 
 $2l,()S().o6,j 13 
 
 $1,157,092 35 
 
 $997,941 "1 
 
 30,479,309 49 
 
 .h7(y^.9)<) 44 
 
 ^3i377.57'; Si 
 
 1,094,102 74 
 
 2,102,887 71 
 
 htiiniiiion (tovern- 
 
 
 PrDviiH-'ial (lovern- 
 
 
 
 iiiciit ilt-piisjis )iay;il>l<- 
 
 IVovilii'ial ( io\'i*lll> 
 
 liurnt deposits payable 
 
 Other .leposils 
 
 Other deposits pay- 
 
 alter lii>ti< t* or oil a 
 
 lllciil ilcptisils 
 
 after not ire or on a 
 
 p.iyable 
 
 able after notice or 
 
 lixwl iltiy. 
 
 payable on ilciiiaiitl. 
 
 lived day. 
 
 on demand. 
 
 on a li.xed day. 
 
 $2,424,850 24 
 
 $ 801,179 92 
 
 $2,321,729 6! 
 
 $30,952,012 58 
 
 $26,954,561 34 
 
 5.709,172 23 
 
 1,(171,601) 96 
 
 3,254,762 18 
 
 35,624,746 73 
 
 33,483,718 16 
 
 2,3C9,1()9 91 
 
 1,629,0(12 50 
 
 2,932,747 85 
 
 34,020,524 58 
 
 2(1,084,999 95 
 
 3,240,307 55 
 
 1,246,511 91 
 
 3,236,912 50 
 
 35,071,704 10 
 
 28,576,990 91 
 
 l,22l,7CX) qo 
 
 730,21)0 42 
 
 505,954 27 
 
 35,4oS,(ji2 18 
 
 28, 560,041 02 
 
 425,314 54 
 
 473.798 56 
 
 296,348 41 
 
 35,120,759 17 
 
 31,285,757 25 
 
 6,607,047 63 
 
 482,3<.7 48 
 
 116,374 28 
 
 1 . . . 
 
 37,889,165 07 
 
 30,597,257 85 
 
 
 
 Dominion (lovernmenl 
 
 I )eposits held as se<nirity 
 
 
 
 1 >nlllilii,)ll (Hivcl'llllicllt 
 
 (Icposils payalilu uUvr 
 
 for exet'lltioli of 
 
 I'rovini'ial ( iovirnniieiil 
 
 N.ito ill i:irciil:''.,.jii. 
 
 deposits payable on 
 
 notice ur «in a li.\cil 
 
 ))oniinioti ( Hiveniinclil 
 
 deposits payable 
 
 
 denuiiid. 
 
 (Jay. 
 
 iimlraets ami for 
 insurance cuiiipaiiies. 
 
 tMi deinaiid. 
 
 $27,328,358 29 
 
 $5,807,010 39 
 
 $2,025,252 i_^ 
 
 $992,726 II 
 
 $1,729,033 22 
 
 32.358,844 31 
 
 6,591.901 24 
 
 4,968.516 67 
 
 828,186 So 
 
 1,364,817 o;. 
 
 36,501,694 45 
 
 3.393.963 72 
 
 5,074,264 25 
 
 1,141,053 60 
 
 773.737 84 
 
 33.5''^9.454 64 
 
 3.7^9.445 93 
 
 3,302,965 00 
 
 988,967 62 
 
 741.733 43 
 
 31.935-933 10 
 
 4,625,625 41 
 
 130,000 00 
 
 575.113 <'>5 
 
 7(Xj,o99 47 
 
 32,363,992 53 
 
 6,076,031 70 
 
 IOO,CXX) (X) 
 
 736.534 23 
 
 1,015,124 j8 
 
 .34-57S,347 47 
 
 5.445.998 61 
 
 100,00(J 00 
 
 539.019 85 
 
 765,481 77 
 
 34.354.595 '5 
 
 5,240,386 87 
 
 100,0CX3 00 
 
 451.176 i\ 
 
 793.347 70 
 
 34,785,486 36 
 
 6.755.245 43 
 
 5,008,324 85 
 
 337.833 73 
 
 667,558 .34 
 
 33.577.700 45 
 
 4,8.t8,523 06 
 
 
 190,672 73 
 
 687,957 91 
 
 
58 
 
 Bank Statkmkn'ts : Liaiumtiks. 
 
 Hank Statkmexts: 
 
 3 1 -it December 
 each year. 
 
 1871. 
 1872. 
 
 Liabilities 
 
 not included 
 
 above. 
 
 $300,240 85 
 322>5<^< 59 I 
 
 Total liabilities. 
 
 Returns under these headings were made in compliance with 
 the provisions of the new Act, ist July, 1871, 34 Vic, 
 i:bap. 5. Assetitetl to 14th April, 1871. 
 
 $86,484,726 16 
 
 93,jSo,ioo 18 
 
 31SI I'ecembcr 
 eacll \'ear. 
 
 >873 
 1874 
 '875 
 1876 
 1877 
 1878 
 1879 
 
 Due to other 
 
 banks 
 
 
 in Canada. 
 
 
 $1,549,297 
 
 30 
 
 2,059,647 
 
 28 
 
 2,017,040 
 
 31 
 
 1,586,836 46 
 
 2,152,402 
 
 9S 
 
 1,828,410 
 
 ^3' 
 
 3.093>3o6 
 
 04 
 
 Due to agencies of 
 
 Due lo agencies of 
 
 l.ialiilities not 
 
 
 the bank or to other 
 
 llie bank or tbe bank 
 
 included 
 
 
 banks or agL-nuius 
 
 itself, or 10 ulller 
 
 under foregoing 
 
 Total li.ibililicN. 
 
 in foreign countries. 
 
 banks ur aj;encies in 
 
 heads. 
 
 
 
 the United Kingtloni. 
 
 
 
 $820,656 37 
 
 $4,781,957 00 
 
 $519,299 S3 
 
 ■ 
 
 $104,526,166 86 
 
 833.S71 13 
 
 9.235,920 45 
 
 443,240 22 
 
 126,090,487 17 
 
 193.223 53 
 
 1,890,921 i2 
 
 230.2.59 53 
 
 97.363,173 86 
 
 1,033,010 20 
 
 1.730,332 92 
 
 272,341 98 
 
 101,192,533 73 
 
 180,302 93 
 
 1,206,406 40 
 
 294,154 OS 
 
 96,976,027 55 
 
 289,123 71 
 
 • .317.139 39 1 402,4'J') 17 
 
 97.332,543 ^^ 
 
 75.9i>4 27 
 
 587,194 05 . 400,64s 84 
 
 105,802,821 52 
 
 jist December 
 each year. 
 
 Provincial riovern- 
 meiU deposits pay- 
 able after notice »>i 
 on a tixcd day. 
 
 1880 $596,107 34 
 
 1881 ! 711.157 99 
 
 18S2 i 1,418,307 64 
 
 18S3 I 2,434,596 60 
 
 18S4. 
 1885. 
 1886. 
 1887. 
 1888. 
 1889 
 
 1,893,511 18' 
 1,475,129 45 ! 
 508,929 83 
 1,169,213 68 
 1,907,809 73 
 2,004,104 62 
 
 Other deposits pay- 
 able on demand. 
 
 $42,179,627 70 
 
 45.958,529 76 
 
 47.457.360 16 
 
 44,594,048 17 
 
 42,904,831 48 
 
 52,119,199 84 
 
 50,750,882 95 
 
 48,981,273 55 
 
 55,725,682 60 
 
 55,224,648 26 
 
 Other Hepo",il>. pay- 
 able after nutii.e or 
 on a fixed day. 
 
 $37,059,788 42 
 
 43.637.0-9 30 
 
 40,422,184 70 
 
 52,015,098 38 
 
 49.405,039 69 
 
 49.-48,931 18 
 
 54,020,047 40 
 
 56,618,392 04 
 
 66,152,756 23 
 
 71,019,107 73 
 
 Loan^ from or l^oan.s from or de- 
 deposits made posits made by other 
 by olhei b.mks banks in C'ana'Ja 
 in Cati.\da tmsecured. 
 sectired. 
 
 $1,848,184 30 
 
 1.776,977 45 
 
 l,o<)2,865 ?(> 
 
 1,183,288 83 
 
 1,1 13,220 71 
 
 1,246,377 27 
 
 1.559.473 95 
 2,180,130 75 
 1,770,067 47 
 1.791.409 35 
 
 $ 14,000 00 
 310,295 71 
 
 352,027 18 
 
 30,000 IX) 
 
mmm 
 
 Bank Statemknt.s : Liaiumtikh. 
 
 59 
 
 LlAniLlTiE,s (Concluded.) 
 
 Itank'i and Itaiiliin;^ ;imciuleii. K(irm of return chariKetl, 36 
 V 'c. ciiap. 43. As^.L■lltecl (u jjrii M;iy, 1873. l'"irst re- 
 ijrns under tlicsc heiidings, July, 1873. 
 
 Ilcii; lo olher 
 
 Due to agencies of 
 hank or to otljer 
 
 luiiks ill Caniida. 
 
 l)ank!i or ajjeiicics in 
 foreign countries. 
 
 $1,180,508 28 
 
 $168,651 49 
 
 1,07 1,797 73 
 
 171,521 41 
 
 1,577,020 51 
 
 211,375 81 
 
 1,254,325 94 
 
 155,141 16 
 
 ■.<J74,53i 31 
 1,645,316 99 
 
 60, 104 44 
 112,512 46 
 
 845.195 47 
 890,960 71 
 
 124,409 52 
 S9,433 83 
 
 933,203 57 
 736,893 48 
 
 93,529 22 
 79,174 81 
 
 Due to agencies of 
 bank or lo other 
 
 banks or agencies In 
 United Kingdom. 
 
 Liabilities not in- 
 
 cI'Kled under 
 foregoing heads. 
 
 $ 
 
 295,940 09 
 
 5«5.7o2 73 
 
 ',349.442 76 
 
 1,430, >7i 3S 
 
 339.653 97 
 
 472,895 17 
 
 916,040 03 
 
 1.9^," 013 43 
 
 1. 503.31' 75 I 
 1,057,030 26 j 
 
 I Total lialiilities. 
 
 $260,534 18 
 321,278 22 
 336,265 30 
 
 378,906 99 
 
 306,977 84 
 
 328,207 45 
 364,628 21 [ 
 422,679 11 I 
 
 368,101 93 ; 
 437,161 89 
 
 $121,471 
 140,346 
 
 149,749 
 145,812 
 
 135.374 
 147,44a 
 
 150,5 
 153.218. 
 176,360 
 171,684 
 
 ,722 14 
 311 58 
 ,536 10 
 
 744 07 
 .937 96 
 ,252 65 
 .455 06 
 ,603 15 
 .938 39 
 .384 55 
 
 I 43 Vic, chap. 22, an 
 
 j Act relating to Hanks 
 
 : and Hanking, to con- 
 
 I liinie for a limited 
 
 ! time the charters of 
 
 certain Hanks to 
 
 which the Act ap- 
 
 plie*', and changes 
 
 ' form of return to Ki- 
 
 I nanue deparltnenl. 
 
 ': Assented to 7th May, 
 
 ! i88q. 
 
LIST OF STOCK AND MONEY BROKERS. 
 
 Halifax, N.S.- 
 
 Faiquhar, Forrest & Co. 
 Mackintosh, Jas. C. 
 Mather, B. Ahnon. 
 
 London, O.- 
 Clark, K. S. 
 Taylor & Sifloii. 
 NVrij^ht, John. 
 
 Montreal, Q.— 
 
 liaxler, James, tv Co. 
 
 Helleau & Haniford. 
 
 liryvin, Miixwell & Co. 
 
 liurncl k Co. 
 
 Coplanil it (.'o. 
 
 Cox ifc Creon. 
 
 Drolet & Clp'rc. 
 
 Fenwick, \\. J. [.See card opp. liank Act 
 
 Forget, '^. J., & Co. 
 
 Frase"^, U. Torrance. 
 
 Hanson Bros. 
 
 Moat R. & J. 
 
 Nicliols & Marler. 
 
 Oswald Bros. [See inssde front cover 
 
 Simpson, I. Cradock. 
 
 Weir, W., & .Sons. ; • 
 
 Norwood, O.— 
 
 Fitzgiblion, fas. C. 
 
 [See card Private Bankers 
 
 Ottawa, 0. 
 
 liehbington, Dean & Co. 
 
 [See card in Private liankers 
 Machray &Co., Robert. 
 
 Quebec, Q. 
 
 Dinal, K. 11. 
 
 St. John, N.B.- 
 Clinch, J. c. 
 
 Lockhart, \V. A. 
 Robin.son, I. M. 
 Wells, J. 1'. 
 
 Toronto, O. - 
 
 .Mexander & Fert;iisson. 
 
 [Bank (jf Commerce Bldg., 25 King W 
 Beaty, Robt., & Co. 
 Cassels, .Son & Co. 
 Clarkson, 1".. R. C. 
 Cooper, Wm. J. 
 l)ay&C:o. 
 I'loming, R. J. 
 
 ('■enercux it I.loyd. • 
 
 C.ritiith, Sawle it Co. 
 ( i/.ouski, C. S., Jr. 
 Hatch it Loyd. 
 Henderson, J. 1). 
 llmne, Browne it Co. 
 Hiuiler it Co. 
 Irish, M. H. 
 Lake, E., it Co., 
 Lane, Richard. 
 Lownesijrwugh it Co. 
 Mc'Jaul it Cayley. 
 
 Moran, J. S. , 
 
 Morrison, Ilallamore. 
 Osier it I lammond. 
 I'ellall & I'ellatt. 
 Kobbins Bros. 
 Smith it Johnson. 
 Spnude, R. K. 
 Stark, John it Co. 
 Stinson, U. A. 
 Thomson, Dimstan. 
 Walton it Lightbourne. 
 
 Winnipeg, Man. - 
 
 AUoway & ( hampion. 
 
 Collins it Co. 
 Drmnmond Bros. 
 McKilligen, |ohn B. 
 Ray, Street & Co. 
 
 [See inside back cover 
 
 
 
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PART II. 
 
 ACTS OF THE PARLIAMENT OF THE DOMINION OF CANADA 
 RELATING TO FINANCE, VIZ : 
 
 An Act respecting Tianks and r)ankiiig. 
 
 An Act respecting Insolvent ]5anks. 
 
 An Act respecting Insolvent Hanks, Insurance Companies, Loan Companies, Build- 
 ing Societies and Trading Corporations, with Amendment 52 Vie., ehan. 32. 
 
 An Act respecting the Currency. 
 
 An Act respecting Dominion Notes. 
 
 An Act respecting Insurance, with Amendment 51 Vic., chap. 28. 
 
 An Act relating to Hills of Exchange, Cheiiues and Promissory Notes. 
 
 An Act respecting Savings Banks in the Province of (,)uel)ee. 
 
Hirf; 
 
 Advertisements, 
 
 Zhc 
 
 TR/IDE REl/IEW AND INSURANCE CHRONICLE 
 
 The Favorite Trade Journal of Canadian Bankers, Merchants, 
 Insurance Men, Loan Agents and Lawyers. 
 
 Established Tiventy-fottr Years, and CirciLlatcs in the 
 
 Dominion from Prince Edward Island to Victoria, 
 
 as well as in the leading Cities of Great Britain, 
 
 IT IS DEVOTED TO THE ELUCIDATION OF MATTERS 
 CONNECTED WITH 
 
 FINANCE, COMMERCE, BANKING, INSURANCE, RAILWAYS, 
 
 MINES, NAVIGATION, INVESTMENT, COMMERCIAL LAW, 
 PUBLIC COMPANIES and JOINT STOCK ENTERPRISE. 
 
 ZPTJBLISHED -BT^-E^TE^rZ- "VsTEEK: 
 
 72 CHURCH STREET, TORONTO 
 
 At $2 per Annum. 
 
Advertisements. 
 
 V/. I. FENV/ICK, 
 
 (Member Montreal Stock Exchange) 
 
 stock: brokies,, 
 
 STOCKS, BONDS, ETC., 
 
 DEALT IN FOR CASH OR ON MARGIN. 
 
 Agent for J. B. HURLBUT & CO., 
 
 Commission Merchants, of Chicago. 
 
 Grain, Pork, Lard, etc., etc., bought and sold for delivery 
 
 or on manjin. 
 
 V. O. Box 613. 
 
 Bei.i, Telephone, 1576. 
 
 CANADA SHIPPING COMPANY 
 
 OF STEAMSHIPS 
 
 Sailine: Weekly between Montreal and Liverpool during: 
 
 Sifmmer Season, and between 
 
 New York and Liverpool durinfir Winter Season. 
 
 Saloon Tickets, Montreal to Liverpool, $40, $50 and $60. Return Tickets, $80, $90 and $110, 
 
 according to Steamer and Accommodation. Steerage and Intermediate at Low Rates. 
 For further particulars and to secure Berth;, apply to 
 
 H. £. MURRAY, Gen'l Manager, 
 
 4 Custom House Square, Montreal. 
 
 Or to the Local Agents in the different Towns and Cities. 
 
 CHAMPION - 
 
 BURGLAR-PROOF 
 
 THE BEST SAFE MAKER 
 
 Also, Vault Doors, Express Chests, iron 
 Money Tills, &c. send for catalogue. 
 
 W S- S. KZIDVCB^^LL 
 
 p. 0. BOX 945. 
 
 577 CRAIG ST., MONTREAL 
 
53 VICTORIA. 
 
 II 
 
 CHAP. 81. 
 
 All Aft I'cspoctiiiff Ranks and Bfuikino-. 
 
 [Assented to i6th May, /Spo.] 
 
 ER MAJESTY, hy and with tlic advice iind consiMit of tlie 
 Senate and House of'Connnons of" Canada, enacts as tV)llows: — 
 
 SHOUT "FTLE. 
 
 I. This Act niav lie cited as " 7V/i' /in///; Act." 
 
 Sliort title. 
 
 INTKI{PIiKT.\TI()\. 
 
 2i In this y\ct, unless tht context otlievwise ftMpiires, — 
 
 (('■) Tlie expression "the l)aid\ " nienns ;iny liank to wliich this Act 
 applit's : 
 
 (/'■) 'I'he expression " Treastny Board " means the hoard ])rovided 
 for liy section nine of chaptei- twenty-eiyht of the llevisi'd Statutes 
 of t'aniida, or any Act in amendment tliereof or siihstitution therefor ; 
 
 ('(".j Tlie ,'xpression '■ o-oods. wares and mercliniidise " inchnh's, in 
 iuhhtion to tlie thini;'s usually tindei'stood therehy, timlier, deals, 
 hoards, sta\'es, saw-Ioes ;uid other luiidier, petroleum, crude oil, and 
 .ill an'i'icultural produce and other articles of conmierce : 
 
 (d.) 'I'he ex])ression ■warehouse receipt," means any I'eceipt jriviui 
 hy any ])erson for any eviods, wares, or merchandise, in his actual, 
 \isilile ,ind continneil possession, as liailee thereof, in yood faith, and 
 not as of his own property, and includes I'eceipts ei\-eii hy any person 
 who is the owner or keeper of a haihor. co\c. jxind, wharf, yard, 
 warehouse, shed, storehouse or other ])lace foi' the storaj^'e of o'oods, 
 wares or merchandise, for j^dods, wai'es and mercliandise delivei'tid to 
 liini as hailee and actually in the |)lace, or in one or more of the 
 places owned or kejit liy him, whethei' such ])ersou is en^'a^ed in other 
 liusiness or not : 
 
 (e.) The expression " hill of ladine-" includes all receipts for ^niods, 
 wares or merchandise, accom|ianieil hy an undertakinii' to transjiort 
 the same from the place where they were received to some other 
 place, whether hy land or water, or partly liy land and ])artly hy 
 w.iter, ami hy any mode of cari'ia^e wdiatexcr : 
 
 if.) The word "manufacturer" includes maltsters, distillers, hrew- 
 ers, refiners and jirodncers of petroleum, tanners, ctu'i-rs, packers, can- 
 uers of meat, pork, lish, fruit or vee'etahles, and any person who 
 produces hy hand, ai't, process or mechanical means any goods, wares 
 or iiiorchandise. 
 
 Interpreta- 
 tion. 
 "The l)ank." 
 
 " Treasury 
 hoard." 
 
 " fioods, 
 wares and 
 mercliandise." 
 
 " Warehouse 
 receipt." 
 
 "Hill of lad- 
 ing. " 
 
 " Manufac- 
 turer." 
 
Ofi 
 
 An Act Re.spectin(! Banks and Bankino. 
 
 AI'IM.KATIOX OK Af'T. 
 
 To what 1)anks 
 till' Act ap- 
 plies. 
 
 3. 'I'lic pritxisioiis nl' tills Act. '•vi>l>ly to the several Iiiinks cnuiiR'- 
 niti'il ill Sclu'cliilc A to this y\('t, ainl to ^'\■^'ry ]muk iii('(»i-|)<ii-Mtr(l iit'tcu- 
 tlic Hrst (liiy ol' .lummry, in tJic yciiroiic thousand ci^^Iit liiiiKh'cd ami 
 ninety, whether this Act is specially nieiitioneil in its Act of incor- 
 poration or not, hut not to any other liank, except us hcreinat'ter 
 specially jirovided. 
 
 Charters con- 
 tin\if(l to 1st 
 July, 1901. 
 
 As to other 
 particulars. 
 
 Proviso : as ti 
 forfeiture. 
 
 What provi- 
 sions shall 
 apply to La 
 Hanciue du 
 I'euple. 
 
 I'oviso : as to 
 directors. 
 
 Inconsistent 
 
 enacliiiciits 
 
 repealeil. 
 
 What provi- 
 sions shall ap 
 ply to the 
 
 4^ The charters or Acts of incorporation, and any Acts in antend- 
 iiient thereof, of the several hanks eiinnierateil in Schedule A to this 
 Act are continued in force, so far as reoards the incorporation and 
 corj)orate name, the amount of capital stock, tlu.' amount of each share 
 of such stock and the chief jilace of hiisiness of each hank, until the 
 first day of 'luly, in the year one thousand nine hundre(l and one, 
 subject to the ri^'ht of each hank to increase or reduce its capital 
 stock in the niaiiner hereinafter provided : and as to al! otiier 
 ])articulars this Act shall form aii<l he the charter of each of the said 
 hanks until the said first thiy of July, in the year one thousand nine 
 hundred ami one, — suhject in the case of La i^aiKjue du I'eupli- to the 
 provisions hereinafter maile in respect to that hank : Providecj 
 always, that the saiil charters or Acts of incorjioratioii are lierehy 
 continued in force (aily in so far as they,oi' any of them, are not for- 
 feited or rendered void under the terms tlu'reof, or of this Act, oi" of 
 any other Act jiassi^l, or to he passed, hy reason of the noii-perforiii- 
 ance of the conditions thereof, or hy insolvency, or otherwise. 
 
 5. All the provisions of this* Act, except those contaiiKMJ in sections 
 three, six to seventt'cn (hotli inclusive), nineteen to twenty seven (hotli 
 inclusive), thirty-three, forty-tive, and eifj;hty-nine to ninety-six (hotli 
 inclusive), ai>ply to La i^ampie du I'euple: Provided, that wherever 
 the W(a-d "directors" is used in any of the sections which apply to 
 the said liank, it shall lie reatl and construed as meaning' the princi[)al 
 ])ai'tners or memhers of the cor|)or;ition of the said hank : and so 
 iiuicli of the Act incorporatino' the said liank, or of any Act amendiiio- 
 or coiitinuino' it, as is inciaisisteiit with any section of this Act apply- 
 iiio- to the said hank, or which maki's any pro\isioii in any inattei' 
 pi'oxided for hy such sections otlier than such as is hereliy made, is 
 herehy repealed; otherwise tlie said Acts are continued in force, sub- 
 ject to the ])roviso contained in section four of this Act. 
 
 6> The pro\isions contained in sectiiais two, seven, thirty-seven, 
 forty-sexcn to ein'hty-eioht (hoth inclusi\-e), and iiinety-se\eii to one 
 
 Ba'nksof' hundred and four "(liotli inclusive), ap])ly t^) the 15aiik of British 
 
 British North ^^'orth America and the Bank of British ("olumhia respectively: and 
 
 America and the provisicais coiitaiueil in the otlit^r sect'ons of this Act do notapph' 
 
 "fI*-<^- to the said liank s. 
 
 Chief scat of 7. Foi" tlie ])urposes of the sevt'ral sections of this Act made a])])li- 
 
 business of the cahle to the I^'iiik of Jbitish North America and the liank of British 
 
 .s.iid banks. Columbia, the chief othce of the I'.ank of P.ritish X.irth America shall 
 
 be the office of the Bank at Montreal, in the I'rovince of (Quebec, and 
 
 the chief office of the Bank of British Columbia shall lie the office of 
 
 the bank at Victoria, in the Province of Biitish Columbia. 
 
An A(t REsi'KCTiNfi Banks and BANKiNTi. 
 
 (i7 
 
 8> Tlio provisions <ii' this Act, timy Ix' <'xtfii<lc<l to tin- Mcrplmnts' ""w Mcr- 
 I'.Miik of Priiu'c E.l\var.l Isimi.l \<y the Troisury l^.-iird, uix.ii tli.- "llKmy 
 ,i|i]ili('iitioii ot" tilt' (lifcrtors ol" tlit- sjiid lumiv, Ipct'orf tin- fX]iirution ol' comf umler 
 the |ircsciit. cliiutci' of the said liiini< : find iqion pulilicjition in the lUis Act. 
 Ciitnu/'i (iazi'Iff of till' I'csointion nf tln' directors fi|)|(lyin^ liiTcnndcr, 
 iuid of till' minute of tiie 'I'lCiisuiy IJounl thereon allowing' such appli- 
 p.tion, till! jirovisions of this Act sluill, from tlu; time named in such 
 minute, or if there is no time named tlierein, from the date of 
 tlie laililication thereof in the Catuuia iiazelle,i\\i\Ay to the said bank : 
 and its charter iin<l Act of iiicorjioration, and any Acts in amendment 
 thereof, shall thereU|>on he extended for the same time and to the ex- 
 tent as it' the name of theVsaid liaiik had lieen included in Schedule A 
 to this Act. 
 
 INCORPOnATloX AM) onfiAMZATION OK liANKS. 
 
 9. 'Pile oa])ital stock of eveiy liaiik liei'eafter incorporated, the Maticrsto be 
 name of the liank, the ])lace where its chief ofHce is to he situate, and provided for in 
 the name of the ]iro\isional directors shall he declai'ed in the Act of ''■1"^'^'''' 
 incorporation of every such hank : 
 
 2. An Act of incorpia'ation of a hank in the f<a'm set ftu'tli in Form of Act 
 Schedule 1) to this y\ct shall he construed to confer upon the hank "Hncorpora- 
 tliereliy incor])orated all the powers, ])rivileo-es and immunities, and 
 t(i suhject it to all the liahilities and provisitais set forth in this Act. 
 
 10. The ca])ital stock of any hank hereafter incor])orate(l shall he Capital stock 
 not le.ss than five hundred tli(aisand dollars, and shall he divided into f>"'' shares, 
 shares of one hundred dollars each. 
 
 11. The mniiher of jirovisional directors shall he not less than five Provisional 
 imr more than ten, and they shall liolil otiice until directors "''f^^ciors. 
 are elected hy the siihscrihers to tlu! stock, as hei'einafter jirovided. 
 
 12. For the purpose of or^fanizino- the hank, the pro\isioiial Opening' of 
 directors may cause stock hooks to he opened, after ^'ivinff public stock books, 
 iintice thereof, — tijioii which stock books shall he recorded the sub- 
 scriptions of such persons as desire to become shareholders in the 
 
 hank: and such book shall be o])eneii at the place where the chief 
 ortice of the bank is to be situate, and elsewhere, in the discretion of 
 the provisional diivctors, and may be ke[)t open for sticli time as they 
 ileelil necessai'V. 
 
 I3< So soon as a sum not. less than ti\'e hundred thousand dollars l-'irst mcetini; 
 (if the capital stock of the liaiik has lieeii /w/(? //V/c subscribed, and a "f -^I'l'scribers. 
 sum not less than two hundreil and tift\' thousand dollars tliei'inif has 
 liirii ])aid to the Minister of Finance and Receiver CJeneral, tl»e pro- 
 visional directors may, by ])ulilic notice, publisheil, for at least foiu' Notice. 
 Weeks, call a meetino- of the subscribers to the said stock, to hi- held 
 ill the place named in the Act of incor])oration as the chief place of 
 liiisiness of the bank, at such timi' aiul at sticli place therein as set 
 I'ufth in the said notice: at which meetino' the subscribers shall 
 'leteniiine the day iijioii which the annual f^'eneral meeting of 
 till' hank is to be held, ami shall elect such number of dii'ectors, duly I'-li^^ciion of 
 
 i|ualitied under this Act, not le.ss than tive nor more than ten, as they 
 think necessary, who shall hold office until the annual genei'al meet- 
 
 directors. 
 
 • 
 
i^ 
 
 08 
 
 Conditions 
 previous to 
 coinnicnciiif; 
 business liy 
 new hanks. 
 
 An Aot REsPFX'TiNd Hanks and Rankino. 
 
 infj in tlio year next siifocodiii',' their cli'etion ; mid ujnm the election 
 of (lii'cctofs us iit'oresaiil the t'tnictioiis of tlie [)ro\isi(»nal diri'ctofs 
 sliiiU cense. 
 
 I^. 'Pile l)iiiilv sludl not issue notes nor connnence Mie l)usine.ss of 
 hiudsii If.,' until it hns olit;iined fconi the Treasniy i!oiir(| a ceftilicate 
 pennittinj;' it to do so, and no ai)|)lication fof sncli certificate siiall l»e 
 made until directors liave been elected hy the suhscriliers to the stock 
 in the maiuier hereinliefore provideil : and every director, provisional 
 <lirector, or other person, issninir or anthoriziiiff the issue of the notes 
 of such hank or transactin<^ or authori/,in<f the transaction of 
 any liusim in connection with such l>aid<, exce|»t such as is herein- 
 liefore pro\ ided, lud'ore the olitainiiio' of the certiticate fi'oiii the 
 Treasury Board, shall he J(uilty of an offence a^'ain.st this Act. 
 
 I5> No certificate shall he^dveii hy the Treasiuy Hoard initil it has 
 heen shown to the satisfaction of the Hoard hy allidavit or otherwise, 
 that all the re(|uireMa'nts of this Act and of the sjiecial Act of incor- 
 poration of the hank, as to the jiaynient re(iuired to he made to the 
 Minister of I'^iiianee and Receiver ( ii'neral, the election of directors, 
 deposit for security for note issue, or otherwise, have hc'ii complied 
 with, and that th(! sum so paid was then held l>y the Minister of 
 Finance and Receixer ( ieneral : and no certificate as aforesaid shall he 
 ifiveii except within one year from the passin<;' of the Act of incoi'- 
 poration of the haidc apjilyin^' for the said certificate. 
 
 If curiificate is 16. lu the event of the hank not ohtainin<r a C(>rtificate from the 
 
 notgrantecl. Treasiny Hoard within one year from the time of the passing- of its 
 
 Act of incorporation, all the riohts ])ow('rs and privileovs conferred 
 
 on such hank hy its Act of incorporation shall thereupon cease and 
 
 determine and he of no force iind effect whatever. 
 
 Wlien certifi- 
 catf njay l)c 
 (granted. 
 
 Disposal of 
 amount depo- 
 sitcil witli 
 Minister of 
 Finance. 
 
 17. l^])on the issue of the certificate in maiuier hereitdiefore pro- 
 vided, the Ministei' of b'inance and UcceiNcr (Jeneral shall forthwith 
 pay to the haid\ the amotnit of money so dejiositeil with him as afore- 
 said, without interest, after deductin^f therefrom the amount recpiired 
 to he deposited under section fifty-four of this Act: and in case im 
 certificate is issued liy the Treastny IJoard within the time limited 
 foi' the issue thereof, the amount so deposited shall he rettn'Ued to 
 the person depositino' the same: hut in no case shall the Minister of 
 Finance and Heceixcr ( leiieral he tnider any ohlio'atioii to see to tin 
 proper application of the same in any way. 
 
 INTEIINAI, IIEOITLATION.S. 
 
 Hylaws may 
 be made. 
 
 18. The sharehold(!rs of the hank (or, in the case of La Hainpie du 
 I'euple, the principal partners or inemhers of the corporation thereof), 
 may reo;idate, hy i>y-law, the followinif matters incident to the man- 
 agement and administration of the affairs of the hank, that is to say : 
 The ilay upon which the annual general meeting of the shareholders 
 for the election of directors shall he held : the record to he kef)t of 
 ])roxies, and the time, not exceedinir thirty days, within which proxies 
 must he j>roduced an<l recorded priia' to a meeting in ca-der to entitle 
 the holder to vote thereon: the numher of the directors, which shall 
 not be less than five and not more than ten, and the (juorum thereof. 
 
An Act UEsi'K<TiN(i Banks and Bankino. 
 
 (i9 
 
 uliicli shall not Ih- Iohh tluvn tlirt-c ; tlicii' i|Uiilili(')iti(>ii, sulijtsct to the 
 jiiiivisioiiH iKToiiiaftiT imule : tin- method of tilling' vacancieH in tlic 
 liiiiinl of (lii'cctoi's whcncviT the saiiic occur ilurin^r idi year, and 
 fill' tiiiio and pi'dcccdinos for tln' election of direi'tors, in case of a 
 liiiliuc of any election on the day appointed for it; the rennnicsration 
 lit' the president, vic(!-president and other directors; and the amount 
 (if discounts or loans which may lie made to directors, either jointly 
 (ir sevei'ally, oi' to any one firm oi- person, or to any shareholder, or 
 ti) cd.'poi'ations : 
 
 2. The shareholders may authorize the directors to estahlish (Guarantee ami 
 guarantee and ])ension fmids for the otlicers and emplo^-ees of the 1"-'"'*'"" '""''s- 
 liaid< and their families, and to contrihute thei'etu out of the funds of 
 the bank : 
 
 '.]. Until it is otherwise prescrilied liy law under this section, the Cenain by- 
 liy-laws of the hank on any matter which may he re^ulateil hy hy- »w.s cn- 
 law uniler this section shall remain in force, except as to any 
 ]ii'ii\ision fixing the (pialitication of directoi's at an amount less than 
 that ])rescrii)ed \>y this Act; and no person shall lie elected or con- 
 tinue to he a director unless he holds stock paid up to tlu; amount 
 ri'ipiii-ed hy this Act, or such ^n'eater amount as is reiiuii'ed hy 
 any hy-law in that liehalf : 
 
 4. 'I'lie foi'eo'oinn' proxisions of this section, touch in<^ directors, shall Hantnie tlu 
 not apply to La Bampie du l\'U|ile, which shall in these matters he ''y"l^'j-' *■■"■ 
 ifiiverned hy the pi'ovisions of its charter. 
 
 19. The stock, property, art'airs and concerns of the hank shall he 
 iiiaiia^fed hy a hoard of dii-ectors, who sliall he elected animally in 
 niannei' hereinafter jaovideil, and shall he eli^nhle foi' re-electi(ai : 
 
 2. Each director shall hold capital stock of the hank as foUows : — 
 When the paid-up ca])ital stock is one million dollars (a- less, each 
 director shall hold stock on whitji not less than three thousand 
 dollars has heen paid up; when the paid-up capital stock is over one 
 iiiillioii dollars and does not exceed three ndllion dollars, each director 
 shall hold stock on which not less than four thtai.sand dollars 
 has heen paid up; and when the ])aid-up ca[)ital stock exceeds three 
 million dollars, each dii'ector shall hold stock on which not less than 
 the tlaaisand dollars has heen paid up: 
 
 ;}. A majority of the directors shall he natural-horn or naturalized 
 suhjects of Her Majesty: 
 
 4. The directors shall he elected hy the shareholders on such day 
 in each year as is ap])ointed hy the char<-,er or hy any hy-law of the 
 hank, and such eU'ction shall take place at the head office of 
 the haid< at such time of the (hiy as the din'ctia's appoint; and pub- 
 lic notice thereof shall he ^dven hy the directors, hy ])uhlishinfr the 
 same for at least tour weeks ])revi(ais to the time of holding' such 
 election, in a newspa])er jjuhlished at the place wdiere the saiil head 
 fitlice is situate : 
 
 5. The persons, to the nundier authorized to he elected, who have 
 the greatest number oi votes at any election, shall be directors: 
 
 (). If it ha])pens at any election that two or moi-e j)ersons have an 
 iijiuil nundier of votes and the electi(ai or ncai-election of one <a' more 
 of such pei'sons as a director or directors de})ends on such equality, 
 then the flirectors who have a great<'i' nundier, or the majority of 
 them, shall determine which of the said persons .so having an e(iual 
 number of votes .shall be the director or dii'ectors, so as to complete 
 
 Hoard of 
 diruclors. 
 
 Qualification. 
 
 Majority to be 
 Hritish sub- 
 jects. 
 
 Election. 
 
 Notice. 
 
 Who shall 1)0 
 directors. 
 
 Provision in 
 case of e<|ual- 
 ity of votes. 
 
70 
 
 An Act IlKsi-KcriNd IJanks and |{ankin(;. 
 
 RItfCtion (il 
 prvsident, tVc 
 
 V'ncnncies, 
 how tilled. 
 
 the full iiuiiilici' : niid tlic sniil ilirrctni's, as soon us iiiiiy lir, ni'U'V t\\v 
 Hiiid I'lcetimi, hIiiiII procwtl to I'Icct, \ty Imllot, two of tiicir imiiilicr tn 
 lie prcsidciit ami Nicc-prcsiijciit, r('s|)cctivcl\' : 
 
 7. If II viu'iiiicy (K'ciirs in the IhuiiiI of ilii't'ctors, sucli \acaiicy simll 
 lie filled in the nuiMiicr |ii'<ividcil liy tlic liy-liiws; Imt tin- iioii-tillin;,' 
 of till' viicaiicy shall not vitiate the acts of a i|iinriiiii of the reniaiiiiui; 
 ilii'eetors; and if the \aeancy so createil is in the otliee of the presi 
 dent oi' vice-president, the directors shall, from anion<( themselves, 
 elect a president or \ice-president. who shall continue in otliee for the 
 remainder of the V'''H'- 
 
 Trovision in 20. If an election of directors is not made on the day appointe<l 
 
 caso of failure ^^ ^| ^ i)ui'i)osc, sucli election of direct(»rs niav^ take place on any 
 of elccliDii. , , ' ' 1- , ,1 1 1 II il 1 111 ■ ,1 ■ 
 
 otiier day accordnie- to the oy-laws made oy the shareholders ni that 
 
 hehalf ; and the directors then in olhce shall icmain in otliee until a 
 now election is made. 
 
 Mec'tin(;s of 
 (lireclors. 
 
 ('asliii(; vote 
 (if prL'siiliii(4 
 director. 
 
 21. At all meetings of the diicciors, the president, or in his ahsence 
 this vice-j)resident, or in tin- ahsence of lioth of them, one of the 
 directors present, chosen to act /'ri> /cw/xm; sUiiW pi'eside ; and the 
 president, vice-president or president /w /cw/f^/r so pi'esidinf^' shall 
 vote as a director, and if there is an eipial di\ ision on any ipiestion 
 shall also have a ea.stin<i' vote. 
 
 General jiow 
 ers of direc- 
 tors. 
 
 22. 'I'lie directoi's may make hy-laws and reo'idations (not reptii,' 
 nant to the pi'o\isions of this Act or the laws of Canada) touchin;^- 
 the manajrement and disposition of the stock, property, att'airs and 
 concerns of the liaid\, and touchino' the duties and conduct of the 
 officers, clerks und sei'vants employed theicin, and all such other 
 Proviso: as to matters US appertain to the husine.ss of a hank: Provided always, 
 by-laws In that all hy-laws of the hank heretofore lawfully made and now in 
 
 force, in I'e^ard to any matter icsjiectin^i;' which the directors may 
 make hy-laws under this .section (includine; any liy-laws for estahlish- 
 in^r (rnarantei' an<l ])ension funds foi' the employees of the hank), 
 sliall remain in force until they are repealed or altered liy others made 
 under this Act. 
 
 force. 
 
 AppoinUiient 
 of officers, Ac. 
 
 Security to 
 given. 
 
 Special gener- 
 al meetings. 
 
 Removal of 
 president, 
 director, &c, 
 
 23< The directors may appoint as many officers, clerks and 
 serxants for carryiiio' on the hiisiness of the hank, and with such 
 salaries and allowauccH, as they consider neee.ssar^'.and they may also 
 appoint a director or directors for any hranch of the hank : 
 
 2. Before pernnttino' any cashier, officer, clerk or servant of the 
 hank to enter upon the duties of his otliee, the directors shall reipiire 
 him to f^ive liond, guarantee, or other security to the satisfaction 
 of the directors, for the due and faithfid jierformance of his duties. 
 
 24. The directors of the liank, or any four of them, — i>v any 
 luindier not less than twenty-five of the shareholders of the hank, 
 who are too\'ther projirietors of at least one-tenth of the paid-up 
 ca[)ital stock of the hank, hy themscKcs oi' hy theii- ])i'oxies, - may, 
 at any time, call a special general nieetin"' of the shareholders, to he 
 held at their usual place of nieetinj^', upon ^"iviuff six weeks' previous 
 pulilic notice, specifyino- in such notice the oliject <if such meetinjf : 
 
 2. If the olject t)f any such special oeneral meetinj^' is to consider 
 the proposed removal of the president or vice-president, or of 
 
An Act llKsi'Kfn'iNd Hanks and Banking. 
 
 71 
 
 a ilircctor of tin- ImiiU, i'm- iiiala(lmiiiist»'atii»ii ur (ttlicr s|i('c*iHi,'il ami 
 ii|i|iar('ntly just cause, ami It' a majoiity of the votes of tlie 
 sliaielioMtM's at sui'li meeting is ^hncm for sUi li removal, a (lii'ectoi" to 
 n'|)lai'i' him shall he elected (ir a|>|)oiMte(l in the mannei- provided iiy 
 till' iiy-laws of the hank, or if there are no hy-laws |iro\i(liiiM; therefor, 
 then liy the shareholdi'rs at such mectinif; and if it is the pi.'sideiit 
 nr vice-pri'sideiit who is removed, his otKce shall he lilled hy the 
 ilinrfois in the manner provided in case of a vacancy occurrin;f in 
 the otlice of president ol' vice president. 
 
 Nfw cliTlion. 
 
 25> Kvery shareholder shall, on all occasions on which the votes of 
 the shai'choldei's are tahen, hu\e one vote for each share held hy him 
 for at least thirty days lieforc the time of meeting; and in all cases 
 when the votes of the shareholdei's are taken, the voting shall Ite hy 
 ' lot: 
 
 2. All (iuestioi\s proposed foi' the consideration of the shareholders 
 shall lie determined hy the majority of the votes of the shareholders 
 present in person or representeil hy pi'oxy ; and the chaii'iiian elected 
 111 |ii-eside at any such meeting of the shareholders shall vote 
 as a shareholder only, uidess there is a tie,- in which case, except as 
 to the election of a director, he shall have a casting- vote : 
 
 :!. If two or more persons are joint Imlilers of shares, any one of 
 such joint holders may he empowere(|, hy letter of attorney from the 
 other joint holdei- or holders, or a majority of thorn, to I'l'prcsent the 
 said shares, and v<ite accordinely : 
 
 4. Shareholders may \ote hy proxy, liut no |)ei'son other than a 
 sliai-eholder I'lieihle to Vote shall lie permitte(l to vote or act as such 
 proxy, and no manager, cashiei', clei'k oi' othei' suhordinate oflicer of 
 the hank shall vote either in pei'son or hy proxy, or hold a proxy for 
 that jairpose : 
 
 5, No ap]iointment of a proxy to vote at any meeting' of the share- 
 liolders of the hank shall he valid for that ]iurpose uidess it has heeii 
 Miade or renewi'(| in writin<jf within the two years next preceilin^ the 
 time of such meetinj; ; 
 
 (i. No shareholder shall vote, either in person or hy proxy, on any 
 i|Uestion ])ropose(| for the consideration of the shareholders of 
 the hank at any meetiiin'of such shareholders, or in any case in which 
 tlie votes of the shareholders of the hank are taken, unU'ss he 
 has ])aid all calls made hy the directcu's which are then due and 
 [layahle. 
 
 (;Al'lTAi. STOCK. 
 
 Villi's on 
 iliarc's. 
 
 Hnll'it. 
 
 Majority to 
 ilflLTiiiine. 
 
 \ 
 
 t'astiiijj vdle. 
 
 .\s to joint 
 
 lloldlTS of 
 
 shares. 
 
 I'roxic's. 
 
 Kuni'wal of 
 I'riixii's. 
 
 Ill coilain 
 rast's calls 
 iiuist he paid 
 hclori; voting;. 
 
 Increase of 
 capital. 
 
 .\pproval of 
 Treasury 
 
 26> The capital stock of the hank may he increased from time to 
 
 time, hy such percentage or hy such amount, as is determined upon 
 
 liy hy-law passed hy the shareholders, at the aiuuial general uieetinij, 
 
 or at any special ociieral nu'etiny called for the purpose : Provideil 
 
 always, that no such hy-law shall come into operation, or he of any ^r^.;^in^ 
 
 force Ol- ctf'ect, unless and until a certiHcate ajiproving thereof has linaul. 
 
 lioen issueil hy the Treasury lioard : 
 
 2. No such certificate shall he issued hy the Treasury Hoard luiless ,. ,. . 
 ■ • ,. i.1 L' • r -ii • i.1 i.1 !• i.1 L- !• <■ "ixhtions of 
 
 application tiiereror is made within three months trom the time or application 
 
 the passiiiff of such hy-l,av, iku' unless it appears to the satisfaction for approvah 
 
 of the Treasury Hoard that a copy of .such hy-law, to^^'ther with 
 
 notice of intention to apply for such certificate, luis heeii puhlishyd 
 
73 
 
 An Act llEsPEcTrNei Hanks ani> liAXKiNn. 
 
 tor at li'iwt fdur weeks in tlie Conndn Gaz(ttt\ hikI in (Hie or more 
 rie\VH|)ii|)ei's plltilislieil ill tlie |il)ice wlierc tlie eliiei" ntlice or pliice iil' 
 liiisiiu'SH <iF tile liuiik issituiite; iiotliiiij,' liereiii (•(iiitaiiieil, lidwever, 
 sliiill Ite C'oiistnieil ti) prevent the Treiisiiry limird tVoiii ret'iisiri/,' to 
 issue such {'ertillciite if it thinks liestsn to ilo. 
 
 Iluw stock 
 shall l)e allot- 
 ted. 
 
 27. Any of tlie ori;;iiial unsuliscrilied eanital stock, or of the in 
 creased stock of the hank, shall, when the directors so determine, lie 
 alloted t<t the then sharehulilers of the hank //v ruin, and at siieli rate 
 lis is fi' 1 hy the directors, luit no fiaetion of a share shall 
 bi) HO ah :c<l ; jji'ovided that in no case shall a rate lie fixed liy the 
 directors, wliich will make the |ii'eiiiiuiii (if any) Jiaid or payalile on 
 such stock soalloted exeerd the |)elcentMj,fe wiiieli tlie reserve fund of 
 the hank then hears to the |iaid-u|i capital stock thereof; and any of 
 such allotted stock which is not taken up hy the shareholder to whom 
 such allotment has heeii made, within six uitaiths fnan the time 
 when notice of the allotment, was mailed to his address, or which lu' 
 declines to accept, may he otl'ered for suliscription to the piililic, in 
 such manner and on such terms as the <lirectors prescrihe. 
 
 Capital slock 
 may be rcdiu- 
 ed. 
 
 Certificate of 
 
 Treasury 
 
 Board. 
 
 Statements to 
 l)e submitted. 
 
 Reduction not 
 to atlect lia- 
 bility of 
 shareholders. 
 
 28. The capital stock of the hank may he reduced hy hy-law 
 passed hy tlu' shareholders at the annual ^'i-neral meeting", or at a 
 special ^feiicral meetinj,' callecl for the purpose: hut no sucii hy-law 
 shall come into operation or he of force or eifect until a certiHcate, ap- 
 provinj-' thereof, has in'cii issued hy the Treasury Hoard: 
 
 2. No such certiHcate shall he issued hy the Treasury I'xianl unless 
 application therefor is made within tiiree months from the time of 
 the jiassinj; of the hy-law, nor unless it a])pears to the satisfaction of 
 the Hoard that tlie shareholders votino' for such li_\-law represent a 
 majority in value of all the shares then issued hy the hank, and that 
 a copy of till' hy-law, toijether with notice of intention to apply to 
 the Tn'asury Hoanl for the issue of a certiHcate appio\ ino- thereof, 
 has heeii |)iihlished for at least four weeks in the Cminda iiaze/h; and 
 in one or more newspapers puhlished in the place where the chief 
 office or place of husiness of the liank is situate: nothinj,' herein con- 
 tained, however, shall he construed to prevent the Treasury Board 
 from refusing,' to issue such certificate if it thinks hest so to do: 
 
 '\. In addition to evidence of the passing' of the hy-law and the 
 puhlication thereof in the manner ahovc provided, statements sho\vin;j 
 the amount of stock issued and the nuiiiher of shareholders, with tlic 
 amount of stock held hy each, represented at such iiieetiii<f, and the 
 iiuiiiher of shareholders, with the amount of stock held hy each, who 
 voted for such hy law, and also full statements of tlie assets and 
 liahilities of the hank, toj^'ether with a statement of the reasons and 
 causes why .such reiluction is s(aioht, shall he laid hefore the Treasury 
 Board at the time of the ajiplicatioii for the issue of a certiHcate ap- 
 proving,' sucli liy-law : 
 
 4. The pa-ssing of such hy-law, and any reduction of the capital 
 stock of the hank thereunder, shall not, in any way, diminish or inter 
 fere with the liahility of the shareholders of the hank to the creditors 
 thereof at the time of the issue of the certificate apjirovin^f such hy- 
 law : 
 
 a 
 
An Acr RRsiTCTiVfi Ranks and nANKi>f(i. 
 
 '). It", in liny cusc, It'^ri.sl.itioii \h Hoiij^lit to siiiictitm iiiiy nHliirtion of 
 llif ciipit.il stiiclx III' liny liiink, 11 coity ol" Mir liy-liiw (if rcHoliitinii 
 |i;issi'il lpy flic Nliiircliiililci'.s in rc^iinl tJicccto, t,o;i,'('tlicr with Mtatcinfiit.s 
 siiiiiliii' tn tlioHc (ili()\f |ti(i\ iili'd to lie laid lict'on' the Ti'i'iiHury Hoiinl, 
 sliiill Im' tilcil witli till' Minislfi'iif Kiniuicc nml l{('cciviT-( !i'iii>nil, iit 
 li'Mst OIK' iiioiiMi |ii-iiii' to the iiitriiiliK'liiiii iiitn I'liilinnii'iit nl' tlir Hill 
 irliitin;^ to such rcihiction : 
 
 (i. The ciiiiitfil shiill not hr rciliicfil lidow tlic niiioiint of two 
 hiiiiihH'il nml tit'ty thoiisiuid (lnjlnrs ol' |)iiiil-u|» stock. 
 
 78 
 
 ir li'LjiHlnlidn 
 is iiskcil til 
 siiiii'ii<in It- 
 ihiiiiiin. 
 
 Limit 111 ru- 
 iliK'liiin. 
 
 HIIAIir.S AM) CALLS. 
 
 29i 'I'll!' sliiifcs ol' till' cii|)itiit stock III' the liiink sluill lie |ici'soni(] 
 rstatc, iind shall lie nssi;^'iiiili|c hikI ti'iiiislVriililc iit the chid' |iliici' of 
 iiiisincHH of the liiink, or nt such of its hriinclicM, or afc such |)liicc oi- 
 [iliiccs in tlic Hniti'd Kiiiedoni, or in miy of the British coldnies or 
 |iiissessi()ns, iind iiccordiiij.f to such form, mid siiliject to such rules mid 
 ive;uliitions, IIS the directors |)rescrilie: mid hooks of sid»scri])tion iiinv 
 he o|ieiied, mid the dividends nccriiin^' on miy slinres of such stock 
 may he niaile paynlile at miy of the |)liices aforesaid : mid the directors 
 may ii|i|Miiiit such a^^eiits in the I'nited Kinoildni, or in miy of tlm 
 liiitisli ciildiiies (ir possessions, for the purposes of this section, iis tlie\' 
 ilei'iii necessar\'. 
 
 .SImri's aiul 
 IransfiT tliiTC 
 (if. 
 
 Mddks (if »iili 
 .scii|ili(m. 
 
 30> 'I'lie shares of tJie capital stock shall lie paid in liy such instal- 
 ments mid at such times and places as the directors np|>oiiifc : I'rovidcd 
 always, that the directors may cancel any suliscriptioii for any share 
 unless a sum e(|ual to ten per cent, at least on the aiiioiint siihscrilied 
 t'(ir is actually jiaid at the time of, or within thirty days after, the 
 time of siiliscriliiiie- : hut such cancellation shall not relieve the siih- 
 scrilier from his lialiility to creditors in the event of in.solvency us 
 liireiiiai'ter iiroxided. 
 
 I'ayiiKiil el" 
 shares. 
 
 I'ldvisd ; u-n 
 per ceiil. pay- 
 alile cm siili- 
 scriplidM. 
 
 31. The directors may make such calls of money from the several 
 sliareliolders for the time lieine-, upim the sliares siiiiseriiied for iiy 
 tliem respectively, as they Iind nece.s.sary : 
 
 2. Such calls shall lie iimdc at intervals of not- less than tliii'fcy days, 
 .(lid iijKin notice to lie yiveii at least thirty days pi'idr to the day on 
 which such call shall lie |)ayalile; and no such call shall exceed ten 
 per cent, of each share siiliscrilied. 
 
 Calls (in 
 shares. 
 
 1 iiiie df calLs 
 and nntice. 
 
 Limilalidn, 
 
 32. The directdrs may, in ca.se of the iidn-paynieiit df any call, in 
 
 lie col 
 
 'IMinit 
 
 rC name of the hank, sue fur, recover, collect, and iret in 
 
 Recdvcry (if 
 calls. 
 
 ill such calls, or may cause and declare such shares to lie forfeited to 
 the hank. 
 
 33. II 
 
 111 HI his s 
 
 Ul\' sh;irell(i!( 
 
 ler refuses or ned'lects td pay any instalment 
 
 Jiares df the capital stock at the time ap|iointed tlieref 
 
 or, 
 
 a sum 
 
 siicli shareholder shall incur a penalty to the use of the hank df 
 lit' money e(|iial to ten per cent, on the amount of such shares: and if 
 the directors declare any shares to lie forfeits 1 to the hank they shall, 
 \'.ilhiii six mouths thereafter, without any previous formality other 
 than thirty days' pulilic notice of their iuteiitiini sd to do, sell at puh- 
 lic auction the said shares, or .so many <jf tiie said shares as shall, after 
 'li'ductinif the reasonable expen.ses of the .sale, yield a sum of money 
 
 I'lirfeilure of 
 shares fdr niin- 
 payment (if 
 call.s. 
 
 Sale in such 
 case. 
 
74 
 
 An Aci' IvKsi'KtTiN'o Uanks and IJankino. 
 
 sullicMt'iit to |)a\' tJ'i' iiiipiiiil instalments due on the rcniaindcr ol' tlic 
 said shares and tlic amount of ))enalties incurred upon tlie wliole: 
 
 And tiaiisfir. and the president or vice-president, manaifer or cashiei- of tlie iianU 
 sliail e\ecut<' tile transfer to the puicliaser of t-iie siiares so sold ; and 
 such transfer siiall lie as valid and etl'ectual in law as if it had heen 
 
 Proviso. executed liy tlie ori<finaI holder of the sliares thei't'hy ti'ansferred : 
 
 hut tlu^ directors, oi' the shareholders at a ifeiieral mectintf, may, not- 
 withstanding^' anythini^' in this section containeil, I'cmit, either in whole 
 or in part, ami conditionally or iniconditioiially, any foi'feitiu'e or 
 penalty incurred hy the non-payment of instalments as aforesaid, or 
 the hank may enfoi'ce the p-:iynient of any call oi' calls hy suit, in- 
 stead of declarinif the shares forfeited. 
 
 Kci'iivcry 1) 
 .suit. 
 
 Wlml (inly 
 ni'i'd lie 
 proved. 
 
 34k In any action lirouoht to recovei- any money due on any such 
 call it shall not he necessary to set forth the special matter in the 
 declaration or statement of claim, h'lt it shall lie sutHcient to alle<fe 
 that the defendant is holder of one share oi' more, as the case may be, 
 in the cajiital stock of the liaid<, and is indehted to the l)aid< for a 
 call oi" calls u])on such share or shares, in the sum to which the call 
 ui' calls amount, as the case may he, statino; the amount ami number 
 of .such cails, whereby an action has accrued to the bank to recovi'r 
 the same from such dei"end;int by \ii'tue of this Act: and it shall not 
 be necessai'y to ]iro\e the appointment of the directors. 
 
 TltAN.Sl'KH AM) IKANSMISSloX OK SIIAlil'X 
 
 ("iinditicins of 
 transfer of 
 sliares. 
 
 I'raetinn of 
 share mil 
 Iransferalile. 
 
 35. Xo assio-iiiiient or tran.sfer of the sliares of the capital stock of 
 the bank shall he vali<l unless it is made and reoistered and accep(''il 
 by the person to whom the transfer is made, in a book or iiooks kept 
 for that purpose, nor unless the jierson makino' the same has, if re- 
 ipiiri'd by the bank, pre\ iously discharijed all his debts or liabilities 
 to the bank which exceed in amount the remainin^f stock, if any, be- 
 loiio'ino" to such per.son, \alued at the then current rate: and no 
 I'ractional part of a share, or less than a whole share, shall be assiyn- 
 al)le OI' transferable. 
 
 Lisl of trans- 
 fers lo lie kepi. 
 
 36. A list of all transfers of shares reo'istered each day in thebook- 
 of the 1 1,1 Ilk , show iiiL;' the parties to such transfers and the lui mi ler of 
 sli;ires tiaiisfeiied in each case, shall be made up at the end of each 
 day and kept at the chief place of business ol' thi' bank, for the in- 
 spection of its shareholder.s. 
 
 Transferre 
 shares inii> 
 reyislered 
 ovoier. 
 
 .,,f 37. .\ll sales or transfei's of shiires. and all contracts and ao'ree 
 I be iiients in res|)ect thereof, hereafter made or purport iiii^' to lie made, 
 shall 111' null and void (.savinof, however, as to a purchaser not ha\iui^' 
 knowledo(. of the defect, his ri^'hts and remedies luider the contract 
 of sale), luiless tlii' pei'son luakinjr such sale or transfer, or in whose 
 name or on w hose hehalt the .same is nuide, is at the time thei'cof the 
 I'eo'istcred owner in the books of the bank of the share or sliar. s .so 
 sold or transferred, or intended or purported so to be, or has the 
 reo'istered owner's assent to the sale, and the distino-uishino' numbei' 
 or numliers of such share or shares, if any. shall lie designated in tin 
 contract oi' aorccment of sale or transfer : and any person, whethei 
 principal, iiroker or aoent, w ho violates the pro\ isions of this section 
 iiy wilfully selling' or trausferrino, or atteniiitliig to .sell or transfer, 
 
^'^''^■WIFW 
 
 A\ Act REHi'EcTiNfi Hanks and I^vnkino. 
 
 7r) 
 
 any shin'c oi- sliarcs liy u i'iilsc luiiiilM'r. oi' ot wliioli tlic in'iiKMpJil is 
 not, at tlu' time of such sale or attcniptctl sale, tlii' ir^fistiTcd owner, 
 111- a('tin<^ witli tlic i^yistcrcd dwiicr's assent to the sah', shall lie ifnilty 
 111' an oHeiiee a^"aiiist this Act. 
 
 38. When any share of the capital stock has Ikhmi sold under a Sale of shares 
 writ of execution, the ofHcer hy whom the writ was executed shall, under exicu- 
 witliin thirty days aftei' the sale, leave with the hank an attested """" 
 cn|iy of the writ, with the certificate of such otHcer indorsed thereon, 
 eertifyiiif,' to whom the sah? has been made : and thereupon (hut not 
 until after all del its and liahilities of the holder of the share to the 
 liank, and all liens {'xistiny- in faxnr of the liaid\ thereon, havt; heeii 
 (lischar<(ed, as heicin i)rovi<led), the president, \ice-])resi(Ient, manager 
 or cashier of the li.iid< shall execute the transfer of the share so sold 
 to the purchaser; and such transfer shall he, to all intents and ]»ur- 
 poses, as valid and eti'ectual in law as if it had lieen executed by the 
 liiilder of the said share. 
 
 39. If the interest in any share in the capital stock becomes tran.s- 
 iiiitted in conseipience of the death, bankruptcy, or in.sohency of any 
 sli,irehold(>r, or in consecpuMice of the marriai^c of a female shaiv- 
 Imldi'r, or by any other lawful means than by a transfer according' to 
 tlie |)ro\isions of this Act, such transmission shall lie authenticated 
 hy a declaration in wi'itin<^, as hei'einafter mentioned, or in such other 
 niannei- as the directors of the liank reipiire; and e\ery such declara- 
 tion shall distinctly state the manner in which ;ind the person to 
 whom such shai'cs liaxi' been tr;uismitted, and shall \>r made and 
 signed liy such person; and the ]ierson niakini;' and sit^nino- such 
 (lecLaration shall acknowlednc the same before a judyc of a court of 
 recoi'd, or before th(> mayor, ja'ovost or chief ma_i>isti'ate of a city, 
 town, boroUi^h or other place, or before a notary [)ublic, where the 
 same is made and si<4iie(l ; and excry ileclai'ation so sii^ned and 
 acknowledo'ed shall be left with the cashier, manay'er or other officer 
 or a^'iMit of the bank, who shall thei-eupon entei' the name of the per- 
 son entitled (uider such transmission in the register of shareholdei's ; 
 and until such ti'ansmission has been so authenticated, no person 
 ilaiminif by virtue of any such transmission shall be entitled to par- 
 ticipate in the profits of the bank, or to xote in respect of any such 
 sliai'e of the capital stock : Pro\ided always, that e\ I'ry such declai'a- 
 tion and instrument as, by this and the next fol low ini; section of this 
 Act, ai'c reipiiretl to pi'i'fect the ti'ansnii.ssion of a shai-e in the bank 
 which is nia(l(> in any country other than Canada, or any other 
 liritish colony, or the I'niteil Kingdom, shfi 11 be finthei' autlu'uticated 
 liy tlu^ clerk of a ciuirt of record and under tl'.e seal of such court, or 
 by the British consul or vice-consul, oi' other acci'edited r(>presenta- 
 ti\e of the ih'itish (Jovernmeut in the cou.itry where the declaivition 
 is made, or shall 1h> made directly iu-fore such Uritish consul or vice- 
 cmsid or other accre<lited representative; and provided also, that the 
 ilirec tea's, cash lor or other otlicer or a^cnt of the baid< may retpiire 
 ciirroborative evidence of an\' fact .illeji-eil in anv such declaration. 
 
 Transmission 
 
 of sliares 
 otherwise 
 than liy trans- 
 fi'i , how aii- 
 llionticati'd. 
 
 Proviso : as to 
 declaration 
 made out of 
 Canada, &c. 
 
 I'rovi.so : fur- 
 ther evidence 
 may lie rc- 
 
 i|iiired. 
 
 40. if the transmission of any share of the ca|)ital stock litis ttiken I'lansmission 
 
 place by N'irtue of the marriaoc of a female shareholder, the declara- liy marriai;e of 
 
 tiiin shtill b(> accom|tanie(l by ;v copy of the reoister of such marriap", '^'''''li' ^'':>'i-'- 
 or other particulars of the cclebrati(ai thereof, and shall declare the 
 
 «;■ 
 
 
76 
 
 1 1 
 
 An Act Respectino Banks and Bankixo. 
 
 identity of tlic wife witli tlic lioldci' ol' sucli sliai'c, iunl sliiill lie miidc 
 iind sii^iicd liv' siK'l) t'cnmlc sliiiri'luildcr and licr Inislifiiid : uiid tlicy 
 may iiicludf therein a declaratiim to the ell'ect that tlii' sliare trans- 
 iidtte(| is the sepai'ate jn'operty ami under the soh' coiiti'o! of the 
 wife, and tiiat slie may receive and ^rant iceeipts for the di\i(h'iids 
 and prolits aeci'uin^' in resju'ct thereof, and dispose of and transfer 
 the! share itself, witliout re(|uirinjf tlie consent or authority of her 
 Inishand : and such declaration shall he hindini;' upon the haid\ and 
 persons makiu'^' the same, until the saiil persons see tit to revoke it 
 hy a written notice to that efiect to the liaid< : hut the omission of a 
 statement in any such declaration that the wife making- th>' same is 
 duly authorized \>y her husiiand to make the sauie shall not invali- 
 date the declfU'ation. 
 
 Transmission 41. If the ti'ansiiussion has taken place i>^' vii'tue of any testanient- 
 
 liy doceasi'. ,^,.y instrument, or hy intestacy, the probate of thf will, or the letters 
 of admiidsti'ation, or act of curatorshi]) or tutorshi]), oi' an otlicial ex- 
 tract thei-efrom, shall, to^'ethei' with such declai'ation, he produced 
 and left with the cashier or other otlicei' or af>'ent of the hank, who 
 shall, thei'eupon, enter in the re<^ister of shaii'holders the name of the 
 jterson entitlcMl under such transunssion. 
 
 Kurlhur pro- 
 vision in ^^llcll 
 case. 
 
 4'2. If the transmission of any shai'c of the cajiital stock has 
 taken plac(; h_\' \irtu(! of the decease of any shareholder, the produc- 
 tion to the directors and the deposit with them of an authentic 
 notai'ial copy of the will of the det-eased shaicholder, if such will is 
 in notaiial form accordino- to the law of the l'id\ ince of (^uehec, or 
 of any authenticated copy of the })rohate of the will of the deci'ased 
 shareholih'i", oi' of letters of administiation of his t'state, or of letteis 
 of \eritication of heirship, oi- of the iU-t of curatorship or tutoi-ship, 
 granted hy any ciau't in ('auadii liavin<;' power to oi'ant the .same, or 
 liy any court or authority in Knoland, Wales, Ireland, or any British 
 colony, or of any testami-nt testamentary or testauK'ut dative expede 
 in Scotland, or, if the deceased shareholder die<l out of Hei- Majesty "s 
 dounnious, the pi'oductiou to and di'posit with the directors of any 
 authenticated coi)y of the prohate of his will oi- letters of administra- 
 tion of his pi'ojierty, or other <locument of like impoi't, orjvnted iiy 
 any c<au't or authority havino- the re(|U!site power in such mattei's. 
 shall he suHicient Justitication and authoi'ity to the directoi's for pay- 
 ino- any dixidend, oi' for transfeniuo' or authorizino- the transfer of 
 any shai'e, in pursuance of and in coni'orndty to such prohate, letters 
 of administration, or other i^ich ilocumeiit as aforesaiil. 
 
 Hank not 
 liound to s 
 to Irusls. 
 
 43. The hank shall not he hound to see to the execution of any 
 trust, whether express, iiii])lied or constructive, to which any share of 
 its stock is suhject : and the receipt of the pei'sou in whose name any 
 such share stands in the hooks of tin,' hank, oi', if it stamls in the 
 nanu! of more jiersons than laie, the ivceipt of one of such pei'sons 
 shall he a sutlicient discharo'e to the hank foi' any divideiid or any 
 other sum of money payahle in respect of such shai'e, unless express 
 notice to the contrary has heen i^'iven to the hank : and the hank shall 
 not he hound to see to the application of the money paid upon such 
 receipt, whether given hy one of such peJ'sons oi' all of them. 
 
Ax Act REspECTixfi Banks and Banking. 
 
 77 
 
 44i No person lioldiiijr stock in Mic luuiU us executor, adiniiiistni- Hxecuiors ami 
 
 tor, iiiiiirdiiiM oi' trustee, ol' or for iui\- iierson iiunied in tlie l)ooks of '"'^'^'^'^ ""' 
 
 ^ . • ,' . personally 
 
 III!' liiinis MS Ipcin^ so re[)resented l)y liini, sliall lie pei'sonally siiliject liable. 
 
 tn any lialiility us a shareholder, hut tlie I'state an<l funds in his 
 
 hands shall lie liahle in like manner and to the same extent as the 
 
 trstator, intestate, ward oi' [ic^'son interestitd in such trust fund would 
 
 lie, if li\iuj^ and compiitent to hold the stock in his own nana' ; and if 
 
 tlu' trust is for a livin<r ])ersoii, such ])crson shall also himself l»e liahle 
 
 as a shareholder: hut if such testator, intestate, ward or pei'son so Exception. 
 
 represented is not so named in the hooks of the hank, the executor, 
 
 .idiiiiuistrator, ^niai-dian oi- trustee shall he personally liahle in respect 
 
 III' such stock as if he helil it in his own name as owner thereof. 
 
 ANM'Al. .STATE.MENT AND INSPECTION. 
 
 45. At every annual meetinj^- of the shareholders for the election 
 (if directors, the out-i^dinj^' directors shall suhmit a cleai' and 
 full statement of the afl'airs of the hank, containing' on the one 
 part, — 
 
 The amount of the capital stock paid in, the amount of notes of 
 the hank in cii'culation, the net pi'otits made, the lialunces duo to 
 other hanks, and the cash deposited in the hank, distin^uishinij d(>- 
 pnsits hearing interest from those not hearinj^' interest; mikI on the 
 nther [)ai't, — 
 
 The amount of the current coin, the i;dld and silver hullion, and the 
 Dominion notes hehl hy the hank, the halances due to the hank from 
 iitiiei' hanks, the value of the i-eal .ind other pi'operty of the hank, 
 and the amount of delits owiuf^' to the hank, including' and })articu- 
 larizinn- the amounts so owinj;' u])on hills of exclian<i;e, discounted 
 notes, mortj^ayes and other securities, — 
 
 Kxhiliitinj4', on the one hand, tlie liahilities of, oi' tiie dehts due hy 
 the hank, and on tin; other hand tlie assets and resources thercitf; 
 and the said statement shall also exhihit the rate and amount of the 
 last dividenil declared hy the directors, the amount of rescrxcd profits 
 at the date of such statement, and tht; auKanit of dehts due to the 
 hank, over-due and not ))aid, with an estimate of the loss which will 
 pnihahly accrue thereon. 
 
 Statement to 
 be laid before 
 annual meet- 
 ing. 
 
 Lialiilitics. 
 
 .\ssets. 
 
 What state- 
 ment shall 
 show. 
 
 46. The hooks, correspondence and fluids of the hank shall, at all Inspection of 
 times, Ih' .suhjcct to the inspection of the directorH ; liut no person, l^'X'l^s. &c. 
 who !s not a direct<ir, shall he alloweil to inspect the account of any 
 
 person dcidino- with the iiank. 
 
 DIVIDENDS. 
 
 47. The directors of the hank shall, suhject to the provisions of Dividends. 
 this Act, declare cpiarterly or half yearly diviileiuls of so much of tla; 
 
 piotits of till' hank as to the majority of them sei'ius ad\isalile; and 
 they shall oive at least thirty days' puhlic notice of the payment of 
 ^iucli dividends jireviously to the date fixed for such piayment ; and 
 they may close the tran.sfer hooks dui'in^' a certain time, not o.xceed- 
 in^f tifteen (hiys hefoi'c the payment of each dividend. 
 
 48. No dividend or hoiius shall ever he declared so as to impair Diyidemlsnot 
 till' paid-up capital ; and if any dividend or lioiius is so declared or c^'Hai^"^ 
 
78 
 
 An Act Respecting Banks and Bankincj. 
 
 Capital lost to 
 be made up. 
 
 Proviso. 
 
 iimdt' i)iiyiil)lc, tlic tlirect()r.s wlio kiiowiiiffly and wilfully coiicui' 
 tiieroin slmll be jointly and Huvernlly lialtle for tho amount thereof as 
 a d('l>t due by tliein to the bank : and if any ])art of the paid-up 
 capital is lost, the directors shall, if all the siiliscrilied stock is not 
 paid up, forthwith make calls upon the shareholders to an amcmnt 
 ('(juivalent to such lo.ss ; and such loss and the calls, if any, .shall be 
 mentioned in tla; next return made by the bank to the Minister of 
 Finance and Keceiver-deneral : Provided that, in any ca.st? in which 
 the capital has l)een impaired as aforesaid, all net ptofits shall be 
 ap})lied tt) make ^ood sueli lo.ss. 
 
 Dividend 49. No divi.sion of profits, eithei- by way of dividends or boiuis, 
 
 hjiiiited unless ^■,y i,,,^], combined, or in .-my other way, exceeding the rate of eight 
 
 tain ^reserve! P^'^' ^^'^^^- P'''" annum, shall be ina<lt^ by the bank, uidi'ss after makino- 
 
 the same, it has a rest or ri'ser\(! ftnid iMpial to at least thirty per 
 
 cent, of its paid-up capital ; and all bad and doubtful debts shall be 
 
 deducted before the amotnit of such rest is calculated. 
 
 JIE,SEUVES. 
 
 I'arl of reserve 
 to he in Domi- 
 nion notes. 
 
 Penalty for 
 non-compli- 
 ance. 
 
 .Supply of 
 Dominion 
 notes. 
 
 50. The bank shall hold not less than forty per cent, of its ca.sh 
 reserves in Dominion notes: and every bank holding at any time a 
 less amount of its cash reserves in Dominion noti's than is prij.scribed 
 liy this section shall incur a penalty of fi\e hundred dollars for each 
 and e\-ery \iolation of the pro\ isions of this section : 
 
 2. The Minister of Finance and Ueceivi'r-Cieneral shall make such 
 arrangements as are necessary for insuring the delivery of Dominion 
 notes to any bank, in exchange for an e(|uivalent auKMUit of .specie, 
 at tlie several otKces at wliich J)oniiiiion notes are redeemable, in the 
 cities of Toronto, Montreal, Halifax, St. John, N.B., Winnipeg, Char- 
 lottetown and Victoria, respectively ; and .sucli notes shall be redeem- 
 able at the otHc(! for redem^jtion of JJiaiiinion notes in the place whei'e 
 .such specie is given in exchange. 
 
 N(yrE ISSUE. 
 
 Amount and 
 denomination 
 of bank notes. 
 
 Note issue of 
 Banque du 
 Peuple and 
 Bank of Bri- 
 tish North 
 America. 
 
 51. The baid\ may i.ssue and re-issue notes payable to bearer on 
 demand and intended for circulation; but no such note .shall be for a 
 .sum less than five dollars, or for any sum which is not a multiple of 
 iive dollars, and the total amount of such notes, in circulation at any 
 time, shall not exceed the anujuiit of the unimpaired paid-up capital 
 of tile bank : 
 
 2. Notwithstanding iinything ccmtained in the next preceding sub- 
 section, the total amount of such notes in circulation at any time of 
 La BaiKjUe du Peuple and the Bank of Briti.sh North America re- 
 spectively .shall not exceeil s(iventy-tive per cent, of the unimpaired 
 ])aid-up caj)ital of such lianks res])ectively, but each of .such banks 
 may i.ssue such notes in excess of the .said .seventy-tive per cent, upon 
 depositing, with respect to such excess, with the Minister of Finance 
 and Receiver-deneral, in cash or bonds of the Dominion of Canada, 
 an amount etpial to the excess: ])rovided always that in no case shall 
 the total aiiKamt of the notes of either of the said banks in circula- 
 tion at any time exceed the unimpaired paid-up caj)ital of sucli bank; 
 and the cash or bonds so depo,sited shall be available by the Minister 
 of Finance and Keceiver-Uenci'al for the redemption of notes issued 
 
An Act REspEOTtNfi Hanks and Hankino. 
 
 7!) 
 
 in excess as tit'orosaid, in tlio ovciit of fclic siispciision of the said banks 
 i'i's|u't'tiv('ly : 
 
 '.I. Jf tile total amount of tlic notes of tlie Itanlv in cii'culation at ivnalties for 
 anytime exceeds the anuauit autliorized hy tiiis s(>cti<)n, tlit; hank excoss of cir- 
 sliuli incur penalties as follows: If the amount of such excess is not "•'""""• 
 (i\er one thousand dollars, a penjilty imjumI to the amount of such ex- 
 cess; if the amount of such excess is over one thousand dollars and is 
 iKit over twenty thousand dollars, a penalty of one thousand dollars ; 
 il' the anuanit of such ex(M'ss is over twc^nty thousand dollars and is 
 not over one hundred thousand dollars, a jienalty of ten thousand 
 dollars; if the aincauit of such excess is over one hunili'ed thousand 
 dollars and is not over two hundre(l thousand dollai's, a penalty of 
 fifty tlKHisand dollars: and if the amount of such excess is over two 
 inuidred th(nisand <lollars, a penalty of one hundred thcaisand 
 dollars : 
 
 4. All notes heretofore issue(l or re-issued l>y the hank, and now Notes under 
 in circulation, which are for a. sum less than live dollars, or foi- a sum $5 '" I"-' called 
 which is not a multiple of tivi' dollars, shall lie calhtd in and cancelled '"' 
 as soon as practical ile. 
 
 52. 'i'lu' haid< shall not pledjfe, assiorn, or hypothecate its notes : 
 and no advance or loan maile on the s(>curity of the Tiotes of a hank 
 shall he recoverahle from the hank or its assets: 
 
 •2. Kveiy person who, hein^f the ])i'esident, vice-president, director, 
 principal partner rn riniiniinxlltr, ^onvnx] maua<,'er, maiia^'ei-, cashier, 
 or other officer of the hank, pledijes, assign, 'or hypothecates, or 
 authorizes, oi- is concerned in the plede'e, assij^-nment or hypotheca- 
 tion of the notes of the hank, an<l every person who accepts, I'eceives 
 (11- takes, or authorizes or is concerneil in the acc(^ptance or receipt or 
 takin^r of such notes as a. plede'e, assio'nment or hypothi'cation, shall 
 lie liaiile to a, tine of not less than I'oui' hundred dollars and not more 
 than two thousand dollai's, or to imprisonment for not more than two 
 years, or to Ixith : 
 
 li. Kvery person who, lieiu"' the presiik'nt, vice-president, diroctoi', 
 jiiincipal partner rn (•duniKi iiditc, ^vuvvn\ mana<fer, manager, cashiei', 
 iir other fiHicer of a haids, with intent to defi-aud, issues or delivei's, 
 111- authorizes or is concerned in the issui' or delivery of notes of the 
 li.iiik intended for circulation and not then in circulation, — and I'very 
 [ii'ison who, with knowled|j;'e of such intent, acci'pts, receivi's or 
 takes, or authorizes (a* is concerned in the acceptance, i-eceipt oi- tak- 
 ing- of such notes, — shall he o-uilty of a misdemeanoi-, and liahle to 
 iinpi-isonment for a term not exceedino- seven years, or to a tine not 
 exceedinj:; two tluHisanil dollars, or to tioth. 
 
 I'Ied{;ing of 
 notes pro- 
 hiliited. 
 
 Penalty for 
 pledging. 
 
 Penalty for 
 improper issue 
 or taking of 
 notes. 
 
 53> 'Pile payment of the notes issued (ir re-issue<l liy the hank and Notes to be 
 intciKled fca' circulation, and then in circulation, to<,'ethei' with any '■'■*'• charge on 
 interest ])aid oi- jiayahle thereon as hereinai'ter ])ro\ided, shall he the 
 tirst chaio-e upon the assets of the'iaiik in case of its insolvency: 
 .inij the payment of any amount due to the CJovernnieiit of Canacla, 
 in trust (a- otherwise, shall he the secinid cha rye upon such assets: 
 .nid the payment of any amount due to tlu> od\-eniment of any of 
 the I'l-ovinces, in trust or otherwise, shall he the third charo-e upon 
 such assets : 
 
 2. The anuanit of any penalties for which the hank is liahle shall Liability for 
 
 Hot form a charoe ut)on tlie assets of such hank, in case of its insol- l"-'"-''''''^? '" 
 
 ,., ,, '^,, ' ,. 1 -li.- -I caseofinsol- 
 
 vuncy, until all otlier lialalities are paid. vency 
 
MO 
 
 Kxisling 
 lianks ti) iiiaki' 
 (k'posil willi 
 Minister of 
 I'inaiu'c e(\un\ 
 to live percent, 
 of notecimila- 
 tion. 
 
 As to Mer- 
 chants' Hanl> 
 
 ofr.E.i. 
 
 As to new 
 
 banks. 
 
 Formation of 
 circulation re- 
 (lemiuion 
 fund. 
 
 Fund to bear 
 interest. 
 
 An Act Resi'Ectincj Hanks and Banking. 
 
 54. Kvciy Imiik to wliicli this Act upplics, iiml wliicli is cjui yiiio 
 oil its luisiiicss iit tlic time wlicii tlii.s Act coiii.'s into force, hIiuII, 
 within Ht'tccn ditvs tlHTCiit'tcr, pay to the Minister of Finiiiice and 
 Keceiscr-deneral, it sniii of money eipi'il to two and onelialf per 
 cent, of the av((rfi<fe iuiiount of its notes in circulation (hnine' the 
 twtdve niontlis next ])recedin^>' the <hite of the coiiiinjf into force of 
 tliis Act, or if such lianU lias not lieeii in operation for twelve iiionth 
 
 sum of money eipial to two and oiiediaif p 
 
 •r cent, of the a\-er 
 
 ae'c 
 
 aniount of its notes in circulation diirini'' the tiiiu! it has lieen in 
 
 •perat 
 
 ion 
 
 am 
 
 I each hank sliall, within fifteen days from and afti 
 
 the first day of •Inly, in the year one thousand eiolit hnmhi'd and 
 ninety-two, pay to tlie iMinistei" of Kinaiice and Uecei\'er-( niieral 
 such further .sum of money as is necessary to make the total amount 
 so ])aid liy each hank to he a sum e(pial to fi\'e per cent, of the 
 averap' amount of its notes in circulation during' the twtdve months 
 next proccflin^ the date last inentione(l, — which sum shall he adjusteil 
 annually as hereinafter |)rovided : 
 
 2. The Merchants' Uank of Prince Kdward Island shall, on or he- 
 fore the day upon which it Itecomcs suliject to the provisions of this 
 Act, ])ay to tlie Minister of Finance and l{eceiver-( leiieral such sum 
 as ap]iears to the sati-l'.icf.ion of the Treasury Hoard to he e(pial tn 
 two and one-half per cent, of the averajje amount of its notes in cir- 
 culation duriiif^'the then precedinrr twelve months: and shall further 
 pay to the Minister of Finance and Heceiver-( Jeiieral, within fifteen 
 ilays from and after the first day of 'luly in the year then iie.xt fol 
 lowinif, such further sum as is necesstiry to make the total sum [laid 
 hy the said hank to h(^ a sum e(|ual to five per cent, of the averao;c 
 
 anio 
 
 unt of its notes in circulation from the time the said hank 
 
 came suliject to the ])rovisioiis of this .Act to the said first <lay of 
 
 July, 
 pi 
 
 w 
 
 hich sum shall he adjusted annually as hereinafter 
 
 oviiled 
 
 8. The Minister of Finance and Receiver-Oeneral shall, upon the 
 is.sue of a certificate under this Act authorizing a hank to issue notes 
 and commence the husiness of liankintif, retain out of any moneys of 
 such Itaiik then in his possession the sum of fixe thousaiul dollars, — 
 which sum shall lie held for the purjioses of this section, until the 
 annual adjustment hereunder takes ]ilace in the year then next fol- 
 lowin^f, at which time the ainoinit at the creilit of the hank shall he 
 adjusted hy payment to or hy the hank' of such sum as is necessary 
 to make the aiiiotnit at the credit of the hank to he a sum of money 
 etpial to five per cent, of the avera<.j'e amount of its notes in circula- 
 tion from the time it coiiiiuenced husiness to the time of such 
 ailjustiiient, — which sum sliiill he .•idjnsted aniiually as hereinafter 
 
 irovK 
 
 led 
 
 4. Tli(> amounts so ]iaiil, retained, and ke|)t on de])osit as aforesaid 
 shall form a, fund to he known as "The liaiik Circulation Heclcmption 
 Fund," — -which fun«l shall lie held for the following' purj)ose, and for 
 no other, namely : In the e\ cut of the suspension hy the hank of 
 payment in sjiecie or Doiiiinion noti's of any of its liahilities as they 
 accrue, for the payment of the notes then issued or re-issued hy such 
 
 laiik, am 
 
 1 intendi'(l for circulation, Jind then in circulation, a 
 
 ml 
 
 interest thereon : and the Minister of Finance aiwl Receiver (Jeneral 
 shall, with respect to all notes jiaiil < nit of the .said fund, have the 
 same rights as any other holder of tin; notes of the hank: 
 
 5. The fund shall hear interest at the rate of three per cent, per 
 annum, and it shall he adjusted, as soou as possihle after the thirtieth 
 
An A(t IlEsi'EcTiN(i Hanks and Hankind. 
 
 81 
 
 (l;iy III' .liuic in nu'li yt'iir, in sucli a way as to uiakc tho amoniit at 
 tlir cictlifc of cac'Ii liniik 0(tiitril>utin<^ tlicrcto, unluss hort-'in Dtluirwi.se 
 s|i('ci!illy |)ri)\i<l('il, ('(|nal to five per cent, of t.lic avi'rn;^(' iiotccircula- 
 tinii (tf siicli liajiU ihii'iiij^' the tlifii next jH'ccciliii^ twelve iiioritlis : 
 
 (i. Tlie avera^fe note ciirulation of a hank duiin;; any ]ierioil shall 
 1m (letei'niini'd from the average of the aiiioinit of its notes in circu- 
 l.ition, as shown hy the monthly returns for such period made hy the 
 li;nik to the Minister of Kinance and R('ceivei'-( Jeneral : and wlu're, 
 ill any I'eturn, the j^reatest amount of notes in circulation at any 
 time duriii;!^ the month is jriven, such amount shall, foi- the purposes 
 (if this section, he taken to lie the amount of the notes of the hank in 
 circulation durini,' the month to which such retiu'n relates: 
 
 7. In the event of the suspension hy the liank of payment in specie 
 (ir Dominion notes of any of its liahilities as the\' accrue, the notes of 
 such hank, issneij or re-issued and intiMidol for circulation, and then in 
 circidation, shall liear interest at the rate of six per cent, per annum, 
 from the day of such sus])ension to such day as is named hy the 
 dii'cctoi's, or hy the Ii([uidator, receiver, assi<;iiee or othei- proper 
 (itiicial, for the payment theivof, — of v .lich (hiy notice shall he ^nven 
 liy advertisement for at least three days in a newspaper jtuhlisheil in 
 tile place in which the head otHct' of the iiank is situate: hut in case 
 liny notes jiresenteil for payment on or after any day named for pay- 
 ment thereof ar(( not paid, all notes then unpaiil and in circulation 
 shall contiinie to hear interest to such further day as is nameil for 
 payment thereof,- of which ilay notice shall he i,nven in maimer 
 aliove pi'ovided: l'i'(»vided always, that in case of failure on the part 
 iif till' directors of the liank, or <if the litpiidatoi', ix'ceivev, assi^^nee or 
 (itlier proper ofHcial, to make ai'ran<fenients within two months from 
 tile ilay of susjieiision of payment hy the hank as aforesaid for the 
 payment of all of its nott^s and interest thereon, the Ministi'r of 
 Finance and Receiver-(ieneral may thereu]ion make ai'ran^rements for 
 tlic |)ayiiient of the notes remaining unpaid, and all interest thereon, 
 iiiit of the said fund, anil shall f^ive such notice of such ]iayment as 
 lie thinks expedient, and on tlie d'.iy named hyhim for such jiayment 
 all interest on such notes shall cease, anything herein contaiiKMl to 
 the contrary notwithstanding; hut nothine- herein contained shall he 
 construed to imjiose any liahility (Mi the (iovennuent of Canada <ir 
 on the Minister of Finance and Receiver-( Jeneral lieyonrl the amount 
 a\ailalile from time to time out of the said fund : 
 
 N. All payments niad<' from the said fund shall he without re^ai'd 
 to the amount contrihuted thereto hy tlii' hank in respect of wliose 
 notes the jiaymeiits are made : and in case the payments fr< mi the 
 I'liiid exceed the anionnt contrihute<l hy such hank to the fund, and 
 all interest din' oi' accruing due to such hank thereon, the other 
 hanks shall, on demand, make yood to the fuml the amount of such 
 excess, y>/v> /'('/(' to the aiiiouiit which each hank has at that time con- 
 tiiliiited to the fund ; and all anitaints recovered and received hy the 
 Minister of Finance and Receiver (ieneral from the hank on who.se 
 adduiit such payments were made shall, after the amount of such 
 I'xcess has hei'U iiiaile tjood as aforesaid, he distrilnited anion^ the 
 hanks conti'iliutin^' to make t^'ood such excess jiiui nilu to the amount 
 ciiiitriliuted hy each : I'rovided always, that each of such other hanks 
 slnll only he called upon to ni ike <^ood to the said fuml its sliare of 
 such excess, in jiayimnts not exceeding" in any one year one per cent, 
 of the averaj^e amount of its notes in circulation,— such circulation to 
 
 10 
 
 Note circula- 
 ti(in, how do- 
 aTiiiincd. 
 
 Notes (if l).ink 
 suspending 
 payment to 
 bear interest 
 until redeem- 
 ed. 
 
 If not redeem- 
 ed to be paid 
 out of fund. 
 
 rrovis". 
 
 Payments 
 from fund to 
 lie witlunil re- 
 f;ard toamount 
 eontrilnited. 
 
 I'roviso. 
 
82 
 
 An A(rr Rksimcotino Hanks and Bankino. 
 
 Kcpnyment of 
 amount if 
 bank is wound 
 
 U|). 
 
 Treasury 
 
 111' iisccrtiiiiu'cl ill sucli mniiiicr us the Minister of KiiiaiiCM' aiul 
 RociMvor-(iom)ral (icciilcs; and his (k't-isiori sliall Ik^ final: 
 
 !). Ill the event of tiie wimlin^' up of the Imsiness of a liank liy 
 I'eason of insolvency or othei'wise, tiie Treasury board may, on thi' 
 applieation of the directors, or of the li(|ui(hitor, receiver, assiffiiee or 
 other |iro|iei' otllcial, ami on liein<f satisfied that ])ro|)er arran^'enients 
 have lieen made for the [layment of the notes of the iiank and any 
 interest thereon, pay over to such dii-ectors, li(|nidator, receiver, 
 assi^niee, or othei" pro])er official, the amcanit at the credit of the 
 liaid\, or such portion tliereof as it thinks expeclient: 
 
 10. The Treasury Moai'd may make all such rides and reo^ulations 
 
 lioaril may re- n^. j^ thinks ex)ie<lient with reference to the iiavment of any monevs 
 
 fjulate man- 
 atjement of 
 fund. 
 
 cait of the said fund, and the manner, place and time of such ]>ay 
 ments, the collection of all amounts diii' to the said funil.all accoiinfs 
 to lie kept in connection therewith, and ffenerally the nianae;ement 
 of the said fund and all matters relating' thei-eto : 
 Ilnforcemciu ''• ''"' ^^illister of Finance and Receiver-( leiieral may, in his 
 
 of p.iym.ni. official iiaiiie, liy action in the Kxche(pier ( 'ourt of ( 'anada, enforce 
 payment (with costs of action) of any sum due and payahlo hy any 
 baiil< under the provisions of this section. 
 
 Notes of Hank 55. Tile hank shall make such arraiiffements as are necessary to 
 
 tn be payalilo eiisuri- the circulation at par in any and every jiart of Canada of all 
 
 at i).ir thrcjUf^li- ,„,j^,.s issued or re-issued hy it and intended for circulation: and 
 
 towai'ds this ]iurpose the liank shall estahlish aifencies for tin- re- 
 
 <lemptioii and payment of its notes at the cities of Halifax, St. John, 
 
 Chai-lottetown, Montreal, Toi'(aito, Winnipei^ and Victoria, and at 
 
 such other ])laces as are, from time to tinii 
 Trea.sury Boaril. 
 
 desiirnated hy tlu 
 
 Torn or de- 
 faced notes. 
 
 Uodemptionof 56. The haiik shall always receive in payment its own notes at 
 ""'^'**- par at any of its offices, and whether they are maile payahle there 
 
 or not : 
 I'ayalile at 2. The chief place of Imsiness of the hank shall always lie laie of 
 
 chief place of ^^^^, ],^^.,.^, ,^t, ^yhicli its notes are made iiayalile. 
 Inismess. ' ' •' 
 
 I'aymcnis in 57. The hank, when uiakiiie- any payment, shall, on the retpiest 
 
 Dominion of the person to whom the |iaymeiit is to he made, pay the .same, or 
 
 such part thereof, not exeeedin<^" one hundred dollars, as such jierson 
 retpxests, in Dominion notes for one, two, or i'.iur dollars each, at the 
 oj)tioii of .such person : Provided always, that no payment, whether 
 in Dominion Jiotes or hank notes, shall h(> made in hills that tire torn 
 or partially defaced hy excessive handlin<j. 
 
 58. The lionils, ohlio-ations and hills, ohliijatory or of credit, of 
 the hank under its corporate seal, and si<,nied hy the president oi' 
 vice-president and oaintersi^-ned hy a cashier or assistant cashier, 
 which are maile payahle to any person, shall he assifrnahle hy in 
 dorsemeiit tliere<iii: and hills or notes of the hank sioiii'd hy tln' 
 jiresident, \'ice-pj'esideiit, cashier or other otllcer apjiointed hy the 
 directors of the hank to sijiii the same, proiiiisino- the ]iayment of 
 money to any person or to his order, or to the hearei', tluaiffli nof 
 under the corporate seal of the hank, shall he hiiidiii^' ami ohli^atoiy 
 on it in like manner and with the like force and effect as they would 
 be upon any private person, if issued hy liim in his private or 
 
 H inds, IV 
 itc , how 
 by whom 
 signed. 
 
 Jtes, 
 and 
 to be 
 
1 
 
 An Act llEsi'ticTiNo Banks and Bankino. H',\ 
 
 ii;ihiral capacity, and shall lie assif,'iialilt> in like manner as if th«'y 
 were so iMHUod by a private person in his natural capaeity : 
 I'lcivided always, that the direetors of t!ie hanU may, From ivovisd : 
 time to time, authorize, or (h'pute any cashier, assistant eashier pnwcr ni.iy be 
 (IP oftieer of tht^ hank ov any direetoi- other than the president ''"-')'"'^''' '" 
 
 • 1 i. i'- I I 1- 1. !• iillicer. 
 
 (If vice-president, or any cashier, manager or local directoi- ot any 
 liianch or office of disc(anit and deposit of the hank, to si^ii tho 
 notes of the l)an1< intended for circidation. 
 
 59. All hank notes and hills of the hank whereon the nauu! of Notes may l)e 
 iiiiy person intrusteil or authorized to si<,ni such notes t>v hills on 
 liclialf of the hank is impressed hy machinery provided for that 
 
 sifjned l>y 
 machinery. 
 
 purpose, hy or witli the authority of the hank, sludl he good and 
 valid to all intents and ]nn'])oses as if such notes and hills had heen 
 siihscrihed in the proper handwriting of the perstai intruste(| or 
 authorized hy the hank to sign the same respectivi'ly, and shall he 
 liaiik not((s and hills within the meaning of all laws and statutes 
 whatever, and may he described as hank notes or hills in all indict- 
 ments and civil orci'imiiial jiroceediiigs whatsoe\-er : Provideil always. One sij;nature 
 that at least one signuturc! to each note or hill must Ik- in the actual '"".'*' '"-" 
 handwriting of a person authorized to .sign such note or hill. 
 
 wriUcn. 
 
 60. Every person, except a hank to which tliis Act applies, who Penalty for 
 issues or re-issues, makes, draws, or in(h)rses any hill, bond, note, I'^'imhorizcd 
 
 I ii • L i.•Ll^L•^L ii issue o( notes 
 
 tlie(|Ue or otiiei" instnnnent, intended to circulate as money, or to he for circulation 
 
 used as a substitute for money, i'or any amount whatsoever, sliall 
 
 incur a penalty of four liundred dollars, which shall be recoverable 
 
 w itii costs, in any ccnirt of competent jurisdiction, by any per.sou 
 
 who sues for the samt^ ; and a moiety of such j)ena]ty shall belong 
 
 to the person suing for the same, and the other moiety to Her 
 
 .Majesty fta- th(> public uses of Canada; 
 
 2. The intention to ])ass any such instrument as money shall l)e What shall be 
 
 lacsumed, if it is made for the piiymeiit of a less sum than twenty not"^''' *'"'' 
 
 dollars, and is payalile either in form ov in fact to the bearer thereof, 
 
 (11' at .sight, or on demand, or at less than thirty (hiys thereafter, oris 
 
 everdue, or is in any way calculated or designed for circulation, (U' as a 
 
 Mil stitute for money ; unless such instrument is a che(|Ue on some 
 
 thai tered bank paid by the maker directly to hi immediate creditor, 
 
 or ,1 promissory note, bill of e.xchiinge, bond or other undertaking 
 
 for the ])ayment (jf money, paid or delivered by the maker thereof 
 
 to liis immediiite creditor, and is not designed to circulate a.s money 
 
 oi- as a substitute for nuaiey. 
 
 61. Every [)erson who in any way defaces any Dominion or Pro- Defacement of 
 viiu-ial note, or bank note, whether by writing, printing, drawing or ""^'^''• 
 stamping thereon, or by attaching or affixing thereto, anything in 
 
 thi' nature or form of an advertisement, shall be liable to a penalty Penalty. 
 nofc exceeding twenty dollars. 
 
 62. 
 
 I'll 
 
 2. Every officer charged with the receipt or disbursement of Counterfeit 
 1 ic moneys, and every officei' of any bank, and every person 'ind fraudulent 
 iutiug as ov employed by any banker, shall stamp or write in plain stamped as 
 letter,s the word " ctnniterfeit," " altered," or "worthless," upon every such. 
 Counterfeit or fraudulent note issued in the form of a Dominion or 
 hank note, and intended to circulate as money, which is presented to 
 
84 
 
 An Act REHPEfTiNo Hanks and Hankino. 
 
 Iiiiii lit liis pinci' (if lui.siiicHH ; iiiid it' such otlicfi- (ir |ii'i's(>ii wr<m^ 
 fully Htninps imy ^'fiiuiiic untc lie slmll, u|hiii |in'srutiitinii, rcilrnn it 
 lit tlic t'licc Villllc tJlcl'cuf. 
 
 Nil advcrlisi'- 
 inent, Hie, to 
 Ih: issued in 
 the form (if n 
 note. 
 
 63> Kvcry ptTson wlm ili'si^riis, cii^'i'iivcs, piints or in any innuiifi 
 uiiiUcH, executes, utters, issues, distriliiites, circuliites or uses any 
 liusiiiess or prot'essidiial card, notice. |ilacnril, circuliu', liiind-liill, or 
 advertisement in tlie likeness or similitude ol' iiny Dtmiinion or liank 
 note, or liny olilioation oi' security of any ( iovernment, or of any 
 i>aiik, is liaMe to a penalty of one hundred dollai's or to thi'ec 
 months' impi'isoiiment., or to lioth. 
 
 Hl'SlNKSS AND I'OWKHS (»K TIIK ItANK. 
 
 liranchcs nnd 
 agencies, 
 
 (leneral pow- 
 ers (if bank. 
 
 Certain liiisi- 
 ness may mil 
 be transacted 
 by the liank. 
 
 64^ Ihe liank may o]ien liraiu'hes, agencies and oflices, and may 
 en^ii^e in and carry on liiisiness as a deiihn" in ^old and silver coin 
 and liiilli<in. and it may deid in. diseoiuit, iind leixl money and make 
 advances upon the security of, and may take as collateral security 
 for any loan mmle liy it, hills of exchanjii', promissory notes and 
 other ne^otiahle secin'ities, or the stock, lionds, dehentures and ohli- 
 ^ations of iimni<'i])al and other corporations, whether secincd hy 
 iiiort^ajfe oi' otherwise, oi' l)(innnion, I'roxincial, l>ritish, foreio;n and 
 othei- ptililic secin'ities, and it may eni^fii^^e in and carry on such laisi 
 la'ss generally as appertains to the husiness of linnkiiifr ; luit, except 
 as authori/ed iiy this Act, it shiill not. either directly or indirectly, 
 deal in the lniyiMif, m- sellin"'. or iiarterin^ <if ^'(khIs, wares and mer 
 chandise, or eiioa^fe or he en^fii^feij iu any trade or business whatso- 
 ever: and it shall not, either directly or indirectly, purchase, or deid 
 in, or lend money, or make advances upon the security or pledjrc df 
 any share of its own capital stock, or of the ca])ital stock of any 
 haid< : and it shall not, either directly or indirectly, lend money or 
 make advances upon the secin'ity, mort^aoi-, (ir hypothecation of any 
 land, tenements, or innnovahle property, or of any ships oi' other 
 vcst^els, or upon the security of any jroods, wares and merchandise. 
 
 65> 'I'he liank sliall have a pii\ileo;ed lien, for any deht <ir liahility 
 for any deht to the haid-:, on the sliaics of its own ca|)ital stock and 
 on any unpaid dividends of the dehtor or person liahle, and may de- 
 cline to allow any transfer of the shares of such dehtor or person 
 until such deht is paid ; and the hank shall, within twelve months 
 after such deht hasacfrue<l and liectaiie payahle, sell such shares, ami 
 notice shall he i^i\'en to the holder thereof of the intention of the 
 hank to sell the same, \<y mailing such notice in the post oiiice to the 
 last known address of stich holder, at least thirty days ])rior to sTicli 
 sale: and upon such sale hein^- made the president, vice-jiresident. 
 manao'er oi- cashier shall execute a transfer of such shares to the 
 ])urchaser thereof in the usual transfer hook of the hank, which 
 transfer shall vest in such purchaser all the rijfhts in or to such 
 shafes which were po.ssessed hy the holder thereof, with the same 
 ohlioation of warranty on his part as if he wei'e the scndor thereof 
 hut without any warranty from the hank or hy the otlicer of tin 
 hank executiiif^ such traust'er. 
 
 Collateral 66' The st(X,'k, honds, duboiitures or securities, ac(|uired and held 
 
 seeiirities may hy the hank as collateral security, may, in case of default to pay the 
 
 Bank to havi 
 lien on deb- 
 tor's sliares. 
 
 Sale of such 
 shares. 
 
 Notice. 
 
 Transfer in 
 case of sale. 
 
An Aot Rkhi'ectino IJanks and Banking. 
 
 Hf) 
 
 (Irlit, t'ol' Hccuciiif,' wliicli tlicy wt'l'i' so nciiuircd jiikI lirlil, lie dcalf l'« Himilnrly 
 w itii, solil mill coiivcycil citlirr in liUi- inuiiiii'i' iiinl sulijcct to tlin '''''^'' '"''"• 
 siiiiii' I'cHtiict.ioiiM RH lui' In'ii'iii pioviilcd in icsprct. of stock ol' tlii) 
 liiiiik on wliic'li it has H<M|uii-ril a lien umlfr tliis Act, or in like nian- 
 mr as atid siilijrcl to tlir rcstiictions imdci' wliicli it private iniii\ idmil 
 iiii^dit in like ciriMnnstanccs deal with, sell and convey tlie same, l)ut 
 uitliotit olili^'ation to sell the same within twelve months; 
 
 •J. The I'i^ht so to deal with ami dispose ol' snch stock, Koiids, de- Kinlii to do so 
 111 iitin-es or securities in manner al'oi'esaiil may lie waived or varied '"■i>''t"'i\ivL(l. 
 iiy any affrcenicnt hctween thcf liank and the owner of snch stock, 
 licinds, delientures or securities, made at the time at which such delit 
 was incurred, oi' if the time of payment of such delit has lieen e.\- 
 tt'inUfil, then \>Y an ai'i'eenient made at the tinw of such extension. 
 
 67. 'i'lie hank may accpiire and hold ical and inmiovahle propt'i'ty Ucal L-siaio for 
 I'or its actual use and occupation and the manao-ement of its laisiness, occupaiiin. 
 and may sell oi' dispose of the same, and acipiire other property in 
 
 its stea<l for the same purpose. 
 
 68. 'The liatd\ may take, hold atid ilispose of nica'ti^ao'es and Mort|;a(;i's as 
 lijll)iillic(jiicn upon real or per.somil, iuniiovahle or tnovahle property, '"''''')<'i>"l 
 iiy way <>f additional security for dehts contracted to the hatik in the '"^'"">'' 
 (nurse of its laisiness; ami the riolits, powers and prixileoes which 
 
 the hank is liy this Act declared to have or to have had in I'cspect of 
 leal or immovalile property niorto;a;,red to it, shall he held and pos- 
 sessed hy it in respect of any personal or nio\alile jaoperty which is 
 iiiortj,'a{j;e(l or hypothecated to it. 
 
 69> The hank may purchase any lands or real or immo\alile |iro- 
 peity otlered for sale under execution, or in insoK t'liey, or under the 
 order or decree of a court, as lieloiieinjr to any (lehtia' to the hank, or 
 otlered for sale hy a mort<,oi,f;-ee (m- other encimihraiicer having,' prior- 
 ity over u niortoao'e or other eiiciimhrance held hy the hank or 
 iillered for sale hy the hank under a power of sale ^i\en to it for 
 that ])urpose, in cases in which, under similar circumstunceH, an indi- 
 vidual C(aild so |)ureliase, without any restrictiiai as to the value of 
 tlir property which it imiy so purchase, and may acipiire a title 
 thereto iis any individual purchasing' at sheriff's sale, or under a 
 power of Side, in like circumstances, could do, and may take, have, 
 hold and dispose of the same at pleasure. 
 
 riiichnsf of 
 land \indcT 
 c'xcciilion, &C, 
 
 70. The hank may acipiiie and hold an ahsolute title in or to real Aljsoluto title 
 Ol- imniovahle jirojjerty inortii,fiio('d to it as security for a deht diK^ or ,'m]r .,1^ "'^ 
 o\\iiio- to it, either hy olitainino' a release of the e(|uity of reilemptioii 
 ill tin; inort^ao;ed ])ro|ierty, or hy prociu'in^' a fori'closiire, or hy other 
 iiicfuis wherehy, as lietweeii individutds, ati e(|uity of riMlemption can, 
 liy law, lie harred.and may purchase and ac(|uire any |)rior niortoao'e 
 ol- cliarf^e on such propeity ; l'i-ovideil always, that no liank shall 
 hold any retil or imniovahle propeiiy, howsoever acipiirt^d, except 
 such as is i-e(|uired for its own use, for any pei'iod exceedino- seven 
 \ears from the date of the acipiisitioti thereof. 
 
 I'roviso : sale 
 of property so 
 ac(|uired. 
 
 «.■■ 
 
 71. Nothiufi; in any chartei'. Act la- law shall he (lonstrued as ever Title to lands 
 li.-i\ iii^ prevented or as preventiiif^- the liank from acipiirinj,' tind hold- ^" aoiuired ; 
 it 1 1,' an ahsolute title to and in any such mortgaj,'ed real or iuunovable l^'^""-''"f '*'>'''» 
 
'Wm^'^ 
 
 so 
 
 An A(;t HE.si'K<n'iN(i Hankh and Hankin(i. 
 
 As to advan- 
 ces for liiiilil- 
 in^; ships. 
 
 property, wliattncr tlic vtiliK' tlit'i(«(»f is, or from cxcrciHin^ or acting 
 upon iiiiy power of siile coiitiiiiied in any niorijriij,'e j,'iven to it or 
 Im'IiI liy it, iiiitlioi'iziii;,' or eiiiililiiij,' it to sell or cotivi'V nwiiy uny 
 pro|)ei'ty so iiiort^ii;fe<l. 
 
 72i ICvery liniik advunciiij,' iiioiii-y in iiitl ol' the liiiililin;f of any 
 slii|( or vessel sliall have the same nj^Ui of aetpiiriii<,' and holilino 
 security upon sueh ship or \'essel, while liuihlin^f ami when eom 
 pleted, either liy way of niort;,'a<fe, /ii/polliciiiir, hypotiiecation. 
 privile;,'!', or lien thei'eon, or j)urehase or transfer thereof, as imlivi 
 duals have in the i'lovinee wherein such shi|) or vessel is lieiiio; laiiU. 
 ami for that purpose may avail itself of all sueh ri^dits ami means 
 of olitainiii^' and enfoirin^ such security, and shall he suliject to all 
 sueh ohlioations, limitations ami eonditiiais as are, liy the law of 
 sueh I'ros iuee, eoid'erred or imposed upon indi\ iduals makiu<{ sueh 
 advanct'H. 
 
 VVarclioiisf re- 
 ceipts may l>c 
 laiii'ii as ciilln- 
 Icral scciirily. 
 
 Wlit'n previous 
 holder is an 
 aj;ent. 
 
 Intcrprelalion 
 of "Agent." 
 
 Loans to 
 wholesale 
 manufacturers 
 
 Loans to cer- 
 tain wholesale 
 purchasers or 
 shipjiers. 
 
 73. The iiaid< may aei|iiiic and hold any warehouso receipt or hill 
 of ladino- ns collateral security for the payment of any delit ircurreil 
 in its faNor in the course of its Itankino- luisiuess ; and the warehouse 
 receipt ol' hill of htdiiif,' so actpiii'ed shall vest in the liaid\, from the 
 date of the ac(|tiisition thereof, all the ri^dit and title of the pre- 
 vious holder oi- owner thereof, (tr of the person from whom such 
 j^oods, wares and merchandisu vveri- received oi' ac(piired iiy the 
 liaids, if the warehouse receipt or hill of lailino; is made dii-ectly in 
 favor of the haid\, instead of to the previous holder oi- owner oi' such 
 ^oods, wai'C's an<l mercliandist' : 
 
 2. If the previiais holder of siu;h warehouse receipt or hill of 
 ladiuif is the ajfeiit of the owner of the lioods, wares and merchiui 
 disc mentioned therein, the haids shall he vested with all the ri^hl 
 and title of the owner thereof, suhject to his ri^dit to htive the same 
 re-transferred to him, if the delit, as security for which they are 
 held hy the liaids, is paiti : 
 
 •i. In this section the expression " a^rent " means any person in- 
 trusted witli the possession of f,'o()ds, wares and mei-chandise, or to 
 wIkhm the same are consi<^ned, or who is possesseil of any hill of 
 ladinjf, receipt, order, or other docinneiit used in the course of 
 liusiness as proof of tlu! po,ssession or control of ^oods, wares and 
 merchandise, or authoriziiif,' or ])urportino- to authorize, either hy 
 indorsement or hy delivery, the possessor of such document to trans- 
 fer or receive the goods, wares and merchandise therehy repre- 
 senteil ; and such jierson shall he deemed the ])os.sessor of such goods, 
 wares and m<'rcliaiidise, hill of lading, receipt, order or other docu- 
 ment as aforesaid, as well if tla^ same are held hy any jierson for 
 him or suhject to his control as if he is in actual po.ssession thereof. 
 
 T^. The haid< may K'ud money to any perscai engaged in husine.ss 
 as a wholesale manufacturer of any goods, wai'es tind merchandise, 
 upon the security of the goods, wares and merchandi.se manufactureil 
 hy him or procured for such maiuifactiu-e : 
 
 2. The hank may also leml money to any wholesale purchaser or 
 shipper of products of agriculture, the forest and mine, or the sea, 
 hikes and rivers, or to any wholesale ])urcliaser or shipper of live 
 stock or (lead stock, and the products tliei'eof, upon the secm-ity of 
 such products, (jr of such live stuck or dead stock, and the products 
 thereof : 
 
 77. 
 
I 
 
 An Act Ukhi'K(TIN(; Hanks ank IIani<i\<i. 
 
 '.\. Such H«'curitv iimv Itc ^'ivfii liy t.ln' owiut ninl iiiiiy lir tiikcii in I "nn of 
 thr inriii M<-t Foitll ill SclM'.liih" ("'tu this Act. or to Ml".' like i-H'rct ; '"^^'""'y- 
 Miiil liy virtiii" ot" Hucli security, tin- liaiik sliiili ac.niiic tin- siiiiic 
 ri^jlitft mill powiM'H in respect to the ^^immIh, wares uiiil iiierclintitlise, 
 stock or priMhlcts covered thereiiy, hh it' it hiul tic(|liire<l the hiuiio hy 
 virtue of II warehouse receipt. 
 
 HI 
 
 When surh 
 security luny 
 lie r.ci|iiire(l. 
 
 I'.xcliiinnc of 
 Wii rehouse re- 
 reipt for hill of 
 ladiii}; nnd 
 7'/(V I'er.ut. ' 
 
 IB, The lintik shiill not iic<|iiire or hoM niiy wiirehoiise receipt or 
 I ill of liiiliii;r (,!• security timler tlie ni'xt precediii^f'sectioii to secure 
 till' piiyiiieiit of luiy liill, note or delit. iinh'ss sucli Itill, note or deht 
 is iieirol-iateil or coiitriicteil nt the time of the nc.piisitioii thereof hy 
 the hunk, or upon the written proiiiisi' or nj^reenieiit thnt such wnre- 
 lioiise receipt or liill of liuliiif^ or security wonhl he friveii to the 
 liiiiik : l>ut sucli hill, note or deht iimy he reiii'wed, or the time for 
 the payment thei'cof extended, witlioiit allectin^' iiiiy such security: 
 
 •2. TIk' hank may, on shipment of any ^'oods, wares and merchaii- 
 ilise for whicli it liolils a warehouse receijit, or security as aforesaid, 
 surrender such receipt or security and receive a iiill of Indin;,' in ex- 
 clumo'e therefor, or, on the receipt of iiiu' iriKids, wares and merclian- 
 disc for wliich it liolils a liill of lading' or security, as aforesaid, it 
 iiiay surrender such hill of ladin<^ ov security, store such floods, 
 wjires iim! merchandise, nnd take a warehouse receipt therefor, or 
 may ship them, or part of them, and take niiother hill of ladiiij; 
 tlierefca- : 
 
 '\. \'Wvry one is ^'uilty of a misdeiiiennor and li.ihle to imprison- 
 iiient for a term not exceediiio' two years who wilfully mnki's any 
 false statement in any Wiirehouse receipt, hill of JMdiin,' oi' security, 
 iis iifoi'esaid. 
 
 4. I<i\ery oiie is "'uilty of a misdcmeiiiior and lialile to imprison- 
 iiieiit for a term not exceedino' two years, who, luniiio; possession ov 
 I'liiitrol of any jfoods, wares and merchandise cosci'ed hy any wai'e- 
 liouse receipt, hill of ladiiio; or security as aforesaid, and havinj^f 
 kimwled^'e of such receipt, hill of ladino- (u- security, and without 
 ciiiiseiit of the hank, in writiny and liefoi'e the advjince, liill, note or 
 di'ht therehy secured hits heen fully ])aid, wilfully jilienates or parts 
 with any such o'oods, wares or meichiindise, or wilfully withhoMs 
 t'i-<iiM the hank possession there<if iipuii demand after default in pay- 
 ment of such iid\aiic(', hill, note or ileht. 
 
 76. If odiids, w;ii-es iiiid iiieicliaiidise are manufactured or pro- .\s to i^ouils 
 diiced from the jfoods, wares and mercliiimlise, or anv of tluin, m.anufiniured 
 included in or covered hy any wai'ehouse receipt, or security s'iven "''"V '"'"^ 
 under section seventy -foin- of this Act, while so cov(M"od, the hank 
 
 linl(lin(r such warehotise receipt or security shall hold or continue to 
 liiild such ^roods, wares and merchandise, during the process and after 
 the completion of such manufacture or jn'oduction, with the same 
 lio'ht and title and for the same pin'poses and upon the siime condi- 
 tions as it held or could lia\e held the orio'inal oimxIs, wai'es tind 
 merchandise. 
 
 77. All advances made on the security of any hill of ladino' or I'rior elaim of 
 warehinise rccoi[)t, or security yiven iindei' .section seventy-four of '•"-' 'l''"''^ '"^■' 
 this Act, shall .jive to the hank makini,^ such advances a claim ha- »"P'->'>I vendor, 
 the repayment of such advances on the o^oods, wares and merchan- 
 dise therein mentioned, or into which tliey have heen converted, prior 
 
 IVnahy for 
 ninkiug false 
 slateiueiil. 
 
 I'enally for 
 nlienatiiif; 
 goods so se- 
 cured. 
 
 
 
 * 
 
 
 
 ii 
 
 * 
 
 
 ■'I 
 
88 
 
 An Act REsrwrrmo Banks aNii BANKiNa 
 
 Snle of jToods 
 on non-pay- 
 iiK'nt of debt. 
 
 Notice to be 
 given before 
 sale of goods 
 plc(>ged. 
 
 to iinil liy prct'crciiot' oyer t.lic olaiiii of iu\y uiipiiid vendor: liut siifli 
 pit't'crcnec sliall not lie ^nvcii over tlu; claim of any unpaid V('n<loi 
 who had a lien npon such (foods, wai'cs and nici'diandisc at the tiiiir 
 of tlic ac(|nisition liy the liank of snc-h wari'liousc receipt, liill oi' 
 ladino-, or secui'ity, unless the sjiiiie was acipiii'ed without know lei I oc 
 on the ])art of the liaidv of such lien. 
 
 78. In the event of the non-payment at maturity of any deht 
 secured hy a waii-house recei|)t oi' liill of ladino;, or secui'ity {^ivcn 
 under section seventy-four of this Act, the hunk may sell the jfoods 
 wai'es an<l merchnndise mentioned therein, or so much thereof as will 
 suffice to pay such delit with intei'est and expenses, returnino- the 
 ov((r[)lus, if any, to the person from wiiom such wai-ehoiisc receipt, or 
 hill of ladino-, or security, oi' the oikhIs, wai'es and merchandise men- 
 tioned therein, as the case may he, were iUMpiired : hut such power nf 
 sale shall he suhject to the following pro\isions, namely: 
 
 2. No sale without the consent in writing of tht owner of any 
 tiiidiei', hoards, (h-als, staves, saw lo^'s or other hnnher, shall he made 
 undei' this Act until notice of the time ju.d |)lace of such sale lias 
 heeu o'ivi'ii hy a reo'istereil letter, mailed in the post otHci^ to the last 
 known address of the pledijer thereof, at least thirty days ju'ior to 
 the sale thei'eof : an<l no i^oods, wares and mercluuKlise other than 
 timln'r, hoards, deals, stavi's, saw-loo^s oi' other lundiei', shall he sold 
 hy the hank tnider this Act without the consent of the owm r, until 
 r.otice of the time and place of sale has heeii oiven liy a reyis- 
 tei'cd letter, mailed in the post ofhce to the last known address of the 
 pledger theV'-of, at least ten days [(rioi- to the sale theri'of : 
 
 ']. I<]very such sale of any article mentioned in this section, with- 
 out th(! consent of thi> owner, shall he made hy puhlic auction, after 
 a notice thei-i'of hy ailvei'tisement, stating the time and jilace thereof 
 in at least two news))apcrs ]iuhlished in or nearest to tlie ])lace wheic 
 the sale is to he made: and if such .sale is in the I'l-ovince of (^hieliec. 
 then at least one of such newspnjiers shall he a newspaper ])ulilishe(l 
 in the iMio'lish lano'uao-e, and oui' other such newspaper shall hi' a 
 news))aper puhlisheil in the l*"'i'ench lano-uaji'e. 
 
 Penalty for 79. K\ eiy hank which \iolates any provision contained in any of 
 
 contravention, the HOcti(ms iHUidiered si.xty-four to .seventy-ei^ht (hoth inclusive) 
 
 sh.-dl incin' for e;ich \ioliition thereof a ])enalty not exceedino- li\c 
 
 hundred dollars. 
 
 .Sale by auc- 
 tion alter no- 
 tice. 
 
 No jienalty for 
 usury. 
 
 What interest 
 Uiay be 
 allowed. 
 
 No in.struMU'iil 
 to be void on 
 (ground of 
 usury. 
 
 80. 'I'he hank shall not he liahle to incur any penalty or forfeiture 
 for usury, and may stipulate for, take, reserve or extict tiny rati' oi' 
 intei'est or di.scount not exceedinji; .seven pt^r cent, per annum, and 
 may receive and take in ailvance any such rate, hut no hiohcr rate 
 of interest shall he I'ecoNcrahle hy the hank : and the haid< may 
 allow any rate of interest whatever u]i(Hi money de|)osited with it 
 
 81. Ni' pmmis.sory note, hill of exchanoc or nther iiej^otiiihlc 
 security, discounted hy or indorsed ur otherwise assio-ne<l to the 
 iiank, shall he hehl to he xoid, iisuiions or tainteil hy usury, as 
 refjards such hank, or any makei', drawer, acceptor, indor.ser, oi 
 indorsee thereof, or other party thereto, or homi jiilc holder thereof, 
 nov shall any [)arty thereto he suhject to any [xmalty or forfeiture 
 by roason of any rate of interest taken, stipulated or received hy such 
 
An Act Respecting Banks and Banking. 
 
 89 
 
 I' (if miy 
 lie iiijidc 
 sale liJis 
 
 the last 
 
 |irii>r t.(i 
 Ir'I' than 
 
 lie, solil 
 u 1', until 
 
 a I'ci^'is- 
 ss of tlic 
 
 hai^k, on or with respect to such pronii.s.sory note, bill of exchange, or 
 
 iitlicr ncnotialilc sconrity, oi- pai<l oi- allowc"! l)y any party thereto to 
 another in compensation for, or in consideration of the rate of interest 
 taken or to }h' taken thereon by such bank : Imt no i)art\' thei-eto, 
 
 -.., ^ ..,-^. ... ■-. ^ 
 
 H' taken thereon by such bank : Imt no party thei-eto, 
 Iher than the hank, shall be entitled to 
 
 suit 
 
 other than the hank, shall be entitled to I'ecover or liable to j)ay 
 more than tlx; lawful i-ate of intei'est in the Province whei'e tlw.^ suit 
 is brought, nor shall the bank be I'ntitled to recover a hif>;her i-ato 
 than seven pei- cent, per annum ; and no iiniocent holder of or party 
 ^ ' '' ^ '" '■ ' ^' 1- nog'otiable security. 
 
 to any promissory note, bill of exchan;;'e or otlie 
 
 slia" 
 
 tl 
 
 As to innocent 
 holders. 
 
 lall, in any Ciuse be di^prived of any remedy ao'ainst any party 
 uiiereto, or liabhs to any penalty or forfeitui'e, by reason of any usury 
 or offence af^ainst tin; laws of any such Province, r(;spectin_ir intei'est, 
 committed in respect of such note, bill oi- nej,^otiable security, without 
 the complicity o3' consent of such innocenL holder or party. 
 
 82. The bank may, in diseountinn' at any of its places of business. Collection 
 hraiiches, ae-encies or offices of di.scouiit and deposit, any note, bill or • 
 other negotiable seciu'ity or paper payable at any othei" of its own 
 
 ]ilaces or s(;ats of business, branches, agencies or offices of di.scount 
 and dejiosit in Canada, recei\'e or retain, in addition to the discount, 
 any amount not exceeding the following rates per cent., according to 
 the timc^ it has to run, on the amount of such note, bill or other nego- 
 tiable security or paper, to defray the exjienses attending thecollection 
 thereof, that is to say : undei" thirty days, one-eighth of one per 
 cent. ; thirty days or over but un<lei' sixty days, one-fourth of one per 
 cent. : sixty days and over, but under ninety days, threc-eightlis of 
 one per cent. : ninety days and over, one-half of one per cent. 
 
 83. The baid-; may, in discounting any note, bill or other negoti- Agency fees, 
 alile security or paper, lioini fide payable at any place in Canada 
 different fi'om that at which it is disc(anited, and other than one of 
 
 its own places or seats of business, branches, agencies or offices of 
 discount and deposit in Canada, receive and retain, in addition to the 
 iliscoinit thereon, a .sum not I'xccH'ding oiu^-half of one per cent, on 
 the amount thereof, to defray the expenses of agency and charges in 
 collecting the same. 
 
 84-. The bank may receive deposits from any person whomsf)ever, 
 whatever his age, status oi* condition in life, and whether such per- 
 son is (jUaliHed by law to enter into oi'dinary contracts or not; and, 
 from time to time, may repay any or all of the principal thei'eof, 
 and may pay the whole or any part of the interest thereon to such 
 l>erson, without the authority, aid. assistance or intervention of any 
 person or official being re(|uireil, unless liefore such repayment the 
 money so deposited in and repaid by the liaids is lawfully claimed as 
 tlu! pro])erty of some other person, in which case it may be paid to 
 tile dejiositor with the consent of the claimant, or to the claimant 
 with the consent of the depositor: Pro\ided always, that if tlu^ 
 |ieison making any such deposit could not, inider the law of tlie 
 IVovince where the deposit is made, de])osit and withdraw money in 
 and from a liank witluait this section, the total amount to be received 
 fiom such person on dejiosit shall not, at any time, (ixceed the sum 
 el' five hundred dollai's : 
 
 2. The bank shall not be hound to see to the execution of any 
 trust, whether expressed, im])lied or constructive, to which any 
 II 
 
 Deposits may 
 be received 
 from persons 
 unable to con- 
 tract. 
 
 Proviso : 
 anioiml limit- 
 ed. 
 
 Bank not 
 bound to .see 
 to trusts in re- 
 
 W-» '■ *'• 
 
90 
 
 An Act RKspEfTiNo Banks and Banktno. 
 
 latiiin In 
 deposits. 
 
 sm-h 
 
 (li'posifc iiiiulc under tlu' autliority of tin's section is subject : gfim I 
 except only in i]w case of a lawful claim, l>y sonic otluT person 
 liefore repayment, tlie i-eceipt of fclie ])erson in wliose name any sucli 
 deposit stands, or if it stiinds in the name of two persons tlie recoi|)l: 
 of one, or if in the names of more than two p(>rsons the I'eceipt of a 
 majca'ity of such jx'i-sons, shall lie a sufticient dischari,'e to all con- 
 cerned for the payment of any money payable in respect of such 
 deposit, notwithstanding- any trust to which such deposit is then 
 subject, and whether or not the baidc s(ai<,dit to be charjfcMl with such 
 trust (and witli whom the deposit has Iteen made) had notic(> thereof : 
 and the bnnk shall not be bound to see to the application of the 
 money paid upon such receipt. 
 
 HFITDNS ItY TIIF. HANK. 
 
 Monthly ro- 
 tuins to (lov- 
 ernment. 
 
 I'cn.iUy fnriK 
 ni.iUinf; up 
 niiinthly re- 
 turns in due 
 time. 
 
 85> Monthly returns shall be made by the bank to the Ministei' 
 of Finance aixl lleceiver-deiieral in the form set forth in Schedidc 
 ]) to this Act, and .shall be maile U]) and .sent in within the tirst 
 fifteen days of each month, and shall exhibit the condition of thr 
 baid\ on the last jiu'iilical day of the month next precediiio- ; and 
 .such UKaithly returns shall liesio'iied by the chief ticcotnitant and by 
 the president, or vice-pi-esident, or the director or principal jiartucr 
 then actinf^ as president, and by tlie niana<i;er, cashier or other jirin- 
 cipal officer of the baidc tit its chief place of business: 
 
 2. Every I'r'nl-' "■hich neo'h'cts to mnke u]i and send in, as afore- 
 .saitl, any monthly return re(|uii'ed by this section within the time 
 herttby limited, shall incur a |)enalty of fifty <lollars for each and 
 every day after the expiration of such time durine- which the bank 
 neo;lects so to make up and send in sui'h retiu'ii : and the date upon 
 whicli it appears by the post oftice stamp or mark uixm the envelope 
 (U' wrapper enclosin<r such return for transmission to the .Minister of 
 Finance and Rt'ceiver-(}eneral, that the .same was deposited in the 
 ])ost office, shall be taken priiini fucir, for the purposes of this sec- 
 tion, to be the date upon which such rettu'n was made up an<l 
 scut in. 
 
 Penalty for 
 not ni.il<in(; 
 s\ic.li return in 
 due time. 
 
 .'-ipeci.il returns 86* 'I'iie Minister of I'^inance and Keci'i\i'r-General may also call 
 may be called |',„, v^pecial returns from tuiy l)ank, whenever, in Ins ju<l<^inent, tlu y 
 iire neces.sary to afford a full iui<l complete knowledof uf its con- 
 dition : 
 
 2. Such special returns shall be nnide iind sio-ned in the mannei' 
 and by tla^ ]iersons specilied in the next ju'ecedinof section, ami every 
 baid< which neo'lects to make and send in any such special return 
 within thirty days from the dtite of the demand therefor by the 
 Minister of Finance and Receiver-Oenertd shall inctn- ti penalty of 
 five hundred doll.-irs foi- each and every day such nee'lect contiinies ; 
 and the provisions contained in the last preceding' section as to the 
 y*/'M/H/ /Wr('f' e\ideiice of the date upon which retin'iis are nnide up 
 and sent in thereunder, shall Jipply to rettniis made under this 
 section : I'rovided always, that the Minister of Finance anri Heceivei- 
 (ienend may extend the time for sendino- in such s])ecial returii-^ 
 for such fiu'tlior period, not exceedino; thirty dtiy.s, tis he think- 
 expodiunt. 
 
ijl 
 
 An Act REsPEcriNd Banks and Banking. 
 
 !)1 
 
 87. 'I'lii' l)iuil\ sliiill, witliin twenty days iihrr tlu^ close of fiidi 
 (.ilciidar year, transmit or ilclivcr to tlic Ministci' of Finance and 
 llcccivci'-Cn'nL'ral, to Ik; liy liini laid licfoi-c Parliament, a ccrtitied list 
 slidwinjj the names of the shareholders of the l)aid< on the hist <lay 
 i>\' sueh calendar year, with their additions and residences, the nnm- 
 licr of shares then held hy them I'espeetively, and the value at j)ar 
 <if such shares : 
 
 2. Such list shall he (hdivered at the Depai'tment of Finance, or 
 shall he sent hy ree'istei'ed letter posted at such time that, in the 
 nrdinary cour.se of post, it may ho delivered at the said Depaitment 
 within the time ahnve li:inte(l : 
 
 .'>. Every hank which neglects to ti'ansniit such list in manner 
 ai'ore.said within the timi' aforesaid shall incur a penalty of fifty 
 (Inllars for each and every day dui'iui,' which such ncfflect 
 continues. 
 
 Transmission 
 of cerliticil 
 lisls (if sliiirc- 
 hdldcrs to 
 Minister of 
 I'inancv;. 
 
 Mode of trans- 
 mission. 
 
 Penalty for 
 ncfjlcct to 
 transmit such 
 
 lists. 
 
 also cal 
 
 88. The hank shall, witliin twenty days after tlu- close of each 
 calendar year, transmit or delivei' to the Minister of Finance and 
 h'ecei\-er-()eiier)il, to \)v hy him laid hei'ore T'arliameiit, a ri'turn of till 
 dividends which have reniiiined unj)aid for more than five years, tind 
 also of nil amounts or halances in respect to which no tran.sactions 
 li.ive taken pltu-i' or U])on which no interest hits heen ])aid durini>' the 
 live years prior to the date of such return : Provide<l jdwiiys, that in 
 case of moneys depo.sited for a fi.xed period, the period of five years 
 iiliove referred to shall he reckoned from the date of the terniintition 
 of sucli tixed period : 
 
 2. Such return .shall he sij^ned in the mainiei' reipiired for the 
 iiioiithly returns und(>r section eie'hty-five of this Act, and shall set 
 I'lirMi the name of each shai'eholder or creditor, his last known 
 adiire.s.s, the amount due, the ii<;'ency of the hank at which the last 
 tiansjiction took place, and the date thereof: and if .such .shareholder 
 or crt'ditor is known to the hank to he dea<l, such return shtill show 
 till' names and addresses of his IcffJil representatives, so tar as known 
 to the liank : 
 
 •S. Every htmk wdiich netjlects to tran.smit or deliver to the Mini.ster 
 111' I'^inance juid Receiver-(!eneral the I'etnrn ahove referred to, 
 within the time hereiidiefore limited, shall incur ti penalty of 
 tii'ty dolliirs for each tind every day durino' which such neglect 
 coiitimu's : 
 
 4. If, in the event of the windino- up of the husiness of the hank in 
 insolvency, or under any n'enend winding-up Act, or otherwise, any 
 moneys jiayahU' liy the lii|nidiitoi', either to .shiU'eholders or depo.si- 
 tms, reniiiin tniclaimed for the ])i'riod of thive years from the dtite 
 III suspension of payment hy the hank, or from the commencement 
 of the winiling up of such husine.ss, or until the final winding up of 
 such husiness if such takes ])lace hefore the expiration of the said 
 three yeiirs, .such moneys iind tdl interest thereon shall, notwith- 
 standing tiny stiitute of limitations or other Act I'ehiting to prescrip- 
 tion, he ])aitl to the Minister of Finance and Receiver-Oeneral, to ho 
 held hy him suhjeet to all rightful cltums on hehalf of any ])erson 
 ether than the hank : luid in c.'ise a claim to .any moneys so piiitl as 
 ahiicsaid is thereaftei' estalilished to the satisfaction of the Treasury 
 l^iiard, the (lovernor in ('laincil .slitdl, on the repia-t of the Tretisury 
 Bii.'ird, tlirect ])ayment thereof to he made to the person eiititleil 
 tliiii^to, togethei- with interest 'm the priuciptil sum thereof tit the 
 
 .Annual 
 statement of 
 dividends 
 remaining 
 unpaid, &c. 
 
 Proviso, 
 
 Details of re- 
 turn. 
 
 l''urther do- 
 tails. 
 
 Penalty for not 
 luakingannual 
 return. 
 
 Disposal of 
 
 unclaimed 
 
 moneys. 
 
92 
 
 An Af!T Respecting Banks and Hankino. 
 
 Proviso. 
 
 Proviso. 
 
 Rciiuirfinonl 
 as tooiilst.im 
 iiij; notes in 
 case of insoi 
 vency. 
 
 nitnot" tlu't^c ])('!• cent, per aiiiiuia Foi' ii period not exceed iiij;' , si, \ yeiiis 
 tVoni tlie date of payment tliereof to tlie said Minister of Finance and 
 Receiver-(ienei-al as aforesaid : Provided, however, that no snch in- 
 t(-'rest shall he paid oi' j)ayal)h' on sneli piinc-ipal snni, unless interest 
 thifreon was jiayahle hy the hank ]>ayiM^ the same to the said 
 Minister of Finance and Recei\'er-()eneral : Provided also, that on 
 payment to the Minister of Finance and Heceiver-( Jeiieral as heroin 
 pi'ovided, the hank and its assets .sliall he held to he discharged from 
 further liahility for the amounts ,so paid. 
 
 5. Upon the windino-up of a hank in insolvency or unih'i' any 
 I- general winding-u]) Act, or otherwi.se, the assignees, licjuiilators, direc- 
 toi's or other officials in charge; of such winiling-up, shall, Itefore the 
 final distrihution of the assets, or within thi'ee yi'ars from the com- 
 niencement of the .suspension of ))aynient hy the hank, whichex'er 
 sliall tii'st happen, pay oven* to tlie Minister of Finance; and Receiver- 
 General a Sinn out of the assets of the liank ecpial to the amount 
 then outstandinif of the notes intemleel for circulation issued hv the 
 l)ank; and, upon such payment ln'ing made, the hank and its assets 
 shall he relieved from all fui'ther liahility in i-cspect of .such out- 
 standing notes. The sum so paid shall he held hy the Minister of 
 Finance and Receiver-(ieneral and a[)plie(l for the purpo.se of 
 redeeming, wheiuiver presented, such outstanding notes, without 
 interest. 
 
 i\.s()i.vi;n'(v. 
 
 Liability of 
 sharehoUlers 
 in case of in- 
 sufficiency of 
 assets. 
 
 89. In the event of the property and assets of the liunk heing in- 
 sulKcient to pay its del)ts and liahilities, each shai'eholder of the hank 
 shall he liahle for the deficiency to an amount eejual to the par value 
 of the shares held hy him, in addition to any a.,.,)unt not paid up on 
 .such shares. 
 
 Provision as to 
 prescription 
 and statute of 
 limitations. 
 
 Retroaction. 
 
 90. As a couilition of the rights and privileges conferred hy this 
 Act or hy any Act in amendment thereof, the following provision 
 shall have effect: — The liahility of the haidv under any law, custom, 
 or agreement to repay moneys deposited with it and interest (if any) 
 and to pay dividends declared and payahle on its capital stock, shall 
 continue notwithstanding any statute of limitations or any enact- 
 ment or law relating to prescription : 
 
 2. This section ap])lies to moneys heretofore or hereafter depositi'd, 
 and to dividends heretofore or hereafter declared. 
 
 .Suspension for 91. Any suspension l)y tlie hank of payment of any of its liahili- 
 
 90 (lays to ^[^.v. .j^ they accrue, in .siiecie or Dominion notes, shall, if it continues 
 constitute in- ,. ■ , " 1 i- 1 1. • i. 1 -xi • i. 1 
 
 solvency. *'"' "'-'"'ty days, con.secutively, or at intervals within twelve consecu- 
 
 tive monWis, constitute the hank insoKent and operate a forfeiture of 
 its charter or Act of incorporation, so far as regards all further 
 hanking opei'ations; aii<l tlw charter or Act of incor[)oration shall 
 remain in fiace only for the purpo.se of enahliug the tlirectors or other 
 lawful authority to make and enforce the calls mentioned in the next 
 following sections of this Act and to wind up its husine.ss. 
 
 C.ills in such 92. If any .suspension of payment in full in specie or Dominion 
 
 cases. notes of all or any of the notes or other liahilitii^s of the "hank con- 
 
 tinues for three months after the expiration of the time which, under 
 
An Af:T Resi'ectino Banks and Bankin(j. 
 
 93 
 
 tlic ])i'(^c'c'(linj^- section, would cotistitutc tlic liaiik iiisolvi-iit, uiid if no 
 |ii(i('('i'iliiifrs are taken tniiU'r any ^(.'iicral oi' spci'ial Act for the \vin<l- 
 iiii;' 11]) of till' liank, tlic directors shall iiwdsc calls on the sharc- 
 li(]ldcrs thereof, to the aiiioiint they deem necessary to pay all the 
 dehts and liahilities of the hank, witlumt waiting,' foi- the collection 
 ul' any dehts due to it or the sale of any of its assets oi' property.: 
 
 ± Such calls shall he made at intei'vals of thirty days, and upon 
 notice to he j^iven thirty days at least prior to the day on which 
 such calls shall he payahle, and any nuniher of such calls may he 
 made hy out* resolution: any such call shall not exceed twi'iity per 
 cent, on each share; and payment of such calls may he enforceil 
 ill like manner as jiaynieiitof calls on unjiaid stock may he eiifoi'ced ; 
 ami the first of such calls may he made within ten days !i,fter the ex- 
 piration of the saiil three months: 
 
 '■i. Every director who refuses to make or enforce, or to concur in 
 making or enforcing any call under this section, is guilty of a mis- 
 demeanor, and liahli' to imprisonment for any term not exceeding 
 two years, and shall further he personally responsilde for any dam- 
 ages suffered hy such default. 
 
 How such 
 calls shall he 
 made and en- 
 forced. 
 
 Refusal to 
 make calls 
 under this sec- 
 tion a inisde- 
 ineanor. 
 
 
 93. In the event of proceedings heing taken under any general or (nils under 
 special winding-up Act, in conse(pience of the insolvency of the hank, windin{;-up 
 the said calls shall he made in the manner prescrihed Wn- the making ^ '^'" 
 
 of such calls in such general or s[)ecial winding-up Act. 
 
 94. Any failure on the jiart of any shareholder liahle to any such I'orfciiure for 
 call to pay the sanu; when due, shall operate a forfeiture liy such """-P^ynent. 
 shareholder of all claim in or to any part of the assets of the hjink, — 
 
 such call and any further call thereafter heing nevertheless rec ver- 
 ahle from him as if no such forfeiture luid heen incurred. 
 
 95> Nothing in the six sections next preceding cinitained shall he Liability of 
 
 construed to alter or diminish the athlitiiaitd liahilities of the direc- 'Jirectors not 
 , , • 1 !• .• 1 111 1 diminished. 
 
 tors as iiereinnerore mentioned and declared. 
 
 96. Persons who, hiivin<f heen shareholders of the hank, have oidv Liability of 
 transferred their shares, or any of them, to others, or registered the ^""^'^""'•"••rs 
 tiaiisfer thereof within sixty days hefore the commencement of the transferred 
 suspension of payment hy tlu^ hank, and persons whose suhseriptions their stock, 
 to the stock of the hank have heen cancelled in manner hei'einhefore 
 jii'ovided within the said period of sixty days hefore the commence- 
 
 iiieiit of the suspension of [laymeiit hy the hank, shall he liahle to all 
 calls on the shares held or suhscrihed for hy them, as if they held such 
 shares at the time of such suspension of payment, stiving their re- 
 cutirse against those hy whom such shares were then actually held. 
 
 OFFENCES AND PENALTIES. , 
 
 97. Every one is guilty of a misdemeanor and lialile to impri.«on- President, &c., 
 
 lueiit for ii term not e.xceeilino' two years who, heini)' the ])resident, giving undue 
 .,,,., • ^ 1 '- ri i)referenci. to 
 
 \ice-president, director, priiici[)al partner en luini iiui iHiifc, nmuagw, any creditor 
 
 cashier, or other officer of the hank, wilftdly gives or concurs in giv- K"'''>"fa 
 
 iiig any creditor of the hank any fr;iuiluleiit, undue or unfair prefer- ""sdemeanor. 
 
 ciice over other creditia's, hy giving security to such creditor or hy 
 
 changing the ntiture of his claim or otherwi.se howsoever, and shall 
 
 I, ' ill 
 
94 
 
 An Act REspEoxiNti Hanks and Banking 
 
 Ki'iovfiy ami 
 (lisjiosal of 
 penalties. 
 
 furtlicr lie roHpoii.sililc t'oi' all dainaj^o.s Kustaincd \ty any pcisoii in 
 C()nHOf|Uonce of jsiicli prt't'ci'fiieo. 
 
 98> 'riic ainoinit of all |M'iialtii's ini|)(i.sr(l upoii a liank I'or any 
 violation of this Act shall he I'ccox iTalili- and ciifoircalilc with costs, 
 at tjic suit of Her Majesty, institutctl hy the Attca-ney-Ocncral of 
 Canaihi, or tlic Minister of Kinanc(( and Hccciver-Oencral, and such 
 ju'iialties shall helonjr to the ("I'own for the pulilic uses of Canada : 
 l)Ut the (jiovernia' in Council, on the repoii of the Treasury Jioard, 
 may direct that any portion of any penalty he rcMuitted or paid to 
 any pei'son, or applie(l in any manner deemed hest adapted to attain 
 till' iilijects of this Act, ami to secure the due administi'ation thereof, 
 
 99. The makiufj of any wilfidly false or deee])tive statement in 
 any acco\int, statement, return, re|)ort or other document i'es])ectin»- 
 the affairs of the l)aid< is, unless it amounts to a hi<^lier otfence, a 
 misdemeanor punishahle l>y imprisonment for a term not exceedin;^- 
 five yeai-s;a.nd every president, vice-pi'esident, <lirector, ))iincipal part- 
 ner ('II coiitiini inlltc, auditor, manai^cr, i-ashier or other otHci'i' of the 
 hai\k,\vho prepares, si^'ns, approves or concurs in such stati^ment, return, 
 re])ort oi' (locument, oi- uses the same with intent to deeoive or mis- 
 lead any person, shall he held to hasc wilfully made such false state- 
 ment, and shall further In- responsilile for all dama^a-s .sustained hy 
 any person in conseciuencu thereof. 
 
 UnauthorizL-cl 100. I0\ cry person assuuMU^ or usin^' the title of " hank," " haidv- 
 
 iise of title iiur c'omi)anv," " haiikino- hou.se," " haidiiiu' as.soci!ition " or " hankiu"- 
 
 ■ "M "xc. institution," with(ait hein^f tiuthorized so to do liy this Act, or hy 
 
 some other Act in force in that liehalf, is guilty of an oti'ence against 
 
 this Act. 
 
 Making false 
 statement in 
 returns, iS:c., 
 a misdemean- 
 or, &e. 
 
 Penalty for 'O'' Every perstm, committing an offence declared to be an oti'ence 
 
 otTence against against this Act, shall he liable to a tine not exceeding one thousand 
 
 this Act. dollars, or to impiisomnent for a term not exceeding tive year.s, or to 
 
 b<jth, in the discretion of the court before which the conviction is had. 
 
 PUBLIC NOTICES. 
 
 How notices 102. 'i"he several public notices by this Act retpiiri'd to l)e given 
 
 siwll begiven. shall, unless otherwise spi'citied, be given by advertisement in one or 
 
 more news])apers publishc-d at the place whei'e the head office of the 
 
 bank is situate, and in the ('iiinnld (ur.cHc. 
 
 DOMINION GOVERNMENT CIIEl^CE.S. 
 
 Government 103. The bank shall not charge any discount or commission for 
 
 cheques to l)c cashing ally official cliei|Ue of the (ioxcrnment of ('anada, or of any 
 paid at par. department thereof, whether drawn on itself or on another bank. 
 
 COMMENCEMENT (M' AC'I' AM) UEI'EAI.. 
 
 Connnence- I04-. This Act sliall come into force ow the first day of July, in 
 
 mentofthis tJje year one thousand eight humlred and ninety -one ; and from that 
 day chapter one hundred and twenty of the Reviseil Statutes of 
 Canada, intituled " An Act rettpiuiiiKj Banks and Jiankivff," the Act 
 
 Act. 
 
 Repeal gf 
 
 I 
 
J 
 
 An Act REsi'KrriNfi Hanks ano Bankino. 
 
 f)5 
 
 ]iiissetl in tho tifty-first year of llcr Miiji'sty's i-cii^ni, cluiptor twenty- KS.('.,r. 120 
 seven, in aniendment thereof, the Act piissed in the session held in ""27 l'„,Uo ci 
 tlie thirty-third year of Her Majesty's i'eii,ni, chapter twelve, v., c. 47. 
 iiitittileil " All A<'l lo rcuiovc ccrlnin itkI rid iaiiK ii'ilh rrspri'l In llw 
 ismii' of Ixiii/,- Dofrs ill Norn Sciitid," the Act passed in the session 
 held in the fiftieth and tifty-Hrst years of Her Majesty's r(!i^ni, 
 cliapter fort^'-scNcn, intituled ''An Art rcsprcli 111/ f/ir drfoci n;/ of 
 cull nirrf 'it iiotrs, <i 11(1 llic use of i mifolioiis of iiofcs," ami chapter 
 one hun<li'e<l and twenty of the Revised Statutes of New Bruns- 
 wick, " 0/' liii iihi iH/,' nwl the Act jiassed liy the Legislature of the 
 l'rn\ince of New Brunswick in the nineteenth year of Her Majesty's 
 rei^^n, chai)ter forty-seven, intituled "An Act lo c.rjihi'i 11 c/iiiptrr l.'O, 
 Tltlr XXXf,of llif Rrriscl Shifnlcs, ' Of liirnLinn:" shall ho ro- 
 pealeil, exce])t as to rights thei-etofore ac(|uii'ed or liahilities incurre(l savinc clause. 
 ill re<fard to any matter oi' thiu^' done or contract or a<,n'eenient made 
 nr entered into or otl'ences c<aiiiiiitted under the said cha])ters or 
 Acts, and uotliiiii;' in this Act shall atiect any action or [iroceedin^^'s 
 then pending' under the said chapter or Acts then rejieale(|, hut the 
 same shall be decided as if such cha])tei's and Acts had not heen re- 
 pealed. 
 
 n 
 
 S(MIK1)ULE A. 
 
 ott'once 
 lousand 
 I's, or to 
 I is had. 
 
 1 one or 
 of the 
 
 HANKS WHOSE CIIAnTERS ARE CONTINlKlt P.V THIS ACT. 
 
 1. The B.ank of Montreal. 
 
 2. The (.hieliec Bank. 
 
 '•]. La i!aii(|Ue du l'eU|de. 
 
 4. The Molsons Baid<. 
 
 5. The l>ank of Toronto. 
 (!. The (^ntaiio Bank. 
 
 7. The Eastern Town.ships Buidv. 
 
 (S. La P)an(pie Nationale. 
 
 !). La Ban(pie .iaccpies Carticr. 
 
 10. The Mei-chants' Baid< of Canada. 
 
 11. The Ciiion IJank of Canada. 
 
 12. The Canadian Bank of Conniierce. 
 V.i. The Dominion Bank. 
 
 14. The Merchants' Bank of Halifa.K. 
 
 15. The Bank of Xo\a Scotia. 
 l(i. The Bank of Yarmouth. 
 17. La Ban(|ue N'ille Marie. 
 
 IS. The Staiuhird Bank of Camilla. 
 I!). The Bank of Hamilton. 
 
 20. The llalifa.x i>ankin^- Comiiany. 
 
 21. La Bani|ue d'Hochela^a. 
 
 22. The Imperial IJank of Caiiaila. 
 2:}. La Bampie de St. H\-aciiithe. 
 
 24. The Bank of Ottawa. 
 
 25. The Bank of New Brunswick. 
 
 2(). The Kxrhan^-e Bank of Varmcaith. 
 27. Theriiion Bank of llalifa.x. 
 
 2H. The Bt'ople's Bank of Halifax. 
 2!). La Ban(|Ue de St. Jean. 
 
66 
 
 An Act Respfxtin(i IVvnks and Hankino. 
 
 ;iO. The Cotriniorcial Hank of Windsor. 
 
 .SI. The Wfstcni Bank of (knada. 
 
 M2. Tlif ( 'onmicrcial Maiik of Miinitolia. 
 
 'A'.i. 'Pile Ti'mlcrs' IJank of ( 'anada. 
 
 .'H. Tilt' People's Hank of New Hnnisvvick. 
 
 85. The St. Stephen's Hank. 
 
 8(). The Sunniieiside Hank. 
 
 SCHKDrLK H. 
 
 FORM OF ACT OF INCOUI'OHATION OF NEW HANKS. 
 
 An Aft to incorporate tlie Bank. 
 
 Whereas the persons hereinafter naniec] have, hy their petition, 
 prayed that an Act lie passed for the purj)os(! of estahlishine; a hank 
 in , and it is expedient to ^rant the prayer of the 
 
 .said petition : 
 
 Therefore Tfer Majesty, Iiy and with tlie advice and consent of the 
 Senate and House of C'onnnons of (.Canada, enacts as follows: 
 
 1. The ])ei'sons hereinafter naine(l, tof,'ether with such others as 
 lieconie shareholders in the corporation l>y this Act civatetl, an* 
 hcreliy constituted a cor])oration hy tlie name of , 
 licreinafter called "the Haid<." 
 
 2. The capital stock of the hank .shall be 
 dollar,s. 
 
 3« The chief office of the hank .shall he at • 
 
 4. 
 
 directors of the Hank. 
 
 shall he the pi'ovisiona 
 
 5. This Act shall, suhject to the pi'ovisions of section si.xteeii of 
 " The Wiiuk Act,"' remain in force until the lii-st day of July, in the 
 yeai" one thousand nine hundred ami one. 
 
 SCHEDULE C. 
 
 FOUM OF StX;niUTV UNDEH section .SEVENTV-Fonii. 
 
 In con.sideration of an advance of dollars, 
 
 made liy the ( mniic of IkihI:) to A.li., foi' which the said h;ink holds 
 the following' liills or notes ((Irxcrilic Jull// //"' Inll.s or iwti'n liclil. 
 if any), the jroods, wares and merchandise menticaied helow ai'e 
 hereby a.s,si^ned to the .said hank as scicurity for the payment, on or 
 before the day of of the .said advance, to- 
 
 gether with interest thex'con at the rate of per cent, per 
 
An Act Resi'kctino Bankh and Rankino. 
 
 07 
 
 luiiiiiiii tVoiii tlic (lay of (i>r, of tlic sniil liills 
 
 mill notes, or roiicvvalH tlioivot", or snlistitntionH therefor, and intoreHt 
 tlicri'oii, (*/' iiK Ihc <-iiNi' iiiiii/ III'). 
 
 Tliis sccMirity is ^rivcii uiulcr the proviHions of section seventy-four 
 of ''Pile liank Aet." ami is snltject to (ill the provisions of the said 
 Aet. 
 
 The said ^roods, wares and merchandise an- now owned liy 
 iind are now in possession, and are free fi'om any niort^fajfe, 
 
 lien or char^'e tla^reon, (nr as l/ir nisr uhii/ Itr), and ai'e in ( phici' or 
 jilmrK iclicrc (/oads <nr), and are the follitwin^: ( /xniicKldr (li'si-rij)- 
 h(n> of i/oikIk <insl(/ii('<l ). 
 
 Dated at ' !« . 
 
 SCIIKDITLE D. 
 
 lletiirn of tlie liahilities and assets of the hank 
 
 on the day of , A.I). 
 
 Capital authorized $ 
 
 Capital suliscrihed $ 
 
 Capital jiaid uj) $ 
 
 Amount of rest or reserve fund $ 
 
 Rate per cent, of last (livi<lend diiclared. per ctuit. 
 
 MAMiuriEs. 
 
 1. Notes in circulation '$ 
 
 2. Balance due to Dominion (Jovern- 
 
 nient, after dediictiiiff advances 
 for credits, pay-lists, &e 
 
 ;}. Iiabmce due to Provincial (Jovern- 
 meiits 
 
 4. Deposits hy tlii' jmlilic, jiayahle on 
 <leiiiaiid 
 
 "). Deposits hy the ])iil)lic, payai)le after 
 notice or on a ti.\e(| day 
 
 (). Loans from other haiiUs in ('anaila, 
 secured 
 
 7. J )e2iosits, payable (Ml di'iiiand oi- after 
 notice or on a Hxed day, made by 
 other hunks in Canada 
 
 <S. Balances due to other Imiiks in Can- 
 ada in daily e.Kchaii^cs 
 
 !). Balances due to aj^ciicii's of the hank, 
 or to other hanks or agencies in 
 foreifjn countries 
 
 10. Balances due to ajfciicies of the liank, 
 
 or to other lianks or aj^'eiicies in 
 the CnitiMl Kin<^(loiii 
 
 11. Liaiiiliti s not included under fore- 
 
 <;'oin<( heails 
 
 !< 
 
 12 
 
08 
 
 An Act IlEHi-ECTiNfi Bank.s and Bankino. 
 
 AHHKTS. 
 
 1. Specie * 
 
 2. Doinitiion notes 
 
 3. Deposits with Dominion (iovernment 
 
 t'oi' Hecnrity of note cirenliition . . . 
 
 4. Notes of and cliciines on other luinkH 
 .5, Loans to otiier hanks in Cniiaila, 
 
 secured 
 
 G. Deposits, payahle on th'niand or after 
 notice or on a ti\e<l ilay, nnul« 
 with otlier hanks in Caiwuhi 
 
 7. Balances (hie from other hanks in 
 
 Canada in daily ext^liant^e 
 
 8. Balances due from a^'encies of the 
 
 Itank, (a- from other banks or 
 afifencies in foreign) countries 
 
 9. Balances due from aifencies of the 
 
 hank, or from other hanks or 
 agencies in the llnite(l Kinirdom. . 
 
 10. Dominion (iovernment delientures or 
 
 stocks 
 
 11. Canadian municipal securities, ami 
 
 Biitish, Provincial, or foreiffii, or 
 colonial puhlic securities, (other 
 than Dominion) 
 
 12. Canadian, British and other railway 
 
 securities 
 
 13. Call loans on IkhuIs and stocks 
 
 14. Current loans 
 
 15. Loans to the (ioverimient of Canada. 
 10. Loans to Provincial (Jovernments. . . 
 
 17. (Jverdue delits 
 
 liS. Real estate, the pi'operty of the bank 
 
 (other than tlie bank premises.). . 
 
 19. Mortffa^es on real estate sold by the 
 
 bank 
 
 20. Bank premises 
 
 21. Otlier a,ssets not included under the 
 
 foregoing heads 
 
 Aggregate amount of loans to directors, and firms of which tluy 
 
 arc partners, $ 
 
 Average amount of specie held during the mcuith, $ 
 
 Average amoinit of Dominion Notes held during the month, S 
 
 (ircatest amount of notes in circulation at any time iluring tln' 
 
 month, S 
 
 [ declaiv that the above I'ctuni has been prepared under my 
 
 directions and is correct accordinj; to the bot)ks of the bank. 
 
 E. F., 
 
 Ckicf Accoimtant 
 
An Act Reshfctino Hankh ,.ni) I!ankino. 
 
 \Vf ilt'darti that tlio i'ort'^'oing return is made up from tin- Ixtoks of 
 tlic liank, and that t<i tlii' ln-st of our knowU l<,'i' and iM-htd" it is oor- 
 ivct, anil shows tridy and cl«'arly thi- Hiiancial position of tlic liank". 
 and wo further declare that the liank has never, at any time during' 
 the period to which the said return n^lates, held less than forty per 
 cent, of its cash reserves in Dominion notes. 
 
 99 
 
 il'larc) 
 
 this 
 
 day of 
 A. B., PreHuJemt 
 C. D., Oeneral M((V(i()pr. 
 
 m 
 
 X 
 
 i 
 
 ■ i 
 1 , 
 
 I' 
 
 
 dui'inf^ the 
 
49 VK^I^OinA. 
 
 OHM' 12}). 
 
 A. I). iHSd. ^^" Act respecting' Insolvent hiiiiUs, Insiinmce ( '(ini|iiinies, liOiui 
 Cuinpniiies, liuildin;; Societies, iin<l 'rradiiif,' ('or])onitions. 
 
 II 
 
 [J.,' \'i<\, i/iilj). ■!.', till' W I ml 1 11(1-11 /I A iiiriid iiit'iil Arl (ij 
 /SStf, i iiniicdiiitflif /(illiHi's thin ,1(7. 1 
 
 KH MAJKSTY, l.y iiml with tlie advice and consent of tlie 
 Sciiiitc and HotiHe of Coiniiions of Canaila, enacts as follows ; — 
 
 siioicr iiTi,!:. 
 
 Short tillo. 
 
 IntcrprL'ta- 
 
 tion. 
 
 " Company." 
 
 " In.surance 
 " company." 
 
 "Tradiny; 
 " company. 
 
 "Court." 
 
 1. This Act niiiy lie citeil as " Tlw ]\'i mli ini-l'i) Acl." 
 
 INTEIU'KET.VTION. 
 
 2, In this Act, unless the context othei'wise i('(|uiivH, — 
 
 (i(.) The t'xpi'ession " company " includes any corporation sulijcct 
 to the pi'ovisions of this Act : 
 
 {!).) The expression " insurance conii)any " means a company carry- 
 inf( on, eithei- as a mutual or a .stock company, the business of insur- 
 ance, whether life, Hre, marine, ocean or iidand marine, accidt^nt. 
 j,Miarantee or otherwise; 
 
 {(•.) The expression "trailing coinfiany " means any compan\', 
 except a railway or tciej^raph company, cariyin^f on business similar 
 to that carried on hy apothecaries, auctioneers, hankers, lirokers, 
 lirickmakers. builders, carpenters, carriers, cattle oi' sheep salesmen, 
 coach proprietors, dyi'rs, fullers, keepers of inns, taverns, hotels, 
 saloons or cort'ei; houses, lime liurners, livery stable keepers, market 
 f^arileiiers, millers, miners, packers, ])rinters,(iuarrymen,share-l)i'okers, 
 shipowners, shi[)wriolits, stock-br((kers stock-jobbers, victuallei's, 
 warehousemen, whai-Hnjjers, persons usin^r the trade of merchandise 
 by way of liarf^ainiiiji^, excli!in<i;e, liarterin^, commission, consi^nimeiit 
 or otherwise, in f^ross or by retail, or liy |)i'rsoiis who, either for them- 
 selves, or as ao;ents or factors for others, seek theii' living \>y buyiny' 
 and selIin<^or buyinoand letting for hire o()ods oi- commodities, or bv 
 the manufacture, workmanship or the conversion of (foods or commo- 
 dities oi' trees : 
 
 ((/.) The expression "court" means, in the Pi-ovince of Ontario,. the 
 High C(au't of Justice fta- Ontario: in the Province of Quebec, the 
 Superior Court for Lower Caufida; in the Province of Nova 
 
m 
 
 'riii', \ViN'i)i\(i-!'i' Acr. 
 
 Sc'itiii, tlif Siipiciiif Court/, ill tlic I'roviiK F Ni'W Hiiiiih- 
 
 wM'k. tJic Sii|>rcMic Couit; in tin- I'loviiicc of I'rincf Kilwiinl Islaiid, 
 til.' Sii|inim' (^lll^t.; in tin- I'loviiict- of IJiitisli ( "oliiiiiliia, tin' 
 Su|irriiii' ( 'ouit ; in tlif I'loviiicf of Miiiiit.olni, I In- iMnjfst y s ( 'oiiit of 
 (jluct'ii's iJciicli for Miuiitoliu; in tin' Noitli \Vt's(, 'I'l'iiitoiii's tin- 
 Siiiii't'iiic C'Oiiit of tlic Noitli-Wi'st Triritoiics ; anil in the District of 
 Ki'i'U'Mtin. siicli court *ir magistrate or otiii'r jiiiliciul aiitliority as is 
 i|('si;^natrc|, from tiiiif to time, liy proclamation of tlic ( Josfi'iior in 
 I'lHincil, piililislu'd in the Ctnitnlit ({nzrttr; 
 
 ((.) The expression " Ollicial (Ja/elte " means \]h' ('minilii (Imrth' 
 mill tile (Ju/ette piiiilislieij niiiler tlie autliority of the ( lovernmeiit of 
 the I'lovince, where the ]aoceeiliii;,fs for the wiiiiliii^' up of the liusi- 
 iiiss of the company are earrieil ii;i. or iiseil as the oHicial means of 
 cummiiiiicaiioii lietueeii the Fjenteiiant-Ooveiiioi ami the people, 
 iiml if no such(iazette is puiilisheil, then it means iiiiy newspaper 
 piililisheil in the I'rovince, which is ilesiefnateij liy the court for |)iiii- 
 lisliiiiif the notices reipiireil liy this Act: 
 
 ( /'. ) 'I'he expression "ciaitriliutory " means a person liaMi to con - 
 triiiiite to the a.ssets of u company uniler this Act: it also, in all pro- 
 cceilin^'s for tleterininiii;^' tiie persons who are to lie deemeil 
 iiuitriliiitorieH ami in all procei'ilinos prior to the llnal ilete'rmina- 
 lion of such persons, iiiclinles any person allei,fei| to lie a coii- 
 triliutory ; 
 
 ((/.) 'I'lic expression " winilin;,f-iip onlei" means an oiiler jifranteil 
 liy the court umler this Act to wind up the Iiiismm'ss of the company, 
 and includes any order ifranted liy the court to i 14 within the pro- 
 \ isions of this Act any company in liipiidation m ocess of heing 
 
 wound up. 45 v., c. 2'.i, ss. .'}, 4, 5, 0, N, (iiul 1 jiiirt; — 41) V., 
 c. 25, H. 14. 
 
 101 
 
 'Odicial 
 ' (ia/.iMU'. 
 
 Tontriliii- 
 ' lory." 
 
 ' \Vin(linj;-ii|) 
 'iirdcr. " 
 
 m 
 
 AI'ri,l('.\rioN nl' .\(,T. 
 
 3» This Act applies to incor|torated hanks, .savings hanks, incor- 
 irated insurance coni[ianies, loan c'()iii|)anie.s luiviiij,' liorrowin^^ 
 iiiwei's, liuildiny societies hasiii^ a ca])ital stock, and incorporated 
 
 Application 
 .if .Alt. 
 
 I --. I-^ --^ ,^.1 '. 
 
 trading,' com[)anies, doiiiji; Imsine.ss in (anadii, wheresoever iiicor- 
 |i(iratcd : and — 
 
 {(I.) Which are in.solveiit : or — 
 
 (I).) Which are in liiiuidatioii or in process of hein^' wound up, and 
 111! petition liy aiiy of their sliiu'cholders or cri'ditors, assignees or 
 lii|uidatorH, ask to lie hrotif^dit undei- the provisions of this Act: 
 
 2. This Act does not upply to railway or tele^naph companies Certain cor- 
 or to iiuildiiiff societies which have not a capitid stock. 47 V., poratinns x 
 c, 8!), s. 1. ^'-"l"'-'''- 
 
 4. The jirovisioiis of sections eio-ht to niiiety-six, lioth inclusive, are, Application 
 ill the case of a liank other than a saving's hank, suliject to the jiro- of certain 
 \ isions contained in sections niiiety-sovcn to one hundred and four, ^^''^"""''• 
 li'ith inclusive: and, in the case of an insiu'ance company, tlu- provi- 
 sions of sections ei^ht to ninety-six, lioth inclusive, are suliject to the 
 provisions contained in sections one Innidred and five to one hundred 
 and twenty-three, lioth inclusive. 45 V., c. '2'i, s. 2. 
 
102 
 
 The Windino-Ui" Act. 
 
 WHEN COMPANY DEEMED INSOLVENT. 
 
 When a roin- 
 pany shall be 
 ilci'iiu'd iii- 
 i.olveiit. 
 
 When a coni- 
 jiany shall lie 
 deemed un- 
 able to pay its 
 debts. 
 
 6* A c<)in]miiy is (Icciiicd insolvent — 
 
 ((I.) If it is luitilild tu piiy its dclits as tiioy Im'coiiic <lm' ; 
 
 (!>■) It' it calls a meeting' oF its creditors for tlie purpose of coiii- 
 ponnditi^ with tlieiii ; 
 
 (c.) If it exliihits ii statement showing its inaltility to meet its 
 liahilities : 
 
 ((/.) If it has othi'rwise acknowledgvd its insolvency ; 
 
 (('.) If it assi<;ns, removes or disposes of, or attempts or is al)ont to 
 assi<fn, remove or dispose of, any of its property, with intent to 
 defraud, defeat or delay its creditors, or any of them ; 
 
 (/'.) If, with such i- ent, it has procured its numey, goods, chattels, 
 lands or pro] )erty ' I \' seized, levied on or taken, under or by any 
 process or ixecutioii ; 
 
 (//.) If it has made any general conveyance or assignment of its 
 pro])erty foi' the lienefit of its creditors, or if, being unabh; to meet 
 its liabilities in full, it makes any sah^ or conveyance of the whole 
 or the main {)art of its stock in trade or assets, without the consent 
 of its creditors, or without satisfying their claims: 
 
 (A.) If it permits any execution issued against it, under which 
 any of its goods, chattels, laixl or property are seized, levied u])on or 
 t«iken in execution, to remain unsatisfied till within toiu- days of the 
 time fixed liy the sheriff' or pro{)er ofKcer for the sale thereof, or for 
 fifteen days after such seizure. 45 V., c. 28, s. 9. 
 
 6a A company is ileemed to be unable to pay its debts tis they 
 bev-'ome due, whenever a ereilitor, to whom the company is indebted 
 in a sum exceeding two hundred dollars then due, has served on the 
 company, in tlie manner in which process may legally be served on 
 it in the place where servici' is made, ti demand in writing, re- 
 (juiring the company to pay the sum so due, ami the company has, 
 for ninety days, in the case of a bank, tmd for sixty days in all 
 other cases, next succeeding the service of the demand, neglected to 
 pay such sum, or to seciu'e or compound for the same to tl j satisfac- 
 tion of tlu! creditor. 45 V., c. '2;i, ss. 10 and 11. 
 
 When wind- 
 ing-up com- 
 mences. 
 
 Application 
 to court fur 
 winding-up 
 order. 
 
 PROCEEDINGS FOR WINDING-UP ORDER. 
 
 7. The winding up of the l)U.siness of ti company shall be deemed 
 to commence at the time of the service of the notice of presentation 
 of the petition for winding up. 45 V., c. 23, .s. 12. 
 
 8. When a company becomes insolvent, a creditor foi the sum of 
 at least two htnidred dollars may, after four days' notice of the 
 application to the company, iijiply by petition to the court in the 
 Province where the head office of the company is situated, or if 
 there is no heiid office in Canada, then in the Province where its chief 
 place or one of its chief [)laees of business is situated, for a winding-up 
 order. 45 V., c. 23, s. lli,p((rt. 
 
 Power of 
 court on the 
 application. 
 
 9. The court may make tliti order applied for, may dismiss the 
 petition with or without costs, may adjourn the hearing conditionally 
 or unconditiomdly, t)r may make any interim or other onler that it 
 deems just. 45 V., c. 23, s. 14. 
 
w f 
 
 The Windino-Up Act. 
 
 103 
 
 10. If the company opposes the application, on the frroiinil that "" company 
 
 it has not l.econie inso'lvent witliin the nicanin<r of this Act, or tliat "l'l.'""=' "''•'''■ 
 
 , ., , , " , cation, 
 
 its suspension or detanlt was only u'in])orary, and was not caused liy 
 
 any deticieiicy in its assists, and shows rcasonahle cause for h('lie\injf 
 
 tliat sucli opposition is well founded, the court, in its discretion, may. Court may 
 
 tVom time to time, adjourn the [)roceedin^'s u))oii sucli ajiplication for adjourn the 
 
 a time not exceediiifj six months from tlie date of the api)lication, — pr<icet<hng.s 
 
 nil c! order 
 and may order an accountant, or other person, to eiKjuire into tht' inquiry 
 
 art'airs of tht^ company, and to report thcreoi, within a period not 
 
 exceeding thirty (hiys from the <late of sucli order. 45 V., c. 23, 
 
 s 15. 
 
 II. Upon the service on tlu company of an order made under the Duty of com- 
 next preceding section, for an iiKiiiiry into the affairs of the C(.)n- P^ny ^"d its 
 
 11 • 1 J. !• i. xc 1 1 r i.1 oKicLT.s if in- 
 
 |)any, tlie president, directors, otncers and emjiloyees oi the company (,i,iry is 
 
 and every other person shaH respectively exhihit to the acc(anitaiit ordered, 
 or other person named for the purpose of making such iiKjuiry, the 
 hooks of ticcount of the compiiny and all inventories, papers and 
 vouchers referring to the husiiiess of the company or of aii\' pei'son 
 therewith, which are in his or their possession, custody or control, 
 resp(>ctively ; and they shall also respectively give all such informa- 
 tion as is re([nired liy such accountant or other ])ersoii as aforesaid, 
 in order to form a Just estimate of the ;:1f'airs of the company: and 
 any refu.sal on the part of the presiiUmt, directors, oHicers or em- 
 ]iloyees of the com]iany to give such information, shall he a con- 
 tempt of the court, and shall he jmnishalile hy fine or imprisonment, 
 or hy hoth, in the discretion of the court. 45 V., c. 23, s. Hi. 
 
 PunishiiK'nt 
 for refusal to 
 give informa- 
 tion. 
 
 12. Upon receiving theroportof the accountant or person order<Hl Power of the 
 to in(|uire into the affairs of the company, and after hearing such court after 
 shareholders or cr. diti>rs of the compau}- as desire to he heard [nJlTry" 
 thereon, the c<mrt may either refuse the applicati<m or make the 
 winding-up order. 45 V., c. 23, s. 17. 
 
 13. 'I'he court may, upon the ap])licatioii of the company, or of Action.s 
 any creditor or contrihntiay, at any time after the ])reseiitatioii of a •'»k''i'"'^' com- 
 iH'tition \'ur a windinif-uii onler and hefore makiii"' the onh-r. restrain '""^ ""^i ''^' 
 further proceedings in any action, suit or ]>roceeiling against the 
 company, upon such terms as the court tliinks lit. 45 V'..c. 23, s. IN. 
 
 14. Any shareholder, creditor, assignee, receiver or liciuidatoi 
 any company which was in li(|ui(latioii or in process of heiiig W(anid-U]) 
 on the seventeenth day of May, one thousand eight hundred and eighty- 
 two, may apjily, hy jH'tition, to the ccairt, asking that the company 
 iiiiiy he hrtaight within and umler the provisions of this Act, and the 
 court may make such order: and the winding-up of such companv 
 shall thereafter he carri(>(l on under this Act: 
 
 2. The court, in making such order, may direct that the assignee, 
 receiver or licpiidator of such company, if one has Iwen appoiiiteil, 
 shall hecoiiie the lii|uidator of the company under this Act, or may 
 ap[(oint some other person to he litjuidtitor of the coinjiany. 47 V., 
 c. 39, ss. 2 (I lid 3. 
 
 of A.s to com- 
 panies in 
 lic|uidalion on 
 I7lh May, 
 1S82. 
 
 Liijuidator 
 in .such case. 
 
104 
 
 TiiK WiNDiNri-lTp Act. 
 
 PHOOEEDINOS AITKK WINniNf!-Ul' OHHKK IS MADE. 
 
 Company to 
 ccnsL' Imsi- 
 ness. 
 
 Tr.insfor of 
 shares void. 
 
 Corporate 
 state con- 
 tinued. 
 
 I5> 'Pile cniiipiuiy, fVoiii tlic t.inic of tlic ni.-tkiiio' of tlic \viinlii)tr-ii|i 
 oi'drr, sIimII cciisc to ciii'i'v mi its hiisiiicss, ('\c('|it in so far iis is, in 
 the opinion of tlic li(Hii(liitor, rc(|iiifi'(| for tlic licncficifil \vin(liiio-ti]i 
 thereof : 
 
 2. All transfers of simres. exeept transfers iiiinle to or with tlir 
 sfinction of the liijuidfitors, tinder the fUithority of the court, find 
 every jvltenition in the status of the iiieiiiliers of the company, after 
 tlio coniinenceiiient of such wimlino-np, shall lie void : hut tiie cor- 
 porate state and all the coi'porate powei's of tlie conipaiiy, notwitli- 
 standing' it is otherwise jii'ovided hy the Act, chiirter or insti'tniieiit 
 of incoi'jioration, shall continue xjntil the affairs of the company are 
 wound-up, 45 v., c. 2;^, s. 10. 
 
 After wind- 16. When the wiiulin<f-up order is made, no suit, action or other 
 
 ing-up order, proceedini,^ shall lie proceeded with or coniiiieiiced jiifainst the c<iin- 
 
 a*'ainst com- I^'^''.^'- <'xce])t with tlu' leave of th(> c(an-t and suhject to such terms 
 
 pany stayed. ivw the Court iiiijioses. 45 V., c. 2!i, s. 20. 
 
 Executions, |7. l<]verv attacliiiient, s(>(|uestration, distress or execution put in 
 
 c'om'i)anv''v-x)i(l ^""i"f'"' !V,U'"iiiist till' estati' <ir effects of the Company after the making;- 
 
 of the wiiidiny'-up order shall lie void. 45 V., c. 28, s. 21. 
 
 Court may '8" '''"' court may, ujion the ap]ilicatioii of any creditor <ir con- 
 
 stay windini;- trihutory, at any time aftei' the windin^f-up order is made, and U]ioii 
 up proceed- pj>onf, to tlio satisfaction of tht' court, that all procc«Mlinf;fs in relation 
 to the windin<,f-up ouo-lit to lie stayeil, make an order stayiiit; (he 
 same, eitliei- altogether or for a limited, time, on such terms and suh- 
 ject to such conditions as it deems fit. 45 \'., c. 2'}, s. 22. 
 
 Wislies of 
 creditors, &c., 
 iiow a.scct- 
 tained. 
 
 As to aim Hint 
 of claim and 
 number of 
 votes on 
 shares. 
 
 Court may 
 recpiire proof. 
 
 19. The court may. as to it seems just, as to all matters relatiiio' 
 to the windino--u]), have regard to the wishes of the creditors, contri- 
 liutories, shareholders oi' nieiiiliers, as proved to it liy any sufficient 
 evidence, and may, if it thinks it expeiiient, direct meeting;':-! of the 
 cre(litors, coiitrilnitories, shai'eholders or niemhers to he summoned, 
 held and condiieteil in such manner as the court directs, for the pur- 
 ])ose of ascertainino' their wishes, and may appoint a person to act as 
 chairman' of any ^;uch meetiiio', ami to rejiort the result of such mei-t- 
 ino- to the coui't. 
 
 2. In the case of creditors, reo-ard shall lie had to the amount of 
 the deht due to each creditor, and in the case of shareholders <ir 
 memliei's, to the ntimlier of \otes coiifernMl on each shareh<ilder m' 
 member hy law oi' liy the regulations of the company: and the cmiit 
 may ]irescrilie the mode of jireliminary proof of ereilitors' (daims for 
 the purpose of the iiieetiiio'. 45 \'., c. '2']. s. 2.S. 
 
 i,i(,>ini)A'n)iis. 
 
 I.i<|uidator lo 20. The Court, in niakino' the winditio-iip order, may a]ip..iiit a 
 be appointed. li(|uidator or more than one li(|uidator of the esttite and etlects of the 
 comiiaiiy : hut no such li(iuidator shall he appointed unless a pre- 
 vious notice is o-ixcn to the creditors, contrihutories, shartdiohlers or 
 niemhers, in the maniiei' tiud form pre.scrilie(l hy the ctau't. 45 V. e. 
 23, s. 24 ;— 47 \^, c. 39, s. 4 
 
 31. 
 
 ->.L,.. 
 
The WixniNo-lTp Aot. 
 
 105 
 
 21. An incorpoi'.-itcd conip.'uiy iiiuy lie appoiiitcil liiiuiilntor to tlic 
 ii'dixls and ctt'cots of a oomjmiiy niidcr this Act; and if an incorpo- 
 r.iti'd cunipaiiy is so appoint('(|, it may act tln'oiiKh one or more of its 
 ininc'Dal oHiccrs dcsio-natcd 1>\' the coni't. 45 \'., c, 2.S, s. 25. 
 
 An iiirorpiir- 
 aloil roiiiiiany 
 limy lit' np- 
 
 pnilltl'd. 
 
 22. Tlic ciaii't may, if it tln'nks tit, after tlic appointment of one .vidiiional 
 III' more li(|uidators, appoint additional lii|uidntors. 4-5V.,c. 2:}, s, 2(1. liM"i<l:it(>rs. 
 
 23. If more than one tiipiidator is apjiointed, tiii' court may de- <,)ii(iriim. 
 rlare wliether any act to lie done liy a iiijuiiiator is to he done liy all 
 
 III- any one or more ol' the liipiidators. 45 V., c. 2."{, s. 27. 
 
 24. Tlie court may also d 'tenuijie what security shall hi' eivcii hy .Security. 
 :\ li(|nidatoi' on his appointment. 45 V.. c. 2^^. s. 2H. 
 
 25. If at any time thei'c is no li-iiuitlator, all the property of tin 
 (•ompan\' shall he deemed to he in the cnstod\' of the court. 45 \.. c. 
 •I'l s. 2!t. 
 
 If Mil Ii(|iii- 
 ilaliu. 
 
 26. 'I'he court may, at any time after the ]iresentation of the jieti- 
 tiim and hefoi'e the tirst ap])ointment of a liipiidatoi-, appoint pro\i- 
 sionally a li(|uidatoi' of the estate and etfects of the ctmipaiiv. 45 V., 
 c. 28, .s. .SO. 
 
 I'ldvisional 
 li(|ui(lalor. 
 
 27. A liijuidator may resijrii oi- may h(> removed liy the court on 
 due cause shown, and evei'y \acanc\' in the oiiice of lii|uidatoi' shall 
 he filled by the court. 45 V., c. 2:{. s. 'M. 
 
 28. 'I'he li(|iiidator shall he paid such salary or remuneration, hy 
 way of ])ercentae-e or otherwise, as the court directs, upon such no- 
 tice to the creditors, contrihutories, shareholdiM's or nieiiihers, as the 
 coiii't oi'ders: anil if there is moi'e than one li(|uida.tor, the remunera- 
 tion shall he distrilnited auionj^st them in >.nch proportions as the 
 court directs. 45 V., c. 28. .s. ;?2. 
 
 Kosijjiiatiim 
 or reiiiiival. 
 
 KLiiuincra- 
 tiiiii. 
 
 29. In all proceedine;s coiniected with the comiiany a lii|uidatiii' 
 shall III' descrilied as the " lii|uidator of the ( //lO//'' of I'lmiim ii ;/)." and 
 not liv his individual name milv. 45 V,, c. 2:-$. s. 'A'A. 
 
 Dfsciiiiliiin. 
 
 30. 'I'he liipiidalor. upon his appointment, shall take into his 
 custody or undei- his control, all the property, ettects and choses in 
 action to which the company is or ajipeai's to he entitled: and he 
 shall perform such duties in reference to winilino-u|) the Imsiness of 
 the compan\' as are imposed li\- the court or h\- this Act. 45 \'., 
 V. 2:5, s. .'U. 
 
 Duties after 
 appointment. 
 
 31. The lii|uidator may, with tlii> approval of the court, and upon I'ower.s, 
 such previous notice to the creditors, contrihutories, shiireholders or 
 iiieiiihers, as the court oi'ders — 
 
 (ti.) Hrino- or defend any action, suit or ])ro.secution or other leoal 
 |iioceedi!io-, civil or criminal, in his own iiiime as licpiidator or in the 
 name or on hehalf of the company, tis the case may lie: 
 
 (li.) Cari'y on the husiness of the company as far as is neci-'s.sary 
 to the lienelicial windin^'-up of the same: 
 
 .Suits 
 
 Husiness of 
 coni|)aiiy. 
 
 i 
 
 13 
 
lOG 
 
 The WiNDtxo-Ui' Act. 
 
 Sale of pro- 
 perty 
 
 General iicls. 
 
 Proving in 
 binkruptcy, 
 
 Drawing or 
 
 indorsing 
 bills, kc, 
 and raising 
 funds. 
 
 General 
 powers. 
 
 (<:) Sell tlu' roiil and personal and licritalilo an<l niovalilc pro- 
 pi'i'ty, I'tlbcts and clioscs in action of tiic company, liy pnlilic auction 
 or private contract, and transfV-r tlic wliolc tlicrcot' to any person oi' 
 conipiiny, or sell the same in jiai'ct^ls : 
 
 (<i.) l)o all nets, and execute, in the name and on lieliall" of the 
 company, all deeds, i-ecei]its ami other documents, and for that ])in'- 
 pose use, when necessary, the .seal of the company ; 
 
 (('.) Prove, rank, claim and draw dividends in the matter of the 
 bankruptcy, insolvency oi' se(|uestrati()n of any contriliutory, foi' any 
 balance ajjainst tiie estate of such contriliutory, and taUt' and receive 
 dividends in respect of such balance in the matter of the bankruptcy, 
 insolvency or sequestration as a sep.-irate debt (hie from such bank- 
 rupt or insolvent and ratably with tin' other separate creditors: 
 
 (f.) ])raw, accept, make and indors(> any bill of exchaiiife or pro- 
 missory note in the name and on beh;df of the company : raise upon the 
 security of the assets of the coniiiany. from time to time, any i'e(piisiti' 
 sum or sums of money : and the di'awiuff, acceptiuij, makin,<,'or indoi'sino- 
 of every such bill of exehanii'e or ])romissory note, as af<a'esaid, on be- 
 half of the company, shall have the same eti'ect, with i-esj)ect to the 
 liability of such company, as if such bill or note had been drawn, 
 accept(;d, made oi- indor.sed by or on behalf of such company in the 
 cour.se of the carryin<,' on of its business: 
 
 (;/.) ])o and execute all such otlier thincfs as are necessary ba- 
 windin<f up the attairs of the conii)anv and distributin<f its assets. 
 45 v., c. 28, s. 35. 
 
 When solici- 
 tor may be 
 appointed. 
 
 32. The li(|uidatf)r may, with the aiii)roval of the court, appoint a 
 solicitor or law agent to assist him in the ]ierforniance of his duties. 
 45 V.,c. 23, s. 8(). 
 
 Debts, &c., 
 due to the 
 company 
 may be com- 
 promised. 
 
 Powers of 
 
 directors to 
 cease. 
 
 Moneys to be 
 deposited in 
 bank. 
 
 A separate 
 dcjjosit 
 
 33. T1h> liiiuidator may, with the approval of the court, coni])ro- 
 mise all calls and liabilities to calls, debts and liabilities capal)le of 
 residting in debts, and all claims, whether ])resent or future, certain 
 or contint^ent, ascertained or souiidinif onl\' in ilamao-es, subsistintr or 
 .supposed to subsist lietween the company and any conti'ibutory oi- 
 other debtor (a* per.son apprehendin<f liability to the company, and 
 all (|Uestions in any way relatino- to or aH'ectiiio- the assets of the 
 company or the windiiio- np of the company il[)()n the i'ecei]it of sucli 
 sums, payable at such times, and generally up(ai such terms, as ai'e 
 agreed u])on : and may take any seciu'ity for the discharge of such 
 debts or liabilities, and gi\ e a complete dischaig'e in respect of all or 
 iiny .such calls, debts or liabilities. 45 V., c. 28, s. 87. 
 
 34i Upon the ai)pointment of the licjuidator, all the powers of the 
 directors shall cea.se, except in so far as the ccnu't or the liquidatoi' 
 sanctions the continuance of such powers. 45 V., c. 28, s. 8iS. 
 
 35i The li(|uidatoi' shall <leposit at interest in some chartered 
 bank or ])ost otHce saxings bank oi' other (lo\'ernment sa\ings bjuik 
 designated by the court, all stuns of money which he has in lii-^ 
 hands belonging to the conqiany, whenexcr and so often as such 
 sums aiu(anit to one hundreil dollais. 45 V., c. 28, s. 8!). 
 
 36> Such deposits shall not hi' made in the name of the li(pliilatni' 
 individually, on pain of dismissal; but a se|iarate account shall In. 
 
 .ippon 
 
 hi'lnui. 
 
 purpo 
 
 nf Mie 
 
 and hi 
 than 
 every 
 shal 
 iiia\- li 
 
 4.-) v., 
 
 41. 
 
 hank, 
 
 ' ienel'ii 
 
 ciitith 
 
 42. 
 
 lip of a 
 C. 23, s. 
 
The Winoino-Up Act. 
 
 107 
 
 kept fi)i' the coiiipiiMy of tlir iiionrys l>cl()n(fiii<,' ti) tlii^ company in account to lie 
 tlic iiaiiu' of tln' li(|iii(lat()r as sucli liiniidator. 45 V., c. 23, s. 40. 
 
 kept. 
 
 37. At ovciy iiii'i'tiiio' of the conti-ilmtorifs, cfoditors, sliaroholiltTs Rank book to 
 Of memlifrs, the litiuidator shall proiluco a bank pass book, showing' l)c produced 
 till' aiiiotiiit of the deposits made for the coinpany, the dates at which '^ ""^^ '"^'' 
 siieh deposits weie made, the jimotiiit withdiawii and dates of such 
 withdrawal, — of which production mentiiai shall he made in the 
 
 iiiiimtes of such meetiiio-; and the alisence of such miMition shall he 
 jiri 111(1 fiU'ii' vvhh'wvv that such pass hook was not producol at the 
 iiieoting. 45 V., c. 23, s. 41. 
 
 38. The li(|nidator shall also produce sucli pass hook whenever 
 nrdere(l so to do hy the court, and on his refusal .so to do, he may be 
 ti'eated as beino; in contempt of court. 45 V., c. 23, .s. 42. 
 
 And on order 
 of court. 
 
 Liquidator 
 suljjcct to 
 summary 
 jurisdiction 
 of court. 
 
 Remedies 
 a(;ainsl estate 
 ol)tained by 
 summary 
 order and not 
 by suit, Ac. 
 
 • ..... 
 
 39. The li(|nidator shall be subject to the stniimary jurisdiction ot 
 
 the ciairt in the sami' manner and to the same extent as the ordinary 
 iitHcers of the com't are suljject to its juri.sdiction ; and the perform- 
 ance of his <liities may be compeIle<l, and all remedies .sought or 
 demanded for enforcinj^' any claim lor a debt, pri\ ih.>o-f, morto'afj^e, 
 lien or right of property U])on, in or to any effects or property in the 
 hands, possession or custody of a li(piidator, may 1)e obtained l)y an 
 Older of the court on summary petition, and not by any action .suit, 
 attachment, .seizure or other jirociieding of any kind whatsoever; anil 
 obt'diunce by the li(|uidat(a' to sut-h order may be enforced by the 
 court under the j)eiialty of im])risoiiment, as for contempt of court or 
 disobedience thereto : and he may be removed, in the discretion of 
 the court. 45 V., c. 23, s. 43. 
 
 40. The ]i(|uidator shall, within tliree days after the date of tlie 
 tinal windino- up of the business of the company, deposit in the bank 
 ajipointed or desio-iiated us hereinbefore provided, any other money 
 helonging to the estate then in his hands not required for any fttlier 
 purpose authoi'ized by this Act, with a sworn statement and acciauit 
 of .itich money, and that the same is all that he has in liis hands : 
 and he shall incur a penalty not exceeding ten dollars, and not less 
 tlian ten per cent, per annum interest upon the sums in his hands for 
 every day on which he neglects or delays such payment: and he 
 shall be deemed to be a debtor to Her Majesty for such money, and 
 maybe comi)elled as such to account for and pay over the .same. 
 4.-) v., c. 23, s. 44. 
 
 4-1. Tln' money so depo.sited sli.dl be left for three years in the IfnotcUimed 
 liank, .subject tn\>v claimed by those entitled thert>to, and shall l>e then '* '"^. l^^^"' ^" 
 paid over, with the interest, to tin- Minister of Finance and Receiver- (j^n'j^.'f;" 
 'leneral, and if afterwards claimed, shall be paid to the person 
 entitled thereto. 45 V., c. 23, s. 45. 
 
 Balance on 
 hand by li(iui- 
 dator after 
 fmal winding 
 up to l)e de- 
 posited. 
 
 Penalty for 
 neglect. 
 
 
 CONTKllU:Tt)lUE.S. 
 
 4-2. As soon as may b(> after the connnencement of the winding List of con- 
 up of a company the court shall settle a list of contributories, 45 V., trilmtories. 
 
 c. 23, s. 40. 
 
 I 
 
 \ ♦*!'■ 
 
lO.S 
 
 The WiNi)iN(i-lTi' Act. 
 
 List ol Clin- 4,3, 111 till- list nl' coiitril piitoi'ics, |)crs()iis wlio iU'c c'oiitril)Ut()i'if.s ill 
 
 in uuduc^ tln'ir own riirlit sliall Im- (listiii<ruislu'(l fioiii ih'I'hoiis who hit contrilni- 
 
 IllllSt (llStin- , 1^ . !• !• 1 1 1- 111 !• I 
 
 yuisli bfiwii'ii tones iis n'))r»'st'iitiiti\('s ol or liiinic tor till' (Icots ot otiiri's; iukI it 
 
 those ill iluMi sliitll not lie iicccssui'v, where the |)ei-soiial I'ejU'eseiitative of )in\- 
 
 own linl.i an.l ,l^,^.^.,l,^^,,l (.oiitril.utorv is phiceii uii the list, to mhl the heirs ui 
 
 roprcsoniaiivo ilt'xisees ol' such coiitrilnitory, htit swell heirs or (|e\isees may he 
 
 ni|i;uity. iuldeil as and when the court tiiinks tit. 4') V., e. 'I'.i, s. 47. 
 
 l,ial)ilily of 
 sliari'lioldcrs 
 or IJK'ir rc- 
 prcsentativfs. 
 
 K\eiT sliiireholder or nieiiiher of the eonipany or his represen- 
 tative, shall lie lialile to eontrilmte the aiiionnt nii|iai(l on liis shares 
 ot" tiie capital, or on his liahility to the company, or to its mi'iiihersor 
 creditors, as the case may he. nmler the Act, charter or instrument ol' 
 incorporation of the cttmpaiiy. or otherwise; and the amount which 
 lu^ is liahle to eontrilmte shall he deemed an asset of thi' company, and 
 a deht line to the compunv, payahle as directed oi" a])pointed inul' 1 
 this Act. 45 v.. c. 2:]. ,s. 4>S. 
 
 Liability after 
 transfer of 
 shares, &c. 
 
 4-5. if a shareiiolder has transferred his siiares under circtnii- 
 stances which do not, hy law. free him from liahility in respect 
 thereof, or if he is liy law liahle to the company or its memhei's or 
 creditoi's, as the case may he, to an .•inioiint lieyond the amotint uii 
 |)aid on his shari's. he shall lie deemed a, iiieiidier of the company for 
 the ptu'posi's of this Act. and shall lie lialile to eontrilmte, as afore- 
 said, to tilt! extent of his liahilities to tlu' company oi- its mendiersor 
 creditors, independently of this Act: and the amount wliicli he is so 
 liahle to conti'ilmte shall bo deemed an asset and a deht as afoj'e.s.iid. 
 45 v., c. 2,-J, s. 4J). 
 
 Nature of 
 liabihty of a 
 contrilnitory. 
 
 Trustee, iKc , 
 of conipany 
 may lie or- 
 ilereil to pay 
 over lialance 
 and deliver 
 books, ite. 
 
 Court may 
 order debtors 
 of company 
 to pay. 
 
 46. 'i'he liaiiility of any per.son to eontrilmte to the assets of a 
 company under this Act, in the event of tlie husiness of the same 
 lieino' wound u]i, shall create a deht accriiino- due from such person 
 at the time wlu'ii his liahility commenced, Imt p.iyahle at the time or 
 respective times when calls are made, as hereinaftei' mentioned, for 
 enforcing' such liahility : and in the case of the hankruptcy or insolv- 
 ency of any contrilmtory, the estimated value of his liahility to 
 ftituiv calls, as well as calls tdready made, may lie proved a^^ainst his 
 estate. 45 V., c. 28, s. 50, /«0'/. 
 
 4'7. The court may, at any time after mahiiiijf a wiiidino-tip order, 
 reijuire any contrihutory for the time heino' settled on tlie list of cmi- 
 trihutories as trustee, receivi'r, hanker, tioent or oHicei' of the 
 company, to ptiy, delixcr. eoiney, surrender or transfer forthwith, oi' 
 within such time as the court directs, to oi- into tin' hands of the 
 Iii|uiilator, any sum or halance, lio<)k.s, papers, instate or effects which 
 are in his luinds for the time hein^', and to which the com]iany i-^ 
 jirinm Jucic entitled. 45 \ ., c. '2'-i, s. 51. 
 
 4-8. 'I'he court may. at any time after makin^y a wiiiiliiio-up order, 
 make an order on any contrilmtory for the time heino' settled on tlu' 
 list of contrilmtories. directing [laymeiit to he made, in manner in 
 the said t)rder mentioned, of any moneys due from him or from the 
 estate (jf the pei'.son whom he represents, to the company, exclusi\e 
 of iiny moneys which he or the estate of the per.son whom he repie 
 sents is lialile to eontrilmte iiy virtue of any call mtide in pursuanci' 
 of this Act. 45 v., c. 2ii, s. 52. 
 
■Iif^ = 
 
 l()!l 
 
 made 
 
 HI- 
 
 The WiNDiNo-Ui- Act. 
 
 4-9. Tlir cniirt may, fit any time ai'tfi' malvii\<;' a wiiiiliii;,^ up order, Wlifn calls 
 and eitlier lict'ore or at'tei' it lias iisci'i'tained tlie sutlieieiii'v of tlic '"''^' '*; '.' 
 iissets (IT the company, make palls on and order jiaynient tliereot \>y lorics. 
 all or any of tiu' contrilmtories foi' the time lu'in^' se(tli'd on the list 
 of fontrilaitories, to tlie extent oF tiieir liability, i'oi' jiayment of all 
 or any sums it deems nect'ssary to satisfy the delits and liahilities of 
 the company, and the costs, cliarjiitcs, and expenses of windin<^ up, 
 and for the adjustment of the rights of the contriliutiaies anion;4;st 
 llii'mselves : ami the court may, in making' a call, take into considi-r- 
 ation the proliahility that some of the contrihut<n'ics upon wluan the 
 same is niaile may partly or wholly fail to pay their respective por- 
 tions of the same : Provided, houcxcr, that no call shall com]iel 
 payna-nt of a dcht hefore the maturity thereof, and that the extent 
 of the lialiility of any contrihutory shall not he increased hy any- 
 tliine- in this section contained, 40 \'., c. '2'i, s. 50, y«o7, (iiul s. ')'.]. 
 
 50. 'i'he c()urt may ordei' any contrilaitory, purchasei- or other Mimoys may 
 person fi'om whom money is dui' to the company, to ])ay the same 1'^' orileicd to 
 into s(ane chartered liank or i)ost oliice savinus liank (a' other ( Jov- ''^' !«"' '"'<> 
 (iinnent saxin^s hank, ti> the accianit of the court, instead of to the 
 li(|uidator: and such order may lie t-nforcetl in the same manner as 
 if it ha<l directed payment to the litpiidator. 45 \'., c. 2;{, s. 54. 
 
 I'rnviso. 
 
 i|r|^j|mmji|i| 
 
 5I> 'i'hi' court shall adjust the rights of the contrihutories amou"' Di.sirilmiion 
 tliemsi'hes, and distriliute, aniony the per.sons entitled thei'eto, any nl smphrs. 
 surplus that remains. 45 V., c. 2.'J, s. 'I'h 
 
 52. The ciairt may, at any time liefoiv or after it has made a Coiurilnuory 
 
 windino-ui) order, uixm la'oof heiim- yiven that theiv is ri'asouahle "!' "•'"'"'' , 
 
 f 1 r ■ i-i ; C M 1 i. i. i^''"iit to ab- 
 
 cause tor helievme' that any contrilaitory or any ])ast or pi'esent ^ci>m\ itc. 
 
 director, maiiiiyer, oiiicer or em[)loyee of the c(aiipaiiy is about to may be 
 
 i|uit Cauiida or otherwise ahscond, or to remo\-e or concciil Jiny of "ff^^^'^i^'''- 
 
 liis i;' Is or chattels, tor tli(( purpose of exadini;' payment of calls, 
 
 or for a\()i(lin<4' e.\aminati(ai in respect of the all'airs of the company. 
 
 ctiuse such person to he arrested, iuid his liooks, pa|)ers, moneys, ,\„ii |,is 
 
 eoods and chattels to Ik- seizeil, and him and ]iaiHr,s, itc, 
 
 time as the c«au't onh-rs. 45 V., '"ay be .sci/.d. 
 
 securities ha- money 
 
 lliem to lie safely kejit until such 
 
 c. -i:]. s. 5(). 
 
 , |i^,|. HodU.s, iS:c., of 
 
 a coiiipaiix' is lieinij' wound iiii undi'r 
 
 ,. ,1 '|. . I , in ciimiiany to be 
 
 t the h(|Uidators shall, as . • f ■ 
 
 53* If till' liusiness o 
 
 this Act, all hooks of the company, alio oi me iKpniiiitoi^ mwui, um prima fadf 
 
 lietweeii tlii' contrihutories of the com|iaiiy, lie /iri mii /'uric evideuci' evidence as 
 
 of the truth of all matters imrportiny to be therein recorded. 45 •'S'^''-"™ '^'" 
 
 1- .,., -p, » I o Inbutorics. 
 
 \ .. c. 2.5. s. 57. 
 
 54-. .\fter a windiiio-iip (ader has been made, the court may make C<mn may al- 
 
 sueh (nder for the iiispecti(.n, by the creditors, shareholders, nlenilu.rs '"w inspmion 
 
 •I i • !• ii ■ !• 'i I I 1 1 by ori'ditois, 
 
 oi' contriiiutories or the company, or its hooks ami papers, as the gi^^. of com- 
 
 c(»urt thinks just; and any liooks and papers in the possession of pany's books, 
 tlie comp.iny may lie ins]ieeted in conformity with the order of tlu' 
 court, but not further or otherwise. 45 \',, c. '2'-i, s. 5iS. 
 
 &c. 
 
 55. No contributory, creditor, shareholder or member .shall vote Pt-rson en- 
 at any meetinj^' unless [a'cseiit jiersoiially or represented by some litKii lo voii; 
 person actino' under a wiitteii authority, tiled with the chairuian or '" ^'" ^" ^^^' 
 
 
 - '-< \ 
 
 ...mA^ 
 
 
110 
 
 The WiNDixo-Ui- Act. 
 
 sonally or !)>• linuidutoi', to uct as sucli I'cpi'csciitiitivc at the luct'tiii^', nr ^fcMcrally. 
 written proxy, ^r, y ^. 2;^, s. 50. 
 
 I'UliHITOlt.s ('I.AIM.S. 
 
 What (lel)ts 
 may be jirdVLM 
 against tiio 
 company. 
 
 Privilc'j^c of 
 claims of 
 clcrl<s and 
 employees 
 allowed to a 
 certain 
 extent. 
 
 56. Wlii'ii till' liiisincss of a oniiipaiiy is lK'iii<,' wouinl u]) iiiidcf 
 this Act, all dclits payaldc 011 a citiitiiijirt'iK'y, ami all ciaiins aoainst 
 tilt' naiipaiiy, ])ifsciit or futiiiv, {'crtiiin or (!oiitiii<f('iifc, aHccrtaini'd or 
 soiindiiio- only in dainaoi's, .shall lie adiiii.ssildc to proof ao'aiii.st the 
 ooiii|)aiiy, a just cstimati' liciiio' iiifidc, as far as is po.ssihlc, of the 
 value of all such dcl)ts or olaiins as arc snlijcct to any contin^'cncy 
 or .sound only in dauiao;cs, or which, for sonic othin- reason, do not 
 hear a certain value : 
 
 2. Clerks and other pcr.soiis in or havino' heeii in the eniploynieiit 
 of the conipjiiiy in or alioiit its laisiiicss oi' trade, shall lie collocated 
 in the dividend sheet liy special privilege over otlier creditors, for 
 any arrears of salary or wao'cs due and un]iaid to them at the time 
 of the iiiak'ino' of the \vindiiio'-up order, not exceedin^r the arrears 
 which have accrue(l to them dtirine' tlie thice months ne.xt previous 
 to the date of such ordei-. 4') \'., c. 2;}, .s. (iO, yji //•/,• -4!) V., c. 
 4(i, s. I. 
 
 T,awof set-olT 57. Tile law of .set-oH", as administered liy the courts, whethci' of 
 t'> apply. law or eijuity, shall a|)ply to all claims upon the estate of the com- 
 
 pany, anil to all |iroceeiliii<>s foi' the recovery of d(>l)ts due or 
 accruinif due to tile conn))iny iit the commencement of the windino- 
 up, in the stime niiUiner and to the same extent as if the laisiness of 
 the coni])any was not lieiiio' wmuid up under this Act. 45 V., c. 28, 
 ■s. (j(), jxirt. 
 
 Distribution 58. The jtroperty of the com])any sliall be applied in satisfaction 
 
 of property of ,,f its lialiilities and tile chai'oes iiii-iirred in windino- n[) its atl'airs ; 
 
 company. .^,„| „nii.ss it is otherwise provided \>y law or by the Act, charter or 
 
 instrument of incorporation, any property or a.s.sets reiiiainino- shall 
 
 lie distriliuted amoiiost the iiiemliei's oi' shari'holders, accordinir to 
 
 their i-i^hts and interests in the company. 45 V., c. 28, s. (il. 
 
 When credit- 59. The court may fix a certain day oi- certain days on or within 
 ors must send which creditors of the company and others who have claini.s thereon 
 
 in claims. 
 
 may 
 
 send in their claims. 45 V., c. 28, s. ()2. 
 
 After e.xpira- 60. When the liquidator has o-iveii such notices of the said day as 
 tion of lime are ordered liy the court, the lii[uidator may, at the expiration of tiie 
 for semling in ^^^^^^^, named in the sjiiil uotit"-; or the hist of the said notices, foi- 
 sendino' in such claims, distriliute the assets of the company, or any 
 })!irt tlu'reof, anioii<;st the persons entitled thereto, liavino' reo;ai'd to 
 the claims of which the liquidator then has notice : and the liquidiitor 
 shall not lie liable to any person of whose claim the liquidator had 
 not notice at the time of distribtitiiio; the .said as.sets, or a part thei'e- 
 of, as the case may be, for the tissets or tiny part thereof so tlistri- 
 buted. 45 v., c. 28, .s. 03. 
 
 claims, a.ssets 
 may be dis 
 Iribuled. 
 
 C'reditors may 
 be compro- 
 mised with. 
 
 61. The liquidator may, with the a|iiiroval of tlie court, make .such 
 conipromi.se or other ai-ran^'ement as the liquidator deems expedient 
 with creditors or persons claiming to be crt;ditor8, or person.s havinj^' 
 
w 
 
 The WiNDiNU-lTi' Act. 
 
 II 
 
 (ir allt'^irif^ tlioinsrlvcs to linvc lUiy clniin, prosctit oi' future, ccrtiiin 
 (ir (•oiitiii^cut, nNccrtiiiiicij or sounding only ii> <liiiimi^frs, iifriiinsfc tlio 
 ciiiipiiiiv, or wlitM'cliv till' foihjiJiiiv mnv l>r rciulcrcd litiMc. 45 V'., 
 (■ '2'A, s.'VA. 
 
 62. It" a creditor holds sceiirity upon the estate of the eonipatiy, he Dmyofcmlii- 
 sliaii specify the iiatni'e and amount of such security in his claim, "f' imlilinn 
 ;md shall therein, on his oalli, put a specified value thereon : and the '"'•''^'"■"y 
 li(|Midator, undei' the authority of the court, may either consent to 
 
 tiie retention of the jjiopeity ami I'fl'ects constitutiuii; such .security or 
 
 (lu which it attaches, liy the creditor, at such sjiecilieil value, or he 
 
 may rc(|uire from stich cre(lit(n' an assij^nment and delivery of such 
 
 .'security, i)roperty and edects, at such specitied value, to he paid hy 
 
 liim out of the estate so soon as he has realized such security, to- 
 
 yether with interest on such \alue from the date of tilin<f the claim 
 
 till payment; and in ca.so of .such retention tluMliffenuice lietween 
 
 the value at which the security is i-etained an<l the amount of the 
 
 cl.iim of such creditor shall he the amomit for which he may rank as 
 
 aforesaid; and if a creilitor holds a. claim hased upon ne^otiahle in- .SiTuriiy liy 
 
 struments uiion which the comii.-uu' is onlv indirectly oi' secondarilv I^'^Kf'''^'''^^ 
 1-11 1 1 • I • i. 1 ■ -"i 1 1 "^ 1-1. I II r MislruiiK'nts. 
 
 Iialile, ami wliicii is n<tt maluic or exieili|(>, such creditor sliall lie 
 
 cnnsidei'ed to hold secmity within the meauiiiif of this si-cticai, ami 
 
 sh.dl put a value on the liahility of thi' pei.son primarily lialile tliere- 
 
 uu as lieing his .secm'ity for the ])ayment thereof: hut after the 
 
 maturity of such liahility and its noii-p;iyment, he shall he entitleil 
 
 to ;niiend and I'e-value his (rlaim. 45 \'., c. '2'.], s. (i5. 
 
 63. If the seoui'ity consists of a mort^fas;e njxai ships or shipping, jf ,1,^. semriy 
 <ir upon real propeiiy, oi' of a rei^istered Jud^ineut or an execution is a morigagc 
 hindinof real i)roi)eitv and excepti-d from the operation of section "" '"'^^ 1"""' 
 sixty-six of this Act, the ])i'operty mortijaijed or h(anid shall only he ^]^-' 
 assi(fned and flelivere<l to the creditor, snhject to all pre\ious mort- 
 
 l;mH('s, judiiinents. executions, hypothecs and liens thereon, holding 
 ranis and ))riority hefore his claim, and upcai his assumiuff and hind- 
 ine- himself to pay all such previous morti;ayes. jiidyments, execu- 
 tions, hypothecs and liens, and upon Ids securing the estate of the 
 company to the satisfaction of the liipiidator ajuain.st any claim hy if ,i,ere art- 
 reason of such jtrevious mort^'ajres. jud<;inents. executions, hypothecs .siilisa|ueni 
 
 and liens; and if there aie miirtifa<(es, jndi,niients, executions, "'"' 
 
 Iiypothecs or liens thereon, sulise(|neiit to those of such creditor, he 
 shall only ohtain the pi-operty hy consent of the ,suh.se(|uently 
 secured cirditors. or upon their (ilinir their claims s])ecifyin^f their 
 security thereon as of no value, oi' upon his pa\ini^' them the value 
 hy them jilaceil thei'eon, or upon his .secm'ino- the estate of the com- 
 pany to the satisfaction of the li(|uidatoi- aiiainst any claim hy rea.son 
 of such suhse(pient mia't<ia^es, judgments, executions, hypothecs and 
 lien.s. 45 v., c. 23, s. 6G. 
 
 claim; 
 
 ■-el 
 CI) 
 
 64. [J]Hm a si'cured claim hein^r tiled, with a valuation of the Duty of li(|iii- 
 urity, the li(pndator shall procure tlie authoi'ity of the c<airt to "'ator if a 
 
 iisent to the retentiiai of the secmity hy the creditor, or shall cbinns fit ■(! 
 re(|uire from him an a.s,signment and ileliverv thereof. 45 V., 
 c. 23, s. 07. 
 
 65. In the preparation of the dividend sheet, due re<fard shall he Hank, &c., un 
 
^^ 
 
 1!2 
 
 Tin: \Vi\i>i\<i-l'i' ArT. 
 
 (lividcml 
 sluTi. 
 
 No lien liy 
 jii<l(;ilirnl nnil 
 cxocullon. 
 
 This pnivision 
 not to ap|ily to 
 lion lor costs. 
 
 Claim or 
 (lividoiul mny 
 1h' olijcctcd to. 
 
 Objections to 
 1)0 111 led in 
 writing. 
 
 .Answers and 
 replies. 
 
 Day li) be 
 lixcd for hear- 
 ini;. 
 
 Co.sts. 
 
 If claimant 
 does not 
 answer objec- 
 tions. 
 
 Security for 
 costs. 
 
 liml tn till' rniik Mini pfivilc;,'!' of i'\ cry ci'cilitnr liiit im (lividi'iul slinll 
 lie alliitti'il 111- |iiiii| tn jiiiy crrilitnl' llnlililio; srcliritv ll|iiin llir I'stiltr ci|' 
 the citinimiiy t'nr liis clniiii until tin' iiiiHUiiit I'nr wliicli lie iimy niiik 
 as II cri'ilitMr ii|iiiii llic I'stiitc us to div iilnnls tlirirt'iniii. is rstiililislii'ij. 
 as liciTiii |ii'ii\ idi'd. 4;") V., c, •*'.], s. (IS. 
 
 66. Nil liiMi (ir |)ri\ ilr;;!' upon cilJicr tlic ri'til or pci'soiuil propiTty 
 ol" till' coiiipiiiiy slinll III- crciitril i'or tlii' aiiioiiiit, of any jinlo^mnit 
 ilrlit, or of ilic intiTcst tlicri'oii, liy tlir issue or ilclivi-ry to tlic slicriti' 
 of any writ of cxccntion, or liy icvyini,' upon or si-iziiii,' umlcr siicli 
 writ the t'trcfts or I'sttitr of tlir (•iiinpiiny : nor sluill any lien, 
 flaini or pri\ilt'i,f(' lie cn-ati'il ii|ioii tlio rral or |)crsoiial ]iriipi'rly nf 
 till- coinpiiny, or ii])on any ildits iliic or accrnino; or licconiini,' iltic to 
 tlu' eoinpaiiy. liy the tiling' or icyiHtcriiifj of any iiKMiiorial or ininuto 
 of jiiilLfiiiriit, or liy till- issiii' or making,' of any attacliiiicnt or 
 
 ojiriiislici' orilcr or otln'r |iroci'ss or pnu dino', jf, licforc tlic payiiii'iil 
 
 over to tlic plaiiitilT of the nioncys actually levied, paid or reccivid 
 tinder such writ, nieiiiorial, niiimt<'. attaclniient, ^'arnishec order or 
 other jirocess or procrcdino;, the windino up of the liusiness of 
 the eoiiipany has coninieiiced ; hut this section shall not iittect any 
 lien or pri\ileoe fur costs, which the phiintitV possesses under the hiw 
 of the I rovince in which such writ, attachiiieiit, o'lirnishee order or 
 other jirocess or pmceedinof w;is issued. J-n \'.. c. :i.'{, s, (li), y»o7. 
 
 67. Any creditor or contriliutory or shareholder or nieinlier may 
 oliject to any claiiii tiled with the lii|uidator, or to any dixidi'inl 
 declared : 
 
 '2. if a claiiii or a dividend is olijected to. the oiijections shall lie 
 tiled in writino- with the lii|uiil;itor, too-ether with evidence of tlio 
 previous ser\ ice of a copy thereof on the claiiiiant : 
 
 o. The claimant sli;ill have six days to answer the oiijections, or 
 such further time as the court .illows, and the contestant shall hiive 
 three days to reply, or such further time sis the court allows: 
 
 4. l'])on the completion of the issues ujion the oiijections. the 
 liijuidator shall tr.-insmit to the court all neces.sjiry papers relatiiijL;' to 
 the contestation, and the court shall then, on the ap])licatioii of either 
 party, ii.s a day for takino- evi<Ieiice u|ioii the c<iiitestatioii. and Iie.ir 
 iiio' and deteriiiiiiini,' the s.inie: 
 
 5. The court iiiiiy make such order as seems proper in i-es])ect to 
 the payment of the costs of the contestation hy either Jiarty, or out 
 of the est;ite of the comp.-niy : 
 
 (!. If, after a claim or dividend has lieeii duly olijected to. tlio 
 claiiiiaut does not answer the oiijections. the (ourt may. on the appli 
 cation of the contestant, make an ordi'r luirrino- the claim or correct 
 iiiir the dividend or iiia\' m.ike such other order in reference tlieretn 
 as appears n'oht ; 
 
 7. The court may order the person olijectiiio to a elaim or divideinl 
 to o'ive .secin'ity for the costs of the contestation within a limited 
 time, ami may, in default, dismiss the contestation or sttiy proceed 
 iu^s thereon, upon siicli terms as the couj't thinks just. 4r) \'., c. :^:! 
 s, 70. 
 
 KIlAlilMi.Nr I'KKI'KHKXCES. 
 
 |ierty, 
 imde 
 il' am 
 
 oHiTt^ 
 (■iil|||i;l 
 
 tain a 
 
 |i|im|o-( 
 
 tlierei 
 
 li<{iii( 
 
 lii.ide 
 
 72. 
 
 Gratuitous 
 contr.icts, &c. 
 to be void. 
 
 68. All ijratuitous contracts, or conveyances or contracts without 
 consideration, or with ti mci'ely nominal considenitiou, respectiiii^' 
 
Thk WiNi)iN<»-rr Act. 
 
 MM 
 
 ciilicr rcnl or pcrsdii.il |iin|ii'it y, iimcic liy a cniiipany in respect to 
 which a wiiuliiin- up nrch-r iimler this Aft Im ut'tcrwanlH iiiaih', with or 
 I'l any person \vhatsoe\er (whether siieh |)ers(ai is its cre<Iitor or not), 
 w ilhin tliree months next preceilinn- the coninieiiceinent of the wiml- 
 ini,'-iip or at any time aftci'wards, ami all contracts ii_\ which 
 I leilitca's ari' iiijiireil, ohstriicted or ilela\c'il, made liy a company nn- 
 ,ili|e to nuM't its en^faei'iiieiits. ami in I'espect to which a wimiiii;,' np 
 urdei- inuler this Act is afterwards made, with a peisiai knowine; such 
 inaliility or havin;,' jiroliaMe cause for iielievinj^ such inaiiility to ex- 
 ist, or after such inaliility is pulilic ami notori(»us (whether such per- 
 son is its creclitor or not) shall lie presumed to lie made with intent 
 to defiaud its cit'ditois, 4") \',, c. 2.S, s. 71. 
 
 ("iintracls 
 iiijuiinj; or 
 (ilislriictin^ 
 crodilcirs. 
 
 69i A contract oi- conveyance for coiisidi'ratioti, respectinjr cither Whun am- 
 real or personal iiropertv, li\' which creditors ai'e injured oj- ohstruct- "■'H"'^ «'''' 
 
 slinll lie viiid- 
 al.lc. 
 
 id, made liy a company unalile to meet its en^fa<,'cmciits witli a per- 
 son i^^norant of sm'h inaliility, whethei' such person is its creditor oi' 
 not, and liefoi'e sncli inaliility has liecome puMic and notorious, lait 
 within thirty days next liefoi'c the commencement of the windine;-up 
 of (he laisiiiess of Hiicli company umlei' this Act, or at any tinw after- 
 wards, is voidalile, and may he set aside liy any court of competent 
 jurisdiction, upon such terms as to the |»rotection of such person from 
 actual loss or lialiilitv 1>V reason of such contract, as the court orders. 
 +.-) \'., c. -2:], s. 72. 
 
 70. All contracts oi' coiueyunces nwide and acts done liy a com- As id con- 
 ]iany, i-espectin^f either reiil or personal pi'operty, with intent tVaudu- f^"'!.'^ "|"''^' 
 Irntly to impede, ohstruct oi' delay its civilitors in their remedies „i,striict or 
 aiiainst it, or with intent to defraud its creditors or any of them, — <lolay 
 ,iiid so made, done and intended with the knowlodfjfc of the per.son ^"'''•''"'"f**- 
 cnntractine' or actiu"' with the comiiany, whether such jiersou is its 
 cicditor or not, -and which ha\'e the etfect of impeilin"', olistructin^ 
 iir delayin^f the i-reditors of their remedies, or of 
 an\' of them, shall he null and \did. 45 \'., c. '2'-\. s. 7;}. 
 
 ni.|ui-ni^' them, or 
 
 71. If any sale, ileposit, pled<,fe or ti'ansfer is maile of any pro- .Securities 
 iiertv, real or personal, li\ a comiiany in conti'mplation of insolvcncv H'ven liy com- 
 
 • • i)Tii\' for DIV- 
 
 under this Act, hy way of sccuiity for pfiymcnt to any creditor, — or [,,,.,,, ^hen 
 if any property, real or per.sonni, movahle or immo\alile, <foods, lo be void. 
 I'tfects or valualilc security, are (^'iven liy way of paynu'iit liy .such 
 cumj)any to any creditor, whereliy such creditor olitaius or will oli- 
 lain an unjust |ireference over the <ither creditors, such sale, dejiosit, 
 I ilrdo'c, transfer oi- iiayment sludl he null and voiil : and the suhject 
 llicreof may lie recovci'cd liacU for the lienelit of the estate liy the 
 lii|uidatoi', in any court of c<impetent jurisdicti<in ; and if the sanu' is 
 iiiaije within thii'ty days next liel'ore tiie connnencena'ut of the wind- 
 ino- up under this Act, or at any time afteiwards, it shall lie presumed 
 to have lieeu so made in contemplation of insolvenc\'. 45 \'., c. 
 •2'.], s. 74. 
 
 72. Every payment made within thirty days next licfore the com- I'ayineins by 
 imncement of the windinjf u|) under this Act liy a company unalile c"""!'-'"')'. 
 1" na'ct its en;4ao-cmeiits in full, to a person k now in t,^ such inaliility, ^^^j^' "' "■" 
 I'l' having proliahle cause for ludiesin^" the s;ime to exist, shall he 
 Void, and the auKanit paid may be recovered hack hy the lii[uidator 
 
114 
 
 The VVixi)iN(i-rr Ad. 
 
 I'roviM). 
 
 As t(i (kills III 
 ci>iii|iany 
 Iransforrc'il 
 to CDiitriliii' 
 turics. 
 
 by suit or aotinii in uiiy cDiiit of (•oiiipctciil jiiriNtlictinii ; Imi it' nnv 
 viiludliic security is ^rivcii ii|) in coiisidcrutioM (tF such |(iiyiin'iit, siith 
 security or tlir vuhir tlHTcnt' slm!l lie i-csturcd to tin' cicilitm- ii|inii 
 the letui II of such |i;iyiiieiit. 4') V., c. 2'A, s. 7"). 
 
 73. When II (lelit, (hie ni' osviii;,' liy tile C(p|ii|iiiMy has lieeii trim 
 t'eri'ed within the time ami uiidei' the circumstaiK-es in the next piv 
 cedin;; section nieiitioiied.or iit any time iil'teiwards, to a conlrilmtdiy 
 who knows or lias proiialile cause Wiv lielievinj^r the company to lie 
 unaiile to meet its en;^a;4('ments, or in contemplation oi' its insolvency 
 under this Act, for the purpose of eiiahlin^^' such coiitriiuitoiy to set 
 U[», hy way of compensation or set-oil', the deht so ti'ansi'i'rrcd, such 
 (leht sh " "'t he set up l»y way of compensation or sot-oH" aj^ainst 
 the cla (III such contriltutory. 4') V., c. 2M, s. 7(i. 
 
 AI'1'KAI.S. 
 
 ApiJcals. 
 
 In Keewatin. 
 
 Practice. 
 
 .Security on 
 appeal ; ami 
 time for, 
 liiiiilc(i. 
 
 If not pro- 
 ceeded with 
 appeal may 
 be dismissed. 
 
 Furttier 
 appeal to 
 Supreme 
 Court. 
 
 74. Any per.son dissatisfieiL with an order or decision of the court 
 or a sin;f|e iiidi,'e in any ja'oceedin^r mider this Act may, hy leave of 
 aju(l;4'eof the court, appeal therefrom, if the (piestioii to lie raised 
 on the iippeiil involves futiu'e riohts, or if the oilier or deci-.ion is 
 likely to all'ect other cases of a similar nature in the winding' u|) 
 proceed ine;s, or if the aniotnit involved in the ap[»eal exceeds live 
 hundred dollars : 
 
 '2. Such appeal shall lie, - 
 
 In ( )ntario, to the ( 'otirt of .\ppeal for ( )nlario : 
 
 in (JllU'hec, to the C'otn't of (Queen's jjeiich : 
 
 III any of the other Provinces, and in the North-West 'reri'ltmie-. 
 to the full c(aiit : 
 
 ;}. Ii he Distiict of Keewatin any person di.ssatislieil with an 
 or(|er 'ecision of the ccaiit or a sitiffle jud^'e, in any proceedin^i' 
 
 unde Vet may, hy leave of a jude-e of the .Su|)reme d irt of 
 
 Canada, appeal therefrom to the Supreme Court of Canada: 
 
 4. All appeals shall he regulated, as far as possible, accordi ' to 
 the |)ractice in other cases of the court appealed to: luit no '-h 
 a])|ieal shall be entertained unless the appellant has, within fourth 
 days from tlit^ rendering- of the order or decisioiidi- within sucli 
 fiu'ther time a.s the court appealed fr(aii allows, taken |irocee(liii^rs 
 therein to perfect his appeal, nor unless, within the said time, he has 
 made a deixisit oi' }^'i\'en suHieieiit security, accordiiio- to the practice 
 of the coin't that he will duly prosecute the said a]i|ieal and pay 
 such damages and costs as may be awarde(l to the respondent. A') 
 v., c. 2:5, .s. 7N, part, niiil s. 7!)':— 4!» V., c. 25, ,s. Ki. 
 
 75. If the party a]j])ellant does not proceecl with his a|)peal. 
 accordiiif^- to the law or the rules of practice, as the ca.se may be, the 
 court appeale(l to, on the application of the res[M»ndcnt, may dismiss 
 the appeal, with or without costs. 45 V., c. 2M, s. .SO. 
 
 76. An ap[)eal shall lie to the Supreme CJourtof Canada, by leave 
 of ajud^feof the said Su]U'eme (."ourt, from the Jiidynieiit of the 
 Ctairt of Appeal fta- Ontario, the C(jurt of (Queen's I5ench in (.Quebec. 
 <n' the full court in any of the other Provinces or in the North- West 
 Territories, as the case may be, if the amoinit involved in the ajipeal 
 ^jCQeyds two thousand dollars. 45 V., c. 2'.i, s. 7H, part. 
 
'IT 
 
 The WiNi)iNfi-ri' Arr. 
 
 I'HOCRDITIIE, 
 
 nr, 
 
 77. 'I'lic powtTs ('(iiiri'iTcd \>y this Actii|)<iii tlic cduri niny. siiliji'cl, ll<>w the 
 til tlic npiH'iil in this Act pruviilril i'ov. In- cxcrciscil liv n siiiirlc iudL'f l"'^'/" "•"'''<-• 
 
 II I ^ ^ t r^ t' ^ r^ Court IllilV l)C 
 
 tlii'i'coF; uikI siicli jiowfi's limy In- ('xi'rcisril in cliiunlii'i's, ritln'r cxcrcisnl. 
 iluriii;,' term nv in viiciitiun : 
 
 '2. in Mk' I'riivinci' <iF Onturin sndi powers niiiy. Hulij<'«'t t<> an In Ontario, 
 iipiical iiccdi'ilin;,' to Mii' orilinm-y piiicticc ul' Mif cnni't, ln' cxrrciscil 
 liy tlif nKisti'i'. rrl't'i-cr or ntlici- >itliciT wlio, tinilci- t,lii' pi'iicticc nv 
 pi'dct'ilnrc ol' tlic cnnrt, prcsiflcs in cliiinilicrs, or liy tin' innstir in 
 uiilintirv. <>i' l)\' ini\' local niastci' ny frfcrcc. 4') \'., c. 2'\. s. 77 : — 47 
 v., c. :{!'», s. f). ■ 
 
 78. Kvcry orilci' <»l' the cnnrt nc n .jnij^'c for the pnyincnt of 
 nil nicy oc costs, elm ri^cs or expenses made niider tliis Act, sliull lie 
 deemed 11 judj,;iiieiit of t-lie court, and sliall liiiid tlie lands, ami may 
 lie enfoi'ced ae^uiiist the person or ^oods and chattels, lands and tene- 
 iiieiits of the person ordered to pay, in the same manner in which 
 judgments or decries of any superior coni't olitaini'd in any suit may 
 liiml lands or lie enforced in the I'roviiice w here the ciiurt eiifoi'ciii^ 
 the same is situate. 4(i \'.. r. '2'A, s. I. 
 
 ()r<k'rs of 
 
 coiirl 
 
 lo lie (Ic'cnicd 
 
 jlldHllK-'lllS. 
 lIlHV lo l)C' 
 
 oxeciilL'il. 
 
 79. I )elits due to any person ao-;iiiist whom --neh order j'or thti 
 payment of iiiuiiey, costs or expenses has lieeii ol>taini'(|, may ho 
 attached and Oinnisheed in the same nianner as delits dne to a jnil^- 
 lueiit ilelit<ir may he attached ■■uid oarnisheed hy a jnd^iiiieiit creditor 
 ill any I'roviiK-e where the attachment and <farnishnieiit of ilehts is 
 alliiwed liv law. 4(1 \'., c. 2'), s. 2. 
 
 Altachmenl 
 and ^Jarnish• 
 nienl how 
 fll'fctcd. 
 
 ' to 
 
 80. Ill any action, suit, proceed in^r or contestation nnder this Act, 
 tlir court may order the issue iif a writ of .s »/;/«*'//<( ad Icsl i/ii'ti inl ii m 
 III' of siihj)ii'iiii <liirrs Icfiiiii, comma iidiii;,' the attt'iidiincc, as a witness, 
 of any jierson who is within ('aiiada. lo \'.. c. 2'], s. SI. 
 
 81. 'I'lie court may. after it has made a windin^r-up order, sninmon 
 lii'i'ore it or liei'ore any person named hy it, any ollicer of the com- 
 pany or jiei'son Uiiowii or suspected to have in his possession any of 
 the estate or etfects of the company, or supposed to he indelited to 
 the coiii])any, or any person whom the court deems capalile of eiviiifj 
 iiii'iirmation concerninj^ the trade, dealino's, estate or ell'ects of the 
 riiiiipany: and the coui't may reipiire any such otiicer or per.siai to 
 prnihice any Imols, pajier, deed, writiii;^' or other document in his 
 iii-tddy or jiower relatiii"' to the company : 
 
 -. if an\' ])eisoii so siiiiiiiioned, after heiiio' tendered a reasmialile 
 siiiii for his expenses, refuses, without a lawful excuse, to attend at 
 till' tiiiH' appointed, the coin't nitiy cause such jier.son to be appi'o- 
 liiiided and liroiioht up for examination; liut in cases in which any 
 piisiiii claims any lien on papers, deeds, writinos or documents pi-o- 
 ihiii'd hy liim, such ]irodnction shall he without prejudice to such 
 liiii, and the court shall have juri.sdiction in the winding' up to deter- 
 iniiie all (piestions ri'latino' to such lien. 45 V., c. 2.'?, ,s. 82. 
 
 82. The court or the person so naiiied may examine, upon oath, 
 er liy wiM'i] of mouth or upon written interroo^atories, any jii-i'son 
 
 ppeariujo; or lirou^dit up in manner aforesaid, concerning the affairs, 
 
 Witnesses' 
 attendance 
 liovv secured. 
 
 Persons iiav- 
 inj; informa- 
 tion may lie 
 examined. 
 
 r|I II 
 
 [f person siiiii- 
 moiled refuses 
 to attend. 
 
 I'roviso : as t« 
 i|iiestion of 
 lien on papers. 
 
 Iv\amination 
 to lie oil oath. 
 
ll(J 
 
 TnF, \ViNM)i\ci-t*p A("i\ 
 
 Refusal to 
 answer, lu be 
 conlenipt. 
 
 (loiiliiij^s, ostiitc or ftU'cts of the coinpaiiy, and iiiiiy ivdiRT to writing- 
 tlic luiswcrs oF any such person, and r('(|uirc liini to sulisorilit- tlic 
 same: and it' sucli person, without lawtul excuse, nduscs to answer 
 the ([uestions put to hiui, he shall lie lialik^ to he punished as for con- 
 tempt of coni-t. 45 v., c. 2:], s. .s:i. 
 
 mis-aiiplyinj; 
 money, may 
 l)e compelled 
 to repay. 
 
 Officer of 83. When, in the coufse oi' the windinf,^ up of the husiness oi' :i 
 
 company, i^^c, company iindef this Act. it appeal's that nny past of pfesent diroctoi', 
 nianao'ef, li(|ui<lator. icceiver. employee, or oliicer of such comjiany 
 has misapplied or retiiined in his own hiinds, or liecome lialile oi' 
 aocountahle for any moneys of the comiiany, or hcon ffuilty of any 
 misfeasance or hreach of trust in i-elation to the comjiany, the cotnt 
 may, 011 the ajiplication of any li(|uidator, or of iiny cre(litor or con- 
 trihutory of the company, notwithst:indino' (h;it the ott'ence is one for 
 which the otiender is criminally lialile, examine into the conduct oi' 
 such director, manager, lIi|uid;itor, receixcr, oHicer or employee, and 
 compel hiu to r(>piiy any moneys so misiip|iliei| (ir retained, oi' for 
 which he has liecome Halile or accoiint.ilile, toi^cther with interest, at 
 such I'.ite as the court thinks just. <ir to contrilmte such sums ol' 
 money t<i the assets of the company, hy way of compensation in 
 respect of such misapplication, retention, misfeasance or hreach of 
 trust, as the c(a;rt thiid<s lit. 45 V.. c. 2:], s. ,St: -47 V„ c. :i!», s. (i. 
 
 \'ari()us pro- 
 vincial courts 
 to be auxili- 
 ary to one 
 another. 
 
 84. The courts of the \ariotis |'r(i\ inces, and the /juilo'es of the 
 saiil courts respectively, shall he auxiliary to one another for the 
 jmrposes (tf this Act: and the windiny up of the husine.ss of the com- 
 pany or any m.atter or ])roceeiliiio- relatiiii;' thereto may he transferred 
 fi'om one court to another with the conetn'reiu'e, or liy the order or 
 onlers, of tiie two courts, or hv an order of the Supreme ( "ourt of 
 Canaila. 45 V., c. 28, s. 8(). 
 
 Order <if one 
 court may be 
 enforced by 
 anotlicr. 
 
 85. When any order m tde liy one court is i'e(|uired to he enforced 
 liy another court, an otiice co])y <if the order so made, cerlilied hy the 
 clerk or othi'i' proper otiicerof the court which made the same, and 
 under the seal of such court, shall lie producetl to thi' propel- otlicei' 
 of till! court re(|uired to enforce the same, and the [)i'oduction of sudi 
 oojiy shall lie sutHcieiit e\idence of such order havino- heeii made; 
 and thereupon such last mentioned coint shall take such steps in the 
 matter as are re(|uisite for eid'orcin^' such order, in the same manner 
 as if it w;is the order of the court enfoicino' the same. 45 \' 
 c. 2;i .s. ,S7. 
 
 Rules of pro- 
 cedure and as 
 to amend- 
 ments to 
 apply. 
 
 No proceeding 
 void for 
 irrej;ularity. 
 
 liefore whom 
 atlldavils may 
 be made. 
 
 86. The rides of procedure, for the time lieino', ;is to aineiidmeiil^ 
 of pleading's tind proceeding's in tht' ccairt. shall apply, tis far as prae 
 ticahk' to all ple.'idin^fsjtnd proceediiio-s under this Act : and any com t 
 lit^fore whit'h such pi'oceeilino;s are lieiii^ carried on shall ha\'e full 
 power and authority to apply the appropriate rules as to amendment- 
 of the procee<iin{;.s. 45 V.. c. 2.'}, s. S.S, juii'l. 
 
 8T. No ])leadin<; or proceedino' shall he void hy reasmi of any 
 irreoularity or default which m;iy lie amended or disre^';irded undn 
 tile rules and practice of the court. 45 \'.. e. 'l'.\. s. NN, juirt. 
 
 88. Kvery atlidavit, ,'dHrmation or declarati<iii reipiired to In 
 sw(jrn or made under the provisions or for the purjKJses of this Ad 
 
The Wivding-Up Act. 
 
 117 
 
 (ir to l)c' used in tlic couft in Miiy ])ror(itylinf.f under this Act, may he 
 sworn or uiiulf inCanadu Ixd'orc a li(|uidator, jndf^o, notary pulilic, 
 cniinnissioni'i' for tai<in<^ aftidm its nr justice of the peace : and out <'f 
 ('iina<la, liefore any judj4'e of a ci)urt of recor(i, any comniissionei' for 
 takineaHidaAits to l)e used in any coiu't in Canada, any notary ]>uhHc, 
 the ciiief municipal ofKcer of any town or city, any British consul or 
 \ice-consul, or any person autiiorized I'y or under any Statute of 
 Canada, ov (d" anv I'l'ovince, to take aHi<lavits. 45 V., c. 2;i, s. (S9. 
 
 89. All courts, judyes, justices, conniiissioners and persons acting' (udici.il no- 
 Jiidicially shall take ju<licial notice of the seal, or stamp or sij^'iiature, lice of .sc.ils, 
 as the case may he, of any such court, jud^'e, notary pulilic, conuuis- '^'• 
 sionoi', justice,', chief nnuiicipal ollicer, consul, vice-consul, li(|uidator 
 
 <>}■ other jiersou attached, appendeil or sulisci'ihed to any such atli- 
 ila\ it. atfirm.-iiion or declaration, or to any other document to he used 
 i'ui- the purposes of this Act. 4r) \'., c. 28, s. !)(). 
 
 90. Any powers hy this Act conferi'ed lai the coui't are in addition I'owcrs con- 
 to, and not in I'estric-tion of anv other powers suhsistino- cither at law ^orred on 
 
 ., !• • i.-. i- ■ r • i. i -I 1 rinirt l)y this 
 
 ni- ui (Mjuity, or nistitutnio- proceeduies aj^auist any coiitriliutory, oi' ,\,., ^rc in 
 
 the estate of anv coutriliutoi-\-, or aoainst anv dehtor of the comiiaiu', .iddition to 
 
 for till' recovei-y of anv call or other sums due from such contrihu- ""-• other 
 
 , iii'i-',.i 1 I !• i-i-iii powers of the 
 
 t<>i'\' or delitor, or his estate: and siicli jiroceciliuos may '»' instituted J.,,,,,, 
 
 45 v., c, 2:1 s. 02. 
 
 
 9I> All costs, ciiarocs and expenses ])ropeily incuri'ed in the wind- Costs p.iyable 
 iiio-U]) of a comp.-iiiy, iiicludino' the reiiiuneriitioii of the li(|uidator, out of estate. 
 ■<hall he payalile out of the tissets of the company', in priority to all 
 other clainis. 45 V., c. 2.'}, s, 'XV 
 
 92. Ill Ontario, the judo-es of the llioli Court of Justice: in Que- 
 lle, the jlldo-es of the Court of (^Mleeii's itelich : ;llld ill the other i'ro- 
 \ iiices the judo;es of the court, or a majority of the jutlf^es in each 
 case, of whom the chief justice shall lie one, from time to time may 
 make and frame and settle the forms, rules and reo-ulations to he 
 lollowed ami oh.servcd in |iroceedino;s under this Act, and may make 
 lilies as t<i the costs, fees and charoi's which sliidl or uiay he had, 
 taken or paid in all such cases hy or to attorneys, solicitors or coun- 
 sel, and hy or to ntlicers of courts, whether for the otHcei's or for the 
 ("idwii, and hy or to sherifis, or dther persons, or for aii\' si'r\ice per- 
 Inniied (a- work <loiie under this Act. 45 V., c. 2:!, s. !I7. 
 
 Jiiiltjes may 
 make rules, 
 
 93. Cntil such forms, rules and reonlatioiis are made, the various I'ntil rules 
 nils and procedures, iiichnlino; the tarill' of c<ists, fees and cliarjjfes '•'^'^' '"•■'<''-■' 
 
 ', ... . '^ . . ... ~ nri'tii'iit iiroce- 
 
 I'piy- 
 
 1 .1 • » , 1 ,, • ■ 11 • 1 I 1 n l)re.sent proee 
 
 III cases tuidei' tins Act, unless otlierwi.se specially jirovided, shall, as ,1^1^^, ,,, ' ,., 
 
 iiearlv as may he, he the .same as those of the court in other cases 
 15 \'.', c. •2'.\, s" !)N. 
 
 l"Ncl,.\l.Mi;il ll|VlllI::\l)S. 
 
 94-. All di\idelld.-^ deposited ill a hank and reiiiaiiiino- unclaimtd Unclaimed 
 
 at the time ol' the tiiial windiuo- u|> of the htisiness of the comjiany, dividends tu 
 
 -hall he left for three ye.ars in the hank where they are deposited, ',\';,^,'J-^.'" '" 
 
 -iihject to tli( claim of the per.son eiititleil thereto,— and if still un- cjeueial. 
 i.'laimcd, sliidl then he paid o\er hy such hank, with inti'rest accrued 
 
118 
 
 I'liK WiNiMNo-t^p Act. 
 
 tlicrcon, to tlic Minister of Finaiioc ;iii(l RcoiMVPr-CMMioral, — jviid, it' 
 at'torwiinls duly claimed, shall lie paid over to the j)ersoiis entitled 
 thereto. 45 V., c. 2.S, s. !)l. 
 
 OKKENCES. 
 
 Any person 
 (Icslroyinf;. 
 &c., books, 
 &c., of com- 
 pany j;uiUy of 
 niisdcmcinor. 
 
 96. Every person who, with intent to defraud or deeeive any ]ier- 
 son, destroys, nnitilates, alters oi- falsities any liooU. paper, writing oi' 
 security, or makes or is privy to tiie making' of any false or fraudu- 
 lent entry in any re<rister, hook of acccanit or othei' <l(icument helono-- 
 \n^ to the company, the laisiness of which is lieinff wound up \indei- 
 this Act, is i,niilty of a misdemeanoi' and liahle to impi'isoiniient in 
 the peniteiitiai'y for any tei-m not less tlia.n two years, or to imprison- 
 ment in any fraol oi- place of contiiuiinent for any temn less than two 
 years, with or without hard lalioi'. 45 \'., c. 2'A. s. .S5. ' 
 
 Coiiri m.iy 96. When a windiii<f-u]> ordei' is made, if it apjiears in the course 
 
 .lireci crini- of such wiiidino' Up that any past or ]iresent director, manaoei-. otJicer 
 
 !"' F'";^''^''- (,]• nu'udier of the comiianv is ouilt\' of anv offence in relaticai to the 
 int;s aj'.inist , i • i i • ' • : n ' i- i ■ ' , i , .1 
 
 otiiccrs of ihe Company tor wincii he is crnMUialiy iialije, the couj't may, on the ap- 
 plication of any person interested in such windiui^ U]1, or of its own 
 motion, direct the liipiidator to institute and conduct a prosecution 
 oi' pi'osecutions foi- such ofi'ence, and may order the costs and ex- 
 ])enses to lie paid out of the assets of the comjiany. 45 V'.c. 2-S, s. !)."> 
 
 (Minipany 
 l^uilty of 
 < )ffcnces. 
 
 Provisions 
 applicable to 
 banks. 
 
 Provisions as 
 to windin^ju] 
 order in case 
 of bank. 
 
 tliairinan of 
 nieetin};s of 
 shareholders 
 and of credi- 
 tors. 
 
 Scale of vote>. 
 
 PROVISIONS AI'I'IdCAMM'; TO HAXK.S. 
 
 97. 'riw provisions of sections iiinety-ei.ijht to one hundred jiiid 
 four, hoth inclusi\-e,applv to liaidss oidy, not inchnliiio' sa\iiii;s Imnk'^ 
 45 v., c. 2;{. siil,-lUlr. ' ' " 
 
 98. In the case of a liiink.the application for a windinef-up order 
 shall l)e made hy a creditor for a sum of not less than one thousand 
 dollars, and the court shall, before makino- the or<ler, direct n nieet- 
 in^f of the shareholders of the hank an<l a meeting; of tlie creditors of 
 the liaidv to lie summone(l, iield, and conducted as the cotu't directs, 
 for till' ]nn'|»ose of ascertaininf,f their ri'specti\e wishes as to tin 
 a]i]iointment of li(|uidators. 47 V., c. .'i!l, s. 7, /"'/■/. 
 
 99. The court may appoint a perscai to act as chairman of the 
 iiieetinif of shai'eholders, and in defatdt of such appointment, the 
 president of the liaids, la' other ]M'rson who usually presides at a 
 meetino- of shareholders, shall ]a-eside ; the court may also appoint ,-i 
 person to act as chairman of the meetiiie' oi' creditors, and in del'.ndt 
 of such a])pointment, the creditors shall apjioint a chairnian. 47 \.. 
 c. :{!>, .s. 7, ixirt. 
 
 100. In takino- a vote at stich meetiim' of shareholilers. reoanl 
 shall lie had to the niimlier of votes conferre<| li_\- law or liy the ri'o'ii 
 lations of the liaid< oil each shareholder present or represented at 
 such meetino-; and in tlu' case of creilitors, reoard shall he had to 
 the amount of the deht due to each creditor. 47 V,, c. iJJI, s. I, jiurl 
 
 liairnian 1( 
 
 101. The chairman of each meetiii;^^ shall report the result the 
 
 .f 
 
 rrpori result (^,, (^||,, t'ourt, and if u wiiidiiif^-up order is made, the c<airt shall ap 
 
 )f vol 
 
 pnlicv 
 40 V.', 
 
 Ill a u 
 
mp^imifp 
 
 The \Vinm)IN()-Ui' Act. 
 
 11!) 
 
 ~iui(l, it' 
 I'lititlcil 
 
 Miiy l>('i- 
 ritin*;' or 
 • tViiiiilu- 
 fc lit'lnlli;- 
 uj) under 
 niiiiMit in 
 niprison- 
 tlian two 
 
 1)0 C()nrs(> 
 cr, otKcci' 
 on to till' 
 n tlic iip- 
 t' its own 
 osccntion 
 ■•ind cx- 
 . 2:i, s. !)5. 
 
 idrcil nnd 
 iljs banks. 
 
 ]inint tlii'cc li(|niiliitors, to lie sclocted in its disci'ction. after .snoli .Viipointment 
 liciriny; of tlie ])arties as it deems expedient, from anionj;' the p(M'sons " "l""'=i'"''*'- 
 iiuiniiiated liy the majorities and niinoi'ities of tht' shai'cliolders ami 
 c'lcijitors at sueh meetings I'espeetively. 47 V., e. IV,). s. 7, /xirt. 
 
 102. ir no one has lieen so nominated, the three licpiidators shall If li<|iii(la(ors 
 lir chosen liy tile court, and it' less than thi'ee have lieen nominated, 1'"^^; i'"' l'^^^-"" 
 the re(|ui,site additional liipiidator or liipiidators sliall lie chosen hv 
 
 the coui't. 4") v., c. -r.], s. lO;}. 
 
 103. I'lie li(piidatoi's shall ascei'tain as neai'ly as ])ossil)le, the Koservation i)f 
 amount of notes of the hank intended for circiUation and actually ilividcnds in 
 iiutstandinj'-, and shall resei've until the expiration of at least two ''^'^l'^'''' '." 
 years utter the date oi the wuKlnii^-up oi'der, or until tlie last nnwa. 
 dividend, if tiiat is not made until after the expirutioii of the said 
 
 time, dividends on such part of the .said amount in re,s]H'ct of which 
 ■laims art' not filed : and if claims are not tiled and divid<'nds ap]ilied 
 I'lir in res|)ect of any part of the said amount hefore the pi'riod 
 lu'i-ein limite«l, the dividends so reserved shall fnini the last or part 
 n\- the last dividend. 45 V., c. 28, s. 104. 
 
 I04-. I'uhlication in the Cidinilii iltr.i'lh' ami in the otlicial Uazetic V'"^' ''* i^""^" 
 
 (if e.ich Province of Canada, and in two newsiiaiiers issued at or l^"^''" 'Y't"-'e 
 
 1 1 1 1 1 1 ii- !• 1 1 • ■ 1- .to niihlL'is 111 
 
 iM'arest tlie [)lace wliere tlic iiead <itlice ot a liaiik is situate, ot notice noics. 
 
 of any proceeding of which, under this Act, creditors should he 
 iiutitii'd, shall he sutHcient notice to holders of hank notes in circu- 
 lation ; and if the head ofHce is situated in the l'ro\'inci' of C^uehec, i„ ouebcc. 
 line of the newspapers in which piililication is to he made shall he a 
 iic\v.sp.i[)er puhlished in English and the other a newspaper published 
 in French. 45 V., c. 28, s. J()5. 
 
 -nj) oruei' 
 thousand 
 I't a meet- 
 •editors of 
 rt directs, 
 as tn the 
 
 ruovisioNs .\i>i'i,i(Ani,K lo i.ii'e insik.wce co.mi'.wH'X 
 
 105. 'i'he provisions of sections one hundred and six to one hun- I'mvisions 
 ^\v\'t\ and fourteen, hotli inclusive, a])])ly only to life insurance com- applicable to 
 iiaiiies, and to insurance comiianies (loin<r life and other insurance, insurance 
 in .so far as relates to the life insuraiic( 
 4.") v., c. •l:\siih-lUb'. 
 
 husiness ot" such companies. 
 
 nan of the 
 nieiit, th<' 
 
 sides at a 
 apjKiint a 
 in default 
 
 111. 47 \ .. 
 
 ; the regu 
 ■eseiited at 
 he had tn 
 
 , s. 7. y"'/7 
 
 ult thereof 
 t shall aji- 
 
 106. i^xcept in tlu' cases [U'ovidi'd for in the tliiry-si'coml ami thirty- Company 
 tliird .sections of " 'Hii' Iiisn ra iicc Act" a company .shall he liable to be vvliosc license 
 
 I u 'ii ■ ii 1 • •! 1 i' ii !• • 1 is willuliawn, 
 
 ile.ilt witli 111 tlie manner lierein iirescri lied tor tlie case or iii.sol\ cncv, v- rinit. , 
 
 whenever its license has expired or been withdrawn, under the said lor insolvency. 
 
 -Vet, and lias not been reneweil within thirty days after such expiry 
 
 "!■ withdrawal. 40 V., c. 42, s. 15, /Kirl. 
 
 107. Ill case of the in.solveiicy of any company, the deposits of .Appljcaiion 
 such colli] lany held by the Minister of Finance and Receiver- "' ''i^P>'sits 
 (ieiieral, and the assets held by tln^ trustees under "' TIh' I itsii r<i iirc \■^^\^\\J^''^^ 
 .1(7,' shall he apjilied j>ro nihi towai'ils the discharge of all claims of misteo.s, 
 
 I" ilicy holders in Canada duly authenticated against such company, i" i^ase of in- 
 
 40 v., c. 42, s. 15, i>nrt ;— 45 "V., c. 28, s. 107. s^U^ucy. 
 
 108. Upiai the insolvency of any such company and the making Rights of poli- 
 iif a winding-up order under this Act, the policy holders in Canada cy holders, 
 
120 
 
 The WiN'i)i\(i-l"i' A(T. 
 
 Valuation of 
 policies — on 
 what Uasis. 
 
 Exception. 
 
 Cost of valua- 
 tion 
 
 Sale of secu- 
 rities on coin- 
 ])leti()ii of 
 schedule by 
 assignees. 
 
 Distrilnilion 
 of proceeds. 
 
 If the assets. 
 do not cover 
 the claims. 
 
 Proviso : as to 
 policy holders 
 insured on the 
 mutual prin- 
 ciple. 
 
 Applicati<m 
 of foreyoinj^ 
 proviso as to 
 comi)anies 
 iru'orporaled 
 elsewhere 
 than in 
 Canada, 
 
 shilll lit' i'iititl('(l til cliiiiii I'di' the t'lill net vulilcs of tlit-if scviTal 
 policies lit the time of tlic wiinliii^Mip oidcr (iiic'ludiiijj lioiius !t(l<li- 
 tioiis mid pi'otits iKTfiKMl), less iiiiy fiinotuit ])r('\i()nsly fKlvaiircd l,\ 
 till' coinpaiiy (111 tlic scciii'ity nf tlic |Milicy. and micIi claiiiis shall lank 
 with jiidoiiiciifcs olitaiiit'd and claiuis matured mi ( 'aiiadian policio.s, in 
 the distriiiiitioii (if the a.sscts : 
 
 2. The li(|iiidat(ii' may reipiire the snperintendeiit (if iiistiranee to 
 \altie, or iiroeiire to lie valued iiiider his sti|ier\isi(iii, the policic-, 
 liefore mentioned, hasiii"' such valuation on the mortality talile of 
 the In.stitute of Aettiaries of (freat l>ritaiii and on a rate of interest 
 fit four and one-half per eeiitmn per aniniiii, except in the case of 
 lioiius litions or other profits accrued or declared liefore the twenty- 
 eighth M-iy of A])ril. one thonsand ei^ht Imndred and seventy-,seveii 
 and then vahied on the liasis of a rate of interest other than that 
 alioN'e mentioned, which, in any such \aluati(in, shall continue to he 
 \alue(l on such other basis : and the expenses of such xaluation, at 
 a rate of three cents for each jiolicy or lioiius addition so valued 
 shall 1k' retained liy the Minister of Kiiiance and Hecei\fi--(<eneial 
 from the securities held liy him : 
 
 M. Upon the compk'tion hy the ii(|uidator of the statement to lie 
 prepared hy him of all judonicnts aoajnst the company upon policies 
 in Canada, and of all claims upon policies matured or oiitstandino' as 
 aforesaid, the court shall cause the securities held hy the Minister of 
 Finance and Receiver-CJeneral for such company, and the assets held 
 liy the trustees proNided in " 7'Ar / usii rn iicc A<'f" or any part of 
 them, to lie sold i>v realized in such manner and after such notice 
 and formalities as the court tippoints : 
 
 4. The proceeds thereof, after paying exjienses inctm'ed,. shall, except 
 in .so far as they have lieeii ajiplied. under this Act, to etlect a re 
 in.surance of policies, he distributed ynv< r<ifii amon^.st the claimants 
 accordiiifi; to such statement: and if the said proceeds are not 
 sutlicieiit to cover in full all claims recorded in the statement, such 
 policy holders shall not lie barred from any recourse they lia\c. 
 either in law or eipiity, against the com[iaiiy issuino' the policy or 
 ao;ainst any shareholdei' or director tlu'reof, other than for a share in 
 the distribution of the proceeds above mentioned, or in any distribu- 
 tion of the oi'iicral pro])i:rty and a.s.sets of the company, other than 
 the deposit and the assets vesti-d in trustees : 
 
 0. Provided always, that in all cases of distribution of the pro- 
 ceiids of the deposit in the hands of the Ministei' of Finance and 
 Receiver-General, and the assets vested in the trustees, as jirovided 
 for in this section, if it appi'ars from the charter. Act of ineorpoia- 
 tioii or articles of association of the company and from the condition^ 
 of the policy, that any Canadian policyholder claiiiiiiiff a share in 
 such distribution has been insured on the " mutual " principle — then 
 such policy holder shall be entitled only to claim a share in the dis- 
 tribution as aforesaid, at the same I'ate iis all other holders of |i(ilicies 
 under the same conditions are entitled to claim in the distribution of 
 the total assets of the company, whether they are holders of 
 Canadian polities or otherwise : but this pro\ i.so shall only apply, in 
 respect to those companies chartered, incorporated or as.sociated 
 together in a country (other tiian Canada) inider the laws of vvliicii 
 the holder of a Canadian policy issued by any such company i^ 
 entitled to claim a share in the distrihution in such country at tic 
 same rate as all other holders of policies, under the .same condition^- 
 
The \Vixi)ixfi-Ui' Act. 121 
 
 iirc entitled ti> elMiin in tlie (listrilnitidii of" the total ussets of the 
 ciiiiipaiiy. iiiid to ''iijoy all the riiflits ami pfivile^es as policy liol<I('i's 
 which are ciijoyi'd liy the ])(»iicy holders who nvv iiiitives of or 
 iKiliirali/.ed in such eoiintry. 40 V., c. 42, s. I(i, /itni ,-4') V'., c. 2.'?, 
 s. lOM, /inrt. 
 
 109. Whenever the eoni]iany or the lii|uidator, or the holder of If iho poliry 
 the policy or contract of insiirance exei'cises any rieht, which it or he '** cancelled. 
 has to cancel tlie ])olicy or contract, thi' holder shall he entitled to 
 claim as a creditoi' for the sum which, under the terms of the policy 
 or cont'Vict, is due to him upon such canccdlation. 4/3 V., c. 2:{, s. lUfS, 
 I II Iff. 
 
 110. The li(|uidator shall, without the tilin^i' of any claim, noticeoi' 
 evidence, or the taUinii' of any action hy an_\' person, make a state- 
 ment of all the pel-sons appeaiin<i'. hy the liooUs and records of the 
 ollicers of the company, to he creditia's oi- claimants un<ler the two 
 sections next ]»i'ecedin<;', and of the anicanits due to each such pei'son 
 tlieretnider, and every such per.scni shall he collocate<| and raidved as 
 and .shall he entitled to the rights of a cre(Jitor or claimant foi' such 
 innount, witlxait filin^f any claim, notice oi- evidence, or takin<i' any 
 Mction : l)Ut any such collocation may he contested hy any per.son in- 
 terested, and any person who is not collocated or who is dis.satistied 
 with the amount for which he is collocated, may tile his own claim: 
 
 2. A copy of such statement, certified hy the li(|nidator, shall forth- 
 with, after the niakinj,^ of such statement, he tiletl in the otiice of the 
 superintendent of insurance at Ottawa ; ami notice of such lilin<;' shall 
 i'nithwith he yi\cn liy the li(|ui<lator l>y notice in the ('mnii/ii (iuicttr 
 and in the oliicial (lu-.i'th' of each I*ro\ ince of C'anada, and in two 
 iirwspapers issued at or nearest the place where the head olliee in 
 Cuiadaof the c<pmp;iny is situate: and the liipiidator shall also, i'oi'th- 
 with. send hy mail, pre[)aid, a notici' of such liliuif to each creditor 
 iiame(I in the statement, addi'essed to the addresses in C^inada of such 
 cicditors. as far as the same are known, and in the ca.se of foi-eio-n 
 (I'cilitoi's, adilressed to the addresses of their represent;iti\('sor a<fi'nts 
 in Canada, as far as the same are known. 4.') V., c. 2."}, .s. 10!). 
 
 .St.iii-mcnl of 
 crcMJiiors to Ic 
 propareci by 
 the Ii(|i(lat()r, 
 ami LXitaiii 
 claiiii.s col- 
 located with- 
 out proof. 
 
 F'rovi.so : for 
 roiitestation. 
 
 Copy of .statc- 
 nuiil to Ijc 
 lilid with 
 Mipcrintcnd- 
 iiit, and 
 notice thereof 
 j;iven. 
 
 III. The holder of a policy or contract of life insin-ance, upon ,\s lo claims 
 which a cl.-iim accrues after the date of the windiiii^'-up order and he- .ucniin},' after 
 lor,, the expiration of thirtv davs after the lilino-,'in the oflice of the ''"" "','"''"«• 
 Miperintendent ol insurance, (d the statement relerre(| to in the next within 30 davs 
 lnceedino' section, shall lie entitled to claim as a creditca- for tlii^ full thereof, 
 iiil amount of such claim — less any amount previously ad\ance<| hy 
 the company on the sectn'ity of the policy or contract : and the saiil 
 slateiiieiit and the di\iden<l sheet sladl, if necessary, he aiiH'iided 
 iiccorilinoly : 
 
 2. No claim which accrues after the ex[(iration of the thiity days claims ac- 
 ahuve mentioned, shall rank u])oii the esttite unless and until there is cruini,' after 
 sutlicieiit to pay all eioditois in full. 4.") \'., e. l'-\, s. J |(). 
 
 30 days. 
 
 112. II. In fore the ex I li rat ion nf the thiity days htreiiihcrore men- If the holder 
 ti'iiied, the holder of a iiolicv or contrtict of life insurance, on which s;'^^'^ ""I'ce 
 
 '. * lllvt'llllllIT|-ti< 
 
 a claim h;is not aceriied, sionities, in writiiiii', to the lii|iiidator, his 
 willinoncss to ticcept an iiisiir.ince in some other company for tl 
 
 le 
 
 f williimness 
 to accept in- 
 ■^luanee in 
 
 aiiKaint which can he seciued hv the dividend on his claim, to which •""'i'"-''' ^'•>» 
 
 ]ianv. 
 
122 
 
 T)i(' WixnTNn-f'i' Act. 
 
 Proviso. 
 
 Uc'iLirt lo 
 supt'rintc'ii- 
 <I(.'iU of insiir 
 ancc. 
 
 What is siifll- 
 cifiit nnlice 
 to certain 
 policy holders. 
 
 sncli lioldcr is or m.iv licfimic cutitltMl, tlic liciiiiiliitor iimv, witli the 
 .saiiotioii (tt the ('(Hirt, oflV-i-t for sudi lioldci' iiii insurance to the 
 iiiiioiiiit at'orcsfiid in another conipany or coniiianies, approveil ol' li\- 
 the superinteiKh'iit of instirance, and may a])|ily to that |iiir|)ose tlio 
 dividend on liis claim to whicli such hoMii- is or may liecome entith'il ; 
 but sudi insurance shall he ellected oidy as part oi' a general scheme 
 for the assinii|)tion, hy some other coiiqiany or coiujianies, of the 
 whole or part of the outstandino' risks ami lialiilities of the insolveni 
 comiiauy. ■]■') V., c. 2.^, s. 111. 
 
 113. If th<' company is licensed uniler "77/'' fnsii r<i iwr Ad," ihr 
 li(|uidatoi' shall I'epiai to the superintendent of insurance once in 
 ever}' si.\ months. <ir oftener iis the superinteiiilent reijuires, on tin 
 condition of the alliiirs of the company, with stu-h fiu'ther particulai- 
 as the supei'intfinlent re(|iiii'es, 4') \'., c. 2M, s. 1 12. 
 
 114. I'lililication in the ('iihikIh fldzillr nuA in the ollicial Cucrll, 
 of each l'ro\iiice of Canada, and in two newspapers issiieil at or 
 neai'est the place where the head oilier ill ( 'aiiada of an insin'ancr 
 com]ian_\' is situate, of notice of any proceedino' of which, tinder this 
 Act. creditors should he notilied, shall he siiHicient notice to holdeis 
 of policies or contracts of insurance in I'espect of which no notice of 
 claim has heen I'eceived. 4.") \'.. c, 2:{. s. lOti. 
 
 I'KOVISKlXS .MM'I.KAlil.i; I'd I VSllt.Wl K ( OM I'.WIKS OTIIKI! ■ni.W I. UK 
 
 i\sri!.\N< r. coMi'.wiKs. 
 
 Provisions ap- 
 plicalile to in- 
 surance roni- 
 [lanies other 
 than life. 
 
 II5> The followiuiLJ i)ro\isions of this Act, apply only to insur-nin 
 companies other than life insurance companies, and to insurance com- 
 panies doino- life and other insurance, in .so far as relates to the in 
 surance luisiness of such ((anpanies, which is not life instnance luisi 
 ness. 4") \'., c. 2:{. Kiili-lillr. 
 
 When a com- 
 pany shall lie 
 deemed in- 
 .solvent. 
 
 Proviso : if 
 payment of 
 any loss is to 
 be on proof. 
 
 Applicaliun of 
 ilcpoNil held 
 liy Keieiver- 
 General. 
 
 .Vs to iiolicies 
 on which no 
 
 116. Any company shall lie deemed in.solvent upon its failure to 
 ])ay any undisputed claim arisino', or loss insured ao-ainst, in Canada, 
 upon any policy helil in ("anada. for the space of sixty days al'lei' 
 liecomino- due, or, if disputed, after tinal judoinent and tender of a 
 leo'al valid discharoc, and (in either case) after notice thereof to tie 
 Minister of Finance and lveceiver-( leneial : 
 
 2. l'ro\ ided, that in any case when a claim for loss is, hv the terms 
 of the policy, pa_)'alile on proof of such loss, without an\' stipulateil 
 delay, the notice to the .\linistei- of i''inance and l\ecei\cr-( Jeiieral 
 under this section shall not he oi\'en tintil after the lapse of si.xty 
 days from the time when the claim liecomes due. :{N V., c. 20, s. 1(1. 
 /xirl. 
 
 117. .\ny deposit held hy the .Minister of Finance and IJeceivci- 
 ( leiicral for polic_\' holder^, shall he applied /i,ii ,w/i' t^waiils the pay 
 ment of all claims duly atitln'utiealed aoainst >aieh company, tipon o: 
 in respect of policies isstu'd to policy holders in Cauatlii. ;5iS V., c. 20 
 
 Hi 
 
 I, jxn 
 
 •/: 45 V 
 
 c. 2:5. s 
 
 I 14, iKirl. 
 
 118. Holders of policies or contracts of insurance on whicl 
 
 I n 
 
 claim has accrued at the time the wind 
 
 uio-up oriler IS mat 
 
 le, sh 
 
'I'tii; \ViM)i\(i-ri' Act. 
 
 12.S 
 
 )f i?ici('i'C'(ls. 
 
 ciititlcil to clniin iis creditors, tor n part ol' tlif iirt'iniiim pniil, propor- ''^'""^ has ac- 
 tioiiutc to tlic period oF their policies oi- contracts I'espectively uiiex- ,Vi"^„',ii,^iii,J"'|, 
 piled lit the d.-ite of the wiiidiiin'-iip order: Mild such return or order. 
 uiienriied preiniuni shall rank with judeiiieiits olitainetj and claims 
 iiccrued, in the distriliiitioii oi' tlie nssets : 
 
 i r])on the completion of the statement to he prepared liy the S.ilc ofsecur- 
 licpiidator under this Act, the comi shall cause tlio securities held hy '"^"'' 
 the Minister of Finance and l\ee<'iver-( Jeiieral for such company, or 
 any |iart of them, to he sold in such manner an<l after such notice 
 ■uid formalities . 'is the court appoints ; and the proc(U'ds thereof , after 
 piiyine' expenses liieiiri'ed, shall (except in so far as they have heeii .Vpi'lin"!"" 
 applied niider this Act to efl'ect a re-insurance of the [)olicies) Ik dis- 
 triliuted jiro ruin amoii;nst the claimants acc'ordin<^ to such state- 
 ment ; and. if the proceeils are not .sutlicieiit to cover in full all claims 
 ii'corded in the statement, such policy holders shall not lie haired 
 from any recour.se they have either at law or in e(|uitv aj^ainst the 
 cninpany issuini,^ the policy, other than that for a share in the distri- 
 liiition of the proceeds of tlu' securities held for such company hy the 
 Minister of i'^inaiice and liecei\('r-( li-iieral : 
 
 :{. Whenever the company or the liipiiilator, or the holder of the 
 policy or contract of insurance, exercises any ri^Iit wiiicli it or he 
 lias to cancel the policy or contract, the holder shall he entitle<l to 
 claim as a creditor for the sum which, under the terms of the policy 
 or contract, is due to him upon such cancellation. MIS \'., c. "20, s. 17, 
 /(f'/7 ; — 45 \'., c. 2;}, s. 1 15, jxiii. 
 
 As to cancel- 
 lation of 
 policy. 
 
 119. The rKpiidatur shall, without the lilino' of any claim, notice St.iionicnt to 
 or evidence, or the takiiiii' of aiiv action I'V anv i)erson, iiuike a state- ,."^ '.",'",'' '^ 
 iiieiit ot all the persons appearino', hy the hooks and records oi the 
 (iliicers of the company, to lie creditors or claimants under the next 
 precedino' section, and of the amounts due to each such per.son there- 
 under: and e\'ery such per.son sh.ill lie collocated and ranked as and 
 shall he entitle<l to the rio-hts of a. creditor oi' claimant for such 
 .iinoiint, without liliiio' any claim, notice oi' exideiice, or ttdsin^' any 
 .irtion: lint any such c<illocat-ioii may he contested hy any person in- I'rovi.so. 
 {(•rested, ;uid any person not collocate<l or dissatisfied with the 
 amount for which he is collocated, ma_\' Hie his own claim. 
 
 "2. A copy of such statement, certilied hy the liipiidator shall, Copy to hf 
 hirthwith after the makiiio- of such statement", lie tiled in the othce of fi'^'*' ."'''' 
 tlie superinteiKleiit III 1 iismaiice, at * 'ttawa, ami notice ol such liliiii;' i.m ,,f jp. 
 ■-h.dl he forthwith oi\cii iiy the litpiidator h_\- notice in the Cnimda .suranci.-. 
 'i'":'7/(', and in the otlicial (inirltc of each I'rovince of (\-ina<la, and in 
 two newspapers issiieil at or neaicst the ])lace where the head oHice 
 in Canada of the comiiany is situate: and the liipiidator shall also Notice to each 
 i'ortlnvith send liy m.ail, prejiaid, a notice of stich lilino- to each creditor, 
 creditor named in the statement, adilressed to the .nldre.s.ses in 
 Canaila of such creditors, as far ;is the same are known — and in the 
 tas(! of foi'ei^n creditors, addressed to the addres.ses of their rejn'e- r' 
 
 seiitiitives or a^'eiits in raiiitda, tis ftir as the stime are known. 45 
 v., c. 2;}, s. IK). 
 
 120. The holder of a policy or contract of insurance, otiier tlum if a (-laini ac- 
 
 lil'e insurance, upon which a claim accrues after the datt; of the wind- crucs after the 
 
 iiij;' u[) order, and liefore the eX[)iration of thirty days after the filing, ,7''i . .'"k ".'' 
 
 in the otlicti of the superintendent of insurance, of the statement re- within jo days 
 
124 
 
 'I'HK \VlN'l)IN(i-ri' A(T. 
 
 ol liling 111 
 statement. 
 
 Claims accrii 
 inj; after 
 thirty days. 
 
 Arrant;cnuiil> 
 may he iii.hIi- 
 fur reiiisiir- 
 ani:e of risks, 
 
 i'aynionl or 
 transfer of as- 
 sets in such 
 case. 
 
 Ajiplicalion 
 of siirpUis. 
 
 fi'i'ffd til ill tile next pf('(i'(liiio' section, simll lie iMititlfil U) cliiim, u^ 
 a ci'ctlitof, fof tltc full net miinimt of sticli cliiim : niid tlic sniil stiitc 
 Jiii'iit jtiifl the <li\ iilciid slicct sliiill, it' iicccssjiry, lie jniiciKlcil iiccoi'il 
 
 2. No I'lnitii wliicli ;iccnics after the i-xpifiitioii of tlie tliii'ty iliiys 
 lit'iciiilicfofi' iiu'iitioiK'il, shall raiil< ti|i()ii the fstate, tiiilcss ami iinlil 
 tliciT is siitliciciit to pay ail i-fcditois in full. 4.') V., c. '2'.\. s. I 17. 
 
 121. iii'foi'c tilt' cNpiratioii of the tliirty days al>ovc iiiciitioiicd. 
 tlir li(|iiidatof may. witli the s.iiiction of tlu' court, aiTaiioc with 
 any inc()i'|)oratiM| iiisttranci' company, approved of for sucli ptn 
 pose liy the siipei'intendeiit of instifaiice, for the re-insnraiicc ly 
 siicli company of the otitstaiidino' I'isks of the insolvent company, 
 and for the assumption liy sncli company of the whole or niiy jiart 
 of the other lialiilities of the in.solveiit company ; and in case of 
 sticli arraiiotMiKMit the li(|tiidator may l>!iy or traiisfei' to sticli com 
 ]iany, such of the assets of the insolvent coiii|iany as may lie ao;reeil 
 on as the consideration for such reinsurance or assumption, and in 
 such case the arraiio-ement for re-instiraiice shall he in lieu of Hk 
 claim for tiiiearned premium : l'ro\ ided always, that any I'emainin^ 
 assets of the insolvent coiii|iaiiy sli;ill lie retaine(| hy the liipiidator 
 us a security to the creditors for the |iaym<'iit of their claims, and 
 shall, if necessary, he so applied, and shall not lie retiiriieil to tlu' 
 company, exct'])t on the order of the court aftei- the ,satisfacti(Hi of 
 such claims, -io V., c. '2'\. s. IIS. 
 
 II 
 
 Report to 
 superinteii- 
 dent of in- 
 surance. 
 
 What ))ulilica- 
 tion of notice 
 sufficient. 
 
 122. If the company is licensed under " 77/r / hsu ra m-i' Art," the 
 li(piidator sh;ill report to the siipei'intendeiit of instirance once in 
 every si.x months, or oftciicr, as the stiperinteiideiit retjttires, on the 
 condition of tlie affairs of the company, with such further particu- 
 lars as the superintendent recpiires. 4.1 V., c. 'I'A. s. 1 l!>. 
 
 123. I'ulilicatioii in {]\r Cn iniiln (rii:i'lli\t\\\'\ in the otiicial (!ii:r/h 
 of each Province of Canada, and in two new.-ipapers issued at ni' 
 nearest the place where the head otiice of Jiii instiraiu'e company is 
 situate, of notice <if any procecdiiio' of which, under this Act 
 creditors are to he notilied, shall he sutlicient notice to holders of 
 policies or contracts of insurance, in respt'ct of which no notice of 
 claim has heeii received. 4.j \' , c. 2'.i, s. I \'.\. 
 
 2. 
 
 A,t" 
 them 
 with ! 
 
5l> AMCTORIA. 
 
 CHAP. :i2. 
 
 All Act to Minciid " Tlic Wiii(linj,'-u|) Act," clm]>ti'r one liuiidrt'il 
 1111(1 twt'iity-iiiiic of tlio Revised St;itut<'s. 
 
 [Assnitnl t„ Kill, Ai>rll. /.V.S',9.] 
 
 KR MA.IKS'I'Y, liy .-uid with tlie iidvice and consent of the 
 Senate aii<l Mouse of ( 'oiniiions ot" Canada, enacts as follows : — 
 
 SIIOKT TITI-E. 
 
 I> This Act may lie cited as " 7'Ar W iinli iiif-iii) AiiiciKhiiciit Act, Short title. 
 JSS!)." 
 
 INTKIU'UKTATION. 
 
 2. The expressions ineiitioiied in section two of " 'flit' Wl ,i<li lUf-vp Intorprcta- 
 Acl whenever they occur in this Act, have the nieaninjf assigned to ""'"• 
 
 them respectively hy the .said section two: and this Act shall l)e read K.s.c.c. 129. 
 with and construed as foniiin^' part of " Tlir W i ii<H iiji-ii p Ait.' 
 
 Al'ri.lcA'Clo.N oi' ACT. 
 
 3. Tliis Act ap])lies to all coiporatiiais incorporated hy or under Application 
 the authority of an Act of the I'arliaiiient of Canada or liy or iniiler "< -Vet. 
 the authority of any Act of tlie late Province of Canada, or of tlie 
 |iinviiices of Nova Scotia, New llrunswick. Prince Kdward Island or 
 
 liritish Coluniliia, and whose incorjioration and the affairs whereof 
 are suhject to the leojislative authority of the Parliament of 
 Caiuuhi : 
 
 2. 'I'his Act does not apply to railway or t('le;^raph com])aiiies or to To what not 
 liuildin^' societies which liave not a capital stock. api)lical)li:. 
 
 wi\in\(; II'. 
 
 4. The court may make a wiiulinf,' uji order: — 
 
 (<i.) Where the perioil, if any, tixed for the duration of the com- In what cxses 
 l)anv liv the Act, charter or instrunient of iiicori)oration has e.\i)ired : "'"'""K 'U' 
 
 1 ii i •!.• 1 1 i-i 1- "rilvt may be 
 
 or where the event, 11 any, lias occurred, upon tiie occurrence 01 made. 
 
 ..-^.h 
 
120 
 
 WiN'i)iN()-ri' Act Amen'dei). 
 
 On whose ap 
 plication. 
 
 wliicli it is jirovidi'ii liy the Act or clmilcr nr iiistniiiiciit of iii('or|M)i 
 iitioii tlint the coiniiaiiy is to l>t' ilissoixcd ; 
 
 (li.) WiitTc the roiiipiiiiy at ii .spfciiil iiu'ctiiio' of sliarclioldcis 
 called for the purposi' lias passed a resolution ic(|iiiiiii^' the foinpany 
 to lie wound up ; 
 
 (c.) When tile ('(aiipany is insolvent witliiii the iiieaiiiii'f of " Tin 
 Wiiitllitji-iifi Act; " 
 
 ((I.) When the capital stock of the coinpany is impaired to the ex- 
 tent of twenty-live ]»er cent, thereof, and when it is shown to the 
 satisfaction of the court that the lost capital will not liUely lie ic 
 stored within one yeai' : 
 
 (i'.) When the ciairt is of opinion that it is just and eijuitahK' that 
 the couipany should he wiaiiid ii|). 
 
 6. 'riie application for such wiftdino^-up order may, in the cases 
 liieiitioneil ill paraorajihsO'. A^/'Jfi'id ^r. /of the next precedi no' section, 
 he made l>y the company or hy a shareholder, and in the otlii'r cases 
 mentione(l in the said section, the ap])lication may lie made liy a 
 shartdiolder holdiiio shares in the ca|)ital sto(d< of the company to the 
 amount of at least tivi- hundred dollars. 
 
 WhcTL' 1(1 
 
 inadc. 
 
 6> Such a|)plieation shall he \>y petition to the court in the I'l'o- 
 viiice where the hi'ad otHce of tlii' com|iaiiy is situateil, or wliei'e the 
 chief place of business in Canada is situated, if the head office is not 
 in Canada. 
 
 I'owcrs of the 7' 1'"' l'<>\vi'rs of till' court in I'espeet to such application and the 
 court. sul)su(|Uent proceedings thereon shall he the same as nearly as may 
 
 lie as if the application were made by a creditor under the provisions 
 
 of " The \Vi iidl iiij-n i> Act." 
 
 If application 8. If the company opposes the a|)])lieation on the ifnrmd tliat it 
 is o|)poscil. lias not become insoKciit, or that its siis|)ension or ilefault was only 
 temporary, and was not caused by any deticieiicy in its assets, or that 
 the capital stock is not impaired to the extent aforesaii I, or that such 
 impairment does not eiidaii^rer tlie cajiacity of the coiiijiany to ])ay 
 its debts in full, or that there is a piobaliility that tin' lost capital 
 will be restored within a year or within a reasonable time thereafter, 
 and shows reasonable cause for believino- that such o]i])ositioii is well 
 founded, the court, in its discretion, may, from time to time, adjcHirii 
 Adjourn- pioceediiios upon sucli application, for a time not exceedino; six 
 
 "'™'- months from the date of the application, ami may order an account- 
 
 ant or other i)erson to intiuire into the attiiirs of the comiianv and to 
 
 Itiduirv • It' 
 
 report thereon within a period not exceedino- thirty days from the 
 date of .such order. 
 
 Certain pro- 9. Sections eleven and twelve of " The W'l inl'i ikj-v j> Act" extend 
 
 visions to ap- tt) all order made under the next iirecedino- section of this Act. 
 I'ly- 
 
 lOa The followino; sections of this Act apply in every case in 
 which a windino-up order is maile, whether under " TJw Wliulunj- 
 up Act," or this Act. 
 
 Application 
 of following 
 sections. 
 
 Notices may "■ The court may, by any order made after the winding-up order 
 
 1)0 dispensed and the appoiutuieut of a li(juidator, dispense with notice to creditors, 
 with. 
 
 19. 
 
WiNnixn-lTp Apt AMFA'DKn. 
 
 127 
 
 ('()iit.ril)ut(ti'i(>s, Hlmr('li(il<l<TH or niciiilicrs of tin- compiuiy us r<MHiin'<l 
 liy tilt' said Act, when' in its discrctioii such notice may properly l>e 
 clis|i('lise(i witii. 
 
 12. The court may provide liy any onler snliseipient to the 
 \vindini,'-iip (a'der. tliat the liijiiiihitor may exercise any of the powers 
 conferred upon him hy the said Act or this Act, witliout the sanction 
 or intervention of tlie c(Mirt: and where a provisional li(|uidator is 
 a]i|)ointed it may limit and restrict his powei's l»y the onler appoint- 
 iiiij' him. 
 
 As to powers 
 of li(|ui(lalors. 
 
 13. In directiuLj meetintfs of creditors, contrilaitorii's, shareholders 
 or memliers of tin' company to he held as provided in the said Act, 
 llie ciaii't ma}' either appoint a ])erson to act as chairman of such 
 ineetinfif, iH' direct that a chairman he appointed hy the persfai.s 
 entitled to lie present at such meeting ; ami in case the appointed 
 clinirman fails to atti-ixl the said meeting;', the persons present at the 
 meeting; may elect a chairman (jualilied, who shall perform the duties 
 prescrilied hy the said Act. 
 
 I4>. The li(|niilator may ^ive notice in writing to creditors who 
 lia\<' sent in their claims to him, and whose claims he considers 
 sluadd not he alIowe(l withiait proof, re(juirin^ such cre(|itors to 
 attend l)efore the court on a day to he na'.ned In such notice, and 
 |irove their claims to the .satisfaction of Uie court; an<l the court 
 may allow or disallow the said claims : and in case any creditor does 
 not attend in ))urs\iance of such notice his claim shall lie disallowed, 
 unless the c<airt sees tit to yiant ftnthei' time for the ])i'o()f thereof. 
 
 15. Section si.xty-seven of the said Act is hei-ehy amended hy in- 
 scitin^- after tlu' word " Any " in the lirst line of tlie sai.I .sti lion the 
 wold '■ li(piidator." 
 
 16. Section seventy-three of the said Act shall ai)])ly to all persons 
 iiidehted or liahle in any way to the company, in the .same mannei' 
 and to the same extent as it now ap]ilies to contrihutories. 
 
 17. Secticai one hundred and one of the said Act is h(>rehy 
 aiiu'uded hy inserting' liefia'e the words "three liipiiilatia's " in the 
 tliii'd line of tht; said section, the words "one oi' more li(|uidators, 
 not exi-eediny." 
 
 t'hairmaii al 
 meetings. 
 
 Court may 
 decide on 
 clniins. 
 
 Section 67 
 amended. 
 
 Application 
 of seciion 73. 
 
 Section loi 
 amcniled. 
 
 j.xtend 
 
 18. Section one hinidred and two of the said Act is herehy re- 
 pealed and the following is siilistituted therefoi- : 
 
 "102. If no one has lieen so nominated, the litpiidHtor or 
 li(|uidators shall he chosen liy the court." 
 
 Sep I ion 102 
 repealed ; 
 new section. 
 If ttiere is no 
 nomination. 
 
 19. The court shall have the same [iow.m and jiu'i.sdiction to cau.se Service of 
 or allow tlu; service of process la- proceeiiinos under the .sai<l Act and P''"cess. 
 this Act, to he made on per.sons out of the jurisdiction of the said 
 iiiin't, in the same manner, and with the like ett'ect, as in ordinary 
 actions or suits within the ordinary jurisdiction of the cotii't, hut 
 this provision .shall not apply to .service made hcfore the pa.ssiuf,' of E.^ception. 
 this Act. 
 
1 •->« 
 
 VV'lNl>lN(i-lTi' Act AmkNOKD. 
 
 Sect it >n 77 
 nmcndcd. 
 
 KxiTci-ic i)f 
 
 20a SnUscotidii t\v(i <if soctimi scvciity-scvcii ni' tin- snid Act is 
 li('i-»'l)y r('|M'iiK'tl, iiii'l the t'nllnwiii^' sulistitiitcil tlit'id'oi' : 
 
 2. " At'ttT u wiii(liii;.f-n|i (irdcr is iiiiulc, tlif ciuiit iiiuy, fioiii timct.u 
 
 the ))owirs nf tliiH', liy Dnlcf (tf n-t'ciciicc, rctVr and dcU'j^iitf, iiccordiii^ to tlir 
 
 the coiiri. pructici' mid pi'ocfdurr of siicli cniirt, tu liny ntlicrr of tin- court, iiiiy 
 
 of tilt' |ii>\Vfi's ctiiiffri't'il ujioii tilt' couit Ipy this Act, or imy Ad 
 
 aiinuidiu^' tilt' saint', lis to such CI >urt may .sccni meet, .sulijt'ct to an 
 
 apiH-al, ac'coiiiin^ to tlic practice of tin' court in like ciiscs." 
 
 I'roceiUirc. 21. The proceeding's nnili'r a \vintlinfi-u|) onlcr siiall lie i-arrieil on 
 
 as nearly tis may lie in tlie same mimner as an ordinary suit, action 
 or proeeeilin^ witliin the Jurisdiction of the ctairt. 
 
Tf 
 
 ID vurrouiA. 
 
 ("MAI' :{(). 
 
 II 
 
 All Act icspcctiiij,' fill! (JuiToiicy. 
 
 KH MA.IKS'rV, liy .iiiil witli tin' n<lvici! and coiisont of the Soimtu 
 lunl Ijoiisf of ('uimiioiis oF ('iiiiada, onactK as t'olloWH: — 
 
 A.b. 1886. 
 
 I. 'I'lic (Iciiomiiiatidiis of imnicy in tlic cMPrciicy <>!' ('iuiiuln, sliall l.>i''i"i;>'"i'- 
 lie dollars, cents and mills, — tlio cont licin^f one hnndi-cdtli part of a rcncy. 
 dollar, ami tlif ndll onc-tcntl) part of n cent. .'U V., c. 4, s. 2. 
 
 Standard of 
 value of 
 Canada cur- 
 
 2. 'riiccnrroncy of Canada shall he sncdi, that the British soveroi^i 
 of the wi'iiflit and lincni'ss now prt'scrilicd Ky the laws of the United 
 Kiii^jdoiii, shall lie e(|ual to and shall piiss ein'rent for fonr dollars remy. 
 ei<ditv-six cents and two-thirds of a cent of the cnrivncv of (.'anada, 
 
 and the half sovereif^ni of jiroportiiaiate weij^dit and like fineness, for 
 
 nnedialf the said snni : ami all pulilic accoinits thron^diont Canada 
 
 shall lie kept in sneli cnrrency : and in any statement as to money or Tuhiic ac- 
 
 iiionev value, in any indictment oi* le^al proceed iii<r, the same shall lie. comus, kc, 
 
 stated in such currency; and in all private accounts and a^'reements |" '■' '" 
 
 rendered or eiitei'ed into on or sulise(|nent to the first day of -Inly, 
 
 one tluaisand ei<,dit hundred ;ind seventy-one, all sums mentioned 
 
 shall lie understo<id to he in such currency, lude.ss some other is 
 
 clearly expressed, or must, from the eircumstanci's of the case, have 
 
 iiceii intended liy the jiai'fies. '.\\ \'., c. 4', s. :}. 
 
 3. No Dominion note or hank note payalile in any other cnrrency ^'" l«nl< 
 than the currency of ('anada, shall lie issued or re-issued liy the "'"f-"^' .''^••■•> 
 ( loverrimeiit of (^in.idii. or hy .iny liank, and all such notes issued other cur- 
 liefore the first day of July, one thou.sand einhf humlred and seventy- rcncy. 
 one, .shall he redeenie(|, or notes payahle in the currency of Canada 
 
 shall lie .suhstituted or exchauifeil for them. \\\ V., c. 4, .s. .5. 
 
 4. Any ^-old coins which Her Majesty cau.ses to tie struclc f<ir cir- 
 ciiliitioii in ( '.iiijida. of the standjinl of lineness ])reseril)ed hy law for 
 the yolil coins of the Cnited Kino'dom, und lieai'in<^ the same propor- 
 tion ill weiffht to that of the Ih'itish sovereifjn, which five dollars 
 licar to foui' dollars einrhty-six cents and two-thirds of a cent, shall 
 pass euri'eiit and lie a le^al tender in Camid.i for fi\e dollars ; and 
 any multi|iles or divisions of .stu-h coin, which Her .Majesty causes to 
 lie struck for like purposes, shall ji.iss current and he a lep'al tender 
 If) 
 
 (iuld coins 
 may ]«-• struck 
 for Canada. 
 
130 
 
 An iU'T RKSI>E('TIN(i TIIK (/lUlKENCV. 
 
 in Ciina'hi at rates proportionate to their intrinsic value respectively; 
 and any such coins shall pass hy such names as Her Majesty assi<rns 
 to them in her proclamation ileclarin^ them ale<fal tender, ami shall lie 
 subject to the like allowance for remedy as British coin. 134 V., c. 4, 
 s. 6. 
 
 Ccrlain silver 
 ami cojipcr 
 coins struck 
 by order of 
 Her Majesty 
 to be a legal 
 tender 
 throughout 
 Canada. 
 
 Amount 
 which may 
 be tendered 
 in one pay- 
 ment. 
 
 5« The silvei', copper or hronze coins which Her Majesty has 
 heretot'oi'e caused to V)e .struck for circulation in tlie Provinces of 
 Quebec, Ontario, and New Brunswick, under the Acts then in force 
 in the said Provinces resjiectively, shall be current and a leo-al tender 
 thnai^hout Canada, at the rates in the .said currency of Canada as- 
 sicfued to them respectively, by tln' said Acts, and un<ler the like 
 conditions and provisions; and such other silver, copjier oi" lironze 
 coins as Her Abijesty cau.ses to be .struck for circulation in Canada, 
 shall pass current and be a lenjal tender in Canada, at the rates as- 
 si<rned to them irspectively by Her Majesty's Royal ])i'ocliunation, — 
 such siver coins beino' of the tineiiess now Hxed by the laws of the 
 United Kino'dom, and of weio-hts bearino' respectively the same pro- 
 portion to the value to lie assii^nied to them, which the weiirhts of the 
 silver coins of the Cnited Kinedom bear to their nominal value: and 
 all such silver coins aforesaid, sliall be a le^al tender to the amount 
 of ten ilollars, and such copper or limn/e coins to the amoinit of 
 tweiity-tiN'e cents, in any one payment ; and the holder of the notes 
 of any person to the amount of mori' than ten dollars, shall not be 
 bound to receive more than that amount iir.such silver coins in pay- 
 ment of such notes if presented for payment at one time, although 
 any of such notes is for a less sinii. H4 \ ., c. 4. s. 7. 
 
 No other 6. No other silver, co])per or bronze coins than those which Her 
 
 coins of silver Majesty cau.ses; to be struck for circtdiition in Canaila, or in some 
 or copper to p,.;,,.;,,;.,, tlun-eof, shall lie a leoal tender in Cautida. U V., c. 4, ,s. S. 
 
 As to foreign 
 gold coins. 
 
 Proviso : as 
 to U..S. Eagl( 
 
 7. Her Majesty may, by procl.nnation, fnaii tiiiu' to timi', li,\ the 
 rates at which any foicio-n o-old C'.iiis of the ('."-cription, date, weio-ht 
 anil Hneiiess, meiilioiieil in such ])i-oclamation. sliill pjiss current, and 
 be a leo-al tender ill Ciiiada : I'l-oviiled th;it until it is otherwise 
 ordered by any such proL'laiiiation, the ^ifold oaolc of tiie Ciiited 
 States of America, coiiu'd after the iirst day of .liily. one thousaml 
 eight hundred and thirty-bmr, and before the first day of tbmuarv, 
 one tlKHisand eioht liuiidre(| and tifty-two, or aftei' the said last men- 
 tioned day, but while the standaril of lineness foi" gold coins then 
 ti.\e(l by the laws of the .said United States remains unchanged, and 
 weighing ten pennyweights, eighteen grains, troy weight, shall pass 
 current and be a legal tender in Canada for ten dollars: ami the gold 
 coins of the said Uniteil States being multiples and halves of the 
 said eagle, and of like ilate and proportiomite wi'ights, shall pass cur- 
 rent and be a legal te:ider in Canada for proportionate sums. M4 V., 
 c. 4, s. f). 
 
 I'roof of date 8. The stamji of the year on .•iiiy foreign coin made current by 
 
 &e., of coins. t|iis i\ct or iiiiy proelamntioii issiieil under it, shall establish firiiiid 
 
 ftic'ic the fact of its liaxing lieeii coined in that ye.ar; and the stamp 
 
 of the country on any foreign coin shall establish jiviuki fncif the 
 
 ffict of its iieing of the coinage of such cotintrv. ^{4 \'.. c. 4, s. 10. 
 
Ax Act REsi'ECTixri the CnuiENCY. 
 
 131 
 
 9> \i) tciidci' of payinciit ill moiifv in ;uiy jfold, sihcr or copper ncfaccfl coin 
 coin which has hooii dt'taccd liy stumping- thcri^on any name or word, j)!,\^lgf ^^'^ 
 whctiicr snch coin is or is not thci-cliy diniinisluMl or lij^htcned, sliull 
 
 ;)2-;w v., c. i>s, s. n, j„(rt. 
 
 he a li'^fal tendci 
 
 lO. All sums of money payalde on and after tlie first day of July, Payments in 
 one tliousand eiolit hundi'ed and se\'enty-one to Her Majesty, or to Nova Scotia 
 any porson, under any Act or law in force in Nova Scotia, passed ""t "lu'iy" i'"i 
 liefore the saiii ilay, or under any hill, note, contract, ajifreenient or i,) i)e in Can- 
 uthei' document or instnnnent, made hefore the said day in and with aila currency, 
 reference to that jn'ovinci', or made after the said day <ajt of Nova 
 Scotia and with reference thereto, and which were intende(l to lie, 
 .ind liut for such alteration wcadd have heen payable in the currency 
 of Xova Scotia, as fixed liy law previous to the fourteenth day of 
 April, one thousand ei^lit Innuh'ed and seventy-one, shall hei'eafter 
 he represented and payahle, respectively, hy e(|uivalent sums in the 
 currency of Canada, that is to say, for everj' seventy-five cents of How to i)c 
 Nova Scotia currency, hy seventy-thi'ee cents of Canada cui-renc}', calculated, 
 and .so in proportion for any j^rcater or less .stnn : and if in any such 
 sum there is a fraction of a cent in the ('([uivalent in Canada cur- 
 it'iicy the nearest whole cent shall he taken. .'M \'., c. 4, s. 4. 
 
 II. Any del)t or o1ilio;ation contracted before the fir.st day of July As to debts in 
 
 in the j'ear one thousand ei^ht hundi'i'd and eiylity-oiu!, in the ciu'- ^^■^- ^ I'.K.I. 
 
 ivncy then lawfully u.sed in the I'rovince of IJriti.sh Columbia, or in i.efore'^ist 
 
 the I'l'ovince of Prince Edward Island, shall, if payable thereafter, July, iSSi. 
 lie pavable by an eipiivalent sinii in the currency hendiy establishcil. 
 44- v.; c. 4, s. 1. 
 
 I2i All sums mentioned in dollars and cents in 
 
 North Aitid'Hii Act, /yf)7," and in all Acts of the I'arliament of 
 
 T/ic Uritish Sums men- 
 tioned in cer- 
 ,,,,,, . . . tain Acts to 
 
 Canada .shall, lune.ss it is otherwise expressed, be understood to bo l)e currency 
 
 sums in the currency by this Act established. "M V., c. 45, s. 2. °^ Canada. 
 
49 VrCTOPvTA. 
 
 CM AW :U. 
 
 A.n. iS86. 
 
 Interpreta- 
 tion. 
 
 Issue of Do- 
 minion notes. 
 
 Amount of 
 
 Dominion 
 
 notes. 
 
 Proviso : a- 
 
 mount in gold 
 and guaran- 
 teeil securi- 
 ties ti) he held 
 for redemp- 
 tion. 
 
 And in 
 
 unguaranteed 
 
 debentures. 
 
 H 
 
 All Act. respecting Doiniiiioii Notes. 
 
 ER MAJESTY, \>y ami witli the .-ulvice and CDii.seiitof the Senate, 
 and House of Commons of Canada, enacts as follows: — 
 
 1. The ex])re.s,sion "specie" in this Act means coin ctn-fcnt hy laAv 
 in Canada, at the fates and subject to the pi-ovisions of the law in 
 that Ix'half, or Imllion f)f o([ual \aliie accoi'ding to its weij^ht and 
 tinene.s,s. lil V., c. ■]•(), s. }t], part. 
 
 2. The (lovernor in Council may authorize the issue (n Dominion 
 notes to an amount not exceedin<,f that herein specified : tind .such 
 Dominion notes mtiy lie of such denominational values and in such 
 form, and si<fned hy such persons and in such maimer, l)y lithoi,n'a])h. 
 2)rintino; or otherwise as he, from time to time, directs ; and such 
 notes sliall he redeemable in specie on presentation at branch offices 
 established or at lianks with which arrano'emeiits iii'e made as herein- 
 after provided at Montri-al, Toronto, Halifax, St. dolni, N. ]!., 
 Winnipej:f, Charlottetown and Victoria, and at that one of the said 
 places at which they are I'e.spectively maile payable. I? I V., c. 4(i, s. (S, 
 pdvf ;— 43 v., c. bS, s. 4, i>(irf. 
 
 3. The iimount of Dominion notes i,s,sued and oiitstandiiiir at anv 
 time may, by Order in Council, foun<led on a report of the Tr(^asury 
 Board, be increased to, but shall not exceed twenty million dollars, 
 by amtauits not exceedino' one million dollars at one time, and not 
 exceedin<,' four million ilollars in anyone year: Provided that the 
 Minister of Finance and lieceiver-Ceiieral shall always hold, for 
 securing the redemiition of such noti's issiietl and outstaiidinif, an 
 amount hi gt)ld, or in gold and C'anada securities guaranteed by tin 
 (Jovernmeiit of the Cnited Kingdom, e(|nal to not less than twenty- 
 five per cent, of the amount of such notes, — at least lifteeii per cent, 
 of the total amount of such notes being so held in gold : and provided 
 also, that the saiil Mini.'-tt^r shall always hold for the redemption of 
 such notes an anKunit e(|ual to the remaining seventy-five per cent 
 of the total amount thereof, in Dominion debentures i.s.sued b\ 
 authority of Parliament. 43 V., c. 13, s. 1, fxtrt. 
 
1 
 
 An Act llKspEfTiXd Domixion Notes. 
 
 133 
 
 i-i 
 
 ■j]n\ Sciifit"', 
 
 s : — 
 
 the l:i\v ill 
 weijijlit ami 
 
 Dominion 
 
 anil such 
 
 M(l in such 
 
 litli<>i,n-n])li, 
 
 : ami sueli 
 
 uicli offices 
 
 as lu'i'cin- 
 
 in, N. R, 
 
 it' the said 
 
 ., c. 4(i, s. .S, 
 
 ling iit any 
 (' Trcasniy 
 on dollars, 
 0, and not 
 ed that the 
 
 hold, for 
 tamlin<f, an 
 i'cd by till' 
 111 twenty 
 Ml jii'i' cent 
 id jirovided 
 enilitioll ol 
 e jier cent 
 
 isHiie<l l>\ 
 
 (lispdsi'il (if 
 liy liim for the 
 imrposL's ol 
 lliis Act. 
 
 I'roviso. 
 
 4. Such notes sliall lie a lej^al tender in every part of Ctinada e.\- Notes to lie a 
 (>(|it at tlie otRces at wliioh they are I'espectively made payable: the '^'^'"' ''^"'''^'■• 
 prneeeds thereof shall form part of the (Jon.solidated Hevenuo Fund 
 
 if ( 'auada, ami the e\]ieiises lawfidly incurred under this Act .shall 
 111' paid out of the said fund. U\ V., c. l.S, s. 5, purf. 
 
 5. Debentures of ( 'anada may be issued and delivered to the Delicntures 
 .Minister of Finance and Heceiver-deiiei'al foi- the ^reneral jiui'poses |j'J|i^.l,'.'',,i ,,, 
 (if this Act, and to enable him to comjily with its reipiirements, — such Minister of 
 Ji'bcntures liein^ held ms aforesaid for seeiii'inji' the redeni]ition of Finame, .tihI 
 I )nuiiMiou notes, and the said Minister havino- full powei- to dispose 
 (if them, and of the i,nnvranteed debentures aforesaid, either tem- 
 piiiarily or al'solutely, in order to I'aise funds foi' such redemption, 
 and for the piii'pose of piocurino- the amounts of "old required to be 
 held liy him under this Act : but nothing herein contained shall lie 
 ciinstrued to authorize the i.s.sue of debentures not otherwise author- 
 
 i/i'd by Parliament, or any increase of the debt of (.'auada beyond the 
 amount so authorized. 4.S V., c. \'A, .s. 2. 
 
 6. If any amount of Dominion notes is issued and (Uitstandin^f at .Aniount to he 
 any time in excess of the amount then authorized as aforesaid, the '^«>^^^'' against 
 .Minister of Finance and Ueceivei'-deiieral shall hold oold to the full ^'" ' ""^' 
 aniount of such excess, for the i-edi-mption of such notes; and tuiy 
 
 amount of such notes which the public con\i'iiienci' i'e(|uires may be 
 issiu'd and ivmain outstanding', pro\ ided the exci'ss of such amount 
 nver that so authorized is I'cpreseiited by an equal amount of f>'old 
 liild by the Mini.ster of Finance and Heceiver-(Jeneral as aforesaid; 
 and the issue of Dominion notes so represented in full by ^'old, shall 
 not be deemed an incivase of the public debt: but except in the case 
 iif notes so i,s.sueil ao'.-iinst an e(|ual amiauit of f^'old, the total amount 
 iif Dominion notes outstandino- shall nevei- exceed the amount author- 
 i/i'd under si'etioii three of this Act. 'A'\ W, c. 10, s. (!. 
 
 7. The Minister of Finance and Rccoiver-Gonei'al shall publish Minister of 
 iiiniithly in the Cuintdn (jiin'ltc a statement of the aniount of l"''na.nce to 
 Dominion notes outstanding^ on the last day of the [ireci'diii<,' month, n",n||^,iy 
 and of the ^'old, o'Utirauteed debentures and unifuaranteed debentures statements, 
 then held by him for seeuriiio- the redemption thei'eof, distin^'uishing 
 
 the amounts of each so held at each of the cities at which Dominion 
 notes ai'e redeemable; and such statements shall be made up from 
 I'l'tui-ns made to the said Minister by the branch offices, bank oi- 
 I'aiiUs at which such notes are redei'inable. V,\ V., c. \'\, s. 'A. 
 
 8. The (Jovernor in (Council may, in his discretion establish liranch Offices or 
 
 • itlicesof the Department of Finance at Miaitreal, Tia-outo, Halifax, ^g'-'nci'^s. for 
 ,, I , y. ,, ,.',. . / .1 1 . . i. 1 V i. • i.- I reili'mption of 
 
 M. .lohn, »\.r)., \N innipeo', ( liai'lottetowii ami Victoria, respectively, n„tcs. 
 
 Ill' aii\ of tlu'm, fill' the redemption of J)ominion notes, or may make 
 
 ai langeuients with any chartered bank or banks for the redemptiiai 
 
 thereof, and may allow si fixed sinii per annum for such service at 
 
 all or any of the said places; and j;'olil or delieiitures held at any 
 
 ^iieli branch otiice or liy any such bank for the redemption of 
 
 Diiiiiinion notes, shall be deemed to be held by the Minister of 
 
 I'iiianee and Receiver-Cieiieral : I'lovided that any Assistant Ri'Ceiver- 
 
 De)iei-al appointed at any of the said cities under the "Act Rexpect- 
 
 ' 
 
 'M 
 
134 
 
 An Act Respecting Dominion Notes. 
 
 Rcdoiiiption 
 of I'rovincial 
 ndtcs. 
 
 inff Govet'^mient Sdvingx Bunhx" sii.iU bi- an ngont tor the isHuc uikI 
 redomption of such notes. 33 V., c. 10, s. 7 ;— 39 V., c. 4 ; — 43 V., c 
 13, s. 4^, part. 
 
 9> Provincial notos issued under tlie Act of the late Province of 
 Canada, passed in the session held in the twenty-ninth and thirtieth 
 years of Her Majesty's reifrn, chapter ten, shall lie held to he notes of 
 the Dominion of Canada, and shall he i-edeeniahle in specie on ))re- 
 sentation at Montreal, Toronto, Halifax or St. John, X.B., and at that 
 one of the said places at which they are respectively made payahle. 
 and shall he (as ]ii'ovided hy the lastly mentioned Act) a le<fal tender 
 except at the offices at which they are I'e.spectively made payahle. 
 31 v., c. 4(), s. ,S, jxirf. 
 
\f\ 
 
 49 VICTORIA. 
 
 CHAP. 124. 
 
 An Act respL'ctiiif^ Iiisurancu. 
 [AnuiiuU'd }>;i '>l V'h\, vIiuji. .'S. — Amended portion in Uidieti.] 
 
 A.D. iS86. 
 
 li 
 
 KR MAJESTY, by uiid with the ndvici' and consent of tlio Senate 
 and House of Connuons of Canada, enacts as follovv.s: — 
 
 siioiiT TITLE. 
 
 I. This Act may lie cited as " T/ic I usn ni me Acf." 49 V., c. 45, Short titl 
 
 INTERl'HETATION. 
 
 2. In this Act, unless tlie context otherwise re(|uires, — 
 
 (((.) Tiie expression " Minister," means the NUnister of Finance and 
 lu'Ceiver-dleneral : 
 
 (/>.) The expression "superintendent" means the Superintendent 
 of Insurance. 
 
 (c.) The expression " company " means and inehides any corpora- 
 tion or any society or association, incorporated or unincor])orated, or 
 ;iiiy partnership carry in^^ on the liusine.ss of insurance : 
 
 ((I.) 'I"he ex|)ression "Canadian com|)any means a company incor- 
 piirated or le<(ally formed in Cana(hi, for tlie ])ui'i)ose of carryinj^ on 
 the liusiness of insurance in Canada, and wliich has its head oHice 
 tlierein : 
 
 (('.) Tlie expression " a<fent " means tiie chii'f aj^entof tiie company 
 In Canaihi, named as such in the power of attonu'y iiereinafter 
 ivt'erred to, l>y wiuitevei- name lie is designated ; 
 
 if.) The expression "chii'f agency means the principal office or 
 place of business of the company in Canada; 
 
 (ij.) The expi'ession " inland marine insurance " means marine in- 
 .surance in res])ect to subjects of insurance at I'isk upon the waters of 
 Canaiia, above the harbor of Montreal ; 
 
 (A.) The expression "Canadian policy " or " policy in Canada," as 
 regards lifi- insui'ance, means a |)olicy issued liy any company 
 license(l under this Act to transact the Imsine.ss of life insurance in 
 Canada, in faviau' of any person or persons resident in (,'anaila at 
 
 IiUcipix'la- 
 
 lion. 
 
 "Minister." 
 
 " Superin- 
 "toiulent." 
 
 " Company," 
 
 ' Canadian 
 ' company.' 
 
 Agent." 
 
 "Chief 
 " agency." 
 
 " Inland 
 
 " ni;irine insu- 
 
 " ranee." 
 
 " Cana(han 
 "policy." 
 
■r 
 
 136 
 
 An Act RKsi'EfTiN(i Tnsi'haN(;e. 
 
 " rolicy-hol- 
 
 " dcr in Cann- 
 
 "da." 
 
 •' Canailiail 
 
 " |)iilicy." 
 
 " I'olicy in 
 
 " Cana<la." 
 
 " License." 
 " I'olicy." 
 
 till' time wluMi siK'li |)i)li('y was issui'il.and " jiolicy-lnildir in ('uimila 
 UH'tiiis any siu'li pcfsmi as at'orcsaiil : 
 
 (/.) The expression " Caiiadiaii piiliey " or " jtoliey in ('aiia<la, as 
 refjards Hro and inland marine insuraiico, moans a jioiicy of insurance 
 on any ])r(i])erty within Canada issued Ky any company licensid 
 undei- this \vt to ti'aiisaet the laisiness oF tire or inland marine in- 
 surance. 
 
 {j.) The expression "license" includes certificate of rei^nsti'atioii ; 
 
 (/.:.) Tlie ex])ression " policy ' includes a certilicate of niemliership 
 rehitini; in any way to life in.surance 4!) V., c 45, .s. 2. 
 
 7. 
 
 AI'I'I.ICATION I IF ACT. 
 
 Non-apiilica- 
 tioii of .Vcl. 
 Ocean Marine 
 Insurance. 
 
 Policies prior 
 to 22n(l May, 
 l868. 
 
 ,/.v fo irrtain 
 companies 
 under rroviii- 
 cial Acts. 
 
 Proviso : hcra< 
 sue It com- 
 pany may 
 avail itself of 
 t/iis Act. 
 
 3. The pi'ovisions of this Act shall not apply,— 
 
 {it.) To any company transacting, in Canada, ocean marine iiisui 
 ance exclusively ; or — 
 
 (/>.) To any policy of lifi- insiii-ance in Canada, issued previously 
 to the tWLMity-secinid day of May, in the yeai- one thousand eio'lit 
 liundn 1 and sixty-eiii^ht, hy any company which has not suhse- 
 (piently receiveij a license : or — 
 
 (r.) To (toy conijxiiii/ i iiciiriiiirnlnl hi/ mi A<l af the /j<yi.'<liifiirr 
 of flic hifc Pi'or'nici' of ('(I iKidii, or l>i/ on Art of llic Ldj'iKlnl n ir of 
 oiii/ Proi'i iiir Dotr foiniiiiiif pa rf of ('a iKtifa, ii'li n/i cu rr'ivx mi l/n 
 hn.su)i'.'<.'< of l.ii.'<ii nmvc, n'/iolli/ ivllhin tlir liiuil.'^ of fliot Pritr'i iicr Itij 
 fhf Liyidatare of which if ((v^*.■ invoriiorntcd, a ml irh'ich 'iKic'itlini 
 fhc c.vclasire coxfrol of flic Ijcii'i.tlnl iirc of such Pronncc; fnif nn;/ 
 .s'ccA coiiipiiini null/, III/ Icorc of flic Gorcriior i n Con iicU, on cmn- 
 pljIliKJ K'ifh flic /)rorif<i(iii.s (if fh'in Acf, nco'il ifscff af fhc jii'ori.sioiix 
 of fhis Act, Olid if it •^•o urn its if.xcif, the /irorisioii.-< of this Act shiill 
 flicrciiffcr (i/>/>li/ fo it, (iiut .such, coiii/kiuij i^liiiff hiirc flic poiccr of 
 tranndcfi III/ ifn fmsinei^n of in.sorancc fhroaijhoiit Cdiuiilo. hi K., 
 
 C. )IH, H. I. ' 
 
 LICE\SK.S. 
 
 What compa- 4-i Xo Company or per.son, except as lu'i-einaft"!- pro\ided, shall 
 
 nics or per- accept any risk or issue ;iny ])olicy of tire or inland marine insiuvinte 
 
 sons only may ^^^. p„ij(.y ,,f' \\|(^^ insiu'ance. or "'rant anv annuity 'u: a life or livi's, or 
 
 transact life, i . •' . " ' i • ' r i-r ,. 
 
 tire or inland receive any prenuuiu, or cai'iy on any laisiuess ot iiie or lire m- 
 
 inland mai'ine insurance, in Canada, — dv prosecute or maintain ,ui\ 
 suit, action' oi' proeeedino;. either at law m' in e(|uity.or tile any el.iiin 
 in insolvency relatino- to such laisiness, withoutj first olitaininn' .i 
 license from the Mini.ster to carry on such laisiness in Canada. I'l 
 V^., c. 45, s. 4. 
 
 marine 
 insurance 
 liusinoss in 
 Can.ada. 
 
 9. II 
 
 Form and 
 duration of 
 license. 
 
 5. 'I'he license shall he in such form as is, from time to time. d. 
 termined liy tlie Minister, and shall specify the laisiness to lie canii'l 
 on hy the ciaiipany ; and it shall expire on the thirty-lii'st day "l' 
 March in each year, liut sladi he iciiewaMe from year to year. I" 
 V. c. 45, s. 5. 
 
 License to g, '|'li,' Minister, as soon as the company applyino^ for the saiiie 
 
 issue on cer- j^.^^^ dejiosited in his hands the .securities heiviiial'Ler mentioned, ami 
 tain concli- i . , . i? ii ■ » i. i n • 
 
 lions only. has otherwise coniorined to the re(|Uireuieuts or tins Act, sliall issiu' 
 
 such liceuac as aforesaid. 4f) V., c. 45. s. (J. 
 
V 
 
 As Act KKsi'Kci'iNd Insikance. 
 
 i:{7 
 
 DKI'OSirs I'd ItK MADK liKl'OliK TIIK ISSfK OK I.K'IONSK. 
 7. l"lv('ry t'oin|)iiiiy caiTyiiiif on tlif luisincss of life iiisurMiicc, and Doposit of 
 
 y„ 
 
 (Nciy (-"iiiuuliun t'()m])aiiy cui'ryiii^' on the liiisincss of lire or of inlam 
 
 III 
 
 SL'CiiriliL's 
 witli llio 
 
 Ic'i ami 
 
 ( I \ V (LIUII t KLII L I 'II I I Id 1 1 \ 1^1 LI 1 > 1 1 IIJ I II I lin\ I iltr>l III Dr> 1/1 III\WI III llllllllil ., 
 
 . • Willi 
 
 iniriuc insurance, or of liotli conihiiKdl, shall, licforc tlic issue of sucli Miiii^i^., 
 iccnse, deposit with the Minister, ill sueli sceiiritirs asiire hereinafter in wliat 
 iiii'iitioiied, the sum of tifty thousjind dollars; and every coiiniany in- •'"'"">"i' 
 corporated or le^nilly formed out of Canaila, cirryinj; on tho Imsi- 
 ness of lire or of inland marine insurance, or of liotli coiiiliined, shall, 
 hefore the issue of such license, deposit with the Minister, in such 
 securitioH as are hereinafter nientioneil, the sum of one hundred 
 thousand dollars. 4!) V., c. 45. s. 7. 
 
 8> All such de)iosits may he made hy any company in securities of 
 the Dominion of Canada, or in securities is.sued hy any of the I'l'o- 
 \ iiices of ('ai\ada; and liy any company iiiC()r])orated in the Uiiitei! 
 Kiiie'dom in securities of the I'^niteil Kiiii.,'doiii : and liy any comjiany 
 incorporated in the Tnited States in securities of the I'nited .States; 
 and the value of such securities shall he estimated at their market 
 \alue at the time when they are so deposited : 
 
 2. If any securities other than those alioxe mentioned are otfereil 
 as a- deposit, they m:iy 111' accepted, at such valuation and on such 
 conditions as the Tre.-isury lioard directs: 
 
 .■}. If the marUet value of any of the securities which have heeii 
 ilejiosited liy any comjimiy declines lielow that at which they were 
 ilejiosited, the ^liiiister may notify the com[)any to make a further 
 deposit, so that the market value of all the securities deposited liy 
 the company sh.ill lie ei|ual to the amount which it is reipiired hy 
 this Act to deposit; and on failuri' hy the company to make .such 
 further deposit within sixty days afti'r heinrf called upon so to do, 
 the Minister may withdraw its license: 
 
 4. Any company licensed under this Act may, at any time, deposit 
 ill the hands of the Minister any f\ii-ther .sums of money or s(>cui'ities 
 lieyond the sum hi'rein rei|uired to he de])osited: and any such 
 further sums of money, or securities therefor, so dejtosited in the 
 li.iiids of the Minister, shall he held hy him and he dealt with accord- 
 iiie; to the ])ro\isions of this Act in respect to tlii' ori<.;'inal sum 
 I'eipiired to he depisited hy such company, and as if the .same had 
 lieeii ]iart of such ori!.''inal dejiosit, and no part of such additional 
 di'posit shall he witlnlrawn, unless with the sanction of the tlox'ernor 
 ill ("oiincil, on the I'ejiort of the Treasury lioard. 4I> \'., c. 45, s. .'S. 
 
 Naliiri' of 
 sei'iiriliL'S. 
 
 CoiiiiLinifS 
 in U. K. 
 ('ciiii|)anic'S 
 ill U. .S. 
 X'aliialion of 
 siicii .securi- 
 ties. 
 
 N'aluatidii of 
 otiier securi- 
 ties. 
 
 If the value 
 declines, fur- 
 ther (U'liosit. 
 
 Penalty for 
 failure. 
 
 Company 
 ni.iy (le|iosit 
 further .se- 
 curity. 
 
 1 low Id be 
 dealt with. 
 
 9. If it appears from the annual statements, or from an examina- .\ny deilci- 
 
 tioii of the affairs ami condition of any company carrying' on the '■'.'•''>' "' ^^'^"' 
 
 luisine.ss of tire or inland marine insurance, that the re-insurance [,',;J,i^."m,','„i 
 
 \aliie of all its risks outstandino' in Canada, tooetlier with other lia- hy lire and 
 
 hilities in ('aiiada, exceeds its as.sets in Canada, iiicludinj;- the deposit '"'•i"'' marine 
 
 ill the hands of the .Minister, the comp.any shall he notilied hy t\\v. """I''"'"-"- 
 
 .Minister to make oood the deticiency ; and on its failure so to do, renaliy lor 
 
 within sixty days after heino- so notilied, he shall witliilraw its ilcfault. 
 license. 4!)" v.. (•'. 45. s. il. 
 
 10. If it ajipears from the annual statements, oi- from an examina- Any dcfici- 
 tinii, as provided for hy this Act, of the atliiirs and condition of any ^"'"y "f ■•*'-'cu- 
 t"he husiuess of life in.-^urance. that its liahilities "■"> ''>' ""'^'' 
 
 iiiiiipany carryiu'.'' on 
 '7 
 
 com])anics to 
 
138 
 
 An Act RKSi'KCTiNd [nsi'uanoe. 
 
 be mailf ^;<ii)(l 
 by them. 
 
 IVnalty 
 for (lelaiill. 
 
 As to com- 
 pany incorpo- 
 rated else- 
 where than in 
 Canada. 
 
 Deposits and 
 assets to be 
 vested in 
 trust. 
 
 Trust deed 
 and dealing 
 with assets. 
 
 Provision as 
 to I'OMipanies 
 which gave 
 n It ice before 
 31st .March, 
 1878. 
 
 Release of sur- 
 plus securities 
 to such com- 
 pany. 
 
 Interest on 
 securities — 
 when to be 
 p.ayable to 
 company. 
 
 to [)()licy-li(»lil('fs ill C'juiiidii, iiifltnliiio' iii(itiirc(l cliiini.s, and tlu' lull 
 rostjrvo or ro-iiisni-iiiu'c value for oiitstainliii^' policies, as liereiiiat'ter 
 (le.scrilxMl, at'tef (Icijtietiii;,' any elaiiii the cniiiiiaiiy lias a^^fjiiiist stich 
 policies, exceed its jissets in (,'anaila, iiicltidiiio; the deposit in tlir 
 hands oF the Minister, the company shall liej-alled upon hy t'.ic 
 Minister to make oood the detieiencv : and on its Failure so to dn 
 within si.\ty days, he shall \vitli<lia\v its license: 
 
 2. If any such comptiny as is mentioiKMl in this and the next pre- 
 codiiifj section is incor])orated or leo-ally formeil elsewhere than within 
 Canada, the assets in Canada as aforesaid shall lie taken to consist 
 of all deposits which the com|)any has matle with the Minister uiuler 
 the fore^roin^f provisions of this Act, !iii<l of such as.sets as littve heeii 
 vesteil in trust for the conipany for the purpo.ses of this Act, in two 
 or more persons resident in C.inailn, appointed hy tin' c<iiii|iany ami 
 a])])roved l>y the Minister: 
 
 H. The trust deed .shall Hrst he ap]iroved n\' liy the Minister, and 
 the trustees may deal with such assets in any manner jirovided hy 
 the ih'vA of trust appointiiio- them, hut so that the \alue of the assets 
 held hy them shall not fall lielow the value re(|uired l>y this .section ; 
 
 4. In the case of any such life insui'ance company, which <^;i\i' 
 written notice to the Minister liefore the thirty-Hist day of Maicli. 
 in the year one thousand eioht hundred and .seventy-eio'ht, of its in- 
 tention to avail itself of the proviso contained in section se\eii (if 
 "The ('niisolidtilnl I xxii I'ti nee Art, /.S'/7^,'the f(a'eo"oiiiii' rei|iiii'enients 
 of this section shall not a[i])ly to policii's i.ssui'd iireviously to that 
 I late : iiml the tleposit of such conipany, which was in the hands of 
 the Minister, on the twenty-eighth day of Api'il, in the year oih' 
 thousand eii^ht hundred and seveiity-se\-eii, sliall he dealt with in le- 
 giinl to sucli policies, in conformity with the fourth and liftli sections 
 of the Act passed hy the Pai'liament of Canada in the thirty-fourth 
 yoiir of Her Majesty's reiyii, and intituled: "x{ii Art Id (Hiu'ikI tin 
 Act rcNjirct i iH/ I tisii r<( life Cdik /m u Ick; " and whenever the full lia- 
 hility uinler such policies ialls helnw the amcaiiit so held ly tli'' 
 Minister, he may with the eoiieurreiice df the Treasury linard, dinet 
 tliat the whole or such portion of the diH'erenee as he deems advis- 
 alilo, shall he reletised an<l handed over to the company, and so on, 
 from time to time, initil the total deposit with the Minister is reduced 
 to the amount of tifty thcaisaiid <lollai's reijuired hy this Act. 4!t V., 
 c. 45, s. 10. 
 
 II. So loiio- as , -my company's dep<isit is uiiiiiqiaiied. and the con- 
 ditions of this Act are .satisfied, and no notice of any liiial judoincnt 
 against the conipany, or order made hy the ]iroper court in that 
 hehalf for the winding-u]) of the coni])!Uiy (U" the ilistrihtition of its 
 assets, is served upon tlie Minister, the interest upon the securities 
 forming the deposit shall he handed over to the coni[iany as it falls 
 -luc. 4!) v., c, 45, ,s. ]1. 
 
 15. 
 
 DOCUMENTS I'd UK KlI.El). 
 
 Documents to '^' ^-^'^''T <-'onipaiiy shall, hefore the issue of a liceii.-ie to it, file ii 
 be filed. the Depai'tiiii'iit of Finance, — 
 
 Copy of ("•) A copy of the diarter. Act of iiicorpoi'iition, or articles n 
 
 charter. association of the coiiijiaiiy, certilied hy the proper otlicer in chargi 
 
 of the original thereof : 
 
 16. 
 
An Act REsi-ECTiNfi Insurance. 
 
 130 
 
 (/<.) A |)(i\vcr(il" iittiniii'y tVoiii l.lic ('(HiipHiiy to its tif^'ciit in Ciumdii., I'nwcr of nt- 
 iimlcf till' sciil ol" tlif (•<>niiiitii\', it' it lins ii si-iil, lUid siiriicij liv tlic '"""'>'.'" 
 
 ' ' . • lltJl'Mt 11) 
 
 |iirsi(lciit uiid srcri'tai-y or otlii-i' in'opcr otJicci's tlii'rcot', in id'csciicc canailn. 
 Ill' u witness, who sliiill lufikc ofitii or iitKrimition as to tlic dut' 
 rxccntion tlid'col': ami tin- otlicial |iosit,ions in tlic (-(jiniiaiiy iiclil liy 
 the otliccrs si^iiin^f sncli iiowcr of attoi'ncy sliall 1m' sworn to or 
 .■illii'nic<l liy sonic jx'i'son coffni/ant of tlif facts nt'ccssury in that 
 lichalf : and — 
 
 (c.) A statement, in snch form as is re(|nirei| hy tiie Minister, of 
 tlic condition and ati'airs of sucli company on the thirty-first day of 
 I )cccnd(cr then next preceding, or \ip to the nsnal Ipaianciiif^ day of 
 the company, if sucli day is not more than twelve months liei'ori' tlie 
 lilinc; of the statement. 4!) V., c. 45, s. 12. 
 
 .Slalcnient of 
 nrt'airs nf com- 
 p.lny. 
 
 I 
 
 I3> Snch powci' of attorney shall declare at what phicct in Canada What the 
 the head office, or (diief ac'ency of such company is or is to he i«>wcr of at- 
 cstalilislicd, — and shall ex])rcssly authorize sntdi attoi-ney to receive coniam'""^ 
 .service of process in nil snits and proceeilin<fs a^'ainst such company 
 in any Province of Canada, in ret-pect of any liahilities inciu'rcd l)y 
 the com[iany therein, and also to I'cccise from the Minister and the 
 superintend(!nt, all notices which the law re(inires to lie ^iven, or 
 which it is thono-ht advisable to "ivc, — and shall declare that service i>r„vi.sion to 
 iif process for or in I'cspcct of such lialiilitics, ami receipt of such be made for 
 notices, at .such ofHce or chief agency, or personally on or hy .such ^"^''c<-* "f 
 attoriH'y at the ])lace whei'c such head office or chief affency is i"^"'^'-'*''" 
 cstalilislicd, shall lie Ic^d and liindino- on the company to all intents 
 iind purjioscs whatsoever. 41) V., c. 45, s. \'.i. 
 
 If changes 
 are niacle in n 
 cliiof agency. 
 
 Ileelaration of 
 no change to 
 be made in 
 charter, &c. 
 
 14. Whenever any such com])any chanj^es its cliief a^ent or chief 
 ii(f(.|icy in Canada, snch comjiany shall tile a ])ower of attorney, as 
 lici'ciuliefore mentioned, cont.iinin^ any such chanj^e or changes in 
 such respect, and containing a similar declaration as to servici^ of 
 jiroccss and notices as hercinlieforc mentioned : and every company 
 shall, at the time of maUino- the animal statement hereinafter pro- 
 \ ided for, declare that no chanjife or amendment has lieeii made in 
 the charter. Act of incor])oratioii or ai'ticlcs of association of the 
 (oiiipany, and that no chanoc' has liceii made in the chief agency or 
 chief agent, witluait .such amendment ov clianoe having been duly 
 notified to the superintendent. 4!* V., c. 45, s. 14. 
 
 15. Duplicates of all such documents, duly verified as aforesaid, Duplicates of 
 shall lie Hle(l ill the office of one of the superior courts in the Province «"ch docu- 
 in which the head office; or chief agency of the company is .situated, — 
 iir if the chief agency is in the Province of (i)uel)ec, with the pro- 
 tlionotary of the Superior Court of the district wherein such chief 
 
 agency is estahli.shed. 4!) V., c. 45, s. 15. 
 
 .SEUVK'K OK ('(l.MI'AMKS WITH I'ltOCE.SS. 
 
 16. After sucli power of attorney and certified copies are filed as Service of pro- 
 .ifoicsaid, any proct'ss in aii}' suit or }iroceeding against any such cess on com- 
 (ompany, in respect of any liabilities incurred in any Province of '''^"^' 
 Canada, may be validly served on the company at its chief agency ; 
 
 Hiid such .service .shall be deemed to be service on the company : 
 
 ments to be 
 filed in court. 
 
 
 
 1 
 
 .km 
 
 kl 
 
^^ 
 
 140 
 
 t"onsliiii:livf 
 service of pri) 
 cess. 
 
 Coiiipany In 
 nivc nolicc nf 
 license. 
 
 And i)f ce.-is- 
 in^j liiisiness. 
 
 Notices l)y 
 Minister of 
 ('f)nipnnies 
 licensed. 
 
 An Arr Ui:si'i;(riN(i iNsritANcK. 
 
 2. li' stich powt'i' of iittoiiicy 1 )('(■( micN itivuliil or iiifll'fctivc I'ldin 
 any ri'usoii wimtsocvcr, or it' otlicf .si'i'vicf ciuiiiot lie circctctl, t.lic 
 coiift of II jii'lni' limy onlcf constnictivi' scfviet' of iiiiy process nr 
 jirocccdiii^r to lie iiiiidi', liy siicli |>iilili('atioii ns is (Icciin'il rcijiiisiti' to 
 lie iiiudc ill tilt' |ir('iiiis('s, for at li-ast oiu- iiioiiili in at least one iitws 
 jiajicr; ami siit-li |iiililicatioii shall Lf lirM |o lie (Itic scrvifc ii|i(iii tlir 
 company of siicli process or pioeci'ilinn-. Ill \'., c. 4"), s. I(J. 
 
 Ntfl'ICK (i|- MCKN'SK. 
 
 17. Every company on Hrst olitainiii<; siicli license shall forthwith 
 f,nve (hie notice thereof in the ('niiiiiln (Idzrllc, i\\u\ in at least one 
 newspaper in the county, city or place where (he head ollice or chief 
 aj^cncy is estalilished, and shall continue the piiMicatioii thereof I'ln 
 tlie space of frair weeks : 
 
 2. 'I'he like notice shall he oivcii, for the space of three calendar 
 nioiiths, when a com])any ceases, or ogives notice tiiat it intends tn 
 cease, to carry on liiisiness in Caiiaila. 4!) V,, c. 4'), s. 17. 
 
 rriiMCATKiN oi' i,i('i;\si:i) coMi-.wiKs. 
 
 18. The .Minister shall cause to he piililislnMl iniaiti'i'ly in the 
 Coiniilii (Id'.rttr a list of the companies licensed under this Act, with 
 the anioiint of deposits made hy each company ; and upon any new 
 company lieiii^ licensed, or iipun the license of any company heiiiy- 
 witlahawii in the interval hetweeii two sucli(|Uarterly statements, he 
 shall piiMish a iiotic'e thereof in the Ciimald (luicllc for the sjiace of 
 four weeks, 4lt \',, c. 45, s. 18, 
 
 ANNU.M. IIETTMINS IIV (JO.Ml'AXIES. 
 
 St.itcmciU to 
 be |)ic|i;ircd 
 ye.irly .and 
 sent to 
 Minister of 
 I'inance. 
 
 W'ii.it it iiuisl 
 show. 
 
 Form of 
 statenieiU 
 and tin.e for 
 deposit by life 
 companies. 
 Proviso : as to 
 preliminary 
 abstracts. 
 
 And by fire 
 and marine 
 companies. 
 
 19. The iiresideiit, vice-president, or manao-iiio- dircctoi', and the 
 secretary or nianuifcr of every Canadian comiiany licensed under this 
 Act, shall prepare aiiimally, under their own oath, and cause to he 
 deposited at the Department of l''inaiice, a statement of the condition 
 and affairs of such company at the usual lialanciiiff day of the com- 
 pany in the jireeediiiu; year, — which statement shall exhiliit the 
 itssets and lialiilities of the company, and its income and expi'iidituic 
 during the previous year, and such other information as is deemed 
 necessary by the ^rini.ster: 
 
 2. In the case of such companies carryino; on the husiness of life 
 insurance, such statement shall lie deposited as aforesaid on tlie tirst 
 day of January in each year, or within two iiKniths thei'eafter, and 
 shall he made in tlie form and manner .set forth in the form A in the 
 .schedule to this Act: Provided however, that a preliminary alistract 
 of the yetir's business to Decemlier thirty-first inclusive, comprisino- 
 the ca.sli premium rec((ipts of the year, the number and amount of the 
 jiolicies isstied and taken up. that are in force, and that lia\'e become 
 claims and been |)aid to that date, shall lie sent to the siiperinteiideiit 
 of insurance within the tirst lifteeii ilays of .laiiuary in each year: 
 
 S. In the case of such comjianies carrying; on the liiisiness of tin' or 
 inland marine insurance, such statement shall lie depositeil as afore 
 ■said on the tirst day of February in each year, or within one niontli 
 thereafter, and shall be made in the form and manner set forth in 
 the form B in the schedule to this Act: 
 
^ 
 
 An Act KEspKcriNd iNsriiANCE. 
 
 in 
 
 -k Siicli stitttiiii'iits sliiill III' sworn tn licfdic sdiiH' ])i'i's(iii iliily '" ''*" ■'""'i' 
 iiutlinrizcil to fuliiiiiiistcr oiitlis in iiiiy Iron) iii-occiMliii^', in \\\r t'oiiii (' "' 
 ill tlic sclicdult' to tliis Act; 
 
 ."). 'I'lic MiliistiT limy, From tillir to lime, nmUr slIcIl (•ll;lli;^vs in tlir Minislcr may 
 forill of such stltcllicl'lts IIS scclii to llilll l-cst ;ulu|)tnl to rlicit tVolii !,\','',''J,',!''" ''^ 
 llif coiii|miiit's II true csliiliit ol" tlicir comlitioii in respect tu tlie 
 sevenii |Kiints lierciulierore enuiiiemted. 4!* \'., c. 45, h. 1!). 
 
 20« KxiT}' COIII|iU!iy incor|lonite(l or le^rally i'ornieii elsewliere tlinn NCarly slate. 
 
 ill ('aniKlii, mill lit iii'e.seut licensed or liereiiFter licensed under tin's 'nfnis liy omi- 
 , . , ' I • I ' 1 • i 1 ii • ■ 1' J I • panii's innir- 
 
 Act, iiiid every coiii|i!iiiy wliicli is siiliject to the provisions ol tins „,rntiil cIm'- 
 
 Act, slmll inaUe iinnuiil stateiiieiits ol' its condition and iitl'airs under wlun- than in 
 
 the oath of its chief a;,'eiit, and shall furnish the same to the Minister ' •m;"!'?' 
 
 at the same time as Canailian companies; and the form and manner 
 
 of making of such statements shall, as to the ( 'anada luisiness of 
 
 such company, he the same, so far as a|)plicalile, as is re(|uire(l of 
 
 ('aiiadian coiii])aiiies, — and as to its jreiieral luisiness, shall he in such 
 
 form ami to such date as such company is re(|uired l»y law to furnish 
 
 to the ( io\-eriiiiieiit of the country in which its lieail otHce is situate, 
 
 in a separate schedule attached. The lilaiil< forms of the statements lilanU fumis 
 
 of the Canada luisiness shall he furnisheil in diiiilieate li\- the sutler- •''^ '." <':"iiiila 
 
 inteiideiit. 4!> \ .,c. 4o, s. 20. 
 
 IHlsnH'.S.S. 
 
 I'ENAI.TIKS .\NI) Folll-KniKES. 
 
 21. I'lvery coiii]iaiiy which violates any provision of either of the IVnaliy for 
 two .sections iie.xt i)recediii<r shall incur a iieiialty of five hundred y'"''^""" "• 
 
 I II L- 1 • I !• 1 1 I'l- I iL L' I II '"" ■"^■'*' \"<^- 
 
 cvi\\i\^ sec- 
 
 dollars for each violation, and an additional penalty i>f one huinlrei 
 dollars for eacli inoiith ilurino' which any such company nej^'lects to i'<"is- 
 mak(^ suoli ]mlilicatioii or to tile such atHda\its and stateiiiciits as are 
 
 therein reipiired 
 
 2. If such penalties are not paid, the Minister, with the concur- 
 rence of the Treasury I'xiard, may order the license of such company 
 to lie suspended or withdrawn, as is deuiiied expedient. 4!) V., 
 c. 45, s. 21. 
 
 Witliiliawal 
 (if liiciisc for 
 non-|iaynK'nt 
 iif penally. 
 
 22. I'Aery person who ili'li\'ers any [lolicy of insurance, or interim 
 receipt, or who collects any jireiiiiuiii (except only on policies of life 
 insurance i.ssued to persons not resident in Canada at the time of 
 i.ssiie) or carries on any husiiiess of insurance on Ixdialf of any life, 
 lire or inland marine insurance company, without such license as 
 aforesaid, shall, on .summary conviction thereof, hefort; any two 
 justices of the [leace or any mafiistrate lia\iii^' tin; powers of two 
 justices of the jieace, for a first oti'eiice, incur a [lenalty not exceeding' 
 lifty dollars and costs, and not less than twenty dollars and costs ; 
 and in default of payment the offender shall lieliahle to imprisonment 
 with or without hard lahor for a term not exceeding' three nioiiths 
 and not less than one month ; and for a secoml or any sulisi'ipieiit 
 offence such oti'ender shall he imprisoned with hard lahor for a term 
 not exceeding six months and not less tliaii three iiiiaiths : 
 
 2. One-half of any such penalty, when recovered, shall heloiij^ to 
 Her Majesty, and the other half thereof to the iiifornier. 49 V., 
 c. 45, s. 22. 
 
 I'dially f(ir 
 i.ssiiinf; any 
 policy in con- 
 travention of 
 lliis Act. 
 
 I'irsi ofTence. 
 
 Second or 
 .sul>sci|uont 
 oUciice. 
 
 Aj)plication 
 of penalty. 
 
 23. All iuforuiations or complaints ftir the prcsecution of offence.s Limitation of 
 
142 
 
 An Act HEsi-Ktrixu Insimiance. 
 
 lime for pnisr 
 ciilinn. 
 
 I.iniilntioii of 
 lime cif (Uir.i- 
 liiiii iif s|)fciiil 
 Acts. 
 
 iimliT tln' pioviHioiiH of si'ctiniis twenty -two, twi-ntv-fivr nml t'nrty- 
 ( W(i nl' (Ills Act, sliiill lie litiil or iimilt- ill writiii;,' witliiii oik- year 
 after tile (■oiiiiiiissiiiii nl' the (itliiiee. !■!> \',,'i'. 4'), h. 2'], 
 
 24. I 'iiless otlierwise provideil ill the speciiiT Act iiicorporatiii;^' 
 liny iiisiiraiice cniii|>jiiiy, |)iisse(| Ky tlie I'arliiniieiit nt' ('aiiinlii iil'ter 
 the tweiity-ei^'hth iliiy of April, one thonsaml ei^'ht hiimlreil iiikI 
 Hovctity-soveii, or hereafter to lie pusseil, such special Act ami all 
 Acts aiiiemliiijf the same shall expire an<l cease to he in lorce at the 
 expiration of two years from the jiassiii^f thereof, unless within siich 
 two years the coiiipaiiy thereliy iiieorp(a'ate<l ohtaiiis a license from 
 the .Minister under the provisions of this Act. 4!1 \'., c. 4'), s. 24. 
 
 SI!|'KlllNrKNI»KN'r ANIi Ills DI'IIK.S. 
 
 Sii|>erintcn- 
 (loiit of iiisu- 
 rancv ; ap- 
 |i<)inlmi'iU 
 and (iiilius. 
 
 Salary. 
 
 Ofticors ami 
 clerics. 
 
 Duties of 
 
 superinleii- 
 
 (Icnt. 
 
 Kntry of 
 
 sc'cnirilii's 
 
 (l(.'|IOsilCll. 
 
 Report l)efore 
 issue of 
 licenses. 
 
 Record. 
 Ir.spoclion of 
 affairs. 
 
 Report to 
 Minister of 
 Finance, for 
 I'arlianicnt. 
 
 Provision if 
 superinten- 
 dent considers 
 further 
 
 ini|uiry neces- 
 sary as to any 
 company. 
 
 25« The ( iovernor in Council may appoint an oflicer, to he calle(| 
 the superintendent of insurance, who shall act under the instriictions 
 of the .Minister, and shall examine and report to the .Minister, from 
 time to time, upon all matters ctaiiR'ctcd with iiiHuraiice, as carrie(| 
 oil liy the several companies licensed to <lo hiisiness in ('anada, or 
 rcijiiired hy this Act to make returns of their aMiiirs : 
 
 2. Such superintendent may he appointed tit a salary not excccdin^r 
 f<nir thousand dollars per annum : 
 
 '\. 'i"he (Iovernor in Council may, from time to time, appoint such 
 oHicers and clerks umier the superintendent, as are necessary for the 
 purposes of tins Act : 
 
 4. 'I'he su|ierintendeiit shall keep a record of the several documents 
 reipiired to lie tileil liy each company in the superior courts of 
 (-'anada, under this Act ; and shall, — 
 
 {(I.) Kilter in a hook, under the hoadinf^ of eiicli company, the 
 securities deposited on its !icc(aiiit with the Minister, naniiiio; in 
 iletail the several securities, their par value, and value tit which they 
 are received as deposit ; 
 
 (/>.) Ill each case, hefore the issue of any new license, or the 
 I'eiiewal of any license, make a report to the .Minster that the ro- 
 (piireiiieiits of the law have hecii complied with, and that from the 
 statement of the atl'airs of tlu^ com]).iiiy it is in a condition to meet 
 its liahilities ; 
 
 (c.) Kee}) a record of the licenses tis they are issued ; 
 
 ((/.) Visit the head otKce of each company in ('anada at least once 
 in every year, ami examine carefully the statements of the condition 
 and affairs of each compjuiy, as re(Hiire(l under this Act, and report 
 thereon to the iMinister .as to all matters reipiirino; his attention and 
 decision ; 
 
 (('.) Prejiare for the Minister, from the said sttiteiiieiits, tin annual 
 report, showing the full particulars of each coinjiany's laisiness, 
 to^retlier with an analysis of each hraiich of insurance, with each 
 comjiany's name. ori\in<f items, classified from the statements maile 
 hy each C(Miipany : 
 
 5. Jf the superintendent, aftt^r a ctireful examination into the con- 
 dition and atliiirs ami laisiness of any company licensed to tian.sact 
 husiness in Ciinada, from the iinnual or other sttitements furni.slied 
 by such company to the Minister or for any other caase, deems it 
 necessary and expedient to make a further exaniinatitai into the 
 atiairs of such company and .so repeats to the Minister, the Minister 
 
I •II* 
 
 An Arr lUlsPKrTINU iNSI'ltANt'K. 
 
 148 
 
 limy, ill his ilisci-ctinii, iiisinicl tlic sii|icriii(cii(iciit tci visit, tin- nllicc 
 (if siifli (■(iiiipiuiy, to tlii)ri)ii;^r|||y ins|M'('t hihI rxiuiiiiit' iiitu all its 
 iitUiirH, 1111(1 to iiiiilvi' all swell i'lirtlici' iii(|uiri('H hh arc ni^c'cssuiy to 
 iisccrtaiii its coiidition ami aliility to ini'i't its ('iif,ni;i;('iiiciits, ami 
 wlictliiT it lias (■(iiii|ilinl svitli all the ja'ovisioiis of tliis Act apjilicalilc 
 to its tniiisactioiis : 
 
 (i. Till' olliccrs or iiffi'iits ol' such coiiipaiiy shall caiisi' their hooks 
 to he o|)('ii for the iiis|ii'ctioii of the HUpcriiitciiilciit, ami shall other- 
 wise facilitate such eNaiiiiiiatioii so far as it is in their ]io\ver, ami 
 for that |)iir|)ose the siijieriiitemleiit may examine under oath the 
 olliccrs or aj^eiits of such com|iaiiy relative to its liiisiness; 
 
 7. A report of all companies so visited \>y the siiperiiiteiideiit shall 
 he entered ill a liooU kept i'or that purpose, with notes and llieino- 
 riindii showing' the condition of each company after such investi^'a- 
 tioii : and a special repia-t shall he coiiiiiiiiiiicated in writing,' to the 
 .Minister, statin;!,' the snpi'rinleiideiit's opinion as to its staiidiii;,^ .iiid 
 (inancial position, ami all other matters desirahle to l>e made kimwii 
 to the Minister : 
 
 8. If it apjiears to the siiperinteiideiit that the HHHcts of any cian- 
 |pany are insiillicieiit to justify its continuance of hiisiness under the 
 rei|uirenieiits of sections seven, ei;;;ht, nine and ten of this Act, or 
 that it is un.safe for tlie puhlic to ettect insurance with it, lie shall 
 make a special report on the atl'airsof such cnmpany to the Minister; 
 and if the Minister, after full consideration of the re|ioit, .'iiid after a 
 reasoiialile time has \\vvn jfivcii to the company to he heard liy him, and 
 upon such further impiiry and iii\('sti;,;'ati(ai as he sees proper to make, 
 icpoi'ts to till' ( lo\ I'l'ijor in Ccaincil that he aerces with the superinten- 
 dent in the opinion s(j expressed in his report, the ( Jovernor in (Jonncil 
 may, if he also concurs in such opinion, suspend or cancel the license 
 of such company ; and such (•laiipany sh.ill, diiriiie' such suspension 
 ol- cancellation, he held to he iiiiliceiised and iiiiauthori/ed to do 
 further husiiiess : 
 
 !•. Hvery person w ho, al'ter iiotitii-alion of the siispeiisicai or caii- 
 <-ellinj;df such license in the Cuintdii (iir.r/lr, ihA'wcvs any policy of 
 insurance collects an_\' premium or transac-ts any husiiiess of insur- 
 ance, on helialf of such C(aiipaiiy, shall he liahle to the penalties 
 provided for in the twenty-second section of this Act: 
 
 10. Once ill e\'ery li\c years, or ofteiier, af the rliscretiiai of the 
 Minister, the superintendent shall himself \;diie, or procure to lie 
 valued under his superxisioii, the Canadian policies of life insurance 
 oi' all ccaiijianies licensed under this Act ti> Liansact the husiiiess of 
 life insurance ill ( aiiada ; and such valuation shall he hased (ai the 
 mortality talile of the institute of Actuaries of (ireat IJritain, and 
 lai a rate of interest at four and <aie-half jicr centum per annum, 
 cxce})t in the ca.se of lioniis additions or ])rotits accrueil la- declareil 
 lief(a-e the twenty-eighth day of Ajail, one tlaaisaml ei^lit hundred 
 and seventy-seven, and then valuetl on the iiasisof a rate of intere.st 
 other than that aho\-e meiiti(aied, which, in any such \aluatioii, shall 
 continue to lie valued on such other hasis : 
 
 1 1. The Minister may, from time to time, instruct the su]ieriiiteii- 
 deiit to \isit the head otlice of any coiiipaiiy licensed under this Act 
 and incorporated or legally formed elsewhere than in Canada, and to 
 examine into tlu^ i^ciieial condition and atl'airsof such company; and 
 if such coiii|iany declines to permit such <'xamiiaitiiai, or refuses to 
 
 HiMikh Id 1)1'- 
 
 i)|ifn tiiinspcc- 
 tiiin. 
 
 Ki'fdid of in- 
 spfction niul 
 rf|i()rl. 
 
 .S|i(.ri;il re- 
 |M>rt it llie 
 (•i>iii|iaMy .u)- 
 ptMrs unsafe. 
 
 I'riici'cclinjjs 
 iIktcom. 
 
 .SuspfMsiDii iir 
 (■anifllation 
 of liconsL', 
 
 I'l'Mally fur 
 caiiyinj; (Hi 
 liiisiiu's-, in 
 siicli case. 
 
 \aliialiiiii of 
 Caiiailian 
 polic'ii'-, every 
 live years. 
 
 liasis of 
 valiialion. 
 
 |-.\aiiiinalioii 
 of allairs of a 
 coni]iany out 
 of Caiuiila. 
 
144 
 
 I'aynicnts l)y 
 cimipanics 
 towards ex- 
 |KMises of 
 ot'ficc of super- 
 inlciidcnt. 
 
 ('(inlrilmtion 
 by tire and 
 marine com- 
 panics 
 linulcd. 
 
 Superinten- 
 dent, &c., not 
 tulieinterested 
 in any com- 
 pany. 
 
 Annual report 
 for I'arlia- 
 iiient- 
 
 I'rovisions ap- 
 l)lic;i'i>le ID lile 
 companies. 
 
 Conditions 
 not set out in 
 full on tlie 
 (lolicy, to lie 
 void. 
 
 As to state- 
 ments in 
 application 
 for policy. 
 
 Withilrawal 
 
 of license for 
 non-pi.ynient 
 of claims. 
 
 An A("r Rt:spE(TiN(i Ix.sruANcK. 
 
 <^iv(' any iiiforinatidii iiccos.siiry Fur siicli ])Uf|i(isc, in its possession of 
 control, its lici'ii.sc sluill lie \\itii(lrfi\vii : 
 
 I "2. I'iVcry conipanv now licensed, and ever;^ company liei'efit'tef 
 licensed under tliis Act, and es'ery ctaiipany tran.sactin^ life insurance 
 laisine.ss under tlie thii'ty-second section of this 7\ct, sluil! annually 
 conti'.lmte n sum in proportion to the ^ross premiums received hy it 
 in Canada (hiring; the i)revious year, towards defVayinf,' the expenses 
 of tile otlice of the sui)eriiitendeiit, — which .sum shall he paid U])oii 
 the demand of the superintendent: 
 
 Kl TIk^ sum to he contrihuted annually l>y coni[ianies carryin<i' on 
 the Imsine.ss of Hre or inland mai'ine insui'anco in respect exclusively 
 of such liiisiness carried on hy them shall not ex(!ee(I in all eii^'lit 
 thousand dollars. 
 
 14. The superintendent, or any officer or clerk under him, shall 
 not, directly or indirecth', he interested as a shareholder in any in- 
 surance compan\' doin^' Imsiness in CiUiadii, or licensed under this 
 Act : 
 
 15. The Minister shall lay the superintendiMit's annual rejiort he- 
 fore Parliament within thirty dfiys after the coumieiicenient of each 
 session thereof. -!■!• \'.. c. 45, s. 25. 
 
 I'KOVISIONS J!i:i,.\TIN<l TO l.ll'K INSIHANOE. 
 
 26> The pro\isions of sectiniis twenty-se\ en to forty-three, hotli 
 inclusive, apply oidy to life insurance companies and to other iiistn'- 
 ance com])anies carrying on life an<I other instu'ance, only in so far 
 as ri'lates to the life insurance laisiness of such compiUiies. 4!) \'., 
 c. 45, s. 2(i. 
 
 Ctnldll nrilN <nl I'al lews. 
 
 27. No ci>nilition, stipulation or ])roviso modifyint^ or inqiaii-iui;' 
 the efi'i'ct of any policy or certificate of life insin'aiice i.ssued after the 
 Hrst <lay of .laiiuai-y, one thousaml ei<;'lit lnnidre(| and eio'hty-six, hy 
 any com]>any doiny- laisine.ss within Canada under the authority of 
 the Parliament of ( 'anada shall he o'ood or valid inde.s.s such condition, 
 stipulation or proviso is set out in full on tin' face or hack of the 
 ]iolicy. 4!) \'.. c. 45, s. 57. 
 
 28. Xii policy or certifjcati' shall contain or \\a\v in Ica'sed u]ion it 
 any condition jiroxidiny' that siieh policy or certificate shall he 
 axdided hy reasiai of any statement contained in the application 
 tliei'efor lieiny uutrue, Unless such condition is linnted to cases in 
 which such statement is materi.-d to the contract. 4!) \' , c. 45, s. 2.S. 
 
 Fiirff'it liv (I inl Rcucii'iil of l.irrilKf's. 
 
 29> Wlieneversatisfactoi'y proof h.-is heeii furnished to the Minister 
 of any undisjiuti'd claim upon a com]iany, arisini^' (Ui any policy of 
 life insurance in Canaila. ri'inaininy ini]iaid for the s]iace of >i\ty 
 da_\'s after I'ecomini;' due or of a disputed claim remaiiiiny unpaid 
 after final judi^nneiit in regular coin'se of law and tender of a leifiil 
 \alid discharge made to the a<fent of such company, the Minister may 
 withdraw tlii' license of such eonipans . 411 \' , c. 45, s. 29. 
 
 I 
 
 
 -i 
 
m 
 
 Ax Act RKsi-Kcnxci Ixsikaxce. 
 
 30. Sticli license may lie ri'iiewed it', within tliirty 'lays after such 
 witliilmwiil, such ntnlisputecl claims oi- tiiial jinl<fmeiits upon or 
 against the company are paid ami satisfied, 4!) V., c. 45, s. IM). 
 
 31. When the license of a ('ompuny carrying' on the business of 
 life insui'ance has lieen withdrawn liy the \Iinister tnidei- any of the 
 fore^diny' sections <if this Act, such license may he renewed if, within 
 thirty days after such withdi'awal, such company complies with the 
 re(|uirements of this Act to the satisfaction of the Minister. 4!* V,, 
 
 c. 45. s. ;n. 
 
 145 
 
 Kcp.L'wnl if 
 cl.iini is satis- 
 lied. 
 
 keDL-wal 
 i)f license. 
 
 HI 
 
 ■H >■. 
 
 1 
 
 1 
 1 1 
 
 I,i| 
 
 ': 
 
 i;i 
 
 
 ■ 
 
 
 
 
 ■ 
 
 WsF' '. 
 
 
 ( 'i)iil/i<l ilics Ct'iisiiiil to do Jiii.vi iir.'is iIikI Ri'Iciixc of DrjiOHltt^. 
 
 32. In the case of any com]»any which, ]irevi(aisly to the twenty- 
 eiohtii da}' of April, in the year one thousand ei<,dit hundred and 
 seventy-seven, wa.s licensed to ti'ausact the business of life insurance 
 in C-anada, and which ceaseil to transact such husiness ))ef(a"e the 
 tliii'ty-lii'st day of March, one thousand eii;ht hundred and se\-enty- 
 iii.dit, having liefore that date i;i\en written notice to that eti'ect to 
 the Minister, the ])reniiums due or to liecome ilue on policies actually 
 issued liefore the last-nieutioiied date, may contiinie to he collected, 
 and the claims arisiny' thereon may lie paid, and all husiness a]»per- 
 tainiiie' thereto ma_\' lie transacted, and all proceeding's a]>pertainin<jj 
 thereto, eith •)• at law or in eijuity. may l>e contiinii'il or conunenced 
 and jirosecuted : and the de]iosit'at pi'esent in the hands of the 
 Minister shall he dealt with under the law as it e\istec| pre\i(arsly to 
 the lii-st mentioned date, as if this Act had not lieen ()assed. 4!) V., 
 c. 45, s. ;]•>. 
 
 Provision fur 
 case of certain 
 companies 
 which have 
 ceased to i. c 
 new l)u.sines.s. 
 
 Notice lo 
 Minister. 
 
 I low depiisil 
 siiall lie dealt 
 with 1 such 
 case. 
 
 
 
 33i When any company licensed tniiha- this Act desires to di.scon- 
 timie husiness and to have its assets in Canada released, and i^ivi^s 
 written notice to tlmt etlect, to the Minister, it may, witii the consent 
 of the policy-liolilers, proctire the transfer of its oiitstan<lini,' policies 
 in Canada to some company or companies licensed luider this Act in 
 Canaila, or may ohtain the surrender of the policies, as far as is 
 practicalile : 
 
 ■2. 'I"he trustees may emjiloy any portion of the assets \esteil in 
 them for the purpo.se of etfectino; such transfer or siirreniler : 
 
 '\. The company shall tile with the Ministei- a list of all Canadian 
 
 pnlicy-holders whose jxilicies liaAc heen so ti'ansfi'rred or have 1 n 
 
 surrenilered, and al.so a list of tho.se which h.ave not heen traiisferre(| 
 oi' surrendered : 
 
 4. The com[)any shall, at the same time, puhiish in the Co ninln 
 Hii:i'flr a notice that it will apply to the Minister for the release of 
 its assets and securities on a certain day. not less than three months 
 after the date of t!ie notice, and callino- upon its Canadian jiolicy- 
 liolders o|)posino; sueli release to file their opposition with the 
 .Minister on or ln-fore the day so named : 
 
 •"). After that day, upon the application for lelease heino made, if 
 till' .Minister, with the concurrence of the 'iVrasury Hoard, is satisfied 
 that such transfer or surrender has heen etl'ecteil, he may direct that 
 a portion of the assets held hy the trustees, or securities held liy the 
 Minister, shall he retained, sutlicieiit in amount to co\'er the full 
 nuiitahle m-t sin'rendei' value of such ])olicies (including' hoini^ 
 additions and acciiied protits), as have not In en transferred or siir- 
 
 i8 
 
 I'owei uid 
 proce. ■ ms 
 of coinp.uiy 
 ce.isinj; Imsi- 
 ness. 
 
 Use of .issets 
 ill such case. 
 
 I.isls of poMcy 
 holilers to he 
 tiled. 
 
 Notice to be 
 piililished. 
 
 .\cUoii iheri- 
 .ifler ol 
 .Minister as to 
 disposal of 
 assets or 
 scciiriiiea. 
 
146 
 
 Ax vVcr HKSPECTINCi iNsrUANCE 
 
 TiMKlcrs 
 to policy- 
 huhlcis. 
 
 If policy- 
 holilcrs rc'fiiM' 
 the trniUis. 
 
 SiinenitiT 
 viilucs, how 
 (U'lcniiiiiLMl. 
 
 ,S|>cci;il 
 iirr.in^ciiR'iUs 
 ni;\y he iniulc 
 
 rcihU'i't^d, or ill rcspt^ct to wliicli i)])|)()sit.i(>ii liiis liccn IIIimI, uiiil mav 
 order the ri'inaiiiiii^' dsscts or securities iii'orc^siiid to lie reloasod and 
 trntisferred or jiaid o\-er to tlie coiiiiiaiiy : 
 
 (!. 'riic portion ri'taiiie(l sliail lie teiidei'cd in the niainier lierein- 
 fil'ter descrilied to tlit; aforesaid policy-holders jim mln, according to 
 the al'oresaid xaliiesoi" their respective policies : and on th<' accept- 
 ance oi' tin' anioiint so tendereil, such policies -hall therehy he 
 deenie(l to he cancelled : i»iit if such tendei' is refused hy any policy- 
 holder, the aiiKanit so tendere<l may lie paid ovei- to the company, 
 and the policy shall continue in force, and such policy-holder shall 
 not he harred from any recourse he has. either in hiw or in e(|uity, 
 ai^aiiist the comjiany to coni])el the ftdlilment of its contract inider 
 such ])olicy : 
 
 7. The stn'rendcr values aho\e mentioned shall he deternnnecl hy 
 the superintendent on the hasis stated in the twenty-tifth secticai of 
 this y\ct, and he shall collect from the conipiuiy the expenses of .such 
 valuation at the rate of three cents for each policy or honus aildition, 
 and shall pay the same to the Minister hefore the latter shall hand 
 over the securities : 
 
 N. NothiiiiL;- herein contained shall jirevent any ]iolicy-holdi'r from 
 maUiiii;' special airano'ements with the company wherehy his policy 
 may he continued in i'oice ; and, on proof heini;' ^iveii of such, 
 .iiianocnient, such ]iolicy may he omitted or removed from the ahove 
 mentioneil lists of policies, and this Act shall thei'cafter not apply in 
 res])('ct of such policy. 4!> \'.. c. f;"), s. 'V.]. 
 
 I low ihc It'll- 
 (Icr shall he 
 IlLllIc. 
 
 List .Tild notice 
 tolie piihlisheil 
 in Ciiiiaiiii 
 (.;,i-.iit,\ 
 Ami ill other 
 papers. 
 
 Notice to he 
 sent to eacli 
 policy-holiler. 
 
 rolicy-liolilers 
 not sijjiiifyiiig 
 acceptance 
 ileeiiieil to 
 have reluseci. 
 
 I low reserve 
 lor covering 
 lialiilitics to 
 Canadian 
 policy hold- 
 ers shall he 
 calculated. 
 
 34-. Till' tender lei'erred to in the ne\t precedine' section shall he 
 made in the following,' manner: 
 
 (".) A list and notice in the form I) in the schedule to this Act. or 
 to the like ettect, shall he pidilished in \\n' ('a iniiln (in-.itlc ^{w ;\\, 
 least thirty days pre\ ioiisly to the day named in sncli notice ; 
 
 (/*.) 'i'lie company shall also cause the said list and notice to he 
 puhlisheil in such newspajiers in ('anaila and for such len<.(tli of time 
 as the Minister <leterniines : 
 
 (r. ) A notice in the form \\ in the schedule to this Act. or to the 
 like I'llect. shall he sent hy m,",il (po.stpaid or franked) from the otiice 
 of the superintendent to each of the policy-holders nained in the 
 said list, whose aildre.ss is known to him ; ami such notice shall he 
 ilepositcd in some post otiice in ( 'aiiada at least thirty days previously 
 to the day named therein, which shall he the same day as that 
 named in the list and notice aliovc mentioned; 
 
 {(/.) Any ]ioliey-hoIder who does not sii,niify in writinjf to the 
 superintendent his acceptance of the amount so tendered, on or hefore 
 the day named in the said notice, shall he deemed to have refused 
 the .same; hut the Ministe 'lay, at any time prior to the payment 
 over to the company of tin amotnit so refused allow any poliev- 
 liolder to sio'iiify hi.s acceptance of such aniiauit, — which acceptance. 
 so allowed, shall have the same i-tlect as if made on or hefore the ilay 
 named in the said notice. 4!t \'., c. 45, s. :}4. * 
 
 35> In comptitini:' or eslimaline' the reserse ni'cessary to lie held 
 ill Older to cover its liahility to policy-holders in Canada, each com- 
 pany may employ any I'f the standard tahles of mortality tis used 
 iiy it in the construction of its tahles, and any rate of interest not 
 exceeding,' four and one-half ])er centum ])ei- annum: hut if it 
 
 36. 
 
 this A 
 prom 
 of nn 
 to hi' 
 that 
 
 inellll 
 of .In I 
 carrv 
 and' 
 with 
 
w 
 
 An Act REsi'Ecxixri Insuhanoe. 
 
 147 
 
 Mppuurs to the .siipcriiitcndei.L that such reserve falls Ih'Iow that 
 ciiinputiMl on the basis stated in th(i tweiity-tit'th section of tliis Act, 
 lit) sliall report tlie same to the Minister, wlut may thereti])on direct 
 the superintendent to compute, oi to |)rocure to he coin{)uted iui(h'r 
 iiis supervision, the reserve on tlie hasis tlieroin mentioned, and the 
 iniiount so computed, if it dift'ei-s materially from the i-eturn maile liy 
 the company, uiay he suhstituted in the annual statement of assets 
 and lial)ilities : and in such case the company shall fui'nish to the 
 siiperintemlent, on a[iplication, the full ])ai'ticidai's of each of its 
 |M)licies necessary for such com])utation, and shall pay to thesuperin- 
 tt iident ail amount at the rate of three cents for each policy or hoiius 
 addition so com])Ute(l, — which aUKaint he shall pay over to the 
 Minister: 
 
 2. Any c,(aa))any instead of itself computiiiff or estimating the re- 
 serve aliove mentioned, may re(|uiri' thi! same to he computiMl hy the 
 superintendent on the hasis stated in the tweiity-tifth section of this 
 Act, on payment of a like amount ;is is mentioned in the next pre- 
 ccilin^f suh-section : 
 
 ;i Provided always, that in the case of any honus additions (jr 
 other profits on the jiolicies of any company, accrued or deciareil he- 
 Di'e the tweiity-ei^dith day of April, one thousand eiyht hundred and 
 seventy-seven, and whicli have heeii heretofore valued lai the hasis 
 of a rate of interest other than that ahove mentioned, such company 
 may computi." or have the same computed on such other liasis : and 
 providecl also, that in the case of any company which has heretofore 
 liased its computation or estimate of its rc^servcf necessary to cover its 
 lialiility to policy holders in ('anada (other than tlie reserve to covijr 
 the lioniis additions or other prolits in the liist pi'o\iso UK'ntioneil) on 
 a rate of interest of five per centum [jer annum, the liasis of comjai- 
 tatioii (U- estimates mentioned in the tweiity-Hfth .section and in this 
 section, shall not apply until the twenty-eit^hth day of April, one 
 thousand eij^ht hundred luid eij;hty-sev(Mi, hut sucii company may, 
 until such (hite, compute such reserve, or ha\ e the same computed, 
 at a rate of interest not exeeedinji; live pei- centum per ainium. 4f) 
 V, c. 45, s. '.V). 
 
 Minister ni.iy 
 iiiiKr ic-coin- 
 piitatlon. 
 
 CdsIs. 
 
 Company 
 may ici|iiiic 
 ciimpiitalii)n 
 liy MipL'rin- 
 
 k'M(l(Mlt. 
 
 I'roviso : as to 
 l)oniis addi- 
 tiuiis or profits 
 on policius. 
 
 And as to 
 companies 
 liavinj; lierc- 
 lolore coni- 
 pulcil the re- 
 serve on 5 per 
 cent, interest. 
 
 Muhutl or AKscssinrvf L\f)' Lnsiirdiur (JonijxiiiWN. 
 
 36« No company shall, without lieini^ licensed or rcifistereij under Certain forms 
 
 of insnran 
 lorliidden. 
 
 this Act, carry on within ('anaila an}' husiness of life insurance l>y ""^ i"'^"f^"t^^<' 
 
 prior to 20 
 )uly 1S83. 
 
 promisinj^ to pay 011 tlu: <le!ith of a memlier of such company, a sum 
 
 of money solely from the proceeds of assessments or dues eollectiMl or 
 
 to he collected from the memhers thereof for that purjiose, — except Proviso : as 
 
 that in the case of tiny contract entered into, or any certificate of i" t'miraets 
 
 iiiemliership or policy of insurance issue<l hefore the twentieth ila}- 
 
 of •iuh', one thousand eioht hundred and eiohty-tive, liy any compan\' 
 
 carry iiif^ on such husiness, assessments may he made and collected, 
 
 and (daims paid, ami all liusiness connected therewith transtieted 
 
 without any penalty heinir incurred. 4fl V., c. 45, s. ;}(i. 
 
 37. Any ciaiijiany incorporated or leoally i'oi-med within Canada, Certain eom- 
 
 which transiicts husiness of the nature de.serihed in the le-xt iireced- l'''''"^;^. i"'>y ''l- 
 
 1 1' ,' i* 1 %!• I' I eonditionally 
 
 uifr .section may, at tlu' discretion ot the Minister, on ri'poit or the exempted 
 
 superintendent, .approved hy the Tretisiiry Hoard, he exempted from f"'"" 'he 
 
 the operation of the foreffoing provisions of this Act, except tIio.se of o["ih|s"^gt 
 
UN 
 
 Ax Act Rkspkctinc; Insi-kwce. 
 
 CoiKlilions of 
 such fxeinp- 
 tioii. 
 
 I'fnalty for 
 iiiincDiiipli- 
 aiuf llieii'- 
 willi. 
 
 Waily iLUcvv 
 al of rcgislra- 
 tion. 
 
 sfctioiis t\\ i.'iity-lix (', t\\ I'lity-scNcii. t\v»'iity-<'i;4'lit, twciity-iiiiic, thiity 
 mid thirty-one, nid lie pcniiittud tn tnuisuct the liusiiU'SK ot" \\\'o. iii- 
 sni'iince on tlic conditions specified in tlie tive-tsections next foliowiii". 
 4n v., c. 45, s. .'{7. 
 
 38> ('oni|ianies to lie so exeni])ted siiail rei^ister tlieii' titles or cor- 
 jiorati' names in tlie ollii-e ol' tin- su|ierintendenfc : tlx-y shall also 
 iiiiike atti'sted returns ol' their condition and ati'ai^i's at such times 
 and in such form, and attested in such iiiaiiner, as are prescrilied hy 
 the Ministei", and the superintendent shall include such retui'us in his 
 aniuial re|)ort; and any failure to maUe such returns when called for 
 liy the superintendent, shall suliject such company, and any otlicei' 
 thereof, to the penalties mentioned in the twentv-tii'st section of this 
 Act, 
 
 '2. The ri'oi.stration of any such company shall ceasi^ to he valid on 
 the thirt\'-Hrst day of March in each year, hut shall he reiiewahle 
 from \'eai' to vear, in the discretion of the Minister, 4!) V,, c. 4"), 
 
 s, ;{.s. ' 
 
 Application of 
 this scclion. 
 
 Licanse may 
 1)0 issued on 
 deposit of 
 $50,000. 
 
 Duration of 
 licensf. 
 
 KurthtT (1 
 sits may 
 rc(|ui;('d. 
 
 epo 
 
 Death claims 
 to l)c a first 
 charjje. 
 
 Application 
 of moneys 
 from assess- 
 ments. 
 
 Notice to he 
 printed on 
 policy, i\;c. 
 
 Form. 
 
 Promise to 
 pay out of 
 certain fund 
 tn I)e con- 
 tained in 
 policy, itc. 
 
 39> The pi'ovisions of this setttion .'hall iipply to coi'porations or 
 associations incoi-porated or leyally formi'd elsewhere than in Canada 
 for the ptupose of carryiuii; on the liitsine.ss of life insurance upon the 
 co-operative or a.ssessment plan : 
 
 2. Any such coi-poratioti or association may he licensed hy the 
 Minister under the pro\ isions of this Act, to transact l.tisine.s.< in 
 Canada upon deposilino with him lifty thoiisatid dollars, and tin 1 e- 
 after shall have the rioht to transact Imsiness 1:0 lono; as it c.ontiiuies 
 to puy its losses to the full limit nameil in its certilicates or policies, 
 and has coMiplie(l with all the reijuirements of this Act and of the 
 superintendent of insniiiiici' : 
 
 .'}, ill addition to such deposit of fifty thousand dollars, the 
 Minister, upon the report of the superintendent, approved hy the 
 Treasuiy Board, may. from time to time, re(|uire such other and 
 further deposit as is recommended in such report and so appi-oved, 
 to he made hy such companies or deposited with trustees to lie name<l 
 hy the Minister upon such trusts as are determined \<y the ( iovernor 
 in t'ouiicil : 
 
 4. Deatii claiiiis shall he a first charo-e on all moneys realized from 
 assessments, ai.d un d'dnction shall he made from any sucli death 
 claims on any a icouut w hat.soe\'ei' : 
 
 5. X<. portion of any moneys I'eceived from asses.suients for death 
 (diiims .diiUI he used for any e\|)eiise wdiatevei': and every notice of 
 any assessments shall truly specify the cause antl ])urpose thereof: 
 
 (j. Every iipplicfition, policy and certiticatt;, issued or used hy any 
 such company in Canada, sliall have printed thereon, in a coi.spicuous 
 place, in ink of n coloi- ditiereiit from that of the ink used in the in- 
 sti'uuient, and in oood sized type, the followin^f words: — 
 
 " Tliis association is not i'e<|uired hy law to maintain the reserve 
 '• which is re(|uind of ordinary life insiu'ar'.ce com|ianies: " 
 
 7, Kvery certificate and p'olicy shall contain a promi.se to pay the 
 whole amount therein mentioned out of the deatli fuml of the as.so- 
 ciation and out of tuiy moneys reidized from assesHUuaits to Ite iniidc 
 for that purpose, and i'\'ery such association shall he hound, forth- 
 with iiiid from time to time, to make ussossmeuts U> iw auiouut 
 
1f 
 
 A\ Act Uksi'k<ti\t; Ixsru.wcE. 
 
 U!» 
 
 ;i(li'(| latt! witli its (itliur iiviiilulili' t'linds to \>ny all oljlii^atioiis croitcil 
 luidcr liny such cci-tifioiti! or policy without "kMluction oi- filiatt'iiicnt : 
 
 8. 'I'hc foudition (.'iiihoilicil in the next prL'ccilin;^' sul>-softion sliall 
 lie iusortt!(l in i-vcry policy or ccrtiticiitc issut'd or delivci'cd hy any 
 sucli company to any person insurtsd in ('anada: 
 
 !l. In every policy issued liy a coiM|)aiiy license<I in accordance 
 witii this section ot" this Act in favoi- of a resident of (.'aiiaila, a clause 
 shall lie either eiiihodied therein or endorsed thereon, to the effect 
 tiiat an action to enforce tlie olili^ation of sudi policy may he validly ('nnnda 
 taken in any coui't of competent Jurisilict ion in the i'rovinee wherein 
 the polic}' holder resides or last resided l)efore his decease, antl sueli 
 |M)licy sliall not contain any jjrovision inconsistent with sucli clause. 
 4!t v., c. 45, s. :{!). 
 
 Conditii.n to 
 lie in every 
 piiliey issued 
 in ('.inada. 
 Cllniise re< {Hir- 
 ed in policies 
 in fiiviir (if 
 residents in 
 
 h\ from 
 death 
 
 40. The provisions contained in suli-sectioiis four, five, six, seven ( eriain ]iro- 
 aiid eiffht of the next precediuf^f section sliall also apply to any com- 
 pany (not liein^ such a company, society or association as is referi'ed 
 to in section forty-three of this Act), incorporates 1 in Canada and 
 carrying,' on the husiness of life insurance upon the co-oj)erative or 
 assessment plan. 4!l V., c. 45, s. 40. 
 
 visions 1(1 
 apply 111 
 Cdiiipanics 
 IK it referred 
 til in section 
 43- 
 
 ^l. The words "a.ssessment system " sli;ill he printe<l in lai'^n' type lonn of 
 
 at the head of every i)olic\' and every application for the same, and words m lie 
 
 1 • • I 1 ' 1 .■ ■ /• I 1 • / ' 1 • printed on 
 
 iiiso u\ (!Vt'ry circiilai- and adverti.senieiit issueii or u.seil ni ( anada m (.^,ri;,i„ 
 
 connection with the laisine.ss of a company to which any of the pro- policies. 
 visions of the five sections next precedino; apply. 49 V., c. 45, s, 41. 
 
 ness or using 
 forms of |)oli- 
 eies, itc. , in 
 eonlravenlion 
 of iliis Ael. 
 
 42. Every director, manaj^fer, a^eiit or other oflicei' of any such I'enaliy for 
 company as is hereiiihefore Itistly mentioned, which carries on husi- <''>i"t,' l'"'^'; 
 ness witluait heinj,' licen.sed or reifistered, and, — 
 
 (ii.) Kvery ])ei'son who transncts any husiness of insurance on he- 
 half of any such c(aii|)any which .so carries oi\ liusiness without heiufi' 
 ifi^istered or licensed, and, — 
 
 (<: ) Every such company which neglects to ]trint the woi'ds 
 "assessment system ' as pro\idetl liy tlu' next jtreeedin^- sectitai, 
 and, — 
 
 ((I.) Evei-y director, mana^'er. aifiMit or other ofticer of such com- 
 pany, jind every other per.son who transacts hu.siness on heludf of 
 any such com})any, who circidates oi uses any ap]ilication, ])olicy, 
 certificate, circular or !id\'ertisement on which the words "assessment 
 system" are not |»rinte<l. as hereinliefoie ]ir(i\idi'd,- 
 
 Shall lie lialile to the jieiialties nirntioneil in the twenty -second 
 .section of this Act. 4!) \'., c. 45, s. 42. 
 
 43. Nothiuff in this Act contained shall apply to any society oi 
 
 iciiition of persons for fraternal, lieiieNok'nt, industrial or relio'idus 
 ■poses, amoiiff which purposes is the insurance of the li\es of the 
 inhi'rs thereof exclusively : or to any association for the iinriiose of 
 
 assi 
 
 puiposes, amoiiff winch pur] 
 
 iiiemhi'rs thereof exclusively : or to any association for tlie purpose i 
 
 life insiirMUce, formed in coniu'ctioii with such society oi' oii^ani/.a- 
 
 tion and exclusively fnnn its ntemliers, and which insincs the lives 
 
 'if such menihers exclusively : 
 
 2. Any society oi- association which is declareil hy this .section to 
 he exempt from the apjilication of this Act, may nevertheless a])ply 
 to the Minister to lie allowed to avail itself of the {U'ovisions of the 
 seven sections next precedinjf; and upon such application liein^r 
 
 Certain socie- 
 ties exempted 
 from this Act. 
 
 Hut sued 
 societies may 
 avail them- 
 selves of tlii.s 
 Act, 
 
150 
 
 An Act Resi'Ectino Insurance. 
 
 iisscntcd to, such society or association shall cease to Ite so oxonipt 
 liy virtue ol' this section. 49 V., c. 4r), s. 4M. 
 
 PROVI.SIOXS HEL.\T1X(J TO HIKE AND INL.AND MARINE IN.STniANrE. 
 
 What provi- AA-m The [)rovisions of sections t'orty-tive to forty-eij^fjit, liotli in- 
 
 sions slmll lie cUisive, ap|)ly only to fire and inland marine insurance companies, 
 
 .-iliphci lie to j ^^ otliL'r insurance companies carrvin<; on tire and other insurance 
 
 (ire and inland • , , • i m ■ ■ v i i t. n u 
 
 marine cdui- or nihind marnie and otiier uism'ance. m so tar as relates to the tire 
 
 panics. oj- inland marine insurance husine.ss of such companies. 4!( V., c. 4.5, 
 
 s. 44. 
 
 Forfp.ii }!!'(' <tv(l Rcneiral of l/wcitftcs. 
 
 Licenses for- 45. Whenever any company fails to make the deposits under this 
 feiied liy fail- Act at the time recpiired, or whenever written notice has heen served 
 lire t() make ^^^^ ^|^^, Miuistei' of auv Undisputed claim ai'isinjf from loss insui-e(l 
 non-|).iymeni afjauist Ml ( anada remanun^f unpaid tor the space oi si.xty days atter 
 of claims. it liecouies due, or of a dis])Uted claim remaining,' un])aid after Hnal 
 
 judj^ment in reiijulai- ctair.se of law and tender of a lef,'al valid dis- 
 c!iari;e, the license of such company may he withilrawn hy the Min- 
 ister. 4!) \'., c. 45, s. 45. 
 
 Renewal on 
 certain ccin- 
 ditions. 
 
 Duty of com- 
 pany ceasing; 
 business. 
 
 Conditions on 
 which de- 
 posits may he 
 released. 
 
 Retaininj; 
 amount to 
 cover out- 
 standing; 
 risks. 
 
 4^. Such license may he renewe<l, aiid tln' com])iiny may a<^aiii 
 transact husine.ss, if, within sixty days afti'i- notice to the Minister of 
 the failure of the company to pay any uiKhsputed claim, or the 
 amount of any final jud^niient as jirovided in the next precedinf>' sec- 
 tion, tuidisputed claims or tiiial judoincnts upon or ao'ainst the ctaii- 
 jiany in Canada ari' paid and .satisfied. 4!) V., c. 45, s. 4(i. 
 
 Comixniirs Cfn.siiKj to dn Biixiiirsx hikI RclniKC of DepofiitK. 
 
 47. When any company has ceased to tran.sact husiiiess in Canada, 
 and has jfiven written notice to that effect to the Minister, it shall 
 insure, on hehalf of its Canadian policy holders, all its (aitsl. Hiding 
 risks, in stjuie company or companies licensed in Cantida, or obtain 
 the surrender of tlie p(/licies: and its securities shall not lie <lelivercd 
 to the comj)any until the .same is 'Imiic to the satisfaction of the 
 Minister: 
 
 2. Upon makiiif^ ap))lic!ition Utv its securities, the company shall tile 
 with the Minister a list of all Caiiiidian ])olicy-holdf!rs who have not 
 heen so re-insured (a- who have not smifudeied their policies: tu. ' 
 it shall, at the .same time, puhlish in the Cd inula (Jnzcftc n notice 
 that it hiis ap[)lied to the Ministei' for the release of its secui'ities on 
 a certain day, not less than three months after the daterf the notici', 
 and calling upon its C'anadian policy-holders opposing such release to 
 tile their opposition with the Minister on or liefore the day so named : 
 and after that day, if the Minister, with the ctau'urrence of the 
 'i'l'easury lioard, is .satisfied that the company h.as am[)le assets to 
 meet its lialiilities to ("anadian policy-holders, all the seciuities may 
 lie relea,sed to it by the Governor in Council, — ov a sufKcient amount 
 of them may be retained to cover the value of all risks (Uitst.aniling 
 or respecting which o])p(isition has been filed, and the remainder may 
 be released : and thert'after, from tinu' to tiuu(, as suchriskslap.se, 
 or proof is adihiced thtit they have been satisfied, further amounts 
 may be relea.sed (ju the authoi'ity aforesiiid : 
 
m 
 
 An Act ttEspEcriNfi Insukance. 
 
 151 
 
 oxeinjit 
 
 lotli iii- 
 
 iilifUiics, 
 
 isuniiicr 
 
 tlic liiv 
 
 '., e. 45, 
 
 .1. Wlit'ii a coiiipuny hiis ceased t<> tmiisiict luisincss in ('anada Paymtnt of 
 
 Mt'tiT frill' iKifricc licrcliy rciiuinMl, and its licciisc has in t'oiisiMiucncu^ ,'■'"'^1'^ }" 
 
 ... 1 11 license hns 
 
 liri'ii wifrlidriiwii, such cnnqiiuiy "uiy, lU'Vci-tiu'lcss, ])ay tlic losses been with- 
 
 iirisiiiif upon jmlicii's not i'f-insnrr(i oi- siu'i-cndiTi'd, ms if such lifi-nsr <lrawn. 
 
 \\;\i\ not licL'n wifrlidrawn. 4!) V., c. 45, s. 47. 
 
 Fi re I'olicirs. 
 
 48> No (ire policy siiall l)c i.ssucd for or i-xtond over a lon^'or 
 ]ii'riod than three years. 4f> V., c. 45, s. 4(S. 
 
 INSUKANCE OTIIEK THAN LII'i:, I'lliK oK INI. AND MARINE. 
 
 Duraliim of 
 tire policies. 
 
 or 
 
 Canada, 
 ', it shall 
 ■standing 
 r obtain 
 leliveri'il 
 1 of the 
 
 A-9, No company or person shall issue any policy other than a 
 life, Hre or inland marine insui'ance policy, or receive any premium 
 ill respect thereof, or carry on any husiness of insurance other than 
 life, Hre or inland marine insurance, without permission ohtained 
 IVoiii the Minister, who, with the appi'oval of the (ioverhor in 
 Council, shall determine in each case, whether such permission shall 
 lie yi-anted, and whether a licen.se is proper oi" necessary to he 
 issued., and whether any and wliat deposit shall he reipiired to 
 lie \n.i\v with tlu' Minister, and tin; sections of this Act which shall 
 ap])ly to such comiiany or ])erson : 
 
 2. The Minister may reipiire annual statements under oath of such 
 liusiness, in such form and manner as he deems expedient, may 
 revoke the |ieniiission or license o-raiited if he sees cause therofin', 
 and may oranfr to the su]iei-inteiident. the same powei's with reo-ard 
 to sucli coiiniany as are confericd on him by this Act with regard to 
 other insurance companies, and may reipiire such company to con- 
 tribute towards tlie exjienses of the office of the superintendent such 
 sum as he deems eipiitable ; 
 
 'i. Kvery company or person cai'ryino- mi any such iaisiness with- 
 out obtaining such permission or license, or after such jiermi.ssion or 
 license is revoked, or wliich ne^'lects or refuses to make the state 
 iiieiits required, — and every person who delivers any policy of insur- 
 ance, or collects any premium on behalf of such com[)any, shall 
 respectively incur the ])enalties mentioned in the twenty-tii-st and 
 twenty-second sections of this Act: 
 
 4. 'I'liis section shall not applv' to companies carrying' on, in 
 ("anada, ocean marine insurance business exclusively. 4!) V., c. 45, 
 s. 4f>. 
 
 No company 
 to ir.nns.acl 
 any business 
 of insurance 
 not herein 
 mentioned 
 without |ier- 
 mission. 
 
 I'owers of the 
 .Minister as 
 respects com- 
 panies rcceiv- 
 inj; such |)er- 
 iMission. 
 
 I'enaUy for 
 contraven- 
 tion. 
 
 C)cean marine 
 
 comiianies 
 
 exempted. 
 
152 An Arr UKsfKcTiNV; Insihanck. 
 
 sen KDl'LK. 
 FORM A. 
 
 DKI'All.S (IK VKAIII.Y SIAIKMKNT l.ll'K INSIK AN'tK. 
 
 A list of tlif stock holders, with the jiiiiomit sulisfrilicil |'oi\ thr 
 aiiKtuiit paid thcrcou. uiid thi- rcsiih-iicc ot" ciicli stock lioldci', 
 
 l^ro/x'rt 1/ or AsKciti luiil b;/ l/ir Ctnn fiii u if, xiiccijiimil Axxcts us jirr 
 
 lj'(l(/fr Accoii Ills. 
 
 The \ahic (as iicai'ly as may hcl of the I'cal estate held liy the 
 coiii|)fiiiy ; 
 
 TLc aniuuiit secured hy way of lo.iii on real estate, whether hy 
 luortiram's, hoiids or aiiv other sepuritv. <listiii'niishiii<if between those 
 liaviii<jf tirst or second lien on such real est;ite ; 
 
 'i'he auKiunt of loans secured hy honds or stocks or other col- 
 laterals : 
 
 'I'he amount of loans, as idio\-e, on which interest has not lieeii 
 jmid witlun one yeai' previtais to such statement, with a schedule 
 thereof; 
 
 The amount of loans made in cash to policy-holders on the com- 
 pany's policies assiened as collaterals; 
 
 Premium notes, loans or liens on policies in foi'ce, the reserve on 
 each policy lieinj,' in excess of all indehtedness thereon ; 
 
 Par and market values of Canadian ami other stocks nud securities 
 owned hy the company, s|)ecifyin^f in detail the amount, nuniiiei' of 
 shares, and the par and market value of each kind; 
 
 Amount of cash at head oHice ; 
 
 Amount of cash in lianks, with <letnils ; 
 
 Bills ivceivahle : 
 
 Agents' ledger halances ; 
 
 O/Ar;' Assets. 
 
 Interest due and accrued: 
 Rents due and accrued ; 
 
 Due from other com))anies for losses or claims on policies of the 
 company re-insured ; 
 
 Net amount of uncollected and deferred pi'emiums; 
 
 Connuuted conmiissions ; 
 
 All othei- ])ro]H'rty owned liy the company, with details: 
 
 /.nihil it IIS. 
 
 Net j)resent value of all outstanding policies in f(a'ce, with mode 
 of computation or estimation, deducting those i-e-insured ; 
 
 Pi'emium ohligations in excess of net values of their policies. 
 
 Claims for death losses nnd m.itureil endowments, ;iud annuity 
 claims, due and inipaid, or in process of adjustment, (a- adjusted hut 
 
 no 
 
 td. 
 
 le, or I'esisted 
 
 Dividends to stockholders, and di\ idends of surplus or other [n'o- 
 tits to policy-holders, due and unpaid ; 
 
 Amount due on acc(auit of office expenses; 
 
 Amoun 
 
 t of 
 
 loans. 
 
 Amount of all other claims against the e(aiipany 
 
,? 
 
 An Act 11esi>ectin(j Insuuance. 
 
 fvrornc. 
 
 Amount of cash priMiiiuins rcccivccl, less rc-insuniiico. Pri'iiiiiiiu 
 notes, loans or liens taken in part payment t'oi" promiums; and 
 pi-enn'ums paiil by dividends, including' re-converted ailditions, and 
 liy snrrendei'ed policies: 
 
 Cash received I'oramniities; 
 
 Amount of intcfrest received ; 
 
 Amoinit received for rents; 
 
 Xet amount received for proHts on bonds, stocks and other pro- 
 perty actually sold : 
 
 All other income in detail: 
 
 Premium Note A ic( Hint. 
 
 Premium notes, loans or liens on liaiul at date of last previous 
 stiitemeiit : 
 
 Additions and deductions in detail during' the year; 
 Balance, note assets at date : 
 
 153 
 
 A' 
 
 rjiriKl tl II re 
 
 Total aiimunt actually paid for losses and matured emlowments; 
 
 Cash paid to aniniitaiits and for surrendered policies; 
 
 Premium notes, loans or liens us<'d in purcha.se of surrendered 
 
 iidiicies : 
 
 The same voided bylajiSiS 
 
 Casli surrender values, includinjf re-converted aiMitions ajtplied in 
 ]iiiyment of premiums; 
 
 Dividends paid to jiolicy-liolders, (U* applied in payment of 
 
 ireiiuums : 
 
 i'remium notes, loans or liens used in ])ayme:)t of dividends to 
 policy-holders ; 
 
 C^ish jiaid stockholders foi' interest oi' iliviilends; 
 
 Cash [)aid for commissions, salaries and othei' expenses of ollicials; 
 
 Cash paid foi' taxes, licenses, fees or Hues; 
 
 All otlier expenditures in detail : 
 
 E.rhilnl nf Pol 
 
 /(•*('«. 
 
 Xundier ami amount of policies and additions in full at the end of 
 tile ])revi(ais year ; 
 
 Xew policies and chanj^'es ; 
 
 I'olicies terminated, and the manner of ternunation : 
 
 Xumbei' and anmunt of ])olicies in force at date of statement; 
 
 He-insurances. 
 
 M' v., c. -t'), sell, form A. 
 
 19 
 
154 
 
 An Act llKsi-EcTiNd Insimiance. 
 
 K()I!M I'. 
 
 Diri'AII.S UK ANNTAl, SIATK.MKN TS I'IKK AM> INr.AXD MAItlNK 
 
 IN'SrUAXCE. 
 
 A list of the stuck -Imldcrs, witli tlic ninnuiit suliscrilii'd I'm', tln' 
 iiiiiiniiit piiiil tlii'i'cnii, tiiul till- iTsiilciici' of ciifli stock-liolilrr : 
 
 The Pl'iijii'i't If III- Anxi'lx hi'lil III/ f/ir I 'filiifid II I/, njii'i'i fiji iiij, — 
 
 The \;iliic (lis iii'iirly lis iniiylir) of tlic icnl cstntr liclil liy tlir 
 ('oiii|inii_v '■ 
 
 'I'lir Minoiiiit of ciisli oil liaml mul i|i-|iosit:i'i| in luinks to (lie ci'rijil 
 of tlic coiiiiuiiiy s]i('('ifyiii^' in wlial liiinl<s the sniiic hit ilrpositi'il, 
 with iiiiioiiiits si'|innitcly : 
 
 The iiliioiuit of fiish in tlic iiiiiiil.-^ of ni-ciit 
 
 Its ; 
 
 Thi' ainoiiiit of loniis scciiii'il \>\ lionds hikI iiiort^fiijfcs constitiitiiif,' 
 
 citlicr II tirst or second lien on reiil estate, in se|iarate scliediiles: 
 
 'I'hc iiiiiouiit of loans on wliich iiiti-rest lias not lieeii 
 
 I iianl wiMiiii 
 
 th 
 
 me yeiii' jirevi iis to such stateiiieiit, with a schedule thereof: 
 The aiiioiints due the coni|iiiny for which jud<^iiieiits liii\e lieeii 
 
 >l>t 
 
 oiitiniieii : 
 
 'I'lie ainoiint of Caiiadiiiii stocks helil hy the coin]iariy. and of any 
 other stocks owned hy the coiiipany, specifyin;^' in iletail the anioiint. 
 nuinher of shares, and par and iimrket \aliie of each kiinl of stock 
 owned hy the coni])any iilisolutely ; 
 
 The aiiioiint of stocks held as collateral security for loans, with the 
 amount loaned on each kind of stock, its par and market value: 
 
 The amount of assessments on stock and premium notes, paid and 
 unpaiil ; 
 
 The amount of interest actually due and unpaid; also the anioiiiit 
 of interest accrued and uii]iaid : 
 
 Tile unuauit of premium notes on hand on w hicli policies are issued, 
 with amount ]iaid thereon: also liills receivaiile hehl hy the company 
 
 and considered u- |, the amounts of each class sejiarately, and the 
 
 amounts on each class o\-erdui' : 
 
 The aiiKaint of all othei' property heloiinine- t(i the company, with a 
 detail thereof : 
 
 Till' Liiihil il ii's (if llir ( 'mil Jill II I/, siii'ci fiji iiif, — 
 
 The amount of losses due and yet unpaid : 
 
 Amount of lo.s.ses adjusted, hut not due; 
 
 Amount of losses incurred durin,tj the year, iiicludin^' those claimed, 
 not yet adjusted, ami of those reported to the company ujioii wliicli 
 no action has heeii taken the amounts of each class separately, carry- 
 in<;' out the totals in one sum ; 
 
 Amount of claims I'oi' losses resisted Uy the coiii])aiiy. distineuisli- 
 in^' those in suit ; 
 
 Amount of dividends declared ,ind due. and remainin;;- unpaid : 
 
 AiiK.iint of dividemls declared hut not vet due; 
 
 Amount of money horrowed and security yivcii 1'or ))aymeiit 
 thereof- statin"' ciudi loan separaiidy.iinil the interest paid therel'oi . 
 The amount of uneariieil tire premiums; 
 Anioiuit of unoiirned inlaml marine premiums: 
 
Ax A(T ItKsl'Ki riS(; ixSlUANCE. 
 
 Aiiiniiiit rccci\i'(l t'cif iiuniiic (nci'iin) pn'ininiiis, not innrkrd ofl'; 
 
 AiiKiiiiit 111' all (itliiT cliiiiiis iipiiiisl till- ciiiiipniiy, witli n dctailcil 
 statt'inont thcrcdf ; 
 
 /\^r^fi'('if.'itf iniHiiiMt (if nil iiii|uii(l Imsscs, cliiiiiis nml linliilitics wlint- 
 siicvcr, fxccpt oiiiitiil stock : 
 
 fncotiii' (if fitr Coin jiii II I/, sprfi f'l/i III/, — 
 
 Amount of ciisli prcmiuiiis rcccivcil, less I'f-insunuioc : 
 Amount of iiotfs rccfivcil for prfmiums, less rc-iiisiiriinct' : 
 Amount of intciTst money n-ccivcd : 
 Amount of income iceeiveil from nil other sources: 
 
 H.rjir ml il II ri' itf llir Cinii ji<i ii j/, '*l>''('ijll ' I't/. — 
 
 Amount piiiil for losses wliicli occiii'red prior to the first ilny of 
 .ianuMi'V last, fleiluctinir snvinifs and salvaec, which losses were esti- 
 mated in the last statement at S 
 
 Amount paid for losses which occurred dui'iii';' the year, ilednctin'f 
 savini'H and snlvaire ; 
 
 'I'otal amount actually paiil duriny' the year for losses in each 
 liranch, in separate cohnnns; 
 
 Amount and rate of dividends [laiil duiin^r the year; 
 
 Amoinit of ex[tcnses pai'l duriii"' the year, includine' commissions 
 and fees to a<fents and oiHcei's of the company : 
 
 Amount of all other iiayments ami expenditures, with details 
 thereof: 
 
 Misci-Un iii'oiiK. 
 
 dross amount of risks taken dui-in<; the year, ori^dnal and r<-newa], 
 ill each lii'anch of the com|)any's Imsiness separately — deducting,' 
 .iniianit of re-insui'ance eti'ecteii thereon in each Inanch separately; 
 
 And anioiuit of risks in force at end of tlie year in each lirancli of 
 the company's laisiness, dcductine; i-e-insurauee ; ami showine; at foot, 
 in separate colunnis, the net amount of risks then in foi'cc. 
 
 4!l v., c. 4'), sell, form 1'.. 
 
 155 
 
 FOKM C. 
 
 Fur III (if Ihrld ral Kill la (iccdui pa u i/ the SIdtciiicilf. 
 
 Province of 1 
 
 County of J 
 
 President, and 
 Secretaiy of 
 Company hein^' duly sworn, depose and say, and each for 
 liiiiiself says, that they are the aliove descrilicd officers of the said 
 cniiipany. and that on the day of la.st 
 
 all the ahovc dcsci-iheil assets were the ahsolute property of the said 
 company, free and clear from any liens or claims tliereon, except as 
 ahove stated, and that the foree^oinf,' statement, with tlie schedules 
 and explanations hereunto ainiexed and hy them .suUscrilieil, are a 
 
,i»y!v^' 
 
 IMAGE EVALUATION 
 TEST TARGET (MT-3) 
 
 1.0 
 
 ilM IIIIM 
 
 IM IIIIIZ2 
 
 m 
 
 ■lo 
 
 I.I 
 
 1.25 
 
 1.4 
 
 II 2.0 
 
 1.6 
 
 "/} 
 
 (^ 
 
 /} 
 
 ^a 
 
 e. 
 
 -^1 
 
 ^^ 
 
 
 m )y" 
 
 o 
 
 m 
 
 / 
 
 / 
 
 / 
 
 M 
 
 Photographic 
 
 Sciences 
 Corporation 
 
 23 WEST MAIN STREET 
 
 WEBSTER, N.Y. 14580 
 
 (716) 872-4503 
 
 m 
 
 <v 
 
 "S^ 
 
 \ 
 
 \ 
 
 «^ 
 
 s^ 
 
 s 
 
 ^ 
 
 k i 
 
 
 % 
 
 V 
 
 'l.'^ 
 
 r^ 
 
Ce- 
 
 Lx?/ 
 
 
 A 
 
15() 
 
 An Act Respectino Insurance 
 
 full and correct exhibit of all the liahilitios, and of the income and 
 expenditure, and of the general condition and affaii's of tlie said com- 
 pany, on the said day of . last, and for the 
 year ending on that day, according to tlii' Iiest of their information, 
 knowledge and belief, respectively. 
 
 f 8ign(Uu7'es. 
 
 Subscribed anil sworn to before me, this 
 A.D., 18 . 
 
 49 v., c. 45, sch. form C. 
 
 day of 
 
 FORM I). 
 
 In the matter of the (here insert 
 
 name of the company). Notice is hereby given that the Minister of 
 Finance has, pursuant to the tliirty-third and thirty-fourth sections 
 of " Thr IvNii/rancf Art," directed assets to be retained, sufficient in 
 amount to cover the full etiuitable net surrender value of the 
 policies in tlie above company (including bonus additions andaccrue<l 
 profits) wliich liave not been transferred or surrenilered or in rt, ipeet 
 of which oppositi(jn has been tiled as pnjvided by the said thirty-tlih'd 
 section ; and the assets so retained are hereby tendered to the afore- 
 said policy-liolders jtro rata according to the aforesaid values of their 
 respective policies. A list of such policy-holders and of the amounts 
 tendered to them respectively is hereinunder given, and notice is 
 hereb}/ given that any policy-holdei" not signifying in writing to the 
 Superintendent of Insurance liis acceptance of the amount hereby 
 tendered to him on or before the day of 
 
 A.D. 18 , shall be deemed to have refused the same, and the amount 
 tendered may, pursuant to the said Act, bu paid over to the com- 
 pany. 
 
 List of policy-holders and amounts tendered : 
 
 Name. 
 
 Address so far as 
 " known. 
 
 /Xniount and number 
 of policies. 
 
 Amount 
 tendered. 
 
 Dated at Ottawa tliis 
 
 A.n 18 
 
 (Signed) 
 
 day of 
 
 (Signed) 
 
 Minister of Finance, 
 
 Canada. 
 
 Superintendent of Insurance. 
 49 v., c. 45, sch. form D. 
 

 An Act REspEOTiNfi Insurance. 
 
 FORM E. 
 
 Office of the Superintendent of Insttrance, 
 Department of Finance, 
 
 Ottawa, 18 . 
 
 In the matter of the {here insert the name of the comjmny.) 
 
 You are hereby notified that the Minister of Finance has, pursuant 
 to the thii'ty-tliiril section of " The InHXinmce Act" directed assets 
 to he retained sufficient in amount to cover the full e(|uitahle net 
 surrender value of the policies in the above company, including 
 lionus additions ami accrueil profits which have not ])een transferred 
 or surrendered or in respect to which oppcjsition has been filed as 
 provided by the said thirty-third section. The a,ssets so retained 
 (Uf tendered to the afore.siiid ])olicy-holders pro rata according to 
 the aforesaid values of their respective policies. 
 
 The amount hereby tendered to you, and the policy or policies in 
 i'('s]iect of which the same is ti'iidereil, are given below, and you are 
 
 157 
 
 hereby notified that ludcss on or before the 
 
 day of 
 
 A.T). 1<S , you signify in writing to the 
 Supcrint((mlent of In.surauce your acceptance of the amount liereby 
 tcnilered, ycni shall be deemed to iiave refused the same, and the 
 amount tendered may, ptu'suant to the said Act, lie i)aid over to the 
 eonipany. 
 
 Youi's, &c., 
 
 (Signed) 
 
 SniierinteTident of Insurance. 
 
 I • 
 
 Name. 
 
 Number and Amounl of Policy. 
 
 Amount Tendered. 
 
 49 v., c. 45, sch. form E. 
 
V. 'I 
 
 53 VICTORIA. 
 
 H 
 
 CHAP. 38. 
 
 An Act ril.iting to Bills of Exchange, Cheques, and 
 Proniissoiy Noti-.s. 
 
 . [AsHenM to IGth May, ISOn.] 
 
 ER MAJESTY, liy and with the advice and consent of the Senate 
 and House of Connnons of Canada, enacts as follows: — 
 
 PART I. 
 
 PRELIMINARY. 
 
 Short title. !• This Act may be cited as " Tlw Hilh of Exclidniic Aci, JSRO." 
 
 Interpreta- 2. In this Act, unless the context othei'wise reciuires, — 
 
 "Accept- ("■) The ex])i'ession "Acceptance " means an acceptance completed 
 
 ance." by deliveiy or notification : 
 
 "Action." (/'.) Th(^ expression "Action" includes counter-claim and set ott"; 
 
 " Ranl<." ^'-^ The expression " Bank ' means iui incorporated bank or sav- 
 
 ings bank carryino- on Imsiness in Canada: 
 
 "Bearer." (<!•) The expression " Bearer" means the per.son in posaes,sion of a 
 
 bill or note which is payable to beai'er : 
 
 ..Ijiii." (('.) The expression " Bill " means bill of exchange, and "Note" 
 
 "Note." means promissory note: 
 
 " Delivery." (,/•) The expre.ssion " Delivery " means transfer of possession, actual 
 
 or constructive, from one per.son to another : 
 
 "Holder." (,'/.) The expi'e.s.sion " Holder " means the payee or indorsee of a 
 
 bill or note who is in possession f)f it, or the liearei' thereof: 
 
 "Indorse- */'•) ''''"^' <'xpre.ssion " Intlorsement " means an indorsement com- 
 
 ment." pleted by <leMvery : 
 
 "Issue." ^'-^ ''^'^^' expression " issue " means thi' Hr.st delivery of a bill or 
 
 note, coni[)lete in form, to a person who takes it as a holder; 
 
 "Value." ij-) '''i' expression "Value" means valuable consideration. 
 
 "Defence." (/''•) The expre,'*<ion " Defence ' includes counter-claim. 
 
 niiiy 1 
 
An Act Rei-atino t<» I5ii.i,.s ok Excii.wfii:, CiiE(ii'Es, &c. 15!) 
 
 I'AHT II. 
 
 
 liiiJ.s oi' i;x('ii.\N(iE. 
 
 Foi'iii II 11(1 J iilt'rjii'f'liil ion. 
 
 3. A 
 
 ot" nxc'liiiiif^c 
 
 is ill) uiiconditioiial oi'dcr in writing, 
 
 K\] of ex- 
 
 rliangf dc- 
 tined. 
 
 When inslru- 
 niciil is not 
 siicli bill. 
 
 Uncoiulilidn- 
 al order dc- 
 tilled. 
 
 Hill not in- 
 valid for rea- 
 sons specified. 
 
 ii<lilr('SMe<l l»y one per.s(>ii to iiiiotlicr, si^nicd liy the pci'soii ^iviiij^' it, 
 re(|uii'inf,' tiie person to wlioni it is addressed to pay, on demand, or at 
 a tixe<l oi' deterniinal)le fnttn'e time, a snm certain in money to or to 
 the order of a, specified [x'l'son, or to lieai'er: 
 
 2. An instrnment wliicli does not comply with tliese conditions, or 
 wliich orders any act U> lie done in addition to tlie payment ol' money, 
 is not, except as liereinat'ter |)rovideil, a l)ill of excha,n/fe: 
 
 ;}. An oi'(h'r to pay ont of a particniar fiuid is not unconilitional 
 witiiin the meanino' of this section; Imt an nntjunlitii'd ordi'r to |)ay, 
 conph'd with {<i) an indication of a pai'ticuhir finid cait of whicli tlie 
 (h'awee is to re-imlmrse liimself, or a particniar acconnt to lie deliited 
 with the amount, or (l>) a statement of the transaction which gives 
 rise to the liill, is unconditional : 
 
 4. A liill is not invalid liy reason — 
 ((/.) That it is not dated ; 
 (/(.) That it does not specify the vahu^ o-i\cii, op that any \aiue has 
 
 heen given therefoi- : 
 
 (r.) That it does not si)ecify the place where it is drawn or the 
 ]ilac(! where it is ])ayal)Ie. 
 
 4> An inland liill is a liill which is, or on tiie face of it purports to Inland and 
 
 lie, ((') lioth drawn and [layalile within Canada, or (h) drawn within f'"''^iKii ''•"«• 
 Canada uiion some pei'son resident therein. Any other l>ill is a 
 foreign bill : 
 
 2. Fnless the contrary apjH'ars on the face of the liill, the holder If not noted 
 
 may treat it as an inland hill. "'^ forei^ni. 
 
 5. A hill may he drawn iiavahle to, or to tlu! or<Ier of, the drawer; 'Idl^'rent 
 
 ., , , •' 1 I / i. .1 1 L- .1 1 parties to lull 
 
 or it may he drawn payalile to, or to the order ot, tiie drawee : are the same 
 
 2. Where in a hill drawer and drawee are the same person, or person. 
 
 where the drawet; is ti fictitious person or a person not having capa- Option of 
 
 city to contract, the holder may treat the instrument, at his option, ^'.j'.'.y ,'i" '^'^''^ 
 
 either as a hill of exchange or as a ]iromissory note. 
 
 6. The drawee must he named or otherwise indicated in a hill with Drawee to be 
 reasonahle certainty: named. 
 
 2. A hill may he addressed to two or more drawees, whether they k th^re are 
 are partners or not; hut an order adilressed to two drawees in the more than one. 
 alternative, or to two or more drawees in succession is not a hill of 
 exchange. 
 
 7. Where a hill is not payahle to liearer, the payee must he named Certainty ic- 
 or otherwise indicated then^in with reasonalile certiiinty : <nmed as to 
 
 2. A hill may he made pjiyahle t<) 'wo or more )iayees jointly, or if'i.ayable to 
 
 it may ln! iiuide layahle in the alternative to one of two. or one or two or more 
 
 some of several piiVees. A Viill may also he made iiayahle to the l'''^)''-'^'^- "■" '" 
 
 holder of an oilice for the time heing : oiiice. 
 
 '■]. Where the payee is a fictitious or non-existing person, the hill If jiayee is 
 
 luiiy he treated as payahle to hearer. non-csisting. 
 
 i » 
 
y J. '■- 
 
 KiO 
 
 Ax Act Rk;i,ATi\(i to Hii,i,.s oi- MxciiANtii;, (JiiKciUEs, &c. 
 
 Certain bills 
 valid l)iit not 
 nej^dtialilc. 
 
 rayablc to 
 order or 
 bearer. 
 To bearer. 
 
 To order. 
 
 Option of 
 payee. 
 
 .Sum payable. 
 
 Discrepancy 
 between 
 figures and 
 words. 
 
 Interest. 
 
 8. When ii l)ill coiitiiiiis wiinls jtroliiliitin^f trmi.sfcr, or iiulicating 
 iui iiitciition tlifit it sliouM not lie tnui.stVrHl)K', it is valid as lictween 
 tlu! parties thoroto, liut it is not no^otialilc : 
 
 2. A nc^'otialilt' liill may Ixi payable citlit'r to order or to 
 hearer : / 
 
 8. A l»ill is payahle to W'.u'cr which is expn-s.sed to ho so payahle, 
 or on which the only or In.st i''(lors('in(mt is an indorsement in hlank : 
 
 4. A hill is payalile to order which is expresscid to he so payahle, 
 or which is expresseil to he p..,yahle to a particular person, aTid does 
 not contain W(a'ds prohihitin^f tran.sfer or indicating an intention 
 that it sliould not he transferal )le : 
 
 5. Where a hill, either oriijinally or hy indorsement, is (expressed 
 to be payahle to the order of a speciHed person, and not to him or 
 his order, it is nevertheless payable to liim or his order, at his option. 
 
 9. The sum payables by a hill is a .sum certain within the meaning 
 of this Act, althouy'h it is re(piired to he puid — 
 
 (((.) With interest ; 
 
 (b.) By stated in.stalmonts : 
 
 ((!.) Hy stated instalments, with a provision that upon default in 
 payment of any instalment the whole .slu)!! become due : 
 
 (d.) According to an indicated rate of (exchange, or according to a 
 rate of (\\change to he ascertained as directed by the hill : 
 
 2. Where the sum payable is expressed in words and al.so in 
 figures, and there is a discrepancy between the two, the sum denoted' 
 by the words is the amotnit payable : 
 
 '.^. Where a hill is expressed to he payahle with intere.st, unless the 
 in.strument otherwise provides, interest runs from the date of the bill, 
 and if the bill is undated, from the issue thereof. 
 
 in 
 
 Hill payable 
 on demand. 
 
 Acceptance, 
 &c., when 
 overdue. 
 
 liil [layahlc 
 at a future 
 time. 
 
 As to contin- 
 gencies. 
 
 Omission of 
 dale in bill 
 payable after 
 date. 
 
 .\s to wrong 
 date. 
 
 10. A bill is payahle on demand — 
 
 ((I.) Which is expressed to lie payal)le on ilemand, or on pre.senta- 
 tion ; or — 
 
 {b.) In which no time for payment is expi'essod : 
 
 2. Where a bill is accepte<l or indoi'sed when it is overdue, it shall 
 as regards the acceptor who .so accepts, or any indorser who so 
 indorses it, be deemed a hill payable on demand. 
 
 11. A bill is payable at a det(;rminable future time, within the 
 meaning of this Act. which is cxpressecl to he jiayable — 
 
 {<!.) At a tixe<l jieriod after date or sight : 
 
 (b.) On or at a fixed period after the occurrence of a specified 
 event which is cei'tain to happen, though the time of happening is 
 uncertain : 
 
 2. An instrument e?cpressed to be payahle (jn a contingency is not 
 a l)ill, and the happening of the event <loes not cure the defect. 
 
 12. Where a hill ex])ressed to In- jja^'able at a fixed period after 
 date is issued undated, or where the acceptance of a hill payable at 
 a fixed period after sight is tnidated, any holder may insert therein 
 the true date of isstu' or acceptance, and the bill shall be jiayablc 
 accordingly ; 
 
 Provided tlait {<i) where the holdtu- in good faith tind by nnstake 
 in.serts a wrong <late, and {!>) in every case where a wrong date is 
 inserted, if the bill stdise(|UentIy conu's into the hands of the holder 
 
An Act Rei.atin(j to Bills ok Exchange, CiiEciUEs, &c. 
 
 I(!1 
 
 ill due course, tlio l»ill sliall not ho voided thereby, but shall operate 
 and be payable as if the date ho inserted li.id liccn the true date. 
 
 13. Whei'c u liill or uii acci'i>taiifi', or any indoi'sciiicnt on a liill, is y^^}' /''y''"" 
 dated, the date shall, unless the contrary is proved, be deemed to be -^'""^ lvklucc. 
 tlie true date of the drawing, acce]itance, or indorsement, as the case 
 may lie : 
 
 2. A bill is not invalid by reason only that it is antedated (jr post- f- "ftn'n tlat- 
 (lated, or that it bears date on a Sunday oi- other non-juridical day. vah\late. 
 
 14k Where a bill is not payable on dcmaiul, the day on which it 
 falls due is determined as follows : — 
 
 {(I.) Three <lays, called days of grace, are, in every ca.se where the 
 liill itself does not otherwise provide^ added to the time of payment 
 as fixed by the bill, and the; bill is due and payable on the last day 
 of grace : Pi'ovided tliat — 
 
 (1.) Whenever the last day of grace falls on a legal holiday or 
 non-juridical day in the Province where any such bill is payable, 
 then the day next following, not being a legal holiday or non- 
 juridical day in .such I'rovince, shall be the last day of grace; : 
 
 2. In all matters relating to bills of exchange tlie following and 
 no other shall be observed as legal holidays or non-juridical days, 
 that is to say : 
 
 (((.) In all the Provinces of Canaua, except the Province of 
 Quebec — 
 
 Sundays ; 
 New Yeai-'s Day ; 
 Good Friday ; 
 Easter Monday ; 
 Christmas Day; 
 The birthday (or the day fixed by proclamation for the celebration 
 of the birthday) of the I'cngnmg sovereign ; and if such liirthday is a 
 Sunday, then the following day: 
 
 The first day of July (Dominion l)!iy),an(l if that day is a Sunday, 
 then the second day of July as the same holiday: 
 
 Any day appointed by pi-oclamatiem for a public holiday, (U- for a 
 gi'nei'al fast, or a general tlianksgiving thr(nighout Canada: and the 
 day next following New Year's l)ay and Christmas Day, when those 
 days respectively fall on Sunday; 
 
 (h.) And in the Province of (-Quebec the said days, jind also — 
 The Epiphany ; 
 The Annunciation : 
 The Ascension : 
 Corpus Christi : 
 St. Peter and S^ Paul's Day ; 
 All Saints' Day ; 
 Conception Day ; 
 (c.) And also, in any one of the Provinces of Canada, any day ap- 
 pointed by j)roclamation of the Lieutenant-(!overnor of such Pro- 
 vince fia- a public holiday, or for a fast or thanksgiving within the 
 same, or being a non-jtu'idieal day by virtue of a statute of such 
 Province : 
 
 'i. Where a bill is payable at sight, oi" at a fixed j)eriod after date, 
 after sight, or after the happening of a s()ecilied event, the time of 
 
 Cominitalion 
 of time of 
 payment. 
 Days of 
 grace. 
 
 Non-juridical 
 days. 
 
 W'lml shall 1)C 
 .such. 
 
 In all I'ro- 
 vinces except 
 Quebec. 
 
 In Ouebcc. 
 
 In every 
 I'ruvincc. 
 
 Day.s to be 
 computed 
 
 i 't: 
 
 20 
 
102 
 
 An Act Hei.atino lo Hills ok Exciian(ie, CiiEtiUEs, &c. 
 
 "Months." 
 
 Reckoning 
 of time. 
 
 when lime payment is (lotcriiiiiu'il hy cxchidiii^f the day from which the time is 
 begins lo run. {^^^ l„.^fii, to run iiiul by including,' the diiy of payment; 
 When time 4. When- a 1)111 is puyalih; at si^dit, or a Hxcd pi'riod after sijflit, 
 
 begins lo run. j^|j^. tj„„. l„.^,i„s to niM from the datf of the acceptance if the l.ill is 
 accepted, and from the <late of notini,' or protest if the hill is noteil 
 or protested for non-acceptance, or for non-delivery; 
 
 5. The term " iNh)nth " in a hill means the calendar montli : 
 
 6. Every hill which is made ]nvyahle at a month or months after 
 tbite becomes due on the .same nundiered day of tlie month in whicli 
 it is made payalde as tlie day on which it is datetl — unless there is 
 no such day in the month in which it is made ])ayahle, in which case 
 it becomes due on the last day of that nn th — with the addition, in 
 all cases, of the days of ^mice. 
 
 Case of neeil. 15> The drawer of a bill and any india'ser may insei't therein the 
 name of a person to whom the holder may resort in case of need, 
 that is to ,say, in ca,se tlie bill is dislionored by non-acceptance or 
 iion-payiiu'iit. Such })erson is called the I'eferee in case of need. It 
 is in the option of the holder to resort to the referee in case of need 
 or not, as he tliinks tit. 
 
 Opliniial 
 stipulations 
 l)y drawer or 
 indorser. 
 
 Definition of 
 acecplance. 
 
 Recjuisites of 
 acceptance. 
 
 16. The drawei' of a bill, and any indorsei", may inscfl't therein an 
 e.Kpre.ss stipulation — 
 
 {(1.) Xeifativiuff or limitinf^ his own liability to the holder; 
 
 {!).) Waiving, as regards Itimself, some or all of the holder's duties. 
 
 17. The acceptance of a bill is the signitication by the drawee of 
 his a,ssent to the order of the drawi^r: 
 
 2. An acceptance is invalid miless it complies with the followiii},' 
 conditions, namely :— 
 
 (a.) It must be written on the Itill and l)e signed by the drawee. 
 The mere signattu'e of tlie drawee witliout additional words is 
 sufficient ; 
 
 (I).) It must not express that tlu' drawee will [jerform liis promise 
 by any other means than the payment of money ; 
 
 ;i. Wliei-e in a bill the d)'awee is wrongly designated or his name 
 is misspelt, lie may accejit the bill as therein di'scribed, adding, if lie 
 thinks tit, his proper signature, or he may accept by his proper sig- 
 nature. 
 
 Time for ac- 
 jeptancc. 
 
 Dale, in case 
 of acceptance 
 after dis- 
 honor. 
 
 ceptances. 
 
 18. A bill may be accepted — 
 
 ((I.) Before it has been signeil l)y the drawer, or while otherwise 
 incomplete ; 
 
 {h.) When it is overdue, or after it has been dishonored by a pre- 
 vious refusal to accept, or by non-payment: 
 
 2. When a bill payable after sight is dishonored by non-aceeptaiu'e. 
 and the drawee subsetpiently accepts it, the holder, in the absent'c of 
 any dift'erent agreement, is entitled to have the bill accepted as of 
 the date of Hrst presentment to the drawee for acceptance. 
 
 (iencral an<l |g. An acceptance is either (>') geiiei'al, or (A) (|ualitied 
 
 ijuahiied ac- acceptance assents without (jualiHcatioii to the order of the drawer; 
 
 a (jualitied acceptance in ex[)ress teiiiis vai'ies the eli'ect of the bill as 
 
 drawn ; 
 
An Act Relating to Rii.ls of ExnuANfJE, Cheques, &c. 
 
 \m 
 
 2. Ill particiilnr, an acceptance is (umlilicil whicli is — (Junlifiod 
 
 ((I.) ('onditidiinl, tliiit is to say, wliicli makes |iaynient liy tlie ac- '"^'^^'l''''"'^'-' 
 ciptoi' ile|ieMileiit (111 tile rillliiliieiit ot" a eiinditiou tlii'l'ein state(i ; l)Ut 
 III) ac('e|)tan('e to pay at a partictilar specitied place is not conditional 
 n\- ijiialitied. 
 
 (//.) Partial, tliat is to say, an acceptance to pay pai't only of the 
 iiiiiomit for wliicli the hill is di'awn ; 
 
 (('.) (.^nalified as to tinu? : 
 
 ((/..) The acceptance of some one or more of the drawees, hut not 
 of all. 
 
 20a Where a simple sipiature on a hlaid< papei- is d(;livered hy the 
 sif,'ner in onler that it may lie converted into a hill, it operates as a 
 l>r'nii(i fdcic authority to HII it np as a complete hill foi' any auKanit, 
 usinj^ the sii^niature foi" that of the drawer, or the acceptor, or an in- 
 dorser; ami, in like maimer, when a hill is wanting in any material 
 particular, the ))erson in possession of it has a />ri)ii(i f<(ci(' anthoi'ity 
 to till up the omission in any way he thinks tit: 
 
 2. In order tiiat any such instrunuiut when completed may he en- 
 inrceahle a<(ainst any ))erson who hecame a party thereto prior to its 
 completion, it must he filled u]i within a reasonahle time, atid strictly 
 ill accordance with the authority <fiven ; reasonalile time for this pur- 
 pose is a ([uestion of fact : 
 
 Provided, that if any such instrument, after completion, is negoti- 
 ated to a holder in due course, it shall he valid and eti'ectual for all 
 purposes in his hands, and he may enforce it as if it had lieen tilled 
 up within a reasonahle tiiiu^ and strictly in accordance with the 
 authoi'ity given. 
 
 21a Every conti'act on a hill, whether it is the drawer's, the 
 acceptor's or an indorser's, is incomplete and revocahle, until delivery 
 (if tlu! instrument in order to give effect thereto: 
 
 Pi'o\ided, that where an acceptance is written on a hill, and the 
 drawee gives notice to, or according to the directions of, the person 
 entitled to the hill that he has accepted it, the acceptance then he- 
 comes completi^ and iri-evocahle : 
 
 2. As lu'tween immediate parties, and as regards a remote party, 
 other than a holder in due course, the delivery — 
 
 («.) In order to he effectual must he made either hy or under the 
 authority of the party drawing, accepting or indorsing, as the case 
 may be ; 
 
 (h.) May be shown to liave been conditional oi' for a special pur- 
 pose only, and not for the purpose of transferring the property in 
 the bill ; 
 
 But if the bill is in the hands of a holder in due ccnir.se, a valid de- 
 livery of the bill by all parties prior to him, so as to make them liable 
 to him, is conclusi\-ely j)resinne(l : 
 
 3. Where a bill is no longer in the po.ssession of a party who has 
 signed it as drawer, acceptor or indorser, a vali<l and unconditional 
 delivery by him is [)rt'sumed until the contrary is proved. 
 
 Capaciiy mxd Author it)/ of Parlies. 
 
 Inclio.ilf in- 
 struments. 
 
 When to l)c 
 filled tip. 
 
 As to suhse- 
 ([uenl JKilder. 
 
 Contract not 
 complete until 
 delivery. 
 
 Kxception. 
 
 Re(|uisites iis 
 to delivery. 
 
 When valid 
 
 delivery 
 
 prcsumc<l. 
 
 Priiita facie 
 evidence. 
 
 22a Capacity to incur liability as a party to a bill is co-extensi 
 ith capacity to contract: 
 Provided, that nothing in this section sliall enable a corporation 
 
 ve 
 
 to 
 
 C"apacity of 
 parties. 
 
 As to corpora- 
 tions, 
 
 m 
 
1(!4 
 
 An AfT Rki,atin(i rn Hii.i,s ok KxciiANnE, Ciieques, &c. 
 
 DrnwiiiK or 
 
 inilorsini; liy 
 pcrsDii nni 
 coiniicU'iit. 
 
 fssfniial to 
 
 linMlily. 
 
 Kxccinions. 
 
 niako itHolt' liiiltlc uh ilniwt'r, iicccptor m- iiiddrscr u\' a hill, uuIph it is 
 coiiipt'tciit to it so to do under tlio law for tlu> time lifiri^ in force n- 
 liitiii<,' to Hiich corporation : 
 
 2. Wlicn- a liill is drawn or imlorscd \\y an infant, minor, or cor- 
 poration lia\ in^' Ml) capacity or power to incur lialiility on a liill, tlie 
 lirawin^ or indorsement entitles the holder to receive payment of the 
 iiiil, and to enforce it a^^ainst any other Jiarty thereto. 
 
 23« No person is lialile as drawer, indorscr, or acceptor of a liill 
 who has not si<,'ned it as such : Provided that — 
 
 {((.) Where a person sii,nis a hill in a trade or ass(nMe(l name, he is 
 liahlc thereon as if he had signed it in his own nanu' ; 
 
 (/>.) Tho sipiaturo of thu name of a Hrm is eipiivalent to the si^nia- 
 ttU'e hy the person so sif^niuf^ of the names of all persons liahle as 
 partners in that tirni. 
 
 Forj^ed or iiii 
 
 a>illi(iri/\'(l 
 
 si(;ii,-iliiri'. 
 
 24-. Suhject to the provisions of this Act, whei'e a signature >>n a 
 hill is for<,fed or placed thereon withtait the authority of the person 
 whose sio;'iiatiU'e it ])nrports to he, the forced (U' unauthori/ed sij^na- 
 tui'e is wholly inoperative, ami no ri^dit to retain the liill or to ^i\e 
 a dischai'^'e therefor or to enforce payment thei-eof a^'ainst any party 
 thereto can he acipiired thron<fh or under that siijnature, unless the 
 
 Iiarty against whom it is son^^^ht to retain or enforce paynuMit of the 
 )ill is preclmled fnan .settiufj up the forffery or want of authca-ity : 
 I'rnviso. Provided, that nothiii<,f in tliis secticai sh.all atfect the ratification of 
 
 an luianthorized si^niatnre not anxamtinj,' to a forgery: And pro- 
 vided alst), that if a clie(|Ue, payahle to (a-der, is ])aid hy the drawee 
 upiai a foi'<fi'(l indorsement (ait of the funds of the drawer, or is so 
 paid and charo;t'd to his acccanit, tlie drawer shall have no ri^ht 
 of action against the di'awi'c for the reco\ery hack of the amount 
 iSo paid, oi' no defence to any claim made hy the drawee for i]\v 
 amount so paid, as the case may he, unless he gives notice in writing 
 of such forgery to the drawee within one year after he has ac(|uireil 
 Proviso; as to notice of such forgery ; and in case of failure hy the drawer to give 
 payment on xjidj notice within the said period, such chetjue shall he held to have 
 doreement. heeii ])aid in due Course as I'espects every other party thereto (a- 
 name(l therein, who has not previously instituted proceedings for the 
 protectitai of his rights. 
 
 Procuration 
 signatures. 
 
 Person sign- 
 ing as agent 
 or in repre- 
 sentative ca- 
 
 pacity. 
 
 Rule for <le- 
 termination i 
 signature. 
 
 25. A signature hy procuration operates as notice that the agent 
 has hut a limited autlun-ity to sign, and the principal is h(auid hy 
 such signature only if the agent in so signing was acting witliin the 
 actual limits of his authority. 
 
 26. Where a person signs a hill as drawer, indorser or acceptor, 
 and adds words to his signattu't! indicating that he signs for or on 
 hehalf of a ])rinei])al, or in a representativ<' character, he is not per- 
 .sonally liahle thereon; hut the mere addition to his signatiu'e of 
 words descrihing him as an agent, or as tilling a representative char- 
 acter, does not exempt him fnan jter.sonal liahility : 
 
 2. In determining whether a signature on a hill is that of the 
 )f principal ca- that of the agent liy whose hand it is written, the con- 
 struction most favorahle to the validity of the instrument .shall 1"' 
 adopted. 
 
 .1 
 
II ^ ! 
 
 mH 
 
 An Act REi-AxiNfi to nii,i,s ok Rxciianoe, Cheques, &c. 
 
 'riir ('ovuidrrdtiini for a Hill. 
 
 IfiB 
 
 Valiml)lL- 
 consiilrratinii ; 
 Imw ciinstiliil- 
 
 27a Viiliiiililc ooiisidcnitioM I'oi' ii l)ill may lie (•(Uistitiiti'd l)y — 
 
 {(1.) Any (loiiHidcnition Huilicicnt to Hujiport a siiiij>l(> contract; 
 
 (h.) An aiitcccd 'nt dclit or liaMlity : siidi a dcht or liaMlity i>* 
 (Ict-nu'd valuaMo couHidcratioii, wlicther tlic l>ill in payable on dciuaiid 
 or ut a future time : 
 
 2. Wlicrt! value has at any time Keen ^'iven for a liill, the holder is when lidldcr 
 deemeil to lie a holder for value as re'fai'ds the aireiitoi' and all i*^ lioMir Ini 
 parties to the hill who liecame ])artieH prior to mich time : '"'*'■ 
 
 .'{. Where the holder of a hill has a li<'n on it, arising' either fi-om As to lion, 
 contract or hy implication of law, he is deemed to lie a holder for 
 valuo to the extent of the sum for which he has a lien. 
 
 28> An acconimodation party * ■ a hill is a ])er.son who has si^nied Accommod.i- 
 
 II hill as drawer, acceptor, or indniser, without receiving,' value there- ',"'|','j|j''"^'* '" 
 I'or, and for the purpose of K'ndin^r his name to some other person: 
 
 2. An accounnodation party is liahle on the hill to a holder for His lialiilty. 
 
 vahu 
 
 1h 
 
 and it is immaterial whethei', when such holder took the hill, 
 knew such Jiarty to he an accommodation Jiai'ty oi' not. 
 
 nef(otiate.s a hill i.s 
 
 Title (Icfcc- 
 live in cn.sus 
 spceilicd. 
 
 29. A holder in due ctau'se is a holder who has taken a hill, com- Il<.|(lcr in (Im- 
 pli'te and re^tilitr on (he face of it, umler t\\v following' conditions, <'<'iirsc. 
 luimely : — 
 
 ((I.) That he hecame the holiha- of it hefore it was overdue and 
 without notice that it had heen ])reviously dishonored, if such was 
 tli(^ fact ; 
 
 (h.) That he took tht; hill in ^ood faith and for value, iind thtit at 
 the time the hill was ne^'otiated to him he had no notice of any 
 defect in the title of the person who nei^otiated it: 
 
 2. In jiarticular, tla^ title of a per.soii who 
 defective within the meaniiiff of this Act when he olitained the hill, 
 or the acceptances thereof, tiy fraud, dtiress, or force and fear, or 
 other unlawful means, or for an illegal consideration, or when he 
 iieffotiate.s it in breach of faith, or umler such circumstances as 
 amount to a fraud : 
 
 ;?. A holder, whether for vtdue or not, who derixcs his title to a Kiiriu of sub- 
 bill through a holder in dtie course, and who is not himself a party .sequent 
 to any fraud or ille<:;ality atlectino' it, has all the ri^ditsof that holder •'"'^l'-"''- 
 in due course as reganls the acceptor and all parties to the bill prior 
 to that holder. 
 
 30. Every party whose sif,niiiture tippears on a bill 'ih prima facie Presumption 
 deemed to havt^ become a party thereto for value: "^ value and 
 
 2. And every holder of a bill is jii-i.ma fdclc deemed to be a holder o'n'wlioni'bur- 
 in due course; but if, in an action on a bill, it is admitted or proved dm of proof 
 that t\w acceptance, is,sue or ,sub,se(|Uent ne<fotiation of the bill is "'-■'*• 
 uffected with fraud, duress, oi- force and fear, or illeoality, tlu; burden 
 
 of proof that he is such holder in due course shall be on him, unless 
 and until he proves that, subse(|Uent to the alle^'ed fraud or illegality, 
 value has in ffood faith been ^iven for this bill by some other holder 
 in due c(Hir.se : 
 
 3. No bill, althouffh f^iven for a usurious considei;iti m or upon a Usurious con- 
 usurious contract, is void in the hands of a holder, tudess sucli holder sidcration. 
 h)ul at the time of its transfer to him actmil knowledge that it was 
 
 
 I 
 
ino 
 
 Av Arr Uei-atino to Hii,i,h ok RxfiiANOE, Cheques, &r. 
 
 Cinisiilcralicin 
 CDiisislint; 'if 
 imrcliaM' 
 iiiiiiicy iif 
 |i;\li'i\l ri^lil. 
 
 I.inliilily nf 
 Irmisffrce. 
 
 Penalty. 
 
 Ne(;i)liati()n of 
 bills. 
 
 To heater. 
 To order. 
 
 Wilhnul in- 
 dorsement. 
 
 Personal lia- 
 bility may be 
 avoided. 
 
 Requisites of 
 a valid indor- 
 sement. 
 
 ori^iimlly ^n\(ii I'nr n tistiiimiN foiiNiilt'nitioii. nr ii|ii)ii ii UHuritniH coii- 
 ti'iict : 
 
 4. Kvcry l>ill of note tlic coiisiilcnitinii of wliicli cuiisists, in wlinli' 
 or ill piirt, i>l" tlic puirlmsc mniicy nf a piitcut ri^'lit, or nl" a |)artiiil 
 iiiti'i-i'st, liiiiitrd |r|.()iri'|||iic)illy iir ntlicrwisc, In a patent, i'ij,'lit, .shall 
 luivc written <ir printeil prominently ami lej,'ilily acroHs tlie fnce 
 tluTt'of, lict'ore tlie Hame i.s iMsui'd, tlu- words "^ivtiii tor a patent 
 rif,dit:" and without such word.s thereon sticli iiiHtrnmeiit mid any 
 renewal thereof .shall he void, except in the hands of a holder in dtie 
 courHc witlioiit notice of hucIi considerat'tn : 
 
 5. The indorsee or other tnmsferee of ly such iiistrnment liaviii^' 
 the words aforesaid so printed or writi., n thereon, slmll take the 
 same snliject to any defence or set-otf in respect of the whole or any 
 part thereof which would have existed lietweeii the ori<,dnal parties: 
 
 (). Kvery one wlio issues, .sells or transfers, liy indorsement or 
 delivery, any such instrument not liavino' the words "j^nven for a 
 patent i'io;ht " jirinted or written in manner afores;iid acro.ss the fact; 
 thereof, knowing' the consideration of such instrument to Inivc con- 
 sisteil, ill whole or in part, of the purchase money of a ])atent ri^lit, 
 or of a partial interest, limited e^eo^fraphically or otlierwi.se, in a 
 patent rii^dit, is ;,niilty of a misdemeanor, and liahlc to imprisonment 
 for any term not exceeding one year, or to such tine, not oxceudin^f 
 two hiuidred dollar.s, as the court thinks tit. 
 
 Nt'jiiilltili.Dii of IHIIk. 
 
 3I> A hill is nef^otiated when it is transferred tVom one person to 
 another in such a manner as to constitute the transferee the holder 
 of the hill: 
 
 2. A hill payable to bearer is ncf,'otiattHl by delivery : 
 ',]. A bill payable to order is nef,'otiated by the indorsomont of the 
 holder coiii])Ieted liy delivery : 
 
 4. Where the holder of a i)ill payable to his order tran.sfers it for 
 value with<ait indorsing,' it, the transfer ^dves the transferee such 
 title as the transferrer had in the bill, and the transferee in a<lditi<iii 
 ac(|uires the ri^lit to have the indorsement of the transferrer : 
 
 5. Where any person is under obligation to indoi'se a bill in a 
 rei)resentative capacity, he may indor.se the bill in such terms as to 
 nei^ative pisrsonal liability. 
 
 32. An indor.sement in order to operate as a ne^'otiation must 
 compl}' with the followin^f conditions, namely: — 
 
 ((«.) It mu.st lie written on the bill itself and be sif^ned by the in- 
 dorser. The .simple siffiiature of the indorser on the bill, without 
 additional words, is sufficient ; 
 
 An indor.sement written on tin allon<fe, or on a " copy " of a bill 
 issued or nepjotiateil in a ctamtry where "copies" are recognized, is 
 deemed to be written on the bill itself: 
 
 (h.) It must be an indor.sement of the entire bill. A partitil in- 
 doi'sement, that is to .say, an indorsement whicli pinports to transfer 
 to the indorsee a part only of the tmiotnit jmytible, or which jnirports 
 to transfer the bill to two (U* more indorsees severally, does not 
 operate as a neffotiation of the bill ; 
 
 (6'.) Where a bill is payable to the order of two or more payees or 
 indor,sees who are not ptirtners, all must indtu'se, unless the one in- 
 dorsing has authority to indor.se for the others : 
 
An Act Hki.ai'in'u m r.ii,i,s ui' KxciiANdK, CiiKiirKs, &c. 
 
 167 
 
 2. VVhcrc, ill n l>ill piivuMc to unliT, tlic pay'''' '»'' iinlnrHcc ih Minitpclliin;. 
 wroii^'ly ilcsii^iiiitt'il, di" liis luiinc is niissjirlt, lu' imiy imloisc the liill 
 MS tlit'rciii (Icsc'i'ilit'd, nddin^ liis |)ru|)('i' Nif^iiatui'f ; <»r lie may imlorHt' 
 liy Ills (»\v!i projicr sij,'Matiirr ; 
 
 ;{. Wlici'f tlit'ft' an- two nr more iiiiltirscincnts nii a liill, cacli in- Onlcr <>r in- 
 
 ilorsciiu'iit is (Icfiiicil ti> liavi' Im'cii mailf in the iu'dcr in wiiifli it ' "'^^"'"''''"' 
 appears on the liill, until tlif contrary i.s provi-d ; 
 
 4. All iinlorMcmcnt may !»■ made in Idank or special. It may also S|h'cuI in- 
 
 contain terms niaUin^' it restrictive. (Inrstnicni. 
 
 33. Where i liill purports to he indorsed <'oiiditiona,lly, the comli- ('oiiiliiicmal 
 tioii may he disn I'ardeil hy the payer, and payment to the indorsee ""'""^''>"'"'- 
 is valid, whctiier th" conditiiai has hccii rnltiiled or not. 
 
 34. An iiidorseineiil in hIanU specifies no indoi'sec, and a hill so lii<l'>rscmrni 
 
 III I I 1 I . . >» '>lnnk. 
 
 mdorsed liceomes payanle to bearer . 
 
 2. A special imlorsemeiit specifies the [lersoii to whom, or to whose Spccinl in- 
 
 ordci-, the hill is to he jiayiihlc; dorscmfiU. 
 
 H. 'I'he provisions ol" this Act relating; to a ))ayee apply, with the Appliraiion 
 
 necessary modifications, to an indoi>."e under u sjiecial indorsciiieiit : 'j' '^'J '" '"' 
 
 4. \Vht!i'(' a hill has hecn imlorsed in hlank, any holder may con- c (iiivcrsii)n of 
 
 vert the hlank indorsement into a special indorsement hy writing I'lanU imlurso- 
 ahove the inilor.ser's si^rmiture a direction to pay the liill to or to tlu 
 order of hiniHclt' or some other person. 
 
 DU'lll. 
 
 35« An indorsement is restrictive which prohihits the further Kcstrictivu 
 
 iien-dtiation of the hill, or which expres.ses that it is a. iiu re authority ""'"'•'^I'li'i^^"'- 
 to deal with the hill as therehy directi'il, and not a transfer of the 
 ownership thereof, as, for example, if a hill is endorsed " Pay I) 
 only," or " I'ay D for the account of X," or " Pay I), or oi'der, for col- 
 lection :" 
 
 2. A restrictive indorsement ffives the indorsee the riyht to receive Kij-iu ,,f j,,- 
 payment of the hill and to sue any l)arty thereto that his indor.sei- iloisif iliciu- 
 could have sui'd, iait ^dves him no power to transfer his rights as in- ""' ^'''• 
 dorsee unless it exjiressly authorizes him to do .so; 
 
 ']. Where a restrictive indorsement authorizes further transfer, all if rmilicr 
 suhseijuent indorsees take the hill with the .same ri^'hts and suhject "••>|>''I'' >'' 
 to the .same liahilites as tiie first indorsee under the restrictive in- ''" 
 dorsemeiit. 
 
 36. Where a hill is neifotiahle in its orif,nn, it continues to he Whi-n lu-go- 
 iiej^'otialile until it has heiiii {<i) restrictively indorsed, or (h) dis- i''>'''i-" '''" 
 char^vd liy payment or otherwise; ccxscsu, U-s.. 
 
 2. Where an overdue hill is neif(itiate(l, it can Ik' ncffotiateil only ^i.g,,tji,(i,,ii 
 suhject to any defect of title afrectiiijr it at its m;ituritv, and thence- »f ovcniuc 
 forward no per.sou who takes it can acipiire or ^'ive a hettei' title '""• 
 than thai which had the |iers<in from whom he took it; 
 
 '■i. A hill payalile on <lemand is deemed to he overdue within the winn i,iii 
 meaning and for the pur|ioses of this section, when it a])pears on the ili'cmcd over- 
 face of it to have heeii in circidation for an unreasonalile lene;th of ''"'^'' 
 time; what is an uni'ea.sonahle leiie^th of time for this pui'pose is a 
 (piestion of fact ; 
 
 4. Kxcejit where an indoi'.semcnt hears date after the maturity of I'lcsuininioii 
 the hill, every uej^otiation is j)Tima facie deemed to have heen eilect- •','*_J" ncgotia- 
 ed hefore the hill was overdue ; 
 
 !!i 
 
 lion. 
 
168 
 
 An Act Relating to Bills of Exchanoe, Cheques, &c. 
 
 Taking bill 5. Whoro 11 bill wlucli is not overdue has boon dislionorod, any 
 
 dishonor"' '" P''=''^"" wli" takes it with iiotiec of tlic dishonor takes it suhjeet to 
 
 any defect of titli' attachiii^f thereto at the time of (Hshoiior: luit 
 
 nothinf:f in this siih-soction shall affect th(^ ri<,dits of a holder in duo 
 
 course. 
 
 ■ 
 
 NcKotiaiion of 37. Where a liill is nej^otiated back to the drawer, or to a jn-ior 
 bill to party indorser, or to the acceptor, such party may, subject to the jjrovisioiis 
 
 "he^-on "'''''''' "^" *^'^''" ^^'^' '■^'■i'"'''^"^' '">'' ^""I'ther negotiate the bill, but he is not en- 
 titled to enforce the ])ayment of the bill ati^ainst any intei'vening 
 party to wiiom he was previously liable. 
 
 Rights of tho 
 holder. 
 
 When pre- 
 sentment for 
 acceptance is 
 necessary. 
 Express stipu- 
 lation as to 
 presentment. 
 
 No present- 
 ment in any 
 other case. 
 Necessary de- 
 lay for pre- 
 sentment. 
 
 38. 'I'he rights and powers of the holder of a bill are as follows : — 
 
 {(I.) He may .sue on the bill in his own name; 
 
 (/;.) Where he i.s a holder in due cour.se, he liolds tlie bill free from 
 any <lefect of title of ])rior ])arties, as well as from tnere personal de- 
 fences available to prior pai ..ies among themselves, and may enforce 
 payment against all parties liable on the bill ; 
 
 (('.) Where his title is dt-fective, (1) if he negotiates the bill to a 
 holder in ilue course, that holder obtains a good and complete title to 
 the bill, and (2) if he obttiins payment of the bill the person win 
 ptiys him 
 
 \n due course gets a valiil discharge for the bil 
 
 General Duties of ihc Holder. 
 
 39. Where a bill is payablt> at sight or after sight, presentment 
 f(H' iiccepttmce is necessary in oriler to tix the mtiturity of the instru- 
 ment : 
 
 2. Whert^ a bill expressly stipulates that it shall be presented foi' 
 acceptance, or where a liill is drawn paytible elsewhere than at the 
 residence or place of Inisiness of the drawee, it must be presented for 
 acceptance ln'fore it can be pi'csented for payment: 
 
 8. In no other case is presentment for accepttince necessary in order 
 to render liable any party to the bill : 
 
 4. Where the holder of a bill, drawn payable elsewhere than at 
 the place of business or residence of the drawee, has not time, with 
 the exercise of reasonable diligence, to present the bill for acceptance 
 liefore presenting it for ))ayment on the day that it falls due, ti\e de- 
 lay cau.sed by presenting tht; bill for acct^ptance biifore presenting it 
 for payment is excu.sed, and does not discharge the drawer and 
 indorser.s. 
 
 ted 
 
 As to reason- 
 able lime. 
 
 Time for jire- ^O, Subject to the ])rovisions of this Act, when a bill payable 
 senting bill after sight is iiegotiateil, the holder must either present it for accei)t- 
 pay.able after ^^l^Q^, ,,j. ncfrotiate it witliiii a reasonid)le time : 
 
 cijrnt ~ 
 
 If not presen- -• If he does not d.o SO, the drawer and till indorsers j)rior to tliat 
 holder are dischaiged : 
 
 .'i. In determining what is a reasonabU' time within tlu' meaning 
 of this .section, ri'gard shall be had to the natiu'e of the bill, the 
 u.sage of trade with respect to similar bills, and the facts of the par- 
 ticular case. 
 
 Rides as to 41. A bill is duly presented for acceptance which is presented in 
 
 nre.sentment accordance with the following rules: 
 
 000^'^''''^ ("•) 'l''i^' pi'esentment must lie made by or on behalf of the holder 
 
 to the drawee or to souk person authorized to accept or refuse ac- 
 
An Act Rei.atin(i to IIh.ls or Exchanoe, Cheques, &c. 
 
 IG!) 
 
 ceptiuic(' on liis iKihalf, at a roasfnialiN' hinir on a husint'Hs day ami 
 lu't'm'c tlu! l)ill is ovcnluc : 
 
 (h.) Wlieii! a bill is addrussod to two or more drawees, who are 
 not partners, presentment nnist lie made to them all, unless one has 
 authority to accept for m11, when presentment may ]»e made to him 
 only ; 
 
 (c.) Where the drawee is dead, presentment may he made to his 
 personal representatixe : 
 
 (<l.) Where authoi'izeil liy afijreemcnt or usafjje, a presentment 
 throufjh th(! post office is suffici(!iit: 
 
 2. Presentment in accordance with these rules is excuseil, and a Excuses for 
 liill may he treati'd as dishonored hy n()n-acce])tance — 
 
 {(i.) Where the drawee is (hvid or hankrupt, or is a fictitious person 
 or a ptirson not haviiiff capacity to contract hy hill : 
 
 (/;.) Whei'e, after the exercise of reasonable dilif^cmce, such present- 
 ment cannot Ik^ effected : 
 
 (c.) Where, althouf^h the presentment has been irrefjfidar, accept- 
 ance has been refused on some other ^'ound : 
 
 8. The fact that the holder has i-eason to b-elieve that the bill, on Wkmi iherc is 
 presentment, will be dishonored does not excuse pi'esentment. 
 
 non-present- 
 niont. 
 
 no excuse. 
 
 42. When a bill is duly presented for acceptance and is not ac- Non-acccpi- 
 cepted on the day of pi'esentment or within two days thereafter, the «nce. 
 Tson presenting it must treat it as dishononid by non-acceptance. 
 
 If lie does not, the holder shal 
 drawer and indorsers. 
 
 lose liis riijht of recourse aji^ainst the 
 
 I H 
 
 43. A bill is dishonored by non-acceptance — 
 
 (<i.) When it is duly pi'esentetl for acceptance, and such an accept- 
 ance as is prescribed by this Act is refused or cannot be obtained ; 
 or — 
 
 {b.) When presentment for acceptance is excused and the bill is not 
 accepted : 
 
 2. Subject to the provisions of this Act, when a bill is dishonored 
 by non-acceptance an innnediate ri(,dit of rec(Hirse against the drawer 
 and indoi'sers accrues to tlu' holdei', and no presentnu'ut for payment 
 is necessary. 
 
 Di-shonor l)y 
 non-accepl- 
 anoe and ils 
 consec|ucnccs. 
 
 Recourse in 
 such case. 
 
 The holdi r of a liill may refusi' to take a ((ualified acceptance, As to ([ualiticd 
 le does not obtain an un(|ualitied acceptance may treat the acceptances. 
 
 44. 
 
 and if 
 
 lull as dishonored by non-acceptance: 
 
 2. Where a (|ualitied acceptance is taken, ami the drawer or an in- 
 dorser has not expressly or impliedly authorized the holder to ttike a 
 i|Ualitied acceptaiic(>, oi' does not subsei|uently a.sseiit thereto, such 
 drawer or indorser is dischar^e<l from his lialiility on the bill ; 
 
 The provisions of tliis sub-section do not apjily to a partial accept- 
 ance, whereof dtie notice has been ^'iven. Where ai foreign bill has 
 been acce]»tt'd as to part, it must be protested as to the balance : 
 
 'A. When the (hawer or indorser of a bill receives notice of ii ipiali- 
 lied acceptance, ami does not within a reasonable time exjiress his 
 ilissiMit to the holder, he shall be deemed to ha\'e assented thereto. 
 
 If taUen with- 
 out authority. 
 
 I'aitial accept- 
 ance. 
 
 What shall Ijc 
 tleenied as- 
 sent. 
 
 45. Subject to till' provisions of this Act, a l)ill must be ihdy pre- I'resentnient. 
 sinted for payment. If it is not so presented, the drawer and in- ^"' I'aymcnt. 
 ilorsers shall be di.scharfred : 
 
 21 
 
 m 
 
170 
 
 A.N Act Relating to Bills of Exchange, Cheques, &c. 
 
 RuIl's as to 
 presentment. 
 
 2. A bill is duly presented fur paynieiit which is presented in 
 accordance with the foilowiniif rides : — 
 
 (((.) Where tlie hill is not [)ayal)k' on (h'niaiid, presentment nnist 
 be made on the day it falls due: 
 
 (/>.) Where the bill is payable on deman<l, then, suliject to the pro- 
 visions of this Act, presentment nnist be made within a reasonable 
 time after its issu(\ in order to render the drawer liable, and witliin 
 a reasonable time after its indorsement, in order to render the indorser 
 liable ; 
 
 In determining^ what is a reasonalile time, ro^gard shall be had to 
 the nature of the bill, the usao-c of track' with re<i;ard to similar bills, 
 and the facts of the [jarticnlar case: 
 
 (<:) Presentment nmst be inaile by the holder or by some person 
 authorized to receive payment on liis behalf, at the ja'oper place, us 
 hereinafter defined, either to the person desig'nated by the bill as 
 payer or to his representative or some person authorize<l to pay or 
 refuse payment on his behalf, if, with the exercise of reasonable dili- 
 gence, such pei'son can there be found; 
 
 ((/.) A bill is presented at the proper ])lace : — 
 
 (1.) Whei'e a place of ])ayment is specified in the bill or acceptance, 
 and the bill is there presented: 
 
 (2.) Where no jilace of payment is speeiHed, but the address of the 
 drawee or acceptor is ^iven in the bill, and the bill is there pre- 
 sented ; 
 
 (8.) Where no place of payment is specified and no address ^iveii, 
 and the bill is presented at the drawee's or aceeptijr's place of busi- 
 ness, if known, and if not, at his ordinary residence, if known ; 
 
 (4.) In any otlu'r ease, if presented to the drawee or accei)tor 
 wherever lie can be found, or if presented at his last known place of 
 business or residenci' : 
 
 8. Where a bill is presented at the proper place, and, after the ex- 
 ercise of reasonalile dili^fence, no person authorized to pay or refusi; 
 payment can lie fouml there, no further presentment to tlu' ilrawee 
 Of acceptor is reipiired : 
 
 4. Where a bill is dravn upon, oi' accepted by two oi' moi'o [ler- 
 sons who are not partnei's, and no place of payment is specified, pre- 
 sentment must be made to them all ; 
 
 5. Where the di'awee or acceptor of a bill is dead, and no place of 
 payment is specified, presentnu'ut nnist lie made to a personal re]ire- 
 sentativi', if such there is, and with the exei'cise of reasonalile dili- 
 gence he can be found : 
 
 (). Where authorized liy agreement or usage, a presentment 
 through the post oflice is sufficient; 
 
 7. Where tlu; place of payment speciHi'd in the liill or acceptance 
 is any city, town or village, and no [ilace therein is specified, and the 
 bill is presented at the drawee's or acceptor's known place of busi- 
 nees or known <irdinary icsidence therein, and, if tlu'ri' is no .•-•.icli 
 place of liusiness or residence the bill is |ii-esente(l at the ]iost i <lici', 
 or principal post office in such city, town or village, such picseiitment 
 is sutlicient. 
 
 Excuse for 4-6. Delay in making pi'i'sentnient for payment is excused when 
 
 delay in pre- the delay is causeil liy circumstances lieyond the control of the 
 
 scntniLiu lor holder, and not iminital tie to his ilefaidt, misconduct or neiflitience. 
 
 payment. ' • t> n 
 
 :l^ 
 
An Act Relatino to Bhj.s ov RxoiiANfiE, Cfiequeh, &c. 
 
 171 
 
 1 
 
 When such 
 jirt'senliiient 
 IS dispensed 
 with. 
 
 When the canst" of delay ccaHOH to oj.ci'atc, prosontiuont iniiHt be 
 iiiado with rcasonablt! dili^foiict' ; 
 
 2. PiVKcntinunt for payiiicnt is disiu'iiscd witli — 
 
 (('.) Wliei'L', aftci' the cxcivisc of rcusoiialile dili^'ojico, presimtniont, 
 us r('(|uii'('d \>y tliis Act, cannot l>c cttbctetl ; 
 
 The fact that the lioldei- has reason to believe that the liill will, on 
 presentment, lie dishonored, does not dispiMist? with the nec(;ssity for 
 j)i-('sentnient : 
 
 (/*.) Whoi'e the di'awee is a Petitions person; 
 
 (c.) As regards tlie drawer, where the drawee or acceptoi- is not 
 hdund, as between himself and the di'awer, to .I'oept oi' ]iay the bill, 
 and the drawei' has no reason to belies'e that tlf bill wonld be j)ai<l if 
 presented ; . 
 
 {(L) As I'efrards an indorser, when^ the bill was accepted or made 
 for the acconnnodation of that indorser, and he has no reason to 
 (■x]iect that the bill wonld be paid if presenttfd ; 
 
 {r.) By waiver of jiresentment, expivss oi- implied. 
 
 4-7. A bill is dishonored by non-payr.ient (a) when it is dnly pre- Dishonor t)y 
 
 sented for payment and payment is refnsed or cannot be obtained, or n"n-l«yi'"-'nt' 
 (h) when prtssentment is excused and the bill is overdue and unpaid ; 
 
 2. Subject to the ])rovisions of this Act, when a bill is dishonored Recourse in 
 
 liy non-payment, an innnediate ri<fht of recour.se ao;ainst the drawer, such case, 
 acceptor and indorsers accrues to the holder. 
 
 48. kSubject to the provisions of this Act, when a bill has been ^Wicc ;." dis- 
 
 dishonored by non-acceptance or by non-payment, notice of dishonor 
 must be given to the drawer and each ind(n'ser, and any drawer or 
 
 f^'>- -— «^ ' 
 
 indor.ser to whom such notice is not given is discharged ; Provided 
 that— 
 
 (II.) Where a bill is di.slionored by non-acceptance, and notice of 
 ilishoner is not given, tlie rights of a holder in due ccau'.se suliseciuent 
 to the omission shall not lie prejudiced by the omission: 
 
 (h.) Where a bill is dishonoi-ed by mai-acceptance and due notice 
 of dishonor is given, it shall not be necessary to give notice of a sub- 
 s('(|iient dishonoi' by non-])ayment, unless the bill shall in the mean- 
 time have been accej)ted. 
 
 49. Notice of dishonor, in order to be valid and effectual, must be Rules 
 •fiven in accordance with the following rules: — 
 
 (ii.) The notice must be given by oi- on behalf of the holder, or by 
 or on behalf of an indor.ser who, at the time of giving it, is himself 
 liable on the bill : 
 
 (/*.) Notice of dishonor may be given by an agent either in his own 
 name, or in the name of any party entitled to give notice, whether 
 that party is his principal or not: 
 
 (('.) Where the notice is givi'U by oi' <ai behalf of the holder, it 
 enures for the lienefit of all sub.setiuent holders ami all prior in- 
 dorsers who liave a right of recourse against the party to whom it i.s 
 ^ivcn : 
 
 (il.) Where notice is given liy or on behalf of an indorser entitled 
 to give notice as hereinbefore provided, it enures for the benefit of 
 the holder and all indorsers ,sub,se(iuent to the party to whom notice 
 is given ; 
 
 {('.) The notice may be given in writing or by personal connnuni- 
 
 hor.or and 
 L'tlcct of nor>- 
 notice. 
 
 as to 
 notice of dis- 
 honor. 
 
 il 
 
 bK 
 
 
172 An Act Relatino to Bills of ExruANOE, Cheques, &c. 
 
 cation, and may lie j^nvcn in any tci-nis wliieli suUiciontly idcntiiy 
 tlio liill and intimate that tliol>ill haslxH'n dislionorcM' by non-accopt- 
 ance or non-jiaymcnt ; 
 
 (/.) The rctnrn of a disli()n()n'<l liiil to tlie drawer or an indorscr 
 is, in point of form, deemed a sutKeient notice of dislionoi' ; 
 
 (//.) A written notice need not l)e si^nied, and an insufficient 
 written notice may lie supplemented and validated hy verbal ctim- 
 n'.unication. A misdescription of the hill shall not vitiate the notice, 
 unless the party to whom the notice is pven is in fact misleii 
 thereby : 
 
 (//.) Where notice of dishonor is recpiired to be j^'iven to any 
 person, it may be ^nven either to the party himself, or to his a^ent 
 in that behalf : 
 
 {i.) Where the drawer or imlorser is dead, and the party pi^'ini; 
 notice knows it, the notice nnist be jfiven toa personal representative, 
 if such there is, and, with the exercise of reas()nal)le dili<i;ence, lie 
 can be found ; 
 
 (j.) Where there are two or more drawers oi' endorsers who ai'e 
 not partnei's, notice nnist be jfiven to each of them, unless one of 
 them has authority to receive such notice for the others ; 
 
 (/.'.) The notice may be ffiven as soon as the bill is dislumored, and 
 must be given not later than the next following juridical or business 
 day: 
 
 2. Where a bill, when dishonori'd, is in the hands of an agent, he 
 may either liimself give notice to the pai'ties liable on the bill, or he 
 may give notice to his ))rincipal. If he gives notice to his ])rincipal, 
 he must do so within the same time as if he were the holder, and 
 the principal, upon receijit of such notice, has himself the same time 
 for giving notice as if the agent had been an independent holder: 
 
 ']. Where a party to a bill receives due notice of dishonor, he has, 
 after the receipt of such notice, the same period of time for giving 
 notice to antecedent parties that the holder has after the dishonor: 
 
 4. Notice of the protest or dislionoi- of any bill payable in Canada 
 shall, notwithstanding anything in this section contained, be suffici- 
 ently given if it is addi'es.sed in due time to any party to such liill 
 entitleil to such notice, at his customary address or place of residence 
 or at the place at which such bill is dated, unless any such party has, 
 under his signature, designated another ])Iace ; and in such latter 
 case such notice shall be sufficiently given if addressed to him in due 
 time at such other place ; and such notice so addressed shall l)e 
 sufficient, although the place of residence of sucli party is other than 
 either of such above-mentioneil places ; and such notices shall be 
 deenuMl to have been <luly served and given for all purposes if it is 
 deposited in anj' post office, with the postage paid thereon, at any 
 time during the <lay on which such protest oi' presentment has been 
 nnule, or on the next following juridical or business day ; such notice 
 shall not lie invalid by I'eason of the fact that the pai'ty to whom it 
 is adilressed is dead : 
 Miscarriage in 5. Where a notice of dislionoi' is duly aildressed and posted, as 
 post stTvicts above pn)vided, the sender is deemed to have given du(! notice of 
 dishonor, nothwithstanding any miscarriage by the post office. 
 
 If dishonorcil 
 bill is in 
 hands of an 
 agent. 
 
 Notice to an- 
 tecedent par- 
 ties. 
 
 When notice 
 shall 1)0 given. 
 
 Excuses for 
 non-notice 
 and delay. 
 
 50. Delay in giving notice of dishonor is excusiMl where the delay 
 is caused by circumstances beyond the control of the party giving 
 notice, and not imputable to his default, niiscouduct, or negligence: 
 
IC. 
 
 An Act Relating t(i Bills of Exchange, Cheqttes, &c. 
 
 173 
 
 itly idcnitii'y 
 y non-acci'pt- 
 
 V !in indorser 
 lor ; 
 
 I insufficient 
 verba] Cdin- 
 
 te tlu' notice, 
 fact niisleil 
 
 ;iven to any 
 to liis a^ent 
 
 party gi^'ino; 
 presentative, 
 (lili<;'ence, ]\r 
 
 sers who are 
 nlcHs one ol" 
 
 honored, and 
 
 II or Imsiness 
 
 whon the cause of delay ceases to operate the notice nuist he given 
 with reasonalih' dilifrencc : 
 
 2. Notice of dishonor is dispensed with — 
 
 {i(.) When, after the exercise of reasonable diligence, notice, as 
 reijuired liy this Act, cannot he given to or does not I'each the drawer 
 111' indorser sought to be charged : 
 
 (h.) By waiver express or implied: notice of dishonor may be 
 waived before the time of giving notice has arrived, or after the 
 omission to give due notice : 
 
 (r.) As regards the drawer, in tlie following cases, namely, (1) 
 where drawer and drawee are the same ])ei'son, (2) where the drawee 
 is a tictiticms person or a imm'sou not having capacity to contract, (8) 
 where the drawer is the person to whom the bill is presented for 
 ])ayment, (4) wliere the drawee or accei)tor is, as betwcien himself and 
 tlie drawer, under no obligation to accept or pay the bill, (5) where 
 the drawer has countermanded payment ; 
 
 ((/.) As regards the indorser, in the following cases, namely, (1) 
 where the drawee is a ti( titious person or a person not having 
 capacity to contract, and the indorser was aware of the fact at the 
 time he indoi'sed the bill, (2) where the indorser is the person to 
 whom the bill is presented for payment, (8) where the bill was ac- 
 cepteil or maile for his acconniiodation. 
 
 When notice 
 is (lispcnsi'd 
 with. 
 
 I 1,1 
 
 an agent, he 
 he bill, or he 
 his ])rincipal. 
 
 holder, find 
 le sfime time 
 it holder: 
 onor, he litis, 
 e for giving 
 lie dishonor : 
 le in Can.-idii 
 :d, be sutiici- 
 
 to such bill 
 ' of residence 
 ;;h pjirty litis, 
 I such latter 
 o him in due 
 sed shall be 
 is other tlitui 
 tice shall be 
 •poses if it is 
 ei'eon, at any 
 lent has been 
 : such notice 
 y to whom it 
 
 id po.sted, as 
 lie notice ol 
 ; office. 
 
 ere the delay 
 party giving 
 ■ negligence : 
 
 51. Where tin inlfuid bill litis been dishonoreil it may, if the 
 holder thinks tit, be noted and protested for non-acc(!j)tance or iion- 
 ])iiyment, as the cti.se mtiy be : but, subject to the provisions of this 
 Act with respect to notice of dishonor, it shall not, except in the 
 Province of Quebec, be necessaiy to note or [a'otest tuiy such bill in 
 order to preserve the recourse tigtiiiisi, the drtiwer or indorser; but 
 in the case of a bill drtiwn upon tiny ])er.s()n in the Province of Quebec, 
 or ptiytible or ticcepted at tuiy place therein, in default of prote.st for 
 non-ticceptance or non-ptiyment, as the cast' mtiy be, and of notice 
 thereof, the parties litible on the bill other than the ticceptor tire dis- 
 charged, subject, nevertiieless, to the exceptions in this .section here- 
 inafter conttiined : 
 
 2. Where a foreign bill, appetiring on the face of it to be .such, has 
 lieeii dishonored by non-ticceptance, it must be duly protested for 
 non-acceptance, and where such ti bill, which litis not been previously 
 di.shonored by non-ticceptaiice, is dishonored by mai-payment, it 
 mu.st be iluly protested for noii-ptiyment. If it is not .so prijtested, 
 the drtuver and iiidorsers are dischtirged. Wlieri' ti bill does not ap- 
 pear on the fact! of it to be ti foreign bill, pi'otest thereof in ctise of 
 dishonor, excejit as in this .section [)rovided, is unnece.s.stiry : 
 
 8. A bill which has been protested for non-acceptance, or a bill of 
 which protest for non-accptance litis been waived, may be sub.se- 
 (|Ueiitly protested for non-payment: 
 
 4. Subject to the provisions of this Act, when ti bill is protested 
 the p'/otest must be made or nott'<lon the ilay of its disiionor. When 
 ii bill litis lieeii <luly noted, the protest may be sub.sequently extended 
 iis of tile dati' of tlu' noting: 
 
 5. Where the acceptor of a l>ill becomes bankrupt or su.spenils pay- 
 ment before it mtituri's, the holder mtiy cause the bill to be protested 
 tor better security against the drtiwer ami indor.sers : 
 
 (). A bill nuist be protested at the place where it is dishonored, or 
 
 Noting or pro- 
 test of l)ill. 
 
 Protest of 
 foreign bill. 
 
 .Subseqiient 
 protest. 
 
 Time for 
 noting. 
 
 If .acceptor i^ 
 insolvent. 
 
 Where bill 
 
 ill 
 
174 
 
 An Act Relatind to Bills of Exchange, Cheques, &c. 
 
 must he prd- 
 tcsted. 
 
 What protest 
 shall set forth. 
 
 If hill is lost, 
 &c. 
 
 Excuses for 
 non-protest 
 anil delay. 
 
 Officer of hank 
 not to act as 
 notary. 
 
 Liahility of 
 acceptor as to 
 presentment. 
 
 No protest or 
 notice neces- 
 sary. 
 
 Presentment 
 for payment. 
 
 Funds in 
 hands of 
 drawer. 
 
 Liahilily of 
 acceptor. 
 
 lit s()iii(> other place ii) (kiiiulii situate witliin five miles of the ]ilacc 
 of pi-esentmeiit and <lish(iiic)i- of siieli hill : I'fovided tleit — 
 
 (<(.) When fi hill is pi-eseiited tln'otin'li the post olliee, and returned 
 hy post (lislioiiorud, it may ho ])r()tested at the plae(( to which it is 
 returned, not later than on the day of its return or the next JiU'idicil 
 day; 
 
 (/;.) Every protest for dishonor, either for non-acceptance or non- 
 payment, may he made on the day of such dishonor at any time after 
 non-acceptance, oi' in case of non-payment, at any time after three 
 o'clock in the afternoon : 
 
 7. A protest must contain a copy of the liill, or the ori<,dnal hill 
 may he annexed thereto, and the protest mtist he si^nied hy the notaiy 
 makini,' it, and must specify — 
 
 {a.) 'I'he per.son at who.se re(|uest the hill is protested ; 
 
 (b.) The ))lace and date of jirotest, tin; cause or reason for protest- 
 in^f the hill, the demand made, au'' the answer oiven, if any, or the 
 fact that the drawee or accept "• could not he found : 
 
 iS. Where ji hill is lost or destroyed, or is wrongly or accidentally 
 detained from the person entitled to liold it, or is accidentally retained 
 in a jilace other than where payahle, protest may lu' made on a copy 
 or written particulans thereof: ' 
 
 !). I'rote.st is dispensed with hy any circumstances whicli would 
 dispense with notice of dishoiKM'. Delay in notinif or protesting;' is 
 excu.sed when thi; delay is caused hy circtniistances heyond the con- 
 trol of the holder, and not im])utah|e to his <lefault, misconduct or 
 neo'lioviice. When the cause of delay ceases to operate, the hill must 
 he noted or protested with reasonahle dili^'ence. 
 
 10. No clerk, teller or ao;ent of any hank shall act as a notary in 
 the jirotestini,' of any bill or note payahle at the hank or at any of 
 the hi'anches of the bank in which he is employed. 
 
 52. When no place of payment is specified in the hill or accept- 
 ance, presentment for payment is not neces.sary in order to render 
 the acceptor liable ; 
 
 2. When a place of paynnnit is specititMl in the bill or acceptance, 
 the acceptor, in the absence of an express stipulation to that effect, is 
 not discharged by the omission to present the bill for payment on the 
 day that it mattires, but if any suit or action be instituted thereon 
 befori! presentiition the co.sts thereof shall be in the discretion of the 
 court : 
 
 3. In order to render th acce])tor of a bill liabh,', it is not neces- 
 sary to protest it, or that notici? of dishonor shoidd be given to him : 
 
 4. Where the holder of a bill presents it for payment, he .shall ex- 
 hibit the bill to tht! person from whom he demands payment, and 
 when a bill is paid the holder shall forthwith ileliver it uj) to the 
 party paying it. 
 
 lAahiliiies of Parflfx. 
 
 53> A bill, of itself, does not operate as an assignment of funds in 
 the hands of the drawee availalile for the payment thereof, and the 
 drawee of a bill who does not accept as retpiired by this Act is not 
 liable on the instrument. 
 
 64. The iiccejitor of a bill, liy accepting it — 
 
 {n.) Engages that he will pay it according to the tenor of his ac- 
 ceptance ; 
 
w. 
 
 An Act Relatincj to I^im,s or Exchanoe, Cheques, &c. \7!i 
 
 (li.) Is prccIiuhMl from dt'iiyiiiff t<> i\ holder in duo course — 
 
 (I.) TIk' existence of the (h'liwer, the n-einiineiiess of liis sij^nature, 
 inid Ills nipacity mid authority to draw tlie l)ill; 
 
 (2.) In the case of a bill payalile to drawer's order, the then eapa- 
 eity of the drawer to indorse, hut not the genuineness or validity 
 di' liis indorsement : 
 
 (S.) In the case of a Kill payaliK' to the ordei' of a third person, the 
 existence; of the ])ayee and his then ca])acitv to iiulorse, hut not the 
 ^Genuineness or validity of his indorsement. 
 
 55. 'i'he dr;iwer of a hill, hy drawin<j; it I.iabiliiy of 
 (".) Kngae;t's that on ihie presentment it shall lie accepted and 'Ir^iw^r- 
 
 jiaid according to its tenoi", and that if it is dishonored he will coni- 
 ]iensate tlu- holder or any indoi'ser who is compelleil to pay it, |)ro- 
 vided that the i'e(|uisite proceeilings on dislionor ari' iluly taken ; 
 
 (//.) Is precluded from denying to a holder in due course the 
 existenet; of the payee and his then capacity to indorse : 
 
 2. The indorser of m liill, hy ijidoi-sing it — ',ial)iliiy ofin- 
 
 ((/.) Engages that on due presentment it sludl he nccepteil and ]iaiil tot^f^t. 
 according to its tenor, and that if it is dishonore(l he will compensate 
 the holder or a suhseiiuent indoi'ser wlio is compelled to pay it, pro- 
 \ideil that the i'e(|uisite pi'oceedings on dishonor are iluly taken; 
 
 (/*.) Is precluded IVom denying to i! holder in due course the genu- 
 ineness and regularity in all respeets of the drawei''s signature and 
 all previtms indorseuu'uts ; 
 
 (<:) Is precluded from denying to his immediate oi' a sul)se(|Uent 
 indoi'see that the hill was, at the time of his indorsement, a valid and 
 suhsisting hill, and that he had then a good titli- thereto. 
 
 56. Where a ]ierson signs a liill otherwise than as a drawer or ac- Stran^'cr sign- 
 cept(a-, he thereliy incurs the liahilities of an indoi-ser to a holder in '"l- lull, liable 
 due c(nirse, and is suhject to all the provisions of this Act respecting 
 
 indorse r.s. 
 
 57. Where a lull is dishonored, the measure of damages which Measure of 
 shall he deemed to he li(|uidated damages, shall he as foll.)\vs: — ilamat;e.s 
 
 (".) The holder may I'ccover fi-om any Jiarty liahle on the hill, the foTlil'lumorc'tT 
 drawei' who has heen com[)elled to [)ay the hill may recover fi'om the hill, 
 acceptor, and an indorst-r who has heen compc^Ued to pay the hill 
 may recover from the acci^itor or from the drawer, or from a prior 
 indorser — 
 
 (I.) Till' amount of the hill ; 
 
 (2.) luteivst thereon from the time of presentment foi' payment, if 
 the hill is payalile on demand, and from the maturity of the hill in 
 any (itlier case ; 
 
 {H.) The e.\i)enses of noting and protest: 
 
 (/'.) In the case of a hill which has heen dishonored ahroad, in ad- 
 dition to the aho\e damages, the holder may recover from the 
 drawei- or any indorse)-, and the drawei' or an iiidtir.ser who has hei'U 
 com])elled to pay tlu^ hill may recover from any party liahle to him, 
 the amount of the iT-exchange with interest thereon until the tinu' 
 of ]iayment. 
 
 58. Where the holder of a hill payahle to hearer negotiates it hy riansfiiror 
 delivery without indorsing it, he is calleil a " transferrer hy delivery." ''y <li;livi.ry. 
 
17(5 
 
 An Act Relatino to ]^ii,i,s oi" Exciianoe, Cheques, &c. 
 
 Lialiility. 2. A transferror l)y dulivcry is not lial)l(' on the instrument; 
 
 Warranty. 3. A transferrer liy delivery who nef,'otiates a liill tlierel)y wnr- 
 
 rants to liis iimiieiiiate transferee, lieinff a holder for vahie, that the 
 bill is what it |)ur[>oi'ts to he, that lie has a ri^dit to transfer it, and 
 that at the time of transfer he is not aware of any fact wliich ren- 
 ders it valuules,s. 
 
 Dixfliiinic of Hill. 
 
 59. A hill is diseharf^(!d by payment in due course l)y or on hehalF 
 of tlie drawee or acceptor: 
 
 "Payment in due course " means payment maile at or after the 
 niatui'itr^'^ of the hill to the holder thereof in i^ood faith and without 
 notice that his title to the Itill is defective; 
 
 2. Subject to the provisions lienMiiafter contained, when a bill is 
 ])aid by the drawer or an indorsur, it is not tlischarfred, hut — 
 
 {<!.) Where a bill ])ayabl(( to, or to tlu; order of, a third pai'ty is 
 paid by the drawer, tlu' drawer may I'uforce payment thei'cof a^'aiiist 
 the acceptor, lait may not re-issue the bill; 
 
 {h.) Where a bill is paid by an indcu'ser, or where a bill payable to 
 drawer's order is paid by the drawer, the party l)ayinff it is i-enutted 
 to his former ri<j;hts as i'e<;-ards the acceptor or antecedent parties, 
 and he may, if he thinks fit, sti'ike out his own and subse(|uent in- 
 dorsements, and aifain nea'otiate the bill ; 
 Accommoda- '^- Where an accommodation liill is ])aid in due course by the jjarty 
 tion bill. acconnnodated, the bill is discharged. 
 
 Dischar(;c li; 
 paymont. 
 
 Payment in 
 due course. 
 
 Payment by 
 drawer or in- 
 ilorser ; its 
 ert'ect. 
 
 Accc|)t()r the 60" When the acceptor of a bill is or becomes the holder of it at 
 
 holder at ma- or after its maturity, in his own right, the bill is discharged. 
 
 turily. 
 
 6ia When the holder of a bill at or after its maturity alisolutely 
 and unconilitionally renounces his rights against the acceptor, the 
 bill is dischafged : the renunciation must be in writing, unless the 
 bill is delivered up to the acce])tor; 
 
 2. The liabilities of any Jiarty to a bill ma}'^ in like manner be re- 
 ntmnced by the holdtir liefore, at or after its mattu'ity ; liut nothing 
 in this section shall affect the rights of a holder in ilue ctnu'se with- 
 out notice of reiuinciation. 
 
 Express 
 waiver. 
 
 The same. 
 
 Cancellation 
 of bill. 
 
 Of any si^jna- 
 ture. 
 
 Erroneous 
 cancellation. 
 
 62. Where a bill is intentionally cancelled by the holder or his 
 agent, and the cancellation is apparent thereon, the bill is discharged; 
 
 2. In like manner, any party liable on a bill may be dischaiged by 
 tlie intentional cancidlation of his signature, by the holder or his 
 agent. In such case, any indor.ser who w(add have had a right of 
 rectnirse against the party whose signtiture is cancelled is also dis- 
 charged. 
 
 '•\. A cancellatitni made miintentionally, in- inider a mistake, or 
 with(Hit the atithority of the holder, is inoperative; but where a bill 
 or any signature thereon appeals to have lieeii cancelled, the lau'den 
 of proof lies on the party who alleges that the cancellation was made 
 unintentionally, oi" imd<'r a misttike, or withotit authority. 
 
 Alteration of 63. Where a bill or acce]>taiice is materially altered without the 
 '^'"- assent of all partitas lial)le on the bill, the bill is \-oided, e.Kci'pt as 
 
 iigainst a ptirty who has himself made, authorized, or assented to the 
 
 alteration, ami subsetjueut indorsers ; 
 
11 
 
 I : I 
 
 An Act Relatino to Bim-s of Exohanoe, CnEgUEH, &c. 177 
 
 Provided, tlmt wlicro a l)ill Iuih Imcii matoriiiUy altorod, luit tliu 
 iiltiiratiim is not appnmnt, atid tlio hill is in tlio liaiids of a lioMor in 
 
 line course, sucii liolijcr iiifiy avail liiiiisclf ot" tlic liill as if it lia<l not 
 liccn altered, and may eid'oive ]iMyineiit of it aecordiii;,' to its orioinal 
 tenor ; 
 
 2. [n ])artit'ular, the IVillowiii^f alterations an^ material, namely, any 
 alteration of the date, the sum payahle, the time of jiayment, tlu! 
 place of payment, iind where a hill has lieen accej)ted (Generally, the 
 addition of a place of payment witlwuit the acceptor's assent. 
 
 Accepiahcc a)iil l-'di/mriif for ffovor. 
 
 64. Where a hill of exchanee has Ikhiu jtrotested for dishonor l)y 
 non-acceptance, oi- pi'otested foi" hetter st^curity, and is not oscrdue, 
 any piuvson, not heine' a [)arty already lialile thereon, may, witli the 
 consentof the hold(!i',interveneand accept the liill supra j)i'otest for the 
 honor of any jjarty liable thereon, or for tlu^ honor of tlu! pei'son for 
 wliose account the liill is drawn; 
 
 2. A hill may be accepted for homu' for part tady of the sum for 
 which it is drawn : 
 
 M. An acceptance for honor stipra pi'otest, in order to he valid, 
 must — 
 
 {(I.) Be wi'itteii on the liill, and indicate that it is an acceptance foi' 
 lionor ; 
 
 {h.) 13e signed hy tlu^ accejitor for Imuor: 
 
 4. Where an accei)tance for lionor does not expi-essly state for 
 whose honor it is made, it is deemed to he an accei)tance for the 
 honor of the drawer: 
 
 5. Where a hill payahl(! after sio-ht is acce])ted for honor, its 
 maturity is calculated from the date of protesting for non-accept- 
 ance, and not from the date of tlu; acceptance! for honor. 
 
 I'roviso. 
 
 Wli.it arc m.i- 
 tcrial altera- 
 tions. 
 
 Accoptaiico 
 for lionor 
 sii/>ra iirotcst. 
 
 Ill pari. 
 
 Kc(|iiircim.'nts 
 for validity. 
 
 For whose 
 honor. 
 
 Coni|iiitalion 
 of time. 
 
 65. The acceptor i'or h()n<ir of ;i hill liy acceptino- it eiie-ages that I.iab'lity of 
 he will, on due presentment, pay tlie liill according to the tenor of ji'ti-'ptor for 
 liis acce])tance, if it is not jiaid hy the drawee, pro\id(Ml it has heen 
 ijiily presentttd for payment and protested for non-payment, and that 
 lie receives notice of these facts: 
 
 2. The acceptor for honor is lialile to the holder an<l to all parties To what par 
 in the liill suhsi'ipient to the party i>r whose honor he has accepted. '"-'■'^• 
 
 66. Where a dishonored hill has Ihm.'Ii accepted hir honor supra, 
 protest, <ir contains a reference in ca.se of need, it nmst be protested 
 t'lir non-payment bei'ore it is presented for payment to tlie acceptor 
 tor honor, or referee in case of need : 
 
 2. Where the address of the acceptor for honor is in the same 
 place wliere the bill is protested for noii-]iayment, the bill must be 
 ]ire,scnted to him not later than tla^ day following its maturity : ami 
 wliere the address of the acceptor for honia- is in some place other 
 than tlie phice when* it was protested for non-]iayment, tlie bill 
 must be forwarded not later than the day following its maturity for 
 presentment to him : 
 
 8. Delay in preseiitnu'ut or non-[)resentment is excused by any 
 circumstance which would excuse delay in presentment for payment 
 111' non-presentment for payment: 
 
 ■k When a bill of exchange is dishonored liy the acceptor for 
 honor, it nuist be protested for non-payment by him. 
 
 22 
 
 l^c'seiilniL'iil 
 to acci'ptor 
 for honor. 
 
 Time f(>r [ire- 
 SLMiliiient. 
 
 Kxcuscs for 
 non- present- 
 ment or delay. 
 
 I'rotest for 
 non-payment. 
 
 «. : 
 
 ] il 
 
178 
 
 An Act Hki,atin<) to Him.s ok Exchanoe, Cmeqiteh, kc. 
 
 raymc-ni for 67. Wlici't' n liill has lici'ii protcsttMl I'm- non-piiyiin'iit, any ptTsim 
 
 nroicsi^"''*'^" '""■^ intcrvriic iiinl ]Miy it snpni protrst for tlif lioiior of any party 
 liiilili' tlu'rcoii, or t'oi' tlif honor of t.!u' person for w liosi; uccoiint tlir 
 bill \h drawn : 
 
 2. Wlicrc two or iiiori' prrsoiis oH'cr to pay a liill for tlic honor of 
 (liHi'i'cnt parties, thi' person svliose payment will dischai'^'e most 
 j)arties to the liill shall have the preferi-noo: 
 
 8. Payment for honor sii/irn protest, in oi'der to operate as such 
 and not as a mere vohnitaiT payment, nnist he attested liy a notarial 
 act of honor, which may he appended to tlw; protest or form an 
 extension of it : 
 
 4. The notarial act of honor nnist he fonnded on a ileclaratinn 
 made hy the payer for honor, or his a^ent in that liehalf, declarin;;- 
 hi>' intention to pay the hill for honor, an<l for whose hoiioi- he pays: 
 
 .). Where a hill has heen ]iaid for honor, all parties suhsetpient to 
 
 ifid ri^;liis in f|„, pjn'ty for whose honoi' it is paid are dischare'e<|, Imt the payiT 
 
 for honoi' is snhrojfat(Ml for and sncceeds to hoth the ri;jhts ami 
 
 dnties of the holder as regards tim party for whose honor ho pays, 
 
 and all pai'ties liahle to that pai'ty : 
 
 (i. The payer for honor, on payini; to (he holder the amonnt of 
 the hill and the notarial expenses incidental to its dishonor, is entitled 
 to receive hoth the hill itself anti thi' jirotest. If the holder docs 
 not on demand deliver them np, he shall he liahle to the payer for 
 honoi" in tlama^es : 
 
 7. Where the holder of a hill refnsi-s to receive payment sii/ini 
 protest, he shall lose his ri^ht of reconrse a<;'ainst any [larty who 
 would have heen ilischar^ed hy such payment. 
 
 If niDrc than 
 ono oiler to 
 pay. 
 
 AUestation. 
 
 IJasis llicrcdf. 
 
 Lialiilitios 
 n 
 
 sue 
 
 Delivery to 
 payer for 
 honor. 
 
 Inflect of re 
 fusal to re- 
 ceive p.iy- 
 nient. 
 
 Holder's right 
 to ilii|ilicale 
 ol lost l)ill. 
 
 II reluseil. 
 
 Action on lust 
 bill. 
 
 A(/x/ f list ruiiic Ills. 
 
 68. Where a hill has heen lost hefore it is overdue, the jierson 
 who was holder of it may apply to the drawer to j^dve him another 
 hill of the same tenor, <rivin<,' sectn'ity to the drawer, if re(|uireil, to 
 indemnify him aoainst all persons whatever in case the hill alleifed 
 to ha\e heen lost shall he f(aui<l aoain : 
 
 2. If the drawer, on reqi'est as aforesaid, refuses to ^'ive such 
 tluplicate hill, he may bo compelled to tlo so. 
 
 S9. In any action or proceediiio' upon a hill, tlu' court or a .judof 
 may (n\ler that the lo.ss of the instnnnent shall not he set nj), pro- 
 vided ail indemnity is o'Incu to the satisfaction of the coiii't or judoc 
 a^'ainst the claims of any other person upon the instrument in (pies- 
 tion. 
 
 Hill i.n it Set. 
 
 70. Whei'c a hill is drawn in a set, each part of the set beino- 
 
 numhered, and containino' a reference to the other piirts, the wholr 
 
 of the ])arts constituti' one hill : 
 
 2. Where the holder of a set indorses two or more parts to diU'erent 
 (lilierent per- p,,,.,s,„,s, he is liable oil every such part, and every indorser .subsc- 
 
 (juent to him is liable on the i)art he has hiin.self indorsed as if the 
 
 said jiarts wci'e se]iarate bills : 
 If ne^otiaio<l ;{ Where two or iiuav parts of a set are iieo-otiateil to diHeiviit 
 
 lioUleis™^' holders ill ilue cour.se, the holiler whose title first accrues is, as 
 
 between such holders, deemed the true owner of the bill: hut 
 
 .Vs to liills ill 
 sets. 
 
 If inilorscil to 
 
 J, 
 
^ 
 
 An A<t Rki-atino n> l!ii,i,s or Kxchanoe, C-iiEcit'EH, Sic. 
 
 17.0 
 
 niitliiii;,' ill tliis Huti-scction hIiivII iifKcct the ri;,flit.s ni' a imtsoii who in 
 line course (UTi'pts or pnys tlic part lirst prcscntiMl to liiiii : 
 
 ■[. 'I'lie iicccptiuicc iiiny lie wi'ittfii on iiny pnrt, iiiid it must lie Arceptnncp. 
 w ritten on inii' pnrt only : 
 
 .'). It' tlic (irnwcc accepts more tliaii one part, and such accepted 
 pnrts eret into the hands ot" ditl'erent holders in due course, he is liaiilc 
 I in every such part as if it \ver(> a separate hill : 
 
 (i. When tlie acce]itor ol" a liill drawn in a set pays it without re- 
 (|iiii'in^' the jiart liearin^' his acceptance to he delivered up to him, 
 tind that ])art at maturity is outstanding^' in the hands of a holdor in 
 due course, he is liaMi' to the holder thereof: 
 
 7. Suhject to tlie precedine' rules, where any one part of a lull Discharge, 
 drawn in a set is di.scharj^'ed liy payment or otherwise, the whole liill 
 is discharged. 
 
 1 1 mori- than 
 oiu' iMrt is ac- 
 (■r|itcih 
 
 rayiiit-nt 
 wilhiiiit deli- 
 very of |irci|ier 
 jiart. 
 
 71. Where a liill drawn in one country is ne<.rotiated, accepted or 
 payahlo in another, the ri^dits, ihitics and liahilitics of the parties 
 iliereto are determined as follows : — '- 
 
 (ii.) The \alidity of a liill as rejifards re(|iiisites in form is deter- 
 iiiiiied liy the law of the place of issue, and the validity as regards 
 i('(|uisites in form of the sn])erveuin(i' contracts, such as acceptance, oi' 
 iiiilorsemi'iit, or acceptance sn/irn protest, is determined liy the law 
 (if the ])lace where such contract was made: 
 
 Provided that — 
 
 (1.) Where a liill is i.ssued out of Canada, it is not invalid liy rea- 
 son only that it is not stampeil in accordance with the law of the 
 place of issue ; 
 
 (2.) Wlu're a liill. issued out of C'auada, conforms, a.s roffanls re- 
 (juisites in form, to the law of Cjinada, it may, for the pur]iose of en- 
 i'nrcinn^ payment tliei'eof, lie tre.'ited as \ali<l as lietween all persons 
 who neeotiate, hold or liecome parties to it in Canada; 
 
 (/».) Suliject to tlie jirovisioiis of this Act, the interpretation of the 
 drawing', in<lorsement, acceptance or acceptance na fWd protestof a liill, 
 is determined by the law of the place where such contract is made: 
 
 Proviiled, that whei'e an inland liill is indorsed in a fca'eijijn C(aintr}', 
 the indorsement shall, as re^anls tln^ payer, lie interpreteil, accordinijf 
 to the hiw of Canada ; 
 
 (c.) The duties of the holder with respect to Jiresentment for accept- 
 ance or jiayment and the necessity foi' or siitliciency of a ])rotest or 
 notice of dishonoi', or otherwise, are determined hy the law of the 
 place where tlu- act is done or the liill is dishonored ; 
 
 ((/.) Whei'o a bill is drawn out of but payable in Canada, and the 
 sum payable is not e\pres,sed in the currency of Canada, the auKiunt 
 .shall, in the absence of some ex]iie,ss stipulation, be calcnlateil accord- 
 iu<r to the I'ate of exclian^o for si^rht drafts at the place of ])ayniont 
 nn the day the bill is payable: 
 
 {('.) Where a bill is drawn in one ccamtry and is [layable in another 
 the duo date thereof is determined accordin<;' to the law of the place 
 where it is payable. 
 
 (/'.) If a bill or note, presented for acceptance, or payable out of 
 C.inada, is protested for iKai-accc^ptance or non-payment, a notarial 
 copy of the pi'ote.st and of the notice of dishonor, and a notarial cer- 
 tificate of the .service of such notice, shall be received in all coui'ts, us 
 pvima facie evulenco of such protest, notice and service. 
 
 Kiiles where 
 hiws cdiiHict. 
 
 \'ali(Iily, liow 
 <leleniiiiH'il. 
 
 I'rnvis.i. 
 
 Dr.iwin}^, iii- 
 
 <lll|.sCllU-lll, 
 
 c\:c. 
 I'riiviso. 
 
 Diilies of 
 h.ilder. 
 
 C'uircnry. 
 
 Due (l.itc. 
 
 Kvidence of 
 jirotcst. 
 
180 An Act llEr.ATiNo to T\u.\.h ok ExciiANrjE, CirKtiCEs, &r. 
 
 I'AUT III 
 
 rUEQITKH ON A HANK. 
 
 Clll.'(|llC lie 
 
 fuiL'd. 
 
 72. A cliciiur is n Tiill <>{' cxclinii;^!' di'iiwii (ni ii liniiU, piiyalilc im 
 
 ({(tiiiiiiid : 
 
 Certain provi- "2. I')x('('|)t. us ntlicfwisc |irip\iili'il in this |imt., t-lic ]in)\isi(iiis of this 
 gions to niiply. Act uj)])lirulili! to ii 1)111 t)l' oxcliiiiij,'^ payalilc on ilcimuid ii|i|ily to ii 
 
 cht'(|n('. 
 
 Present iiiciii 
 of clu'inu' f'lr 
 payment, 
 
 73. Siilijcct to the )»i'ovisioiis ol' tlilH Act — 
 
 ((/.) Where II chi'mu! is not |ii'e,seiitei| for pityiiient within ii reiison- 
 (ilile time of its issue, iiiid the di'ifwer of the ]iei'soii on whose iiccoiiMt 
 it is dfitwii had the I'ieht at- the time of such |ireseiitment, as lietwi'en 
 him and tiie liank, to ha\'e the cheijiie |mid, and siitfeis actual dam- 
 li^i' tlifoii^h the delay, he is dischiifp'd to tht? extent of snch dama;,fe, 
 that i.s to say, to the extent to which stich di'itwei' of ]>efsoii i.s a 
 Cfeditof of such liank to a lai'^ef amoinit tiinn he would ha\'e heen 
 liiid such che(|iie lieen paid ; 
 
 (h.) In detofiiiiiiin^' what is a rciisoniililti tint ■, rof^afd shall he had to 
 tlie nature of the instrument, the usa(,'e of triidu and of liaidvs, and 
 the facts of the paitictilar case ; 
 
 (r.) The holder of such che(|uo, lis to which sudi ilrawer or person 
 is dischii ro[ed, shall he a cre(litor, in lieu of such drawer or person, of 
 such bank to the extent of such discharge, and entitled to rocovtir 
 the aitiount from it. 
 
 Revocation of 74-. The duty and atithority of a liaidv to pay a clie(|Ue drawn oii 
 
 l),ink's autlio- jj^ ],„ j^^ customer are terminated by — 
 
 rilv. 
 
 (a.) Countermand of payment ; 
 
 (/>.) Notice of the cust(aner's death. 
 
 Crossed Cheq^ies. 
 
 General cross- 75. Where a cheque bears acro,ss its face an addition of — 
 
 ing definecl. (,(.) The word "liank " between two parallel triinsverse lines, either 
 
 with or witlxait the words " not n(^f]fotialiIe :" or — 
 
 (/*.) Two parallel transverse lines simply, either with or without 
 
 the words " not nej^otial lU; ;" 
 
 That aildition constitutes a cro,ssing, and the checpie is crossoil 
 
 generally : 
 .Special cross- 2. Where a che(pje bears across its face an addition of the name 
 ing- of a bank, either with or without the words "not negotiable," tlait 
 
 addition constitutes a crossing, and the chetpie is crossed .specially 
 
 and to that bank. 
 
 76. A che(pxe may be crossed generally or specially by the 
 drawt^r : 
 
 2. Where a checpie is uncrossed, the holder may cross it generally 
 or sjiecially : 
 
 3. Where a cheipie is crossed generally, the holder may cross it 
 .specially : 
 
 Words may be 4. Where a che(|ue is crossed generally or specially, the holder 
 ^*'^''^''" may add the words " not negotiable : " 
 
 Re-crossing ,5. Where a chetpie is crossed specially the bank to wliich it is 
 
 for collection, grossed may again cross it specially, to another bank for collection : 
 
 Crossing by 
 drawer or 
 after issue. 
 General or 
 special. 
 Nfay be 
 varied. 
 
An Act Hei.atinu to Hii.i.h nv KxniANcjE, CiiEgnEs, &c. 
 
 IHI 
 
 (I. WlitTf an nncroHHcd pIum|U«-, or )i clicijiic cinsscil jft'ijomlly, Ih (^'"(winK l>) 
 
 si'iit t<» a liaiik for cnllrctifai, it may cioss it siH-cialiy to itscH" ; '"" • 
 
 7. A croHscil chftiiH' iiiiiy In- rr-upcncil or uiktohsihI liy tins liniwcr UmrossinR 
 
 writing; lictwcnii tlic tniiiMVrr,sc lines, and iiiitiallint,' tlic sanit', tiit; tmssid duinu- 
 wonlH " pay casli." 
 
 ('ri)ssiii^; is n 
 iimU'rial part 
 I if clic(|iie. 
 
 Diilios iif liaiik 
 ns til ciossi'd 
 
 (•|ll'l|l|CS. 
 
 Liability for 
 iin|)r(i|nT pay- 
 
 IllC'llt. 
 
 When lialiilly 
 (Iocs licit nc- 
 crue. 
 
 77. A ci'ossinf,' aiithorizt'fl liy tliis Act is a material ])iirt of tlio 
 (•liei|iie ; it sliall not lie lawl'iil for any iierson to olilitt'rate or, except 
 MS aiitliori/ed liy tliis yVct, to a<|i| to or alter triit! crossinj;. 
 
 78. Wlicri! a clieinie is crosserl Hpecially to more tlian one liank, 
 except wlien crossed to another liank as a;^ent for collectJoii, tin; 
 \r,{\\\i on wliieli it is drawn sImiM refuse |(aynient thereof: 
 
 ■J. Where the liaid< on which a che<|ne so crosseil is <li'awn, never- 
 theless pays the same, or l>ays a checpie crossed j^encrally otherwise 
 than (ii a hank, or, if crossed s|)ecially, otherwise than tn the hank 
 to which it is crossed, or to the hank acting; as its a;jent for 
 collection, it is lialilc to the triie owner of tlie cheipie for any loss he 
 sustains owin,' to the cheime luuinjf heeii so jmid : 
 
 Provided, that where a cheipie is ]»resenteil for payment which 
 does not at the time of presentment appear to he crossed, or to have 
 had a crossiiif,' which has lieeii ohliterated, or to have lit.'cti added to 
 or altered otherwise than as authorized hy this Act, the liank 
 payin^f the cheqiK! in ^niod faith anil without neifli<,'eiic,e shall 
 not he responsilile uv incur any liahility, nor shall the jja^'uient 
 he (piestioned hy reason of the cheipK' haxiiie; lK;en crosstMl.or of the 
 crossinir ha\in<j; lieeii ohliterated or having' heeii addird to or altered 
 otherwist! than as anthori/ed hy this Act, and of payment havin;,' heen 
 made otherwise than to a hank or to the hank to which the cheipit! 
 is or was crossed, or to the liaid< actin<,' as its a^ent for collection, as 
 the case may he. 
 
 79. Where the haid-:, (Ml which a crossed che(|Ue is drawn, in {jnod rrotcrtion !< 
 faith and without nej^di^'ence pays it, if crossecl ifenerally, to a hank, 
 or. If crossed specially, to the liank to which it is crossed, or to a 
 hank acting,' as its a^'ent for collection, the hank paying the chetpie, crdsicd 
 and if the cheipie has come into the hands of tin.' payet\ the drawer, 
 shall respectively he entitleil to the same rifflits and lie placeil in the 
 same position as if payment of the checpie luul heen made to the 
 true owner thereof. 
 
 liank and 
 Irawcr where 
 clic(|ue is 
 
 80. When; a person takes a crossed chetpie which hears on it the I'.iTect of cross- 
 words " not ne<,'otial)le," he .shall not have and shall not he cajxihle of '■"■' <>" l>"l<ler. 
 ffivinpf a hetter title to the cheipie than that which had the person 
 from whom he took it. 
 
 81. Where a haid\, in jfood faith and without ne^di^fcnce, receives Proteetion to 
 for a customer payment of a ch(Mpie crossed ffenerally or specially to colleeiin^; 
 itself, and the customer has no title, or a ilefective title thereto, the ' 
 haidv shall not incur any liahility to the true owner of the clie(|ue 
 hy reas(m only of having received such payment. 
 
182 An Act Relatino to V>ua.s of Exciiance, Cheques, &c. 
 
 PART JV. 
 
 'W 
 
 Promissory 
 note (Icfmcil. 
 
 Indorsement 
 by maker. 
 
 Collateral 
 )ilc(lf;e does 
 not invalidate. 
 
 Inlan<l and 
 foreign. 
 
 Delivery ne- 
 cessary. 
 
 I'UOMI.SSOKY NOTES. 
 
 82. A promissory note is iiii tnicoii(Iitionnl proiiiisi' in writiiitr 
 uiudo l>y Olio pL'r.soii to anotlu'r, si^iicil l)y tlic iiiake'r, i-'ii<,'!io;ino' t() 
 pay, on denminl or >xi a fixed or defcertiiinable fiitnm time, a sum 
 certain in mimey, to, or to the order of, u specified per.son, or to 
 bearer : 
 
 2. An instrument in the form of a note payable to maker's order 
 is not a note within the meaninor of this section, unless and until it 
 is indorsed by the maker : 
 
 8. A note is not invalid l>y rea,son onl}- that it contains also 
 a pledge of collateral security with authority to .sell or dispose 
 thereof : 
 
 4. A note which is, or on the face of it ]iiM-])oi'ts to be, both made 
 and payable within Canada, is an inland note : any other note is a 
 toreisn note. 
 
 83. A promissory note is inchoate and incomplete until delivery 
 thereof to the payee or bearer. 
 
 ],,i„^ ^„,i 84. A promissory note may be made by two or more makers, and 
 
 several notes, they may be liable thereon jointly, or jointly and severally, accordiufr 
 
 to its tenor : 
 As to number. 2. Where a note runs " 1 promise to ]iay," ami is si<fiied by tw or 
 
 more persons, it is deemed to lie their joint and .several note. 
 
 Note payable 
 on demand. 
 
 86. Where a note payable on demand has been Indor.sed, it must 
 be presented for payment within a reasonable time of the indor,se- 
 ment : if it is not so presented, the indorse!' is discharoed ; if however, 
 with the assent of the indonser it has lieen delivered as a collateral or 
 continuiiifj .security it need not be jiresented for payment so lontf as 
 it is held as such securitv : 
 
 Reasonable 
 time. 
 
 Defects with- 
 out notice. 
 
 2. In determinin<f what is a ivasonalile time, remird .shall be 1 
 
 lail 
 
 Presentment 
 of note for 
 payment. 
 
 Liability. 
 
 Place for pre- 
 sentment. 
 
 to the nattu'e of the instrument, trie usaye of tratle, and the facts of 
 the particular ca.se : 
 
 3. Where a note payable on demand is ne<fotiated, it is not deemed 
 to be ovei'due, for the jairpo.se of atic'ctiiio- the holder with defects of 
 title of which he had no notice, by retison that it appears that a 
 reasonable time for pi'esenting it for payment has elapsed since its 
 issue. 
 
 86. Where a promi.s,sory note is in the body of it made payable at a 
 particular place, it must be preseiite<l for ])ayiiieiit at that place. 
 But the maker is not discharj^ed by the omission to present the note 
 for payment on the? day that it matures. But if any suit or action is 
 instituted thereon ajrainst him before presentation, the costs thereof 
 shall be in the discretion of the court. Jf no place of jiayment is 
 specified in the body of the note, presentment for payment is not 
 necessary in order to render the maker liable: 
 
 2. Presentment for payment is necessary in order to render the in- 
 dor.ser of a note liable : 
 
 3. Where a note is in the liody <jf it rtiade payable at a particular 
 place, presentment at that placi; is necessary in order to render an 
 
An Act Relatino t(i Bit,i,s of Exchange, Cheques, &c. 
 
 183 
 
 iii(l<M'Hor liublo; but when a place of puyiueiit is indicated by way of 
 inemoi'aiKhnii only, ]iresentnient at that place is sntlicient to render 
 the indorse!' liabk", but a presentment to the maker ol.sewliuro, if 
 sutHcient in other respects, sliall also suffice. 
 
 87. The maker of a promissory note, by 111,1 kin^ it — 
 (ii.) Kii^fa^fes that he will pay it according;- to its tenor; 
 {!>.) Is precluded from denj'iii^' to a holder in due cfiurse the exist- 
 ence of the payee and his then capacity to indorse. 
 
 88. Subject to tlie provisions in this part, and e.Kcept as by this 
 section provided, the provisions of this Act relatin^f to bills of 
 e.xehan^fe apply, with the necessary moditications, to promissory 
 notes ; 
 
 2. Tn applyintf those provisions the maker of a note .shall be deemei' 
 to correspond witli tln^ acceptor of a bill, and the first indorser of a 
 note shall lie deemed to corres))oiid with the drawer of an acceptetl 
 bill ])ayal)le to drawer's order: 
 
 3. The followino' provisions as to bills do not apply to notes, 
 namely, provisions rclatin^f to — 
 
 {((.) Presentment for acceptance; 
 (h.) Accei)tance ; 
 (('.) Acet!j)tance .s('/»/v( [irotest : 
 ('/. ) I'lilis in a set : 
 
 4. Where a forei^ifii note is dishonored, [n-otest thereof is unneces- 
 sary, except for the preservation of the liabilities of indorsers. 
 
 Liability of 
 maker. 
 
 Application of 
 part II to 
 notes. 
 
 Corrcsiiond- 
 ing tcriiis. 
 
 What provi- 
 sinns do not 
 apply. 
 
 'A.s to foreign 
 note. 
 
 '; H 
 
 PART V. 
 
 Stn'I'LEMEXTAliV. 
 
 89. A tiiinijf is deemed to be done in ^'ood faith, within the mean- dood faith, 
 iiii;' of this Act, where it is in fact (haie luaiestly whether it is done 
 neifligently or not. 
 
 90. Where, by this Act, any instrument or writing is retpiired to sigiiaturc. 
 lie siii'iied by any person, it is not iiecessarv that he should sioii it 
 
 with his own hiind, but it is sutlicient if his signature is written 
 thereon by some other person by or under his atithority : 
 
 "2. in tile case of a corpoi'.itioii, where, liy this Act, any instrument ,\s to corpora 
 nr writing is re([uired to lie sigu'^d, it is sutlicient if the instrument t'""s- 
 or writing is <hily sealed with the corporate seal : but nothing in this 
 section shall be construi'd as re(|iiiring the bill dp note of ti corpora- 
 tion to be under seal. 
 
 91. Where, iiy this Act, the time limited bir doing any act or thing Computation 
 is less thiin three days, in reckoning time, nmi-liusiness days tire ex- "f limo. 
 clmled : " non-business days," for the piirpo.ses of this Act, mean the 
 
 tlays mentioned in tiie buuteenth .section of this Act; any othei- day 
 is a business day. 
 
 92. l''or the purpo.ses of this Act. where a bill or note is retpn'i-eil When noting 
 In be protested within a specitieil time or befort; some further jiro- ■'^ ocpiivalent 
 reeding is t;iken, it is sufficient that the bill or note luis been notetl ^" Pf^'i-si. 
 
184 
 
 An Act Relatino to I^ills ok Exchancu;, Cheques, &c. 
 
 Protest when 
 notary is not 
 accessible. 
 
 Expenses. 
 
 Fees charge- 
 able. 
 
 Forms. 
 
 Kviiloncc of 
 presentation, 
 <lislionur and 
 notice. 
 
 Dividend war- 
 rants may be 
 crossed. 
 
 Repeal. 
 
 I'roviso. 
 
 "The HanU 
 Act," not 
 aficoted. 
 Imperial Acts 
 15 (ieo. Ill, 
 c. 51, and 17, 
 Ceo. Ill, c. 
 jo, not to 
 apply. 
 
 Construction 
 with other 
 Acts, &c. 
 
 Commence- 
 ment of Act. 
 
 for protest before tlie expirAtion of the speciHed time or the tiikiiiiv 
 of the proceeding; arid the foi'iiial protest may he extended at any 
 time thereafter, as of the (hite of the notinj^. 
 
 93. Wliere a dislionored bill is tuithorized or re(|nircd to be pro- 
 tested, and tlie services of a notary cannot b(! obtained at the jihice 
 wliere the liill is dishonored, any justice of the [leace ivsident in the 
 place may present and protest such bill and give all necessary notices, 
 and shall have all the necessary powers of a notary in res))ect 
 thereto : 
 
 2. The expense of noting and protesting any bill or note, and the 
 postages thereby incurred, shall be allowed and ]iaid to the holder in 
 addition to any interest thereon: 
 
 li. Notaries miiy charge the fees in each Province heretofore 
 allowed them : 
 
 4. The forms in the first .schedule to this Act may be used in not- 
 ing or protesting any bill or note ami in giving notice thereof. A 
 copy of the bill or note and indorsement may be included in the 
 forms, or the original bill or note mixy be annexed and the necessary 
 changes in that behalf made in the forms: 
 
 5. A protest of Miiy bill or note, and any copy thereof as copied by 
 the notary or justice of the ))eace, shall, in any action be priDKi f((ci<; 
 evidence of presentation and dishonor, and also of service of notice 
 of such presentation and dishonor, as stated in such protest. 
 
 94. The provisions of this Act tis to crossed cheques shall apply to 
 ii warrant for payment of dividend. 
 
 95. The enactments mentioned in the second schedule to this Act 
 are hereby repealed, as from the connnencement of this Act, to the 
 extent in that schedule mentioned: 
 
 Pi'ovided, that such repeal shall not affect anything dime or suffer- 
 ed, or any right, title or interest acnuireil or aecriieil before the com- 
 mencement of this Act, or any legal proceeding or remedy in respect 
 of any .such thing, right, title or interest: 
 
 2. Nothing in this Act ov in any repeal effected thereby shall ali'ect 
 the provisions of " I'/tf Bunk Act :' 
 
 8. The Act of the Parliament of CJreat Britain pa.s^ eil in the fif- 
 teenth year of the reign of His hite Majesty (Jeorge JII, intituled 
 "An Act to restrain tiie negotiatiiai of Promissory Notes and Inland 
 Bills of j'^xchange tuider a limited sum within that part of (ireiit 
 Britain called England," and tlie Act of the saitl Piirliammt pa.ss('(l 
 in the seventeenth yi^ar of His said JNhijesty's reign, intituled " An 
 Act foi" further restraining the negotiation of Promissory Notes and 
 Inland Bi'lsof Exchange under a limited sum within that partof (ireat 
 Britain called Enghmd," shall not exteml to or be in force in any 
 Province of Canada, nor shall the said Acts make void any bills, 
 notes, drafts or oideis whicii have been ca- may be made tU' uttered 
 therein. 
 
 96. Wlu'i-e any Act or document refers to any en;ietmeiit n'[)eal('(l 
 by this Act, the Act or document shall lie construed and siiail o[)eriite 
 as if it refei-red to the corresponding provisions of this Act. 
 
 97. This Act shall come into ftu'ce on tlie lirst day of Septeml)ei' 
 next. 
 
An Act Relating to Bills of Exchange, Cheques, &c. 
 
 FIRST SCHEDULE. 
 FouM A. 
 
 NOTING FOU NON-ACCEPTANCE. 
 
 (Ciqvi of Bill and Indorsements.) 
 
 On the 18 , the above bill was, by me, at 
 
 the request of , presented for acceptance to 
 
 E. F., the drawee, personally {or, at his residence, office or usual place 
 of l)Usiness), in the city (town or village) of and I 
 
 received for answer, " " ; The said bill is 
 
 therefore noted for non-acceptance. 
 
 A. B., Notary Public. 
 (Date and place.) 18 . 
 
 Due notice of the above was by nie served upon \ p" ,^'' \ 
 
 ,, f drawer, 1 n ,i i u ^ " ' ^ 
 
 the -^ • 1 Hjersonaliy, on the tlay oi 
 
 (^ nidoi-ser, J i >' ' J 
 
 {or, at his residence, office or usual place of business) in 
 
 , on the day of {or, by depositing 
 
 such notice, directed t(j him, at , in Her Majesty's 
 
 post office in the city [town or village], on the day 
 
 of , and prepaying the postage thereon.) 
 
 A. B., 
 
 Notary Public. 
 
 (Date and place.) 18 . 
 
 185 
 
 Form B. 
 
 PROTEST FOR NON-ACCEPTAXCE OR FoR NON-PAYMENT OF A RILL 
 
 PAYABLE GENERALLY. 
 
 (Copy of Bill and Indorsements.) 
 
 On this day of , in the year 18 , I, A. B., 
 
 notary public for tlu; Province of , dwelling at 
 
 , in the Province of , at the request i;i:' 
 
 , did exhibit the original bill of exchange, whereof a true 
 
 copy is above written, unto E. F., the I ' ,1 f • f *'^^*^^'^'"f personally 
 
 (<ir, at his residence, office or usual place of Inisiness) in , 
 
 and, speaking to hiniself {or his wife, his clerk, or his servant, &c.,) 
 
 ,. 1 I 1 f acceptance 1 ,, ,. , 1 • 1 1 .1 he 1 
 
 did demaml { '^ . } thereof ; unto wlucli demand < , V 
 
 ( payment J ( she J 
 
 answered : " 
 
 Wherefore I, the said notary, at the rcijuest aforesaid, have pro- 
 tested, and by these presents do protest against the acce])tor, drawer 
 and indorsers {or drawer and indorsers) of the .said bill, and other 
 paitics thereto or therein concerned, for all exchange, re-exchange, 
 and all costs, ilamages, and interest, present and to come, for 
 
 , ,. raccei)tance> ,. ,, • , , •,, 
 want ot ' , } 01 tile said liui. 
 
 (payment / 
 
 All of which I attest by my signature. 
 
 (Protested in duplicate.) 
 
 A. B., Notary Public. 
 
 23 
 
 .1 
 
 
186 An Act Relattno to Bills of Exchange, Cheques, &c. 
 
 Form C. 
 
 PROTEST for non-acceptance OR FOR NON-PAYMENT OF 
 PAYAI3LE AT A STAl'ED PLACE. 
 
 A BILL 
 
 (Copy of Bill (uul Indorsements.) 
 
 On this tlay of , in the year 18 , I, 
 A. B., notary public for tlie Province of , dwelling 
 at , in the Province of , at the request 
 of , (lid exhibit the original hill of ex- 
 change, whereof a true copy is above written, unto E. F., the 
 
 i A^ i thereof, at , being the stated 
 
 \ acceptor j > & 
 
 place where the said Inll is payable, and there, speaking to 
 
 did demand / a^^^n^tance 1 
 (^ payment J 
 of the said bill ; unto which demand he answered : " 
 
 Wherefore I, the said notary, at the request aforesaid, have pro- 
 tested, and l)y these prcisents do protest against the acceptor, drawer 
 and indorsers {ov drawer and indoi'sers) of the said bill, and all other 
 parties thereto or therein concerned, for all exchange, re-exchange, 
 costs, damages and interest, present and to come, for want of 
 
 ( acceptance 1 ,. ,. • i i -n 
 ' , }■ or tne said bul. 
 [ payment J 
 
 All of which I attest by my signature. 
 
 (Protested in duplicate.) 
 
 A. B., 
 
 Notary Public. 
 
 Form D. 
 
 PROTEST FOR XOX-l>AVMENT OF A BII-L NOTED, HUT NOT PROTESTED, 
 
 FOR NON- ACCEPT .\NCE. 
 
 // the profc.M /.s -landc by the same notary ivho noted the bill, it 
 should iinmedi((tely follow the <(('t of notinij and mevu/randii'tn of 
 service tJiereof, (I nil l>l</ln with the vord.'^ "and aftci-wards on, ifce.," 
 continuiny ((s i n the la.st pccirdi ny fonii, bat i ittroiluri)iy between 
 the words "did " an<l " exhiliit," the ivord "again," and, in a jmren- 
 thesis, bet ween tlie wonU " wi'itten " and "unto," the words: "ami 
 which bill was by me duly noted for non-acceptance on tlie 
 day of 
 
 But if the protest is not n a ale by the .same notary, then it shoidd 
 follow a copy of the orlymal bill and indorsonents and notiny 
 marked on the bill — and then in the protest introduce, in a parev- 
 tJicKix, between the words "written" and "unto," the words: "ami 
 which bill was on the day of , by 
 
 notary public for the Province of 
 
 noted for non-accept- 
 
 ance, as appeal's by his note thereof marked on the said bill. 
 
 A. B. 
 
A BILL 
 
 I, 
 
 An Act Relating to Bills of Exciianoe, Cheques, &c. 
 
 Form E. 
 
 protest for non-payment ok a note payahle generally. 
 
 (Copy of Note and Indorsementfi.) 
 
 On this (lay of , in the year 18 ,1 
 
 A. IJ., notary pu1)lic for tho Province of , (Iwellinp; 
 
 at , in the Province of , at tlie request 
 
 of , (lid exliiliit tlu^ orifi^inal promissory note, 
 
 whereof a true copy is above written, unto ' , 
 
 the promisor, personally (or, at his residence, office or usual place of 
 husiness), in , and s])eakin^ 
 
 to himself (or his wife, his clerk or his servant, (fcc), did demand 
 
 payment thereof ; unto which demand { ,i ,) answered: " " 
 
 Wherefore I, the said notary, at the re(|uest aforesaid, have pro- 
 tested, and by these presents do protest a^'ainst the jiromis'-r and 
 indoi'sers of the said note, and all other parti(is thereto (>■ therein 
 concerned, for all costs, (lama<,n's and interest, present -aid to come, 
 for want of payment of the said note. 
 All of which I attest Ijy my signature. 
 
 (Proteste(^i in duplicate.) 
 
 A. B., 
 
 Notary Public, 
 
 •-rl 
 187 
 
 Form F. 
 
 PROTEST FOR NON-PAYMENT OF A NOTE PAYABLE AT A .STATED PLACE. 
 
 (Copy of Note and Indorsements,) 
 
 , in the year 18 ,1, 
 
 dwelling at 
 
 On this day of 
 
 A. B., notary public for the Province of 
 
 ,in the Province of ,at the refjuest 
 
 of , did exhibit the original promissory note, 
 
 whereof a true copy is above written, unto 
 
 the promisor, at , being the stated place where 
 
 the said note is payable, and there, speaking to 
 
 did demand payment of the said note, unto which demand he 
 an.'^wered : " 
 
 Wherefore I, the said notary, at the re(]uest aforesaid, have pro- 
 tt;sted, and by these presents do protest against the promi.sor and 
 indoi-sers of the said note, and all other parties thereto or therein 
 concerned, f(jr all costs, damages and interest, present and to come, 
 for want of payment of the .said note. 
 All which I attest by my signature. 
 
 (Protested in duplicate.) 
 
 A. B., 
 
 Notary Public, 
 
r I 
 
 188 An Act Relating to Bills of Exciianoe, Cheques, &c. 
 
 Form G. 
 
 NOTARIAL notice OF A NOTING, OR OF A PROTEST FOR NON-ACCEPT- 
 ANCE, OR OF A PROTEST, FOR NON-PAYMENT OF A HILL. 
 
 (Place and <h(fe of Notinrj or of Protest.) 
 
 1st. 
 
 at 
 
 (layi 
 
 To P. Q. (the drawer). 
 
 Sir, • 
 
 Your bill of exchange for $ , dated at 
 
 the , upon E. F., in favor of C. D., payable 
 
 after I'T.^, ' f"^^'^" ^'*'''' ^'"'^V' ^^ ^^^ request of 
 , , fnoted 1 , i. fnon-accei^tanco.! 
 
 ^^"'y {protested | ^'^ '"''' *"'" Inon-payinent. j 
 
 A. B., 
 
 Notary Public. 
 
 (Place and date of Notivg or of Protest.) 
 
 2nd. 
 
 To C. D. (indorser), 
 (or F. G.) 
 at 
 
 Sir, 
 
 Mr. P.Q.'s bill of exchange for S . dated at , 
 
 the , upon E. F., in your favor (or in favor of CD.,) 
 
 payable days after I].*!-,'} ^^^^^ ^^Y Y^^'^ indorsed, was 
 
 this day, at the request of , duly 
 
 f noted \ I f . / non-acceptance. \ 
 
 \prote.sted / '-^ "^"^ ^^ \non-paynient. J 
 
 A. B., 
 
 Notary Public. 
 
 Form H. 
 
 notarial notice of protest for non-paymemt of a note. 
 
 (Place and date of Protest.) 
 
 To 
 
 at 
 
 Sir, 
 
 Mr. P. Q.'s promissory note for S , dated at 
 
 Alays "I 
 
 , the payable ■! months j- afterdate to 
 
 [on J 
 
 ( K*^^ I or order, and indorsed by you, was this day, at the request 
 
 of , duly protested by me for non-payment. 
 
 A. B., 
 
 Notary Public. 
 
An Act Relatino to Bills of Exciianoe, Cheques, &c. 
 Form I. 
 
 NOTARIAL service OF NOTICE OF A PROTEST FOR NON-ACCEPTANCE 
 OR NON-PAYMENT OF A HILL, OR OF NON-PAYMENT OF A NOTE 
 
 (to be aubjoined to the ProteM.) 
 
 And afterwards, I, the aforesaid protestinfr notary public, did serve 
 
 due notice, in the foi'ni prescril)ed by hiw, of the foregoing protest 
 
 ,. ( non-acceptance 1 r. ., ( Inll 1 j.i i i. a i 
 
 tor { ' , > or tlie \ , } tliereny protested upon 
 
 V non-payment j \ note ) -^ ' , ' 
 
 i/V ri'l the •) • 1 f personally, on the day of (or, at 
 
 [CD.,) (indorsors) i J' j \ ' 
 
 his residence, office, or usual place of business) in , on 
 
 the day of ; (or, by depositing such notice, 
 
 directed to the said -, ^i ^'' r at , in Her Majesty's post 
 
 office in on the day of , and 
 
 prei)aying the postage thereon). 
 
 In testimony whci'cof, I have, on the last mentioned day and year, 
 at aforesaid, signed these presents. 
 
 A. B., 
 
 Notainj Public. 
 
 189 
 
 Form J. 
 
 PROTEST RY A .lU.STICE OF THE PEACE (WHERE THERE IS NO NOTARY) 
 FOR NON-ACCEPTANCE OF A HILL, OR NON-PAYMENT OF A HILL 
 OR NOTE. 
 
 {Copy of Bill or Note and Ivdoi'sements.) 
 
 On this day of , in the year 18 ,1, N. O., 
 
 one of Her Majesty's justices of the peace for the district {or county, 
 &c.), of , in the Province of , dwelling at (nc near) 
 
 the village of , in the said district, there being no 
 
 practising notary public at or near the said village {or any other 
 ler/al cause), did, at the request or 
 and in the presence of , 
 
 well known unto me, exhibit the 
 
 original i i. [ whereof a true copy is above written unto P. Q., 
 
 ( drawer ^ 
 the J acceptor J- thereof, personallj* (o/' at his residence, office or 
 
 { promisor j 
 usual place of business) in and speaking to himself 
 
 (his wife, his clerk or liis servant, &c.), did ileuiand - ' ^ ' . i 
 ^ ^ ( payment j 
 
 tlicreof, unto which demand { ,i } answered : " ." 
 
 Wherefore I, the said justice of the peace, at the re([uest afore- 
 said, have protested, and Ijy these presents Wo protest against 
 ( drawer and indorsers \ 
 
 the \ promisor and indorsers 
 
 acce 
 
 ptor, drawer and indorsers J 
 
 of the said 
 
 I bill 
 I note 
 
 j and all 
 
190 
 
 An Act Relatinci Tf) Bills ok Exchanoe, Chequeh, &c. 
 
 other parties tliereto and therein concernod, for all exchange, ro- 
 
 exchange, and nil costs, damages and interest, present and to coino, 
 
 o 1. e f accei)tance ■» » ii • i ( bill 1 
 
 tor want of { ' . > oi the said { . } 
 
 I payment ) l note. J 
 
 All which is hy these presents attested hy the signature of the 
 
 said (flie u'ltncnx) and l»y my hand and seal. 
 
 (Protested in duplicate.) 
 
 (Sij/nat II re of t/ir Wiinrt^s.) 
 
 {H'ujiniture and se<(l of I lie J. J'.) 
 
 SECOND SCHEDULE. 
 
 ENACTMENTS llEl'EALED. 
 
 Province anii Ciiaptkr. 
 
 Dominion of Canada : 
 
 Chap. 123, Kevised Statutes 
 
 Province of Quebec : 
 Civil Code of Lower Canada .... 
 
 Nova Scotia : 
 
 Revised Statutes, third series, chaj 
 82 
 
 New Brunswick : 
 
 Revised Statutes, chap. 1 16 
 
 30 Vic, 1867, chap. 34 
 
 Title of Act and Extent ok Repeal. 
 
 An Act respectinf; Pills of Exchange and Promissory 
 Notes.— The whole Act. 
 
 Articles 2,279 to 2,354, both inclusive [*]. 
 
 " Of Bills of Exchanfje and I'romissory Notes." Sec- 
 tion 2. The other sections of this chapter have 
 been heretofore repealed. 
 
 " Of Bills, Notes and Choses in Action." Section 2. 
 
 The other sections of this chapter have l)een 
 
 heretofore repealed. 
 An Act to amend chap. 116 of the Revised Statutes, 
 
 "Of Bills, Notes and Choses in Action;" also 
 
 Act I2th Victoria, chapter 39, rflating thereto. 
 
 Section i. 
 
 [* Except in so far as such articles, or any of them, relate to evidence in regard to bills 
 of exchange, che(|ues and promissory notes.] 
 
53 VICTORIA. 
 
 II 
 
 CHAR 32. 
 
 All Act respuctiiig cortiiin tSavings Bank.s in the Province 
 
 of Quebec. 
 
 [Assented to 16th May, 1800.] 
 
 ER MAJESTY, by and with thi' advice and consent of tlie Senate 
 and House of Counnons of Canada, enacts us follows: — 
 
 !• In this Act, unless the context otherwise recjuires, the expression intcrprcta- 
 • the bank " means either of the savings banks to which this Act I'on. 
 applies. 
 
 "The bank." 
 
 CHARTEUS CONTINUED. 
 
 2. The charters of the City and District Savings Bank of Mon- c'lwitcis con- 
 
 troal and of La Cai.ssu .I'Econoniie de Notre-Danie de Quebec are t''"'^';! "»<'cr 
 
 II J.- 1 1 1 11 • • i: i-1 i.1 I- J. 1 I. curiam comli- 
 
 li(,'rel)y contniiuid and snail ri'inam iii torce until the first day oi tions. 
 
 July in the year one thousand nine hundred and one, except in so 
 far as they, or either of them, are or become forfeited or void under 
 the terms thereof, or of this Act, or of any other Acts heretofore or 
 liereafter passed relating to the said savings banks, by non-perform- 
 ance of the conditions of such charters or Acts respectively, or by 
 insolvL'iicy or otherwise. 
 
 INTERNAL UE(JULATION.S. 
 
 3> Public notice shall lu^ given by the directors of the bank of the 
 holding of annual or other meetings, by pul)lis]iing the sjime for at 
 lea.st four weeks in a newspaper at the placi; where the head olKce of 
 the bank is situate : and such notice shall be given in both the 
 
 English and French 
 
 languages. 
 
 Notice of 
 meetings. 
 
 4i The (lualitication of a director shall be the holding of twenty- (^hialiiicaiiun 
 five shares of stock : and the directors shall be I'lected annually at a a'"' <-''L'cii<m 
 general meeting (.f the shareholders, and shall be eligible for re- °' ''"■'^'^"^'•«- 
 election : 
 
 2. Each shareholder shall, on every occasion on which the votes of Votes on 
 the shareholders are taken, have one vote for each sluire held by shares. 
 him for at least three months before the time of voting : 
 
192 An Act Respecting certain Savinos Hanks, Province ok Queiiec. 
 
 Proxy. 
 
 Officers not to 
 vote. 
 
 Director l)c- 
 comini; insol- 
 vent, &c. , 
 censes to be 
 director. 
 
 ',i. Shareholders iiuiy voto hy proxy, but no person hut a sharo- 
 h()l(l(!r shall V()t(^ or act as such proxy: 
 
 4. No cashier, clerk, or oth«'r ofKcer oF the hank shall vote, either 
 in person or l>y proxy, or liold a proxy for that puri)ose : 
 
 .5. Kvery director of the hank who hecomes insolvent, or assi^'iis 
 his »;state and etfects for the lienefit of his creditors, or al)seiits him 
 self, without the consent of the lioard, for twelve consecutive months 
 from the meeting's of the directors, or is convicted of any felony, 
 shall th(M'eu[)on, ipso fiir.fo, cease to lie a director, and th(! vacancy so 
 creatinl shall forthwith be tilled up in the manner provided by tiie 
 charter. 
 
 5> No faihu'e to elect directors of the bank shall operate any dis- 
 
 eiect directors, .solution of the coriioration, l)ut ill case of such failure to elect, the 
 how remcilied. • i i j.- i ii i i m vi m i i 
 
 retjuired election shall be made as soon thereatter as possilile, at a 
 
 special meeting' of the shareholders, which the directors are hei'eby 
 authorized to call for that pui'pose ; and tnitil such subseinieiit elec- 
 tion takes place, the official acts of the directors holding office shall 
 be valid. 
 
 Failure to 
 
 CALLS. 
 
 Calls on stuck. 6. The directors may call up the stock subscribed for and remaiii- 
 iiii^ uiniaid, by calls not exceeding five per cent., made at interx'als of 
 not less than three months, whenever it is, in their opinion, necessary 
 or expedient to make .such calls ; and all aiiKUUits ])aid upon stock, 
 iind all accumulated profits thereon after deduction of dividends as 
 lu'reinafter providtid, shall lie invested or lent in the manner herein- 
 after provided as to the investment or loan of moneys depositeil 
 
 Proviso. with the bank : Provided that the limitation of the amount of any 
 
 call, or of the intervals at which calls may be madt^ shall not ap[)ly 
 to the case of deficiency of the fumls of the bank to meet the claims 
 of depositors and other lialiiliti(!s hereinafter provided for. 
 
 Recovery of 7. 'Pile amount of every such call, if not jiaid when due, may Ik; 
 
 cnllsby action, recovered with interest by the directors, in the name of the bank, in 
 ami proof in .^y (,^^y^y^^ havin<r jurisdiction to the amount; and in anv action for 
 the recovery thereof it shall be sufficient to ;ilhge ami prove the 
 charter, and that the calls were made imder this Act, and that the 
 defendant is the holder of a .share or shares in respect of which the 
 ainotuit is due, without alleging or proving any other matter or thing 
 whatsoever; and tiie evidence of any ofHeer of the bank, cognizant 
 of any fact re(|ui red to be proved, shall be sufficii^nt proof thereof; 
 and any co])y of the charter, purporting to be certified as a true cojiy 
 tliereof liy the Secretary of State of Canada, shall be deemed 
 authentic and shall be prima facie evidence of the charter and of 
 the contents thereof. 
 
 I.IAHILITV OK SHAREHOLDERS. 
 
 Liability of 
 shareholders 
 in CISC of de- 
 liciency of 
 assets. 
 
 8« The shareholders of the bank .shall, in the event of its funds in 
 money ami as,sets imnie(Iiiitely convertible into money becoming in- 
 sufficient to sati.sfy its debts and liaiiiiities, be lialile for the defici- 
 ency, so far as that each shareholder shall be liable to an amouiit 
 e(|ual to the amount, if any, not paid up, of his shares, and no more; 
 
An Act Hksi-f/tincj ckutain .^avinoh Banks, Piiovince of Quehec. lU'A 
 
 '4 
 
 mill tho! (lirectoi'H iiniy ami slmll inakc chIIh on the stock not piiid n\) 
 to tilt' full amount not paid U|i, or to such less amount as tlicy <lccm 
 iii'ccssary to pay all sucli ciaiiiis and ntlii'r lialiilitics, witlioiit- waiting,' 
 fill' tlic colic; i.ioii of any dflits din' to tlic liaiik, or the sale ol' any of 
 its assets or property : 
 
 2. Such calls shall lie made at intervals of thirty days, and upon 
 notice to !"■ ;,nven thirty days at least prior to the day on which the 
 call is payalije : 
 
 '.i. No such call shall exceed twenty p<a' centum lai each share, and 
 payment thereof may he cnforco<l in tho manner heroinhefore pro- 
 vided as to calls on unpaid-up stock' ; 
 
 4. The tirst of such calls shall lie inaile within ten days after such 
 deficiency is ascertained: 
 
 5. Failure on the pai't of any shareholder lialile to such call to jiay 
 the same when due shall o])erate a forfeiture liy such shareholdi'r of 
 all claim in or to any jiart of the assets of the hank : hut such call 
 .111(1 any further call thereafter shall nevertheless li!" recoveralile from 
 liim as if no si;ch torfeiture had heeii incurred ; 
 
 (). Kvery directoi' who refuses to make or enforce, or to concur in 
 iiiakino' or enforcing' any call umler this sectitai, is },'uilty of a niisde- 
 iiieanor and shall he personally responsihie for any damajfes sutlered 
 liy reason of such default: and ('Xery liipiidator or other otiicer or 
 person aj)poiiitcd to wind up tlu; atiiurs of the hank, in case of its in- 
 solvency, shall have the powers of the directors with respect to such 
 calls. 
 
 ('nils in such 
 case. 
 
 Intervals nnti 
 notice. 
 
 Amiiunl and 
 cnforceniunt. 
 
 I'irst call. 
 
 I'.fToct of 
 failure to pay. 
 
 Liability of 
 director fail- 
 ing; to !;iakc 
 such call. 
 
 '■1I 
 
 9. Persons who, havinj( been shaveholders in the hank, have <aily I.ialiiliiy after 
 
 transfei're(l their shares or any of them to others, or reifistered the '"">^f<-"f '» 
 , !• i.1 r -i.! • 1. ■ i.1 1 !• 1.1 i. u certain case, 
 
 traiister tliereot, witliin two months lietia'e tlu! comineiiceiiieiit or 
 
 the failure of tla^ hank to meet the claims of its creditors on demand, 
 
 shall he lialile to calls on such shares under the next precediuff 
 
 section, as if they had not transferred them, saviufi^ theii' recourse 
 
 ao'ainst those to whom tluy were transferred. 
 
 DIVIDENDS. 
 
 I0« The directors of the hank shall maki' half-yt'arly dividi'iids of 
 so much of the profits of the hank as to the majority of them seems 
 ailvisahle, and as is not inconsistent with the ])rovisi(ais of this Act, 
 and they shall o;iv(^ puiilic notice of the paynieiit of such dividends 
 at least thirty days previously, in the iiiaiiiK r herein jirovided as to 
 
 notices of meetings. 
 
 Dividends and 
 notice lliereuf. 
 
 THANSFEU (IK SHAKKS AND DEPOSITS. 
 
 II. The shares in the hank sladl he transferahle in the manner Transfer of 
 provided liy the hy-laws and res^ailations made as ])rescrilied hy the ^Im'^-'^*' 
 cliarter: and the transft'ree shall lia\'e the rio'htsand shall hesuliject 
 to the liahilities of the orio'inal holder : 
 
 2. No share shall he divideil, and if any share is held iiy se\eral Joint holders 
 ]iersons jointly, one of them shall he ap])ointed hy letter of attoi'iiey "^ shares, 
 iiy the others to vote thereon, tti receive di\ideiids and to do all 
 tliiiio;s that reipiiro to he done in respect thereof : and such letter of 
 attorney shall he lodj^ed with the hank. 
 
 24 
 
10+ An Act Resi'Kctin-i (;kiitain Savinuh Mankm, I'kovinck (ik (Jiukiikc 
 
 Transmission 
 (if ilc|i(i'sils or 
 sliarus iillicr- 
 wise lli;in liy 
 traii:,fcr. 
 
 Dcclarntion in 
 such case. 
 
 How aullioii- 
 tic.ili'd I'ls'.'- 
 wliLTo than in 
 the Uiiitcil 
 Kinj,'(l()in or a 
 Hrilish posses- 
 sion. 
 
 Further evi- 
 dence may lie 
 required. 
 
 Payment to 
 disciiarge the 
 bank. 
 
 12. If tlir iiit-fiTst ill liny tli'imsit or slinri' in t-lir liaiii\ liccnini'H 
 triiiisniitt»!(l ill coiisrciiiiMict' itt' the <l('iitli nr iiiMdUciicy of nuy 
 depositor or slmrclinldcr, or in consriinciicc of tlic iniirriiijfc of n 
 ft'iimlt'ili'positororsliiirfliolili'r.or liy iiny oilier lawful means tlian liy n 
 tnilisfer upon tlie hooks of tile lialllx, or liy (jeeij serveij upon tlie iiailk, 
 Hucli transiiiissioii shall lie autlienticiited hy a di'daratioii in writing,' 
 which declaration shall ilistiiictly state the inaiiiier in which ami llir 
 nersoii to whom such deposit or share has lieeii transmitted, and slnill 
 no, hysucli person, maile and signed; and i^vtMy such declaration shall 
 be, hy the person niakin^nind sii^niiii^' tlu! same, sworn to Itefore iijiido;c 
 or justice of a court of record or chief iiia;,nstrate of a city, town, 
 liorou^di or other place, or hefore a notary pulilic, where the same is 
 made and si^'iu'd : utid every sucli declaration, so si^riieil and sworn 
 to, shall lie left with the iiianaifer or other olli<'er or ao;ent of the 
 liaiik, who shall thereupon enter the name of the person, so eiititlnl 
 to such deposit or HJiaie under Hueli transmission, as proprietor 
 thereof, in the hooks of the luiiik : and until such transmission is mi 
 authenticated, no person claiiiiin^f hy virtueof any such traiisiiiission 
 shall lie entitled to receive such de[iosit or share, or any part thereof, 
 or any interest or dividend thereon : 
 
 2. Every such deilaration and instrument as hy this an<l the ne\l 
 followino; .section of this Act are reipiired to perfect the transmissinn 
 of a deposit or share in the hank, made in any other country lli.iii 
 Canada or some other of the British colonies or the United Kinodcin 
 of (ii'eat ih'itain and Ireland, shall lie further authenticated hy tin 
 iiritish consul or vice-consul, or other accredited repivsi'iitative of 
 the British Oovernmeiit in the country where the declaration is 
 made, or shall he made directly hefore such British consul <ii' vice- 
 consul, or other accredited representative: 
 
 'i. Nothinj:^ in this Act contaiueil shall prevent the directors, 
 maiia;,fer or other otlicer or a{,jeiit of the hank from reipiirinif cor- 
 rolioi'ative e\ideiice of aiiv facts alleocd in any such declaration : 
 
 4. If |)ayiiii'iii is made to any depositor of any deposit or of any 
 inti'i'est thereon, or of any dividend on any share, after transmission 
 tluM'eof hy any of tlu; means mentioned in this section, hut liefoic 
 such declaration is made and aiitheiiticnted as aforesaid, such pay 
 nieiiL shall he valid ami shall ilischar<f(! the hank. 
 
 Transmission 
 by marriage. 
 
 Hy testament, 
 intest.icy or 
 vacancy of 
 estate. 
 
 13. If the transmission of any deposit or share is hy virtue of the 
 iiiari'ia^e of a female depositor or shareholder, the declaration shall 
 be accompanied hy a copy of the register of such marriaf;-e, and shall 
 declare the identity of the wife with the holder of such de[)osit or 
 share: and if the transmission has taken place liy virtue of any tes- 
 tamentary instrunieiit <ir hy intestacy, or by the vacancy of the 
 estate of a deceased depositor or shareholder, the probate of the will, 
 or, if it is notarial, an authentic copy thereof, or the letters of ail 
 ministration, or act of tutorship or curatorship, or authentic certiii 
 cates of birth, as the case may he, shall, together with such declara 
 tion, be pr<iibiced and left with the manao-er or other officer or ai;'<'iil 
 or the liank, who shall thereupon enter tin- name of the person 
 entitled under such traiismission in the liooks of the bank. 
 
 DEI'o.srCS AXU LOAN'S. 
 
 Bank may l^-. The bank may receive deposits of money for the beiieh't of 
 
 receive dcpo- porson.s depositing the .saniC; and may invest the same us hereinafter 
 
Av Act REspEcriNd rEiiTAiN S.wiNas Ranks, PiinvivrE or Quepec. 
 
 105 
 
 iM'Collli'H 
 
 "!' liny 
 i;;c' of II 
 liaii Ipy M 
 III' liiiiik, 
 litiii;,' 
 I mill till' 
 Mill! simll 
 ion sliall 
 
 t'lljiuii^'c 
 ty, fnWli, 
 saiiii' is 
 
 il swnrii 
 t of tllr 
 
 I'iititlc.j 
 
 ii|iri('t<ir 
 
 sidii is SI) 
 
 isiiiissidii 
 
 t thcifiil', 
 
 It' next 
 isinissiiiii 
 ti-y iliiiii 
 
 l\ilili-<|n|i| 
 
 liy till' 
 ptativc ol' 
 I'litiiiii is 
 I iir vifc- 
 
 proviilcd, mill iiiny lU'ciiinnliitc the ii'vcimicm hihI pinfitM derived from J*''** ""'l pny 
 ilie iiivi'stiiiciit of so imieh tlifreol' as is not reiiuired to meet ordiii- '"'''■'''*'• 
 my deiimiids iiy the de|iositoi',s, and out of mucIi iiociimulntioii muv 
 nllow mid pay to the depoMitors thereof such rate of interest nii siicli 
 ili'posits as is from time to time fixed liy the (lovcriioi- in Couiieil, 
 imt lieiii^ more tlimi li\e per eeiitiim per amiiim. 
 
 I5i lOverv depositor, on mukiiiir his (irst deposit in the liank, shall peimgitor to 
 !• 1 i' I I 1 • • I 1 i'l' 1 i- K'^'^' name nil 
 
 (lisclose and declare Ins name, resilience, ailditidn and occupation. nd.irfss. 
 
 mill 
 
 I6i 'I'he lunik m.'iy receive de|iosits from any pcM'son, whatever is Dcimsitti by 
 his status or condition of life, and whether such jierson is i|iialified ""'ii"""*. *.<•• 
 hy law to enter into ordinary contracts or not; and the hank may 
 pay the principal oi- any part , thereof, ;ind the whole or any part of 
 the interest thereon, to such person, without the mithority, aid. as- 
 sistance or intervention of any person or otliciai lieinij' reipiired: 
 Provided always, that if tlu^ person makiiif,' any deposit in the hank I'rnviso. 
 is not, liy the laws of the I'rovince of (,)neliec, anthori/ed so to do, 
 the total amount of de[)osits made hy such pei'.son shall not exceed 
 the sum of two tlnaisan<l dollars, 
 
 17. Any payun'iit of interest or dividend, or of tho whole or any Certain pay- 
 |..u't ot any il"posit, maile in ^doil taitli to any ])erson who apjiears (-.jj,!, ^,j,|j,p 
 jiriiiKi fiicii- to lie entitled to such interest, diviih'iid or deposit, hy 
 
 the iiroduction of a declaration in writing' and of the documentH 
 liei'ein mentioned in support thereof, shall lie valid; and the dis- 
 charge of such person shall lie siilhcient, and shall dischare;e the hank 
 from all or any further claim hy any person for such interest, divi- 
 liriid or deposit. 
 
 18. The hank shall alwa'ys hold at least twenty per centum of the Amount to he 
 
 iiioneys deiiosited with it in J)ominion securities, or deiHwits in char- '"^^'^!*^^'.' '" 
 ,•',,• 1 lloniinu 
 
 tered lianks. 
 
 1" 
 
 in 
 
 lion 
 securilic's, etc. 
 
 19. 'i'he liank may. suhject to the provisions in the next preceding Investment of 
 section contained, invest any moneys deposited with it in any stock "^'l'"'^'''*- 
 nr jmhlic securities of the J)omiiiion of (jinaihi, or of any of the 
 Provinces of ('anada, or in any municipal delientures, or in such 
 si'curitii's as are accepted hy the (Joxernment of ('aiiada as deposits 
 from Jnsurance Companies, or in the manner pj-ovided in the two sec- 
 tions next followinfj, and not otherwise ; hut the bank may continue 
 to hold any stock of any now existiii^^ charteri'd hank, ht^ld hy it he- 
 fiire it received its charter, and may sell and dispose of such stock. 
 
 20. 'Pile hank may also lend such moneys, upon the personal .Securities on 
 
 si'curitv of individuals, or to any corporate liodies, provided that col- *'"'',' ''"^"^ 
 111 -L- !■ i.1 i. i.- I • i-i i. I- '"•■^y '"-' made, 
 
 lateral securities of the nature meiitioneil in the next precedinif sec- 
 tion, or British or fortaon iiuhlic st'curities, or stock of some chartered 
 hank in Canada, or stock in any incorporated huildiiifj or loan society, 
 or honds or ilehentnres or stock of any incorporated institution or 
 ('iim;mny, or such securities as are accepted hy the (Jovernment of 
 ('anada as deposits from Insurance Companies, are taken in addition 
 to sucli personal or corporate security, with authority to .sell such 
 Necurities if the loan is not paid, and provided also that the hank l'rovi.so. 
 may lend moneys without collateral securities to the Dominion or Loans to Cov- 
 any Provincial Covernment, or to the corporation of any city in "(1"^"'^ ""'^ 
 
 ff^^^i 
 
190 An Act Respectino certain Savinhs Banks, Pitovixcr, ok Querec. 
 
 Canada with a population ol' at least twenty tlioiisaml inhabitants, 
 within the h'niits of the liorrowin^' powers of sneli corporation. 
 
 Loans not to 
 1)0 made on 
 real estate. 
 
 I'rovi.so. 
 
 Enforcement 
 of payment of 
 loans made on 
 eollatcial 
 security. 
 
 21. The hanl< shall not make any loan, directly or indirectly, 
 upfwi the security of rciU or iininoxahle property, or with any refei- 
 I'ncc to the security of reiU or innaovahle ]iro])erty ; luit notiiino- 
 licrcin ccaitained .shall prevent the hank from takino; security upon 
 real or iinmoviilile property in addition to such collateral securities, 
 suh.setpiently to the makino;of the loan and sidisidiary to the security 
 originally taken therefor. 
 
 22. In the event of the non-]iayment of any loan within thirty 
 days after such l.ian liecomes due ami payaMe, or within such shorter 
 delay as shall he tixed liy any aineement made If' een the hank and 
 the borrower at the time such loan is contract.. the hank may sell 
 in manner herein provided the collateral securities, other than real 
 estate, hi'ld by it as security for such loan, or so much thereof as will 
 suflice to pay the auKunit of such loan and idl interest thereon, and 
 the costs and expen.scs of stde, returnin*,' th(> sin'])lns, if any, to the 
 borrower, or person or corinu'ation depositino; such securities: 
 
 "2. Kxcept as hereinafter provided, no sncli stUe shall be made 
 exce])t b}' public auction, after notice thereof by advertisement 
 statinij the time and pliice of such sale, in at least two newspapers 
 ptiblished 111 or neai'est to the place where the sale is to be made, of 
 which newspa[)ers one at least shall be publislu'(l in the Hno'lisli 
 lano[uaife and one other in the French lanofuaoc : and notice of the 
 time and place of such sale shall be o-i\(.|i to the person depositine- 
 such collateral security, by addressino- ami mailing' to the last ad(h'e,ss 
 of such person, n k'tter containiiio; such notice : 
 
 •i. Nothing- herein contained shall prcvewt the baid< from collecting; 
 or reali/iii''' such ilebt, or an\' lialance due thereon, out of such col- 
 lateral securities, in any way v liicli has b<'en aoreed uixm with the 
 person depositin<.j the same : 
 
 4. The president or vice-president, manai,'er, cashier or otlier officer 
 of the bank, thereunto authori/ed liv the directors, may tran.sfer and 
 convey tmy st-cnrity so sold to tlie purchiiser, in whom the property 
 in such sectu'ity shall become vested by suoh conveyance or transfer, 
 but without any warranty from the bank, or from any officer thereof: 
 Pi'ovided always that the bank tit any such sale may become the 
 purcluisor of any of the securities held by it. 
 
 23. 'I'he bank may purchase any lands or immoxabh' property 
 ottered for sale umler execution a,t the suit of the bank, or exposed 
 for sale liy the bank under a jiower of sale pven to it for that pur- 
 po,se, in ctises in which, inidei- similar circumstances, an individual 
 ciaild so purchase, without any restriction as to the value of the 
 jiroperty which it may so purchase, and may ticcpiire a title thereto, 
 as any individual purchasiiii,' at sheritl's sale or under a power of 
 •sale, in like cii'cumstances, ccaild do. and may lake, have, hold, and 
 dispose of the same tit pleasiu'e. 
 
 Absolute title ^^ '''''^' '"'^"'^ '""y 'i^'M"''"'' *^"'' ''"''' "" ab.solute titlt^ ill or to 
 
 may bo ac- lauil mia'to-aocd to it as secm'ity for a debt due or owiiii,' to it, either 
 
 quired. ijy obtainiufi; a release of the etpiity of reilemption in the niorttfaifetl 
 
 property, la- by procurinjj a forecU)sure, or by other means whereby, 
 
 Sale to 1)0 by 
 auction. 
 
 Notice by ad- 
 vortisomont 
 and letter. 
 
 Other recourse 
 not aflectod. 
 
 Transfer to 
 piirolu'ser to 
 bo without 
 warranty. 
 
 lianlc may 
 )iurchase se- 
 curities hold 
 by it. 
 
 Purchase of 
 real os'uiie 
 br;iUj;ht to 
 sale by bank. 
 
 .i._. 
 
An Act Respeotino certain .Savincs Banks, Phovince of Quebec. 197 
 
 F 
 
 I'rnvis 
 
 MS l)ofcwoon iiiflividimls, an tM|uity ol' rodoiuption ciiii, hy hiw, be 
 l>iirri'(l,i)f limy purcliast' and a('(|uiif any prior luortifa^ft' orcliarfjo on 
 siu'li land : I'roxidcd always, that tlic hank shall not liold any real 
 (i;- ininiovalilo property, howsocvi-raiMiniivd, except such as is reijtiircd 
 f'lr its own use for any jieriod exceediiifx seven years from the date 
 of the ac(|uisitioii thereof ; and for each violation of the provisions Penalty for 
 of this section the hank shall incur a jieiialty not exceeding,' five ^'"'^i"""- 
 hundred dollars, 'wliich shall he recoverahle with costs in any court 
 (if coiniietent Jurisdiction by any person who sues for the same, and 
 one-half thereof sliall he jiaid to the iMiiiist(>r of Finance and 
 Keceiver-CJeiieral for the public uses of Canada, and the other half •''^l""'^" "f 
 tliorcoi to tlic person suini; lor the same. 
 
 tl 
 
 25. Nothing- in any charter. Act or law, sliall b(> construed as 
 having prevented or as previ ntiiiff the bank from ac(|ulriii<^' and 
 liolilin^i; an absolute title to and in any such inortijae'eil lands, what- 
 e\er tlu' value tliereof may be, or from exercising' or actiiiy upon any 
 power of sale contained in any niort^'ai,fe ^nveii to it or held by it, 
 Muthori/iny; oi- enabling' it to sell or convey away any lands so iiiort- 
 ji'M'^ed. 
 
 As t(i alisoliilf 
 tilk', and 
 |)(i\vi'i (if sale. 
 
 26. Nothing' herein contained shall prevent the bank from depos- ivp„sits 
 itiiijf money in any of the chartered banks carrying;' on the ^feneral i" cliaiicuil 
 
 rovince of (^hieln'c. 
 
 business of bankinj^' w itliiii tin 
 
 hanUs. 
 
 r.ENEIlAI. I'liOVISloXS. 
 
 continue to distribute to r^'strilmtion 
 
 to clianlalile 
 
 27. 'i'he directors of the bank shall i..,,i;,,,,.v i,.- .ii.-.ui i.-nuu ui. 
 charitable institutions yearly, as heretofore, the interest accruiiiff on insi'itiui'ons" 
 the amounts invested for that jiurpose : 
 
 2. The principal of the I'oor Fund of the City and District ''"or Kuml of 
 Savini^'s I'lank of iMontr(>al. which has been ascertained and settled ■^'"i"i^"i'- 
 at one hundri'd and ei(^lity thousjind dollars, shall continue insested 
 and shall be held by the said bank in the city and municipal deben- 
 tures in which the same is now invested and held, with power to 
 chan^fe the iinestmeiit of the same or of any ])a.rt thereof, from time 
 to time, with the approval and permission of the Triiasury JJoard, 
 hut not otherwisi' : 
 
 '>]. The principal of the Cli/irity Fund of La Caisse d'Ecoiiomie de 
 Notre-Daine de Quebec, which has been asci'rtained and settled at 
 eiy'hty-three th(aisand dollars, shall continue invested ,nid shall be 
 held iiy the said bank in debentures of tin* City of (,)uebec, with 
 power to change the investment of the same or of any part thereof, 
 from time to time, with the ajiproval and jiermission of the Treasury 
 lioard, but not otherwise. 
 
 28* 'i'lie shai'eholders may authorize the directors to establish <;(iaiaiit(c 
 ifuarantee and pension funds for the otHcers and employ<>es of th(> ')!''' ''^'"^"'i' 
 liank and their familii's, and to contrii)Ute thereto out of the funds 
 of the liank. 
 
 Cliaiily land 
 of (,)iiol>cc. 
 
 29. T]\r bank shall not issue any bank note, or note intende(| to H.^nk notes 
 rciilate as money or as a siibstitiit,e for i 
 witbin the meaning of " T/ic limil: Act." 
 
 circulate as money or as a siibstitiit,e for moiiev', or be deeiiu'd a bank I'"' '',' '"-' 
 
ins An Act Respecting certaix Savinhs Banks, Province of QrEHEc. 
 
 Uank not 
 binind to see 
 to trusts. 
 
 Montlily 
 turns to 
 mailc to 
 Minister 
 Finance. 
 
 ru- 
 be 
 the 
 of 
 
 30. 'I'lic lumk shall jiot he li(;uuil ti) see to tlie oxL'cutioii of iiiiv 
 ti'ust, \vli(;tli(!r expirss, inipliod or constructive, to which m\y dcpusit 
 or share tlicrciu is siilijcct : ami the receipt of the person in wlios" 
 name any sneh deposit or share stands in the liooks of tlu' liank, nr, 
 if it stands in the name of more persons than one, the recei|)t of (mh- 
 of the persons, shall he a snfKoient discharo-(> to the hank for such 
 deposit or share, interest or dividend tliereon, or for nwy other sum 
 of money payahle in respect of .snch (U'posi-t or share, unless express 
 notice to the contrary has Ikhmi o'jvon to the l)ank, or such (K'posit is 
 made upon exjiress conditions as to the person or persons to wliinii 
 snch <leposit shall he ]iaid, in which case such deposit shall lie 
 governed I13' such conditions, notwithstandinji; any trust to which 
 such deposit is then suhject, ami whctlter or in)t the hauk lias Jiad 
 notice of snch trust: and the h;ud< shall not he liound to see to the 
 application of the money paid on such receipt, whether oiven hy one 
 of .such persons or hy all of them. 
 
 31. Monthly returns shall he made, hy the hank, to the Minister 
 of Finance and Heceiver-(Jeneral, ami shall he made up within the 
 first ten days of eacli month, and shall exhihit tlie condition of the 
 hank on the last juriilical day of the month next pi'ecedin*,^ : and 
 such monthly returns shall he sio'ued hy the president or vice- 
 presicU'ut, or the director then actinfj; as jiresident, and hy tlie 
 manaoer, cashier or other principal fttiicer of the hatdc at its chief 
 place of laisiiiess, and shall In- pnhlished in the ('uiukIu (hizcllc ; and 
 such monthly returns shall he in the form set forth in the schedule, 
 to this Act. 
 
 Annual lists of 32. The bank shall furnish, annually, to the Minister of Finance 
 shareholders and Receivcr-Oeneral, to he laid hefore Parliament, certified lists of 
 for I'arha- ^jj^, shareholders, with their additions and resiih'tices, and the 
 
 numher of shares they respectively hold and the aimamts jjaid up 
 
 thereon. 
 
 nient. 
 
 Statements of 
 (livi(len<ls un- 
 paid and bal- 
 ances unclaim- 
 ed for live 
 years. 
 
 Contents o: 
 statement. 
 
 Penalty for 
 ne(;lect to fur- 
 
 33. The hank shall, within twenty days after the close of each 
 calemlar year, transmit or deliver to the Minister of Finance and 
 Receiver-Oeneral, to he laid liy him hefore Parliament, a return of all 
 dividends which have remaineil unptiid for more than tive years, and 
 also of all amounts or halances in respect to >vhich no transactions 
 liave taken place, or upon which no interest has heen paid dui'ino; the 
 five years prior to the date of such return. Provided always, that in 
 case of moneys deposited for a fixed period, the period of tive 3'ears 
 ahove referred to, shall he reckoned from the date of the termination 
 of such fixed perio<l : 
 
 (2.) Such return shall lie sio;m'd in the manner re([uired for the 
 monthly rettn-ns under section thirty-one of this Act, and shall set 
 forth the name of each shai-eholder or creditor, his last known 
 address, the amount <lue, the a^n-ncy of the hank at wiiich the last 
 transaction took place, and the date thereof: and if .such shareholder 
 or creilitor is known to the haid< to he dead, such rettirn sliall show 
 the names and addresses of his le^al representatives, so far as known 
 to the hank : 
 
 (M.) If the hank neoflects to transnnt or deliver to the Minister of 
 Finance and Receiver-Ueneral the leturn ahove ret'eired to, within 
 
II of ;iny 
 
 •Icposit 
 
 or VK'L'- 
 hy the 
 its chief 
 Itr ; iiiid 
 schedule 
 
 Finance 
 
 lists of 
 illid the 
 paid up 
 
 ,1 fl i " 
 
 An Act la^spECTiNo ceutain Savings Banks, Province of Quebec. 199 
 
 the time hiu'cinliofore liniitcMl, it shall incur a penalty of fifty dollars 
 for each and every day durin<f which such ne<rlect continues: 
 
 (4.) Upon tlu^ \vindin^'-up of the l)aid\ in insolvency or undei- any 
 jfeneral windin^f-u]i Act, or otherwise, and liefore the final distrihution 
 of the assets, oi- witliin thi'ee yeais from th(! connuencemeat of tlie 
 suspension of payment hy the liank, or the commencement of tlu; 
 windin(,f-up thereof which ever shall first happen, the assif^fuees, li(|ui- 
 dators, directors oi- other otHcials in chai'<fe of such windine'-up shall, 
 uotwitlistandin^f any Statute of Limitations, or otlier enactment or 
 law relating to prescription, pay to the Minister of Finance and 
 lleceiver-Cieneral ont of the assets of the hank any moneys ])ayal)le 
 eitlier to shareholders or depositors, which may then remain un- 
 claimeil, and upon such payment heinj^' made the hank and its assets 
 shallhe relieved from all further liahiiity in respect to t!ie amount so 
 paid ; 
 
 (5.) Tlie moneys paid to him as aforesaid shall In; held liy the 
 Minister of Finance and Receiver-Cieneral, suhject to all rijifhtfid 
 claims on hehalf of any })ers()n other than the liank and in case a 
 claim to any moneys so paid as aforesaid should he thereafter estah- 
 lished to the satisfaction (jf tiie Treasury Board, the (Jovernor in 
 Council sliall, on the repoi't of the "^rreaHury Board, direct payment 
 thereof to he made to the pai'ties entitled thereto, tojfethei' with 
 interest on the [)riiici[)al sum thereof at the rate of three per centum 
 per annum for a period not exceediiii^' six years from the date of pay- 
 ment thereof to the said Minister of Finance and Keceiver-(!eneral as 
 afoi'esaid : Provided howcNcr, that no such intei'est shall lie paid or 
 payahle on such principal sum, uidess iutei'est thereon was payahle 
 hy th(^ hank paying the same to the said Minister of Finance and 
 Receiver-(ieneral : 
 
 (().) As a conilition of the rights and privileges conferreil hy this 
 Act or hy any Act in amendment thereof, the following provision 
 shall have eifect, namely: — The liahility of the hank under any law, 
 custom or agreement to re])ay moneys depositeil with it, and interest, 
 if any, and to pay dividends declared and payahle on its ca[iital 
 stock shajl continue, notwithstanding any Statute of Limitations (a' 
 any enactment or law n-lating to i)rescri})tion : 
 
 "2. This section aiiplies to moneys hei'etofoi'e oi- hereafter deposited 
 and to tli\ iilends heretofore or heri'after declared. 
 
 nish stalc- 
 mcnt. 
 
 In case (if in- 
 solvency or 
 liijuidntjon 
 iirulaiiiicd 
 moneys In lie 
 paid to Minis- 
 ter of Kinancc. 
 
 And liability 
 of hank ceases. 
 
 Disposal of 
 moneys so 
 jiaid. 
 
 Claim.s. 
 
 Proviso as to 
 interest. 
 
 Statutes of 
 I.imitatioMs 
 and prescrip- 
 tion not to rini 
 in lavor of 
 hanks. 
 
 Applicalicjn of 
 section. 
 
 OI'KENCES AND I'KNAI.II lis. 
 
 34. K\eiy otlicer, clerk, or seivant, who is emiiloyed under the 
 pr<i\isions of this Act, and who defaces, tilters, ei'ases, or in any man- 
 ner or way ^\■hatsoever, changes the effect of the hooks of accoinit 
 kept under the provisions of this Act, or any entry in the said hooks 
 of acctamt, for any fraudulent purpose, and every such officer, clerk 
 or servant, who secretes, approjiriates or emhe//les any hond, oliliga- 
 tion, hill or note, or any security for uione\', or any money or eti'ects 
 iiiti'usted to him, or in his custody, or to which he has ohtained access 
 as such agent, olhcer, clerk m- servant, to whoiiiso(>ver the said pro- 
 perty li(dongs, is guilty .if felony, and, on conviction thei'cof, shall he 
 liahle to imiiri.siauueiit for life: Provided always, that nothin<r here- Proviso, 
 in containeil, nor the conviction or pmiisluiient of the oti'ender, shall 
 prevent, lessen or imiiair any remedy which Her Majesty, or the 
 
 I'unislmient of 
 oflicers com- 
 mittiiij; cer- 
 tain offences. 
 
200 An Act Hespectino cehtain Savings Banks, Province of Quehec. 
 
 Minister of Fiiianco and Receiver-General, or any otlier person, woiil 
 otherwise have a<fainst any other person wliatsoever. 
 
 Punishment 
 for falsely pre- 
 tending; to 
 own deposits. 
 
 Punishment 
 for making 
 false state- 
 ments in ac- 
 counts, re- 
 turns, &c. 
 
 35. Every person wlio, with intent to defraud, falsely pretends to 
 lie the owner of any deposit made niuler this Act, or of the interest 
 npon such deposit, ami who is not such owner, and who demands or 
 claims from the bank with which such deposit has Ikh'Ii made, or 
 from any person employed ini<ler this Act, the payment of such de- 
 posit or interest, or of ti'iy portion thei'eof, as the case may he, and 
 whether he does or does not thereby obtain any part of such deposit 
 or interest, is guilty of a misdemeanor, and shall be punishable ac- 
 cordingly, 
 
 36. 'i'he making of any wilfully false or deceptive statement in 
 any aeeount, retiii'n, report or other document respecting the affairs 
 of the bank is, uidess it amounts to a higher oH'ence, Ji misdemeanor 
 piniishable by i'liprisonment for a term not exceeding five years, and 
 every president, vice-president, director, auditor, manager, cashier or 
 otlu>r otfici'r of the bank, who prei)ares, signs, a])])roves or conciu's in 
 such statement, return, report or document, or uses the same with 
 intent to deceive or niisl(>a(l any person, shtdl be held to have wilfully 
 made stieh false statement, and shall ftu'ther be respon.sible for all 
 damages sustainetl by such jierson in consetiuenee thereof. 
 
 COMMENCEMENT OF ACT. 
 
 Date of com- 37. This Act shall come into force (m the Hrst day of July in the 
 ing into force ycjir one tlanisaiid eight hundred and ninety-one, and from the last 
 mentioned (hiy chapter one hundred and twenty-two of the Revised 
 Statutes of Canada, intituled " An Act rcsjx'cthuj ccrtiiiii SdrliK/s 
 '^^' Bit itkx in tlic I'rovi nces of Ontario n nd Quebec" shall be repealed, 
 except as to rights theretofore acquired or liabilities incurred in re- 
 gard to any matter or thing done, or contract or agreement made or 
 entered into, or offence committed thereunder, an<l nothing in this 
 Saving clause. Act shall affect any action then |)ending under the said chapter, but 
 the same shall be decided as if the said chapter had not been 
 reijciiled. 
 
 of Act. 
 
 I<.S.(.'.,c 
 repealeil. 
 
 1. 
 
 2. 
 8. 
 
 (i. 
 7. 
 8. 
 
 1. 
 
 2. 
 
An Act Respecting certain Savings Banks, Puovince of Quebec. 201 
 
 SCHEDULE. 
 
 Return of the amount of lial)ilitios and assets of tlie (navie of the 
 bank) on the day of 
 
 Capital Stock, $ 
 
 Capital paid up, $ 
 liabilities. 
 
 $ cts. 
 
 1. Dominion Government deposits, payable on demand. . 
 
 2. Provincial Government deposits, payable on demand. . 
 
 3. Other deposits, payable on demand 
 
 4. Dtmiinion Government deposits, payable after notice or 
 
 on a fixed day 
 
 5. Provincial Government deposits, payable after notice 
 
 or on a tixe<l day 
 
 (). Other deposits, payable after notice or on a fixed day. 
 
 7. Special Poor P"'nii(l or Charity Fund Trust 
 
 H. Liabilities not included under the foregoing heads.. . . 
 
 assets. 
 
 1. Dominion securities 
 
 2. Provincial or numicipal securities 
 
 3. Loans for which Dounnion or Provincial securities are 
 
 held as collateral security 
 
 4. Loans for which bank stocks are held as collateral 
 
 security 
 
 5. Loans tor which other stocks, bonds or debentures, as 
 
 authorized by law, are held as collateral security. . . 
 
 (). Cash in hand or on deposit on call in chartered banks. 
 
 7. Special Poor Fund or Charity Fund investments 
 
 (S. Investments in bank stock made previous to the incor- 
 poration of the liank 
 
 !). Other assets, not included under the foregoing heads . 
 
 We declare that the foregoing return is made up from the liooks 
 I if the bank, and that it is correct, to the best of our knowledge and 
 lielief. 
 (Place) this day of 
 
 A. B., Pirsidcnt, i(r. 
 C. D., C'a.^hlcr. 
 
 as 
 
202 Advehtisement. 
 
 WATERLOW & SONS (LIMITED) 
 
 LONDON WALL, LONDON, 
 
 PUBLISH KRS OF 
 
 The Bankers' Magazine, 
 
 ESTABLISHED 1844. 
 
 A FIRST CLASS MONTHLY FINANCIAL PUBLICATION 
 
 AND THK 
 
 Recognized Organ of Intercommunication for the Banking 
 
 Profession. 
 
 Kach nuinl)cr contains one or more Portraits of noted men in the Hankinj,', Insurance and general 
 financial world, liesidcs ori(;inal articles on all subjects of interest connected therewith. 
 
 MONTHLY, - i.s. 6V/. 
 
 YEARLY SUBSCBIPTION, (including postage to all parts of the United Kingdom, 
 
 Europe and North America) _ _ « 21it, 
 
 THE 
 
 BANKING ALMANAC AND DIARY, 
 
 YEAR BOOK OF STATISTICS AND DIRECTORY. 
 Edited By R. H. INGLIS PAUGRAVE, Esq., F.R.8. 
 
 This work has long been patronised by THE BANK OF ENGL.VND, the Private and 
 Joint-Stock Uanks, the Private and Public Discount Estaljlishments, the Credit 
 and I'inance Companies and the [)rincipal I'inancial and Mercantile 
 Establishments, and contains much valuable Statistical Infor- 
 mation from Official Documents. 
 
 This important Annual is universally recognized as the best Book of Reference for 
 the Banking and Mercantile Community. 
 
 TEN SHILLINGS. 
 
 ^tccl anil Copper -plate Cngrabiiuj. 
 
 WA'rKRI.OW & Sons (Limited) having devoted special attention to this l)ranch of their business, and 
 having a large ami competent staff of artists, draftsmen and engravers, and ihe most perfect machinery for 
 the execution of all kinds of geometric lathe engraving, engine-turning, macliine ruling, and panlogni|!hic 
 riiL'raved work, are enabled to place before their customers the best designs, executeti in the most skilful 
 manner. 
 
 Engnwing on Steel or Copper plates in the first style of art for 
 
 ENGLISH AND FOREIGN BANK NOTES, CHEQUES, 
 POSTAGE AND REVENUE STAMPS. 
 
 WATERLOW & SONS (LIMITED), LONDON WALL, LONDON, E.G. 
 
PART III. 
 
 STJITISTICS COLLECTED FROJVl 6PPICIJ1L REPORTS 
 MD OT^IER RELIJIBLE SODRCES, 
 
 AND 
 
 COMPILED IN CONDENSED FORM FOR THIS WORK. 
 
 I 
 
 i 11 
 
204 
 
 Deposits of the People in Hanks, &c. 
 
 Taple Shewing Deposits of the People in Chartered Banks, Savings Banks, 
 
 ami 
 
 Year. 
 
 Deposits of the 
 
 people in 
 chartered banks. 
 
 Ciovernment 
 .Savings Hank. 
 
 30th June 
 in each year. 
 
 Post Office 
 Savings Hanks. 
 
 301 h June 
 in each year. 
 
 Loan Companies 
 
 and 
 Huilding Societies. 
 
 31st December 
 in eacii year. 
 
 1847 
 
 
 
 
 
 184S 
 
 
 
 
 
 1849 
 
 
 
 
 
 1850 
 
 
 
 
 
 1851 
 
 
 
 
 
 1852 
 
 
 
 
 
 1853 
 
 
 
 
 
 1854 
 
 
 
 
 
 185s 
 
 
 
 
 
 1856—30111 .September 
 
 1857 — 31st Marcli 
 
 $9,563,053 24 
 8,306,943 64 
 8,603.378 76 
 
 13.377.195 08 
 13,161,736 21 
 19,009,700 92 
 20,884,874 52 
 21,327,485 66 
 24,870,433 28 
 29,926,879 61 
 26,695,959 56 
 30,652,193 06 
 39,528,812 09 
 47,576,046 54 
 52,057,192 45 
 50,274,170 64 
 53,856,889 30 
 
 57.906,573 92 
 
 69, 108,464 89 
 
 60,105,524 53 
 
 63,648,755 01 
 
 63,768,653 20 
 
 66,406,516 42 
 
 68,486,422 92 
 
 79,239,416 12 
 
 89.595.609 06 
 
 96,879,544 86 
 
 96,609,746 55 
 
 92,309,871 17 
 
 101,868,131 02 
 
 104,770,930 35 
 
 105,599,665 59 
 
 121,878,438 83 
 
 126,243,75s 99 
 
 
 
 
 
 
 
 1858— 31st October 
 
 
 
 
 •859—30111 .September 
 
 i860 — 31st March 
 
 
 
 
 
 
 
 1861— 30th September 
 
 1862 — 31st October 
 
 
 
 
 
 
 
 1863—3151 August 
 
 
 
 
 1864 — 30th Noveml)er 
 
 
 
 
 1865— 31st December 
 
 
 
 
 1866— " 
 
 
 
 
 1867— " 
 
 
 
 
 1868- " 
 
 1869- •' 
 
 1870- " 
 
 1871- " 
 
 1872- " 
 
 1873- " 
 
 1874- " 
 
 187s- " 
 
 1876— " 
 
 1877— " 
 
 1878— " 
 
 1879— " 
 
 1880— " 
 
 1881— " 
 
 1882— " 
 
 1883— " 
 
 1884— " 
 
 1885— " 
 
 1886— " 
 
 1887— " 
 
 1888— " 
 
 1889— " 
 
 $1,781,118 85 
 1,875,885 07 
 2,134,133 76 
 2,467,495 78 
 3,296,579 49 
 4,691,042 59 
 6,570,291 39 
 7,753,480 08 
 
 7,646,335 43 
 8,404,897 61 
 10,429,867 61 
 10,534,484 86 
 11,611,415 89 
 13,925,800 68 
 17,130,827 37 
 19.867,777 99 
 21,627,154 08 
 23,788,170 81 
 26,130,150 00 
 26,944,517 99 
 25,689,017 85 
 25,104,514 19 
 
 $ 213,446 37 
 1,153,568 61 
 
 2.253,404 .^4 
 3,590,698 51 
 4,875,065 20 
 5.530,350 89 
 5,673,608 88 
 5,268,069 52 
 4,762,410 56 
 4,366,020 45 
 4,468,142 76 
 
 4.838,639 59 
 5,961,482 27 
 8,305,615 92 
 12,935,280 84 
 16,707,232 70 
 18,895,163 77 
 20,883,572 15 
 23,342,842 69 
 26,123,817 66 
 28,203,104 40 
 30,543.568 13 
 
 $ 673,789 09 
 
 959,050 SS 
 
 1,485,014 12 
 
 2..599.135 94 
 2,590,778 03 
 2,869,381 51 
 4,614,812 S2 
 5,020,706 71 
 6,126,377 50 
 7,102,186 35 
 8,269,295 16 
 9,426,148 47 
 
 11,713.633 37 
 13,460,268 46 
 14,241,782 69 
 13,954,460 66 
 13.876,515 72 
 15.435.084 5' 
 16,226,581 12 
 18,251,422 87 
 
 17.307.033 54 
 17,757.376 51 
 
Deposits of the People in Banks, &c. 
 
 205 
 
 and other Institutions under Govcrnniont Supervision, since Confederation. 
 
 The City and 
 
 DisliicI 
 
 Savinj;s Hank, 
 
 Montroal. 
 
 ?lst December 
 in each year. 
 
 $ 250,702 31 
 178,241 22 
 153.770 5' 
 273.994 16 
 349,097 46 
 
 433.279 61 
 805,569 95 
 695.500 43 
 457,290 00 
 513.753 50 
 479. 54S 45 
 569,246 25 
 632,770 19 
 746,043 47 
 768,000 89 
 
 !<59,995 32 
 
 981,562 22 
 
 1,021,809 67 
 
 '.125.079 79 
 1,042,757 70 
 
 '.532,495 72 
 1,861,574 55 
 2.295,565 20 
 2,880,767 94 
 3,238,667 11 
 3,180,515 09 
 3,765,804 37 
 4,657,866 90 
 4,069,23s 32 
 4,599,018 62 
 
 3.3S5.765 74 
 3,438,078 92 
 3,634,661 93 
 4,658,521 60 
 5,531,854 87 
 6,148,205 36 
 6,212,635 57 
 6,328,093 21 
 '''537.794 61 
 f'.993.52<^> 54 
 7.5<'3.733 3i 
 7,644,657 79 
 8,050,586 90 
 
 La (^aisse d'l'xon- 
 
 oniie (le Notre 
 l)anie(le(^iiel)ec. 
 
 31st December 
 in each year. 
 
 $ '.740 75 
 
 4.777 So 
 
 6,755 4S 
 
 10,192 90 
 
 32,309 88 
 
 (><),(>7i 73 
 
 '53.550 67 
 
 130,955 90 
 
 "1,756 45 
 
 104,618 iS 
 
 '63.180 33 
 
 225,628 65 
 
 293,618 49 
 
 409,976 06 
 
 513,566 12 
 
 655.953 32 
 799,262 55 
 761,278 76 
 804,053 70 
 
 S97.294 97 
 
 1,024,491 71 
 
 1,231,321 12 
 
 1,531,941 28 
 
 1.725.795 86 
 2,049,840 97 
 2,572,516 61 
 
 2,780,247 3' 
 2,398,301 89 
 
 2.370,594 '6 
 2.157.556 09 
 2,110,017 05 
 2,172,217 05 
 2,719,027 93 
 3,089,200 03 
 2.623,573 56 
 2,614,567 25 
 2.557.527 09 
 2.457.370 68 
 
 2.515.547 31 
 2,667,833 30 
 2,827,021 II 
 2,833,789 97 
 
 The Merchants 
 
 Hank, 
 Prince l-Mward 
 
 Island. 
 
 31st Decend)er 
 in each year. 
 
 a. 
 
 •a 
 o 
 
 c 
 
 9 
 O 
 
 s 
 
 J2 
 
 O 
 
 C 
 
 $72,922 37 
 
 89,888 37 
 
 100,863 00 
 
 128,654 60 
 
 79.219 33 
 89,327 66 
 86,456 59 
 72,906 93 
 
 101,325 35 
 
 90,635 67 
 
 120,635 37 
 
 120,967 84 
 
 The 
 
 .Sunimerside 
 Hank, Summer- 
 side, P. H. I. 
 
 31st Deccml)er 
 in eacli year. 
 
 The People's 
 
 Hank of New 
 
 Hrunswick, 
 
 liL-dericton, 
 
 N. B. 
 
 31st December 
 in each year. 
 
 
 $1,460 00 
 
 2,369 26 
 
 2,433 33 
 
 6,594 00 
 
 6,725 40 
 
 5.7'S OQ 
 
 7.433 00 
 
 11-753 00 
 
 10,769 00 
 
 9.054 00 
 
 9,644 00 
 
 7.345 00 
 
 9,164 00 
 
 9,375 00 
 
 23,000 00 
 
 24,316 00 
 
 26,439 00 
 
 27,318 00 
 
 32,334 00 
 
 J7,2i6 00 
 
 35,460 00 
 
 35,690 00 
 
 32,640 00 
 
 $3 1,999 09 
 
 36,040 37 
 
 27,791 72 
 
 44. '97 74 
 
 61,954 51 
 
 24,073 02 
 
 24,696 43 
 
 51.835 11 
 
 34.934 29 
 
 49,017 56 
 
 94,045 16 
 
 73,191 84 
 
 95.990 89 
 
 142,978 31 
 
 142,793 76 
 
 109,332 36 
 
 104,037 12 
 
 93,'39 13 
 100,726 02 
 101,514 58 
 
 69,240 68 
 116,295 27 
 128,996 59 
 
 Total deposits 
 each year, 
 
 1867 to 18S9 
 inclusive. 
 
 $33,115,442 84 
 
 45.121.642 29 
 55,121,662 47 
 62,393,245 63 
 
 63.764.643 75 
 69,879, 4156 10 
 
 77.367.799 32 
 93,468,880 30 
 84,661,024 34 
 89,211,562 84 
 89,288,968 60 
 
 95.275.377 '3 
 99,287,618 08 
 116,156,713 49 
 134,202,797 38 
 150,172,082 37 
 156,186,224 50 
 155,801,239 36 
 171,176,090 73 
 180,219,633 94 
 187,346,327 09 
 203,821,894 16 
 210,816,196 12 
 
206 
 
 Debt of Canada imiom 1807 to 1889. 
 
 Year. 
 
 1867. 
 
 1868. 
 
 1869 
 
 1870. 
 
 187I. 
 
 1872. 
 
 1873- 
 1874. 
 
 1875- 
 1876. 
 
 1877. 
 
 1878. 
 
 1879. 
 
 1880. 
 
 1881. 
 
 1882. 
 
 1883. 
 
 1884 
 
 1885. 
 
 1886. 
 
 1887 
 
 1888. 
 
 1889. 
 
 Del)t of Canada tVom Ist 
 Details in Annum. Rei-or t 
 
 Tnlal Dcl.t. 
 
 $ cts, 
 
 93,046,051 73 
 
 96,896,666 20 
 
 112,361,998 39 
 
 "5.993. 706 76 
 
 115,492,682 76 
 
 122,400,179 36 
 
 > 29.743.432 19 
 
 141,163,551 33 
 
 151,663,401 62 
 
 161,204,687 86 
 
 174,675.834 97 
 
 174.957.268 96 
 
 179,483,871 21 
 
 194,634,441 68 
 
 •99.861,537 51 
 
 205,365,251 97 
 
 202,159,104 30 
 
 242,482,416 21 
 
 264,703,607 43 
 
 273,164,341 II 
 
 273,187,626 43 
 
 284,513,841 89 
 
 287,722,062 76 
 
 Tot.nl Asseis 
 
 $ Cts, 
 17,317,410 36 
 21,139,531 46 
 36,502,679 19 
 
 37.783.964 3' 
 
 37,786,165 II 
 40,213,107 32 
 
 29.894.970 55 
 
 32,838,586 91 
 35.655.023 60 
 36.653,173 78 
 41,440,525 94 
 
 34.595.199 OS 
 36,493,683 85 
 42,182,852 07 
 
 44.465.757 II 
 51,703,601 19 
 43,692,389 84 
 60,320,565 95 
 68,295,915 29 
 50,005,234 02 
 45,872,850 99 
 49,982,483 73 
 50,192,02! II 
 
 Not Delil. 
 
 $ cts, 
 75,728,641 37 
 
 75. 757.134 74 
 
 75.859.3'9 20 
 
 78,209,742 45 
 
 77.706,517 65 
 
 82,187,072 04 
 
 99,848,461 64 
 
 108,324.964 42 
 
 116,008,378 02 
 
 124,551,514 08 
 
 133.235.309 03 
 140,362,069 91 
 142,990,187 36 
 152,451,588 61 
 '55.395. 780 40 
 153,661,650 78 
 158,466,714 46 
 182,161,850 26 
 196,407,692 14 
 223,159,107 09 
 
 227,314.775 44 
 234.531.358 16 
 237.530,041 65 
 
 I iicrease 
 
 of 
 
 Dcl.t. 
 
 els. 
 
 28,493 37 
 102,184 46 
 
 2,350.423 25 
 
 4.480,554 39 
 17,661,389 60 
 8,476,502 78 
 7,683,413 60 
 8,543,136 06 
 8,683,794 95 
 7,126,760 88 
 2,628,117 45 
 9,461,401 25 
 2,944,191 79 
 
 4,805,063 68 
 
 23.695.J35 80 
 
 14,245,841 88 
 
 •26,751,414 95 
 
 4,155,668 35 
 
 7,216,582 72 
 
 2,998,683 49 
 
 $164,038,754 70 
 
 Occrcaso 
 
 c.f 
 
 lluht. 
 
 Cts. 
 
 503,224 80 
 
 1,734,129 62 
 
 $2,237,354 42 
 
 "This amount includes $10,199,520.33 for which land was taken from the Canadian Pacific Railway Co, 
 
Dkht ok Canada from 1807 to 1880. 
 
 207 
 
 .liily, lH(i7, to.'JOtli June, ISMf). 
 
 llNANCR DErARTMENT. 
 
 
 
 S 
 12 
 
 1 
 
 1 
 
 
 . 
 
 
 Interest paiil 
 
 on 
 
 Del It. 
 
 Interest received 
 
 fri.rn 
 
 Iiivesimerits. 
 
 1 . 
 
 ill 
 
 1? 
 
 a 2 
 
 c 
 
 ? 
 
 V 
 
 'A 
 
 C'.i|iil.nl 
 I^x|ieii(lilure, 
 
 iiKliiilini; 
 
 Allowani cs to 
 
 Provinces. 
 
 Increase 
 or 1 >ecreasc 
 
 of Dul.i 
 over t^.ijjital 
 Kxpeniliture. 
 
 Year. 
 
 $ Cts. 
 
 $ els. 
 
 
 
 
 $ Cts. 
 
 $ Cts. 
 
 1867 
 + 1868 
 
 4,501,568 a 
 
 126,419 84 
 
 464 
 
 •S9 
 
 451 
 
 574,208 32 
 
 545.714 95 
 
 4,<;o7,oi3 71 
 
 313,021 20 
 
 4 36 
 
 ■85 
 
 4-08 
 
 514.023 11 
 
 411,838 65 
 
 II869 
 
 5,047,054 24 
 
 .K>J.955 91 
 
 4 3S 
 
 ■96 
 
 4 02 
 
 3,671,104 36 
 
 1,320,681 11 
 
 1 1870 
 
 5,165,304 24 
 
 .S54..?8J 72 
 
 4'47 
 
 146 
 
 3 '99 
 
 3,670,396 51 
 
 4,173.621 31 
 
 1 1 87 1 
 
 5,257,230 64 
 
 488,041 54 
 
 429 
 
 I 21 
 
 389 
 
 7,898,549 79 
 
 3.417.995 40 
 
 11872. 
 
 5,209,205 97 
 
 396,403 94 
 
 401 
 
 132 
 
 370 
 
 19,864,319 00 
 
 2,202,929 40 
 
 + 1873 
 
 5,724,436 31 
 
 619,863 00 
 
 4 'OS 
 
 1 85 
 
 3f'i 
 
 10,181,758 96 
 
 1,705,256 18 
 
 + 1874 
 
 6,590,790 19 
 
 840,886 65 
 
 4 34 
 
 235 
 
 3 78 
 
 6,923,185 ii 
 
 760,228 27 
 
 -187s 
 
 6,400,902 07 
 
 798,905 95 
 
 3 97 
 
 217 
 
 347 
 
 7,154.118 69 
 
 1,389,017 37 
 
 -1876 
 
 6,797,227 25 
 
 717,684 31 
 
 389 
 
 1 73 
 
 347 
 
 7,599.731 85 
 
 1,084,063 10 
 
 -1877 
 
 7,048,883 55 
 
 605,774 22 
 
 402 
 
 175 
 
 3-68 
 
 6,657,200 36 
 
 469,560 52 
 
 -1878 
 
 7,194,734 14 
 
 592,500 04 
 
 400 
 
 1 62 
 
 367 
 
 5,648,336 61 
 
 3.020,214 21 
 
 1 1S89 
 
 7-773>868 75 
 
 834,792 67 
 
 399 
 
 197 
 
 3-56 
 
 8,241,173 98 
 
 1,220,227 27 
 
 -1880 
 
 7,591,144 88 
 
 75i,5>3 49 
 
 3 79 
 
 1-69 
 
 342 
 
 8,170,316 50 
 
 « 
 
 5,232,124 71 
 
 + 1881 
 
 7,740,804 47 
 
 914,009 27 
 
 3-7^' 
 
 1-76 
 
 3 32 
 
 7,351.052 61 
 
 9,085,182 23 
 
 + 1882 
 
 7,668,552 89 
 
 1,001,192 96 
 
 3 79 
 
 229 
 
 329 
 
 14,171,413 96 
 
 9.366,350 28 
 
 + 18S3 
 
 7,700,180 61 
 
 986,698 37 
 
 317 
 
 163 
 
 2 76 
 
 23.977.702 44 
 
 282,566 64 
 
 + 1884 
 
 9,419.482 19 
 
 1.997.03s SI 
 
 3SS 
 
 2.92 
 
 3 '80 
 
 13,220,185 35 
 
 1,025,656 53 
 
 -1885 
 
 10,137,008 66 
 
 2,299,078 91 
 
 371 
 
 459 
 
 2-86 
 
 9,589,734 19 
 
 17,161,680 76 
 
 —1 886 
 
 9,682,928 87 
 
 990,886 69 
 
 3S4 
 
 2' 16 
 
 3 18 
 
 4,439.938 72 
 
 284,270 37 
 
 + 18S7 
 
 9.823,313 00 
 
 932.025 35 
 
 3-4S 
 
 1-86 
 
 3 12 
 
 4,437,460 16 
 
 2,779,122 56 
 
 —1888 
 
 10,148,931 97 
 
 1,305.392 25 
 
 3S2 
 
 2 60 
 
 3 07 
 
 4,420,313 66 
 
 1,421,630 17 
 
 ^1889 
 
 >:| 
 
20H 
 
 HecKII'I'S and Exi'ENDITUUE OF CANADA, IS()7 I'o 1 880. 
 
 Ueceiits and Expenditure of Civnudu, 
 Drtails in Annual Kkiokt 
 
 
 
 KkCEII'TS. 
 
 
 
 
 Yeivr. 
 
 
 
 
 
 
 Tnxcs. 
 
 Various Soiirccn. 
 
 'I'lltol. 
 
 $ 
 
 Cli.irKiis on 
 IMit. 
 
 Sulisidics lu 
 I'lxviiiccs. 
 
 
 $ Cts. 
 
 $ Cts. 
 
 $ Cts. 
 
 $ Cts. 
 
 1867 68.. 
 
 11,700,681 08 
 
 1,987,247 41 
 
 13.687,928 49 
 
 4,S6o,757 62 
 
 2,753,966 46 
 
 1868 69.. 
 
 11,112,573 01 
 
 3,266,fKji 51 
 
 14.379.174 52 
 
 5.372,670 32 
 
 2,604,050 13 
 
 1869-70. . 
 
 13,087,882 67 
 
 2,424,342 98 
 
 15,512,225 65 
 
 5.387.053 70 
 
 2,588,604 96 
 
 1870 71. . 
 
 16,320,368 70 
 
 3,015,192 II 
 
 '9.335.560 81 
 
 5.591.959 08 
 
 2,624,940 23 
 
 1871-72.. 
 
 17.715.552 04 
 
 2,999,261 64 
 
 20,714,813 68 
 
 5,603,642 69 
 
 2,930,113 10 
 
 1872-73.. 
 
 17,616,554 78 
 
 3,196,914 67 
 
 20,813,469 45 
 
 5,387,850 47 
 
 2,921,399 87 
 
 1873-74 
 
 20,129,185 17 
 
 4.075.907 37 
 
 24,205,092 54 
 
 5,989,120 82 
 
 3,752,757 48 
 
 1874-75. 
 
 20,664,778 96 
 
 3,983,836 08 
 
 24,648,715 04 
 
 6,817,991 02 
 
 3,750,961 88 
 
 1875-76.. 
 
 18,614,415 02 
 
 3,973,172 03 
 
 22,587,587 05 
 
 6,609,050 62 
 
 3,690,355 IS 
 
 1876-77- • 
 
 17.697.924 82 
 
 4.361,349 29 
 
 22,059,274 
 
 7,005,102 78 
 
 3,655,850 58 
 
 1877 78.. 
 
 17,841,938 19 
 
 4.533.073 69 
 
 22,375,0 
 
 7,240,969 89 
 
 3,472,807 87 
 
 1878-79.. 
 
 18,476,613 35 
 
 4,040,768 79 
 
 22,517,382 14 
 
 7.472.657 57 
 
 3.442.764 34 
 
 1879-80. . 
 
 18,479,576 44 
 
 4,827,830 25 
 
 23,307,406 69 
 
 8,062,954 24 
 
 3,430,846 31 
 
 1880 Si . . 
 
 23.942,138 95 
 
 5.693.158 59 
 
 29.635.297 54 
 
 7,819,588 99 
 
 3.455,5«7 73 
 
 1881-82. . 
 
 27,549.046 45 
 
 5,834,409 07 
 
 33.383.455 52 
 
 7,935.848 05 
 
 3.530,999 48 
 
 1S82-83.. 
 
 29,269,698 81 
 
 6,524,950 99 
 
 35,794,649 So 
 
 7,902,722 45 
 
 3,606,672 61 
 
 1883-84.. 
 
 25.483.199 19 
 
 6,378,762 54 
 
 31,861,961 73 
 
 7,930,085 85 
 
 3,603,714 38 
 
 1884-85. 
 
 25.384.529 32 
 
 7,412,471 90 
 
 32,797,001 22 
 
 9.806,977 70 
 
 3.959,326 91 
 
 188S-86.. 
 
 25,226,456 21 
 
 7.950,584 18 
 
 30,177.340 39 
 
 10,483,929 52 
 
 4,182,525 91 
 
 1886-S7.. 
 
 28,687,001 93 
 
 7.067,991 32 
 
 35.754,993 25 
 
 9,970,671 25 
 
 4,169,341 04 
 
 1887 -88.. 
 
 28,177,413 iS 
 
 7.731.050 35 
 
 35,908,463 53 
 
 10,166,905 12 
 
 4,188,513 53 
 
 188S-89. . 
 
 30,613,522 51 
 
 8,169,347 72 
 
 38,782,870 23 
 
 10,422,521 99 
 
 4,051,427 62 
 
RECEIlTa AND Exi-ENblTUUE OF CANADA, 1«(J7 TO !««!). 
 
 200 
 
 (iti Account (if C<)iis()li(latc<l Fujul. 
 
 KlNANCK DK.I'AKTMI'.Nr. 
 
 KXPKNDITUHR, 
 
 SiiikiriK 
 Fiiiicl. 
 
 Collet.(ior) <jf 
 Rfvemie. 
 
 Other 
 Expciuliturt.', 
 
 $ Cts. 
 
 .555.266 66 
 426,806 66 
 
 i-'6.S33 33 
 }2I,666 24 
 470,606 67 
 407,826 62 
 513,920 00 
 
 555.773 32 
 S22,9S3 32 
 
 ■*^28.373 59 
 945.746 02 
 ".037.219 76 
 1,165,867 22 
 1,250,731 20 
 1,290,724 90 
 1,344,136 83 
 1,403,863 61 
 1,482,051 48 
 1,606,270 77 
 1,592,952 62 
 
 1.939.077 79 
 1,736,644 34 
 
 $ cts, 
 1,885,804 20 
 2,175,071 47 
 2.551,724 89 
 2.374. 1 14 36 
 2.711.587 33 
 3.395.47S 60 
 4,736,442 28 
 4,719,654 78 
 4,796,238 91 
 5. 194.896 64 
 5, '1,124 20 
 
 5.5' '^'2 19 
 5,227, 11, j 89 
 5.683,153 IS 
 6,016,069 58 
 6,622,755 12 
 
 6.875.727 78 
 7,193,876 66 
 7,808,751 36 
 8,376,026 87 
 8,789,764 34 
 8.873.338 81 
 
 $ els, 
 3,630,298 02 
 3.459.485 42 
 3.891.592 70 
 4,610,401 81 
 
 5.873.5'9 03 
 7.062,095 36 
 8,324,076 17 
 7,868,690 04 
 
 8.569.774 " 
 6,835,078 18 
 6,542,510 27 
 6 '141,577 70 
 6.963,852 79 
 
 7.293.563 35 
 
 8,293,461 57 
 
 9.253.870 44 
 
 11,294,314 63 
 
 •12,594,827 37 
 
 + 14,930,134 70 
 
 11,548,688 38 
 
 11,634,234 01 
 
 11,833,902 00 
 
 loial 
 Kxiwiiditure. 
 
 $ cts, 
 13,486,092 96 
 14,038,084 00 
 
 •4.345.509 58 
 i5,623,o.Si 72 
 '7.589,468 82 
 19.174.647 92 
 23.3>6,3i6 75 
 23. 7 « 3.07 1 04 
 24,488,372 II 
 
 23.519.301 77 
 23.503, «S8 25 
 24.455.381 56 
 24,850,634 45 
 
 25.502,554 42 
 27,067,103 58 
 
 28,730,157 45 
 31,107,706 25 
 35,037,060 12 
 39,011,612 26 
 35,657,680 16 
 36,718,494 79 
 36,917,834 76 
 
 Surplus 
 
 $ Cts 
 
 201,835 53 
 
 341,090 52 
 
 1,166,716 07 
 3.712,479 09 
 
 3.125.344 86 
 1,638,821 53 
 
 888,775 79 
 935.644 00 
 
 4, '32,743 '2 
 
 6,316,35' 94 
 
 7,064,492 35 
 
 754,255 48 
 
 97,313 09 
 
 ',865,035 47 
 
 32,240,898 84 
 
 Deficit. 
 
 cts. 
 
 Year. 
 
 1,000,785 06 
 1.460,027 66 
 1.128,146 37 
 
 1,937,999 42 
 1,543.227 76 
 
 2,240,058 90 
 5,834,57' 87 
 
 810,031 .'6 
 
 16,854,848 30 
 
 186768 
 1868-69 
 1869-70 
 
 1870-71 
 1871-72 
 '872-73 
 '873-74 
 1874.75 
 
 1875-76 
 
 1876-77 
 
 1877-78 
 
 1878.79 
 
 1879-80 
 
 1880-81 
 
 1881-82 
 
 1882-83 
 
 1883-84 
 
 1884-85 
 
 1885-86 
 
 1SS6-87 
 
 1SS7-88 
 
 1S88-89 
 
 *Inclii(lint; $1,697,851,33 on account of Nortli-Wcst rcbullion. 
 + do 3,177,220.50 do do 
 
 26 
 
 .,^^.s««***. 
 
 ^ti|J 
 
210 
 
 Summary of Liauilities of Canada, 1867 to 1889. 
 
 
 
 
 Summary of the Liabilities of the Dominion of I 
 
 
 
 
 
 Details in Annual Report 1 
 
 Year. 
 
 Funiled HelH, 
 in London. 
 
 Funded Debt, 
 
 l'.iyahle 
 
 in Canada, 
 
 Debentures 
 
 and Stock .-uid 
 
 C. 1'. Ky. 
 
 Ouarantee. 
 
 Dominion 
 Notes. 
 
 Provincial 
 Notes. 
 
 Savings 
 Hanks. 
 
 Compensation 
 
 . '° 
 Seigniors. 
 
 
 $ cts. 
 
 $ Cts. 
 
 $ els. 
 
 $ Cts. 
 
 $ cls. 
 
 $ cLs. 
 
 1867.... 
 
 67,069,115 92 
 
 3.999. '75 03 
 
 3,113,700 00 
 
 6o5,tj9 12 
 
 1,422,046 87 
 
 3,869,810 02 
 
 1868.... 
 
 66,795,609 27 
 
 6,oi6,o" 3 69 
 
 3,795,000 00 
 
 552,325 79 
 
 1,686,126 31 
 
 3,869,810 02 
 
 1869.... 
 
 75.S47,I7S 94 
 
 6,950,496 12 
 
 4,830,000 00 
 
 467,743 12 
 
 2,452,118 72 
 
 3,869,810 02 
 
 1870.... 
 
 75.847,17s 94 
 
 7,768,236 23 
 
 7,479,353 33 
 
 334,301 05 
 
 3,367,072 44 
 
 3,860,64s 58 
 
 1871.... 
 
 75,811,162 61 
 
 7,828,451 36 
 
 7,367,340 74 
 
 115,091 80 
 
 4,515,445 78 
 
 3,811,065 13 
 
 1872.... 
 
 76,486,655 93 
 
 7,974.572 89 
 
 10,510,541 21 
 
 61,685 04 
 
 5,187,586 42 
 
 3,725,553 71 
 
 1873. ••■ 
 
 76,«37,7iS 94 
 
 8,199,396 16 
 
 11,284,131 69 
 
 51,028 04 
 
 6,119,690 65 
 
 3,500,593 57 
 
 1874.... 
 
 85.798.049 15' 
 
 8,914,513 96 
 
 12,175,578 62 
 
 47,013 05 
 
 7,210,260 83 
 
 3,476,822 29 
 
 1875.... 
 
 99,961,022 52 
 
 8,398,909 21 
 
 10,778,873 00 
 
 44,665 38 
 
 7,171,181 20 
 
 825,477 88 
 
 1876.... 
 
 "2.133-529 18 
 
 8,123,051 45 
 
 11,533,891 48 
 
 43,228 79 
 
 7,044,118 09 
 
 466,387 88 
 
 1877.... 
 
 122,477,629 18 
 
 8.308,523 45 
 
 10,680,492 88 
 
 42,527 03 
 
 7,470,630 83 
 
 407,061 20 
 
 1878.. . 
 
 121,244,415 85 
 
 8.933,230 66 
 
 10,460,734 Si 
 
 41,845 76 
 
 8,497,013 35 
 
 400,427 41 
 
 1879.... 
 
 128,307,409 18 
 
 9.998,778 39 
 
 10,789,710 04 
 
 41,397 04 
 
 9,207,683 20 
 
 391,330 96 
 
 1880.... 
 
 137,024,582 53 
 
 11,595,160 16 
 
 13,565,159 46 
 
 41,039 84 
 
 11,052,956 18 
 
 385,840 31 
 
 1881.... 
 
 135,601,082 53 
 
 11,580,141 84 
 
 14,538,965 05 
 
 40,810 17 
 
 15,836,672 00 
 
 394.595 90 
 
 IS82.... 
 
 132,122,875 86 
 
 10,901,004 55 
 
 15,807,910 91 
 
 40,595 08 
 
 21,768,661 69 
 
 244,936 10 
 
 1S83.... 
 
 130,187,402 54 
 
 5,924,403 45 
 
 15,997.854 73 
 
 40,358 61 
 
 26,219,107 55 
 
 200,085 45 
 
 IS84.... 
 
 153.157.095 87 
 
 21,988,565 93 
 
 15,360,281 32 
 
 40,237 01 
 
 29,217,536 84 
 
 198,162 11 
 
 iS8s.... 
 
 154,105,122 54 
 
 19,930,644 25 
 
 15,633,255 58 
 
 40,164 06 
 
 32,979,076 39 
 
 195.378 79 
 
 1S86.... 
 
 172,247,082 55 
 
 20,382,614 03 
 
 16,297,453 36 
 
 40,084 29 
 
 37,173,813 88 
 
 188,764 So 
 
 1887.... 
 
 i7",f'75.735 89 
 
 18,749,402 05 
 
 15,059,836 06 
 
 39,880 87 
 
 40,832,275 37 
 
 188,764 So 
 
 1888.... 
 
 176,601,775 89 
 
 17,572,668 28 
 
 16,249,318 53 
 
 39,792 31 
 
 41,371,058 23 
 
 179,153 81 
 
 1S89.... 
 
 188,239,435 90 
 
 15,511,362 16 
 
 15,426,280 83 
 
 .39,767 98 
 
 42,956,357 68 
 
 181,776 48 
 
 • 
 
 • 
 
 
 * ^ 
 
 
 
Summary of Liabilities of Canada, 1807 to 1889. 
 
 211 
 
 Canada, from 1st July, 1807, to 80th June, 1889. 
 
 I'lNANCK DEI'AKTMKNT. 
 
 Tempor.^^>' 
 Loans. 
 
 Cts. 
 
 6,S7S,4io OS 
 2.224,353 70 
 
 Trust Fund. 
 
 18,985,907 97 
 1,262,444 4^ 
 1,241,000 00 
 5.651,459 33 
 
 $ cts, 
 6,408,779 93 
 
 6,454.799 24 
 6,477,618 45 
 6,535, "02 56 
 
 6,595,677 85 
 6,655,248 83 
 
 6.686.346 61 
 6,752,846 71 
 6,822,523 78 
 6,881,938 05 
 
 6.899.347 34 
 6,860,331 40 
 6,834,477 14 
 
 6,893,453 12 
 6,941,146 22 
 
 6,999,03s 43 
 7,003,187 70 
 
 7,055,899 45 
 7,041,841 15 
 7,060,526 23 
 7,080,835 85 
 7,098,643 59 
 7,200,385 51 
 
 Province 
 Accounts. 
 
 $ Cts. 
 
 2,573,292 92 
 3.499,678 45 
 4,664,510 82 
 
 6,224,159 32 
 
 7,951,628 12 
 10,319,741 47 
 14,477,825 70 
 16,119,309 35 
 14,984,382 27 
 14,384,864 21 
 
 13,910,660 10 
 
 13.313.435 34 
 12,605,298 47 
 12,569,014 44 
 12,424,853 45 
 12,596,072 17 
 12,573,490 79 
 14,285,698 73 
 14,219,479 69 
 
 i7,3'o,53i 30 
 17,282,987 33 
 17,194,048 29 
 16,927,883 96 
 
 Miscellaneous. 
 
 $ Cts 
 
 458,092 38 
 252,783 21 
 
 97,948 OS 
 
 111,198 39 
 210,648 44 
 305,014 87 
 1,355,016 64 
 358,992 24 
 525,614 07 
 
 415.433 60 
 427,700 04 
 652,592 30 
 5,516,727 15 
 5.873,706 72 
 2,458,603 60 
 4,876,106 80 
 
 3.957,059 69 
 1,139,984 41 
 1,076,010 09 
 
 1,013,953 40 
 790,848 86 
 681,524 58 
 
 liatikin}^ 
 Accounts. 
 
 $ Cts. 
 
 3,526,179 54 
 
 3,974,460 22 
 
 129,167 10 
 
 2,242,108 22 
 1,286,170 93 
 
 1,173.578 99 
 
 2.966,353 53 
 
 310,165 12 
 
 2,150,752 31 
 
 178,245 13 
 
 4,051,262 92 
 
 4,553,242 08 
 
 281,942 28 
 
 124,410 56 
 
 i u666 75 
 
 8,053 38 
 
 56,153 79 
 
 38,954 54 
 
 496,726 92 
 
 187,032 81 
 
 246,059 35 
 
 1,874,399 OS 
 
 $1,238,812 26 
 
 Total. 
 
 Ye.ir. 
 
 $ Cts, 
 93,046,051 73 
 96,896,666 20 
 112,361,998 39 
 115,993,706 76 
 115,492,682 76 
 122,400,179 36 
 130,778,098 53 
 141,163,551 33 
 151,663,401 62 
 
 161,204,687 86 
 
 174,675.834 97 
 174,957,268 96 
 
 183,974,753 8s 
 199,125.323 32 
 199,861,537 51 
 205,365,251 97 
 202,159,104 30 
 242,482,416 21 
 264,703,607 43 
 
 273,164,341 II 
 273,187,626 43 
 284,513,841 89 
 287,722,062 76 
 
 1867 
 
 1868 
 • 
 1869 
 
 1870 
 1871 
 1872 
 1873 
 1874 
 1875 
 1876 
 
 1877 
 1878 
 
 1879 
 1880 
 1881 
 1882 
 1883 
 1884 
 188s 
 1886 
 1887 
 1888 
 1889 
 
 i^mj^mmmmv^ 
 
212 
 
 Summary of Assets of Canada from l>Sfi7 to LS89. 
 
 Summary of Assets of the Dominion of Canada, from 1st July, 1807, to 
 
 80tli June, 18S9. 
 
 Detah.s in Annual Report Finance Department. 
 
 \'eM. 
 
 Sinking I-'uncI. 
 
 Other 
 Invest iiieilts. 
 
 Province 
 Accounts. 
 
 Miscell.-ineous 
 Accounts. 
 
 li.inkhiK 
 Accounts. 
 
 'rot.ii. 
 
 
 $ Cts. 
 
 $ Ct.S. 
 
 $ Cts. 
 
 $ Cts. 
 
 $ cts. 
 
 $ Ct.S. 
 
 1867. . . . 
 
 1,207,222 26 
 
 4,578,560 04 
 
 10,045,533 63 
 
 
 1,486,094 43 
 
 17,317,410 36 
 
 *i867-68. 
 
 1,562,488 92 
 
 1.989,29s 58 
 2,115,828 91 
 
 4.573.957 00 
 ■3.348.757 25 
 11,125,437 25 
 
 11,723.359 51 
 14,776,812 35 
 
 17,193,583 67 
 
 
 3.270,726 0^ 
 
 2 1 , no, ? ; I a() 
 
 1868-69. 
 
 
 6,387,814 01 
 
 ^6, so2,67o 10 
 
 1869-70. 
 
 11,119 42 
 
 7.337.995 06 
 
 37.783,964 31 
 
 1S70-71 . 
 
 2.537.495 15 
 
 9.369.951 94 
 
 19,126,530 78 
 
 193.495 7« 
 
 6.558,691 46 
 
 37,786,165 11 
 
 1871-72. 
 
 3,450,481 82 
 
 7,468,891 90 
 
 20,901,517 14 
 
 234,085 67 
 
 8,158,130 79 
 
 40,213,107 J2 
 
 1872-73- 
 
 3,598,422 46 
 
 5,717,694 42 
 
 11.537.690 00 
 
 1,664,242 59 
 
 8,376,921 08 
 
 30,894,970 55 
 
 1873-74- 
 
 4,112,348 46 
 
 6,313.565 10 
 
 11,524,637 57 
 
 1,679,109 92 
 
 9,208,925 86 
 
 32,838,586 91 
 
 1874-75- 
 
 4,668,121 78 
 
 7,119,180 61 
 
 11.521.697 70 
 
 1,883,437 38 
 
 10,462,586 13 
 
 35,655,023 60 
 
 1875-76- 
 
 5,491,075 10 
 
 9,157.463 90 
 
 11,974,808 36 
 
 689,052 27 
 
 9,340,774 35 
 
 36,653,173 98 
 
 1876-77. 
 
 6,387,515 10 
 
 7,786,874 41 
 
 12,367.515 84 
 
 1,388,921 81 
 
 13.509,698 78 
 
 41,440,525 94 
 
 1877-78- 
 
 7,400,268 45 
 
 4.551.637 84 
 
 12,274,893 35 
 
 1.394,579 49 
 
 8,973,819 92 
 
 34,595.199 OS 
 
 187S-79. 
 
 8,531,564 62 
 
 4,152,654 81 
 
 13,030,018 76 
 
 1,041,922 25 
 
 9.737,523 41 
 
 36.493.683 85 
 
 1S79-80. 
 
 9.747.372 58 
 
 5,932,433 66 
 
 13,535,092 05 
 
 1,032,434 66 
 
 11,935.519 12 
 
 42,182,852 07 
 
 1880-81. 
 
 10,964,525 91 
 
 6,798,964 16 
 
 13,314,114 95 
 
 952.291 31 
 
 12,435,950 78 
 
 44.465.757 11 
 
 1881-82. 
 
 12,190,731 71 
 
 11,443,103 98 
 
 13,013,285 71 
 
 2,192,485 50 
 
 12,863,994 29 
 
 51,703,601 19 
 
 1882-83. 
 
 12,941,658 37 
 
 7,850,894 54 
 
 13,146,291 01 
 
 2,617,229 60 
 
 7,136,316 32 
 
 43,692,389 84 
 
 1883-84. 
 
 14,292,158 37 
 
 28.337.490 82 
 
 7,499,069 39 
 
 1,707,920 86 
 
 8,483,926 51 
 
 60,320,565 95 
 
 1884-85. 
 
 15.855.353 21 
 
 34,497.966 54 
 
 7,502,723 71 
 
 1,683,192 16 
 
 8,756,679 67 
 
 68,295,915 29 
 
 1885-86. 
 
 17,461,623 98 
 
 8,249,817 13 
 
 7,508,754 51 
 
 1,619,495 52 
 
 15,165,542 88 
 
 50,005,234 02 
 
 1886-87. 
 
 19.054.576 60 
 
 8,874,105 59 
 
 7,518,401 82 
 
 1,601,532 71 
 
 8,824,234 27 
 
 45,872,850 99 
 
 1887-88. 
 
 20,993,654 39 
 22,730,298 73 
 
 10,549.695 87 
 9.749.154 91 
 
 7,545,149 99 
 7,973.556 47 
 
 1,405,215 91 
 
 9,488,767 57 
 
 49,982,483 73 
 
 1888-89. 
 
 $9.73 
 
 9,011 00 
 
 50,192,021 u 
 
, 18(57, k 
 
 'I'otal. 
 
 $ c-ls. 
 
 17,317,410 56 
 !i. 139.531 4f) 
 
 16,502,679 19 
 
 i7,783.964 3' 
 17,786,165 II 
 ^o,2I3,Io7 32 
 10,894,970 55 
 12,838,586 91 
 IS.65S.023 60 
 
 16.653,173 9^ 
 .1,440,525 94 
 
 4.S9S.I99 05 
 6,493,683 85 
 2,182,852 07 
 4,465,757 II 
 1,703,601 19 
 3,692,389 84 
 0,320,565 95 
 
 8,295,915 2<) 
 
 0,005,234 02 
 5,872,850 99 
 9,982,483 73 
 0,192,021 II 
 
 30 
 
 
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 73 
 
 H 
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 I— t 
 
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 72 
 
 ta 
 Id 
 
 Q 
 
 Liabilities of Canada from 1807 to 1889. 
 
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 213 
 
 I 
 
214 
 
 LiAHiLiTiEs OF Canada from 1867 to 1SS9. 
 
 73 
 
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Liabilities of Canada from 1807 to 1889. 
 
 216 
 
 0) 
 
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 Liabilities of Canada fuom IHG7 to 1889. 
 
 
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 Prince 
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 Assets of Canada from 1867 to 1880. 
 
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Assets of Canada from 1867 to 1889 — (Continued). 
 
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 N N N N N N rn m rn rn m m N ro n n (s c* m m to f o 
 
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 m On -^00 ^m^fNONO ONr>.oONO n n n mo »^ N On 
 
 
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 r^oo r>. t^ Cl 00 On rn N O Q Q OvOO rn 
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 inroM fnO '-voX)CO Q '-' 'i'OO i-^^Onmco •- 
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 . M-O N 0\mTf"-vO O OOO rOTft^vONO ^ in 
 
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 OOO f'^inin— ^ O CN'+Tt-N 
 
 00 Tfr^— rno Onm »- ONf^inn 
 O 00 'o i-ooo o t^ " o^ in »n rj- '-n 
 
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 t^oo 6\ 6 *-■ f-i f'n "^ m\o r~->b on 6 ■-- n r'n '*• mvo r^oo 
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CoMi'AiiATiVK Statkmknt oK KxI'ENDITURE, &;c. 
 
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 in o •* "T 1^ r^vO o O ■>o tn f^ -* t->. o^ M 00 m « •- o >n 
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 ^ ^ in in ir» *n r>.\o r^t^r^t>.i>.t>,r^t^i>, t>.oo oo oo oo 
 
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 roO^O^>^ in&\t>.-tl^iP-r^O PlsOOOv: PI CsO 
 
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 rJ-OO O CO N « On On^O M — 
 
 
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 v5 a» "-• ONw 'S t~>.^ i>*oo CO &0 00 00 cc 
 
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 so so pn pn ppi rn ppi O "^so 00 00 -^^ c 
 
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 wn in in in inoo in in in m 
 ■OOOOOsOOOOOCOOO 
 
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 CoMPAiiATivE Statement ok LiAiui.iTiEH, &c. 
 
 
 
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 Occ f'^c^^n' !'■•-'« W^O ^ •T-0 cio tn ^ •ft-,— — iri 1^ 
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 88 
 
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 i^sO tn fi "t t^ t^ N "^ "t •t *tO •- ^o f'^ tn — yi :(0 »n ^co 
 1^— o^O^O t^'ON'O n « •t'- C^co •t'O fi o ft rt ^n »n 
 
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 mo ON tx 
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 rn -+ en r>* r--. f^o r->. ■ 
 
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 o 
 
 IS 
 
 o 
 U 
 
 ci 
 
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 o 
 c 
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 3 U 
 
 •So 
 
 O 
 
 O - 
 
 •a 
 
 J3 
 
Dominion Government Savings Banks. 
 
 241 
 
 Roca])itulati()n of Govoi-nincnt and Post Office Savings Banks, 1867 to 1H.S9. 
 
 
 
 
 
 V<;ar. 
 
 Deposits. 
 
 Interest 
 Allowed. 
 
 I'olal. 
 
 Withdrawals. 
 
 Increa.se 
 
 or Decre.ise of 
 
 Deposits 
 
 Total. 
 
 
 
 
 
 
 Withdrawals. 
 
 
 
 $ Cts. 
 
 $ Cts. 
 
 $ cts. 
 
 ■B cts. 
 
 $ Cts. 
 
 $ cts. 
 
 1867-68.. 
 
 505,501 34 
 
 67,017 02 
 
 572,518 36 
 
 300,757 32 
 
 ■f 265,761 04 
 
 572,51836 
 
 1868-69.. 
 
 1,251,02302 
 
 90,622 76 
 
 1,341,645 78 
 
 578,11448 
 
 + 763,531 30 
 
 1,341,645 78 
 
 1869-70.. 
 
 1,810,382 20 
 
 125,816 70 
 
 1,936,19890 
 
 976,11922 
 
 -f 960,079 68 
 
 1,936,19890 
 
 1870-71 .. 
 
 2,474,244 90 
 
 172,53051 
 
 2,646,775 41 
 
 1,488,897 38 
 
 •f 1,157,87803 
 
 2,646,775 41 
 
 1871-72.. 
 
 3.385.337 80 
 
 217,00998 
 
 3,602,347 78 
 
 2,920,911 16 
 
 + 681,43662 
 
 3,602,347 78 
 
 1872-73.. 
 
 4.749,835 35 
 
 220,824 60 
 
 4,970,659 95 
 
 4,056,171 52 
 
 -f 914,488 43 
 
 4,970,659 95 
 
 1S73-74.. 
 
 S.797.913 98 
 
 280,764 33 
 
 6,078,678 31 
 
 5,033,639 44 
 
 + 1,045,03887 
 
 6,078,678 31 
 
 1874-7S-- 
 
 '5,512,63477 
 
 29P ''-'■4 00 
 
 5,811,28877 
 
 5,850,368 40 
 
 — 39,079 63 
 
 5,811,28877 
 
 1875-76.. 
 
 4,948,876 44 
 
 288,688 35 
 
 5.237,564 79 
 
 5,364,627 90 
 
 — 127,063 u 
 
 5.237.564 79 
 
 1876-77 •• 
 
 5.432.575 72 
 
 294,224 25 
 
 5,726,799 97 
 
 5,300,287 23 
 
 + 426,512 74 
 
 5,726,799 97 
 
 1877-78.. 
 
 7,090,729 04 
 
 336,650 so 
 
 7.427.379 54 
 
 6,400,997 02 
 
 -(• 1,026,382 52 
 
 7,427,379 54 
 
 1878-79 •• 
 
 6,522,53326 
 
 353,577 84 
 
 6,876,111 10 
 
 6,164,441 25 
 
 f 710,669 85 
 
 6,876,111 10 
 
 1879-80.. 
 
 7,960,411 41 
 
 404,803 55 
 
 8,365,214 96 
 
 6,519.941 98 
 
 + 1,845,272 98 
 
 8,365,21496 
 
 1880-81.. 
 
 10,669,681 76 
 
 508,778 66 
 
 11,178,46042 
 
 6,394,744 60 
 
 + 4,783,715 82 
 
 11,178,460 42 
 
 18S1-82.. 
 
 13,526,422 53 
 
 703,013 68 
 
 14,229,436 21 
 
 8,297,446 52 
 
 -t- 5.931,98969 
 
 14,229,436 21 
 
 1882-83.. 
 
 13.893.656 13 
 
 912,692 87 
 
 14,806,349 00 
 
 10.355,903 14 
 
 + 4.450,4- ' 86 
 
 14,806,349 00 
 
 1883-84.. 
 
 13,249,07097 
 
 1.054,13993 
 
 14,303,21090 
 
 11,304,781 61 
 
 + 2,998,429 29 
 
 14,303,21090 
 
 1884-85.. 
 
 14,268,938 60 
 
 1.185,267 52 
 
 15,454,206 12 
 
 11,692,666 57 
 
 + 3,761,539 55 
 
 15,454,206 12 
 
 1885-86.. 
 
 15,158,29574 
 
 1,335,62056 
 
 16,493,016 30 
 
 12,299,17881 
 
 + 4,194.737 49 
 
 16,493,916 30 
 
 1886-87 • • 
 
 14,406,952 41 
 
 1,487,569 ,i6 
 
 15. ^94.521 77 
 
 12,236,060 28 
 
 -1- 3,658,461 49 
 
 15,894,521 77 
 
 1S87-8S.. 
 
 11,480,85902 
 
 1,578,98786 
 
 13,059,84688 
 
 12,521,064 02 
 
 + 538,782 86 
 
 13,059,846 88 
 
 1888-89.. 
 
 12,657,802 14 
 
 1,619,221 95 
 
 14,277,024 09 
 
 12,691,72464 
 
 + 1,585,29945 
 
 14,277,024 09 
 
 
 i76,75J.''78 53 
 
 13,536,47678 
 
 1 
 190,290,155 31 
 
 148,755,84440 
 
 + 41,700,453 56 
 — 166,14274 
 
 190,290,155 31 
 
 
 Iiicrca.st' of 
 
 Dt'pdsits over Withdrawals. . . 
 
 
 41,534,310 82 
 
 
 
 Balance, I 
 
 St Inly, 1867 
 
 
 1,422,046 86 
 
 
 
 
 
 
 
 
 
 42,956.357 68 
 
 
 i'4\ 
 
242 
 
 Dominion Government 8AViN(i.s Banks. 
 
 Recapitulation of Dominion (Jiovernmont Savings Banks. 
 Details in Annual Recort Finance Uei'artment. 
 
 Year. 
 
 n.nlance. 
 
 Deposits. 
 
 Total Deposits. 
 
 Withdrawals. 
 
 Halaiice. 
 
 
 
 Cash. 
 
 Interest. 
 
 
 
 
 
 $ Cts. 
 
 $ cts. 
 
 $ cts. 
 
 $ Cts. 
 
 $ Cts. 
 
 $ Cts. 
 
 1867-68.... 
 
 1,422,046 86 
 
 292.994 34 
 
 66,977 65 
 
 1,781,118 85 
 
 297,899 84 
 
 1,483,219 01 
 
 1868-69.... 
 
 1,483,219 01 
 
 323. I3« 02 
 
 69,528 04 
 
 1,875,885 07 
 
 281,360 13 
 
 ',594,524 94 
 
 1869-70 
 
 1,594,524 94 
 
 462,481 20 
 
 77,127 62 
 
 2,134.133 76 
 
 311,56371 
 
 1,822,570 05 
 
 1870-71 
 
 1,822,570 05 
 
 556,668 90 
 
 88,256 83 
 
 2,467,495 78 
 
 395,458 52 
 
 2,072,037 26 
 
 i«7i-72.... 
 
 2,072,037 26 
 
 tl, 123, 706 80 
 
 100,83s 43 
 
 3,296,579 49 
 
 1,142,34597 
 
 2,154,233 52 
 
 1872-73.... 
 
 2,154,233 52 
 
 2,442,917 35 
 
 93,891 72 
 
 4,691,042 59 
 
 1,732,872 20 
 
 2,958,170 39 
 
 1873-74.... 
 
 2,958,170 39 
 
 13,457.629 98 
 
 154,491 02 
 
 6.570,291 39 
 
 2,564,99602 
 
 4,005,295 37 
 
 1874-75.... 
 
 4,005,295 37 
 
 3,570,288 77 
 
 177.89s 94 
 
 7,753.480 08 
 
 3,508,389 36 
 
 4,245,090 72 
 
 1875-76.... 
 
 4,245,090 72 
 
 3,222,672 44 
 
 178.572 27 
 
 7,646,33s 43 
 
 3.343,16993 
 
 4,303,165 50 
 
 1876-77.... 
 
 4-303,165 SO 
 
 3,911,575 72 
 
 190,156 39 
 
 8,404,897 61 
 
 3,574,204 25 
 
 4,830,693 36 
 
 1877-78.... 
 
 4,830,693 36 
 
 5,366,358 04 
 
 232,816 21 
 
 10,429,867 61 
 
 4,687,338 29 
 
 5,742,529 32 
 
 1878-79.... 
 
 S.742,529 32 
 
 4,549,290 26 
 
 242,665 2S 
 
 10,534,484 86 
 
 4, 43 ',992 46 
 
 6,102,492 40 
 
 I879S0 
 
 6,102,492 40 
 
 5,240,195 41 
 
 268,728 08 
 
 11,611,415 89 
 
 4,504,12882 
 
 7,107,287 07 
 
 I8S0-81 .... 
 
 7,107,287 07 
 
 6,494,639 76 
 
 323.873 85 
 
 13,925,800 68 
 
 4,297,35s 45 
 
 9,628,445 23 
 
 1881-82.... 
 
 9,628,445 23 
 
 7,090,433 53 
 
 411,948 61 
 
 17,130,827 37 
 
 4,835,827 21 
 
 12,295,000 16 
 
 I8S2-83.... 
 
 12,295,000 16 
 
 7,067,390 13 
 
 505,387 70 
 
 19,867,777 99 
 
 5,624,907 75 
 
 14,242,870 24 
 
 IS83-84.... 
 
 14,242,870 24 
 
 6,807,631 97 
 
 576,652 47 
 
 21,627,154 68 
 
 5,655,17048 
 
 15.971,984 20 
 
 1884-85 ... 
 
 15,071,984 20 
 
 7,170,479 60 
 
 645,707 01 
 
 23,788,170 81 
 
 5,899,634 73 
 
 17,888,536 08 
 
 I8S5-86.... 
 
 17,888,536 08 
 
 7,513,068 74 
 
 728,545 18 
 
 26,130,150 00 
 
 6,115,70821 
 
 20,014,441 79 
 
 I8S6-87.... 
 
 20,0,4.441 79 
 
 6,134,911-41 
 
 795.164 79 
 
 26,944,517 99 
 
 5,609,992 77 
 
 21,334,525 22 
 
 1887-88.... 
 
 2 '.334. 525 22 
 
 3,541,143 92 
 
 813.348 71 
 
 25,689,017 85 
 
 5,006,992 24 
 
 20,682,025 61 
 
 8888 89.... 
 
 20,682,021 61 
 
 3,645,188 42 
 
 777,300 16 
 
 25,104,514 19 
 
 5.^59.57908 
 
 19,944,935 " 
 
 t iJ.ilaiice (if St. Iiilm's Savinj;'< ]'>i:n\i i)r$i3S,4l7.4i, iiicliul'.'ii wlu'ii taken over. 
 I " 1'. K. Island " $249. 941. 40, " " " 
 
Fire Insurance in Canada. 
 
 248 
 
 FIRE INSURANCE IN CANADA. 
 
 Premiums Received and Lo.sse.s Paid from 1869 to LSSO. 
 nuTAii.s IN Rki'ort ok Superintendent of Insurance. 
 
 Year. 
 
 869 
 
 870 
 
 871 
 
 872 
 
 873 
 
 874 
 
 87s 
 
 876 
 
 877 
 
 878 
 
 879 
 
 880 
 
 881 
 
 882 
 
 ^^3 
 
 884 
 
 885 
 
 886 
 
 S87 
 
 888 
 
 889 
 
 Totals, 
 
 Preniiums 
 Received . 
 
 $ 
 
 1.785.539 
 1,916,779 
 2,321,716 
 2,628,710 
 2,968,416 
 3.522.303 
 3.594,764 
 3,708,006 
 3,764,005 
 3,368,430 
 3,227,488 
 
 3.479.577 
 3.827,116 
 4,229,706 
 4,624,741 
 4,980,128 
 4,852,460 
 
 4,932,335 
 5,244,502 
 5,437,263 
 5,588,016 
 
 80,002,000 
 
 Losses Paid. 
 
 $ 
 
 1,027,720 
 1,624,837 
 1,549.199 
 1.909.975 
 1,682,184 
 
 5.926,159 
 
 2,563,531 
 2,867,295 
 8,490,919 
 1,822,674 
 2,145,198 
 1,666,578 
 3,169,824 
 2,664,986 
 2,920,228 
 
 3.245.323 
 2,679,287 
 3.301,388 
 
 3,403,5»4 
 3,073,822 
 2,876,211 
 
 56,610,852 
 
 Rate of 
 
 Losses per cent. 
 
 of Preiiiiiinis. 
 
 57 56 
 84-77 
 66 73 
 72 66 
 56 67 
 54-68 
 71-31 
 77-33 
 225 58 
 
 54-11 
 66 47 
 
 4790 
 82 83 
 
 63 01 
 
 63-14 
 
 65 16 
 
 55-22 
 
 66 93 
 
 64 90 
 56-53 
 5>-47 
 
 70.76 
 
 Fire Insurance in Canada from 1H69 to 1889 by Countries. 
 
 Canadian Companies 
 Hrilish ilo 
 
 American do 
 
 Totals.. 
 
 Premiums 
 Received. 
 
 $ 
 
 23,559,996 
 
 50,079,464 
 
 6,362,540 
 
 80,002,000 
 
 Losses Piiid. 
 
 $ 
 
 17,012,776 
 
 35.300,559 
 
 4.297.517 
 
 56,610,852 
 
 Rate of 
 Losses per cent, 
 of I^rciniums. 
 
 72'2I 
 
 70 49 
 67-54 
 
 70.76 
 
 Had the St. John fire (1877) been excluded from these tables, the average loss rate would only hav? 
 been 63 . 1 2. 
 
244 
 
 Fire Insurance in Canada. 
 
 Talilo giving the distriliutioii of Firo Imsiness between Canadii 
 
 and other countries during liS(Si). 
 
 
 
 
 
 
 
 
 ~ 
 
 
 In Canada. 
 
 I 
 
 N Other Coi 
 
 NTHIES. 
 
 
 
 
 
 
 
 
 
 -a s 
 
 
 V 
 
 •3 
 
 ■? 
 
 
 II 
 
 V 
 
 ■a 
 
 i 
 
 
 I.i 
 
 Company, 
 
 •S§ 
 
 ■§ 
 
 
 ?r? 
 
 I2 
 
 > 
 "v 
 
 
 il 
 
 
 ^1 
 
 V 
 
 c 
 
 ■6 
 1 
 
 
 ?i 
 
 ■A 
 
 'd 
 
 
 
 II 
 
 "i 
 
 ■y 
 
 «< " ?; 
 
 U 
 
 3 
 
 ^ 
 
 n It 
 
 
 1- 
 
 i 
 
 6 
 
 
 1^ 
 
 S 
 
 a. 
 
 $ 
 
 $ 
 
 
 
 $ 
 
 $ 
 
 $ 
 
 
 $ 
 
 
 liritish America. 
 
 20,856,517 
 
 203,489 
 
 125,029 j 61-44 
 
 49,546,659 
 
 545.912 
 
 374,002 
 
 68-51 
 
 Cili/ciis' 
 
 19,602,240 
 
 205,308 
 
 121,802 ; 5933 
 
 996,155 
 
 17,687 
 
 9,401 
 
 5315 
 
 (^)Ucl)LC 
 
 8,200,023 
 
 96,908 
 
 68,762 70 96 
 
 557.539 
 
 8,721 
 
 6,252 
 
 71-69 
 
 Royal C'anadi.in. 
 
 19,698,449 
 
 175.017 
 
 115,583 6604 
 
 19.309.279 
 
 115,661 
 
 69,308 
 
 59-92 
 
 Western 
 
 3S.937.087 
 
 333.592 
 
 154,988 1 46-46 
 
 74,323,403 
 
 839,928 
 
 553.661 
 
 65-92 
 
 Totals 
 
 104,294,316 
 
 1,014,314 
 
 586,164 57-79 
 
 1 
 
 144.733.035 
 
 1.527.909 
 
 1,012,624 
 
 66 -2S 
 
 Ycnr. 
 
 1878 
 
 1879 
 
 1880 
 
 1881 
 
 1882 
 
 1883 
 
 1884 
 
 1885 
 
 1886 
 
 18S7 
 
 1888 
 
 1889 
 
 Totals 
 
 
 In Canada. 
 
 
 In c 
 
 ther Countries. 
 
 
 
 
 i^ . 
 
 
 
 i| 
 
 ■d 
 
 
 aij 
 
 •s 
 
 
 
 _> 
 
 
 9 ° i 
 
 
 
 •srs 
 
 
 ■d 
 
 ^ 
 
 •6 
 
 V /-. 
 
 § 
 
 S. 
 
 /: 
 
 u u a 
 
 3 
 
 I 
 
 u 8 E 
 
 B 
 
 ■j: 
 
 E 
 
 S 
 
 «7S. 5 
 
 
 2 
 
 ^^^ 
 
 a, 
 
 -J 
 
 ^ai 
 
 $ 
 
 $ 
 
 
 $ 
 
 $ 
 
 
 591.495 
 
 241.545 
 
 40 -84 
 
 1.251,923 
 
 737.430 
 
 58-90 
 
 552,090 
 
 287,729 
 
 5212 
 
 1,309,902 
 
 923,242 
 
 70-48 
 
 459.653 
 
 219,954 
 
 47 85 
 
 1.377.310 
 
 885,293 
 
 64 -28 
 
 428,79s 
 
 304.488 
 
 7101 
 
 1.439.085 
 
 1,085,846 
 
 75-45 
 
 543. « 26 
 
 334.000 
 
 61 -50 
 
 1,413.989 
 
 1.137,399 
 
 80-44 
 
 606,557 
 
 436,800 
 
 72 01 
 
 1.483,941 
 
 1,136,380 
 
 76-58 
 
 550,188 
 
 376,969 
 
 68-52 
 
 1,401,051 
 
 1,122,882 
 
 80-15 
 
 983,555 
 
 5'8.633 
 
 52-73 
 
 1,485,078 
 
 1,051,090 
 
 70-78 
 
 996,502 
 
 655.534 
 
 65-78 
 
 1,499,840 
 
 1,049,57 s 
 
 69-98 
 
 1,002,817 
 
 661,682 
 
 65-98 
 
 1,490,712 
 
 1,037,123 
 
 69 -29 
 
 1,002,109 
 
 655,191 
 
 65-38 
 
 1,453.410 
 
 1,008,509 
 
 69 -39 
 
 1,014,314 
 
 586,164 
 
 ST 19 
 
 1.527,909 
 
 1,012,624 
 
 66-28 
 
 8,731,261 
 
 5,278,689 
 
 60-46 
 
 17.140,150 
 
 12,187,393 
 
 7110 
 
Fire Inhtoance in Canada. 
 
 245 
 
 SuMMAitv of Fill! Insnnince in Caiuulii for the years 1869 to 1889 inclusive. 
 
 
 
 
 ■V 2 
 
 
 II 
 
 
 ■d 
 
 
 TO. 
 
 
 
 
 
 
 *-. --"U 
 
 
 
 
 
 
 
 
 
 
 l&s 
 
 02 
 
 6851 
 
 DI 
 
 S3',S 
 
 S2 
 
 71 '69 
 
 38 
 
 59 92 
 
 bl 
 
 65 92 
 
 24 
 
 66 28 
 
 •J °-!' 
 = E 
 
 " Se 
 
 5890 
 
 70 48 
 
 64 -28 
 
 75 45 
 
 80 '44 
 
 76 58 
 
 801S 
 
 7078 
 
 6998 
 
 69 29 
 
 69 39 
 
 66 28 
 
 71 • 10 
 
 Year. 
 
 Canadian Companies. 
 
 1869 
 
 1870 
 
 1871 
 
 1872 
 
 1873 
 
 1874 
 
 1875 
 
 1876 
 
 1877 
 
 1878 
 
 1879 
 
 1880 
 
 1881 
 
 1SS2 
 
 18SJ 
 
 1884 
 
 1885 
 
 1886 
 
 1S87 
 
 1SS8 
 
 1SS9 
 
 Totals 
 
 British Comtanies. 
 
 1869 
 
 1870 
 
 1871 
 
 1872 
 
 1S73 
 
 1874 
 
 187s 
 
 1876 
 
 1877 
 
 1878 
 
 1879 
 
 1880 
 
 1881 
 
 1882 
 
 1883 
 
 1SS4 
 
 1885 
 
 18S6 
 
 1887 
 
 iS,S8 
 
 1889 
 
 Toials 
 
 A M r, K IC A N C£>}>\ PA N 1 ES. 
 
 1869 
 
 1870 
 
 Carried forward . . - 
 
 Ncl 
 
 Cash I'rcniiuiiis 
 
 Received. 
 
 $ 
 501,362 
 
 5j6,6oo 
 
 707,418 
 
 796,847 
 
 842,81)6 
 
 1,453.781 
 
 1,646,654 
 
 1,881,641 
 
 1,622,955 
 
 1,161,890 
 
 1,102,822 
 
 1,190,029 
 
 1,206,470 
 
 1,033,433 
 1,091,801 
 
 1,140,428 
 1,107,879 
 1,107,710 
 
 1,121,435 
 1,131,991 
 1,173,948 
 
 23,559,996 
 
 1,119,011 
 1,185,398 
 1,299,846 
 1,499,620 
 1,773,265 
 1,809,473 
 1,683,715 
 1,597,410 
 1,927,220 
 1,994,940 
 1,899,154 
 2,048,408 
 2,353,258 
 2,<)oS,458 
 3,178,850 
 3,472,119 
 3,37('.40i 
 3,429,012 
 3,693,992 
 3,859,282 
 3,970,632 
 
 50,079,464 
 
 165,166 
 194,781 
 
 359,947 
 
 Amount of Policies 
 
 taken dtirint* 
 
 each Year. 
 
 $ 
 41,090,604 
 
 54.f'37,3'5 
 
 68,921,494 
 
 76,499,542 
 
 71,775,952 
 
 126,588,1)65 
 
 168,896,111 
 
 198,509,1 13 
 
 168,935,723 
 127,288,165 
 124,652,727 
 
 131,079,789 
 140,331,153 
 124,123,715 
 122,302,460 
 
 118,747,547 
 111,162,914 
 114,543,806 
 109,200,925 
 120,158,592 
 122,965,987 
 
 2,442,418,599 
 
 120,747,515 
 131,570,928 
 148,147,960 
 
 I74,3f>i,395 
 172,531,126 
 177,346,240 
 166,953,268 
 178,725,453 
 206,713,932 
 213,127,414 
 
 213,131,295 
 227,537,306 
 
 271,044,719 
 321,466,183 
 350,993,028 
 354,458,616 
 337,216,878 
 349,109,117 
 377,690,654 
 376,540,072 
 403,297,656 
 
 5,272,710,761 
 
 9,702,356* 
 12,S93,827«* 
 
 22,596,183 
 
 Amount at Risk 
 at date of 
 Statement. 
 
 $ 
 
 59,340,91^' 
 59,523,641* 
 68,465,914* 
 72,203,784* 
 91,032,187* 
 126,705,337* 
 190,284,543 
 231,834,162 
 217,745,048 
 171,430,720 
 158,824,631 
 154,403,173 
 153,436,408 
 152,564,079 
 
 149,930,173 
 147,968,945 
 
 143,759,390 
 142,685,145 
 154,165,902 
 159,070,084 
 158,883,612 
 
 115,222,003 
 120,903,017 
 
 132,731,241 
 145,700,486 
 147,602,019 
 155,088,455 
 
 154,835,931 
 153,885,268 
 184,304,318 
 202,702,743 
 208,265,359 
 
 229,745,985 
 277,721,299 
 339,520,054 
 380,613,572 
 413,441,198 
 421,205,014 
 393,166,340 
 424,314,264 
 
 434,941,955 
 468,379,580 
 
 13,796,890* 
 11,167,928* 
 
 Losses Paiti. 
 
 $ 
 
 i76,ii6 
 
 453,414 
 
 414,3.59 
 
 510,469 
 
 487,649 
 
 662,470 
 
 1,082,206 
 
 1,599,048 
 
 2,186,162 
 
 828,069 
 
 687,353 
 701,639 
 
 1,336,758 
 
 733,843 
 760,430 
 762,737 
 597,189 
 
 739,364 
 764,321 
 750,448 
 678,752 
 
 17,012,776 
 
 579,416 
 1,024,362 
 
 922,400 
 1,136,167 
 
 967,316 
 1,120,106 
 1,299,612 
 1,168,858 
 5,718,305 
 
 880,571 
 1,275,540 
 
 855,423 
 1,669,405 
 1,768,444 
 1,992,671 
 2,290,588 
 
 1,895,175 
 2,3.38,164 
 
 2,335,034 
 2,094,465 
 
 1,968,537 
 
 35,300,559 
 
 172,188 
 147,061 
 
 319.249 
 
 *These returns arc imperfect. 
 
r ■■ ■--r/TT^ 
 
 246 
 
 Fire Insurance in Canada. 
 
 Summary of B^ire Insurance in Canada, &c. — (Contirnied). 
 
 Year. 
 
 Hroughl fi.ivvard. . . , 
 
 American CoMi'ANiF.s--(Con 
 
 chilled.) 
 
 1871 
 
 1872 
 
 1S73 
 
 1874 
 
 i«75 
 
 1S76 
 
 1877 
 
 1S78 
 
 '«79 
 
 iScSo 
 
 1881 
 
 1882 
 
 1883 
 
 1884 
 
 1885 
 
 1886 
 
 1887 
 
 1888 
 
 1889 
 
 Total 
 
 Net 
 
 Cn.sh Prurnitims 
 
 Kect'ived. 
 
 $ 
 
 359.947 
 
 314.452 
 332.243 
 352,255 
 259,049 
 
 264,395 
 228,955 
 
 213,830 
 211,594 
 225,512 
 241,140 
 267,388 
 287,815 
 354.090 
 367.581 
 368,180 
 
 395-613 
 429.075 
 445.990 
 443.436 
 
 6,362,540 
 
 Amount of 
 
 Pnlicius taken 
 
 during 
 
 each Yc.ir. 
 
 $ 
 22,596,183 
 
 27,367,712* 
 26,526,334* 
 26,788,850 
 
 25.243.769 
 17.357.605 
 23.914,181 
 21,013,457 
 19,432,178 
 22,920,397 
 25,434,766 
 30,040,366 
 32,454,518 
 40,284,814 
 40,777,215 
 37.623.116 
 42.099,984 
 
 45.859.509 
 44,881,343 
 46,518,461 
 
 6i9.«34.758 
 
 Amount 
 
 .11 Ki>k .It (l.-ite 
 
 of 
 
 St.itcmcnt. 
 
 27,256,629* 
 33,818,670 
 40,120,629 
 25,050,427 
 
 i9..?oo,555 
 18,888,750 
 18,293,315 
 35,766,238 
 40,267,995 
 
 27.414.113 
 31,053,261 
 
 34,772,345 
 41,720,296 
 44,097,646 
 46,830,075 
 50,921,537 
 56.287,171 
 56,722,420 
 57,275.186 
 
 Losses Paid. 
 
 $ 
 319.249 
 
 212,460 
 
 263,339 
 227,219 
 
 143.583 
 181,713 
 99,389 
 586,452 
 1 14,034 
 182,305 
 109,516 
 163,661 
 162,699 
 167,127 
 191,998 
 186,923 
 223,860 
 
 304,159 
 228,909 
 228,922 
 
 4.297.517 
 
 TOTAL FOR TilK VKAK.S FROM 1869 TO 1S89 INCLUSIVE. 
 
 
 23.559.996 
 50,079,464 
 6.362,540 
 
 2,442,418,599 
 
 5,272,710,761 
 
 619.134.758 
 
 
 17,012,776 
 35.300,559 
 
 4.297.517 
 
 British Companies 
 
 
 American Companies 
 
 
 
 Grand totals 
 
 80,002,000 
 
 8,334,264,118 
 
 
 56,610,852 
 
 
 
 'These returns are imperfect. 
 
FiuE Insurance in Canada. 
 
 247 
 
 Canadian Comi'ANIEh. — Income for the yearn 1875 to IHH\). 
 
 Dkiaii.s in Kk.I'okt ni-- Sim'K.kini knhkn r oi' Insukanck. 
 
 Year. 
 
 i87S 
 
 1876 
 
 1877 
 
 1878 
 
 1879 
 
 1880 
 
 I88I 
 
 1882 
 
 1883 
 
 1884 
 
 1885 
 
 1886 
 
 18S7 
 
 I8S8 
 
 1S89 
 
 Totals 
 
 Premiums. 
 
 $ 
 
 cts. 
 
 3,273,692 S3 
 4,125,722 37 
 3,512,673 47 
 2,826,356 58 
 2,863,826 01 
 3,208,038 89 
 
 3. '3 '.92s 97 
 3,007,132 65 
 3,005,945 52 
 
 2,990.99s 28 
 3,089,381 09 
 ^,090,851 40- 
 3,346,968 91 
 3,348,045 64 
 3.539.640 73 
 
 48,361,197 04 
 
 loterest aiul 
 Dividends. 
 
 $ 
 
 els. 
 
 190,950 19 
 244,001 25 
 218,770 38 
 
 217,133 43 
 185,247 30 
 
 '79,533 29 
 169,392 14 
 153,878 46 
 132,126 05 
 117,679 52 
 "57,J5« 57 
 i';,394 35 
 114,522 46 
 119,815 97 
 119,929 14 
 
 2,383,525 50 
 
 Siiiulr>'. 
 
 $ 
 
 Cts. 
 
 3.356 10 
 
 7,186 08 
 6,236 04 
 15,750 26 
 10,196 03 
 19,916 66 
 30,702 06 
 27,386 28 
 30,438 85 
 16,286 55 
 16,044 77 
 25.828 55 
 18,398 62 
 
 "6,567 79 
 12,420 02 
 
 Total. 
 
 $ 
 
 cts. 
 
 256,714 66 
 
 3,467,998 82 
 4,376,909 70 
 3.737,679 89 
 3,059,240 27 
 3,059,269 34 
 3,407,488 84 
 3,332,020 17 
 3,188,397 39 
 3,168,510 42 
 3,124,961 35 
 3,212,577 43 
 3,230,074 30 
 3,479,889 99 
 3,484,429 40 
 3,671,989 89 
 
 51,001,437 20 
 
 I 
 
 I 
 
 Expenditure for tlie yeur.s 1,S7.5 to IHHD. 
 
 Year. 
 
 1875 
 
 1876 
 
 •877 
 
 1S78 
 
 1879 
 
 1880 
 
 1881 
 
 1882 
 
 1883 
 
 1884 
 
 1885 
 
 1886 
 
 1887 
 
 1888 
 
 1S89 
 
 Totals, 
 
 Losses I*aid. 
 
 $ 
 
 cts. 
 
 1,694,885 99 
 
 2,746,563 00 
 3,555,283 21 
 1.891,130 71 
 1,966,854 83 
 2.236,943 54 
 
 2.898.045 45 
 2,294,212 90 
 2,291,429 02 
 2,165,708 63 
 1,985,256 67 
 2,128,942 82 
 2,397,382 03 
 2,355.960 53 
 
 2.417.046 62 
 
 35.025,645 95 
 
 I 
 
 (lencral 
 
 
 Exj)cn^c'S 
 
 
 $ 
 
 ts. 
 
 985,926 
 
 28 
 
 1,342,268 
 
 96 
 
 1,234,552 83 1 
 
 1,026,354 
 
 51 
 
 938,436 
 
 79 
 
 889,409 
 
 73 
 
 901,679 
 
 10 
 
 917,526 
 
 03 
 
 ■ 925.970 41 1 
 
 87 '.037 
 
 06 
 
 917,879 
 
 59 
 
 926,299 
 
 50 
 
 1,031,696 
 
 74 
 
 l,oo<;, 167 
 
 74 
 
 1,004,557 
 
 52 
 
 14,982,762 
 
 79 
 
 Divulcnds to 
 
 Shareholders. 
 
 $ 
 
 cts. 
 
 159,608 88 
 
 213.655 04 
 125,928 21 
 146,163 83 
 
 159.253 74 
 164,650 50 
 
 145.137 85 
 110,813 47 
 1 10,480 00 
 102,675 50 
 99,896 73 
 1 14,809 02 
 123,422 74 
 122,198 27 
 126,759 42 
 
 2,025,453 20 
 
 Tci.-d 
 Kxpenditure. 
 
 $ 
 
 cts. 
 
 2,840,421 15 
 
 4,302,487 00 
 
 4,915.764 25 
 3,063,649 05 
 
 3,064,545 36 
 
 3,291,003 77 
 3,944,862 40 
 3,322,552 40 
 
 3,327,879 43 
 3,139,421 19 
 3,003,032 99 
 3,170,051 34 
 3,552,501 51 
 3,487,326 54 
 3,608,363 56 
 
 52,033,861 94 
 
 ; l'',x(:ess of Inotjiiie 
 ovLT K.xpciidituic. 
 
 (/ The Kevtrsc, 
 
 $ 
 
 cts. 
 
 627,577 67 
 74,422 70 
 / 1, 178, 084 36 
 4,408 78 
 
 5,276 02 
 
 116,585 07 
 
 612,842 23 
 
 134,155 01 
 159,369 01 
 
 14,459 84 
 
 209,544 44 
 
 60,022 96 
 
 72,611 52 
 
 2,897 14 
 63,026 33 
 
 (/ 1,032,424 74 
 
 ^^k 
 
I 
 
 248 
 
 LiKii Inhuuance in Canada. 
 
 LIFE INSURANCE IN CANADA. 
 
 Policies ill J'orcf in l.S.S!). 
 
 l'tiii.n<linn C(>m])anies 
 Hrilisli ( Dmp.Tnics . . 
 .\mcrican ('oiiip.inies 
 
 Total. 
 
 'I'otiil in forcL', 
 
 $ 
 
 125,125,692 
 30,488,618 
 76,349.392 
 
 231.963.702 
 
 Increase. 
 
 $ 
 11,091,413 
 
 485,408 
 8,625,298 
 
 20,202,119 
 
 Amounts of Insnnmeos otfi-ctcfl (luviii*,' the rcHjH'ctivo ycarH, I875-1IS(S<). 
 
 Year. 
 
 i«7S 
 
 1876 
 
 1.S77 
 
 1878 
 
 1879 
 
 iSSo 
 
 18S1 
 
 18S2 
 
 18S3 
 
 18S4 
 
 >«'*<5 
 
 18S6 
 
 1887 
 
 18S8 
 
 1SS9 
 
 Totals 
 
 Cmnili.Tn 
 Conip.'\nies. 
 
 $ 
 5,077,601 
 5,405,966 
 5,724,648 
 
 5..SOS.55'' 
 .6,1 12,706 
 
 7.547.876 
 11.158,479 
 11.855,545 
 11,883,317 
 
 12,92(),265 
 14,881,695 
 19,289,694 
 
 2 J. 505 .549 
 24,876,259 
 26,438,358 
 
 192,252,514 
 
 Hrilisli 
 Companies, 
 
 $ 
 1,689.833 
 
 '.(>83..i57 
 2,142,702 
 2,789,201 
 1,877,918 
 2,302,01 1 
 2,536,120 
 2,.S33,25o 
 3,278,008 
 3,167.910 
 3,950,647 
 4,054,279 
 3,067,040 
 3.985,787 
 3.399.313 
 
 42.757,376 
 
 Aniericnn 
 Companies. 
 
 $ 
 
 8,306,824 
 6,740,804 
 
 5.<'67.3i7 
 3.871,998 
 3,363,600 
 4,057,000 
 3,923.412 
 5,423,960 
 6,41 1,635 
 
 7.323.737 
 8,332,646 
 
 1 -.827,375 
 11,435,721 
 12,364.483 
 14,719,266 
 
 "3,769,778 
 
 Totnl. 
 
 $ 
 15,074,258 
 13,890,127 
 '3.534.''67 
 12,169,755 
 11.354.224 
 13,906,887 
 17,618,011 
 20,112,755 
 21,572,960 
 23.417,912 
 27,104,1)88 
 35.171.348 
 38,008,310 
 41,226,529 
 44.556,937 
 
 348,779,668 
 
 Amounts of Insunuicos in force, LS7.5-l(S8i). 
 
 Year. 
 
 1875 
 1876 
 1877 
 1878, 
 1879 
 iSSo, 
 1881. 
 1882, 
 1883, 
 1884, 
 1885. 
 1886, 
 1887. 
 1888. 
 1889. 
 
 Canatlian 
 
 Companies. 
 
 $ 
 
 21,957,296 
 24,649,284 
 2(^,870,224 
 28,656,556 
 
 33,246.543 
 37.838,518 
 40,041,591 
 53,855,051 
 59,213,009 
 66,519,958 
 
 74.591, i3<» 
 
 88,181,859 
 
 101,71/), 754 
 
 1 14,034,279 
 
 125,125,692 
 
 Itrilisli 
 Companies.. 
 
 $ 
 19,455,607 
 18,873,173 
 19,349,204 
 20,078,533 
 19,410,829 
 19,789,863 
 20,983,092 
 22,320,368 
 23,511,712 
 24.317,172 
 25,930,272 
 
 27, ^-^s, 607 
 
 28,163,329 
 
 30,003,210 
 30,488,618 
 
 American 
 Companies. 
 
 $ 
 
 43.596.361 
 
 40,728,461 
 39,468,475 
 36,016,848 
 33,616,330 
 
 33,643.745 
 36,266,249 
 38,857,629 
 
 41,471.554 
 44,616,596 
 
 49.440,735 
 55,908,230 
 
 61.734.187 
 67,724,094 
 76,349.392 
 
 Tolal. 
 
 $ 
 
 85,009,264 
 84,250,918 
 85,687,903 
 
 84.751.937 
 86,273,702 
 <)I,272,126 
 103,290,932 
 I 15,042,048 
 I 24, 106,87 J 
 135.453,7-6 
 149,002,1 46 
 171,315,(96 
 191,61)4,270 
 211,761,583 
 231.963,702 
 
Like Insurance in Canada. 
 
 249 
 
 TlIK Tolnl I'rrmiiim incmiic an<l i);iyincnts to iioliryhnhlcrs 
 111' all ('iiiii|i,\iiies elding; I. iff liisiiianci' in Canada as 
 well as liiisiiicss <li)iic diilsiilL' of (.'anada liy (aiiailinii 
 CDiupaiilcs. 
 
 Year. 
 
 i«79 
 
 1880 
 
 1881 
 
 1S82 
 
 i88j 
 
 1884 
 
 1885 
 
 1886 
 
 1S87 
 
 1888 
 
 1889 
 
 Totals, 
 
 1 he Total Premium income and imymcnls to 
 |)nli(yli(il(|frs of llic Life Insiiranec Com- 
 panics which have (■(•asod In do new Imsi- 
 ncss in Canada, anil llic ratin of |i,iymcnls 
 to pnlicyholilcrs |i»prcniiitnis received. 
 
 IVt'tnitnii 
 liicomt'. 
 
 $ 
 
 2,606,756 
 2,691,128 
 3,094,689 
 
 3,S44,6oj 
 3,861,179 
 4. '95.726 
 4,684,409 
 5,298,596 
 6,105,474 
 6,655,762 
 8,336.167 
 
 51,074,489 
 
 PayiiiL'iit^ 
 
 t(J 
 
 Policy-holders. 
 
 $ 
 
 1,301,480 
 1.389,986 
 1,879,240 
 
 i.94<>,444 
 2,201,152 
 
 2.073.395 
 2,544,101 
 2,851,981 
 3,235,205 
 3.440,729 
 3,942,590 
 
 26,806,303 
 
 K.ilt' 
 
 of 1 
 
 I'ayincnts to |j 
 
 I'dliiy-h 
 
 ililrs 
 
 |icr cent, of 
 
 I'reniiums. 
 
 49 '93 
 
 51 
 
 <'5 
 
 60 
 
 72 
 
 54-9' II 
 
 57 
 
 01 
 
 49 
 
 42 
 
 5431 
 
 53 ■«3 
 
 52 
 
 99 
 
 51 
 
 70 
 
 47 
 
 30 
 
 52 
 
 48 
 
 Iiicuniu. 
 
 $ 
 
 490,688 
 447,910 
 
 44 '.393 
 412,436 
 
 371.570 
 343.170 
 32 1. .566 
 278,108 
 262,445 
 
 237.559 
 216,730 
 
 3.823,584 
 
 I'ayinciU 
 
 to 
 
 I'ollcy-holdtrrK. 
 
 39*^^.053 
 317.531 
 489.370 
 376,811 
 ■ISO.678 
 454,906 
 395,85' 
 342,049 
 423.747 
 
 395.4*''' 
 337.829 
 
 4,380,291 
 
 kale of 
 
 Payment to 
 
 P,,ln:yhol(rni 
 
 per cent, of 
 
 Preniiiiins. 
 
 8071 
 
 70 89 
 
 110-87 
 
 91 36 
 
 121 29 
 I 32 56 
 123' 10 
 
 122 99 
 1 6 1 ■ 46 
 166-47 
 
 114-56 
 
 ;; 
 
 ^ 
 
 I 
 
 (^ENKUAi: EXI'ENDITUHE. 
 
 Year. 
 
 I'reiniuins. 
 
 
 $ 
 
 1879... 
 
 9 '9. 344 
 
 1S80.... 
 
 1,039,342 
 
 1881.,.. 
 
 1,291,027 
 
 1S82.... 
 
 1,562,085 
 
 1883.... 
 
 '.738.973 
 
 1884.... 
 
 1,932,506 
 
 1885 .... 
 
 2,157,338 
 
 1886.... 
 
 2.482,113 
 
 1887.... 
 
 2,922,526 
 
 1SS8.... 
 
 3,260,800 
 
 1889.... 
 
 4.570,918 
 
 Totals 
 
 23,876,972 
 
 liilercst and 
 
 Dther 
 
 Rt'ceipls, 
 
 $ 
 
 280,375 
 
 325,581 
 
 389,819 
 
 387,218 1 
 
 477,346 
 
 499,074 
 
 585,066 1 
 
 672,547 1 
 
 768,480 ! 
 777,266 
 .234, '46 
 
 6,396,918 
 
 Total 
 Income. 
 
 $ 
 
 I,i99.7'9 
 1,364,923 
 1,680,846 
 
 1.949.303 
 2,216,319 
 2,431,580 
 2,742,404 
 3,154,660 
 3,691.006 
 4,038,066 
 5,805,064 
 
 30,273,890 
 
 I'.ud 
 
 10 l'oli.;y. 
 
 holder^. 
 
 $ 
 
 331. "8 
 412,230 
 
 683,595 
 719,656 
 
 777.355 
 671,.h8 
 934.750 
 '.3'6,i75 
 1,405,686 
 1,416,516 
 2,001,150 
 
 10,669,679 
 
 
 
 
 
 
 
 KxplTllSt'S. 
 
 Stockliolders. 
 
 Kxpenditure. 
 
 $ 
 
 $ 
 
 $ 
 
 247.885 
 
 33.351 
 
 612,354 
 
 272,089 
 
 32.311 
 
 7i7.2.?o 
 
 350,973 
 
 76,122 
 
 1,1 I0,6l)0 
 
 396,398 
 
 66,459 
 
 1,182,513 
 
 459,329 
 
 40,856 
 
 '.277.540 
 
 508,573 
 
 48,821 
 
 1,228,842 
 
 527,37« 
 
 36,769 
 
 i,4<)8,890 
 
 65<),938 
 
 109,450 
 
 2,085,563 
 
 736,846 
 
 70,202 
 
 2.212,734 
 
 874,657 
 
 52.651 
 
 2,,M3.824 
 
 1,091,027 
 
 65,411 
 
 3,157.588 
 
 6,125,686 
 
 632,403 
 
 17.427.768 
 
 31 
 
IMAGE EVALUATION 
 TEST TARGET (MT-3) 
 
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 A 
 
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 Photographic 
 
 Sciences 
 Corporation 
 
 '^ 
 
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 «• 
 
 \\ 
 
 23 WEST MAIN STREET 
 
 WEBSTER, NY. 14580 
 
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 "9) 
 
 V 
 
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 .>j$) 
 
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 250 
 
 Loan Companies and Building Societies. 
 
 LOAN COMPANIES AND 
 Comparative Statement of the chief items of Loan Companies and Building 
 
 liabilities. 
 
 Details in Rf.i'ort of Loan Com 
 
 
 
 
 
 — 
 
 
 lA 1/) 
 
 Capital Stock. 
 
 
 
 
 
 
 
 -4 
 
 
 Reserve 
 
 Contingent 
 
 Fund 
 
 and Un- 
 
 Liabilities 
 to 
 
 Oeiwsits. 
 
 
 Year. 
 
 
 
 
 
 o|S 
 
 
 
 
 appropriated 
 
 Stockholders. 
 
 
 
 
 ^ ^ i: 
 
 lea 
 z 
 
 Capilnl 
 .Subscribed. 
 
 Capital 
 Paid up. 
 
 
 Profits. 
 
 
 
 
 
 
 $ Cls. 
 
 $ cts. 
 
 $ cts. 
 
 $ Cts. 
 
 $ Cts. 
 
 $ ct.s. 
 
 
 1867. 
 1868. 
 
 19 
 «7 
 16 
 
 ki 
 
 2,110,403 96 
 2,521,804 06 
 2,891,010 90 
 3,328,869 69 
 4,877,070 43 
 5,211,519 76 
 6,376,231 58 
 8,042,157 70 
 
 
 
 
 577.299 10 
 673,789 09 
 959.050 88 
 
 1,485,014 12 
 
 2.399.135 94 
 2.590.778 03 
 2,869,381 51 
 4,614,812 82 
 
 
 1.^ 
 
 
 
 
 
 1869. 
 
 1870. 
 1871. 
 1872. 
 
 1873- 
 1874- 
 
 C tX) 
 
 
 
 
 
 20 
 
 
 
 
 
 
 21 
 
 
 
 2 V, 
 
 
 
 
 
 
 
 
 
 
 
 23 
 33 
 
 u 
 
 
 
 
 
 16,607,700 00 
 
 1,336,462 45 
 
 160,542 20 
 
 11,074,816 08 
 
 
 1875- 
 
 40 
 
 19,343,100 00 
 
 10,088,998 96 
 
 1.578,909 66 
 
 363.771 »o 
 
 13.919.772 01 
 
 5,020,706 71 
 
 
 1S76. 
 
 41 
 
 19.223,799 00 
 
 11,695,772 50 
 
 2,091,258 38 
 
 155,905 80 
 
 15,640,201 54 
 
 6,126,377 50 
 
 
 1877. 
 
 47 
 
 25,516,909 00 
 
 13,858,634 47 
 
 2,452,715 00 
 
 400,465 53 
 
 18,716,824 26 
 
 7,102,186 35 
 
 
 1878. 
 
 58 
 
 28,654,601 75 
 
 17,287,538 58 
 
 2,803,580 57 
 
 533.684 77 
 
 22,764,582 84 
 
 8,269,295 16 
 
 
 1879. 
 
 62 
 
 29.459.272 5° 
 
 17,474,656 84 
 
 2,917,874 72 
 
 589.767 52 
 
 22,966,738 54 
 
 9,426,148 47 
 
 
 1S80. 
 
 83 
 
 56,035,164 81 
 
 24.495.975 26 
 
 4,617,832 83 
 
 644.754 47 
 
 31,942,406 47 
 
 11.713.633 37 
 
 
 i88i. 
 
 80 
 
 50,000,075 39 
 
 25.445.639 82 
 
 5,128,413 13 
 
 583.421 71 
 
 33.540,087 63 
 
 13,460,268 46 
 
 I 
 
 i382. 
 
 91 
 
 65,646,518 75 
 
 28,498,742 53 
 
 5,983,702 14 
 
 781,648 03 
 
 37.298.936 10 
 
 14,241,782 69 
 
 2 
 
 ;883. 
 
 85 
 
 72,008,683 16 
 
 30,899,446 36 
 
 6.417.479 77 
 
 593,928 50 
 
 39,654,443 72 
 
 13.954.460 66 
 
 3 
 
 rS84. 
 
 84 
 
 71,505,382 40 
 
 30,751,251 30 
 
 6,812,006 59 
 
 617.529 69 
 
 39.999.246 43 
 
 13.876,515 72 
 
 3 
 
 1885. 
 
 81 
 
 67,304.279 59 
 
 31,345,620 66 
 
 7.199.456 95 
 
 570,332 13 
 
 40,772,175 93 
 
 15,435,084 5! 
 
 4 
 
 1886. 
 
 77 
 
 73.748,967 11 
 
 31,874,858 61 
 
 7,738,027 02 
 
 669,064 50 
 
 41,699,072 01 
 
 16,226,581 12 
 
 6 
 
 18S7. 
 
 74 
 
 75.768,750 46 
 
 32,125,009 54 
 
 7.747.676 36 
 
 1,075,529 90 
 
 42,850,622 91 
 
 18,251,422 87 
 
 6 
 
 1S88. 
 
 78 
 
 81,816,292 27 
 
 32,410,358 89 
 
 8,420,735 04 
 
 858,951 95 
 
 43,760,225 58 
 
 17.307.033 54 
 
 7 
 
 1889. 
 
 t 
 
 77 
 
 83.717.873 32 
 
 34.052,455 95 
 
 9.173.955 99 
 
 1 
 
 1.035.449 35 
 
 45,310,846 31 
 
 17.757.376 5' 
 
 8 
 
 NoTF.. — Lial.ililies (if the .Scottish .\iiicriian Investment Company (Liiiiitecl), amounting to $9, 158, 
 519.68 arc not inchuled, they being held in (ireat lirilain. 
 
Loan Companies and Building Societies. 
 
 251 
 
 F Loan Com 
 
 BUILDING SOCIETIES. 
 
 Societies in the Dominion of Canada, each yeai* from 1807 to 18cS9, inclusive. 
 
 LIABILITIES. 
 
 PANiF.s, Finance DF.rARTMENT. 
 
 Debentures 
 
 pay.ibic 
 in C.in.i(l.i. 
 
 Debentures 
 
 payable in 
 
 Oreal hritain 
 
 or elsewhere. 
 
 CtS. 
 
 173,702 94 
 
 I77.3'7 94 
 
 387,603 II 
 
 187,003 33 
 
 244,659 60 
 
 1,240,406 14 
 
 2,968,880 20 
 
 3,827,56643 
 
 3,909,482 55 
 
 4.341.70343 
 
 6,544.535 I5 
 
 6,898,047 98 
 
 7,214,785 8i 
 
 8.155.940 18 
 
 CtS. 
 
 Del)enture 
 
 Stock. 
 
 CtS. 
 
 Owing to 
 Hanks. 
 
 CtS. 
 
 Other 
 Liabilities. 
 
 Liabilities 
 to the public. 
 
 CtS. 
 
 19,992 78 
 772,08405 
 
 2,140,717 88 
 
 3.745,587 17 
 
 5,285,888 54 
 
 6,206,855 82 
 
 22,968,108 74 
 
 21,913,828 60 
 
 23,701,48088 
 
 25.792.904 30 
 28,358,884 57 
 
 30,456,335 29 
 32,361,30757 
 32,062,266 40 
 36,582,670 14 
 40,388,281 63 
 
 1,242,899 84 
 1.325,17385 
 
 311,75366 
 107,163 16 
 '53,512 71 
 342,327 56 
 404,083 17 
 67,637 69 
 313,04840 
 576,14237 
 507,842 92 
 124,282 63 
 165,198 21 
 
 367,155 16 
 198,255 71 
 188,812 25 
 
 «3S,54i 25 
 321,392 12 
 
 CtS. 
 
 60,679 71 
 82,302 04 
 
 59,912 99 
 
 171,56241 
 
 222,089 49 
 
 169,818 83 
 
 991,707 71 
 
 869,029 74 
 
 1,006,721 82 
 
 710,98235 
 
 1,026,412 44 
 
 1,094,286 86 
 
 651,54851 
 
 604,15547 
 
 1,004,447 73 
 
 1,032,06393 
 
 5.154,591 89 
 
 6,131,90509 
 
 8,856,805 85 
 
 11,736,4308 
 
 14,844,569 16 
 
 •6,357,677 13 
 36,575,062 04 
 38,424,929 41 
 
 42,784.574 40 
 44,862,773 76 
 47,820,191 27 
 52,167,15879 
 56,676,14598 
 58,734,19630 
 64,118,75082 
 69,685,662 78 
 
 Total 
 Liabilities. 
 
 $ CtS. 
 
 3.233,985 37 
 
 3,608,327 20 
 
 4,388,743 98 
 5,517,966 15 
 
 8,392,957 88 
 9,225,437 94 
 10,954,482 16 
 16,229,407 97 
 20,051,677 10 
 24,497,007 39 
 
 30,453,25s "/ 
 
 37.609,15200 
 
 39,324,415 67 
 
 68,517,468 51 
 
 71,965,01704 
 
 80,083,510 50 
 
 84,517,21748 
 
 87,819.437 70 
 
 92,939.334 72 
 
 98,375,217 99 
 
 101,584,819 21 
 
 107,878,976 40 
 
 "4.996.50909 
 
 Year. 
 
 1867 
 1868 
 1869 
 1870 
 1871 
 1872 
 
 1873 
 1874 
 1875 
 1876 
 10/7 
 1878 
 1879 
 1880 
 18S1 
 1882 
 1883 
 1884 
 1885 
 1886 
 1887 
 1888 
 1889 
 
 ing to $9,158,- 
 
!|l^^ 
 
 252 
 
 Loan Companies and Building Societies. 
 
 Comparative Statement of tlie Chief Items of Loan Companies and Building 
 
 Details in Keport ok Loan 
 ASSETS. 
 
 Year, 
 
 1867. 
 1868. 
 
 r869. 
 1870. 
 1871. 
 1872. 
 1873- 
 1874 
 1875. 
 1876. 
 1877 
 1878. 
 1879. 
 1880. 
 1881. 
 1882. 
 1883. 
 1884. 
 1885. 
 1886. 
 1887. 
 1888. 
 1889. 
 
 A » 
 
 Ait 
 
 19 
 
 '7 
 
 16 
 
 20 
 
 21 
 
 22 
 23 
 
 33 
 
 40 
 41 
 
 47 
 58 
 62 
 
 83 
 80 
 
 91 
 
 85 
 84 
 81 
 77 
 74 
 78 
 77 
 
 Current 
 
 Loans 
 
 secured 
 
 on 
 
 Kcal ICstate. 
 
 $ Cts. 
 
 2,831,073 86 
 3,067,680 39 
 
 3,846,923 95 
 
 5,138,611 21 
 
 7.559.723 30 
 8,509,416 84 
 9,838,282 36 
 15,041,858 04 
 18,360,715 04 
 22,827,324 74 
 28,282,712 26 
 
 33.998,174 56 
 34,781,493 76 
 56,612,200 46 
 61,948,053 41 
 68,025,897 21 
 69,922,344 18 
 74,115,136 05 
 78,775,243 56 
 
 84.573.384 65 
 86,901,363 89 
 93,468,943 03 
 
 98,726,041 i8 
 
 Current 
 
 l.oan^ 
 secureLi 
 
 on 
 I)t>niinion 
 
 and 
 Provincial 
 .Securities. 
 
 $ els. 
 
 Loans 
 
 secured 
 
 on 
 
 Muniirijial 
 
 Securities. 
 
 Cts. 
 
 191 66 
 191 66 
 
 28,13426 
 27.983 04 
 
 106.608 10 
 SS.381 27 
 60,361 07 
 61,02043 
 
 207,698 67 
 106,436 77 
 
 139.734 55 
 116,87857 
 141,969 27 
 
 184.609 07 
 
 239.639 54 
 202,402 64 
 142,474 72 
 204,13275 
 
 Loan Com- 
 panies' 
 Debentures. 
 
 Cts. 
 
 Loans 
 
 to 
 Shareliolders 
 
 oil 
 tlieir Stoc!<. 
 
 cts. 
 
 42,141 32 
 17,202 42 
 
 311.34676 
 438,816 04 
 233.25997 
 405.435 J 2 
 496,729 98 
 587,277 98 
 768,976 12 
 1,004,83905 
 
 1,797,387 85 
 1,459,261 05 
 1,414,018 18 
 1,260,704 10 
 1,005,358 16 
 1,131,24768 
 966,898 79 
 813,964 34 
 
 Total Loans. 
 
 cts. 
 
 15,469,823 12 
 18,890,809 59 
 23,258,680 30 
 28,993.842 63 
 34,703,748 23 
 35.675.687 52 
 58,493.037 08 
 64,498,542 38 
 
 72,021,310 68 
 74,126,165 71 
 77.267,357 69 
 82,084,049 23 
 88,094,260 14 
 90,611,278 32 
 96,878,812 17 
 102,091,907 50 
 
 I'roperty 
 
 owned, 
 
 Dominion 
 
 and 
 
 IVovincial 
 
 Securities, 
 
 present Cash 
 
 value. 
 
 $ Cts. 
 
 367,257 99 
 316,838 47 
 298,387 50 
 
 473.387 50 
 310,185 10 
 
 512,373 54 
 534.924 32 
 430,52246 
 462,449 74 
 446,562 22 
 
1 Buildiuf^f 
 ^T OK Loan 
 
 Property 
 
 owdcd, 
 
 Dominion 
 
 and 
 
 Provincial 
 
 Securities, 
 
 present Cash 
 
 value. 
 
 cls. 
 
 367.257 99 
 316,838 47 
 298,387 50 
 473*387 50 
 
 69 
 
 310,185 10 
 
 23 
 
 512,373 54 
 
 14 
 
 534.924 32 
 
 32 
 
 430,52246 
 
 17 
 
 462,449 74 
 
 50 
 
 446,562 22 
 
 Loan Companies and Buh^dino Societies. 
 
 258 
 
 Societies in tlie Dominion of Canada, eacli Year tVoni 1867 to 1889, inclusive. 
 Companies, Finance Department. 
 
 ASSETS. 
 
 Property 
 
 owned, 
 
 Municipal 
 
 Securities, 
 
 I.reseut Cash 
 
 Value. 
 
 Properly 
 owned. 
 Loan Com- 
 panies' 
 Ilebentures, 
 
 $ CtS. 
 21,192 22 
 
 64,420 72 
 
 30.510 79 
 
 29.725 00 
 
 124,042 53 
 
 100,573 75 
 
 81,977 8i 
 
 116,187 00 
 
 131.543 84 
 82,526 14 
 34,003 68 
 50,222 70 
 
 143.465 97 
 1,256,115 56 
 1,643,435 82 
 1,430,411 37 
 1,588,042 47 
 1,716,171 71 
 1,526,381 01 
 2,010,091 21 
 2,102,179 84 
 2,065,295 08 
 1,807,808 46 
 
 $ CtS. 
 
 Ill 
 
 Cash 
 )ii hand 
 and 
 liaiiks. 
 
 Kkal Estate. 
 
 Properly 
 owned, con- 
 sisting of 
 Real listate. 
 
 Loans 
 secured on 
 
 Real 
 
 Estate held 
 
 for sale. 
 
 Total 
 Property 
 owned. 
 
 104,396 75 
 129.348 75 
 
 $ CtS- 
 
 180,703 46 
 237.984 70 
 228,061 00 
 184,763 82 
 353,632 50 
 134,412 99 
 
 193,277 13 
 
 344,753 60 
 
 645,605 88 
 
 648,933 36 
 
 538.738 28 
 
 831.780 49 
 
 1,748,211 73 
 
 4.526,077 53 
 
 2,380,977 06 
 
 2,055,372 43 
 
 2,465.987 72 
 
 2,608,224 04 
 
 2,561,277 09 
 
 2,358,906 42 
 
 2,595.437 13 
 2,616,886 30 
 
 2,308,990 03 
 
 cts. 
 
 8,694 99 
 
 cts. 
 
 cts. 
 
 Total Assets. 
 
 81,000 77 
 
 82,093 03 
 
 332,362 86 
 
 124,260 58 
 
 162,267 83 
 
 338.011 51 
 
 723.505 80 
 
 1,081,451 II 
 
 1,685,881 23 
 
 4.352.439 63 
 
 3.636,295 93 
 4,722,328 65 
 
 4.565.923 36 
 4,424,198 88 
 4,331,146 12 
 3,919,125 19 
 4,440,040 73 
 
 Ye.tr. 
 
 2,373,847 60 
 4.357.865 15 
 
 759,634 85 
 1,160,470 68 
 1,238,326 89 
 1,486,828 59 
 2,190,160 76 
 
 3.708,531 95 
 
 11,495.598 i8 
 
 9,408,095 72 
 
 9,642,390 80 
 
 10,469,084 73 
 
 10,339.323 09 
 
 10,094,126 02 
 
 9,922,732 05 
 
 10,618,031 92 
 
 12,551,346 10 
 
 14,284,911 08 
 
 $ cts, 
 
 3,233,985 37 
 3,608,327 20 
 
 4,338,743 98 
 
 5,517,966 IS 
 
 8,392,463 73 
 
 9,225,427 94 
 
 10,954,482 16 
 
 16,229,407 97 
 
 20,051,280 27 
 
 24,497,007 39 
 
 30,480,671 22 
 
 36,893,908 99 
 
 39,384,219 47 
 
 69,988,635 26 
 
 73,906,638 10 
 
 81,663,701 48 
 
 84.595.250 44 
 87,606,680 78 
 92,178,175 25 
 98,016,992 19 
 101,229,310 24 
 
 1867 
 1868 
 1869 
 1870 
 1871 
 1872 
 
 1873 
 1874 
 1875 
 1876 
 1877 
 1878 
 
 1879 
 1880 
 1 88 1 
 1882 
 1883 
 1884 
 1S85 
 1886 
 1887 
 
 109,430,158 27 ;888 
 
 116,376,818 58 
 
 1889 
 
 •'>w|h,j 
 
254 
 
 Loan Companies and Bi'ildino Societies. 
 
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 rn ro f n pr n r^ ro rn rn •*■ 
 
 ■>0^ — C5oo^ vn'Ta\ 
 
 " o pr "-T o rC f r t-^ ^c*o 
 
 \ ri o^ u-i rn r^i Q\ ^i in r-H 
 '^ vn ro'O t>. f'^'O O^ 0\ 
 
 •^00 CO tn^ »-< PI M- vO ^ ON 
 »'^ ON r>. O '-' ON N tn^ N r*^ 
 
 r^ in n rrjco <-" r^ a\ pi — n 
 T^h>.^^^-• u-iooo^ooc >nO 
 ino O C^fOrti-i in-i\o -"O 
 crio'^'^ inrf^i— >-• -nO 
 fOO O PICO ■^»nr>.vO MVO 
 fO n ■^ On PI C^ Tl- ro inCO vO 
 
 \0 00 "-T q' in o~ 
 
 _ -1 O ("OO f^ 
 
 t^ r^co ;yD 00 ON 
 
 vo inm-+rs.^pi o^OvO t^ 
 •1 n o O t^ f^oo "-.00 Q^ O 
 
 PI '■'") -fVJ t^ f-o '■'"iic f-*^ Os r«^ o 1-^ O i'^ PI 
 Tj- in ■+ -rf in m in c5 rn o to r-^:o i-^. -* ■^ 
 
 ►-• f n ON Tt" 0^ 00 ^ PI PI ** 1-" vnX) On ON '■'^ 
 
 ^ "i- 'fod vO Tt C\ •^ pr f^^o •t'O O '■n o> 
 "-> u-i:>o PI PI in"-" PI inr>.TtON»nr--r-»'sO 
 00 PJ f^vD PIPIOn-0^0n«0^ u-ivO O 
 
 fn'O c^pfo Tfinrn—pnrTrnpr'O t^'O 
 
 MHMMMP4P)PJp|P4nP4P4PinrO 
 
 O ^ -t ON Q "^ 
 ON t^ ONO O PI 
 
 TfvO ■^ "nvO f^ PI O PI 
 
 — r->.PI — a^^^C^'^^- 
 
 O ^^ u-ico ooco r~>.'-' -i-inr>.m tn^o ^/^ ^ 
 Tfin-i-OvO Tj-inONO f'', r-^i-, » ^ t^ t~^ 
 1^ in t^ rn\0 roinO i^O — ■-' C^^>0 p* 
 
 ro ro 1^ p sl^ fO :f ON Kod oo &■ 
 
 rn Tt\0 r^ *^00 N- O On c 
 mT J" 4 f^l -' , 
 
 in 
 
 t^oo oo c - -^ 
 p* O ^ Pt in 
 
 P* ro rn rn PJ^ 
 
 M O 
 
 PI O PI 
 
 OO 1^ - 
 
 in\0 O 
 
 f^ ON^O 
 
 8a; 
 
 >n On 
 
 '■no:, 
 
 
 00 ^o 
 
 O fO 
 
 « CN 
 
 O CO 
 
 vn PI 
 
 cf^oo 
 
 in\c 
 ON m 
 O Pt 
 
 md d 
 
 CO ""O 
 
 ON O 
 
 •^ ON < 
 
 lO -^c 
 
 — CO \i 
 
 ^-. H ' 
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 in PI I 
 
 ^ c>vO O 
 1 p* PI •^ 
 
 ) PI O f 
 ) CO PI fO 
 
 ^ — -f 0^ 
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 > •- ON r^ 
 
 ^\0 00 
 
 ON — PI c* *^ ■^t' in • 
 O O I'"! in-o ON PI • 
 
 ' ►- CO iO O CO »-^ O 
 
 'CO 1^ ■^ in o 00 fo 
 
 ON 'O 
 
 in ON m 'o 
 
 ■1-0 Or^^ PI O Ot^r^>npi On 
 ■n »n i->. -- in>o On pi O pi "^ f^t pi 
 
 - - - ■ TfO t-- 
 
 i-s ON in ^ 
 
 rn ONCO 0^ t^ C\ CnC/T in O On C^ 4 rC rf 
 Tf \0 ''O t^ t>.GO ■-, r>. ro •« t-^OC CO — CO 
 
 rn tj-\o 00 0^ pi 'O '"O^o in rn m in i^ c5 
 pr in p? pT pT pi" pT pr pr rn 
 
 O^ »>.vO O '- PI po '■'^ O ^ t^oo N rn 
 M-rtMMMncipn^Tj-Tf in-o oo ""o 
 
 t^OO C\ O <-■ M '•'1 ■^ u-iMD r>.00 O^ O ^ PI 'O -*■ vnvO bN.CO 0^ 
 
 \CvOO r-^r-«i^r^r^r^r-«r-*t^t^cococoiOOOcccOOOooco 
 
 OOCOX;/)3000>3COOOOOCOOOGOCOOOCOC00030000000CO 
 
 n 
 
 I 
 
tll^ 
 
 250 
 
 TUADE AND NaVIOATION ReTUHNS. 
 
 DEPAH'IWIKN'I' OF CUSTOMS. 
 
 Viiluo i)t' total Exixji'ts, liiipiM'ts uiid (Joods oiitL-reil for CoiiHUiiiptiDU in tlic 
 
 Dominion, with the «hity coilocte<l thereon, for twenty-two years : — 
 
 Details in Repoki Tkadi- anh Navihaiion. 
 
 / 
 
 
 
 Total 
 Expoifi. 
 
 Tnlal 
 
 linports. 
 
 ICiilereil 
 
 for 
 
 Cunsutnptiun. 
 
 Duty. 
 
 
 
 
 $ 
 
 $ 
 
 $ 
 
 $ cts. 
 
 Fiscal Year en 
 
 liiiK 3olh June 
 
 lS68.... 
 
 57,567,888 
 
 73.459.644 
 
 71,985,306 
 
 8,819,431 63 
 
 <lo 
 
 a.. 
 
 1869 
 
 60,474,781 
 
 70,415.165 
 
 67,402,170 
 
 8,298,909 71 
 
 do 
 
 do 
 
 1870.... 
 
 73.573.490 
 
 74.814,339 
 
 71,237,603 
 
 9,462,940 44 
 
 do 
 
 do 
 
 1S71.... 
 
 74.173.618 
 
 96,092,971 
 
 86,947,482 
 
 11.843.655 75 
 
 do 
 
 do 
 
 1872... 
 
 82,639,663 
 
 111,430,527 
 
 107,709,116 
 
 13.045,493 50 
 
 do 
 
 do 
 
 1873 ■••• 
 
 89,789,922 
 
 128,011,281 
 
 127,514,594 
 
 13.017,730 17 
 
 do 
 
 do 
 
 1874.... 
 
 89.351.928 
 
 128,213,582 
 
 127,404,169 
 
 14,421,882 67 
 
 do 
 
 do 
 
 1875.... 
 
 77.886,979 
 
 123,070,283 
 
 119,618,657 
 
 15,361,382 12 
 
 do 
 
 do 
 
 1876.... 
 
 80,966,435 
 
 93.210,346 
 
 94,733.218 
 
 12,833,114 48 
 
 do 
 
 do 
 
 1S77.... 
 
 75.S7S.393 
 
 99,327,962 
 
 96,300,483 
 
 12,548,451 09 
 
 do 
 
 do 
 
 1878.... 
 
 79.323.667 
 
 93.081,787 
 
 91.199,577 
 
 12,795,693 17 
 
 do 
 
 do 
 
 1879.... 
 
 71.491.255 
 
 81,964,427 
 
 80,341,608 
 
 12,939.540 66 
 
 do 
 
 do 
 
 1880,... 
 
 87,911,458 
 
 86,489,747 
 
 71,872,349 
 
 14,138,849 22 
 
 do 
 
 do 
 
 1881.... 
 
 98,290,823 
 
 105,330.840 
 
 91,61 1,604 
 
 18,500,785 97 
 
 do 
 
 do 
 
 18S2.... 
 
 102,137,203 
 
 119,419,500 
 
 112,648,927 
 
 21,708,837 43 
 
 do 
 
 do 
 
 1883.... 
 
 98,085,804 
 
 132,254,022 
 
 123,137,019 
 
 23,172,308 97 
 
 do 
 
 do 
 
 1S84.... 
 
 91,406,496 
 
 116,397,043 
 
 108,180,644 
 
 20,164,963 37 
 
 do 
 
 do 
 
 1885,... 
 
 89.238,361 
 
 108,941,486 
 
 102,710,019 
 
 19,133.558 99 
 
 do 
 
 do 
 
 1886.... 
 
 85.251.314 
 
 104,424,561 
 
 99,602,694 
 
 19,448,123 70 
 
 do 
 
 do 
 
 1887.... 
 
 89,515,811 
 
 112,892,236 
 
 105,639,428 
 
 22,469,705 83 
 
 do 
 
 do 
 
 1S88.,.. 
 
 90,203,000 
 
 110,894,630 
 
 102,847,100 
 
 22,209,641 53 
 
 do 
 
 do 
 or twenty-two 
 
 1S89.... 
 years .... 
 
 89,189,167 
 1.834,344.456 
 
 115,224,931 
 
 109,673,447 
 
 23,784,523 23 
 
 Agfiregatc 
 
 2,285,361,310 
 
 2,170,227,214 
 
 350.119,523 63 
 
w 
 
 TllAJ)K AND NaVIOATION RkITRNS, 
 
 25V 
 
 Afjffrcf^mtc Tmdi! of tin; Dominion liy CountrioH, on tlic Imsis of floods Kiitcrnl 
 
 for (JonHuniption mid K\])ort('d. 
 Dki'Aii.s in ki'i'mtr Tkaiu; and NA\Mi;ArioN. 
 
 Kisral 
 \i.ar 
 
 eiulcil 
 3„lli 
 
 June. 
 
 '«73 
 1874 
 187s 
 1876, 
 
 1877, 
 1878, 
 
 1879. 
 1880. 
 1881. 
 1882, 
 1S83, 
 1S84, 
 18S5, 
 1SS6. 
 1887. 
 1888. 
 1889. 
 
 (jrent I'rilain. 
 
 $ 
 
 107,266,624 
 
 108,083,642 
 
 100,379.969 
 
 81,457,737 
 
 Si,i39,7'j8 
 83,372,719 
 67,288,848 
 80,307,286 
 97,.?35,378 
 95.871,802 
 99,197,682 
 
 87,i54.-:42 
 83,284,482 
 82,143,828 
 89,534,079 
 79,383,705 
 80,422,515 
 
 Unil.jd Slali;>. 
 
 $ 
 
 89,808,204 
 90,524,060 
 80,717,803 
 78,003,492 
 77,087,914 
 
 73,876,437 
 70,904,720 
 62,696,857 
 
 73,570,337 
 96,229,763 
 97,701,056 
 
 89,333, 3<'(J 
 86,903,935 
 81,436,808 
 82,767,265 
 91.053,913 
 94,059,844 
 
 Franco. 
 
 $ 
 
 2,055,10s 
 2,569,712 
 2,154,005 
 2,394,812 
 1,730,062 
 
 1,754,394 
 2,247,066 
 1,928,670 
 2,294,043 
 2,922,931 
 2,934,210 
 2,160,804 
 2,239,890 
 2,509,581 
 2,415,001 
 
 2,'')42,557 
 2,562,893 
 
 (icriiiaiiy. 
 
 $ 
 
 1.176,478 
 1,022,428 
 839,442 
 60S.355 
 404,918 
 521,580 
 552,999 
 
 532, "■■•8 
 1,019,198 
 1,633,118 
 1,942,851 
 -•,171,346 
 2.385.344 
 2,408,821 
 
 3,672,985 
 3,563, '0<J 
 3,836,173 
 
 .S|>.illl. 
 
 $ 
 
 502,966 
 
 459,027 
 .590,784 
 
 445," 5" 
 .>4o.757 
 325,245 
 3y4,4 \S 
 297,2(5 
 446,337 
 5 70, .501 
 
 749,8<i7 
 648,569 
 481.910 
 432,540 
 481,289 
 427,249 
 420,794 
 
 I'l.tti'", .1. 
 
 266,188 
 
 294,007 
 
 .•36,790 
 
 199,195 
 
 175.425 
 
 145,941 
 
 161,258 
 
 201,652 
 
 165,487 
 
 201,650 
 
 243,192 
 
 240,235 
 
 227,096 
 
 .301,92; I 
 
 204,671 
 
 230,397 i 
 
 238,106 i 
 
 Italy. I Holla,!. 1. 
 
 $ I 
 
 229,657 I 
 230,296 I 
 214,366 j 
 183,199 
 
 242, ')42 , 
 
 205,171 : 
 181,933 ! 
 
 62 1,295 
 
 234,723 
 
 256,841 
 
 322,554 
 
 322,499 ! 
 -'55,712 , 
 2i5,2.;8| 
 245,570' 
 235.816 [ 
 186,186 
 
 229,770 
 
 271.043 
 260,503 
 
 297,895 
 296,860 
 260,764 
 210,288 
 
 273,837 
 440,944 
 613,241 
 324,800 
 
 333,977 
 361,879 
 
 309.559 
 309,920 
 
 332, ■''■9 
 414,302 
 
 Fiscal 
 
 
 Year 
 
 
 eiiclt.cl 
 
 liclniuill. 
 
 June. 
 
 
 
 $ 
 
 1873 
 
 364,456 
 
 1874 
 
 534,153 
 
 1875 
 
 337,674 
 
 1876 
 
 374,880 
 
 1S77.... 
 
 318,724 
 
 1878 
 
 305,692 
 
 1S79 
 
 219,461 
 
 1880 
 
 837,897 
 
 1881 
 
 671,267 
 
 1882 
 
 645,568 
 
 1883 
 
 611,112 
 
 1884 
 
 746,528 
 
 1885 
 
 551,645 
 
 1886 
 
 517,472 
 
 1887 
 
 927,580 
 
 1888 
 
 505,800 
 
 1889 
 
 595,49t' 
 
 founilland. 
 
 4,609.552 
 
 2.657.547 
 2,806,055 
 
 2,675,.477 
 2.753.748 
 2.767,,i47 
 2,280,823 
 2,092,261 
 
 2,175.773 
 2,468,432 
 
 2,953,273 
 2,701,120 
 2,022,073 
 2.139.301 
 2,072,9.0 
 1,945,426 
 1,791,496 
 
 West 
 lllditjs. 
 
 $ 
 
 6,163,425 
 6,085,529 
 6,139.910 
 
 5,291,433 
 5,031,007 
 
 4,397,996 
 4,753.099 
 6,489.257 
 6,962,516 
 7,018,956 
 
 7,491,291 
 6,726,486 
 5,698,057 
 5,266,042 
 
 4.oi7,5'>3 
 5,870,149 
 6,138,109 
 
 .Somli 
 America. 
 
 $ 
 
 1.701,633 
 
 l,6.S6,5o8 
 
 1.064,593 
 
 075,702 
 
 050,596 
 
 669,. S04 
 
 745.830 
 
 1,073,421 
 
 1,369.731 
 2.314,779 
 
 2,951,()28 
 
 2,756,371 
 
 2,802,042 
 
 2,1 1 1,029 
 
 2,625.066 
 2, 587,240 
 2. .813,587 
 
 t'liina .■md 
 Japan 
 
 $ 
 
 1,709,856 
 
 1,265,728 
 
 694,472 
 
 971.314 
 
 455,755 
 48(>,244 
 
 505,513 
 
 931,457 
 
 1.430,734 
 
 1,635,717 
 
 1,750,642 
 
 1.970.541 
 2, 5 -8., 569 
 2,495,703 
 2,819,584 
 2,261,155 
 2,048,712 
 
 Swiizur- 
 land. 
 
 I 
 
 120,514 
 1.5" 674 
 1 16,128 
 
 56,168 
 69,066 
 61,178 
 01.781 
 94,225 
 
 141,789 
 268,093 
 336,040 
 242,380 
 217,666 
 203,085 
 210,777 
 194,938 
 166,905 
 
 t filler 
 Countries. 
 
 $ 
 
 1,099,998 
 
 927,713 
 1,153,082 
 
 1.76^483 
 1.471,7.54 
 1,366,532 
 1,201,709 
 
 1.314,429 
 
 1,644,170 
 
 2.1.54,932 
 
 i,ro",s9s 
 2,078,676 
 
 1,989,280 
 
 2,363,014 
 2,811,013 
 2,oi6,.|So 
 3,167,496 
 
 lotal. 
 
 ■ $ 
 
 217,304,516 
 210,750,097 
 197,505.636 
 
 17.5,699,653 
 172,175,876 
 
 170,523,251 
 
 i5',832.K<,j 
 159,6(^3,807 
 189,902,427 
 214,786,130 
 
 199,587,140 
 191,948,380 
 184,854,008 
 
 195,155,239 
 
 193,050,100 
 11)8,862,614 
 
 i 
 
 1 
 
 \ i 
 
 The value of foreign floods cxprnU'tl from the Dmniiii ,11 ilmiiij.; lln' yeiii.s incvioii.s to 1875 ii,.t 
 being specifietl by coiinliics in llie puljlished slateiiiciUs, the aggregate tiaili with each country for those 
 years cannot, in consei|uence, be accurately ascertained. • 
 
 32 
 
268 
 
 Tkade and Navkjation Returns. 
 
 Aygru^'iitc trmle from \HV)H to \HH[), iiichiHivo, on tho Imihih of 
 " Total Exports uml luiportH." 
 
 Details in Report Tkadr and Navioation. 
 
 Y««r. 
 
 1868 
 
 1869 
 
 1870 
 
 1871 
 
 187.' 
 
 «873 
 
 1874 
 
 187s 
 
 1876 
 
 •877 
 
 1878 
 
 «879 
 
 1880 
 
 1881 
 
 1882 
 
 1883 
 
 1884 
 
 1885 
 
 1886 
 
 1887 
 
 1888 
 
 1889 
 
 Total 
 
 
 
 (Irand Total 
 
 Total Expurt^. 
 
 Total Imports. 
 
 Ini^iortH 
 and Kx|Mrt> 
 
 $ 
 
 $ 
 
 $ 
 
 57,567.888 
 
 73,459,644 
 
 131.027,532 
 
 60,474,781 
 
 70,415,165 
 
 130,889,946 
 
 73.573.4'^ 
 
 74,814,339 
 
 148,387,829 
 
 74.173,61b 
 
 96,092,971 
 
 170,266,589 
 
 82,639,663 
 
 111,430,527 
 
 194,070,190 
 
 89,789,922 
 
 128,011,281 
 
 217,801,203 
 
 80,351,928 
 
 128,213,582 
 
 217,565,510 
 
 77,886,979 
 
 123,070,283 
 
 200,957,262 
 
 80,966,43s 
 
 93,210,34'' 
 
 174,176,781 
 
 75.875.393 
 
 99,327,962 
 
 175,203.355 
 
 79,323,667 
 
 93,081,787 
 
 172,405,454 
 
 71,491,255 
 
 81,964,427 
 
 153,455,682 
 
 87,911,458 
 
 86,489,747 
 
 174,401,205 
 
 98,290,823 
 
 105,330,840 
 
 203,621,663 
 
 102,137,203 
 
 119,419,500 
 
 221,556,703 
 
 98,085,804 
 
 132,254,022 
 
 230,339,826 
 
 91,406,496 
 
 116,397,043 
 
 207,803,539 
 
 89,238,301 
 
 108,941,486 
 
 198,179,847 
 
 85,251, 3>4 
 
 104,424,561 
 
 189,675.875 
 
 89,515,811 
 
 112,892,236 
 
 202,408,047 
 
 90,203,000 
 
 1 10,894,630 
 
 201,097,630 
 
 89,189,167 
 
 115,224,931 
 
 204,414,098 
 
 1,834,344,456 
 
 2,285,361,310 
 
 4-119.705.766 
 
 lixco.'ib of Iin|)orls over Exports since Confederation, $451,016,854, Average per year, $20,500,766, 
 
TriADE AND Navioation Returns. 
 
 259 
 
 Value of Exports by CountrieH. 
 Details in Rf.port Trade and Navioation, 
 
 Fiscal 
 
 
 
 
 
 
 
 1 
 
 
 ended 
 30th 
 
 JUIR'. 
 
 Great Britain. 
 
 United States. 
 
 France. 
 
 Ocrmony. 
 
 Spain. 
 
 Portugal. 
 
 Italy. 
 
 Holland. 
 
 
 $ 
 
 $ 
 
 $ 
 
 $ 
 
 $ 
 
 $ 
 
 $ 
 
 $ 
 
 1873... 
 
 38,743.848 
 
 42,072,526 
 
 631,907 
 
 76,553 
 
 25,080 
 
 191,156 
 
 "77.232 
 
 '3,"42 
 
 1874,.. 
 
 45,003,882 
 
 36,244,311 
 
 267,212 
 
 65,511 
 
 960 
 
 "93,463 
 
 190,211 
 
 14,905 
 
 187^... 
 
 40,032,902 
 
 29.911,983 
 
 212,767 
 
 91,019 
 
 7.300 
 
 170,784 
 
 170,408 
 
 28,724 
 
 1876... 
 
 40,723,477 
 
 3 '.933.459 
 
 553.935 
 
 125,768 
 
 9.4"7 
 
 127,540 
 
 142,787 
 
 30,816 
 
 1877 ••• 
 
 41,567,469 
 
 25.775,245 
 
 319,330 
 
 34.324 
 
 62,659 
 
 129,960 
 
 213,692 
 
 94.303 
 
 1878... 
 
 45,941,539 
 
 25.244,898 
 
 369.39" 
 
 122,254 
 
 47,816 
 
 104,028 
 
 151,861 
 
 53,750 
 
 1879- •• 
 
 36.295.718 
 
 27,165,501 
 
 714.875 
 
 112,090 
 
 50,596 
 
 "35,748 
 
 148,472 
 
 9,7 "3 
 
 1880... 
 
 45,846,062 
 
 33.349.909 
 
 812,829 
 
 82,237 
 
 60,727 
 
 165,885 
 
 "63,787 
 
 102,592 
 
 1881... 
 
 53,751.570 
 
 36,866,225 
 
 662,711 
 
 84,932 
 
 46,653 
 
 108,594 
 
 "45.997 
 
 2"5,754 
 
 1882... 
 
 45,274,461 
 
 47,940,711 
 
 825,573 
 
 •53.114 
 
 108,082 
 
 "49,744 
 
 "63,755 
 218,113 
 
 365,198 
 
 1883... 
 
 47.145,217 
 
 41,668,723 
 
 617,730 
 
 "33.697 
 
 "64,925 
 
 "79,843 
 
 27,599 
 
 1884... 
 
 43,736.227 
 
 38,840,540 
 
 390,955 
 
 "95.575 
 
 144,092 
 
 172,252 
 
 247, "5" 
 
 15.500 
 
 1885... 
 
 41,877.705 
 
 39,752,734 
 
 303,309 
 
 264,075 
 
 "32,695 
 
 166,730 
 
 "47,550 
 
 24,094 
 
 1886... 
 
 41,542,629 
 
 35,678,769 
 
 534,363 
 
 253.298 
 
 53,075 
 
 245.450 
 
 108,601 
 
 7.587 
 
 1887... 
 
 44,57«.846 
 
 37,660,199 
 
 341, 53« 
 
 437.536 
 
 72,020 
 
 146,528 
 
 125,681 
 
 14,859 
 
 1888... 
 
 40,084,984 
 
 42,572,065 
 
 397,773 
 
 "98,543 
 
 52,3"7 
 
 155,821 
 
 55.090 
 
 378 
 
 1889... 
 
 38,105,126 
 
 43,522,404 
 
 334,210 
 
 "43.603 
 
 13,526 
 
 166,021 
 
 60,062 
 
 1,222 
 
 Fiscal 
 
 
 
 
 
 
 
 
 
 Vrar 
 
 ciulud 
 
 3otli 
 
 June, 
 
 Delgium. 
 
 Newfound- 
 land. 
 
 West Indies. 
 
 South 
 America. 
 
 China and 
 Japan. 
 
 Australia. 
 
 Other 
 Countries. 
 
 Total. 
 
 
 $ 
 
 $ 
 
 $ 
 
 $ 
 
 $ 
 
 f^ 
 
 $ 
 
 $ 
 
 1873 ■•• 
 
 "7,754 
 
 2,800,555 
 
 3,988,493 
 
 ",2"S,434 
 
 46,466 
 
 4I,h22 
 
 277,954 
 
 89,789,922 
 
 I874-- 
 
 240,494 
 
 1,569,079 
 
 3,778,796 
 
 1,212,978 
 
 39,222 
 
 98,733 
 
 432,171 
 
 89,351,928 
 
 I875-- 
 
 59,563 
 
 1,901,831 
 
 3,945,506 
 
 785,797 
 
 37,046 
 
 181,938 
 
 349,4"" 
 
 77.886,979 
 
 1876... 
 
 "3,825 
 
 1,900,891 
 
 3,675.320 
 
 688,209 
 
 23,075 
 
 79.643 
 
 938,273 
 
 80,966,435 
 
 1877. •• 
 
 66,912 
 
 2,112,106 
 
 3,788,858 
 
 651,625 
 
 37,149 
 
 185,610 
 
 836,151 
 
 75,875.393 
 
 1878... 
 
 49,998 
 
 2,094,682 
 
 3,4"4,"47 
 
 654,357 
 
 102, ,58 
 
 370,723 
 
 65 ",655 
 
 79,323,667 
 
 1879... 
 
 40,430 
 
 1,641,417 
 
 3,500,670 
 
 741,442 
 
 56,55" 
 
 290,762 
 
 587,270 
 
 7",49",255 
 
 1880... 
 
 688,811 
 
 1,510,300 
 
 3.544. "03 
 
 789,940 
 
 37,546 
 
 "39,90i 
 
 616,829 
 
 87,911,458 
 
 1881... 
 
 258,433 
 
 1,523.469 
 
 3."47.369 
 
 732,1"! 
 
 19,761 
 
 146,363 
 
 580,881 
 
 98,290,823 
 
 1882... 
 
 "42,358 
 
 ",974.923 
 
 2.995.572 
 
 741,16'. 
 
 106,675 
 
 340,608 
 
 655,267 
 
 102,137,203 
 
 1883... 
 
 195,705 
 
 2,187,338 
 
 3. 125.031 
 
 1.489.957 
 
 "05,388 
 
 375,065 
 
 45".473 
 
 98,085,804 
 
 1884... 
 
 287,378 
 
 1,920,450 
 
 3. 119.569 
 
 1,277,383 
 
 60,979 
 
 502,181 
 
 496,264 
 
 91,406,496 
 
 1885... 
 
 72,385 
 
 1,670,968 
 
 2.535.283 
 
 1,461,206 
 
 29,918 
 
 4"S,887 
 
 383,822 
 
 89,238,361 
 
 1886... 
 
 6,565 
 
 1.754.980 
 
 2,121,570 
 
 1,010,034 
 
 63,118 
 
 259,960 
 
 7ii,3"5 
 
 85,251,314 
 
 1887... 
 
 223,729 
 
 1,718,604 
 
 2,075,4" 1 
 
 1,426,660 
 
 69,196 
 
 269,471 
 
 362,540 
 
 89,515,811 
 
 1888... 
 
 "7.057 
 
 1,523,827 
 
 2,601,486 
 
 i,5'o,637 
 
 132,448 
 
 446,019 
 
 454,555 
 
 90,203,000 
 
 1889... 
 
 64,756 
 
 ",303,335 
 
 2,759,455 
 
 1,488,999 
 
 84,174 
 
 661,208 
 
 481,051 
 
 89,189,167 
 
 1' 
 
 !! 
 
•2(j() 
 
 'rilADi: AND Navioa'iion Hetuhns. 
 
 Value of (J()()«1h Ktitcrcd i'dr ('(mHUiiiptioii l»y CountrioH. 
 
 Di'.iAii.s IN Ki.i'dHr Tkadi'. ANi> Navioaiion. 
 
 KiHcnl 
 
 
 
 
 
 
 
 
 
 Vear 
 
 i^iidittg 
 
 Cirene nrltalri. 
 
 Uiiilcil i^t.Mm. 
 
 Frriiu-i;, 
 
 Ciorinany, 
 
 Spain. 
 
 I'ortUKal. 
 
 Italy. 
 
 Hcillaiul. 
 
 >lh Jiiiii:. 
 
 
 
 
 
 
 
 
 
 
 $ 
 
 f 
 
 .$ 
 
 $ 
 
 $ 
 
 .$ 
 
 $ 
 
 $ 
 
 1873.... 
 
 68,52^,776 
 
 47.735.678 
 
 2,023,288 
 
 1,099.925 
 
 477.886 
 
 75.032 
 
 52,425 
 
 216,628 
 
 1874..., 
 
 i 63,o76,,n7 
 
 .S4,2."<3.072 
 
 2,30^,500 
 
 950,917 
 
 458,0(^,7 
 
 io(j,5.H 
 
 46,085 
 
 256,138 
 
 1875.... 
 
 6o,347,<jf)7 
 
 50,805,820 
 
 1,941.298 
 
 748.423 
 
 383.484 
 
 66,fx)6 
 
 43.9.S8 
 
 231.779 
 
 1876.... 
 
 40,734, 2(>0 
 
 46.070,033 
 
 1.840,877 
 
 482,587 
 
 436,034 
 
 71.665 
 
 40,412 
 
 267,079 
 
 IS77.,. 
 
 39,572,239 
 
 51,312,669 
 
 1.410,732 
 
 370,594 
 
 278,098 
 
 45.465 
 
 29.250 
 
 202,557 
 
 1878..., 
 
 37-431,180 
 
 48.03 1.739 
 
 1.385.003 
 
 399.326 
 
 277,429 
 
 41.913 
 
 53.310 
 
 213,014 
 
 1879.... 
 
 30.993.130 
 
 43.7j9.219 
 
 1.532.191 
 
 440,909 
 
 343.849 
 
 25.510 
 
 .33.461 
 
 200,575 
 
 rSSo.... 
 
 34,461, J.34 
 
 29.346.9.18 
 
 1,115,841 
 
 449.791 
 
 236,518 
 
 35.767 
 
 459.. 508 
 
 171.245 
 
 i88r.... 
 
 43.S83>f''jS 
 
 36,704,112 
 
 i.<>3i.332 
 
 934,206 
 
 399.084 
 
 56,893 
 
 88,726 
 
 225,190 
 
 18S2. .. 
 
 50.397,341 
 
 48,280.052 
 
 2,097.358 
 
 1,480,004 
 
 402,219 
 
 51,912 
 
 93,086 
 
 248,043 
 
 1883.... 
 
 52,052,405 
 
 50,032,333 
 
 2.316.480 
 
 1,809,154 
 
 5.84,972 
 
 63.349 
 
 104.441 
 
 297,201 
 
 1884.... 
 
 43.418,015 
 
 50,492,826 
 
 1.769..849 
 
 1.975.771 
 
 504.477 
 
 67,983 
 
 75.348 
 
 31.8,477 
 
 1885.... 
 
 41.406,777 
 
 47,151,201 
 
 1.935.581 
 
 2,121,269 
 
 ,549,215 
 
 60,366 
 
 108,162 
 
 337,785 
 
 1S86 
 
 40,601,199 
 
 44.858.039 
 
 1,975,21s 
 
 2.155.523 
 
 379.465 
 
 5<',477 
 
 100,697 
 
 301,972 
 
 1887.. ■.. 
 
 44,962,233 
 
 45,107,000 
 4.^,481,848 
 
 2,073,470 
 
 3.235.449 
 
 409,209 
 
 58,143 
 
 119,889 
 
 295,o(.i 
 
 8888.... 
 
 39,298,731 
 
 2,244,784 
 
 3.364.563 
 
 374,932 
 
 74.576 
 
 180,726 
 
 331,791 
 
 1889.... 
 
 42.317.389 
 
 5.J, 537,440 
 
 2,228,083 
 
 3.<'92.S7o 
 
 407,208 
 
 72,085 
 
 126,124 
 
 413,080 
 
 Fiscal 
 
 Vear 
 
 onding 
 
 toth 
 
 BelRinin. 
 
 New- 
 r.iundland. 
 
 West Indies. 
 
 South 
 America. 
 
 China 
 
 and 
 
 Japan. 
 
 Switzerland. 
 
 Other 
 
 Countries. 
 
 Total. 
 
 /'iru'. 
 
 
 
 
 
 
 
 
 
 
 $ 
 
 $ 
 
 $ 
 
 $ 
 
 $ 
 
 $ 
 
 $ 
 
 $ 
 
 1873- ■•• 
 
 346,702 
 
 1,808,907 
 
 2,174.932 
 
 416,199 
 
 1,663,390 
 
 120,514 
 
 780,222 
 
 127,514,594 
 
 1874.... 
 
 293.659 
 
 1 ,088,468 
 
 2,307.733 
 
 473.5.50 
 
 1,224,506 
 
 139.674 
 
 396,839 
 
 127,404,169 
 
 1875.... 
 
 278,111 
 
 904,224 
 
 2,194,404 
 
 278.596 
 
 657,426 
 
 116,128 
 
 621,733 
 
 119,618,657 
 
 1876.... 
 
 361,055 
 
 774,5.86 
 
 1,616,113 
 
 287.553 
 
 948,239 
 
 56,168 
 
 746.567 
 
 94.733.218 
 
 1877.... 
 
 2SI,Sl.T 
 
 04i,()42 
 
 1,242,809 
 
 4.971 
 
 418,606 
 
 69,066 
 
 449.973 
 
 96,300,483 
 
 1878.... 
 
 255.694 
 
 672,605 
 
 1,033.849 
 
 15.447 
 
 383.676 
 
 61,178 
 
 344.154 
 
 91.199.577 
 
 1879.... 
 
 179.031 
 
 639,406 
 
 1,252.429 
 
 4.3.S8 
 
 448,962 
 
 94.781 
 
 413.767 
 
 80,341,608 
 
 1880.... 
 
 149,086 
 
 581,901 
 
 2.945.154 
 
 283,481 
 
 893.911 
 
 94,225 
 
 557.689 
 
 71,782,349 
 
 1S81.... 
 
 412,834 
 
 "52,304 
 
 3,815.147 
 
 637,620 
 
 1.410,973 
 
 141,7,89 
 
 916,926 
 
 91,611,604 
 
 1882.... 
 
 503,210 
 
 493,509 
 
 4,023,384 
 
 1.373,617 
 
 1,529,042 
 
 268,093 
 
 1. 1.59.057 
 
 I12,()48,927 
 
 1883.... 
 
 415,407 
 
 765,935 
 
 4,369,260 
 
 1.464.671 
 
 1,645,254 
 
 336,040 
 
 880,057 
 
 123,137,019 
 
 1884.... 
 
 459.1.50 
 
 780,0/0 
 
 3,606,917 
 
 1,478,988 
 
 1.909,562 
 
 242,380 
 
 1,080,231 
 
 108,1.80,644 
 
 1885.... 
 
 479,260 
 
 351. 105 
 
 3,162,774 
 
 i,3'JO,836 
 
 2.493.451 
 
 217,666 
 
 1,189,5)1 
 
 102,710,019 
 
 1886.... 
 
 510,907 
 
 384.321 
 
 3,144.472 
 
 l,Kxi,995 
 
 2.432,585 
 
 203,085 
 
 1,-591,739 
 
 99,602,694 
 
 1887.... 
 
 703,851 
 
 354.342 
 
 1,942,182 
 
 1,198,406 
 
 2,750,388 
 
 219,777 
 
 2,209,902 
 
 105,6^9,428 
 
 188S.... 
 
 488,743 
 
 421,599 
 
 3,268,663 
 
 876,603 
 
 2,128,707 
 
 193.838 
 
 1,117,006 
 
 102,847,100 
 
 1889 ... 
 
 530,740 
 
 488,161 
 
 3,378,654 
 
 1,324,588 
 
 1,964,538 
 
 166,890 
 
 2,025,237 
 
 109.673.447 
 
Trade and Navigation IIetuunh. 
 
 2(il 
 
 Duty CoIIocUm!. 
 
 DrviAii.s IN Kki'oki- Tkauk and Navioation. 
 
 Hullniiil. 
 
 425 
 
 216,628 
 
 oS^ 
 
 256,1.38 
 
 .)5S 
 
 2.W.779 
 
 4IJ 
 
 2'>7."79 
 
 250 
 
 202.557 
 
 .)lo 
 
 21.3,014 
 
 401 
 
 20<J,S75 
 
 508 
 
 '71.245 
 
 726 
 
 225,l()(, 
 
 oSO 
 
 248,043 
 
 .(.(1 
 
 297.2<)r 
 
 MX 
 
 JiS,477 
 
 U)2 
 
 .?.i7.7X5 
 
 i><)7 
 
 Joi,972 
 
 SS9 
 
 29.s,o(ii 
 
 720 
 
 JJ1.791 
 
 124 
 
 413.080 
 
 Total. 
 
 '27.S>4.S94 
 
 127,404,169 
 
 119,618,657 
 
 94,733.218 
 
 96,300,483 
 
 91,199.577 
 80,341,608 
 7i,7«2,349 
 91,611,604 
 112,648,927 
 
 '23.i37.o'9 
 If '8, 180,644 
 102,710,019 
 99,602,694 
 '05.639,428 
 102,847,100 
 '09.673,447 
 
 h 
 
 1S73 
 1S74 
 1 87 5 
 1870 
 1877 
 1878 
 1879 
 1880 
 1881 
 1S82 
 1883 
 18S4 
 1885 
 1886 
 1887 
 
 1 888 
 1889 
 
 (ircnt 
 Ilrilaiii. 
 
 $ 
 
 cts. 
 
 398,460 17 
 867,481 41 
 
 88l,()97 ^1 
 
 "75.759 S2 
 377.590 23 
 445.985 3« 
 5() 1,1)33 02 
 737,997 05 
 772,940 97 
 01 1,81 1 00 
 897,785 16 
 "<", 370 74 
 (.17,24945 
 «" 7. 357 45 
 318,920 08 
 
 972,739 S4 
 450,242 70 
 
 Uiiitwl 
 
 $ 
 
 Cts. 
 
 France. 
 
 $ 
 
 cts. 
 
 2,966,119 34 
 3,6.)5,564 03 
 3,8()(),877 10 
 4,117,223 40 
 4.42(>,394 79 
 4.7'i4.599 ('.V 
 5,529, 15" 64I 
 4.521.3" 08 
 5,(.57,292 75 
 7,082,722 29 
 8,158,02335 
 7.420,461 79 
 6,630,405 83 
 6,790,080 76 
 7,299,591 ''8 
 7,131,006 23 
 7,371,148 16 
 
 627,831 95 
 744,059 10 
 (nh\,(M)Z 47 
 723,308 24 
 480,340 56 
 4rK),(i<xi 04 
 501,747 90 
 427,<)37 S9 
 597, 94« 79 
 742,774 93 
 824,963 17 
 645,152 71 
 
 650,5 '5 29 
 735,6''<> 52 
 699,840 07 
 796,242 70 
 854,805 00 
 
 Ocrm.iny. 
 
 Spain. 
 
 $ els. 
 
 .{34,415 5' 
 272.2.34 68| 
 173,42765 
 134,282 
 75-762 93 
 79,673 10 
 104,211 80 
 103,156 82 
 215,108 04 
 33.8,691 39 
 
 3««.55<' «5 
 5.S4,i8i8S 
 
 572,947 91 
 
 588,108 44 
 
 |,I9<J,2()7 3) 
 
 1,214,748 15 
 
 1,260,638 56 
 
 .« cts. 
 
 102,711 21 
 
 112,918 73 
 113,599 7« 
 157,287 a 
 
 79,515 3« 
 
 87,755 «S 
 
 120,38581 
 
 10<),720 56 
 
 167,4 '2 55 
 2 If), 766 86 
 231,8(1695 
 192,946 -J I 
 1 54,680 24 
 150,268 47 
 '76,449 17 
 • 71,790 3« 
 '«5,969 33 
 
 PoriHgnl. 
 
 $ cts. 
 
 21,245 21 
 27.674 63 
 28,421 97 
 29,302 21 
 20,322 20 
 
 '3,452 55 
 7,970 14 
 
 14,93s 79 
 25,307 99 
 29,105 63 
 
 34,135 5" 
 34,228 80 
 
 29,.545 65 
 30,51074 
 n<ii') «' 
 36,(121 03 
 
 36,895 32 
 
 iLily. 
 
 H.,ll.nn.l. 
 
 $ CIS. 
 
 $ Cts. 
 
 9,320 80 
 
 294,56902 
 
 13,626 76 
 
 361.15347 
 
 8,502 45 
 
 394.01797 
 
 24,629 25 
 
 4.59,887 63 
 
 15,783 10 
 
 316,150 00 
 
 19.052 43 
 
 308.15330 
 
 19,474 5« 
 
 329.634 07 
 
 30,031 I?. 
 
 .301,57050 
 
 40,95(1 25 
 
 372.335 ^3 
 
 31,28398 
 
 420,607 91 
 
 44,34003 
 
 535-741 «I 
 
 32,18680 
 
 493-«o7 39 
 
 33,3«o 25 
 
 521,318 20 
 
 35.607 84 
 
 602,570 19 
 
 31,404 53 
 
 623,894 26 
 
 42,004 78 
 
 704,034 95 
 
 32,456 70 
 
 756,7«S «4 
 
 "O »J 
 
 h 
 
 1873 
 1874 
 1875 
 1876 
 
 1877 
 1878 
 
 1879 
 1880 
 
 i88r 
 1.S82 
 18S3 
 1884 
 1885 
 1886 
 1887 
 1 888 
 1889 
 
 Belgium. 
 
 $ cts. 
 
 94,504 
 5', '71 
 42,489 
 61,407 
 50,106 
 45,144 
 45-107 
 41,886 
 90,250 
 119,492 
 106,234 
 
 '03.9S3 
 121,6(10 
 132,116 
 166,445 
 117,228 
 122,116 
 
 New. 
 rmindland. 
 
 $ els. 
 
 97, '47 
 
 54.929 
 
 12,584 
 
 4,890 
 
 9-735 
 4,921 
 
 3,230 
 3,168 
 
 3,25' 
 1,781 
 
 7-.^65 
 4.'5''l 
 
 2,208 
 
 2,467 
 1,624 
 
 3,2" 
 
 1,087 
 
 West Inilies. 
 
 $ Cts. 
 
 831,930 
 935,653 
 920,463 
 603,819 
 
 435,7 '8 
 341,240 
 
 454,872 
 4811,305,495 
 
 2211,5.84.622 
 
 73 1-015.945 
 1711,770,082 
 
 .?4i'.397-"20 
 
 61 1,327,363 
 
 South 
 America. 
 
 $ 
 
 Cts. 
 
 1,384.327 
 
 968,496 
 
 1,831,368 
 1,727,816 
 
 182,660 
 
 '94,325 
 124,963 
 120,843 
 
 ',834 
 6,874 
 
 2,591 
 
 i6i,f)36 
 280,009 
 
 504,255 
 91) 002,562 
 
 55;088,7O2 
 
 99055,708 
 
 9i;.So3.735 
 12:848,502 
 64 641,854 
 27849,431 
 
 China and 
 Japan. 
 
 $ cts. 
 
 157 
 26,185 
 
 83.4^9 
 
 58 132.042 
 68,261 
 
 ",!.447 
 127,283 
 207,920 
 348,466 
 178,499 
 '57.5'6 
 273.708 
 
 450.153 
 148,098 
 
 Switzer- 
 land. 
 
 $ cts, 
 
 83 222,799 
 
 162,844 
 
 185,782 
 
 15,994 
 21,950 
 20,917 
 10,274 
 
 35|' 2,387 
 24 9,855 
 16.597 
 
 18.7O4 
 
 33,740 
 05,780 
 83.492 
 56,960 
 51,863 
 49,052 
 59.393 
 43.778 
 38,653 
 
 Other 
 Countries. 
 
 $ Cts. 
 
 40,660 23 
 
 42,953 77 
 
 85,557 '4 
 
 178,096 41 
 
 178,53596 
 124,338 17 
 115,34929 
 1.56,01688 
 
 3 ",'33 47 
 352,31825 
 239,042 13 
 265,210 23 
 3o8,6fj8 01 
 478,033 91 
 828,686 99 
 340,166 62 
 845,532 61 
 
 C C . 
 
 < 
 
 $ cts. 
 
 7.952 63 
 
 Total. 
 
 $ 
 
 cts. 
 
 13.01 7.7.?o 17 
 14,421,882 67 
 15,361,382 12 
 12,833,11448 
 12,548,451 09 
 '2,795.693 17 
 12,939,54066 
 14,138,84922 
 
 18,500,785 97 
 21,708,83743 
 23,172,30897 
 20,104,963 37 
 
 19,13 ,558 99 
 19,448,123 70 
 22,469,705 83 
 22, 200,64 1 53 
 23.742,316 56 
 
 II' 
 
 'ij.* 
 
262 
 
 TRAnE AXD Navioation Returns. 
 
 « 
 
 Peiccntago of Duty on Total Value of Gc^ods Imported and Entered for Consump- 
 tion, Dutiable and Free; Amount of Customs Duty paid per licad of 
 Pojiulation, and Percmitage of Expenses of Collection of Customs Revenue 
 in the Dominion of Canada, durinf^ each year from 1868 to 1889, inclusive. 
 
 Details in Rf.i'ort Trade and Navigation. 
 
 ill 
 
 Year. 
 
 868. 
 869. 
 870. 
 871. 
 872. 
 
 873. 
 874. 
 875. 
 876, 
 877. 
 878, 
 879. 
 8S0, 
 881, 
 882, 
 883, 
 884, 
 885, 
 886, 
 887. 
 888. 
 889, 
 
 Pereentage of Duty 
 
 on Tot.'il V.'ilue 
 
 of Goods Imported, 
 
 Dutiable and 
 
 Free. 
 
 p. C. 
 
 200 
 
 1-78 
 265 
 
 2'32 
 I 70 
 017 
 1-25 
 248 
 
 76 
 263 
 
 3 74 
 578 
 634 
 
 56 
 
 752 
 732 
 
 755 
 
 860 
 
 987 
 
 20 03 
 
 20 60 
 
 Percentage of Duty 
 
 on Total Value 
 of Goods Kntered for 
 
 Consumption, 
 Dutiable and Free. 
 
 p. C. 
 
 12 25 
 12 31 
 13-28 
 1362 
 12- II 
 10 20 
 11-32 
 1283 
 1344 
 1303 
 14 03 
 
 l6' 10 
 
 19 70 
 
 20 • 19 
 1927 
 18-82 
 18-64 
 i8-6i 
 19-50 
 21 -24 
 21-57 
 
 21 65 
 
 Amount of 
 
 Customs Duties paid 
 
 per he.-xd 
 
 of Population. 
 
 $ Cts. 
 
 2 62 
 
 2 43 
 
 2 74 
 
 3 39 
 
 3 64 
 
 363 
 
 3 93 
 
 4 19 
 
 3 44 
 
 3 39 
 
 3 46 
 
 3 SO 
 
 3«3 
 
 4 25 
 
 S 02 
 
 5 26 
 
 4 S3 
 
 4 29 
 
 4 49 
 
 •463 
 
 *4 49 
 
 *4 68 
 
 Percentage of 
 Expenses of Collec- 
 tion of 
 Customs Revenue. 
 
 p. c. 
 
 05-99 
 07-09 
 
 oS-41 
 04-21 
 04-04 
 
 04 35 
 04- SS 
 04-44 
 05-61 
 
 05 75 
 05-58 
 05 56 
 05-04 
 03-87 
 03 -.33 
 03-26 
 
 03 96 
 04-14 
 
 04 10 
 03-64 
 03-81 
 03-62 
 
 •Calculated on an Estimated Population for 1887 of 4,856,226. 
 do do 1888 of 4,946,497. 
 
 do do 1889 of 5,075,855. 
 
Thade and Navigation Returns. 
 
 263 
 
 Consump- 
 
 lioiid of 
 
 i ilovonuo 
 
 inclusive. 
 
 p. c. 
 
 o o 
 
 S I 
 
 s. 
 
 
 £1 
 P 
 
 o 0) 
 p 
 
 ■e a. 
 
 
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 H 
 
 f- 
 
 Qi 
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 0. 
 
 Ill 
 
 pi 
 
 < 
 
 H 
 Q 
 
 a: 
 
 < Id 
 HI 
 
 0. 
 
 •JSt:9JD3[I 
 
 ^^sc^J^UI 
 
 lb 
 
 ■osuajoafi 
 
 'aSU3J3Ul 
 
 
 ■ isai 
 
 
 
 1 
 
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 H 
 
 .1 c c = 
 
 
 82 
 
 o o o o 
 
 O ^ 00 *vO 
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 N ." O 
 
 ^ = 
 
 0*8 
 
 --SB 
 
 N ■* 0\ 0\ " 
 ^ CO *o '^^ Q 
 
 ^ 
 
 "100 r^tN. 
 
 irt "-C ro O 
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 ■s 
 
 '<p 
 
 vO ^ IN" u^oo u^ m o 
 
 
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 "ICC "ft u-iO w> ir> C> '- "O M r^ 
 
 r^ rooo rooo rnsO rn cn u^ "-< •-« 
 
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 r^ t-^ t^ tn^O rj- r*^ ^ U-) O^00 00 ^f Os C^ f^ r^\0 0\ ■^ C^ 
 
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 Tf r^vo" cR w" Ch o" rC rC rC ^J'co'" r^ p^ r^ cfs d^oo rCoo oo"\c" 
 
 r-. O CO u-ioo N M 
 
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 't »1 ON * 
 
 r^oo 00 
 
 N O O 
 
 *^ 
 
 ■ 00 »no in'^r^ON'-' "too »n >- inoo 'I- r^QO poo On O 
 
 >.— t1-n cn>0 '"O^'-no mpot^'- O po— in — \0 ONin 
 
 pn O O '■'^co '■nr^t^i^i^'^ — o ONinpoo --lOO ONrnci 
 
 pno rC -t cfi o 30 o pooo 00 r^ -^ -^ -^00 fT -^ rC o n4" cT 
 m mo o O OO i>* 1^ r>.vo O O t>»oo Osoo 00 00 rN.00 oo oo 
 
 Tf »n ON "H r^ ^ N pno m r^ r>. i^ o 
 
 •^■o 'n r-^ (N VD 00 yD -to 00 n -r t 
 
 O — ''n O^ ly^ ^l >ri C) rf. On r^ -t t-^CO 
 
 SM pno — o 
 ri -t 00 o " 
 
 o - 
 
 . '■n pn 
 
 O O 't 'n M o o^ 
 
 <^ 
 
 ON »n '^f ri o 
 
 o t < 
 
 'OO 0»^— tONO ON-t»--- 't'^I "t^ 
 
 — r>. — P* VD O OO PO — in On -1- P I On C> ''1 
 n o M '■n O ON t ppi Tf ri -rt on -^oo oo n 
 
 PO O ^O ' 
 r^. t>. r^ ON • 
 
 I 00 00 rn pn ON 
 
 > N M M O^ ON 
 
 pn«-<o inONNOoo 
 OnCO 00 o — *^ •- O 
 
 o -« « 
 
 CO ON O -^ M en -^ inO r^>0 On O '-' f^l ""O -t li-ivo t^CC On 
 
 ono rs.t^r^r>.rN.h>.r^t^f>, t>,ciQ ooooooooooooc/dooqo 
 
 OOOOOOOOOOOOOOOOOOOOOOOOOOOOOOQOOOOOOOCOOOOO 
 
 ■ I ; 
 
 1 i; 
 
204 
 
 Statistics of Post Office Savings Banks in Canada. 
 
 a 
 o 
 
 a 
 
 B 
 
 V 
 ■u 
 
 r. 
 
 >> 
 J} 
 
 '-I 1—1 
 
 o „ 
 o _ 
 
 ^5 
 
 73 CO 
 
 C ^ 
 
 o „ 
 
 I— H 
 
 « 
 
 H 
 
 u 
 
 M 
 
 Q 
 
 fa. 
 
 O 
 
 a3 
 O 
 
 '111.11 
 
 -sAs J3piQ Anuo|\j 
 oip :<tin,iii|nion 
 
 HI pduit'isns S3SSO'] 
 
 •snonin,'|i-->.') 
 
 -S1J\I plIU itiOllnll 
 
 •suunsO(i oi uoii 
 "I^S ^^} 3-i"l!l>iio».lx;.i 
 
 W 
 
 u-i gv Tf 
 irj a\ t^ 
 
 CO <^ O^O M Tf\0 O N « 1^00 O 
 
 On Ov •*"! 
 u-iro » OO 
 
 u-n5 CO 
 
 M vO JO O On'O >£) l^vO - CO M 
 l-~ rl - Ov fIvO "^ 'too O - "100 
 
 >rj in a^ n 
 
 P4 -. "■ 
 
 ct rn — 
 
 n ■<to 
 
 ■* - fO 
 
 vc ^ os^o 00 y) — — N o 
 
 8*"*^ M O n N N u^ aM 
 
 <^ 
 
 >n O -^ N ^ r^O *•* 'O •& ^ ri y^ M rl- '"'^ On ^ •-' 
 O in t-« cs^ fo M fj ^ ct r>. •- rj Pt t^ ^ o -^ m m 
 
 ON"- rn o f-l rC o>o "-T ^ r^vo' rC pf fo tC r-r^>'S 
 
 CjO m 
 
 UO llJOid 'SJ^tpJQ 
 
 Xnuojyj no i^3'>,'I 
 uiojj anusAd^ ssoaf) 
 
 ■upiMH: ) HI 
 3iqi!.?L*(l saiaiunoj 
 Jamo u; 'pnnssi 
 sjopjQ jo imiouiv 
 
 0. 
 
 JS't 
 
 •cpimL';^ III pans 
 -SI sjnpjQ .<3tioi\i 
 JO mnouiy I'-'ioL 
 
 W 
 
 U1-N r^uipi TJ-mPl u-iu-^O 'tN M O M ("niO OO OO rn — 
 
 M ii-» r^ »o ri On 'O O Ov 1^ r^.00 \o "^ pi »n O p» ^ u-i r^. r*. 
 
 ■^ ro r^ CnCO -h^o^ Q ■^Tj-dr^ro onco r^ 0^ rrj p» r^ tJ- 
 
 " - ■ - - - -- — )^ 00 &0 O NT" *" ' — ■"' '" " 
 
 ON O rj- rfvO O N •^00 00 00 
 
 I X) en rl-00 u^ 1^ "-n O 
 
 On O f^ao 'I- f o ON "I" '^ TJ-vo u^oo O «nir>r^r<^'-' On" in 
 
 M rj- CN^O ^oOONf^'-'ONOO^ r^vo M in i- M M CO »n Tf 
 Onoo 00 o •-• CO ^ O p» On20 nooo ONOvCNT'iaNfOvnTt-r^. 
 
 On p» rn -^ O in 
 
 t^PJ ►-. CN''OOnO CN"X) 
 U1J0 .CnnO P) ^ u-i O fO PI 
 
 " tJ- fi in ro PI i-^'O wi in i^ « T^ 
 b'.OO NO r^ O P* 00 r>. CnnO O On 
 
 «* &8 
 
 •* O 1^ •- ONOO 00 inco N 'i-vo PI in in ^^\c ^D 
 fNO r>.oo m o m o On Q ON "-n-o oo ■^' On cj m 
 . w t- h-i ro ^ rt- in^o 0'-'MPi"-Mri-r>.i^ 
 
 Q 00 moo r^>o >o — "O 
 NO -• CNO (^X) »n "^ O 
 
 00 On onoo Q vO 
 
 N^ m f-n ON O O 
 
 :8^^8 
 
 •-" r->.oo ONOO invo 
 NO NO -I- 0\ r->. O c/3 
 
 
 ri in O m onX) pi rf (-o mo •-• 
 
 vOO»-'''*^'-'ONt^QN'-«PIh>.M . 
 
 r-*r*^\o r^O n '-' ooooo inmw ininr-*.ON 
 
 h>.'0 m Cv m inNO moo 
 - — "OOoor^'J- 
 
 f^ 
 
 y^ 
 
 •pnns 
 JO ja(pnn^ l^'ioj. 
 
 avo o o o « ON ►- CO '^ cj\ >-' NO y. 
 On I-" w rovO t^OO f*~i tnO 00 O Tl I^ 
 
 Aauo^^ ju aatpimj^ 
 
 »n O 00 ti Tj- rf PI r-Hvo Tf ON Pi mo n^ 
 N- in in t-^ f'^ -TO oo m in o t-^t-^co < 
 in in in ino nOnonO i^t>.r>*r>.r>. t^o 
 
 o m o ''O 2 S. 
 
 CJ O CO 
 CO 00 00 
 
 00 On O •-« N m 't ino r^co on O <-' p4 m ^i- »nNO ^*oo On 
 vOno r--.r-*r-.r>.r>.r-»i->..i^i-*t^cococococococOQOooco 
 
 oooooooooooooooo-ooocococooooooooooooooocooo 
 
 ■^ONTfO M rnmmt^N OMnrf 
 "-• CNPi N PJ mro'-HcyD inmo O 
 
 Tj- M- "^ >ioo PINO inr^'+u-ii^por>.pi -", 
 
 _ inH-O CJN-' O PIOPInO '- O QnOn'1-O 
 N PI -rfODONfON ^-OO -"On PI O OOOin 
 
 (^ O O CO '-' O t~^ ONCO '-' CO p* PI *^'^ ino mo m in m ''O 
 C^ i-^ <N r^co r^O t-^ O On >-" O d '^- fO m On roco f-o On t^ 
 m m tt Tj- in\o no m t>.\0 r>. t^co O f^oc o •- O p< fi m 
 
 i-T i-T i-T N pT «i cT pT N 
 
 On Tl On 1^ '"O ON O PI !">. »t- PI O m ON!>0 ^ '- tJ-vO ("O O PI 
 
 m onco ■•D i^no cn "^ ino —coco t^ >^ ror^in-tONci on 
 CN— -^Qinmo "-■ '- "-< 'l-O rnNO O no On N — O mo 
 
 pT ro f^ rf in inO O' ^C^ no'^ o'^ nO O NO tC r^ t-CoO 00 00 00 CO 
 
 -^ ON Onoo "-.QO-t CjNPi-ir^Pi OO inNO oo On ro inoo ON 
 ■-■ Tj-ONmo >nr^ooo3 ^ mf^r^Pi '■nc^'^O 0*tr^ON 
 
 CO '^ 't ''n ti O PI rn -« PI C^ PI 'O « in Cn rn I- 00 CO « — 
 00 NO P) -^ •- in rt »i->vO CO V-j t^ ro M — y) 00 P» -< C3NNO O 
 
 pf ro c" NO -i- cl ^^ •- NO no" d yT rC in Tf o r^ '^ "- CO NO in 
 ino "- ^ ^n rr '•n '^ \D in r^.oo O pi 'OOOCo ^o pi —no 
 
 rn in On in — pi t^ I-^OO 00 N-t^PI r^-^TtO pom roCNPi 
 
 p^ pn rn ^ ino NO NO no NO tCNO rC rCoo On c5^ O O d^ O -^ 
 
 rn r-^ -* — N O *-« — 00 PI 1^ mcO 00 00 'O N "-OOO ONOO fO 
 O M N M PI On in C3NO O ■-" PICO'^'t»-.0 -^-in C^O "-" 
 — O Om'^ooo OnO ON-^-t^O PI PJO mpi -fy) onoo 
 '"'''''''' oi -^yj r^ Q\ >-rNO CO ^r :rv rn c\ cf. -i o" fo 
 ■ -~ rn ino 00 O <-ri r^ — o On pi i^ ro r>. 
 PI PI CI N fnmrn':fTtTi-m >no o 
 
 -2^ 
 
 U 3 
 
 
 u. y- 
 
 u 
 
 cW 
 
 ^ 
 
 
 4= 
 
 Eii 
 
 
 rt 
 
 
 
 '^O 
 
 fl 
 
 y> >, 
 
 
 
 S^ 
 
 u 
 
 
 
 ^ (^. 
 
 
 ^M 
 
 o 
 
 ^ c 
 
 
 OJ N 
 
 M 
 
 S'3 
 
 3 
 
 -& 
 
 O 
 
 5 
 
 u o 
 
 
 5c 
 
 i; 
 
 "5.5 rt e/i 
 
 Hi ^ ^ 
 
 ^^^^ & 
 
 .^"^ •;" 1 
 
 - S c c 
 
 r- O -1 -• • 
 
 -J ^ 
 
 
 
 Hi. 
 
 
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 3 rt 
 
 
 
 o -^ 
 
 
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 C '■ 
 
 
 
 
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 A-v 
 
 c ^ 
 
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 1) w- 
 
 ^ ^ 
 
 
 
 
 
 « 
 
 „-6 
 
 
 «; « 
 
 
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 'C o 
 
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 c-5 
 
 S ii 
 
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 ^€ 
 
 
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 'rt3 
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 ■ =^ ~ -r ~ 
 
 -5 -^ ^ < 
 
Statistics of F(jst Office Dei'AKtment, Canada. 
 
 265 
 
 V 
 
 a; 
 
 C 
 
 O 
 
 a 
 
 O 
 
 .2 
 •S 3f 
 
 a-: 
 
 21 
 
 
 
 O ? 
 
 a '^ 
 o 
 
 S 
 
 
 i - z 
 
 7 « 1: 
 •< - n :d 
 
 J z 3 < 
 < - >^ u 
 
 u 
 
 
 w a 
 
 
 .touoiy 10 lunoiuy 
 
 M.'puiiu^ 
 III ponssi s.i,->p.iQ 
 Aauoj^ JO jiinniiiv 
 
 •i:pi;ui: ■) 111 
 .ippiXini sa.ipjQ 
 Xaiio|\ JO lunomv 
 
 tf> 
 
 ^ 
 
 m 
 
 •wptJiti;^ 
 ui paii'isi sa.Tpj() 
 .<3iioi^ JO uinoMiy 
 
 ^ 
 
 <-. -N cv r^ >o « 
 
 ^ Tt- io" l< --O ^ 
 
 OC "-^ »^ fo -^ 
 CO to C^O r^ ON 
 
 O Tf U-> U-, rrfy^ 
 
 r^ ^o >o t^ »n »- 
 
 r>. ON — n fo O 
 
 •upwiu:;) UI 
 Aniioj^i JO lunouiv 
 
 W 
 
 n rfco on:o i-^ ^ o cn Q 
 
 ■^ — M ^ fi O — f*^ c^:« r>. _ _ . 
 
 <-■ in ro O OnCO O C^ "^ « O »'^ ■^ 0N"O 
 c^'O r>* in tJ- rovO ^C(0 ff po i-T ri cf^ O "^ t> r^ cT f r >■ 
 « M ri M -H M n ri po •'l- -^ >^ 
 
 ON H -H -tx O po ri ■ 
 
 •Kpiriiir") 
 111 ponssi sjapjQ 
 Xauoi^ JO lunouiv 
 
 •iipuuc;^ UI 
 .tnuo|^ JO iimouiv 
 
 ■upiMiiif) 
 UI panssi sj.->p.iQ 
 Xaiiui^ JO luuoiuv 
 
 M:pi:ui.\^ ui 
 ai(p?.<i:(i sJop.i(J 
 Xouo|^ JO junouiy 
 
 ■lipiMlli^ 
 
 ui pan^si s.iop.iQ 
 Xatio]^ jo innouiy 
 
 m 
 
 <~, \0 \0 — \0 a^ fT) r^ in o^ •/ >-« "> f n ON in >-> n t-, t>. r>. in 
 ri ^ 't n in On m Cv O on ■^o * "-oo O "-■ 0^ ^n'^ on (■>, in 
 fO M ri PI'O !•>. t^ — rosO M O ■ ■ iC^ rO Tf PI O Tf On -• O 
 po '^^ »n rt fO rf in rC in ino in fO ^ ^ in ino vo "« ^^ ^^ 
 
 tfl- 
 
 m 
 
 y^ 
 
 m 
 
 'TiptMUif) UI 
 
 X.-)Uo|\- JO lunouiy 
 
 •rpiiuir) 
 
 UI p3ns*i] SJSp4Q 
 
 Xauoj^ JO uinouiv' 
 
 •rpmiuf) lit 
 o](|i:Xu(l s.iop.i() 
 Xaiioi^' JO luiiouiy 
 
 m 
 
 tft 
 
 m 
 
 •fpiMiir') 
 
 UI pnnssi sanpjQ 
 Xouojv jo lunouiv 
 
 m 
 
 •i.'puui;;") III 
 .->mT;Xvd s.inpjQ 
 Xouo|\; Jo luiiouiy 
 
 m 
 
 •i:puui:j 
 UI pnnssi s.isp.iQ 
 Xouo[\[ JO luiiuuiy 
 
 y^ 
 
 
 ■t:pi;rn:_) ui 
 ..i-piXi.-d s.i;.'pj(i 
 Xjuo|\; jo uiuouty 
 
 'upmn: ) 
 UI p3ns><i ^.i-»pj() 
 Aauoj^ jo luuouiy 
 
 •L'pum:.) ui 
 .)|fp:,<i:il s.i,>pjQ 
 Aduoj^ jo lutiuiuy 
 
 •UpCIMT, ) 
 
 UI p.iussi s.i.)p.nj 
 .{3uuj\j JO lunuuiv 
 
 t^ 
 
 
 M ro i-N, in 
 
 O C^NO "^ r^ ( 
 
 -I- '■'^ M CN o in 
 O -t O ^0 Mm 
 CiC o 1^0 CN ci 
 
 f-n po rn ro '■o rn 
 
 Q\ n vO p^ "-• in 
 
 in-o 00 PO »no 
 
 — PO O 00 'M p) 
 
 — n rn rt r-r-i rrt 
 
 — '■o 't 
 
 \0 -I rj- r-> l-^. u-j 
 
 8 ''I M 
 00 
 
 in 1-^ r^ o> CTi O 
 
 O On »nco r^ ON 
 
 O PO M — ON n 
 
 — O -^ PO I^ ON 
 
 \Q fn C^ O Q\ O 
 
 *- M N Tj- PO PO 
 
 r-* in r-^o pn 
 O r-- "-• m po 
 
 inc^T ri PM rn 
 
 ^ O 
 
 n-f — :/) i->.0 O^M r^'^ « ■^ r-^iO 'O rj- 
 
 c ^o^oo^;o ■-00'O\C'O 00 'rioc/:! 
 povD -^ — o — o O in -I- "-o -^ 1^ in '^- 
 
 n\0 povD 
 
 ■:o CN^i 
 
 n o •^' K. 2> -i- 
 
 5"^ (>H ON 
 1^ - 
 
 ^ O t^ 
 
 ' 6 t^^ 
 
 M M PO 
 
 lin -^t-KT 
 — i-^ >n 
 
 4-0" 4 
 
 O M O 
 
 PI "-n ""O 
 
 CO ON '- c^ rf in 1-^ r-^ o^oo jO i^>d i-^ i^ o^ in on _ 
 
 ~o~n''o o""po tV«"vo" 'O tv3" "o"'CN--c 
 
 On<^C'I-^-+0 O 'i-O 1^0 "i-OO 00 
 t-^ O "": "^ -T -1- in '•t "*i -+X* c^ mo 
 
 O^ i-C m 4 lA >n « ri — ' C^ ""^ « rC O O r-^ p^ On p'i i-^od '^ 
 00 "O '-' r^ t-^vo ^ r-^ ON o :/) \JD on po in m ^o ^^ m p'^ in p" 
 m po "cj- rf inso o m, ■^ tt PI pn '■'*. Tj- m>o >o r^ I'^.oo on O 
 
 O Q P< O- POO « 
 • no P^t r-* ^ tJ- o 
 "- r* ;>0 o I >. — O 
 
 <^ 
 
 m 
 
 I 
 
 • -^ do O I^ IN Cn>D ■-< O I^ fO -rf po 
 
 ■ poz) ;/3 >n 'n r- r-* in on tJ- Tt-o On O 
 
 ■ -H :;o m ri vo po q po c O pi po — 
 I o r^o' JO 4 r^ pn m d o' i-To po "-T 
 .mo "Tt O C-Q Q -• in MO OnjOo 
 
 . »- N M pn -*;^ O O O^00 00 O M N 
 
 • in"- -^ O '+I^'jO Pt in O M -i" ro 
 
 . 'o M o 00 g^ o '^- «n -t yi 'O -t 
 
 • "^o: ri ri c\ q « mvD pi C po i^ r^ 
 ; rf ^o yS m d 0* — ' ••'S d >f ^r M rC — ' 
 
 . — h-. M pn M — ;o M cn>3 pno on c^ 
 
 . t^ ti r*^ rn ti-'O 1^ O ■- M M M M PO 
 
 ■3uuf qiul popuo Jt.'.>^\ 
 
 33 
 
 00 1^ t^ 1-^ r^ 1^ l^ t^ 1-^ t^ 
 
 t^ i> i> t> ^ ic 90 00 (Z) a; 55 :<! ;« Jo 
 
 4 
 
 CO 
 
 3i c 
 = '-> 
 
 >-< is 
 
 20 
 
 c 
 
 
 00 ■ 
 
 cO 
 
 
200 
 
 Post Office Savings Bank, Canada. 
 
 POST OFFICE SAVINGS BANK. 
 
 GENEUAL recapitulation. 
 
 
 
 
 
 
 • 
 
 
 
 
 
 
 
 Balance. 
 
 Deposits. 
 
 Total Deposits. 
 
 Withdrawals. 
 
 
 Ye.-ir. 
 
 
 
 
 Halance. 
 
 
 
 Cish. 
 
 
 Interest. 
 
 
 
 
 
 $ cts. 
 
 $ ' 
 
 Hs. 
 
 $ cts. 
 
 "R rts. 
 
 $ Cts. 
 
 $ Cts. 
 
 1867-68.. 
 
 
 212,507 
 927.8SS 
 
 00 
 
 939 37 
 21,094 72 
 
 213.446 37 
 
 1,153,568 61 
 
 8,857 48 
 
 296,754 35 
 
 204,588 89 
 856,814 26 
 
 l868-6g.. 
 
 204,588 89 
 
 00 
 
 1869-70.. 
 
 856,814 26 
 
 1,347.901 
 
 00 
 
 48,689 08 
 
 2,253,404 34 
 
 664,555 51 
 
 1,588,848 83 
 
 1870-71.. 
 
 1,588,848 83 
 
 1.917.576 
 
 00 
 
 84,273 68 
 
 3,590,698 51 
 
 1,093,438 86 
 
 2,497,259 65 
 
 1871-72.. 
 
 2,497,259 6s 
 
 2,261,631 
 
 00 
 
 116,174 55 
 
 4,875,065 20 
 
 1,778,565 19 
 
 3,096,500 01 
 
 1872-73.. 
 
 3,0()6,5cx3 01 
 
 2,306,918 
 
 00 
 
 126,932 88 
 
 S.530.350 89 
 
 2,323,299 32 
 
 3,207.051 57 
 
 1S73-74:. 
 
 3,207,05: 57 
 
 2,340.284 
 
 00 
 
 126,273 31 
 
 5,673,608 88 
 
 2,468,643 42 
 
 3,204,965 46 
 
 1S74-75- 
 
 3,204,965 46 
 
 1.942,346 
 
 00 
 
 120,758 06 
 
 5,268,069 52 
 
 2,341,979 04 
 
 2,926,090 48 
 
 1875-76.. 
 
 2,926,090 48 
 
 1,720,204 
 
 00 
 
 1 10,1 16 08 
 
 4,762,410 56 
 
 2,021,457 97 
 
 2,740,952 59 
 
 1876-77.. 
 
 2,740,952 59 
 
 1,521,000 
 
 00 
 
 104,067 86 
 
 4,366,020 45 
 
 1,726,082 98 
 
 2,639,937 47 
 
 iS77-7«.. 
 
 2.639,937 47 
 
 I. 724.371 
 
 00 
 
 103,834 29 
 
 4,468,142 76 
 
 ■.713.658 73 
 
 2,754,484 03 
 
 1S78-79.. 
 
 2,754, ;o4 03 
 
 1.973.243 
 
 00 
 
 110,912 56 
 
 4.838,639 59 
 
 1.733.448 79 
 
 3,105,190 80 
 
 187980.. 
 
 3,105,190 80 
 
 2,} 20,210 
 
 00 
 
 136,075 47 
 
 5,961,482 27 
 
 2,015,813 16 
 
 3,945,669 11 
 
 1880.81.. 
 
 3,945.6(9 II 
 
 4.175.042 
 
 00 
 
 184,904 81 
 
 8.305-615 92 
 
 2,097,389 IS 
 
 6,208,226 77 
 
 1881-82.. 
 
 6,208,226 77 
 
 6,435.989 
 
 00 
 
 291,065 07 
 
 12,935,280 84 
 
 3,461,619 31 
 
 9.473.661 53 
 
 18S2-8?.. 
 
 9,473,661 53 
 
 6,826,266 
 
 00 
 
 407.305 17 
 
 16,707,232 70 
 
 4.730,995 39 
 
 11.976.237 31 
 
 1883-84.. 
 
 11.976,237 31 
 
 6,441,439 
 
 00 
 
 477.487 46 
 
 18,895,163 77 
 
 5,649,611 13 
 
 13.245.552 64 
 
 18S4-85.. 
 
 13.245. 552 64 
 
 7,098,459 
 
 00 
 
 539.560 51 
 
 20,883,572 15 
 
 5.793.031 84 
 
 15.090,540 31 
 
 18S5-86.. 
 
 15,090,540 31 
 
 7.645.227 
 
 00 
 
 607,075 38 
 
 23,342,842 69 
 
 6,183,470 60 
 
 17,159,372 09 
 
 18S6-87.. 
 
 17.159.372 09 
 
 8,272,041 
 
 00 
 
 692,404 57 
 
 26,123,817 66 
 
 6,626,067 51 
 
 19.497.750 15 
 
 18S7-88.. 
 
 19.497.750 15 
 
 *7.9.?9.7i5 
 
 10 
 
 765,639 15 
 
 28,203,104 40 
 
 7,514,071 78 
 
 20,689,032 62 
 
 18S8-89.. 
 
 20,689,032 62 
 
 9,012,613 
 
 72 
 
 841.921 79 
 
 30,543,568 13 
 
 7,532,145 56 
 
 23,011,422 57 
 
 18S9-90.. 
 
 23,011,422 57 
 
 
 
 
 
 
 
 
 
 
 
 
 *$2 1 7, 385. 10 of this ■•imouiU was transferred from Britisli Columbia Savings Uank. 
 
 'I'hc nuiiiluT (if rcoisU'ivil letter.s i^stiinated to havt' iia-swod by iiiiiil in 
 CanatUi since lHiS2 is as follows : 
 
 In 1S83 2,659,000 
 
 ■ 1884 3,000,000 . 
 
 ■ • 1S85 3,ooo,aK3 
 
 • 18S6 3,400,000 
 
 • 1887 3,560,000 
 
 • ■ 1888 3,580,000 
 
 • • 1SS9 3,649,000 
 
 't 
 
Post Office Savings Bank, Canada. 
 
 267 
 
 Statement oi' the business of tlie Post Office Savings Bank, Canada, year by 
 year, from 1st April, 18G8, to 30th June, 18cS9. 
 
 I'alance, 
 
 cts. 
 
 I'KRIOI). 
 
 Three months ended 30th June, 1868 
 
 Year ended joih June, 1869 
 
 Year ended jolh June, 1870 
 
 Year ended 30th June, 1871 
 
 Year ended 30th June, 1872 
 
 Year ended 30lh June, 1873 
 
 Year ended 30lh June, 1874 
 
 Year ended 30th lune, 1875 
 
 Year ended 30th June, 1876 
 
 Year ended 30th June, 1877 
 
 Year ended 30th June, 1878 
 
 Year ended 30th June, 1879 
 
 Year ended 30ih June, 1880 
 
 Year ended 30th June, 1881 
 
 Year ended 30th June, 1882 , 
 
 Year ended 30th June, 1883 
 
 Year ended 30th [une, 1884 
 
 Year ended joth June, 1885 
 
 Year ended 30th June, 1886 
 
 Year ended 30th June, 1887 
 
 Year ended 30th June, 1888 
 
 Year ended 30th June, 1889 
 
 at 5 
 
 0. 6 
 
 
 81 
 213 
 226 
 230 
 235 
 239 
 266 
 268 
 279 
 287 
 
 295 
 297 
 297 
 
 304 
 308 
 330 
 343 
 355 
 392 
 415 
 433 
 463 
 
 a 
 
 V 
 
 §.5 
 
 3.247 
 16,653 
 24,994 
 33.256 
 39.489 
 44.413 
 45.329 
 42,508 
 38,647 
 36,126 
 40,097 
 
 43.349 
 56.031 
 
 71.747 
 97,380 
 109,489 
 109,388 
 116,576 
 126,322 
 143,076 
 155.978 
 166,23s 
 
 y. 
 V 
 
 St 
 
 
 
 o-S 
 
 Vc 
 
 S'c 
 
 05 
 
 la 
 
 
 rtT3 
 
 E M 
 
 " s 
 
 c 
 
 
 B = 
 
 $ 
 212,507 
 927,885 
 '.347.901 
 I.9I7.576 
 2,261,631 
 2,306,918 
 2,340,284 
 1,942,346 
 1,726,204 
 1,521,000 
 1.724.371 
 1,973.243 
 2,720,216 
 
 4.175.042 
 6,435,989 
 6,826,266 
 6,441,439 
 7,098,459 
 7,645,227 
 8,272,041 
 7,722,330 
 7.926,634 
 
 i35 
 
 $ 
 
 65 44 
 5571 
 53 93 
 57 66 
 57 27 
 51 94 
 51-63 
 45 69 
 
 44 66 
 42' 10 
 4300 
 
 45 52 
 48-55 
 58-19 
 
 66 09 
 
 62-35 
 58-88 
 60 89 
 60 52 
 57-81 
 49 5< 
 47-67 
 
 i2 i M 
 
 = = 
 
 ■r. g S 
 
 ii.s 
 
 o t - 
 
 iSa 
 
 217,385 10 
 1,085,979 72 
 
 •ij.''' 
 
mr' 
 
 268 
 
 Post Office Savixcis Bank, Canada. 
 
 StatKMKNT of the liusiucHS of tlio Post Oflk'o Savings Pmik, 
 
 riM<ioi>. 
 
 Tlirct' months cndrd ^nlli Iiuii', 1S6.S. . . . 
 
 \'cnr cmkIciI ^otli JiiiU', 11X69 
 
 \'e;ir cndcil ,?olli Inne. 1S7."' ... 
 
 Vcnr cnik'cl 301 li Juih', 1S7 i 
 
 \'car ciiilrd 301I1 June, 1 872 
 
 ^'oar ended 30U1 Iiuie, 1S7J 
 
 \'ear ended jOtli June, 1S74 
 
 ^■ear ended 30th Jime, 1S75 
 
 S'ear ended 30lh June, 1876 
 
 Vear ended 301I1 June, 1S77 
 
 Year ended 30th June, 1S7S 
 
 Vcar ended 30th June, 1879 
 
 Vcar ended 301)1 June, 18S0 
 
 Voar ended 301I1 June, 18S1 
 
 \'ear ended 301I1 June, 1882 
 
 Vear ended 30th June, 1883 
 
 \'ear ended 30th June, 1S84 
 
 Vear ended 30tli June, 1SS5 
 
 Vear ended 301I1 June, 18S6 
 
 Vear ended 30lh June, 1S87 
 
 Vear endeil 301 h June, 18S8 
 
 Vear ended 301I1 lune, 1889 
 
 iJi. 
 '/■■ 
 
 166 
 
 4,7S7 
 
 9.478 
 
 15,148 
 
 19,32s 
 
 829 
 
 22,159 
 
 1,641 
 
 24,248 
 .,566 
 
 24.637 
 
 1.317 
 
 23.127 
 
 21.643 
 
 84! 
 21,065 
 
 £79 
 
 22,326 
 
 900 
 
 26,043 
 
 67J 
 
 28,39s 
 
 1 1:? 
 
 35.S59 
 
 4S.2S3 
 56,026 
 
 59.714 
 62,^05 
 
 65.853 
 78,229 
 
 84.572 
 
 Is. 
 
 $ 
 8,857 48 
 
 296,754 3" 
 
 664.555 Si 
 
 1,^93.438 86 
 
 I,, 71,665 19 
 
 206, y'X) 00 
 
 1.925.999 32 
 
 V)7,300 mi 
 
 2,086,243 42 
 ,582,400 00 
 
 2,041,879 04 
 
 300, 100 00 
 
 1.783.257 97 
 
 233,20*) 00 
 
 1,525,682 98 
 
 21K»,400 tXJ 
 
 1,486,158 73 
 
 2^7,500 00 
 
 1,475,048 79 
 
 258,400 00 
 
 1,820,213 16 
 
 195,600 00 
 
 2,072,289 15 
 
 25. 100 00 
 
 3,461,619 31 
 
 4,730.99s 39 
 5,649,611 13 
 5,793,031 84 
 6,183,470 60 
 6,626,067 51 
 7,514,071 78 
 7.532,145 56 
 
 
 u 
 
 ■ H 
 
 gx 
 
 rl-O 
 
 < 
 
 $ 
 
 53 35 
 
 61 99 
 
 70- 11 
 
 72- 10 
 
 8133 
 
 8691 
 
 86 04 
 
 82 -88 
 
 77- II 
 
 70 49 
 
 70 55 
 
 66 07 
 
 69 89 
 
 73 56 
 
 96 53 
 
 104 54 
 
 too 84 
 
 97 0' 
 
 99 40 
 
 100 62 
 
 96 05 
 
 89 06 
 
 5.2 
 Z 
 
 2,146 
 6,429 
 7,823 
 9.424 
 10,846 
 
 n,995 
 12,048 
 10,516 
 10,218 
 8,971 
 10,058 
 
 io,75S 
 14,407 
 
 18,731 
 25,778 
 27,127 
 26,562 
 27,591 
 29,103 
 31.874 
 37.515 
 38,049 
 
 ■/. c n 
 S oK 
 
 III 
 
 .■V'/} 
 
 mi 
 
 723 
 2,962 
 
 -I 
 1 « 
 
 44 
 
 1.319 
 
 2,857 
 
 4.449 
 
 6,940 
 
 9,528 
 
 10,6c 16 
 
 11,190 
 
 10,097 
 
 9,312 
 
 8.597 
 
 8,845 
 
 10,487 
 
 10,491 
 
 13.920 
 
 17,531 
 
 20,939 
 
 20,951 
 
 21,555 
 22,585 
 26,704 
 29,581 
 
 * The figures in smaller tyjie in tlie.se two columns exhibit further withdrawals not paid to depositors 
 Dominion Stock. The amount of Dominion Stock held by 1'. (). Savings Hank depositors, having, as 
 
 The fluctuations in the expenses of management, and the aver.age cost of each transaction, — where not 
 to payments in one year for services not wholly chargeable to that year. 
 
 (a) The result of burglaries at three country I'ost Oltices. 
 
 t The amounts in small fij^ures in these columns represent the amount and number of accounts trans- 
 
Post Office iSAViN(;s IJank, Canada. 
 
 2()f» 
 
 Canada, year by j'enr, i'roiii 1st April, ISCiS, to .SOtli Juiit;, LSSO. 
 
 .5 
 
 Cost ok Main lArNiNc. 
 
 TFIK Post Oi 
 
 KICK SaMN(,s 
 
 Hank, 
 
 Total amount stnndinu to the 
 credit of all Oyien .Accounts, in- 
 clusive of Interest allowed, at 
 close of period. 
 
 |3 
 
 _ e 
 
 ■3 
 
 1 
 
 :^ 
 
 O 'J 
 
 u rt 
 
 II 
 
 3 
 
 Total Expenses of Manage- 
 ment, including .salaries, 
 conti^ensation to postmas- 
 ters, inspection, printing, 
 stationer^-, &c. 
 
 Average cost of s.-ach trans- 
 action, viz : of each de- 
 posit or withdrawal. 
 
 Percentage of cost of man- 
 ajement to balance due 
 to depositors. 
 
 c 
 
 ■a 
 9 
 
 i 
 
 2 
 
 Interest allowed to deposi- 
 tors. 
 
 Average amount standing to 
 credit of each Open Accou 
 close of period. 
 
 2.I02 
 
 $ 
 
 8,3^9 43 
 
 5,808 14 
 
 8,128 12 
 
 1 i,ioS 40 
 
 12,242 34 
 
 15.093 78 
 14,442 71 
 
 '2.539 59 
 14,662 14 
 
 «S.i49 13 
 15,266 08 
 16,100 03 
 
 19,134 14 
 23.223 99 
 29,245 68 
 31,180 03 
 34.168 95 
 35.75' 23 
 41.358 II 
 43.661 25 
 44.348 93 
 51.954 46 
 
 $ 
 
 
 $ 
 
 $ 
 
 939 37 
 
 21,094 72 
 
 48,689 08 
 
 84,273 68 
 
 "6,174 55 
 
 126,932 88 
 
 126,273 31 
 
 120,758 06 
 
 110,116 08 
 
 104,067 86 
 
 103,834 29 
 
 110,912 56 
 
 136.075 47 
 184,904 Si 
 291,065 07 
 
 407.305 17 
 477,487 46 
 539.560 51 
 
 607,07s 38 
 692,404 57 
 
 765.639 15 
 841,921 79 
 
 $ 
 
 204,588 89 
 
 856,814 26 
 
 1,588,848 83 
 
 2,497,259 65 
 
 3,096,500 01 
 
 3.207,051 57 
 3,204,965 46 
 2,926,090 48 
 2.740.952 59 
 2.639.937 47 
 2,754,484 03 
 3,105,190 80 
 
 3,945.669 11 
 
 6,208,226 77 
 
 9.473.661 S3 
 
 11.976,237 31 
 
 '3,245.552 64 
 15,090,540 31 
 17.159.372 09 
 19.497.750 15 
 20,689,032 62 
 23,011,422 57 
 
 $ 
 
 97 3i 
 1 18 80 
 
 7,212 
 I 2, 1 7S 
 
 17.153 
 21,059 
 23.526 
 
 24,96iS 
 24,294 
 
 24.415 
 24,074 
 
 25.535 
 27,445 
 31.365 
 39.605 
 
 51.463 
 
 61,059 
 
 6,682 
 
 23,',, 
 
 20,'>,-, 
 
 20 
 
 20,',-, 
 22,",-, 
 20 iV, 
 iS,',-, 
 
 23,-,-, 
 
 26,-V, 
 
 25 
 24 ,^, 
 23 ,\ 
 23 ,'^,-, 
 2I,>',1 
 20,'^fi 
 20,'V, 
 20|'V, 
 2I,»„ 
 20,".-, 
 u 19 
 20 ,v, 
 
 067 
 51 
 
 044 
 039 
 
 47 
 
 045 
 
 042 
 0-53 
 057 
 055 
 SI 
 049 
 
 037 
 031 
 026 
 026 
 024 
 024 
 22 
 021 
 022 
 
 
 
 130 41 
 145 59 
 147 04 
 136 32 
 128 36 
 120 44 
 112 27 
 109 60 
 107 87 
 
 "3 14 
 125 So 
 
 156 75 
 184 08 
 196 '3 
 198 63 
 205 Si 
 212 18 
 216 P.6 
 
 203 44 
 203 41 
 
 
 
 
 
 
 
 6,126 67 
 
 
 
 391 00 
 
 
 73.322 
 80,870 
 
 90.159 
 101,693 
 
 11 ?.I2 5 
 
 
 " 341 49 
 
 a 150 00 
 
 
 
 
 in cash, but at tlieir refjiiost i)ai<I over to the Finance Department to lie inscrilied in their names in 
 shown, passed out of the books of the I'ost OOice .Savinj^s I'.ank, does not appear in this Statement, 
 explained by variations in the amount of Inisiness and the iiuinlier of transactions, — are mainly attributable 
 
 ferred from the Government Savings Banks. 
 
270 
 
 PlIDLIC BUILDINOH ERECTED FROM 18(i7 To IHSO, 
 
 LIST OF PUBLIC BUILDINGS 
 
 Eroctud thrcnigljout the Dominion of Canacla, from Ist July, 1807, to Ist January, 
 188!), with statement of cost of con.stnu'tion or improvement of same, &c. 
 
 Fiscal Year when first 
 
 AppnipriatiDn was 
 
 luadu. 
 
 o nsr T -A. i^ I o . 
 
 Unil.DINCis. 
 
 I888 
 1883 
 1883 
 1883 
 1880 
 1883 
 1888 
 1S78 
 18S1 
 1 888 
 1881 
 1883 
 1SS2 
 18S1 
 1883 
 1882 
 1876 
 1882 
 1874 
 1881 
 1874 
 1S71. 
 1875 
 1878- 
 lS86- 
 1870- 
 1X72- 
 KSS5- 
 18S6 
 1883- 
 1878- 
 i886- 
 l88o- 
 1870- 
 1874- 
 1872. 
 i888- 
 1887- 
 1882- 
 
 1874- 
 lS86- 
 1883- 
 1882- 
 1882- 
 1883- 
 1884- 
 1882- 
 i88i- 
 i88o- 
 1882- 
 iS8i- 
 
 1874- 
 1874- 
 1870- 
 1885- 
 1870- 
 lS86- 
 1878- 
 
 -89 Almonte I'dsl Otlici', iStc, (under conslniction) . 
 
 84 AmluTslbiirn I'ost OtVice, &c 
 
 84 liarrie Tost ( Xl'ue, &c 
 
 84 Hellevillo Ilxaiiiiiiinij Wareliouse 
 
 81 <lo I'ost ( Xlicc, &c 
 
 84 licrlin do 
 
 89 Hranipton do (under construction). . . 
 
 79 Hrantford I'ost Office, &c 
 
 82 HrocUvillc do 
 
 89 Cayutja do (under construction). . 
 
 82 fliatham I'ost Office, &c 
 
 do 
 do 
 ilo 
 do 
 <lo 
 
 <lo 
 
 84 Clifton 
 
 83 Coljourn 
 
 82 ( ornwall 
 
 84 (lalt 
 
 83 Oananociue 
 
 77 Ciuclph 
 
 83 Hamilton Drill Hall 
 
 75 do Immit;raiit shed 
 
 82 do I'ost Office, i%c. , (new) 
 
 75 Kingston military Imildinj^s and fortifications . . 
 
 72 do immigrant liuildings 
 
 76 do Military College 
 
 79 do I'eniteiuiary 
 
 87 Lindsay I'ost Office, &c., (under construction). 
 
 71 London Custom House 
 
 73.- do immigrant shed 
 
 86 do Infantry School 
 
 87 Napanee I'ost Office, &c 
 
 84 Orangeville do 
 
 79 Ottawa Drill Hall 
 
 do 
 do 
 do 
 do 
 do 
 do 
 do 
 do 
 
 (now Supreme Court) , 
 
 Kxiierimeiital Farm . . . 
 
 (ieological Museum.. . . 
 
 Parliamentary Library. 
 
 CJovernment workshops, 
 
 I'ost Office, &c . . . 
 
 Printing Bureau, (under construction) . 
 
 \'ictoria Hall, (purchase and fitting up 
 
 Wellington .Street Block 
 
 West Block (Departmental Building) extension. 
 
 87 Pembroke I'ost Oftice, lic, (under construction) 
 
 84 Peterboro Post Office, ..Vc 
 
 83 Point Edward cattle quarantine station 
 
 83 Port Arthur immigrant shed 
 
 84 Port Hope Post Office, &c 
 
 85 Prescott do (under construction) 
 
 83 Sarnia immigrant building 
 
 82 Str.atford I'ost Office, &c 
 
 81 St. Catharines I'ost Office, &c 
 
 83 St. Thomas Drill Hall, (rebuilding) 
 
 82 St. Thomas Post Office, &c 
 
 75 Toronto Custom House 
 
 75 do Examining warehouse 
 
 71 do Immigrant sheds 
 
 86 do Inland Revenue building 
 
 71 do Post Office 
 
 87 Trenton Post Office, &c 
 
 79 Windsor do 
 
 Cost to 
 January i, i88g. 
 
 $ CtS. 
 
 6,432 79 
 34.5"o S3 
 46,722 17 
 
 3,561 02 
 63.633 99 
 
 36,772 SS 
 
 4.381 77 
 34,180 47 
 
 SS.547 91 
 
 9,198 88 
 
 58,658 71 
 
 43.614 85 
 19,632 81 
 62,71/ 87 
 
 34,374 33 
 
 22,287 62 
 
 33.883 94 
 
 SS.S07 90 
 
 6,738 78 
 
 347.655 84 
 
 i'3.>05 55 
 
 4,024 08 
 
 110,049 09 
 
 147.417 78 
 
 15,087 86 
 
 115,672 03 
 
 7,425 86 
 
 122,851 10 
 
 18,809 09 
 
 21,114 94 
 
 30,608 33 
 
 167,677 50 
 
 54,138 03 
 
 301,812 45 
 
 67,106 01 
 
 254,866 57 
 
 118,946 39 
 
 15,326 40 
 
 561,005 36 
 
 462,247 11 
 
 11,257 38 
 43,092 46 
 
 7.591 59 
 9.378 55 
 
 50.737 05 
 6,906 59 
 3.436 21 
 
 46,213 89 
 
 57,119 09 
 2,854 56 
 
 70,197 99 
 237,489 80 
 
 339.751 95 
 
 33.318 76 
 
 5,060 49 
 
 170,013 46 
 22,572 26 
 71,390 43 
 
 Total Ontario $4,877,688 47 
 
l^UHLIC BUILDlNfiS EuECTED h'ltoM lS(i7 To iHSf). 
 
 271 
 
 QTJEBEO 
 
 Fiscal Year when first 
 
 Appropriation wn.s 
 
 made. 
 
 Hnil.DINdS. 
 
 i888- 
 
 1884- 
 
 l88i- 
 i886- 
 1871- 
 1881 
 1885- 
 1888. 
 1871 
 1887- 
 1884 
 1870 
 i88j 
 1874 
 1871 
 
 l88o- 
 
 1871- 
 1880- 
 iS8o- 
 1882- 
 1883- 
 1883- 
 1871- 
 
 iS73- 
 1870- 
 1882- 
 1872- 
 1880 
 1883- 
 1S86- 
 1883 
 1878- 
 1871- 
 1872. 
 iS8s- 
 
 89 
 
 85 
 
 82 
 
 87 
 
 72 
 
 82 
 
 86 
 
 89 
 
 72 
 
 88 
 
 85 
 
 71 
 
 84 
 
 75 
 
 72 
 
 82 
 
 72.... 
 81.... 
 81.... 
 
 83.. . 
 84.... 
 84..., 
 72..., 
 74.... 
 71.... 
 S3.... 
 73-. .. 
 81.... 
 84.... 
 87.... 
 84.... 
 79.... 
 72.... 
 
 73".. 
 86.. . . 
 
 . Aylnicr I'dst Odlict;, Ac, (under construction.) 
 
 . * CTian)l)ly forts, (rostorntion. ) 
 
 . Chocoiitiiiii Marino llosiijtal 
 
 . CoaticooU I'ost Otiice, itc, (under construction.). ., 
 
 . Cirossc IsIl- Quarantine Station 
 
 .t Mull i'ost Office, &c., (old) 
 
 .Hull Post Office, &c., (now) 
 
 .Joliette I'ost Office, (under construction.) 
 
 . Levis Iinnii^jrant Sheds 
 
 . Maria Indian Reserve Chapel 
 
 . Montreal Armories 
 
 do Custom lIou.se 
 
 do Drill Hall 
 
 do Examining; Warehoii.se 
 
 do Ininiij;ranl Sheds 
 
 do Inland Revenue ORices 
 
 do Post Office 
 
 Quebec Artillery liarrack.s 
 
 Cartridj;e I'aclory 
 
 Citadel Iniiklinys 
 
 Drill Hall 
 
 Kxanuniiij; Warehouse 
 
 Iiiiniif;rant station 
 
 C)bservat()ry, (rebuilding;. ) 
 
 Post Odice, &c 
 
 .Sherbrooke Drill Shed 
 
 do Iniini(;rant buildings 
 
 do Post Office, iVc 
 
 Sorel Post Office, itc 
 
 St. Jerome Post Office, i\:c., (untler construction.). . 
 
 * St. John's Harracks 
 
 do Post Office 
 
 .St. Vincent de Paul Penitentiary 
 
 Three Rivers Post Office, (formerly Custom IIou.se) 
 V'alleyfield Inland Revenue buililing • 
 
 do 
 do 
 do 
 do 
 do 
 do 
 do 
 
 Cost to 
 
 J..inuary i, 1889. 
 
 $ Cts. 
 6,509 10 
 
 i.3'7 30 
 
 I9,.j86 45 
 18,267 30 
 
 83,5>3 98 
 
 30,208 60 
 
 29,046 90 
 
 11, 018 16 
 
 67.549 '9 
 500 00 
 
 "49.434 74 
 257,029 88 
 
 n3.'56 14 
 338.332 71 
 
 17. 8n 15 
 
 2,667 87 
 
 3 1. "03 87 
 
 631,061 14 
 
 4,659 81 
 
 19.590 35 
 6,428 60 
 
 85,564 79 
 77,448 II 
 
 48,723 72 
 
 10,667 23 
 
 96,003 32 
 
 573 58 
 
 1.334 40 
 
 66,604 72 
 
 48,683 85 
 
 5,733 36 
 
 15.450 42 
 
 16,224 21 
 
 378,625 72 
 
 27.550 99 
 1,707 10 
 
 Total ( Juebec $2,720,088 76 
 
 J^O^T-^A. SOOTI.A-. 
 
 188384 Amherst Post Office. &c 
 
 188; 4 Antigonish do 
 
 1883 >S4 Uaddeck do 
 
 1871-72 Halifax Dominion liuilding 
 
 1870-71 do Lawlor's Island IJuaranline station 
 
 1878-79 Lunenburg Marine I lospital 
 
 1887-S8 Nappan p^xperimenlal Farm, (under construction) . 
 
 1881-82 New Glasgow Post Office, tVc 
 
 1S83-84 North Sydney do 
 
 1872-73 Pictou Custom lliiuse 
 
 1874-75 <'" Marine Hospital 
 
 1874-75 do Quarantine station 
 
 1S80-S1 Point I'^dward (Sydney) station 
 
 1874-75 Sydney (South) .Marine Hospital 
 
 1883-84 Truro Post Ollice, &c 
 
 1883-84 Windsor do 
 
 1874-75 Varmoulh Marine Hospital 
 
 1883-S4 do Post Office, &c 
 
 1874-75 do (Quarantine station 
 
 $ cts. 
 
 38.331 (>7 
 5.546 85 
 
 14,006 74 
 104,449 57 
 
 25,269 14 
 0,502 25 
 6,39'"' 80 
 
 43,285 61 
 
 25,769 88 
 
 27.743 04 
 
 12,410 36 
 
 4,090 00 
 
 7.417 71 
 11,514 61 
 36,019 11 
 
 32..547 29 
 3,550 00 
 
 41,771 62 
 3,438 64 
 
 Total Nova Scotia $ 450,460 89 
 
 * Appropriation, military buildings, 
 
 t Destroyed by tire on loth May, 1S86. 
 
 f -^l 
 
272 
 
 Pu»M(; BiTii.DiNfjH Kkkctei) i'uom 1,S(I7 to 1889. 
 
 :fl 
 
 l''i>ical Vtiai wluMi first 
 
 AppruiiriatiDii was 
 
 made. 
 
 ITE^W BRTJZSrS^WIOIC. 
 
 Iiiiii,iiiNi;s. 
 
 i883«4, 
 
 lSSj.84, 
 
 kS,SS-89, 
 1S75.76, 
 1S8JS4, 
 187879. 
 
 i«74-7S. 
 
 188,5-84, 
 
 ■X7J-7.5 
 1885-84, 
 I88}-S4. 
 
 IX74-75. 
 i8()()-7o, 
 1878-79, 
 iSS.'-8j. 
 
 18S0-81., 
 1 881-82., 
 1872-73., 
 1S7S-79., 
 1S71-72. 
 1872-73., 
 1878-79., 
 1883-84., 
 1881-S2 , 
 1873-74., 
 18S0-81., 
 
 I!allulr.^l I'll.-,! (llluT, iti; 
 
 C'arkitin (Si. jolm) I'd-sI Office, &(.• 
 
 (.lialliani \\»i ( Jllicc, iVc 
 
 Dalliou.'-.if I'osl OKicf (under construction), . . 
 
 1 (iirclicslor I'tMiiUiiliary 
 
 •Fruilorictim llnrrafUs 
 
 ilo I'lttl Dflicc, itc 
 
 .Miildlt' Isl.iiid (,)iiaraiuiiie Stntion 
 
 .MulHi<ill I'n.sl ( Mt'n'c, fiC 
 
 Ncwcasllo ( u.^ldiii I lou,sc 
 
 New cast lo I'o.sl ( )ffice, iVc 
 
 I'orlland I'o.sl ( )ffux-, \'c 
 
 Si. Andrews Marine I lo.spital, 
 
 t.Si. John Cu.sioin I louse (old) 
 
 do <lo (new) 
 
 I''(irl I )unirin 
 
 .M.iriiu' Ilosiiilal (rartridt;e Island). . 
 
 .Military .Sinreliouse 
 
 I'ost Ollire (old) 
 
 do (new) 
 
 (Quarantine Station (I'artridge Island). 
 
 .Savings iJank (olil) 
 
 do do (new) 
 
 St. Stephen's Post ( )Hice, itc 
 
 Su.ssex I'ost ( )ltice, &c 
 
 Weslcoek .Marine Hospital 
 
 Woo islocl; Post Oflice, &c 
 
 do 
 
 do 
 do 
 <1.> 
 ilo 
 do 
 do 
 do 
 do 
 
 Cost to 
 
 
 January 1, i88.y. 
 
 $ ■ 
 
 Is, 
 
 29.863 
 
 88 
 
 14,121 
 
 6.1 
 
 14,028 
 
 84 
 
 2,069 06 
 
 463.268 
 
 65 
 
 '5-295 57 
 
 .30,521 
 
 S7 
 
 4,280 
 
 55 
 
 45- '94 
 
 52 
 
 4-8.50 
 
 00 
 
 47.655 47 
 
 10,956 
 
 49 
 
 5,588 
 
 44 
 
 75.797 
 
 88 
 
 327,705 
 
 02 
 
 8,064 
 
 ,So 
 
 49,338 
 
 54 
 
 13,020 
 
 37 
 
 178,940 86 
 
 173.725 7' 
 
 7,308 46 
 
 47.7S4 
 
 28 
 
 45.290 
 
 80 
 
 28,867 
 
 90 
 
 23.325 
 
 26 
 
 3.4'6 
 
 93 
 
 39.953 27 
 
 Total New lirunswick $1,710,220 46 
 
 IPIilDSrCE EID"Vsrj^RID ISL.A.3SriD- 
 
 liuildings (old) 
 
 do (new) 
 
 do (temporary). 
 
 1873-74 
 
 1S83-84. ... 
 1883-84 
 
 1874-75 
 
 1883-84 
 
 1884-85 Nortlunnlierland Strait .Mail liuildings (proportion of expenditure). 
 
 1875-76 .Souris ,Maiine 1 lospital 
 
 1883-S4 Suniinerside Post (jliice, ite 
 
 . Charluttetown Dominion 
 
 do do 
 
 do do 
 
 do .Marine Ilos'pital 
 
 ..Montague Post Olliee, &.C 
 
 $ cts. 
 69,000 00 
 97,366 32 
 6,207 '4 
 1,940 41 
 8,242 87 
 
 '.310 05 
 4,458 62 
 
 34.J22 II 
 
 Total I'rinee Kdward Island $222,847 52 
 
 1889-90 IJrandon K.\periniental i'ann, (under eonslruelion). , 
 
 18S1-82 do Inniiigiant shed 
 
 18.SS-S9 do Post ( lllice 
 
 1882-83 Mmerson immigrant shed 
 
 18S6-87 .Minnedo.sa do 
 
 1873-74 Sloney Mountain Penitentiary 
 
 1872-73 Winnipeg Custom I louse 
 
 1872-73 '•» 
 
 1SS4-S5 do 
 
 1883-S4 * do 
 
 1871 72 do 
 
 1887-8S do 
 
 1872-73 do 
 
 18S2-8; do 
 
 l8,S3-,S4 do 
 
 1883-84 do 
 
 l)omiiiiun Land;. Olliee 
 
 Drill shed 
 
 I'ort Osliorne Darr.ieks 
 
 Immigrant sheds 
 
 Infantry Scho,)! 
 
 Post Olliee, fiC, (old) 
 
 do (new) 
 
 do (temporaiv) 
 Powder maga/iine 
 
 Total .Manitoba. 
 
 $ cts. 
 
 1,272 89 
 
 22,564 58 
 
 5,3'4 10 
 
 i,kS6 10 
 
 1,071 50 
 
 438,673 58 
 
 45,439 27 
 
 16,426 41 
 
 24,628 66 
 
 8,406 83 
 
 3.5.773 89 
 15,188 75 
 
 43, '25 3' 
 207,497 82 
 
 I ',737 78 
 7,765 95 
 
 $884,073 42 
 
 * Appropriation, military buildings. 
 
 t Destroyed by lire, 20th June, 1877. 
 
PUHMC BUILDINCJS FCllEfTEl) KHO.M 1807 TO IHSO. 
 
 27;i 
 
 L'(wt lu 
 Hilary i, i88.;. 
 
 $ rU. 
 
 29,«63 X8 
 
 l.t.<2l 6.1 
 
 14,02s M.) 
 
 2,069 U) 
 
 463, 26H (15 
 
 '5.^95 57 
 
 .P. 52 1 57 
 
 4,286 5S 
 
 45. '94 52 
 4.8jo 00 
 
 47.655 47 
 
 10,956 49 
 
 5,588 44 
 
 75.797 «8 
 
 327,705 02 
 
 8,064 50 
 
 49.338 54 
 
 13,020 37 
 
 178,940 86 
 
 173.725 71 
 7,308 46 
 47,784 28 
 45,290 So 
 28,867 9*5 
 23.325 26 
 3.416 93 
 39.953 27 
 
 1,710,220 46 
 
 $ rts. 
 
 69,000 00 
 
 97,366 32 
 
 6,207 14 
 
 1,940 41 
 
 8,242 87 
 
 1,310 05 
 
 4,45s 62 
 
 34.322 11 
 
 $222,847 52 
 
 $ cts. 
 1,272 89 
 
 22,564 58 
 
 5.3>4 10 
 
 1,1 86 10 
 
 1,071 50 
 
 438.673 58 
 
 45.439 27 
 
 16,426 41 
 
 24,628 66 
 
 8,406 83 
 
 33.773 89 
 
 15.188 75 
 
 43.125 3' 
 
 207,497 82 
 
 i'.737 78 
 7,765 95 
 
 $884,073 42 
 
 I'iscal Vtrnr when first 
 
 Ap|fru|.riati(>ii was 
 
 iiiaile. 
 
 BlilTISH aOLTJ3i^BI-A.. 
 
 Huii.niNi'.N. 
 
 1883-84 Allien I lend Quarantine sintion (Vnncoiivcr). 
 
 1881-82 N.nrmiiiio I'n.i (iHicc, he 
 
 1873-74 Ntiw VVfhIiiiiiii.stLT I'l'iiitentiary 
 
 1881-82 (Id I'osi onicc, Ac 
 
 1873-74 Victoria Ciisldin I louse 
 
 1885-86 do [iiiMii^ranl shed 
 
 1872-73 do Marine lliisiiital 
 
 1872-73 do I'dst Office 
 
 Cuht to 
 January i, 1889. 
 
 $ Ct!i. 
 12,173 61 
 
 33.375 08 
 
 257.754 73 
 
 26,751 63 
 
 39.164 75 
 
 3,030 21 
 
 18.63s 43 
 
 42,906 32 
 
 Total Hritish Columbia $433,791 76 
 
 nsrORTH-^WEST TERRITORIES. 
 
 1889-90 Uanff Mounted Police Barracks 
 
 1875-76 Battleford Industrial Sclioul 
 
 1877-78 do I.ieulenant-ddverndr's residence, &c 
 
 1875-76 <lo Mdiinted i'dlice liarracks 
 
 1884-85 * do Sli|ieii(liary Magistrate's Oliicc, (destroyed by (ire during the 
 
 rebellion) 
 
 1886-87 \iin\t: immigrant .shed 
 
 188485 Calgary do 
 
 1876-77 do Mounted Police Barracks 
 
 1887-88 Cypress Hill do 
 
 1876-77 I'orl Mcl.Cdd do 
 
 1874-75 I'orl I'elly do 
 
 1885-86 I'ort SasUalchewan do 
 
 1885-86 High River Industrial Schnol 
 
 1887-88 Indian Head Kxperiinenlal I'arm 
 
 1885-86 I.etlibridge Mounted Police Barracks 
 
 1887-88 Mcl.eod Custom I louse Storehouse 
 
 1887-88 do General I losnital 
 
 1883-84 Maple Creek Mounted rolice Barracks 
 
 1884-85 Medicine I lat immigrant shed 
 
 1885-86 (Id Mounted I'dlice Barracks 
 
 1883-84 Prince Albert Cnuit House and )ail 
 
 1884-85 (Id Mounted Police Barracks 
 
 1883-84 (^u"A|ipelle immigrant sheds 
 
 1885-86 (Id Industrial Sclindl 
 
 1885-86 do Mdun.ed Pdlice Barracks 
 
 1883-84 Regina Council Chamber 
 
 Coml I louse 
 
 Indian Offices 
 
 Industrial School, (under construction) 
 
 Jail and lunatic asylum 
 
 Lieutenant-t iovernor's residence 
 
 Mounted Police Barrack.s 
 
 Post Oltice, etc 
 
 Riding and 1 )rill I bill 
 
 1887-88 Touchwddil Hills Mduiiled I'dlice Barracks 
 
 1887-88 Wood Mountain Mouiited Police Barracks 
 
 1886-87 
 18S5-86 
 lS89-(jo, 
 1884-85. 
 1883-84. 
 1885-86. 
 
 1885-86 do 
 
 1885-86 do 
 
 do 
 do 
 lid 
 (Id 
 (Id 
 (Id 
 
 529 73 
 
 3.382 00 
 
 114,711 2S 
 
 121,007 31 
 
 2,433 24 
 1.047 50 
 6.583 67 
 36,514 37 
 1,000 00 
 
 75.449 61 
 67.467 31 
 
 7.732 82 
 21.635 94 
 
 6,142 10 
 44,120 51 
 
 6,313 70 
 i,o<x) 00 
 29,779 69 
 6,748 78 
 28,102 35 
 33.938 92 
 74.943 98 
 23.157 55 
 42,509 07 
 
 4.534 66 
 
 9,877 40 
 
 6,169 68 
 
 10,007 77 
 
 419 31 
 
 53.123 91 
 
 19,821 44 
 
 149,517 90 
 
 8,361 12 
 
 26,425 90 
 
 413 uo 
 
 1,56's 6u 
 
 Total North-West Territories $1,046,489 eg 
 
 E nsr o- L .A. 3sr 13 . 
 
 1883-84 L(mdon High Commissi(mer's House $ 42,702 50 
 
 " Appropriation, public buildings, N.W.T. 
 
 34 
 
■274 
 
 Railways in Canaha. 
 
 RAILWAY STATISTICS OK TIIK DOMINION OF CANADA. 
 
 A Statemknt showing,' the j^rowtli of Riiilwiiy CoiiHtructioii iukI Traffic Hitico tlu^ 
 opcriiii^r lit' till' first liiii- iti 1837, no far tis the inrniiiiiitidii Ims licin placcil 
 on rt'coril. 
 
 Vmr. 
 
 iSjS 
 
 |SJ<). 
 
 1840. 
 
 1K41. 
 
 1S42 
 
 1S43 
 1S44. 
 
 1S45. 
 1846 
 
 1847. 
 
 184.S 
 
 1849 
 
 S50. 
 
 851. 
 
 85-' 
 
 S53 
 
 854. 
 
 855. 
 
 850. 
 
 857. 
 
 S;8. 
 
 859. 
 
 860. 
 
 861 
 
 862. 
 
 863. 
 
 S64 
 
 S65. 
 
 S66 
 
 867 
 
 808. 
 
 869. 
 
 870. 
 
 871. 
 
 S72. 
 
 87.}. 
 
 874. 
 
 875- 
 
 876. 
 
 877. 
 S78. 
 ;!70. 
 
 S80. 
 1881. 
 1882. 
 
 1 88.5 . 
 1884. 
 
 S85. 
 
 i!!S7 
 
 ibS8. 
 1889. 
 
 Mile 
 
 16 
 16 
 16 
 16 
 16 
 16 
 16 
 16 
 
 59 
 59 
 59 
 7' 
 93 
 212 
 
 423 
 
 657 
 
 85s 
 
 1,296 
 
 1,428 
 
 1,654 
 
 1.997 
 2,087 
 2,087 
 2,1 10 
 2,110 
 2,145 
 2.145 
 2.150 
 2,258 
 2,269 
 
 2,497 
 2,497 
 2.497 
 
 2,508 
 
 2,(.j8 
 2, (.42 
 4,826 
 
 5. '57 
 S.574 
 6,143 
 6.484 
 6,891 
 7,260 
 7,53" 
 
 S,/26 
 
 9,058 
 10,149 
 10,697 
 11,691 
 12,162 
 12,628 
 
 Numlicr 
 
 of 
 
 I'llS'.fllKCls 
 
 C'nrricil. 
 
 27,041 
 
 22.379 
 27,118 
 
 1,922,227 
 
 2,704,711 
 2.920,000 
 
 5,190,416 
 5-544,814 
 6,073.233 
 6,44.5,924 
 6,52j,8i() 
 6,.j()2,948 
 6,'i4.5,67i 
 
 9,35^. 3-!5 
 
 9>57').">48 
 
 9,981,358 
 
 9,672.599. 
 
 9,S()i,o.'4 
 
 10,698,6)8 
 
 11,416,791 
 
 12,151,051 
 
 Ton» 
 
 of 
 l-'riMKliI 
 Carried. 
 
 7.716 
 
 7,786 
 
 12,639 
 
 2,074,187 
 2,260,000 
 
 5,670,836 
 
 6.331.757 
 6,859,796 
 7,883,472 
 8.548,810 
 9,9.58,858 
 12,065.323 
 '.5.575.787 
 
 i3,j()(.,J55 
 13,712,299 
 14,659,271 
 15,670,460 
 16,356.335 
 '7.172.759 
 17,928,626 
 
 I*..unln 
 
 13.650 
 11,850 
 
 15.254 
 
 6,839,409 
 
 11,281,945 
 11,496,195 
 1 1,468,277 
 12,116,716 
 12,798,303 
 13,451,289 
 14,485,648 
 15,436,018 
 
 1 7. '39,876 
 16,286,898 
 19,470,510 
 19,358,084 
 18,742,053 
 20,520,078 
 19,925,066 
 23.561,447 
 27,987.509 
 2rj,027,7S9 
 33,244,5,86 
 33,481,705 
 32,227,469 
 33. .589,382 
 38,841,609 
 42,159,152 
 42,149,615 
 
 WurkiiiK 
 Kk|Jvrt<.cH. 
 
 10,744 
 
 8,916 
 
 11,851 
 
 7,426.691 
 6,575,637 
 
 '5,773.5.52 
 15,802,722 
 15,290,091 
 16,100,102 
 16,188,282 
 16,840,705 
 20,121,418 
 22,390,709 
 24,(191,667 
 25.595.342 
 24.015.351 
 24,177,582 
 27,624,683 
 30,652,046 
 31,038,045 
 
Railways in Canada. 
 
 27« 
 
 INTERCOT,()NIAL RAILWAY. 
 
 (JrosH Eiiniiii^'H, Toniiiif,'c of Fri'if,'lit uikI tlic miiiilicr of Pa.sscn;,'crs canicd in 
 oiicli year mm' Jst .Inly. \>^7(\ wIumi tin- Hiiilwav was o|kmic(1 as a 
 tliron<,fli liiif. 
 
 Venr. 
 
 1876.77 
 1877-78 
 1878-79 
 1879-80 
 1880-81 
 1881-82 
 1882-83 
 1883-84 
 ISH4-85 
 1885-86 
 1886-87 
 1887-88 
 8888-89 
 
 Average 
 
 Miles in 
 Operation, 
 
 714 
 714 
 714 
 «25 
 840 
 840 
 840 
 847 
 
 86 1 
 866 
 867 
 88C 
 894 
 
 KnrnitiK* 
 
 $ Cts. 
 1.154.445 .^5 
 i,378,94<'78 
 1,292,099 69 
 1,506,298 48 
 1.760,39392 
 2,079,262 66 
 2,370,921 10 
 
 2,353.647 26 
 2,368,15365 
 2,383,200 77 
 2,596,00983 
 2,912,783 85 
 2,895,364 35 
 
 'Ions t.f 
 Kruinlii 
 (airiecl. 
 
 43>.327 
 522,710 
 510,861 
 561,924 
 
 725.577 
 838,956 
 970,961 
 
 1,001,163 
 970,089 
 
 1,008,545 
 
 i|i3i.334 
 1,275.995 
 1,204,790 
 
 NuniliLT 
 
 of 
 
 Passengers 
 
 C'arrieil, 
 
 613,428 
 618,957 
 640,101 
 581,483 
 63 '.245 
 
 779.994 
 878,600 
 920,870 
 
 914.785 
 889,864 
 940,144 
 996,194 
 1,091,189 
 
ill 
 
 276 
 
 Expenditure on Canals in Canada. 
 
 Amount expended on the construction and enlargement of 
 
 (Rep<tirs not 
 
 Note. — Some of the items in the following canal statements have been 
 
 By Whom Exgienditurc Incurred 
 
 Total 
 
 I.73S.7I4 S» 
 
w 
 
 Expenditure (^n Canals in Canada. 
 
 277 
 
 cts 
 
 27 
 
 SO 
 
 5.122 
 
 50 
 
 26 
 
 00 
 
 36 
 
 00 
 
 266 
 
 IS 
 
 6,727 
 
 44 
 
 3-277 98 
 
 7.999 79 
 
 8.491 
 
 80 
 
 3.633 
 
 57 
 
 14.411 
 
 97 
 
 10.993 
 
 S2 
 
 73S.7I4 S8 
 
 Canals in the Dominion of Canada, up to 30th June, 1889. 
 inclvded.) 
 
 reclassified, bringing them into agreement with the I'uWic Accounts. 
 
 Cornwall 
 C.-inal. 
 
 Cts. 
 
 St. Lawrence 
 Canada. 
 
 Not Appor- 
 tioned. 
 
 Cts. 
 
 1.933,152 69 
 
 2,786 60 
 
 10,692 04 
 
 17.780 05 
 
 7 50 
 
 10,000 21 
 
 i.oii 75 
 
 1,780 00 
 
 49.211 37 
 
 145.015 45 
 143,092 05 
 
 109.454 95 
 53.948 14 
 44,587 61 
 21,728 93 
 23,018 13 
 78.333 86 
 64.781 78 
 46,966 43 
 
 67.94s 74 
 163.993 85 
 
 116,821 31 
 
 2,989,288 S3 
 
 Williamsburc 
 C'.Tnai;.. 
 
 Cts. 
 
 1,320,655 54 
 
 1,077 00 
 
 St. Lawrence. 
 
 Chain Vessel 
 and Improve- 
 ment of 
 Navigation. 
 
 Cts. 
 
 Surveys, 
 St. LawreTice 
 and Canals. 
 
 13 19 
 
 28,500 00 
 
 28,064 67 
 
 1,623 76 
 
 116,821 31 
 
 2,473 44 
 
 103,237 12 
 
 149.835 7» 
 
 115,853 00 
 
 71,741 96 
 
 59.867 26 
 
 1,824,754 22 
 
 623 52 
 6,927 96 
 28,933 45 
 44.874 31 
 89,846 03 
 115,110 17 
 116,051 73 
 
 74,437 31 
 56,482 85 
 
 591.475 76 
 
 cts. 
 
 33.241 69 
 26,541 30 
 20,611 36 
 
 21,715 47 
 
 19,312 64 
 
 3.946 70 
 
 9,265 77 
 
 8,591 04 
 
 18,493 92 
 
 161,719 89 
 
 VV» land 
 Canal. 
 
 $ cts. 
 222,220 00 
 7,416,019 83 
 12,097 84 
 43,486 36 
 22,173 72 
 48,569 10 
 59.702 76 
 
 130,158 47 
 
 746,420 61 
 
 1,047,119 91 
 
 1,570,178 19 
 
 2,199,962 61 
 
 2,138.392 99 
 
 1,552,697 41 
 
 1,252,924 75 
 
 1,249,536 56 
 
 617,066 97 
 
 555.412 32 
 
 432,336 21 
 
 469.655 59 
 216,739 75 
 1,074,902 54 
 440,461 80 
 269,714 01 
 
 23.787,950 30 
 
 ii 
 
 
278 
 
 Expenditure on Canals in Canada. 
 
 l!y wliciin Kxpenditiire 
 lucurrctl. 
 
 Imperial Government . . 
 Provincial Government . 
 Dominion Government . 
 
 do 
 
 do 
 
 do 
 
 do 
 
 do 
 
 do 
 
 do 
 
 do 
 
 do 
 
 do 
 
 do 
 
 do 
 
 do 
 
 do 
 
 do 
 
 do 
 
 do 
 
 do 
 
 do 
 
 do 
 
 do 
 
 Amount expeiulutl on the construction and enlargement 
 
 (Repairs vol 
 
 Total. 
 
 Year endinf; 
 3otl) J urn.'. 
 
 Up to 
 
 lunojo. 
 
 1867. 
 
 1868 
 
 1869 
 
 1870 
 
 1871 
 
 1872 
 
 1873 
 1874 
 1875 
 1876 
 1877 
 187S 
 1879 
 1880 
 1 88 1 
 1882 
 1883 
 1884 
 1S85 
 1886 
 1S87 
 1888 
 1889 
 
 S^e. Anne's 
 Lock. 
 
 $ Cts. 
 
 134,456 5' 
 
 1.93946 
 540 II 
 
 12,753 27 
 32,627 71 
 
 24.935 85 
 30,003 08 
 
 14,6188s 
 
 22,113 02 
 
 3,054 68 
 
 69,042 76 
 
 193, 15836 
 
 172,95995 
 142,006 25 
 
 93,679 57 
 129,681 67 
 5«>33o 18 
 20,283 '4 
 24,786 33 
 
 Carillon 
 
 ami (ircnvillc 
 
 Canals. 
 
 $ Cts 
 
 63,053 64 
 
 19,817 22 
 
 4,16796 
 
 23,11937 
 
 165.257 28 
 136,250 48 
 
 245.258 38 
 339,864 76 
 326,203 16 
 245,738 04 
 
 22,676 20 
 243,141 24 
 281,514 27 
 
 336,707 53 
 433,084 39 
 433,575 10 
 399,267 16 
 
 •57.187 72 
 
 105,048 24 
 
 20,747 II 
 
 38,996 29 
 
 29817 
 
 1.173,970754,040,97371 
 
 CiiUiutc 
 Lock. 
 
 $ ct.s. 
 
 83553 
 38,388 99 
 63,659 29 
 76,842 44 
 56,081 87 
 
 5.933 53 
 20,694 19 
 16,688 20 
 
 4,721 62 
 
 29.567 15 
 14,249 60 
 
 8,151 16 
 19,071 76 
 26,385 27 
 
 7,760 88 
 
 7,573 99 
 17,112 01 
 
 413.71748 
 
 Ridenu 
 Canal, 
 
 $ Cts. 
 
 3,911,701 47 
 
 153,06260 
 
 7,298 12 
 
 Ctiand)y 
 Canal. 
 
 $ Ct.s. 
 
 634,711 76 
 
 13 16 
 
 11,73298 
 
 4,967 50 
 
 18,070 97 
 
 5.793 16 
 
 9j3io8s 
 
 2,16396 
 
 214 II 
 
 7,703 88 
 
 13350 
 
 7065 
 
 4,597 50 
 
 2,098 76 
 
 55000 
 
 20,823 96 
 
 18,88948 
 
 6,665 22 
 
 4,185,861 83 
 
 2,83985 
 1,906 40 
 75900 
 2,810 00 
 2,41500 
 
 80 00 
 
 31,79641 
 21,332 36 
 41,640 77 
 21,049 23 
 
 14,547 27 
 17,911 17 
 65,536 64 
 51,43787 
 
 910,773 73 
 
ilargoment 
 lepaivH vol 
 
 Chamhy 
 Canal. 
 
 $ cts. 
 
 634,711 76 
 
 2,839 85 
 
 1,906 40 
 
 75900 
 
 2,810 00 
 
 2,41500 
 
 80 00 
 
 31.79641 
 21,332 36 
 
 41,640 77 
 21,049 23 
 14.547 27 
 17,911 17 
 65.536 64 
 51.43787 
 
 EXPENDITUUE ON CaXAT.S IN CaNADA. 
 
 27f) 
 
 of Canals in the Dominion of Canada, &c. (Concluded). 
 included). 
 
 St. Peter's 
 Canal. 
 
 $ Cts, 
 
 156,523 32 
 21,51972 
 70,719 80 
 
 46,193 57 
 
 Snrvey 
 
 13aie Verte 
 
 Canal. 
 
 $ Cl.s. 
 
 Murray 
 Canal. 
 
 Ct.s. 
 
 2097 
 11,125 00 
 
 63.330 i8 
 26,511 51 
 
 I07.337 75 
 80, 1 20 54 
 
 69.434 76 
 484 00 
 
 2,471 40 
 
 16,820 15 
 
 2,3168s 
 
 i.«37 75 
 
 17.929 34 
 6,399 41 
 
 14,943 83 
 4,018 90 
 
 443 00 
 
 no 75 
 
 22 30 
 
 520 00 
 
 400 00 
 
 Trent 
 Canal. 
 
 $ cts. 
 
 309,371 31 
 
 910,773 73 
 
 500 00 
 
 677,207 27 
 
 44.3S7 53 
 
 7,135 63 
 
 84,071 68 
 
 118,187 43 
 
 148,902 66 
 
 179.704 52 
 142,563 6(. 
 
 146,754 37 
 215,326 46 
 
 1,043,046 41 
 
 Tay Canal. 
 
 $ Cts. 
 
 561 50 
 
 5,836 51 
 
 50,070 82 
 
 126,592 48 
 
 121,382 84 
 
 75.103 30 
 
 179.541 63 
 
 114,879 35 
 77,270 OS 
 
 1,060,609 79 
 
 Sanit _ 
 
 Sic. Marie 
 
 Canal. 
 
 $ Cts. 
 
 St. Our's 
 Lock. 
 
 $ Cts. 
 
 121,537 6s 
 
 748 65 
 4,831 So 
 50,878 12 
 92,473 97 
 65,561 51 
 49,617 92 
 54,166 57 
 89,486 18 
 
 8,145 06 
 34,018 95 
 
 Total. 
 
 17,230 32 
 5,279 17 
 
 4, 70.' J (':• 
 
 407,704 72 I 42,164 01 
 
 17,694 45 
 166,712 23 
 
 $ cts. 
 
 4,173,921 47 
 
 16,518,323 12 
 
 128,965 35 
 
 126,953 20 
 
 90,35s 96 
 116,42954 
 
 287,985 67 
 383,916 82 
 1,240,628 96 
 1,715,30937 
 2,389,544 21 
 4,131,39660 
 3,843.338 62 
 3,064,098 61 
 2,123,36634 
 2,083,138 34 
 1,648,199 12 
 1,825,505 II 
 1,638,28941 
 1,562,91906 
 1,365,308 82 
 1,849,681 22 
 
 1.153,67993 
 1,134.93392 
 
 54,596,188 77 
 
 m 
 
 .:! 
 
 i 
 
 
I 1 1 
 
 280 
 
 Depaktment ok iMaiuxe and Fisheries. 
 
 DEPARTMENT OF MARINE AND FISHERIES. 
 
 Vl-.u. 
 
 AugreKate Value of 
 iish caught in the 
 Dominion of Can- 
 ada exclusive of ti-^li 
 consnnied by the 
 Indian population. 
 
 .AKI^r^^Kate valuL- 
 
 of fl-^h exported 
 
 from Can.ida. 
 
 ReCEH'T.S ANU EXI'K.NDITURE 
 
 ON Account of 
 IIakiiour Police si.vce 1870. 
 
 Sick anu Distkbsseu 
 Marinek:j. 
 
 
 
 
 
 
 
 
 Receipts. 
 
 K.xpenditure. 
 
 Receipt-.. 
 
 K.xpenditure. 
 
 
 $ Cts. 
 
 $ Cts. 
 
 $ cts. 
 
 $ Cts. 
 
 $ Cts. 
 
 $ Cts. 
 
 1868 
 
 
 3,357,510 00 
 3,242,710 00 
 3,608,549 00 
 
 
 
 
 
 1869 
 
 1870 
 
 4,376,526 56 
 
 6,577.391 72 
 
 
 
 31,353 78 
 31,410 46 
 
 ^26,987 64 
 27,029 34 
 
 23,996 68 
 
 18,461 83 
 
 I87I 
 
 7,573.>99 85 
 
 3.994.275 00 
 
 21,235 06 
 
 17.400 73 
 
 29,683 41 
 
 28,971 22 
 
 1872 
 
 9,570,116 05 
 
 4,386,214 00 
 
 27,215 So 
 
 20,348 00 
 
 34,911 64 
 
 38,947 60 
 
 •873 
 
 10,547,402 44 
 
 4,779,277 00 
 
 26,618 50 
 
 32,653 87 
 
 37.136 10 
 
 41,016 43 
 
 1874 
 
 ii,6Si,8S6 20 
 
 5,292,368 00 
 
 28,650 39 
 
 38,897 52 
 
 41,500 16 
 
 59,778 90 
 
 187s 
 
 10,350,385 29 
 
 5,380,527 00 
 
 25,620 09 
 
 37.895 00 
 
 37,801 46 
 
 50,684 76 
 
 1876 
 
 11,147,590 14 
 
 5,510,989 00 
 
 26,499 09 
 
 41,222 68 
 
 41,287 66 
 
 48,828 49 
 
 1877 
 
 12,029,957 63 
 
 5,874,360 00 
 
 28,598 10 
 
 35.006 37 
 
 43.739 21 
 
 51,647 94 
 
 1878 
 
 13,215,678 S3 
 
 6,853,975 00 
 
 26,702 43 
 
 37.560 14 
 
 44,665 07 
 
 43,780 90 
 
 1879 
 
 I3>S29.254 9' 
 
 6,928,871 00 
 
 21,464 97 
 
 38,486 50 
 
 37.779 57 
 
 42,729 36 
 
 1880 
 
 •4.499.979 7" 
 
 6,579,656 00 
 
 21,510 15 
 
 35.225 54 
 
 42,523 20 
 
 42,160 91 
 
 I88I 
 
 15,817,162 64 
 
 6,867,715 00 
 
 27.375 09 
 
 35.451 07 
 
 49,779 72 
 
 40,667 52 
 
 1882 
 
 16,824,092 34 
 
 7,682,079 00 
 
 21,420 a 
 
 42,316 56 
 
 45,951 47 
 
 39.359 11 
 
 1883 
 
 16,958,192 98 
 
 8,809,118 (.0 
 
 28,060 02 
 
 38.318 65 
 
 45,573 42 
 
 36,249 65 
 
 1884 
 
 17,766,404 24 
 
 8,591.654 00 
 
 28,497 25 
 
 41,980 72 
 
 48,667 07 
 
 39.553 58 
 
 1885 
 
 17.722,973 18 
 
 7,960,001 00 
 
 20,698 79 
 
 38.082 92 
 
 39,068 39 
 
 44,501 57 
 
 1886 
 
 18,679,288 57 
 
 6,843,388 00 
 
 24,089 97 
 
 43.916 57 
 
 40,848 05 
 
 50,377 62 
 
 1887 
 
 18,386,103 75 
 
 6,875,810 00 
 
 22,934 49 
 
 40,340 12 
 
 42,334 92 
 
 37.447 35 
 
 1888 
 
 17,418,510 76 
 
 7,793,183 00 
 
 21,072 73 
 
 37.279 52 
 
 41,669 64 
 
 36,447 85 
 
 1889 
 
 17,655,256 03 
 
 7,212,208 00 
 
 19,688 27 
 
 39.306 29 
 
 39,306 29 
 
 41,320 59 
 
OlSTKESSEL) 
 INEKS. 
 
 
 Expenditure. 
 
 
 $ cls. 
 
 
 ^•6,987 64 
 
 
 27,029 34 
 
 
 28,971 22 
 
 
 38,947 60 
 
 
 41,016 43 
 
 
 59.778 90 
 
 
 50,684 76 
 
 
 48,828 49 
 
 
 Si. 647 94 
 
 
 43,780 90 
 
 
 42,729 36 
 
 
 42,160 91 
 
 
 40.667 52 
 
 
 39.359 11 
 
 
 36,249 65 
 
 
 39.553 58 
 
 
 44.501 57 
 
 
 50,377 62 
 
 
 37.447 35 
 
 t 
 
 36,447 85 
 
 ) 
 
 41,320 59 
 
 Department of Marine. 
 
 281 
 
 Kistal 
 
 Year t'Mtl- 
 
 i"K 3ulh 
 
 June. 
 
 1868 
 1869 
 1870 
 187I 
 1872 
 
 1873 
 
 1874 
 
 1875 
 1876 
 
 1877 
 1878 
 1879 
 1880 
 1881 
 1882 
 1883 
 1884 
 
 1885 
 
 1886 
 1887 
 1888 
 18S9 
 
 Inland and 
 
 Coasting 
 
 Ccl'tilicales. 
 
 Receipts. 
 
 $ Cts. 
 
 1,34400 
 4,963 00 
 
 2,995 00 
 
 2,71500 
 2,021 87 
 
 1,740 50 
 1,296 50 
 
 1.334 50 
 1,54700 
 
 1.333 50 
 1,152 50 
 1,314 00 
 9.437 50 
 
 2,897 00 
 
 2,152 00 
 2,172 c» 
 3,220 So 
 2,202 00 
 
 Kxi)endi- 
 til re. 
 
 $ Cts. 
 
 1,41045 
 4.3'2 07 
 
 6,466 18 
 
 4,520 19 
 
 5,696 62 
 4,672 08 
 
 4,050 00 
 
 4.2.19 76 
 4,250 12 
 
 4.253 43 
 3,888 4 
 
 3.9<'5 >9 
 4,021 20 
 
 3.909 59 
 
 4.324 15 
 
 5.245 
 4.855 98 
 5,oi)0 96 
 4,381 04 
 
 DlirART.MENT IlK MARINE. 
 
 Revenue 
 
 $ Cts. 
 71,811 08 
 
 75.351 25 
 71,490 06 
 70,254 12 
 79.324 18 
 
 144,756 19 
 
 108,349 57 
 
 91.23534 
 107,984 42 
 
 105,906 53 
 100,850 69 
 84,14365 
 91,941 68 
 108,304 49 
 109,12477 
 104,382 83 
 118,079 60 
 
 101,267 71 
 
 91,884 69 
 
 102,238 14 
 
 99,920 18 
 
 99.939 Si 
 
 ,138,5409s 
 
 Kxpenditure. 
 
 $ Cts. 
 371,07056 
 360,899 90 
 367,129 II 
 389.537 12 
 518,95849 
 
 706,817 92 
 845.15909 
 
 844,58609 
 979,14627 
 
 820,054 38 
 786,15623 
 
 755.359 47 
 
 723.360 89 
 761,730 62 
 
 774.831 53 
 824,910 82 
 927,241 61 
 
 1,029,901 14 
 
 973.360 13 
 
 917.557 31 
 
 883,250 85 
 
 1,023,801 34 
 
 ii>. 584,820 87 
 
 Remarks. 
 
 The Department assumed the building of lights 
 and fog wliistles formerly constructed by the 
 l'ul)lic Wiirlis ; over $80,000 was spent. 
 K. Island and liritisli Columbia entered Con- 
 federation which increased maintenance of lights 
 $85,000, and construction $55,000. 
 
 The Meteorological .Service was started, steam 
 communication between 1'. E. Island and an 
 increase of $20,000 in Marine Hospitals. 
 
 $20,000 was jiaid for steamer Gleiidon, and $64,- 
 997.23 for Newfield with increase in VVater 
 Police and Steamboat Inspection. 
 
 $56,000 was paid for Princess Louise and the 
 
 survey Ceorgian Hay was started. 
 Hudson Hay expedition, $71,000, and steamer 
 
 I.ansdowne, $47,000. 
 
 Steamer Stanley, $143,595.60. 
 
 Stofunbotvt Itispoctitm iuid Cortiti- 
 Cfitcs to Eiigiiioor.s. 
 
 Wrecks and Casualties. 
 
 Cieorgian 
 Bay Surv'y. 
 
 Year. 
 
 Receipts. 
 
 Expenditure. 
 
 Casualties. 
 
 Toiitiage. 
 
 Lives Lost. 
 
 1 )aniage. 
 
 Expenditure, 
 
 1870 
 
 1S71 
 
 $ Cts. 
 12,521 29 
 10,309 96 
 11,710 43 
 
 15.412 75 
 15,603 19 
 15,011 90 
 13,811 24 
 15.858 42 
 12,431 25 
 12,331 16 
 15,424 02 
 16,905 49 
 15.277 78 
 12.577 36 
 15.371 79 
 13,343 w 
 
 14,087 76 
 
 12,701 20 
 12,550 14 
 12,576 18 
 
 $ Cts. 
 7,399 18 
 8,321 00 
 8,500 00 
 
 11,205 54 
 10,291 5S 
 12,199 81 
 13,081 86 
 12,073 01 
 13,228 28 
 13,076 40 
 
 1 "1,854 34 
 12,211 65 
 
 14,835 97 
 16,209 02 
 
 21,893 28 
 i^,^i5 04 
 21.775 57 
 22,837 80 
 
 21,430 45 
 22,313 03 
 
 335 
 274 
 290 
 
 350 
 308 
 2 So 
 452 
 468 
 414 
 533 
 445 
 440 
 401 
 366 
 324 
 346 
 377 
 335 
 319 
 178 
 
 82,808 
 81,035 
 99,109 
 
 99,523 
 106,682 
 
 99,427 
 153,368 
 177.896 
 161,700 
 198.364 
 1 79,993 
 210,719 
 
 193,655 
 158,826 
 1 10.741 
 
 210 
 81 
 237 
 813 
 109 
 
 78 
 404 
 
 153 
 
 187 
 
 339 
 217 
 399 
 271 
 
 259 
 
 $ 
 901,000 
 2,100,000 
 2,507,3,58 
 2,844,133 
 2,029,965 
 2,468,521 
 
 2,942,955 
 3.952.582 
 
 3.445.875 
 4.119.233 
 
 3,82o,()52 
 4.992.423 
 3.138.423 
 2,029,752 
 2.065,321 
 2.7S3."67 
 1.950.799 
 1,602,088 
 1 , 1 26, 1 24 
 986,4)9 
 
 $ 
 
 
 1872 
 
 
 187? 
 
 
 1874 
 
 ! 
 
 1871; 
 
 i 
 
 1876 
 
 1 
 
 1877 
 
 1878 
 
 1879 
 
 i 
 
 
 
 1880 
 
 
 1881 
 
 
 1882 
 
 
 1883 
 
 ! 7781 
 
 ; 26,745 54 
 
 ! 2o,4:;4 08 
 
 i 17.759 .36 
 
 21,592 55 
 
 i9,4t,S 13 
 
 17,808 46 
 
 I.S84 
 
 1885 
 
 1886 
 
 144,726 1 19S 
 
 150,277 i CJ. 
 
 1887 
 
 149,395 
 
 105,060 
 
 07,784 
 
 91 
 
 52 
 
 109 
 
 18S8 
 
 1889 
 
 HI 
 
 irP 
 
 :' ! (!! 
 
 35 
 
282 
 
 SiiiPPiNO Statistics (»r Canada. 
 
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 SmrriNo STATisrifs of Canada. 
 
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284 
 
 Siiii'iMNd Statistics of Mauitime States. 
 
 Statement slKiwiiijf tlie Toniiaw ot' mcli of the Maritimo Stiitt's 
 Wdi'ld, C()nii)ile(l from tlie lii'-portoii-c Oi'iic'ral for l)S.Sf)-()0. 
 
 of tl 
 
 le 
 
 Nationality, 
 
 Brilisli, incliidint; Canada and llii' 
 
 Colonics 
 
 American 
 
 Norwegian 
 
 Cicrman 
 
 Canadian (1,040,481) 
 
 Italian 
 
 French 
 
 Russian 
 
 Spanish 
 
 Swedish 
 
 Dulch 
 
 Greek 
 
 Danish 
 
 Austrian 
 
 Turkish 
 
 Brazilian 
 
 Jajiancsc 
 
 Chilian 
 
 l'i)rliit;ucsc ... 
 
 Belfjian 
 
 Arf^enliiie. ... 
 
 Chinese 
 
 I'eruvian .... 
 Hawaiian .... 
 
 Ejjyptian 
 
 Uruguay 
 
 Mexican 
 
 Nicaraguan . . 
 
 Ilaytian 
 
 .Siamese 
 
 Zanzibar 
 
 Roumanian . 
 (juatemala . . . 
 
 liolivian 
 
 Venezuelan. . . 
 
 Ecuador 
 
 San Salvador. 
 
 Tunisian 
 
 Colombian. . , . 
 Costa Rica. . . 
 San Doiuingo. 
 
 Liberian 
 
 I'ersian 
 
 Montencgran . 
 
 E()ualor 
 
 Tahitian 
 
 Jerusalem . . . 
 Unknown. . . . 
 
 Steaiiiers. 
 
 5.9J4 
 446 
 
 346 
 670 
 
 213 
 
 5'S 
 237 
 3S6 
 
 455 
 176 
 
 70 
 203 
 128 
 
 38 
 130 
 141 
 
 39 
 35 
 91 
 59 
 29 
 8 
 20 
 
 31 
 16 
 II 
 
 (irons 
 TiiiuiaKc (tf 
 Stc.'iincrs. 
 
 7,629.300 
 548,186 
 195.972 
 
 777.«53 
 
 291,782 
 75<''.'83 
 '74.234 
 416,885 
 170,384 
 
 2IO,2J5 
 
 63,909 
 
 146,226 
 
 150.285 
 
 37. "83 
 
 70,812 
 
 116,567 
 
 37.320 
 
 39,639 
 
 94.4.50 
 
 25.174 
 
 39.490 
 
 8,628 
 
 16,073 
 
 31.284 
 
 7,896 
 
 5.124 
 
 Nut 
 'ronua^c of 
 SiL'.'imLTs. 
 
 4,820,077 
 
 3f<i.>3S 
 
 141.753 
 552,691 
 
 5.H9 
 
 547 
 9.652 
 4,158 
 
 2.673 
 
 Total . 
 
 10,469 
 
 1,762 
 
 719 
 167 
 
 838 
 329 
 
 297 
 
 12,087,335 
 
 184,620 
 492,989 
 
 i'4.o.y 
 
 270,802 
 125,697 
 140,834 
 
 .59.''76 
 97.659 
 97,116 
 
 23.509 
 45.9" 
 73,008 
 24,808 
 
 25.239 
 68,237 
 
 15.023 
 26,487 
 
 5.507 
 9.927 
 19,800 
 4,624 
 3.395 
 
 Sailing 
 Vus«;ls. 
 
 12,053 
 5.339 
 
 3.4S<> 
 
 1.945 
 
 Net Tonnage 
 
 of .Sailing 
 Vessels. 
 
 3.037 
 351 
 
 6,042 
 
 2,667 
 
 .553 
 
 1,204 
 
 425 
 103 
 
 579 
 249 
 
 137 
 
 7,820,907 
 
 2,462 
 2,030 
 
 2.134 
 
 1.370 
 
 1,819 
 
 860 
 
 1.4.50 
 
 898 
 
 350 
 
 486 
 
 271 
 
 107 
 
 '47 
 
 332 
 
 13 
 102 
 
 4 
 36 
 47 
 
 37 
 49 
 24 
 22 
 
 IS 
 
 •9 
 16 
 
 5 
 
 13 
 4 
 
 4 
 
 2 
 
 7 
 2 
 
 5 
 3 
 
 3,915,60s 
 
 1.777.576 
 
 1.339.584 
 
 719,082 
 
 678,361 
 
 334.749 
 
 454.500 
 
 255.700 
 
 371.371 
 
 234.827 
 
 292,742 
 
 "43.3.?6 
 
 127.873 
 
 84.531 
 
 58.130 
 
 28,270 
 
 73.034 
 72,051 
 
 5.093 
 27,962 
 
 1.295 
 21.419 
 14,614 
 
 10,398 
 
 7.728 
 
 10,430 
 
 4.633 
 
 6,544 
 
 3.354 
 4,728 
 
 3.992 
 2,287 
 
 i,73« 
 
 1,453 
 
 130 
 
 1,334 
 551 
 854 
 916 
 
 412 
 
 209 
 293 
 599 
 
 Total Net 
 't'oniiaj..:. 
 
 8.735.6K5 
 2.1.58,714 
 
 1.481,337 
 1,271,773 
 
 37,955 
 
 11,095,284 
 
 862,981 
 827.738 
 568,533 
 526,502 
 497,068 
 375.661 
 332,418 
 240,995 
 224,989 
 108,040 
 104,041 
 101,278 
 97,842 
 97.290 
 73.330 
 
 42.985 
 27,782 
 26,926 
 
 24.541 
 
 ig,8oo 
 
 15,022 
 
 12,123 
 
 10,430 
 
 7.670 
 
 6,895 
 
 6,042 
 
 6,021 
 
 4,728 
 
 3.992 
 
 3,840 
 
 1,731 
 
 1,453 
 
 1,334 
 
 1.334 
 
 976 
 
 957 
 916 
 
 579 
 412 
 249 
 209 
 
 293 
 736 
 
 18,916,191 
 
es of tlio 
 
 Tiilal Net 
 'roTinaKc 
 
 s 
 
 8,735.685 
 
 f) 
 
 2,158,714 
 
 4 
 
 i,4«i,337 
 
 2 
 
 1,271,773 
 
 I 
 
 862,981 
 
 ') 
 
 827,738 
 
 O 
 
 5^'8,533 
 
 o 
 
 5-(>,S"2 
 
 I 
 
 497,068 
 
 7 
 
 375,661 
 
 2 
 
 33^418 
 
 6 
 
 240,995 
 
 3 
 
 224,989 
 
 * 
 
 108,040 
 
 o 
 
 104,041 
 
 o 
 
 101,278 
 
 i4 
 
 97,842 
 
 >i 
 
 97,290 
 
 n 
 
 73,330 
 
 12 
 
 42,985 
 
 IS 
 
 27,782 
 
 19 
 
 26,926 
 
 14 
 
 24,541 
 
 
 19,800 
 
 98 
 
 15,022 
 
 28 
 
 12,123 
 
 ^0 
 
 10,430 
 
 ^^ 
 
 7,670 
 
 44 
 
 6,895 
 
 
 6,042 
 
 S4 
 
 6,021 
 
 28 
 
 4,728 
 
 02 
 
 3,992 
 
 87 
 
 3,840 
 
 31 
 
 1,731 
 
 53 
 
 1.453 
 
 30 
 
 1,334 
 
 .34 
 
 1,334 
 
 ,■;! 
 
 976 
 
 <S4 
 
 957 
 
 )l6 
 
 916 
 
 
 579 
 
 412 
 
 412 
 
 
 249 
 
 209 
 
 209 
 
 2Q? 
 
 293 
 
 599 
 
 736 
 
 284 
 
 \ 18,916,191 
 
 Department oi' Annicui/niRE. 
 
 285 
 
 .Statement of i\w buHiiiess of tho Depiirtment each Year from 1H07 to 1 SHO. 
 
 Year. 
 
 1867. 
 1868. 
 1869. 
 1870. 
 I87I. 
 1872. 
 
 1873. 
 1874. 
 1875. 
 
 1876. 
 1877. 
 1878. 
 1879. 
 1880. 
 I8SI. 
 1882. 
 
 1883. 
 1884, 
 1885. 
 
 1886. 
 1887, 
 1888, 
 1889 
 
 I.etteers 
 Kcccivud, 
 
 7,571 
 8,696 
 9,516 
 
 11,442 
 18,416 
 20,271 
 22,216 
 17,970 
 
 i5,('23 
 16,562 
 21,796 
 19,815 
 27.259 
 24,210 
 
 35,372 
 37,370 
 37,048 
 62,932 
 96,764 
 
 46,139 
 43,620 
 
 37,873 
 38,265 
 
 I.t-'ttcrs 
 Sunt. 
 
 10,679 
 10,299 
 
 13.654 
 20,078 
 
 21,709 
 
 3o,3f'i 
 31,786 
 22,673 
 17,927 
 18,512 
 
 30,079 
 28,429 
 22,419 
 30,988 
 40,826 
 45.032 
 45,674 
 49.471 
 58.075 
 72.147 
 49,465 
 56,233 
 80,766 
 
 No. of cases of 
 
 I'atenfi, Copy- 
 
 liulils, Trade 
 
 Marks, fic. 
 
 840 
 
 643 
 
 965 
 
 1,110 
 
 2,03s 
 2,215 
 
 3.204 
 3.072 
 4.923 
 4-389 
 4,271 
 
 4,159 
 4,190 
 
 4,474 
 5,271 
 6,070 
 
 7,391 
 7,726 
 
 8.538 
 9.346 
 9.543 
 7.948 
 9,649 
 
 Total Niimher of 
 linnii^r.'intH 
 
 and Imnii^r.-int 
 I'assL'n^;crs. 
 
 Statement of Patent OtHce Fees, &c. 
 
 Year. 
 
 1884 
 1885 
 1886 
 1887 
 1888 
 1889 
 
 Patents. 
 
 $ Cts. 
 
 Assignments. 
 
 $ Cts. 
 
 58,524 Zi 
 
 2.471 07 
 
 57,777 31 
 
 2,225 63 
 
 62,263 45 
 
 2,693 50 
 
 62,924 44 
 
 2,71588 
 
 60,436 78 
 
 2,562 22 
 
 72.411 30 
 
 3,027 90 
 
 Caveats. 
 
 $ ct.s. 
 
 1,198 60 
 1,226 65 
 
 1,054 11 
 
 1 , 1 69 50 
 
 1,25740 
 1,20547 
 
 Copies. 
 
 $ 
 
 cts. 
 
 89825 
 895 89 
 
 1,047 90 
 
 1,044 31 
 
 971 98 
 
 1,267 60 
 
 Sundries. 
 
 ; cts. 
 
 165 22 
 5075 
 9491 
 8608 
 
 1813 
 13445 
 
 57,873 
 71,448 
 
 74.365 
 69,019 
 65,722 
 89,186 
 
 99.109 
 80,022 
 43.458 
 36.549 
 35.285 
 40,032 
 61,052 
 85,850 
 117,016 
 193,150 
 206,898 
 166,596 
 105,096 
 122,581 
 175.579 
 174.474 
 176,462 
 
 Tot.-il. 
 
 $ 
 
 Cts. 
 
 63.257 47 
 62,176 23 
 
 67.15387 
 67,940 21 
 65,246 51 
 78,046 72 
 
2M(i 
 
 Dei'ahtment oi' Aoiucri/rruE. 
 
 Statkmknt i)\[ tli»> l)UHii)('.sH of the Patent Otiicc tVoiii tlic Vi'iir IH72. 
 
 Year. 
 
 1872. 
 
 1873. 
 1874. 
 
 1875. 
 1876. 
 
 1877. 
 1878. 
 
 1879. 
 1880. 
 1881. 
 1882. 
 1883. 
 1884. 
 1885. 
 1886. 
 1S87. 
 1888. 
 1889. 
 
 ApiilicntloiiH 
 
 fur 
 
 I'atuiits. 
 
 752 
 124 
 
 .376 
 ,4'8 
 
 MS 
 .42S 
 
 .35S 
 
 l,()OI 
 
 .955 
 
 ,26() 
 .641 
 68 1 
 .518 
 .77f' 
 ,874 
 .747 
 79 
 
 PaTHNTS and C'HKlll'CC.MUS (IkAN IHIl 
 
 I'alclll'.. 
 
 671 
 
 I,OI6 
 1,218 
 1,266 
 
 1.337 
 1.277 
 1,172 
 
 '."37 
 1,252 
 
 l,.S4() 
 2,17s 
 2,45'' 
 2.233 
 2,6 [() 
 
 2,59C> 
 2.257 
 2,725 
 
 CtTlilicalcs. 
 
 10 
 27 
 57 
 46 
 
 75 
 
 96 
 
 101 
 
 '56 
 222 
 
 291 
 
 2<)l 
 167 
 214 
 250 
 
 254 
 282 
 
 35f> 
 
 'I'.itiil'.. 
 
 671 
 1 ,026 
 1.245 
 ".323 
 
 1.352 
 
 l,2(.S 
 1. 23'^ 
 
 1,408 
 
 1.732 
 2.137 
 
 2,4()9 
 2.623 
 
 2.447 
 2,860 
 2.850 
 
 2.539 
 2,081 
 
 C'avcals 
 
 184 
 
 '7' 
 200 
 
 "94 
 ISS 
 16S 
 172 
 205 
 227 
 226 
 198 
 242 
 
 23« 
 
 222 
 187 
 219 
 240 
 221 
 
 AssRIlUHMlts 
 l.f 
 
 l'aleiit». 
 
 327 
 547 
 711 
 791 
 761 
 841 
 8.52 
 728 
 
 855 
 907 
 
 955 
 1,052 
 1,172 
 
 1.075 
 1.322 
 
 1.335 
 1.159 
 1.437 
 
 Fe«s 
 
 Kci:<:ivcil, 
 
 ill! lulling 
 
 I >(:H)ut)s 
 
 anil '1 radc 
 
 Marks. 
 
 $ Cts. 
 
 19.578 ('5 
 2<),8jo 14 
 
 34.301 98 
 34.555 82 
 
 3".i87 6j 
 35,388 00 
 
 33.<><'>3 '■'7 
 33,303 60 
 
 42.141 14 
 52,856 65 
 6(1,8 1 1 19 
 73,023 20 
 C>9.53o69 
 69,075 21 
 73.949 29 
 76,132 74 
 74.508 J/ 
 87,158';.- 
 
 Total Export 'Pradc of Cattle iVoiii the Doiiiiiiioii, iiiehidiii",' Catth- hrouglit 
 in for Export .since 1<S74. 'rakcii from the Truih' and Naviijfation Reports. 
 
 I • 
 
 Year. 
 
 1874 
 1875 
 1876 
 
 1877 
 1878 
 
 1879 
 1880 
 1881 
 1882 
 1883 
 1 884 
 1885 
 1886 
 1887 
 1888 
 1889 
 
 Number, 
 
 5.399 
 4.382 
 
 4.299 
 8.306 
 
 14.179 
 16,629 
 
 21,393 
 21,998 
 20,920 
 
 13.019 
 11,505 
 12,310 
 16,951 
 19,081 
 20,397 
 17.767 
 
 4CS. 
 
 Cattia, 
 
 Sheep. 
 
 Value. 
 
 Ninnher. 
 
 Value. 
 
 Number. 
 
 Value. 
 
 $ 
 
 
 $ 
 
 
 $ 
 
 570.544 
 
 39.623 
 
 951.269 
 
 252,081 
 
 702,564 
 
 460,672 
 
 38.968 
 
 823,522 
 
 242.438 
 
 637,561 
 
 442.338 
 
 25.357 
 
 601,448 
 
 141.187 
 
 505.538 
 
 779.222 
 
 22,656 
 
 715.750 
 
 269,899 
 
 583,020 
 
 1,273.728 
 
 29.915 
 
 1.152.334 
 
 242,989 
 
 699.337 
 
 1,376.794 
 
 46,569 
 
 2,096,696 
 
 308,093 
 
 988,045 
 
 1,880,379 
 
 54.914 
 
 2,764.437 
 
 398,746 
 
 1,422,830 
 
 2,094,037 
 
 63.277 
 
 3.461,871 
 
 354.155 
 
 1. 372.127 
 
 2.326,637 
 
 62,106 
 
 2,256,330 
 
 311.669 
 
 1,228,957 
 
 1.633,291 
 
 66,396 
 
 ?, 898,028 
 
 308,474 
 
 1,388,056 
 
 1,617,829 
 
 89,263 
 
 5,681,082 
 
 304,403 
 
 1,544,005 
 
 1,640,506 
 
 144.441 
 
 7.508,043 
 
 335. 2"7 
 
 1,264,811 
 
 2,232,623 
 
 92,661 
 
 5.916.55I 
 
 359.488 
 
 1,184,106 
 
 2,350.926 
 
 116,490 
 
 6,521,320 
 
 443.628 
 
 1.595,350 
 
 2.458,231 
 
 100,747 
 
 5,012,713 
 
 395.074 
 
 1,276,046 
 
 2,170,722 
 
 102,919 
 
 5.708,126 
 
 360,131 
 
 1,263,125 
 
IH72. 
 
 Kui uivvil, 
 
 iiicluiliriv; 
 
 l)i;sij;n» 
 
 nnil 'iriidc 
 
 Markn. 
 
 $ 
 
 els. 
 
 19,57865 
 
 2i),8jo 14 
 
 34.555 S2 
 3", 187 63 
 
 35,388 00 
 
 33.iil'>i ^'7 
 .vio"3 (>o 
 ).;,i4i 14 
 52,850 65 
 (i(),8ii 19 
 73.023 20 
 (,9,53(369 
 69,075 21 
 73.949 29 
 76,132 74 
 74.508 ,j 
 87,ii;8.';.' 
 
 ,lc Ill-ought 
 Rcpoi'ts. 
 
 eep. 
 
 Value, 
 
 $ 
 
 702,564 
 
 637.561 
 
 505.538 
 583,020 
 
 699.337 
 988,045 
 1,422,830 
 1.372,127 
 1.228,957 
 1,388,056 
 1,544,005 
 1,264,81 1 
 1,184,106 
 
 1.595.350 
 1,276,046 
 1,263,125 
 
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 4S 
 
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 vo 0^0X t^ rf xrMT) in\0 ^o ^ ^ ^ »0 
 
 o^^M NCC30CO focn m'O CO N o^"^»no^c^o^Occ>D ON 
 
 " ^0rnpO0s»^'^000v0^f>»*^ONrfONt0 
 
 r-^ r^ Tt I/-, PI ■* 'i-'O sO 
 C5 »o I'N ri -+ t^o .0 Cn u% 
 
 -00 
 
 r^ "^ t^ in r _ 
 
 O^ O 00 O 'nyj O »n O 
 ^r->.vO N >n On •-• «n rn O* 
 
 ifi- 
 
 inO r^-ONN »nGNN ^vOCO Cn'T^«- «o ^O "-■ cn 0\X) 
 
 - ■ ■ - \5 vo^o^OMv^^5\0 't-'r-rminu^ininin^tj-^tf 
 
 ^O 
 
 <^ 
 
 O foCN«oo »o*f-t'''ir^ m-o o^ o\ fi on^o m 00 
 
 — CO o 1- P* "-» 
 
 . ^ ON m (^ vo ^<^ 
 
 — "-»r>.00N'-'O>nMh>.r'*i-o 't'O n «-• n 
 0> "-• vo » OnjO O i^inyD O " I-.W -toco «-< 0\ 
 mao 'O r^ »n o^ »n f*^^ u^ f. -. i-i ■- r*^ in on m pj 
 
 -T « rno -O r^co co'co 00 d\ S O Q d O O "•" •^'' 
 
 N^MiMMMM*-ii-4Hi4M)MMMr4MC4r4C4N 
 
 o\»nONrt*''oONt'*roQ o •-'i^.M "-t m hn m r* ONinN m n 
 
 ^ -t '•000 OMnt^oovO 'n— Ococo *tO mp* on--* c'^on 
 
 w- 
 
 t-^ ONCO >3 QN >nco t-% (-^ rn'y> O -t >n>o »nco in O 
 'f-yz 'OO ON jQ Cn I-* O r^ O >n 1^ « -o r^ -t '■'ivo 
 On *- f n O rn O wN'^ CO " -tco — rn O PI "" " " 
 
 •^ 0> t^ 'n 
 
 - - - CO ^ in f n 
 
 CO vO ("n ■^ ■-> CO On 
 
 pjrocnMvOOO Ot^O O ONO^-^ i-ic*vn »no CO ^ CO 00 
 M PI PI PI PI n f') ro PI ro fO M N m rn PO fO m r^ rrj rn ro PO 
 
 t3 
 
 u 
 
 CnCO — On fO PI — 00 ("OCO N r*^ P* P4 O -I" PI \0 »n 
 On ON Tf- O^ Cn PI vD f-CO « -f nO O CO "^ PI in On in 
 
 ^ fN, ON ■-• O •- in fo ^t in >n r^ ON 't ^n-y:> rr^ rr^y^ 
 ^ y: 0_'X) I ^ in PI O '^ "I" "t o i^ CO -^ vO '::' '■n on ■^ f-^ o ^5 
 
 PI LTi in *i- r-. >n CN 
 
 *t pr rC oi cK o" gi 
 ts,co « •-• N *t»o 
 
 O On in I--, ri r^ On fOOO O CO m Pi O 0\ on 
 
 noN30 PI NO ■- dio'-^criocoinrf'O-f 
 
 3 ON <-■•-••-•>- •- inoo r^ o o "* ''O invo 
 
 — PI PI NP*p< PI PiPiPnrnpofOfOrn 
 
 r^co ON o *■ PI ("n -t inNO t^co On o '-' n '•n ^t in^o r>.co on 
 vOOO r^r^r^r>.t-^r-»r>.i'Ni->. t^^X) cocococococooococo 
 
 OOOOOOCOOOOOOQQOCOCOOOOOCOOOCOCOCOCOOOCOCOCOOO 
 
Depautment ok Inland Revenue. 
 
 289 
 
 Uetukn of Mimufiictiirt'K for tlu( Ymr I'lidtMl :{()tli .Fimc, INM!). 
 
 
 (iKAIN, BIC, t'SICI> KOH iMsril I.ATION. 
 
 a c 
 
 Divinluiiii. 
 
 Mall. 
 
 Indian Cum. 
 
 Kyc. 
 
 WllMt. 
 
 0»ii. 
 
 Barley. 
 M)s. 
 
 
 
 1^ 
 
 Belleville, Ont.,.. 
 
 Guelph, Ont 
 
 Hamilton, Ont . . . 
 
 Perth, Ont 
 
 Trcscoli, Ont 
 
 Toronto, Ont 
 
 Windsor, Ont 
 
 Halifax, N..S 
 
 I, Us. 
 
 105,640 
 187,200 
 130,226 
 J 10,708 
 526,558 
 1,505,680 
 1.555.906 
 
 537,113 
 
 I.l.s. 
 2,000,100 
 3.628,800 
 2,507,920 
 
 M.S. 
 570,015 
 92 1 ,600 
 418,071 
 
 M.S. 
 32.047 
 
 I.l.s. 
 
 23,845 
 100,800 
 
 37,276 
 
 Ll)s. 
 
 1,1 >s. 
 2.699,600 
 
 
 
 4,838.400 
 
 
 
 3,125,540 
 
 
 
 310,708 
 
 7,019,160 
 
 33.695.550 
 
 26,739,395 
 2,075,700 
 
 1,143,602 
 
 6,532,390 
 
 5,276,289 
 
 144.950 
 
 240 
 66,8or 
 
 87,970 
 530,840 
 444,800 
 
 59,750 
 
 
 
 8,777.290 
 
 
 
 42.264,700 
 
 
 
 34,083,190 
 
 56,000 
 
 
 2.873.513 
 
 Totals 
 
 4.859.031 
 
 77,666,625 
 
 15,006,917 
 
 99,087 
 
 1.285,281 
 
 56.000 
 
 
 98,972,941 
 
 
 Licenses 
 
 Rev, ... 
 Divisions. 
 
 — 
 
 
 
 
 d 
 •A 
 
 i 
 $ 
 
 Belleville, Ont. 
 
 1 
 
 250 
 
 Oiiclph, Ont . 
 
 I 
 
 250 
 
 1 lamilloii, Onl 
 
 I 
 
 250 
 
 Perth, Ont.. . . 
 
 2 
 
 500 
 
 I'rcscolt, Ont . 
 
 I 
 
 250 
 
 T.iroiUo, Onl.. 
 
 2 
 
 500 
 
 Windsor, Onl 
 
 3 
 
 625 
 
 Halifax, N.S. . 
 
 • 
 
 250 
 
 ToUili 
 
 12 
 
 2,875 
 
 1 
 
 Prouf Spirits 
 
 Manufactiimil at 
 
 $i.jo. $i.i-'aiia$i.jj 
 
 pet j^allori. 
 
 Assessments to 
 Iitin^t pro(Iut;lii>n 
 lip to Staiidanl. 
 
 Ci.illons. 
 
 159,86095 
 
 280,563-56 
 
 175,050-24 
 
 15,301-14 
 
 473.097 '35 
 
 2.547.589-67 
 
 2,049.193-83 
 
 146,851-66 
 
 5,847,508-40 
 
 $ els 
 
 207,819 24 
 
 364,732 60 
 
 227,565 31 
 20,197 50 
 
 615,02654 
 3,211,86654 
 2,663.951 95 
 
 194,844 18 
 
 7,506,003 86 
 
 Gal'ns. 
 
 82 -47 
 
 62 63 
 
 $ cts. 
 
 1 08 S7 
 
 145' 10 
 
 81 42 
 
 190 29 
 
 Total. 
 
 (lallons. 
 
 159,860-95 
 
 280,563-56 
 
 175,050-24 
 
 15,383 '61 
 
 473.097'3S 
 
 2,547. 589-67 
 
 2,049,256-56 
 
 146,851-66 
 
 5.847.653-50 
 
 $ .-1 
 
 207,819 24 
 364,732 60 
 227,565 31 
 
 2o,3c(' 37 
 
 615,026 54 
 
 3,211,86654 
 
 2,664,033 37 
 
 194,844 iS 
 
 Duty 
 
 Collecteil 
 on AsseRS- 
 
 mciils j 
 
 DefiLichcies, 
 
 .111(1 on 
 
 l.it.crtse 
 
 Kces. 
 
 $ CIS. 
 
 1,65643 
 
 4,021 91 
 
 2,368 34 
 
 7S7 II 
 
 7.202 45 
 
 500 00 
 
 97041 
 
 1,62465 
 
 ■m 
 
 7,506,194 i5| 19,131 30 
 
 36 
 
ii I) 
 
 m 
 
 Dei'.vrtment of Inland Revenue. 
 
 Comparative Statement of Spirits iniinufactured during tlie Years ended 30th 
 
 June, 1888 and 1889. 
 
 
 
 ( 
 
 KAIN, ItTC, fSKD FOR UlSTILI.ATlON. 
 
 used for 
 on. 
 
 Province,-.. 
 
 Mall. 
 
 llHli.^n Corn. 
 
 Rye. 
 
 Wh'Mt. 
 
 Oats. 
 
 liarlcy. 
 
 Molasses. 
 
 3 
 
 1888. 
 
 Ontario 
 
 Nova .Scotia . . 
 
 I,I)S. 
 
 4>213.044 
 393.500 
 
 Lbs. 
 
 72,567,691 
 1,718,036 
 
 Lbs. 
 11,530,004 
 92,000 
 
 Lbs. 
 2,255,241 
 1.568 
 
 Lbs. 
 
 1.274.307 
 106,582 
 
 Lbs. 
 
 85.693 
 6,200 
 
 Lbs. 
 90,499 
 
 Lbs. 
 91,925,980 
 2,317,886 
 
 Totals.... 
 
 4,606,544 
 
 74,285,727 
 
 11,622,004 
 
 2,256,809 
 
 1,380,889 
 
 91,893 
 
 90,499 
 
 94,243,866 
 
 1889. 
 
 t)ntario 
 
 4,321,918 
 537."3 
 
 4.859.031 
 
 75.590,925 
 2,075,700 
 
 77,066,625 
 
 14,861,967 
 144,950 
 
 15,006,917 
 
 99,087 
 
 1,227,531 
 
 57,750 
 1,285,28! 
 
 
 
 96,099,428 
 2,873.5«3 
 
 Nova .Scotia . . 
 
 56,000 
 
 
 
 99,087 
 
 Totals 
 
 56,000 
 
 
 98,972,941 
 
 Provinces. 
 
 1888. 
 
 Ontario 
 N. Scotia 
 
 Totals 
 
 I.ILKNSES 
 
 $ 
 
 2.375 
 250 
 
 I 2,625 
 
 1889. 
 
 )iUario..!il 
 
 N. Scoti.i! I 
 
 Totals. 12 
 
 2,625 
 250 
 
 2,875 
 
 Proof Spirits 
 
 Manufactured at 
 
 $1.30, $i.j.! and $1.33 
 
 p,;i gallon. 
 
 Gallons. 
 5.392,471 '97 
 
 $ cts. 
 7,010,473 17 
 
 Assessments to 
 brinK productit>n 
 up to .Standard. 
 
 Oallons. 
 697 -69 
 
 122,117-06 161,24935 335'32 
 
 5,514,589-03 
 
 5,700,656-74 
 146,851.66 
 
 5,847,508-40 
 
 7,171,722 52 
 
 7,311.15968 
 194,844 18 
 
 7,506,003 86 
 
 1.033 -01 
 
 145-10 
 
 145-10 
 
 Total. 
 
 $ cts. (jallons 
 
 1 
 
 907 02! 5,393, 1 69 '66 
 
 44262 122,452-38 
 
 1,34964 
 
 190 29 
 
 190 29 
 
 5,515,622-04 
 
 5,700,801 -84 
 146,851-66 
 
 5,847,653'5o 
 
 $ cts 
 7,011,380 19 
 161,691 97 
 
 7,173,072 16 
 
 7,3' 1,349 97 
 194,844 18 
 
 7,506,194 15 
 
 Duty 
 Collected 
 on Assess- 
 ments J 
 Deficiencies, 
 ar.d oil 
 License 
 l''ees. 
 
 $ Cts. 
 
 61,36875 
 
 1,73900 
 
 63,107 75 
 
 17.50665 
 1,62465 
 
 19,131 30 
 
ended 30th 
 
 
 e^. 
 
 Total grain used for 
 Distillation. 
 
 499 
 
 Lbs. 
 91,925,980 
 2,317.886 
 
 499 
 
 94,243,866 
 
 ... 
 
 96,099,428 
 2,873.513 
 
 
 98,972,941 
 
 CIS. 
 
 10 19 
 
 11 97 
 
 <2 16 
 
 J9 97 
 
 14 IS 
 
 ?4 15 
 
 Duty 
 Collected 
 
 on Assess- 
 ments ; 
 Deficiencies, 
 ar.d on 
 License 
 Fees. 
 
 $ Cts. 
 
 61,36875 
 
 1.73900 
 
 63.107 75 
 
 17,50665 
 1,62465 
 
 19.131 30 
 
 Department of Inland Revenue. 
 
 291 
 
 Table showing the Annual ConHuniption per head of the undermentioned 
 ArticUis paying Excise ov Customs Duties in the respective Provinces and ui 
 the Dominion, since Ctmt'ederation. 
 
 1867. 
 
 1868... 
 
 1869... 
 
 1870.. 
 
 1871.. 
 
 1872.. 
 
 1873.. 
 
 1874.. 
 
 1875- • 
 
 1876.. 
 
 1877- ■ 
 
 1878.. 
 
 1879.. 
 
 1880.. 
 
 1881.. 
 
 1882., 
 
 1883. 
 
 1884. 
 
 1885. 
 
 1886. 
 
 1887. 
 
 1888. 
 
 1889. 
 
 Ykars. 
 
 Average . 
 
 Ontario. 
 
 C/2 
 
 Galls. 
 
 pa 
 
 (lulls. 
 
 I '534 
 I 093 
 1-298 
 I 420 
 1-539 
 I 444 
 I 923 
 1-256 
 1-369 
 . 1-019 
 I 002 
 1-404 
 •708 
 ■936 
 I on 
 I 075 
 ■9S7 
 
 I 334 
 -654 
 ■689 
 -580 
 •732 
 
 Galls 
 
 o 
 H 
 
 Lbs. 
 
 QURBF.C. 
 
 2-156 
 2-172 
 
 2 072 
 
 3 758 
 
 3005 
 3-522 
 
 3 379 
 3 ■ 696 
 3 383 
 3-109 
 
 3013 
 3-281 
 
 3 478 
 
 3 548 
 
 4-250 
 
 4 508 
 
 4'519 
 
 3 990 
 4.220 
 
 4555 
 4-856 
 
 4 852 
 
 ■034 
 
 ■055 
 
 •057 
 
 082 
 
 •094 
 -103 
 
 •055 
 065 
 028 
 021 
 -030 
 
 Galls. 
 
 I 596 
 
 1-569 
 
 I 831 
 
 1.626 
 
 2-179 
 
 1-68 
 
 2-079 
 
 1 723 
 
 2 032 
 1-971 
 1-879 
 1-907 
 
 a. 
 •n 
 
 (Jails. 
 
 pa 
 
 Galls. 
 
 -094 
 
 •836 
 
 1-537 
 
 2 388 
 
 1 -690 
 2 -032 
 2-292 
 2-244 
 
 2 325 
 1-842 
 
 020 1 958 
 
 1-136 3(306 
 
 -025 
 029 
 
 -037 
 ■030 
 -028 
 020 
 020 
 022 
 025 
 -044 
 
 2 008 
 
 2-068 
 
 2-183 
 
 2 260 
 
 2-175 
 
 1-502 
 
 1-905 
 
 1-868 
 
 1-912 
 
 1-905 
 
 1-278 
 -801 
 1-247 
 1-377 
 1-540 
 1-541 
 1 -614 
 
 1-215 
 
 1 -262 
 
 1 128 
 
 1 ■ 126 
 
 1 072 
 
 - 869 
 1-150 
 1-248 
 1-380 
 I 271 
 
 1 -211 
 -920 
 
 I 027 
 ■927 
 
 I 080 
 
 o 
 H 
 
 Galls. IJis. 
 
 2-319 
 2- 120 
 
 1 988 
 2 -065 
 2- 172 
 
 2 - 468 
 
 2-273 
 
 2-322 
 
 2212 
 2-108 
 1-872 
 
 1 - 660 
 1-598 
 1-723 
 
 2 004 
 
 1-967 
 2 - 067 
 1-952 
 2 -207 
 2-578 
 2 • 609 
 
 2 544 
 
 1-195 
 
 2-128 
 
 -308 
 -263 
 
 35' 
 
 -354 
 -443 
 -387 
 -478 
 -259 
 ■387 
 -20S 
 -223 
 -230 
 
 -183 
 -236 
 -276 
 
 -304 
 ■265 
 
 ■243 
 -230 
 -225 
 
 -235 
 -236 
 
 Galls. 
 
 1 804 
 
 1 -966 
 2 -692 
 2-588 
 2-879 
 2-524 
 3-414 
 
 2 307 
 2-744 
 2-086 
 1-997 
 1-939 
 1-738 
 2-II8 
 2-279 
 
 2 474 
 3 -224 
 
 3 767 
 3-327 
 2 774 
 2-822 
 
 2-945 
 
 •073 
 -054 
 279 
 -189 
 •501 
 
 -193 
 ■361 
 
 •318 
 -476 
 •288 
 
 ■287 
 
 2-564 
 
 X 
 
 \ HI 
 
 % 
 
292 
 
 Departmeni of Inland REViiNUE. 
 
 Taule sliowing the Aniuiul Coiisuinption pi;r liead of tlic 
 
 in the respective Provinces and in 
 
 NKW liRUNSWKK. 
 
 a 
 
 •■Ti 
 
 Galls 
 
 Galls 
 
 1867 
 1868 
 1869 
 1870 
 1871 
 1872 
 1873 
 1874 
 
 1875 
 1876 
 
 1877 
 1878 
 
 1879 
 
 1880 
 
 188 
 
 1882 
 
 1883 
 
 1884 
 
 1885 
 
 1886 
 
 1887 
 
 188S 
 
 I 
 
 1889 
 
 
 Galls 
 
 Lb' 
 
 (Jalls. 
 
 Nova Scoiia. 
 
 Galls 
 
 « 
 
 Galls. 
 
 Galls 
 
 J3 
 
 o 
 H 
 
 Lbs 
 
 (iails 
 
 I'KiNiE ]'".i)\vARi> Island. 
 
 Galls 
 
 Galls 
 
 
 Galls 
 
 O 
 
 H 
 
 Galls. 
 
 Galls 
 
 I -050 
 
 •S67 
 
 I 074 
 
 I'2I4 
 
 I 254 
 
 1-358 
 
 1-362 
 
 I -057 
 
 -950 
 
 •742 
 
 •886 
 
 •756 
 •590 
 
 ■753 
 •883 
 
 •932 
 -815 
 
 •753 
 •560 
 
 -578 
 
 •515 
 ■605 
 
 •519 
 
 •995 
 •634 
 •613 
 •751 
 •837 
 •708 
 
 •639 
 •636 
 
 •633 
 7S2 
 •646 
 •486 
 •456 
 •649 
 •790 
 •805 
 •859 
 •973 
 •912 
 •927 
 •948 
 
 •736 
 
 •209 
 •071 
 •ic» 
 •128 
 •128 
 
 •151 
 •201 
 •066 
 •087 
 •064 
 •056 
 ■059 
 
 •025 
 
 •044 
 ■049 
 •058 
 
 •056 
 
 •044 
 •044 
 •032 
 •036 
 
 •040 
 
 •080 
 
 2-661 
 i^734 
 =•425 
 2.536 
 2-557 
 2-iSi 
 2-472 
 
 I '794 
 2-405 
 2 -609 
 2-461 
 2-251 
 2-447 
 2-548 
 
 2.517 
 2-627 
 1-792 
 2-130 
 1-646 
 r638 
 1-716 
 I -967 
 
 2232 
 
 -4S0 
 
 •443 
 
 •712 
 
 1-050 
 
 ■747 
 •860 
 -96S 
 
 •950 
 
 -968 
 
 1-092 
 
 -909 
 -742 
 ■692 
 
 •759 
 -827 
 
 •839 
 -92S 
 •689 
 
 •653 
 -659 
 
 ■492 
 •516 
 •430 
 •527 
 
 •539 
 •579 
 •573 
 •536 
 •4('3 
 -441 
 
 ■363 
 -456 
 '619 
 
 -450 
 •825 
 
 •859 
 
 I -08 1 
 
 -986 
 
 •954 
 ■916 
 -811 
 -996 
 
 •794 
 •828 
 -767 
 
 •519 
 -603 
 -690 
 -629 
 -782 
 -772 
 -807 
 •634 
 -S97 
 1-127 
 
 -806 
 
 •193 
 
 -081 
 -118 
 
 ■133 
 
 ■100 
 
 •133 
 -062 
 •077 
 -064 
 -050 
 •058 
 •031 
 -049 
 -062 
 •063 
 -061 
 
 •054 
 -060 
 •032 
 •038 
 -047 
 
 -075 
 
 •143 
 1.895 
 2-128 
 1-830 
 
 2-473 
 I -612 
 2-125 
 1-639 
 2-226 
 1-876 
 
 1-754 
 1-679 
 1-812 
 1-841 
 1-870 
 1-842 
 1-811 
 
 1-985 
 1-416 
 
 1-355 
 I -643 
 1-624 
 
 -480 
 •347 
 -471 
 -581 
 
 •564 
 •629 
 
 •653 
 •755 
 •81s 
 -660 
 
 ••753 
 
 •849 
 748 
 •416 
 -609 
 -425 
 -530 
 •425 
 -410 
 
 ■337 
 -412 
 
 .•551 
 -241 
 •238 
 -197 
 •456 
 
 •932 
 •875 
 -651 
 •S16 
 •S61 
 •381 
 -269 
 •174 
 •209 
 •296 
 
 •330 
 -406 
 -328 
 
 •523 
 •461 
 
 •098 
 -045 
 -025 
 -036 
 •014 
 -019 
 •013 
 •030 
 -009 
 -009 
 -014 
 -021 
 •009 
 -003 
 
 •025 
 
 1-706 
 
 1-588 
 
 I '594 
 I -618 
 
 I 327 
 1-287 
 1.066 
 1-107 
 1-228 
 '•348 
 "•587 
 I -42 1 
 1-462 
 1-467 
 
 •662 
 -717 
 
 1-41S 
 
 .^l 
 
])epautment of Inland Revenue. 
 
 293 
 
 !: 
 
 Iieud of the 
 ticos anil in 
 
 \Ri) Island. 
 
 
 B 
 
 s Galls. 
 
 Calls 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 1706 
 I '588 
 
 •■594 
 I -618 
 
 1-327 
 1-287 
 1.066 
 ri07 
 
 1-228 
 
 1-348 
 1-587 
 I -421 
 1-462 
 1-467 
 
 -66 
 -71 
 
 2 
 7 
 
 I -415 
 
 
 nndcnncntioned Articles paying- Excise or Customs Duties 
 the Dominion, since Confederation. 
 
 Manitoba and 
 North-Wrst Territories. 
 
 Q. 
 75 
 
 (ialls 
 
 PQ 
 
 Calls. 
 
 -726 
 •294 
 
 -533 
 •814 
 
 •813 
 •385 
 767 
 •840 
 -677 
 
 -592 
 •490 
 -456 
 
 •275 
 •609 
 
 •591 
 
 Calls 
 
 1-077 
 -627 
 1-468 
 I -851 
 2-479 
 1-156 
 2-150 
 2-818 
 2 -208 
 1-605 
 1-722 
 1-826 
 1-679 
 3-080 
 
 -a 
 o 
 
 Lbs, 
 
 1-839 
 
 -205 
 -012 
 
 -053 
 •072 
 
 ■053 
 -010 
 -072 
 -094 
 •043 
 •043 
 -040 
 
 •033 
 -034 
 -062 
 •059 
 
 Gals 
 
 British Columbia. 
 
 o. 
 
 Calls. 
 
 V 
 
 pa 
 
 Galls. 
 
 2-582 
 2-275 
 3-676 
 
 4-051 
 4-270 
 1-311 
 2-460 
 2-638 
 
 2-341 
 2-051 
 2-017 
 1-420 
 I -412 
 2-527 
 
 185 
 128 
 
 2 -502 
 
 1-288 
 1-089 
 
 1-397 
 I -819 
 
 I -010 
 
 1-038 
 1-330 
 1-526 
 
 1-459 
 1-750 
 1-633 
 1-563 
 
 I -600 
 
 1-956 
 
 o 
 H 
 
 Calls. 
 
 I -461 
 
 3-478 
 3-196 
 3-422 
 3-349 
 3-187 
 2-699 
 3-211 
 4-080 
 4-863 
 5-192 
 5-471 
 5-858 
 6-744 
 8-122 
 
 4.491 
 
 -430 
 330 
 -454 
 -519 
 -410 
 -417 
 -667 
 -803 
 -860 
 •980 
 
 -899 
 -878 
 
 -395 
 -526 
 
 Calls. 
 
 Gals 
 
 -612 
 
 2-936 
 2-723 
 3-118 
 
 3-389 
 2-132 
 2-886 
 3-491 
 4-464 
 3-896 
 
 2-945 
 2-561 
 
 5-545 
 2-471 
 2-263 
 
 3-201 
 
 Dominion. 
 
 a. 
 
 598 
 754 
 
 pa 
 
 GMls. 
 1-621 
 1-604 
 1-124 
 1-434 
 1-578 
 1-723 
 1-682 
 1-994 
 
 1-394 
 1*204 
 
 -975 
 
 •960 
 
 1-131 
 
 -715 
 
 -922 
 
 1-009 
 
 1-090 
 
 -998 
 
 1-126 
 
 •711 
 
 •746 
 
 -645 
 
 -776 
 
 1-176 
 
 Galls. 
 
 1-973 
 2-269 
 2-290 
 2163 
 2-490 
 2-774 
 3-188 
 3-012 
 3-091 
 
 2-454 
 2.322 
 2-169 
 2-209 
 2-248 
 2-293 
 
 2-747 
 2-882 
 2-924 
 2639 
 2-839 
 3-084 
 
 3-247 
 3-263 
 
 Galls 
 
 ■098 
 
 -174 
 
 -115 
 
 -195 
 
 -259 
 
 -257 
 
 •238 
 
 -288 
 
 •149 
 
 -177 
 
 •096 
 
 -096 
 
 -104 
 
 -077 
 -099 
 •120 
 
 -135 
 -117 
 •109 
 -110 
 
 -095 
 •094 
 
 -097 
 
 o 
 H 
 
 2-633 
 
 Galls. 
 I -815 
 1-738 
 
 1-755 
 2-190 
 2-052 
 2-481 
 1-999 
 2-566 
 
 1-915 
 2-316 
 2-051 
 1-976 
 
 1-954 
 1-936 
 2-035 
 2-150 
 2-280 
 2-476 
 2-623 
 2-052 
 2 062 
 2-093 
 2-153 
 
 -143 
 
 PL, 
 
 Calls. 
 
 -193 
 
 -575 
 
 1-103 
 
 1-591 
 1-302 
 
 1-387 
 i-6i8 
 
 1-589 
 1-360 
 1-103 
 
 2-116 Average. 
 
 11 
 
294 
 
 Department of Inland Revenue. 
 
 Table showing the Revenue per head derived annually since 
 Excise or Customs Duties in the respec- 
 
 'i 
 
 Years. 
 
 1868 
 
 1869 
 
 1870 
 
 1871 
 
 1872 
 
 1873 
 
 1874 
 
 i87S 
 
 1876 
 
 1877 
 
 1878 
 
 1879 
 
 1880 
 
 1881 
 
 1882 
 
 1883 
 
 1884 
 
 i88s 
 
 1886 
 
 1887 
 
 1888 
 
 1889 
 
 Average 
 
 ■c 
 
 ■5. 
 
 $ 
 I 109 
 •841 
 
 ■997 
 I 080 
 I 182 
 1115 
 
 I 507 
 
 I 150 
 
 1-258 
 
 •927 
 
 912 
 
 I 283 
 
 •720 
 
 •961 
 
 I 030 
 
 I 121 
 
 I '008 
 
 1-350 
 
 •869 
 
 •910 
 
 '812 
 
 •983 
 
 I 052 
 
 Ontario. 
 
 
 $ 
 
 ■114 
 
 ■ no 
 
 • lOI 
 ' 122 
 
 135 
 •«S5 
 •154 
 
 • 140 
 
 •132 
 •142 
 ■202 
 ■186 
 121 
 
 ■ 120 
 
 •145 
 •151 
 
 •150 
 ■166 
 
 •39 
 ■147 
 ■166 
 
 •173 
 
 ■144 
 
 014 
 019 
 021 
 •030 
 
 •033 
 •042 
 
 •033 
 •031 
 021 
 012 
 019 
 016 
 021 
 026 
 •031 
 025 
 ■023 
 019 
 017 
 •018 
 •020 
 
 rt 
 
 o 
 H 
 
 023 
 
 $ 
 163 
 
 ■ 169 
 ■209 
 
 ■ 265 
 •368 
 •286 
 ■351 
 •379 
 •443 
 •425 
 
 410 
 
 ■424 
 422 
 
 •437 
 •460 
 
 ■444 
 ■324 
 •322 
 •346 
 ■450 
 •406 
 •469 
 
 •362 
 
 $ 
 
 006 
 061 
 •105 
 •130 
 uo 
 
 •135 
 •154 
 •150 
 
 •153 
 
 ■ 126 
 
 Quebec. 
 
 :s 
 
 a. 
 
 C/2 
 
 $ 
 
 I'OOI 
 
 ■666 
 016 
 127 
 ■259 
 ■258 
 
 •349 
 ■200 
 •269 
 ■loi 
 .100 
 ■068 
 950 
 ■246 
 
 •355 
 •513 
 •381 
 •317 
 ■312 
 
 •462 
 
 •351 
 ■567 
 
 221 
 
 n 
 
 $ 
 
 ■ III 
 ■082 
 078 
 ■082 
 
 ■ lOI 
 
 •107 
 ■097 
 
 •no 
 ■081 
 ■092 
 •119 
 •079 
 ■052 
 ■059 
 069 
 065 
 067 
 082 
 052 
 ■068 
 071 
 070 
 
 •081 
 
 $ 
 
 ■094 
 
 ■074 
 
 ■099 
 
 •106 
 
 ■134 
 ■ 122 
 •162 
 •134 
 •53 
 ■iio 
 ' n2 
 •118 
 ■124 
 •165 
 ■197 
 •206 
 •177 
 
 •157 
 ■152 
 
 •153 
 ■156 
 
 -156 
 
 •139 
 
 O 
 
 H 
 
 $ 
 ■218 
 
 •217 
 ■326 
 
 •431 
 Sio 
 •471 
 •615 
 ■529 
 ■623 
 
 •463 
 ■450 
 
 •472 
 •304 
 •463 
 •534 
 542 
 ■490 
 •569 
 ■856 
 
 ■73s 
 ■716 
 ■748 
 •S'3 
 
 $ 
 
 008 
 
 007 
 
 020 
 
 015 
 
 035 
 
 019 
 
 032 
 
 029 
 
 039 
 023 
 
ually 
 
 since 
 
 the re.spec- 
 
 d 
 
 1 
 
 s 
 
 3 
 
 "o 
 
 $ 
 
 $ 
 
 •2l8 
 
 ■008 
 
 •2i7 
 
 007 
 
 ■326 
 
 020 
 
 ■43« 
 
 ■ois 
 
 ■510 
 
 03s 
 
 •471 
 
 •019 
 
 •61S 
 
 •032 
 
 529 
 
 029 
 
 ■623 
 
 •039 
 
 •463 
 
 023 
 
 •450 
 
 
 •472 
 
 
 •304 
 
 
 •463 
 
 
 •534 
 
 
 •542 
 
 
 ■490 
 
 
 ■569 
 
 
 •856 
 
 
 •735 
 
 
 •716 
 
 
 ■748 
 
 
 ■S«3 
 
 
 Department of Inland Revenue. 
 
 295 
 
 Confederation from the underinentioned Articles paying 
 tive Provinces and in the Dominion. 
 
 New Brunswick. 
 
 Nova 
 
 Scotia. 
 
 Prince Edward Island. 
 
 
 1.^ 
 
 P3 
 
 
 8 
 
 S 
 
 3 
 
 1 
 
 ■5. 
 
 $ 
 
 ■894 
 
 •706 
 
 ■652 
 
 •766 
 
 •765 
 
 •780 
 
 ■887 
 
 ■788 
 
 V 
 
 & 
 
 $ 
 
 ■033 
 
 •057 
 
 ■OSS 
 •066 
 
 ■057 
 ■060 
 
 ■059 
 ■057 
 
 c 
 
 d 
 u 
 
 
 I 
 
 a 
 3 
 
 1 
 
 !S 
 
 a, 
 
 1 
 
 <u 
 c 
 
 1 
 
 i 
 
 1 
 
 $ 
 
 $ 
 
 $ 
 
 •068 
 
 $ 
 
 $ 
 
 $ 
 
 ■045 
 030 
 
 ■034 
 050 
 
 ■054 
 042 
 056 
 
 ■044 
 
 $ 
 
 $ 
 048 
 
 045 
 
 ■043 
 
 045 
 
 046 
 
 ■075 
 •079 
 
 •083 
 
 $ 
 
 $ 
 
 $ 
 
 $ 
 
 $ 
 
 ■780 
 
 ■030 
 
 157 
 
 216 
 
 •287 
 
 •405 
 
 •416 
 
 039 
 
 068 
 
 057 
 •071 
 •058 
 •084 
 
 
 
 
 
 
 
 •786 
 
 •049 
 •038 
 
 •027 
 
 •244 
 •290 
 •386 
 •251 
 ■337 
 ■333 
 
 
 
 
 
 
 •957 
 
 ■035 
 •048 
 
 
 
 
 
 
 I 079 
 
 •039 
 
 
 
 
 
 
 I 128 
 
 •047 
 
 
 
 
 
 
 
 •■233 
 
 •055 
 
 ■057 
 
 347 
 
 
 
 
 
 
 1255 
 
 •053 
 
 ■075 
 
 404 
 ■389 
 
 
 
 
 
 
 
 I 158 
 
 •047 
 
 •044 
 
 
 
 
 
 
 
 I 055 
 
 •046 
 
 ■043 
 
 ■406 
 
 •III 
 
 •746 
 
 ■049 
 
 ■038 
 
 ■455 
 
 ■095 
 
 •976 
 
 •046 
 
 ■052 
 
 ■344 
 
 •IIS 
 
 •812 
 
 •039 
 
 •043 
 
 540 
 
 104 
 
 •750 
 
 •072 
 
 •044 
 
 ■384 
 
 •066 
 
 •85. 
 
 ■052 
 
 ■033 
 
 ■319 
 
 ■100 
 
 •9SS 
 
 ■074 
 
 ■033 
 
 ■537 
 
 
 •552 
 
 ■079 
 
 036 
 
 ■365 
 
 
 ■469 
 
 •047 
 
 002 
 
 ■319 
 
 .... 
 
 •830 
 
 ■051 
 
 •039 
 
 •493 
 
 
 ■587 
 
 ■063 
 
 ■039 
 
 ■351 
 
 
 •687 
 
 029 
 
 •027 
 
 ■325 
 
 
 •690 
 
 ■028 
 
 ■022 
 
 ■509 
 
 
 •532 
 
 036 
 
 ■032 
 
 ■370 
 
 
 ■525 
 
 021 
 
 ■015 
 
 •268 
 
 .... 
 
 ■880 
 
 •028 
 
 ■039 
 
 ■539 
 
 
 
 •646 
 
 ■039 
 
 •047 
 
 •380 
 
 
 ■673 
 
 ■017 
 
 ■018 
 
 .260 
 
 
 I 034 
 
 •039 
 
 •044 
 
 •543 
 
 
 ■665 
 
 •038 
 
 ■055 
 
 •385 
 
 
 547 
 
 012 
 
 012 
 
 ■215 
 
 .... 
 
 I 087 
 
 •051 
 
 045 
 
 ■504 
 
 
 ■717 
 
 ■044 
 
 ■056 
 
 ■342 
 
 
 ■537 
 
 •QIC 
 
 025 
 
 20I 
 
 .... 
 
 ■949 
 
 •045 
 
 ■04c 
 
 •257 
 
 
 •7it 
 
 ■04-1 
 
 t 052 
 
 ■236 
 
 . . . . 
 
 ■445 
 
 •olj 
 
 ooii 
 
 ■I4S 
 
 . . . . 
 
 •89c 
 
 •o4( 
 
 ) '031 
 
 312 
 
 
 •66j 
 
 •035 
 
 i 043 
 
 •26s 
 
 
 ■S4t 
 
 Oli^ 
 
 ■oot 
 
 163 
 
 .... 
 
 ■S61 
 
 ■03s 
 
 ) 03; 
 
 ■385 
 
 . . . . 
 
 •76: 
 
 i 03' 
 
 ) 048 
 
 ■3ii 
 
 i .... 
 
 ■98. 
 
 02 
 
 01; 
 
 ; 31? 
 
 
 •88: 
 
 04^ 
 
 •02il 
 
 [ 37! 
 
 • • • • 
 
 ■70c 
 
 ) •02( 
 
 S 031 
 
 •3if 
 
 ) . . . . 
 
 ■36: 
 
 ! 02 
 
 01; 
 
 ' 13^ 
 
 \ .... 
 
 •80S 
 
 I '04! 
 
 i -02; 
 
 ' iK 
 
 i .... 
 
 61. 
 
 J 03 
 
 3 o3! 
 
 ) ■34' 
 
 3 . . . . 
 
 •4i( 
 
 ) 01 
 
 J ■oo! 
 
 i 29^ 
 
 \ ... 
 
 ■93' 
 
 J •osc 
 
 D -04 
 
 D •02( 
 
 } 43 
 J 40 
 
 ; . . . . 
 
 ■74' 
 
 1 04 
 
 s 035 
 
 i •36< 
 
 D . . . 
 
 •34 
 
 5 02 
 
 3 00 
 
 3 ■27< 
 
 7 -26 
 
 D . . . 
 
 ■961 
 
 5 04' 
 
 ■7. 
 
 D 04 
 
 9 04 
 
 5 31 
 
 J ... 
 
 ■59 
 
 7 -02 
 
 i 01 
 
 2 . . . 
 
296 
 
 Department ok Inland Revenue. 
 
 Table showing the Revenue per head derived annually since Confederation from 
 the undermentioned Artieles payiiiff Excise or Customs Duties in the 
 respective Provinces and in the Dominion. 
 
 Years. 
 
 1 868. 
 1869. 
 1870. 
 
 1871 
 
 1872 
 
 1873 
 
 1874 
 
 187s 
 
 1876 
 
 1877 
 
 1878 
 
 • 879 
 
 18S0 
 
 1881 
 
 1882 
 
 1S83 .... 
 
 1884 
 
 1885 
 
 1886 
 
 1887 
 
 1888 
 
 1889 
 
 Avei age . . 
 
 Manitoha and 
 North- West Terkitoriks. 
 
 .a 
 
 •776 
 •294 
 
 •534 
 •90s 
 •864 
 •400 
 •810 
 •958 
 715 
 •631 
 ■672 
 •622 
 ■390 
 •842 
 •672 
 
 m 
 
 •037 
 •036 
 •096 
 ■106 
 •087 
 ■041 
 •086 
 
 •143 
 
 •125 
 •087 
 •097 
 •091 
 .077 
 •136 
 •089 
 
 O 
 
 H 
 
 •108 
 •014 
 
 •039 
 •051 
 ■046 
 ■008 
 
 •139 
 •112 
 
 ■039 
 ■036 
 •032 
 
 •022 
 .024 
 
 •043 
 •050 
 
 •684 
 
 •557 
 •914 
 
 I -043 
 ■989 
 •275 
 •564 
 •508 
 
 •347 
 •306 
 
 •253 
 •401 
 .328 
 ■564 
 •552 
 
 •033 
 •021 
 
 British Coi.umuia. 
 
 a. 
 
 1-545 
 1-289 
 
 I '647 
 2-163 
 
 1-331 
 1-342 
 1-691 
 1-918 
 I -828 
 2-182 
 2-615 
 2-472 
 2675 
 2-151 
 1-989 
 
 & 
 
 -254 
 ■230 
 •231 
 ■338 
 -198 
 -151 
 -182 
 -023 
 •299 
 •283 
 •263 
 -330 
 ■332 
 -378 
 -249 
 
 -184 
 •283 
 -325 
 •351 
 •281 
 -287 
 
 •443 
 -486 
 
 •537 
 -583 
 •536 
 -5?-3 
 ■326 
 
 •434 
 -398 
 
 o 
 H 
 
 1-003 
 
 -887 
 
 1-057 
 
 1-147 
 
 •928 
 
 •833 
 
 1-017 
 
 1-160 
 
 -86 
 
 -836 
 
 1-118 
 
 •938 
 
 -843 
 
 -837 
 
 •961 
 
 •38 
 109 
 
 Dominion. 
 
 U1 
 
 -g 
 
 72 
 
 1 
 
 $ 
 
 $ 
 
 1-028 
 
 •097 
 
 -761 
 
 -092 
 
 -962 
 
 -085 
 
 1-059 
 
 •095 
 
 1-160 
 
 -108 
 
 1-135 
 
 -120 
 
 1-363 
 
 •119 
 
 1-127 
 
 -114 
 
 1-182 
 
 -098 
 
 •949 
 
 -109 
 
 -927 
 
 •147 
 
 1-095 
 
 -125 
 
 ■772 
 
 -081 
 
 -990 
 
 -081 
 
 1-084 
 
 -098 
 
 1-186 
 
 -103 
 
 1-074 
 
 •104 
 
 1-198 
 
 •III 
 
 1-007 
 
 -091 
 
 1-045 
 
 100 
 
 -944 
 
 -no 
 
 1-107 
 
 -114 
 
 -105 
 
 I 052 
 
 $ 
 
 •043 
 -037 
 -049 
 -056 
 •070 
 -006 
 -086 
 
 -069 
 
 -075 
 -057 
 
 -052 
 
 -057 
 -055 
 
 -"73 
 -092 
 •097 
 •082 
 •074 
 •074 
 ■066 
 •066 
 -0C8 
 -665 
 
 o 
 
 $ 
 -176 
 
 •193 
 •259 
 •336 
 
 •422 
 •350 
 -442 
 -428 
 
 -513 
 -446 
 
 -439 
 -449 
 -428 
 
 •443 
 -485 
 •473 
 •365 
 •393 
 -502 
 
 •5«4 
 •509 
 •529 
 •413 
 
 $ 
 
 014 
 041 
 •061 
 -077 
 076 
 
 084 
 •103 
 ■098 
 ■105 
 •084 
 
jration from 
 ties in the 
 
 NION. 
 
 O 
 
 H 
 
 $ 
 043 
 ■037 
 •049 
 •056 
 •070 
 ■066 
 •086 
 •069 
 •075 
 ■057 
 •052 
 •057 
 ■055 
 •"73 
 •092 
 •097 
 
 •(j82 
 
 •074 
 •074 
 ■066 
 •066 
 •068 
 •665 
 
 $ 
 
 ■176 
 
 •193 
 •259 
 •336 
 
 •422 
 
 •350 
 ■442 
 •428 
 
 •513 
 •446 
 
 •439 
 ■449 
 
 428 
 
 ■443 
 
 •485 
 •473 
 
 •365 
 
 •393 
 
 ■502 
 
 •514 
 •509 
 •529 
 
 •413 
 
 $ 
 
 014 
 041 
 ■061 
 
 •077 
 
 076 
 
 •084 
 •103 
 ■098 
 
 ■los 
 
 •084 
 
 Bepautmknt of TirE Interior. 
 
 297 
 
 DEPARTMENT OF THE INTERIOR. 
 
 Tahf.E sliowiui,' Suli-divi.sion or Hottlomont Survey work completed each Year 
 since the commencement to the Year IHHi). 
 
 Acres. 
 
 Previous to June, 1873.... 4,792,292 
 
 In 1874 4.237.864 
 
 1875 665,000 
 
 1876 420,507 
 
 1877 231,691 
 
 1878 306,936 
 
 1879 1,130.482 
 
 1880 4,472,000 
 
 1881 8,147,000 
 
 No. of Farms 
 
 of 160 
 
 acres each. 
 
 29,952 
 
 26,487 
 
 J, 156 
 
 2,628 
 
 1,448 
 
 i,9«8 
 
 7,066 
 
 27.950 
 
 50,919 
 
 No. of Farms 
 Acres. of 160 
 
 acres each. 
 
 HrouglU forw.iril. . 24,403,771 152,524 
 
 In 1882 9,460,000 59,125 
 
 1883 27,000,000 168,750 
 
 1884 6,400,000 
 
 Carried forw.'ird . . 24,403,772 152,524 
 
 1885. 
 1886. 
 1887. 
 1888. 
 1889. 
 
 6,400,000 
 
 40,000 
 
 391,680 
 
 2,448 
 
 1,379,010 
 
 8,620 
 
 643,710 
 
 4,023 
 
 1,131,840 
 
 7,074 
 
 516,960 
 
 3.231 
 
 1,326,972 
 
 445,795 
 
 Tahle of Distances from Fort iMcPlier.son. 
 
 Miles. 
 Mackenzie River proper 32 'i 
 
 Kcil River 6o-i 
 
 A Large river entering on tlie cast side, 
 
 name unknown I20'5 
 
 Loon River 250-8 
 
 Hare Indian River 272-4 
 
 Fort Good Hope 274-7 
 
 Ramparts 283 -^ 
 
 Beaver River 295-7 
 
 .Sans Sault Rapids 322-7 
 
 Mountain River 323 '3 
 
 Carcajou River 328-0 
 
 Great Bear River 444 o 
 
 Kort Norman 444'2 
 
 Gravel River 509-3 
 
 Riv. Ic Vieux Grand Lac 55o'5 
 
 Fort Wrigley 624-5 
 
 37 
 
 Miles. 
 River between Two Mountains 628 "O 
 
 Willow Lake River 667-0 
 
 Ne-hauner River 6.S3-3 
 
 Fort Simpson 758'5 
 
 Head of Line 829.5 
 
 Yellow Knife River 855-6 
 
 Little Lake 892.0 
 
 Fort Providence 9l6'0 
 
 Great Slave Lake 962-0 
 
 I lay River 997-0 
 
 Buffalo River 1,024-0 
 
 Buffalo Creek 1,071-0 
 
 Fort Resolution ',083 'o 
 
 Fort Smith 1,273-5 
 
 Head of Rapids 1,287-5 
 
 Peace River 1,358-9 
 
 Fort Chiiicwyan 1,390-0 
 
298 
 
 Dei'autment (jk the Inteuiou. 
 
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 DEPAnTMENT OF THE INTERIOR, 
 
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 ■ CO cyS •t >n N^t 
 
 n 
 
 u-i 
 
 
 M 
 
 t^ fO 
 
 
 r^ 
 
 ♦ 
 
 
 «> 
 
 N >0 
 
 m— rr 
 rnco o 
 
 in o t^ "^ 
 
 ^Ng^g; 
 
 t^ "^ On 
 
 «fl^ 
 
 • On ro -> rO 
 
 • N m tJ-no 
 
 ! r<lco O « 
 . - ■*nS q 
 . NO o n CO 
 
 ;5 
 
 S2S 
 
 o u 
 
 ;z;0> 
 
 01 '/'O 
 
 W 
 
 ■nOco inN,t^i^^o 
 ; fnz) M N "IOC CO m 
 . CN| r^ ^ ^ c-i rj CO *''> 
 . — r-^NO r*-j r^ in cnnO 
 
 * Oco O Ono N^inn- 
 
 • « «- -H C^ Cl NN 
 
 ^ S'88888 
 
 */> 
 
 ri r^vo r>.0 Ovo c^ ■^ ^ NLTif-or^ — co r^ 
 
 ■^ rf\ !-• r*^ fi-jco 'n '"O i/"! r^ r^ r>. i^ Onoo "^ n 
 
 rr pT i-^ ro •- -^ in cf ''•0 '■'^ o" t^ "- ^ 
 
 f '^ rf r-* lo 0^^ t>. r>- 0^ t^ 
 
 a 
 
 s 
 
 s 
 
 NO 
 NO 
 
 fn 
 
 NO 
 
 On 
 NO 
 
 5 
 
 .2 
 
 u 
 
 o 
 
 *c 
 
 u 
 
 m Tf inNO r^oo On O ►^ N *"0 tf mNO r^co On 
 r^ r^ t^ t^ t^ r^ i^oo oococoopcocooococo 
 11111111111(11111 
 N ro ^ inNO r^oo On •-• N fn ^ inNO t^oo 
 t^ t^ r-^ t^ r^ t^ t^ r^co ooooccoooocooooo 
 oocooooooooooooococooooooocooooooo 
 
 o 
 H 
 
Department oi" the Inteiuou. 
 
 301 
 
 DatuH (I" tlir Opening' iinil CloHing of the Mtickeii/io River. 
 Kt)KT NORMAN -Laiithhk ahout 65". 
 
 Year. 
 
 Ice Hroke Up. 
 
 Kirst Snow. 
 
 I'irst Ice Fornied. 
 
 River Closed. 
 
 1872 
 
 •873 
 
 1874 
 
 •875 
 
 1876 
 
 1877 
 
 1878 
 
 «879 
 
 1880 
 
 Not given 
 
 M nv 17 
 
 September 28 
 
 do 28 
 
 October 15 
 
 Not given 
 
 October 7 
 
 
 do 21 
 
 do 1 2. 
 
 do 25 
 
 November 2 
 
 Octol)er23 
 
 do 13 
 
 do 18. 
 
 do 24 
 
 do 9. 
 
 do 9. 
 Not given. 
 November 7. 
 
 do 2. 
 
 do 19 
 
 October 10 
 
 do 12 
 
 .Septeud)er 2^ 
 
 do 28 
 
 Octolier 3 
 
 do 18 
 
 Not L'iven 
 
 do 22 
 
 
 do 20 
 
 do 22 
 
 do 7 
 
 do 22 
 
 do 12. 
 
 1881 
 
 Not given 
 
 do 2 
 
 do 9 
 
 do 7 
 
 do 12. 
 
 1882... . 
 
 Mav I A 
 
 do 14 
 
 do 14. 
 
 1883 
 
 1884 
 
 1885 
 
 1886 
 
 do *n 
 
 do 9 
 
 do 24 
 
 No record 
 
 do 28 
 
 Rest of record lost . . 
 No record 
 
 
 No record 
 
 do 
 
 No record. 
 
 do 
 
 October 18 
 
 N<)veml)er 13. 
 do 8. 
 
 1887 
 
 1888 
 
 Mav 24 
 
 September 23 
 
 do ^ 
 
 do 19. 
 
 
 
 * River w.-\s not cle;ir of Ice this year until M.-iy 28th. 
 
 FORT SIMI'SON-Latitudk 61° 52' N. 
 
 Year. 
 
 Ice Hrol<e Up. 
 
 First Drift Ice. 
 
 River Closed. 
 
 1876 
 
 May 14 
 
 
 November 17. 
 do 28. 
 
 1877 
 
 do 8 
 
 do I 
 
 1878 
 
 do 8 
 
 do 1 
 
 October 16 
 
 do 26 
 
 1870 
 
 November 12 
 
 do 20 
 
 1880 
 
 do 7 
 
 do 2 
 
 do 26 
 
 1881 
 
 do n 
 
 October 12 
 
 do 18 
 
 1882 
 
 do 7 
 
 November I 
 
 do 30. 
 do 20 
 
 1883 
 
 1884 
 
 do I 
 
 Octolier 28* 
 
 do 12 
 
 do II 
 
 do 28 
 
 do 18 
 
 1885 
 
 1886 
 
 do 2 
 
 do 20 
 
 do 13 
 
 do 30 
 
 do 25. 
 
 
 
 • The first drift ice in the Mackenzie this year was seen November 1st. 
 
 The dales of the breaking up of the ice in the Mackenzie above the Liard for the same years arc as 
 follows:— 1876, not given; 1877, May 19th; 1878, May 17th; 1879, May 19th; 1S80, M.iy 19th; 
 1881, May 19th ; 1882, May 20lh ; 1883, May 5th ; 1884, May 14th ; 1885, May 7th ; 1886, May 27111. 
 
 ATn.\i;.\S( A klXKR- Latmidk 56 40'. 
 
 Year. 
 
 Ice Broke Up. 
 
 First Drift Ice. 
 
 Ice Set, 
 River Closed. 
 
 1878 
 
 April 18 
 
 October 27 
 
 No record 
 
 1879 
 
 1880 
 
 No record 
 
 do 26 
 
 November i 
 
 May 2 
 
 A ^ril 21 
 
 November 14 
 
 No record 
 
 1881 
 
 October 14* 
 
 November 1 2 
 
 1882 
 
 do 24 
 
 November I 
 
 do 8. 
 
 1881 
 
 do 21; 
 
 October 30 
 
 do 18 
 
 
 1884 
 
 1885 
 
 cjo 27 
 
 October aS 
 
 do Q 
 
 do 23* 
 
 November 13. 
 do 14. 
 October 24, 
 November 9. 
 
 1886 
 
 do 16 
 
 
 1887 
 
 do 27 
 
 May 4 
 
 October 22 
 
 1888 
 
 
 
 ' In these years the river became <;le.ir of icQ for some time, after which drift ice again appeared, until finally the ice set anj 
 glosed the river, 
 
m 
 
 302 
 
 Dki'ahtment ok Indian Akkaihs. 
 
 DEPARTMKNT OF INDIAN AFFAIRS. 
 
 Statp:mknt of Rctvi'inu' mid Kxpt'iiditurt' uiidcr rmlinii 'I'mst and Cniisolidatuil 
 
 Kuiiils .since Cunt't'di-ratitui 
 
 Year. 
 
 1867-68 
 1868-69 
 1869-70 
 1870-71 
 1871-72 
 1872-73 
 1873-74 
 1874-75 
 1875-76 
 1876-77 
 1877-78 
 1878-79 
 1879-80 
 1880-81 
 1881-82 
 1882-83 
 1883-84 
 1884-85 
 1885-86 
 1886-87 
 1887-88 
 1888-89 
 
 Kkvknuk. 
 
 Kntin lanil liitlcs, litnbcr 
 
 iliius, (luvH on stone 
 
 ((tiarricd, rents, lines. 
 
 tmtt fees. 
 
 $ cts. 
 
 41.749 09 
 58,686 51 
 
 6 1, 455 09 
 92,007 17 
 
 1 1 1.705 73 
 65,246 77 
 83,541 20 
 
 83.325 13 
 66,771 21 
 89,706 07 
 95.576 92 
 72,457 f'S 
 97.917 95 
 90,028 90 
 
 "5.937 09 
 94,876 17 
 203,713 38 
 89,485 69 
 106,873 53 
 129,684 21 
 104,226 30 
 194,258 30 
 
 Kriiin Interest 
 on Capital. 
 
 $ Ct.S. 
 101,718 89 
 104,193 96 
 
 116,933 ii 
 145,225 00 
 
 149.414 27 
 150,972 62 
 
 150,083 68 
 154,617 12 
 155,928 71 
 159,066 32 
 160,568 69 
 
 159,894 13 
 0,984 40 
 103,292 28 
 166,513 53 
 161,362 23 
 153,816 74 
 
 159.337 99 
 159,268 00 
 159,806 05 
 160,662 12 
 161,523 36 
 
 Kxi'KM.irt'KK. 
 
 Uiuler 
 Trust I''nn(l. 
 
 $ 
 147,142 
 165,320 
 167,388 
 
 186,012 
 186,754 
 190,339 
 213,515 
 198,675 
 201,137 
 220,866 
 244,280 
 281,627 
 
 214.574 
 227,782 
 
 257.277 
 278,571 
 
 271.457 
 297.787 
 281,019 
 320,708 
 284,206 
 289,765 
 
 cts. 
 60 
 
 91 
 10 
 12 
 59 
 53 
 12 
 
 83 
 19 
 20 
 20 
 38 
 87 
 78 
 97 
 08 
 90 
 76 
 58 
 33 
 92 
 53 
 
 Under 
 Consolidnted I''iinds. 
 
 Cts. 
 
 234,721 63 
 
 307,276 70 
 
 468,266 30 
 
 462,527 29 
 
 667,171 07 
 
 880,047 17 
 
 1,151,114 40 
 
 1,081,361 46 
 
 1,082,173 86 
 
 1,072,574 06 
 
 1,159,568 64 
 
 1,147,724 69 
 
 955.116 45 
 1,074,235 86 
 
luDHolidiitut 
 
 Uiiiler 
 iliilaicil I''iin<U, 
 
 $ CtS. 
 
 234.721 63 
 307,276 70 
 468,266 30 
 462,527 29 
 667,171 07 
 880,047 17 
 1,151,114 40 
 1,081,361 46 
 
 1,082,173 86 
 1,072,574 06 
 1,159,568 64 
 1,147,724 69 
 955.116 45 
 1,074,235 86 
 
 Geolooical Suuvey of Canada. 
 
 :i03 
 
 GEOLOOICAL SIJHVKY. 
 
 Smuiiiaiy of tlic Mineral I'rodiiction of CaiuKla. 
 (Suhjnt to Revision). 
 
 NaMK nl. PkiiDUCT. 
 
 Antimony 'o"'> 
 
 Arsenic 
 
 AsU'stos 
 
 liaryta " 
 
 liriiUs th(nisnnd> 
 
 iUiildint' Stone cub. yds, 
 
 Mils, 
 
 L>nt , 
 
 CMmrcoai l)"-"*!' 
 
 Coal 'o"" 
 
 Ci.Ui' 
 
 { uppc; .... 
 
 {•■fUprir 
 
 fertilizers. . . 
 Kiio I'lay. . . 
 Flat; Stones 
 •(Mass 
 
 .lbs, 
 , tons 
 
 ■ sq. ft 
 
 1889. 
 
 Quantity. 
 
 55 
 6,014 
 
 190,724 
 
 310,582 
 
 90,474 
 
 1,426,800 
 
 2,719,469 
 
 54.539 
 
 6,810,052 
 
 5"> 
 
 775 
 
 400 
 
 14,000 
 
 (■.QV\(e) f" 
 
 (.miitc t""!* 
 
 ( ir.Tpliitc 
 
 ( iriiidstoncs 
 
 *( lypsum 
 
 *Iron 
 
 Iron Ore. 
 
 .Ibi 
 
 'l.iiiif I'l's''- 
 
 Linicslone, fur tlux tons 
 
 M.nnt^ani'su Ore 
 
 Marble and Serpentine 
 
 Mica 
 
 Mineral Taints 
 
 Mineral Water gall 
 
 •Miscellaneous Clay I'roducts 
 
 Moiddin^; Sand tons 
 
 I'etroleiun bbls, 
 
 •I'hosphate i*;ns 
 
 I'ij; Iron . 
 
 Platinum "«■ 
 
 I'oltery ware 
 
 I'yrites t"ns, 
 
 •Salt I' 
 
 Sand and Gr.avel (exports) 
 
 Sewer Pipes and Tiles 
 
 Silver '«« 
 
 61,799 
 
 12.535 
 
 220 
 
 3.3«5 
 
 20f).201 
 
 5«.783 
 
 84,181 
 
 l64,(xx3 
 
 2,278,678 
 
 22,122 
 
 1.447 
 980 
 
 Value 
 
 1,100 
 
 424.350 
 
 794 
 404,600 
 
 704,690 
 
 30.540 
 
 25,921 
 
 1,000 
 
 1,252,667 
 
 899,105 
 
 60.790 
 
 «J.573 
 
 5.. 570, 742 
 
 •55.043 
 
 885,424 
 5,100 
 
 26,606 
 4,800 
 1,400 
 
 150,000 
 
 1,116,145 
 
 78,624 
 
 1,630 
 
 30.163 
 
 193.658 
 
 2,210,062 
 
 151,640 
 
 5.«f'3 
 
 265,208 
 
 21,009 
 
 3i.«'4 
 980 
 
 15,280 
 
 37.360 
 
 239. 3S5 
 
 Slate 
 
 Soapstone. 
 Steel . 
 
 Sulphuric Acid ""' 
 
 Terra cotta 
 
 •jil^.s thousand 
 
 Whitini; tons 
 
 EsliMiaieil value nf mineral products not relurnei 
 (principally nickel, iron, mica and structural 
 materials) 
 
 Total , 
 
 68,047 
 
 24,716 
 
 451.195 
 
 672,978 
 
 312,182 
 
 499,859 
 
 4.500 
 
 306,212 
 
 110,387 
 
 69,506 
 
 378.675 
 
 6,935 
 
 '95 
 
 26,333 
 
 io,998.7'3 
 
 10,286 
 
 343.848 
 119,160 
 1,020 
 017,822 
 148,482 
 
 130,871 
 
 1. 933.752 
 
 1888. 
 
 (Quantity. 
 
 19,500,000 
 
 345 
 
 30 
 
 4,404 
 
 1,100 
 
 l6s,Si8 
 
 411,570 
 
 5o,()()8 
 
 i,Soo,ixx) 
 
 2,658,134 
 
 45.373 
 5,562,864 
 
 548 
 64,800 
 
 61,310 
 
 21.352 
 
 150 
 
 5.764 
 
 175.887 
 
 44.949 
 
 78,587 
 
 674, scx) 
 
 2,21(l,7()4 
 
 16,857 
 
 1,801 
 
 191 
 29,025 
 
 397 
 
 124,850 
 
 160 
 
 733.564 
 22,485 
 
 21,799 
 1,500 
 
 63.479 
 
 59,070 
 
 260,929 
 
 S.314 
 
 14C1' 
 
 9,553 
 8.727,2-' 
 
 7. 
 
 Value. 
 
 $ 
 
 3.696 
 
 1,200 
 
 255,007 
 
 3.850 
 
 1,036,746 
 
 641,712 
 
 35.593 
 87,000 
 
 5.259.832 
 134,181 
 
 607,543 
 
 21,600 
 
 6,580 
 
 375,000 
 
 1,098,610 
 
 147.305 
 1,200 
 
 5'. '29 
 
 '79.393 
 
 '•592.031 
 
 152,068 
 
 27.472 
 
 3.59.95' 
 
 10,533 
 
 47.944 
 
 3,100 
 30,207 
 
 7,900 
 11.456 
 
 845 
 755.57' 
 242,285 
 
 3'3.23S 
 
 O.tXJO 
 
 27.750 
 285,656 
 185,460 
 
 38,398 
 
 266, 5J0 
 
 395.377 
 
 00,689 
 
 280 
 
 t72,6ii 
 
 '2i.5'5 
 
 49,800 
 
 114,057 
 
 240 
 
 897,172 
 
 16,500,000 
 
 Some returns yet to be received. 
 
■•^"^M 
 
 304 
 
 Adveutisement. 
 
 THE CANADIAN 
 
 JOURNAL OF COMMERCE 
 
 PIJJMCE MQ 1<NS!3RJ1.NCE RE1?IBW, 
 
 DEVOTED TO 
 
 Commerce, Finance, Insurance, Railways, i^anufacturing, 
 Mining and Joint Stocli Enterprises. 
 
 Issued Evei*}^ Friday Morning. 
 
 SUBSCRIPTION : 
 
 Montreal Subscribera $3 oo a year 
 
 Mail Subscribers to any other part of Canada 2 00 " 
 
 British Subscribers los. stg. " 
 
 American Subscribers $3 00 " 
 
 EDITORIAL AND BUSINESS OFFIOLS: 
 
 Nos. 171 & 173 ST. JAMES STREET, 
 
 HEAD OE ST. JOHN STREET, 
 
 M. S. FOLEY, 
 
 Kdifor, I'lihlishct' mid Proprietor, 
 
APPENDIX. 
 
 ABSTRACT OF ANNUAL STATEiMLNTS OF THE PRINCIPAL 
 
 BANKS IN CANADA. 
 
 THE HANK OF MONTREAL. 
 
 DIRKCTORS' ANNUM. REPORT FOR 189O. 
 
 The Directors beg to present the seventy-second 
 annual report showing (lie result of the Hank's busi- 
 ness for tlic year ending 30th .\i)ril, 1S90 : — 
 Halance of profit and loss account, 30lh 
 
 April, 1S90 $817,417 53 
 
 Less amount reserved for rebate on bills 
 
 discounted and current 200,000 00 
 
 $<'>I7.4I7 53 
 Profits for the year ended 30lh A|iril, 
 1890, after deducting charges of 
 man:-.genient, and making full pro- 
 vision for all bad and doubtful debts. 1,377,301 21 
 
 Dividend 5 per cent, paid 
 1st Decend)er, 1S90. . 
 
 Dividend 5 per cent, pay- 
 able 1st June, 1S90. . . 
 
 $1,994,728 85 
 $600,000 00 
 600,000 00 
 
 1,200,000 00 
 
 ]5alance of profit and loss carried for- 
 ward $794,728 85 
 
 The principal feature in the annexed slaten\ents 
 as compared with those of last year is the lading off 
 in the deposits, caused chiedy by the withdrawal of 
 Government moneys. 
 
 The amount carried forward at credit of I'nifit and 
 Loss account is somewhat le.ss than last year ; but it 
 will be observed that $200,000 liave been appro- 
 priated to ]irovide for reiiatc on bills under discount, 
 in accordance with the recommendation adoiHeil at 
 the annual meeting last June. 
 
 Heyond these two points there is nothing in the 
 statements calling for special mention or remark. 
 
 As indicated in the last annual report a connno- 
 dious and substantial Inulding has been erected on 
 the corner of .St. Catherine and Mansfiel.l streets in 
 this city for occupation by the West Kn<l branch of 
 the bank, and in the building are also fire and burglar 
 proof sal'ety vaults for rent, for the acconnnodation 
 of parlies desiring to have their securities in a safe 
 place. 
 
 The head ofifice and all the branches have pa.s.seil 
 through the usual inspeclion during the year. 
 
 The shareholders are aware ihat there has been 
 important legislation in the session of Parliament 
 just closed, bearing upon Hanking, which has resulted 
 in a comprehensive Hank Act to go into force on 1st 
 fuly, 1891, and to take the place of the existing 
 "Act. 
 
 DoN.M.ii A. .Smitii, 
 
 I'resiilent. 
 
 38 
 
 OENKRAL SI ATE.MKNT 30TII AI'RI 
 
 Liabilities. 
 
 1890. 
 
 Capital stock $12,000,000 00 
 
 Rest $6,000,000 00 
 
 Halance of profits 
 
 carried forward . . 794,728 85 
 
 $6,794,728 85 
 I'nclaimeddividends 11,479 52 
 Amount reserved for 
 rebate on bills dis- 
 counted and cur- 
 rent 200,000 00 
 
 Half-yearly divi- 
 dend, payable 1st 
 June, i8go 600,000 00 
 
 Amount of notes of 
 the Hank in circu- 
 lation. $5,275,284 00 
 
 Dejiosits not bearing 
 
 interest 6,773,986 96 
 
 Deposits bearing in- 
 terest 14,434,414 80 
 
 lialancestlue toother 
 
 Hanks in Canada. 76,554 75 
 
 7,606,208 37 
 $19,606,208 37 
 
 26,560,240 51 
 $46,166,448 88 
 
 Assets. 
 
 Cold and silver coin 
 
 current $1,996,040 72 
 
 Government demand 
 
 notes 2,035,697 25 
 
 Halanccs due from 
 
 other Hanks in 
 
 Canada '85,943 67 
 
 Due from agencies of 
 
 this Hank and other 
 
 Hanks, in foreign 
 
 countries 5,404,870 87 
 
 Due from agencies of 
 
 this Hank and other 
 
 Ha n k s i n Great 
 
 Hritain 839,077 81 
 
 $10,461,630 32 
 Notes and cheques of 
 other Hanks 949,742 16 
 
 -$11,411,372 48 
 
 I 
 
;■ I 
 
 i ;; 
 
 (!■ 
 
 306 
 
 Abstract ov Annual Statement of Banks -. 1890. 
 
 .$11,411,372 48 
 
 /hotii;ht fot'i'iird 
 
 Dominion (lovernnR'nt honils and 
 
 other pulilic hccurilics 1,328,000 00 
 
 Bank premises at Montreal and 
 branches 
 
 Loans and bills discounted, and other 
 securities and as- 
 sets $32,663,629 54 
 
 Debts secured by 
 
 600,000 00 
 
 mortgage or other- 
 wise 
 
 Overdue debts not 
 specially secured 
 (estimated loss 
 provided for). . . . 
 
 87,545 7J 
 
 75-901 
 
 — 32,827,076 40 
 
 $40,166,448 88 
 
 \V. J. BiHIlANAN, 
 
 (lenerat Manager. 
 
 The I'resident, Sir Donald A. Smith, in moving 
 the adoption of the annual rejiort said : 
 
 (lentlenien, — Vou have just heard the report reail 
 and I clo not intend to occupy your time with any 
 remarks upon it or to f^o into details, lor althouijh, in 
 common with my rolleai;ues in the direction, we 
 have a general, and we hope an intimate knowledge 
 of the affairs of the Hank, still the I'.eneral Manager 
 and Assisstant lleneral Manager are much more con- 
 versant with the <lctails of the business, and you will 
 have from the (ieneral Manager a statement such as, 
 I trust, in fact 1 am sure, will be in every way satis- 
 factory to the shareholders. I will just touch lightly 
 on the question of ]iro(its for the last year 
 
 " '■■ --' ' i- 
 
 The lialance of profit and lo>s account on the jOlh 
 .\l)ril, 1S89, was $817,417.53, less amount reserved 
 for rebate on bills discounted and current, $200,000. 
 This latter, you will see, is an item which does not 
 aiipear in former statements, but at your last annual 
 meeting you expressed your desire that this shouM 
 be taken into account, and it has been accordingly 
 done during the year just passed. 
 
 For 1S88 the lialance of pmlits was $690,241.52, 
 but there was no such reduction as thai I have 
 spoken of, viz., $200,000 reserved for bills discount- 
 ed and current. The prolils of the year ending 
 30lh .April, 1S90, after deducting charges of manage- 
 ment and making hill provision Ibr bad and iloubtful 
 debts was $l.377..ilI-32, as against $l,377,l7(..oi 
 in the preceding year. The two hall-yearly divi 
 (lends on both occasicms amounted for the 
 year to $1,200,000, and the balance to profit and 
 loss account carried forward is $794,728.85, as 
 against $817,417.53 the preceding year ; but if the 
 $2CX).ooo had not been deducted this year, it would 
 actually be $994,728.85. ('on.^idering the circum- 
 stances of the year, we think that, as a whole, the 
 Bank has done very well for its shareholders. 
 
 We are not much given to prophesying in this 
 Bank, but last year we mentioned that if the crops 
 were good we exiiected to have a very satisHictory 
 result from the business. The harvest, however, did 
 not turn out e(|iial to the expectations, for in the 
 earlv part of the year it was very iMoinising indeed. 
 I'nfo.lunately there was a very gn;il choughl, ami 
 that interfered to a large exlelil wilh the crojis. .\l- 
 together, in fact, the condition of business thnaigh- 
 out the country did not come up to the expectations 
 of the ea.ly part of the year. This year, again, the 
 prospects are very good. 
 
 We have had copi<ius rains, an<l in that [lortion of 
 the country where it was most needed, in the great 
 Northwest, where they had a continued drought for 
 three years jirevions. The lands there have been 
 very much in need of moisture at the pro]ier time for 
 the growth and ripening of the crops. This year 
 they have had an unusually great fall of snow, and 
 hap|)ily throughout the spring they have also had 
 abundance of rain, so that they look forward now 
 with very great hope, with much expectation in fact, 
 to bountiful crops. I may mention, however, that 
 although the comlition of business was not what we 
 had hoiK'd it would be, yet we do not mean to say that 
 it was very bad, and I think we are jiislilied in tak- 
 ing a somewhat hopeful view <if the country and of 
 our position. When we see that the princiiial rail- 
 roads throughout the last year were able, not only to 
 keep up their earnings to what they were the year 
 before, but that they have had a very considerable 
 increase, it shows that the volume of traffic was 
 greatly augmented, because the gain is not to be ac- 
 counted fiu- by higher rates ; on the contrary, I be- 
 lieve wit i regard to all the railways that any differ- 
 ence •' .re may have been was in the direction of a 
 diiniiuition of the rates. Your directors do not for a 
 moment pretend to say that the management of the 
 Hank has been faultless, but they do aver that it has 
 been their enileavor to jiromote your interests to the 
 very best of their ability, and we know that as with 
 individuals so it is with corporations. It is not that 
 they are perfect, but that those are the .successful 
 directors or the successful corjiorations who make 
 the fewest mistakes. 
 
 We have much that ought to make us look for- 
 ward hopefully. We have a net-work of railw.ays 
 now very complete througlioul the old provinces ; we 
 have in the Northwest a road running to the Pacific, 
 and we have now direct connection wilh the I'^ast, 
 and in a very short time we shall have more imme- 
 diate connectiim, or at any rate a mucli su|ierior ser- 
 vice to China and japan. In Xovember next the 
 llr.st of three steamers built expressly for that service 
 will be launched and on its w.ay to China and Ja|>an, 
 two others fullowing immediately afterwards. These 
 boats are such, I think, as Canadians may be proud 
 of, because they are to be in every way eipial, except 
 in si/.e, to those great vessels, the Maji-slic and Tcti- 
 loiiic. They will be smaller, of course, as better 
 adapted for the trade in which they are to be en- 
 gaged, being something like 6,1x30 tons each. We 
 have now also a direct road to the .American Nortli- 
 we.-.t, and we know th.it throughout the past year a 
 ■•■ . very great deal of traffic has passeil over that route, 
 ole although it was only then in its inception, and from 
 what we have seen of it we may look forward to 
 much greater things in the immeiliate future. There 
 will also be another line to ( hicago, and although 
 we were |)retty well su|i|)lieil in tliat way already, 
 yet, coming as it will to Montreal direct, it cannot 
 fail to enlarge the commerce of this port. I think, 
 therefore, looking ti> all these great benefits, to be 
 ilerived from such facilities of communication, we in 
 .Montreal, and you, .shareholders of the Hank of 
 Montreal, may reasonably anticipate a large acces- 
 sion of business from these sources. 
 
 ^■ou are all aware that a new banking act has been 
 passed during the last, session of rarliament. \'our 
 directors have given their very anxious attention and 
 consiileration to the provisions of that ;.cl, ami 
 through the exertions put forward on I he part of the 
 Hank and others, some provisions looked upon as 
 not being in the interest of the Hanks, or of the com- 
 munity, were in some cases i-linrinntcd, in others 
 
Abstract of Annual Statement of Banks : isno. 
 
 807 
 
 lal portion of 
 in (lie ^rcal 
 1 clioujjht for 
 e iiave l)(.'cn 
 oper time for 
 Tiiis year 
 if snow, ami 
 ave also hail 
 forwar<l now 
 alion in fact, 
 lovvevcr, that 
 not what we 
 in to say that 
 stifiod in taU- 
 luntry and of 
 irincipal rail- 
 e, not only to 
 vere the year 
 consi<lerabte 
 )f trafiic was 
 not to be ac- 
 i>ntrary, I be- 
 lal any dilTer- 
 ilireclion of a 
 s do not for a 
 ement of the 
 ler that it has 
 iiterests to the 
 ,v that as with 
 It is not that 
 the successful 
 ns who niaUe 
 
 us look for- 
 of railways 
 provinces ; we 
 to the I'acilic, 
 with the Kast, 
 e niore innue- 
 1 superior ser- 
 idier next the 
 or that service 
 na and Japan, 
 wards. These 
 may be proud 
 • ei|ual, except 
 (j'/iV and I'tii- 
 iirse, as better 
 are to be cn- 
 ins each. We 
 nerican North- 
 he past year a 
 )ver that route, 
 ilion, and from 
 )iil< forward to 
 (uture. There 
 , and although 
 
 way already, 
 irect, it cannot 
 port. 1 think, 
 benefits, to be 
 iiication, we in 
 1 the I lank of 
 a large acces- 
 
 ng act has been 
 lianu'nl. N'our 
 s attention and 
 that ;,ct, and 
 I the part of the 
 Ddked upon as 
 ;, or of the coni- 
 ated, in others 
 
 moditied in its passage ihrouKh Parliament. It was 
 proposed, for one thing, that there should be an 
 official audit. Now we think, and have thought 
 througlioul, that you were sufficiently satisfied with 
 the auilit of accounts as you now have it, and while 
 we considered that it would have complicated mat- 
 ters very much had this clause been passed, we felt 
 assureil that it would have been of no jiraclical 
 value. It woulil not have given you any belter in- 
 sight into the accounts or into the statement of the 
 Bank than you [low have. There was also anotlier 
 clause which has been modilied considerably ; that is, 
 the ciueslion of \uu'lainied balances. These it was 
 proposed, in the first instance, to have made over 
 from all the difl'erent banks to the (iovernnient ; in 
 short, to be put into the public treasury. It was not 
 thought, on the part of the Hanks and by those 
 taking an innnediate and earnest interest in banking 
 alTairs, that this was desirable, and a modification of 
 it was accomplished of such a nature that as it now 
 stands it certainly can ilo no harm. I may mention, 
 while referring to this, that your directors, and 
 es]iecially the vice-president, Hon. Mr. Druinniond, 
 and lion. Mr. Abbott gave very much attention to 
 it, as did also your assistant manager. The general 
 manager, unfortunately, at that time was not very 
 well, otherwise he would also have devoted himself 
 to its consideration with that intelligence' and zeal 
 which he always gives to your affairs. .Vllogether, 
 the act as it now stands is passably good at any rale. 
 For myself, I will say that the Hank of .Montreal 
 will loyally and cordially carry out the comprcnnise 
 ol the live per cent., which is to be contributed by 
 the different Hanks, with the possibility of one per 
 cent, afterwards in any one year, for the purpose of 
 guaranteeing the solvency of the note issues, and of 
 making them current at par the Dominion over. 
 \Vhile they will do so, I still hold to the opinion 
 I have had througlioul, that the true system of bank- 
 ing for this country would be very much that which 
 has worked so well on the other side of the line, — 
 that is that each Hank should guarantee its own cir- 
 culation. However, we have the act now for the 
 next ten years, and we must endeavor to make the 
 best of it. 
 
 The stalemeni refers to the new building that has 
 been erected in the upper pari of the town. lUisi- 
 ness is progressing there, and it is, so far as it has 
 g(me, very satisfactory, and the branch is found to 
 be a very great convenience (or the people of that 
 locality. 
 
 Now, looking generally at the affairs of the Hank, 
 and taking a retrospect, going back to iSiS, when 
 this bank was founded, we find that in that year it 
 hail a capital of ^.S7,50O currency, or $350,000. 
 Till 1S29 it did not get beyond /,'iS7,ooo, or $748,- 
 000. I''rom 1S31 to 1S37 it was /'25o,ooo, or $1,- 
 000,000, and in 1S55 il had assumed llie proportions 
 of /,' 1, 000,000, or $4,ocx5,ooo. In 1870,11 had gone 
 up to $6,oa),ooo, and the last advance was made in 
 1S73, when it went up to $12,000,000, at which il 
 now stands. Now I think that in glancing lightly 
 and rapidly at the great changes which have taken 
 place since 1S18 — seventy-two years -we cannot fail 
 to recognize the vast progress of this country during 
 that period of time. Who would have tlioughl that 
 with the small beginnings of this Hank, il could 
 have attained to the proportions ami to the infiuence 
 it possesses today. I think that each and every 
 other Hank in the Dominion will readily admit that 
 it is a great support to them that the Hank of Mont- 
 real is in the position it now holds. At the time I 
 speak of not only was there not the rapid communi- 
 
 cation with lairope which we have to-day, but there 
 was no steam communication whatever. Instead of 
 crossing, as we now do, in six ox seven days, it took 
 as many weeks, and, consei|uently, commerce had 
 not anything of the advantages that we now have in 
 comnumicating with lairope and with other parts of 
 the world. I am reminded since I came to this 
 meeting that it is a very few years ago indeed, cer- 
 tainly not so far back as 1818 -nor one-half of that 
 ])erioil that no one in his wildest dream would have 
 thought we were ever to have communication across 
 this continent with Japan, with China and with 
 India ; and what has been effected in these directions 
 will, with eipial certainty, be accomplished direct 
 with .Vustralia and the other southern colonies. We 
 have in this city to-day 1 lis Royal I liglmess the Duke 
 of {'onnaught and his consort. They have come, not 
 from Kiigland in the old way, across the Atlantic, 
 but from India, by way of China and Japan, on to 
 Wancouver, then crossing the continent to Montreal 
 so fuUilling the dream of those who, centuries ago, 
 came here hi. ping to find a route to China through 
 Canada. This Hank, as it happens, was established 
 the same year as that in which Our (iracious 
 (,)ueen was born ; and now, seventy-two years after- 
 wards, we lia\e two members of the Royal Family 
 coming here, as it happens, on this our annual meet- 
 ing day. I hope we may accept this as a good omen. 
 Their journey is made without pomp, without osten- 
 tation, and without any of the accessories of a royal 
 progress. It is made for the purpose of gaining a 
 knowledge of the country, of knowing what this 
 portion of the Hritish h'.mpire is like, so that that 
 knowledge may be given authoritatively in Fngland 
 and in Furope, as it will be given with very great 
 force and with very great intluence. I lliink we may 
 look upon this as an excellent thing for Canada, apart 
 from our satisfaction at having amongst us august 
 members of the ri'\al family. 
 
 ^'our directors will, no doubt, as in the past, give 
 their best anil most e::inest attention to the business 
 of your Hank, and while they may not prophesy or 
 be too certain of what is in store for you in the years 
 to come, they will, I nni confident, from time to time 
 consider with the greatest care what may be essential 
 to mnintain the Hank in that high position to which 
 it has attained, and do their utmost in every way to 
 give to the shareholders the best return possible, 
 while not infringing upon the Capital or Rest. I 
 need add nothing further, and, indeed, I have said 
 more than I intended when I got uji to sjieak. I 
 will now sini]>ly ask the (ieneral Manager to give 
 such statement as he has prepared. 
 
 The (Ieneral Manager said: — \'ou will notice in 
 the report laid before you that there is a large falling 
 oflf since last year in the amount of deposits, both 
 free and interest -bearing. The deposits bearing in- 
 terest have been reduced from $18,843,931 to $14,- 
 434,414, a reduction of $4,400,000 ; of this $3,700,- 
 000 was a special de|)osit from the Dominion (iov- 
 ernnient. The free deposits have diniinished from 
 $8,240,000 to $6,700,000, a reduction of $1,500,000. 
 ( )f this $8ix),ooo was (lovernmenl money. To meet 
 these large withdrawals of iiearlv $6,000,000, and to 
 provide for the purchase of $1,300,000 of securities 
 which we hold in Fngland as a reserve, we have 
 been obliged to draw to a large extent on our funds 
 in the United .Slates. From that source we h.ave 
 taken some $(),8oo,<xx3. 
 
 We have been taxed on several occasions with 
 want of consideration f -r Canailian interests in em- 
 ploying funds to such an extent out of Can.ada. The 
 above will illustrate, better than anythintr else, the 
 
WH 
 
 AnsTUACT OF Annual Statement of Banks : lsf)0. 
 
 great impDrUncL', mil only to the Haiili, hut also to 
 the Dominion, and imleed, the absolute necessity of 
 keeping a consideialile anuiunl of money in u shape 
 in which it can at once lie niaile available. Had the 
 money been employed in Canada, we shoidd. to 
 meet the heavy demands upon us, have been obliged 
 to contract our loans and cramp our coumiercial cus- 
 tomers at a time when it has been almost imperative 
 to assist them with a liberal hand. It is hardly 
 necessary to state, what all business people must 
 know, that the past year has been an exceptionally 
 trying one both to the farming and the commercial 
 community. The opening of last spring gave bright 
 promises, but the autunm brought no fulfilment. 
 With the exception of the Lower I'rovinces, the 
 harvest was a great disappointment, collections were 
 necessarily jxior (particularly in the North-West), 
 small failures were numerous, many of our customers 
 made heavy losses, and it was necessary to renew 
 large amounts of paper. It was, therefore, impos- 
 sible to reduce our commercial loans with<jut causing 
 great inconvenience, and most likely tloing serious 
 injury to those dependent on us. We have, however, 
 been able to give all the assistance necessary to meet 
 any reasonable demands, without unduly cramping 
 our customers. 
 
 We have thought it judicious to purchase a num- 
 ber of bonds, referred to in the statement, which are 
 held at our London office, as a reserve to be used 
 only in case of necessity. They return a low rate of 
 interest upon the investment, but are all of the high- 
 est class, and could be made available at a minute's 
 notice. The necessity is only likely to arise in the 
 event of a state of affairs in Canada when it would 
 be ilifhcult, or injudicious, to either borrow on, or 
 sell, any class of security. As you know, the market 
 in Canada is limited, and it would bedifticult for any 
 liaidi to finance a large amount on short notice. 
 What would be difficult for another Bank would be 
 an impossibility for the Hank of Montreal. 
 
 There is no other point of special importance in 
 the statement. 
 
 During the last session a new Hanking Act has 
 received the assent of I'arliament, and will go into 
 operation on the expiration of the existing one on 1st 
 July, 1891. The chief features of tlie new Act are 
 the additional security given to tlie circulation, and 
 the obligation on the lianUs to publish the unclaimed 
 balances. With regard to the former it will not be 
 news ti) many of our shareholders to state that it 
 does not meet our entire approval. The Hank of 
 Montreal has always recognized the right of the 
 Government to demand, in exchange for almost the only 
 privilege conceded to the Hanks, that of issuing the 
 currency of the country, the proper security of that 
 currency, and this Hank has alw.iys been prepared to 
 secure its own issues to the hiliesl extent ; but we 
 objected to be called on to assist in contributing to 
 the security of the currency of other Hanks over 
 whose actions wa have no ccjntrol. The present 
 scheme, as I dare say you know, involves a contribu- 
 tion of 5 per cent, from each Hank to a general fund, 
 which will be applit-d to the redemption of the cir- 
 culation of any insolvent Hank. In tlu' event of the 
 assets of the insolvent Hank not realizing sutJicient 
 to pay its circulation, and restore the fuml to the 
 original amount of five |)er cent, on the total circula- 
 tion of the Dcjuiinion, the Hanks will be called on to 
 contribute again ; but in no case are they to be taxed 
 for more than I per cent, on their circulation in each 
 year. Though ni)t ajjproving we agreed to this, as a 
 compromise on the original scheme, proposed by the 
 C"0vernment, \\hich might have involved us, under 
 
 certain circumstances, in a liability limited only by 
 the total Hank circulation of the Dominion and cjur 
 ability to pay. 
 
 With regard to the obligation in publish the 
 balances unclaimed for five years, the only thing to 
 be said is that it will involve a great deal of cleiical 
 labor, resulting in little or no benefit to anyone, with 
 the possibility of doing har .1 and injustice in certain 
 cases. 
 
 Aside from these two points, one of which is 
 entirely personal to the Hank of Montreal, for we 
 stood alone in our protest against it, and the other a 
 matter of trilling import, the finance .Minister is to 
 be congratulaleil on giving to the country an act 
 which will be hailed a . a great advance and improve- 
 ment on any previous banking legislation, and will 
 undoubtedly give satisfaction to all those who come 
 under its operation. 
 
 The other changes in the act are, briefiy, as 
 follows : 
 
 No Hank will in future be able to commence busi- 
 ness unless $250,000 has been first paid in to the 
 Receiver-t jeneral, the object being to prevent the 
 Moating of a new Hank until actual cash has been con- 
 triliuted. Under the old act it was (juite possible for 
 a Hank to begin business on notes given by share- 
 holders, without any actual cash deposit. 
 
 I'roxies must be renewed every two years instead 
 of three, and they must be produced and recor<led 
 thirty days prior to a meeting. In order to qualify, 
 directors must hold fully paid up stock. Li place of 
 all it is suflicient if a majority of directors be subjects 
 of Her Majesty. 
 
 The cai>ital stock may be increased or reduced by 
 by-law passed at a meeting of shareholders and 
 approved by the Treasury Hoard. The premium on 
 new stock issued must not exceed the percentage 
 which the Reserve Fund bears to the paid-uj) capital. 
 Restrictions hava been placed on speculative sales 
 of Hank stocks. 
 
 No Hank can hypothecate its circulation, nor can 
 anyone make an advance on it under severe penal- 
 ties. Penalties generally have been increaseil. In 
 the event of insolvency the Dominion Government 
 lien comes after the circtdation, then the Provincial 
 Government, and lastly the ordinary depositors. All 
 Hanks are required to make arrangements by which 
 their notes shall pass at par throughout the Dominion. 
 A clause has been inserted that no notes shall be 
 issued that are torn or defaced. This is a mischiev- 
 ous piece of legislation, and apjiears to have been 
 inserted in the interest of some paper makers or en- 
 gravers. 
 
 The loaning powers of a Hank generally have been 
 extended beyond the scope of the existing act. A 
 warehouse recei|)t under the new act is confined en- 
 tirely to receipts issued by warehousemen on goods 
 not their own property. Persons owning goods can- 
 not issue a warehouse receipt as under the old act, 
 but a Hank is authorized to lend to certain specified 
 persons directly, under a simple document assigning 
 the goods to the Hank. 
 
 In the event of insolvency, before distributing the 
 assets to the shareholders, sufficient has tobe deposited 
 with the Finance Department to provide for un- 
 claimed deposit.)rs' balances and outstanding circula- 
 tion — a wise and righteous piece of legislation. 
 Previously these amounts, after a certain time, were 
 ?bsorbed by the sharehoUiers. 
 
 The liability ot .shareh Iders who have sold and 
 
 transferred their stock does not cease until sixty days 
 
 after suspension, in place of thirty days as at present. 
 
 The form of return to Government ha? byen shoit- 
 
Abstract of Annual Statement of Banks : 1890. 
 
 309 
 
 ened anil siniplifii-Ml withmit in any way impairing 
 the value of the inforniiUinn. 
 
 It is not my intention to trespass on your time by 
 giving a general traile review for the past year. That 
 has been, and |irobalily will be, done by others : nor 
 shall 1 attempt to prophesy as to the future. The 
 mercantile connnunily know that, owing to the 
 failure of the harvest, payments have Ijeen bad, 
 business poor, and small failures numerous. 
 
 It is to be hojied better things are in store for us 
 this year ; otherwise the consei|uenccs will almost 
 assuredly be serious. 
 
 TIIK CANADIAN HANK OK COMMERCE. 
 
 DIRf.iriORs' ANNUA], RKl'ORI', 1S90. 
 
 The annual meeting of the shareholders of the 
 Canadian Hank of Commerce was held at the Head 
 Office of the Hank, Toronto, on the I7lh June, 1S90, 
 at which Ceo. A. Cox, Ksip, was elected I'resitlent, 
 anil John J. Davidson, Ksip, Nice- President. 
 
 The Secretary read the following report of the 
 directors : — 
 
 The directors beg to present to the shareholders 
 the twenty-third annual report, covering the year 
 ending 31st May, 1890, 'together with the usual 
 statement of assets and liabilities. 
 The balance at credit of prolit and loss 
 
 account, brought forward from last 
 
 year is $ 33,912 23 
 
 The net profits for the year ending 31st 
 
 May, after providing for all bad and 
 
 doul)tful debts 524,062 40 
 
 $557,974 68 
 
 Which has been appropriated as follows : 
 
 Dividends Nos. 45 and 46 at seven per 
 
 cent, per annum $420,000 00 
 
 Transferred to rest account 100,000 00 
 
 Halance 33.974 68 
 
 $557,974 68 
 
 It will be observed that the net earnings for the 
 year, after making the usual provision for all bad and 
 doubtful debts and assets, amount to $524,062.40, 
 out of which we have jiaid the customary dividend 
 of seven per cent, and transferred to rest account 
 $100,000.00, carrying forward to credit of profit and 
 loss account $37,974.68. In view of the somewhat 
 difficult conditions under which banking has been 
 carried on in Ontario during the past few years, it is 
 hoped that these results will be satisfactory to the 
 shareholders. 
 
 The usual thorough revaluation of the entire assets 
 of the Hank and the fullest provision for every item 
 aliout which there is an element of doubt have been 
 made. -Ml the branches, agencies and departments 
 of (he Hank have been inspected during the year. 
 
 Hranches of the iank have been opened during the 
 year at Cayuga ana Waterloo, and at two adilitional 
 points in the City o. Toronto, the new estaldish- 
 ments being in each case the natural outgrowth of 
 the business already enjoyed by the Hank. 
 - Since our last anruial meeting the Hank's new 
 building in Toronto has been completed. The por- 
 tion of the building reserved lor our own use, which 
 we have occupied since |anuary, has proved to be 
 admirably adajited to our purposes and in every 
 
 respect worthy of the institution. The beneficial 
 efl'ect of the change on the work of the officers 
 has already been lelt, an<l a substantial increase has 
 taken place in the business done. We have ample 
 accoiinundalion for future growth. 
 
 .Ml the oliices not required by the Hank, namely, 
 the basement and the three upper floors, have, with 
 the exception of seven or eight rooms, been leased 
 to tenants of the highest class. We are already 
 assured as to the judicious nature ol' the investment. 
 
 It gives the directors pleasure again to express 
 their satisfaction regarding the fidelity and efficiency 
 with which the ofiicers of the Hank have performed 
 their respective duties. 
 
 IIknrv W. Daki.ini;, 
 
 President. 
 
 CENERAI. STAT |;M F.N •1—3 1 ST MAY, iSgo. 
 l.ial'ilities. 
 
 Notes of the Hank in circulation. . . $ 2,458,803 00 
 
 Deposits not bearing 
 
 interest $2,772,898 27 
 
 Dejiosits bearing in- 
 terest, including 
 interest accrued to 
 dale 9,720,985 22 
 
 Balancesdue to other 
 Hanks in Canada. 
 
 Halances due to 
 foreign correspon- 
 dents 
 
 Halances due to 
 agents in Great 
 Britain 
 
 Unclaimed dividends 
 
 Dividend No. 46, 
 payable 2nd June 
 
 $12,493,883 49 
 9,009 15 
 
 7.495 02 
 
 577,873 59 
 1,481 08 
 
 210,000 CO 
 
 Capital paid up.... $6,000,000 00 
 
 Rest 800,000 00 
 
 Balance of profit and 
 loss account car- 
 ried forward 37,974 68 
 
 $13,^99,742 33 
 
 Assets. 
 
 Specie $464,068 58 
 
 Dominion notes. . . . 678,378 75 
 
 6,837.974 68 
 $22,596,520 01 
 
 , , , $1,142,447 33 
 
 Aotcsofand cheques 
 
 on other Hanks. . . 
 Halances due by 
 
 other Banks in 
 
 Canada 
 
 Balances due by 
 
 agents of the Rank 
 
 in the United 
 
 States 
 
 British and Canadian 
 
 Ciovernment se- 
 curities, Municipal 
 
 and other slocks 
 
 and bonds 1,145,994 41 
 
 Call and short loans 
 
 on stocks and 
 
 bonds 868,102 18 
 
 548,856 98 
 112,912 II 
 
 > 1 54,997 55 
 
 $ 4.973.3IO 56 
 
310 
 
 AltSTUACT OK AXNTAL STATKMENT OK HaNKS : 1890. 
 
 Ml 
 
 B)-ou!:;ht forMwd. $4,973,3io 5() 
 
 Time loans on sloi-ks 
 
 ami bonds 494,149 oS 
 
 Other current loans 
 
 and (lisc-ounls. . . . 16,086, goj 10 
 
 Hills disrounted over- 
 due, not especially 
 secured, (loss fully 
 proviiled lor) .... 57,1 1') 75 
 
 Over due del its, se- 
 cured 80,764 85 
 
 Real estate (other 
 than Hank pre- 
 mises) an<l uiort- 
 (,'a^'es 260,695 30 
 
 HanU |iremises and 
 
 furniture 603,582 71 
 
 Other assets 39.994 66 
 
 $22,596,520 01 
 
 H. I'',. \V.\l KKK, 
 Ceneral Manaj^er. 
 
 In niovini; the adoption of tlie report the President 
 said ; 
 
 I do not propose to delay you at all with any 
 (general remarks upon the management o( the Haidi 
 (luring the past year, as the (leneral .Manager has 
 some information to lay before you. There is one 
 matter, liowever, which might properly have found 
 a place in the report, namely, thai we had the mis- 
 fortune to lose during the year one of our <lireclors, 
 in the person of Mr. William Oooderliam. During 
 the time he was associated with us we had learned to 
 esteem hini very highly for his personal character 
 and for the devotion which he gave to the duties 
 assigned to him here. In accordance with the 
 by-laws of the Hank, Mr. Iloskin was elected to till 
 his place at the board until the annual meeting. 
 Apart from this the statement is quite full and com- 
 preliensive as to the business of the Hank and the 
 results of the operations for the past year, and be- 
 fore moving its ado|ition, I will ask the (ieneral 
 Manager to make any remarks he may have pre- 
 pared. 
 
 The ticneral Manager then spoke as follows : 
 
 CENERAI. .manager's ADDRF'.SS. 
 
 The directors in their report have doulitless said 
 all that it is necessary to say regarding the results of 
 the year, and I will, as usual, confine my remarks 
 mainly to other matters of inlesesl in connection with 
 the Hank. I may be permitted, liowever, to draw 
 your attention to the fact that the percentage of our 
 net profits coni]iared to capital and rest is as high as 
 that of any of the banks in Canada having a capital 
 approximately as large as our own. Our deposits 
 dming the year have substantially increa.sed, ami it 
 is a satisfaction to be able to say that this result has 
 been obtained despite the fact that we refuse to com- 
 pete with banks paying high rales for nuiney. 
 
 Since the ))resent administration assumed charge 
 several branches have been opened, but these all, 
 with one exception, in localities where the batd< 
 already has interests to protect and advance. While 
 we may at any time enter into new fields, we are at 
 the moment cliielly engaged in taking care of the 
 very large business already enjoye<l by the Hank. I 
 alluded a year ago to the nundier of shareholders 
 upon our books, a nundier larger than any previous 
 year. A reference to the list before you will show 
 thai there is again a very considerable addition, a 
 matter, as you will understand, of great satisfaction 
 to the directors and myself. 
 
 CKDI'S. 
 
 The hopes entertained a year ago regarding the 
 crops in Ontario were uidortunalely not realized, and 
 our f.irmers have been obliged to submil to meagre 
 reUnns for iheir labour liir two or three years in suc- 
 cession. Il is, however, a nuiller for congratulation 
 thai the diversified nalure of farming in this Province 
 has sullicienlly sustained ihe general prosperity of the 
 farmer to avert the Iroidile which a failure of the 
 grain crops would have caused leii or lifteen years 
 ago. lUil if the returns from cereals have been bad 
 farmers have done fairly well with their cattle, and 
 we have again an increase in the amount of cheese 
 mainifachired and the money return therefrom, ihe 
 product of the year ending 3ISI March being nearly 
 93,000,01x3 pounds, valued at $9, 250,01x3. The ex- 
 port of eggs from the Province reached 10,000,000 
 do,ren, the price to the farmer averaging 11 'i cents. 
 This is lower than the price for 1.SS7 and 18S8, but 
 speculation on the part of dealers advanced prices be- 
 yond what the I'nited .Slates market ullimalely justi- 
 rie<l. It will be unfortunale ifauolher market has to be 
 found, as no product of the farm has maintained its 
 value more steadily during the period of general de- 
 cline in prices. The profit from raising hogs, which 
 is yearly becoming a more important feature with 
 our farmers, has been particularly satisfactory. 
 
 Whatever the outcome of the present season may 
 be, the prospect of success is always |)leasanl, and 
 the crop reports of the North-West and oft)ntario are 
 at the moment ipiite satisfaclory. The hay crop 
 again promises to be very large, ami we may hope 
 for a still further incriTase in the manufacture of 
 cheese ; a greater nundier of hogs will be raised 
 than heretofore ; experiments looking to the prochic- 
 tion of barley suited to the l-'.nglisli market, already 
 successful in some parts of Canada, will be still 
 further pursued, so that whatever may be the results 
 of unfavorable seasons or a hostile tariff, our farmers 
 will doubtless prove e(|ual to the occasion. 
 
 AliKICtir.i URAI. IMIM.I'.MENTS. 
 
 I have little to add to my remarks a year ago re- 
 garding the manufacture of agricultural implements. 
 We have had another season in which production 
 exceeded previous years, the sales, however, keeping 
 pace with the iiroduction. The wisdom of steadily 
 increasing the output as long as .sales are maintained 
 dejiends of course on the continuance of salisfactory 
 payments by the farmers. In Ihe North-West pay- 
 ments have been unsatisfactory. In Ontario they 
 have lieen well maintained, perhaps not (piite as high 
 a percentage as in the best of recent years, but high 
 enough lo afford gratifying evidence as to the paying 
 |)ower of our farmers under (piitc unfavorable condi- 
 tions. Clearly n\uch depends on the present crop ; 
 but whether it be bountihd or not, it will be well if 
 the production of implements is checked for the 
 moment. The foreign trade is growing to large 
 figures, and must eventually have an importaiU liear- 
 iiig on the prosperity of this great branch of business 
 in Ontario. 
 
 THE l.tlMllEK TKAI3E. 
 
 The winter operations in connection with the 
 timber and lumber trade have been carried on with- 
 out undue cost, but under the disadvantage of 
 unsteady weather and considerable illness among the 
 men in the woods from the prevailing epidemic. As 
 a whole, logs must have cost somewhat more than 
 in ordinary years-. There has been no difficulty in 
 driving, and the mills will be plentifully supplied. 
 In fact notwithstanding the curtailment in production 
 
Abstract of Annual Statement (h- Banks : IH{)0. 
 
 311 
 
 last winter \vc imist hope llvrc will iilso ln' a rciliir- 
 tioii noxl winter, as il is cli'ar that in many respcils 
 the niiul<L'l is nol what it lias liuon the pasl few years. 
 'I'he market in the United Slates is fairly satisfailfiy, 
 Iml llie fears expressed a year ajjo re^ardin^ the 
 South American niari<et have been realized, and, 
 what, with strikes and a smaller volnme of Iniildiiij^ 
 operations at home, prices are barely sustained and 
 sales are not so easily made as (roiild he <lesired. In 
 this connection it is a satisfaction to notice that the 
 production of pine sawlo^js in the Ottawa district for 
 l8S9-()o (incKidinj; a smaller slock carried over than 
 usual) is slij;htly below the averajje of nine years 
 jiast. The cut in other locaiilies is also considerably 
 reduced as compared with that of two years a^o, so 
 that the trade in lund)er is still in a healthy condi- 
 tion, if nol so positively i)rospcrous as heretofore. 
 We are not interested to any extent in the s(piare 
 timber trade and have no special knowdedt^e concern- 
 ing it, but it seems clear that, lempled by the hij;!) 
 prices of late years, mainilaclurers have over-iiro- 
 duced, the out|iut in the Ottawa district liein^; 60 to 
 70 |ier cent, higher than the average of the last nine 
 years. 
 
 COVKKNMENr SA\IN<;.S H.ANK.S. 
 
 Since our remarks a year ago regarding the rate 
 paid for money deposited in the I'ost ()flice and 
 (iovermnent Savings" Hanks, we are gla<l to stale 
 thai a slight movement in the right (lireclion has 
 been ntade, the rate having been reduced from 4 to 
 Syi pi-'r cent., last autumn. The general opinion 
 had obtained that when any aclion was taken in the 
 matter the rate would be reduced to J per cent., and 
 we will hope lh.it this may still be brought about in 
 the near future. 
 
 ■rili; NKW IIANKl.NC ACI. 
 
 During the year the new Hanking Act, in connec- 
 tion with which our charters are reneweil, was 
 pa.ssed. Owing to the fact that bank charters are 
 renewed for perio<ls of ten years, while the charters 
 of other corporations are as a rule indefniite, we 
 a|ipear to be condemned for at least one parliamen- 
 taiy session in each ten years to fight f(jr our exist- 
 ence. In a country where the conditions subject to 
 which baid'iing prolils are made are less favorable 
 than in any othiT progressive country in the world, 
 the desire of many individuals in the connnunily 
 seems to be to make the banking laws as complicated 
 anil dilbcult as possible, while mere jealousy of the 
 few privileges enjoye<l by banks, which privileges are 
 ni.\de instruments for the well'are ol tlie country, 
 causes Iheni to desire to overthrow princiiiles in our 
 system the loss of which would be far more hurtful 
 to the public than to the Hanks. There was at one 
 time coiisiilerable tear that one of the main principles 
 of the act would be departed from aiul the business 
 interests of the country subinitled to the dangers 
 incident lo a change in the form of currency. The 
 mendiers of the Ciovernment, however, have instead 
 wisely concluded lo make as n\ucli more perfect as 
 jiossible the laws under wdiich we have worked the 
 business of l>ankiiig and supplied a currency to the 
 Dominion for tlu' past twenty years. 
 
 The United .States national banking system, al- 
 though much less perfect as a banking system than 
 our own, provides a currency al no lime exactly in 
 accordance with the needs of the country as ours is, 
 anil at present entirely inadeiiuate, bul having the 
 (piality of passing over the whole area of the country, 
 wilhout discount for geographical reasons or on 
 account of the standing of the Hank issuing il. 
 
 Section 55 of our new act provides against discomft 
 on Haidi notes for geographical reasons, by rc(|iiiring 
 every Hank in the Dominion to arrange al the com- 
 mercial centre of each Province for the re<leniption 
 of its notes ; and secticjn 54 provides against the 
 possibility of the noles of a suspended Hank falling 
 to a discount between the moment of suspension and 
 iheilaleol ])ayment by the lic|uidalor. This will be 
 accomplished by the creation of an insurance fund, 
 the liability of each Hank lo which, while greater 
 than there is necessity for, is nol really a serious 
 matter at all, and if our experience is not worse than 
 il has been for twenty years past will never cost us 
 any loss of money. In this manner ihe Hank-note 
 issues of Canada have been given the one good 
 i|uality of ihe L'niled*) Stales national Hank-notes 
 without incorporaling into our act any of the objec- 
 ti(jnable fealures of ihal system. This is a matter 
 for much more congraliilation than peo|)le realize 
 who have not leisure in which lo study ihe pnjlilems 
 of banking. 
 
 Perhaps the change in the conditions under which 
 Hanks may hereafter be created is as important as 
 anything in the new act. It is necessary on tlie one 
 hand that banking in Canada shall not partake in 
 any sense of the nature of mono|)oly, but it ise(|ually 
 necessary that Hanks shall nol be created by men 
 who have motives for doing so other Ihan ihe proper 
 motive of embarking in a business enlerprise because 
 ihey believe it will pay. Il is well known ihat 
 Hanks have been created at a time when the business 
 was sulfering from severe couipelition, a force cal- 
 culated to do more mischief in banking than in any 
 other kind of business. I'crhaps some ])olilician 
 had a charier lo dispose of and an ambitious Haid< 
 ollicer was anxious to try his hand at general 
 nianagenieiil, and friends couhl be found willing to 
 permit their names lo be used as provisional directors, 
 or lo subscribe for slock on the understanding that 
 they would sell the slock shortly alter llie liank was 
 in o|)eralion. 
 
 In the present act there is nolhing to deter any 
 body of men who wish lo start a liank for bona lidc 
 purposes from iloing so, but every effort is made to 
 prevent the creation of a Hank which is not supported 
 by a fairly large actual cash capital, and a body of 
 shareholders who believe that the Hank in i|uestion 
 is necessary lo the wanls of the community, ami will 
 therefore be a profitable enlerprise. 
 
 THE Mi;UCUA\TS HANK OF CANADA. 
 
 The annual ineeling of the Merchants liank of 
 Canada was h Id in the Hoard Room of that institu- 
 tion in .Montreal at noon, Wednesday, [une iSth. 
 
 The Secretary read the amiual report of the 
 directors as follows : 
 
 The directors of the Merchants Hank of Canada 
 have pleasure in meeting the slockholders at the 
 close of ihe year for the pur|)ose of placing before 
 them the Ksult of the business done dining their 
 term of otlice. 
 
 The net profus of the year, after pay- 
 
 menl of interest ami charges, and de- 
 
 ducling appropriations lor l)ad and 
 
 doubllul debts, have amounled lo. . .$ 6o(),j(>j 61 
 lialance from last year 5,45)4 30 
 
 $ 611,847 91 
 
312 
 
 Ahstract of Annual Statement ok Hanks : 1890. 
 
 This has lioen disposed of as follows : — 
 
 Dividends Nos. 42 and 43, at 7 |)er 
 
 cent $ 405,944 00 
 
 Added to the " Rest " 200,000 00 
 
 Carried forward to profit and loss ac- 
 count of next year 5<9^i 9' 
 
 $ 611,847 9' 
 The proceediiif^s of the U:\nk have priir<'cded on 
 the whole with steadiness and iej;iilarily, liolh in llie 
 matter of deposits, rirculation and discounts. i"he 
 prolits, however, have scarcely been ecpial to liie ex- 
 pectations formed a year a);o, inasnuicii as the rate 
 of interest allowe<l on <leposits has not been a rea- 
 sonable proportion to the rate of interest on loans 
 and discounts. The business of the country in some 
 departments has been prosperous, hut in others the 
 reverse. The cereal crops of Ontario proved to be 
 considerably below the averajje. The wheat croji of 
 Manitoba, which at one time had a most promising 
 appearance, was injiircl by a severe drought about the 
 time of harvest. Tli- (piantity of grain from that 
 source was thereby much diminished. Other farm 
 products, however, have done well. The lumber 
 trade was fairly remunerative. Hut the severity of 
 competition affected almost all lines of manufactur- 
 ing aiul impcjrting business. A severe scarcity of 
 money was experienceil during the winter, which oc- 
 casioned the directors and the general management 
 of the Hank some anxiety, ami caused an unusual 
 amount of care to be necessary during the progress 
 of the year. This scarcity has been mitigated to 
 some extent, but money is by no means plentiful. 
 The result of the next harvest will be looked for with 
 considerable anxiety. Though the iumd)er and 
 amount of failures in the Dominion during the year 
 has been considerable, the directors are glad to .say 
 that not many of their customers have been affected 
 by these adverse times, and the losses have not been 
 of an unusual amount. The final result of the busi- 
 ness has enabled the directors to atld the sum of 
 $200,000 to the Rest, which now amounts to the 
 [iroporlion of 40 per cent, on the paid-up capital. 
 
 The important matter of the renewal of the Hank- 
 ing .\ct has been before the Parliament of the 
 Dominion during its recent .session. As a result of 
 its deliberations a measure was passed which, in 
 many respects, is an improvement on the act now in 
 force, and which will preserve, unimpaired, the 
 power of the Hank> to accommodate their customers 
 and carry on the business of the country. The offi- 
 cers in the Hank's service have discharged their duties 
 with zeal and fidelity, and to the entire .satisfaction 
 of the board. 
 
 The whole respectfully submitted. 
 
 Andki.w .Vi.i.an, President. 
 
 Stateiiieiil of the l.iahilitii-s mid Assets of the 
 Hank at ^^ist May, /S<;o. 
 
 /.ialnlities. 
 I. To the public — 
 
 Notes in circulation $ ,2,563,897 00 
 
 Deposits not bearing 
 
 interest $ 2,469, 1 S4 47 
 
 Deposits bearing in- 
 terest 6,212,098 08 
 
 Interest due thereon 
 
 to date 64,558 Si 
 
 8,745,841 36 
 
 Halances due Canadian Banks keep- 
 ing dejiosit accounts with the 
 Merchants Hank of Canada 563,883 98 
 
 Halances due Canadian 
 daily exchanges 
 
 Halances due to Agents 
 Hritain 
 
 Dividend No. 43 
 
 Dividends unclaimed 
 
 Hanks in 
 in (Ireal 
 
 >3.330 53 
 
 391,777 2> 
 202,972 00 
 
 3.271 71 
 
 $12,484,973 79 
 
 2. 1 o the slocklioklers— 
 
 Capital paid up 5,799,200 00 
 
 Rest 2,335,000 00 
 
 Contingent account 92,660 00 
 
 Halance of profit and loss account 
 
 carried to next year 5i903 91 
 
 Assets. 
 
 ( iold and silver coin on hand 
 
 Dominion notes 
 
 Notes and checjues of other Canadian 
 
 Hanks 
 
 Halances due by other Canadian 
 
 Hanks in daily exchanges 
 
 Halances due by Hanks and Agents 
 
 in the Cniled .'states 
 
 Dominion (lovernnient bonds 
 
 Railway and municipal debentures. . 
 Call and short loans on bonds and 
 
 stocks 
 
 Time loans on bonds 
 
 and stocks $ 90,730 85 
 
 Other loans and dis- 
 counts 16,114,36934 
 
 Loans and discounts 
 overdue and not 
 specially secured 
 (lo.ss provided fr>r) 119,223 51 
 
 Loans and discounts 
 overdue, secured . 24,676 07 
 
 Mortgages, bonds and other .securi- 
 ties, tlie property of the Hank .... 
 
 Real estate 
 
 Hank premises and furniture 
 
 Other assets 
 
 $20,717,737 70 
 
 23S.438 43 
 731,750 00 
 
 468,654 SO 
 
 88,840 97 
 
 780,825 86 
 668,9()7 33 
 104,650 00 
 
 424.SS1 3' 
 $ 3.506,708 40 
 
 16,348,999 77 
 
 150,469 28 
 203,532 82 
 480,273 28 
 
 27,754 IS 
 
 $20,717,737 70 
 G. Hacue, 
 
 General Manager. 
 
 The president then moved, seconded by the vice- 
 president, Mr. Robert .Anderson, " Th:)t the report 
 of the <lirectors as submitted be and the same is here- 
 by .adopted and ordere<l to be printed for distribution 
 amongst the stockholders." 
 
 Hefore putting the motion to the meeting, the 
 president called upon the general manager, Mr. 
 George Hague, to make a few remarks upon the 
 annual report. 
 
 iiii'-. cKNKKAi. manac.f.k's adhkicss. 
 
 The general manager said : 
 
 .'\s the wisdom of these annual addresses is some- 
 times called in i|uestion, I observe .U the outset that 
 it seems reasonable that the stockholdi^rs of Hanks, 
 having interests in all parts of the Dominion, should 
 be informed of the conditions of trade and finance 
 that bear upon those interests. 
 
 Those who have the general direction of such 
 Hanks have the best opportunities of forming an 
 accurate acnuaintance with the.sc matters. 
 
AllSTKACT Ol- AnNCA., StATKMKNI' or liANKS : 1 SOO. 
 
 f\\ii 
 
 13.330 5,5 
 
 The iircssiirc In do lliis, ami lo lake inoaiis fur [ 
 (loini; il well, is upon sucli bankers every <lay in llie • 
 year. 
 
 There is not an iiilerest in the country that is not , 
 your inleresl. 
 
 In speakin;; al these annual nieclint^s, of every 
 Iraile and imlustry in the Dominion, from Nova 
 Scotia, on the Allantie, to Hiilish Colnndiia on the 
 I'arilie, we ;ire not travelliiij; oiieiola hiyond mailers 
 that alTect the business and profits ol the liank. I 
 
 The fact is, the various provinces of the Dominion 
 are bounil tot;ether by a nuuh stronger bond of in- 
 terest than some persons suppose. 
 
 There is one item in our balance sheet that is the 
 final test of the whole posilinn of the Hank, namely, 
 loans and bills discounleil. 
 
 If you examine the lists that make up the total of 
 over siMecii millions, you would find bills of persons 
 in every line of trade, not oidy in the provinces 
 where the bulk of our branches are situated, but in 
 British (dhnubia, ihe North-West Territories, the 
 Maritime Provinces and Newfoundland. 
 
 And no Hank with many branches can be success- 
 fully conducted unless the men al the head of it keep 
 themselves in touch with all thai isgoinj; on lhrout;h- 
 out the whole extent of the country. 
 
 The interests of this Hank are imleed most 
 diversified. 
 
 The .Merchants Hank is not ihe largest in Canada, 
 as you know, but il is owned by ne.irly 1,700 stock- 
 holders. It is our business to earn diviilemls for 
 them, and such as can be fairly relied on. 
 
 We have a vast army of deposilors living in all 
 parts of Canada, who are customers and friends of 
 the bank. They iiund)er over 13,000. The bank 
 has served them failhfiilly in the past, and we mean 
 lo starve ihem faillifidly in the fiilure. 
 
 We have another army of customers who re(|uire 
 loans and discounts to carry on their business. They 
 nundier betsvcen ihree and four thousand. It is a 
 heavy responsibility to conduct this pari of the 
 H.udi's business, with due regard to ihe inleresl of 
 Ihe borrower as well as of the Hank. 
 
 We desire lo avoid unduly cramping ihose who are 
 carrving on legiliniate business, and al the same time 
 to avoid encouraging inju<licious trading by a too 
 free sup])ly of borrowed money. 
 
 For experience shows that for one man who is in- 
 jured by not having |iower to borrow enough, ten are 
 injurt;d, and many of them ruined, by borrowing too 
 much. 
 
 Competition between banks can be depended on 
 lo prevent the former, but it is to be regretted that 
 the abuse of competition has often bro\ighl disaster 
 both to the customer and the baid< in the opposite 
 direction. Nearly every loss made by the Hanks of 
 Canada can be traced lo this cause, and the practice 
 of borrowing from more than one Hank greatly facili- 
 tates it. 
 
 ( »ur own exiierience is tliat when a customer has 
 failed, it is almost invariably the case that he has 
 ha<l discoimts from more than one bank. Il is o\ir 
 aim to treat our customers well, and especially to 
 sup]iort those who entirely rely on us. The task of 
 keeping the trailing comnundty su|)plied with ade- 
 <|uate funds bears heavily and continuously U|)on the 
 judgment anil forlilude of bankers. 
 
 In aildilion lo the above, every bank has a number 
 of holders of its notes. These creditors are protected 
 by law, and very pr.iperly, for they do not enter into 
 a conlract wilh the banks as do ihe others. 
 
 All these classes have a close comiection wilh one 
 another. They are bound in a community of inter- ' 
 
 39 
 
 esl whi( Il is llnally focusseil roun<l the board table 
 and in the room where we stand lo-day. 
 
 I name ihese Ihings not as being new, bul simply 
 lo show that we appreciate the responsibilities at- 
 laehing to this great corporation. Whelhcr with 
 that appreciation there is also judicious management, 
 Ihe results of every year's business nuist bear lesli- 
 mony. I'or whatever theories we may advance, the 
 management of a bank must be judged by results. 
 
 RKSUI.'I'S OK rilK WOKKlNc; OF I'lIK HANK. 
 
 The results of the working of ihe Bank since its 
 capital was readjusted twelve years ago have been 
 pi. iced before you every year. It may be worlh 
 while to-day to look back on this iieriod and note 
 what has been accomplished. 
 
 l'"or the first three years, viz , 1S78, 1S79, an<l 
 iSSo a condition of de|)ression jirevailed in Canada, 
 and the large sum which was reserved as a coiilin- 
 geiil fimd on the re-organi/alion of the Hank was 
 gradually dejileled until it was reduced to a mere 
 nothing. During ihis lime ihe Hank only earned 
 suflicient to pay 6 per cent, dividend. 
 
 The ilepression which had pievailed for seven 
 years passed away in the beginning of iSSl. From 
 that time the course of the Hank has been sleadily 
 upward. Dividends have been increased from 6 per 
 cent, lo 7 per cent., and have been so maint.iiiied. 
 The "Rest" has been increased from $475,000, 
 which is all we had ten years ago, to $2,3J5,(X)0. 
 
 During the (irsl few years so many of ihe Hank's 
 customers failed that the amount of indebtedness of 
 such insolvent customers lo the Hank exceeded seven 
 millions of dollars. The net loss sustained is now a 
 mailer of history. It was dealt wilh long ago. Hut 
 the failure of such a number of [lersons left lite Hank 
 wilh a largely reduced dienlelle. 
 
 It was extremely difficult duriiig these )ears to 
 make even the moderate dividend we then paid. 
 
 Tho Hank had as able a body of directors as ever 
 sal round a board table. .Soiiie of these have passed 
 away. Others still remain lo lend the weight of 
 their great inlluence and knowdedge of business lo 
 the managemeiil of ihe Hank. 
 
 Under the administration of the board during the 
 last ten years, a business has been built up thai is 
 largely a new creation. This business has on the 
 whole been very salisfadory. 
 
 While none can claim to be infallible, the stock- 
 holders may rest assured that no mistakes involving 
 serious and heavy losses have been made for many 
 years back. 
 
 I'or your information I will give you the positicui 
 of the bank as il was len years ago and now ; 
 
 lis capital was $ 5,520,000 
 
 It is now 5,799,000 
 
 Hut our deposits were then .... 7,29(1,000 
 
 They are now 9,309,(xx) 
 
 t,)ur loans and discinints were 10,822,000 
 
 TIkv are now 16,348,000 
 
 Our circulation was then 2,127,000 
 
 It is now 2,563,000 
 
 The main difference, however, is in Ihe "Rest." 
 This stands as a sort of breakwater to defend the 
 capital and to preserve your properly. It serves also 
 to guarantee your dividends, ami to prevent a repeti- 
 tion of the unfortunate events of twelve years ago. 
 
 The " Rest " now amounts lo 40 per cent, of the 
 capital. Cana<lian Hanks have generally settled to 
 the conclusion that a " Kcsl " of 50 percent, should 
 be accumulated. I neeil not say this has my hearty 
 concurrence, as I was among the lirst in ( anada to 
 emphasize it. And experience confnnis its wisdom, 
 
nu 
 
 AnsTUACT OF Annum, Statement of Banks : ISOO, 
 
 Some may think that such a rosorvc fund wmild In; 
 loi) lar^;c. Hut in luoUing civit tlic masses of loans 
 ami iliscounis of \hv liank, and considering (he risks 
 involved in then% I have often tho»^;lit llie Hank can 
 never have too larfje a rest. For, after all, the true 
 method of considering; a rest is to look at its pro- 
 portion to the risks carried on our liooks in the shape 
 of loans anil discounts. Viewed in this light, a rest 
 of 50 per cent, on the capital would he liy no means 
 a large one. 
 
 REVIEW OF TlIK YK.AR's HUSINESS. 
 
 This year has been a difficult one. The results are 
 not liad, seeing that we have paid ytiu the us\ial 
 dividend and added $2(X),ckx) tn the rest. Hut both 
 profits and losses have been all'ected by unforeseen 
 circumstances. 
 
 The crop of cereals in many parts of Canada was 
 consiilerably lielow the average. .\ short sujiply 
 ought to bring about better prices. Hut it is not the 
 crop of Canada that determines the price of cereals. 
 It is the crop of the world. Our farmers, then, for 
 a diminished crop, got a range of low prices. 
 
 This simply means a diminution to the extent of 
 millions of dollars of deposits, circulation, and earn- 
 ing power to the Hanks as a whole. 
 
 It is to be noted, however, that the crops growing 
 on the ground are not of the relative importanci' to 
 Canada as a whole that they used to be when Can- 
 ada simply consisted of the provinces of Ontario and 
 Quebec. 
 
 Our great dairy and cattle interests, and even such 
 apparently trilling matters as eggs, have all become 
 prominent of late years as sources of ]irofit. Dairy 
 products and animals of various kinds have been es- 
 timated as contributing fully one-half to what is sold 
 from our farms. 
 
 In respect to these, our farmers, on the whole, 
 have had a fair year. 
 
 Our forests slill afford a supply of tindier thai 
 would be practically inexhaustible if properly con- 
 served. European governments have long had to 
 give attention to this matter. Il may soon become a 
 pressing question in Canada. 
 
 The lumber business re<|uires for its prosecution an 
 enormous amount of capital in |)roi>ortion to its 
 annual volum . Much of it is owned by individuals 
 in the trade, but a very large sum in the aggregate is 
 contributed by the Hanks. This capital has had a 
 fair return, on the whole, during the year. There 
 have been excep'ions, no doubt ; and legislation in the 
 United States will retpiire careful attention from the 
 Dominion Government. 
 
 Our mining, manufactming, and importing inter- 
 ests, together svith our fisheries, have all conlributeil 
 their usual ipiota to the volume of business <lone by 
 the banks. 
 
 This Hank has no branches in the Maritime pro- 
 vinces, though we have large indirect interests there. 
 It is a satisfaction to learn that business on the 
 Atlantic coast has been highly satisfactory during the 
 year. The same may be said of business in Hritish 
 Columbia. 
 
 Hut banking profits are below what is com- 
 mensurate with its risks. In this respect banking 
 here compares unfavorably with the Australian 
 colonies and Oreal Hritain. 
 
 I.OSSI-.S. 
 
 An elVort, as you are aware, was made during the 
 recent Parliamentary session to comjiel the banks to 
 publish the amount of their losses. I'arliament, 
 
 however, though disposed at first to entertain the 
 proposal, on further ((msideralion lieclined to allow 
 this provision to become law. 
 
 I will, however, tell you one or two things a)x)Ut 
 the losses of the year that may interest you, 
 
 During the year, in the circle of our customers, 
 there have been a ceitain nund)er of failures anil 
 endiarrassnients. In a nundier of these cases the 
 Hank loses nothing. Our securities bring us out. 
 
 In a m.ajority of those that remain our losses will 
 be less than $1,000. 
 
 In none of the other cases was the loss a serious 
 one, considering the magnitude of our business, 
 
 Hut I nuich regret to say that the largest of them 
 all was brought about by unlaitldulness on the part 
 of one of the officers of ijie Hank. This loss re- 
 mained after his bondsmen had honorably discharged 
 their obligations. 
 
 These are rare experiences. The Hank has only 
 had two during the l.isl fifteen years. May we never 
 have another. 
 
 Had it not been for this untoward occurrence the 
 losses for even such a year as this would have 
 amounted to even less than the average. In addition 
 to loss from actual failures, we have thought it 
 prudent to make provision for some cases where 
 failure has not taken place and where loss is oidy 
 apprehended. 
 
 This inlbrmalioii with regard to tosses should be 
 sufficient. Whether the same amount of information 
 will be communicated in future must be left to the 
 judgment of those who have the direction of the 
 liank. 
 
 It should be borne in mind that though these arc 
 technically meetings of the stockholders they have 
 become, by reason of publication, [iractically meet- 
 
 ings of 
 think, w 
 
 citizens. The 
 ill be ap|)arent. 
 
 bearing of this remark, I 
 
 HANK I Nil I.IU-.ISI.AI'ION. 
 
 Vou are aware that during the recent .session of 
 I'.irliament a measure has been passed extending the 
 charters of the Hanks until 1901! 
 
 The Hanking .\ct now in force is a comiilicated 
 u\easure of about 90 clauses. N'our rights and 
 responsibilities as stockholders are regulated by this 
 .act. 
 
 Hanking, I may say, as a simple business and 
 apart from the issuing of notes, can be carried on by 
 private firms without any Act of I'arliament to regu- 
 late it. 
 
 Hut circumstances in this country have brought 
 about a general organi/Uicjn of banking on the 
 joint stock principle, that is, by didy constitute<l 
 corporations. 
 
 This necessitates provisions of law with regard to 
 the issuing of notes, the liability of stockholders, and 
 the manner in which stock is to be held, transferred 
 and be(|uealhed ; with regard also to lending, dis- 
 coimting and taking .security, the position and powers 
 of directors, and a multitude of other matters with 
 which you are no doulit familiar. 
 
 h'rom time to time disputes have arisen in re- 
 gard to the operation of various clauses in our Hank- 
 ing .Vets. To guard against these new provisions 
 have been introduced, until in course of years this 
 Hanking Act with its 89 clauses has become what 
 it is. 
 
 Under this law, which expires next year, the busi- 
 ness of the H:\nks has lo be conducted <lay by dav all 
 the year round. Hankers, therefore, have ascertained 
 by experience wherein such a measure is defective 
 and what would be desirable in future legislation. 
 
AnsTRAPT OF Annual Statement of Banks ; 1890. 
 
 815 
 
 itcrtnin ttii; 
 •d 111 allow 
 
 lings iiliiml 
 
 IIU, 
 
 customers, 
 'ailurcs ami 
 casus liie 
 
 ^ us (lUl. 
 
 ■ losses will 
 
 ss a serious 
 usincss. 
 ;fsl of ihcm 
 on the part 
 "liis loss re- 
 y discharged 
 
 ink has only 
 [ay we never 
 
 cunence the 
 would have 
 In addition 
 ; thoui^ht it 
 cases where 
 e loss is only 
 
 ses should lie 
 if inlorniation 
 lie left to the 
 ection of the 
 
 lU^h these arc 
 Itrs they have 
 etically meet- 
 is remark, I 
 
 ;cnt session of 
 extending the 
 
 I c(im|)licate<l 
 
 r rif^lits and 
 vdated hy this 
 
 business and 
 
 carried on by 
 
 iMient to regu- 
 
 lave broiighl 
 idling on (he 
 ly constituted 
 
 with regaid l<i 
 cUholders, and 
 Id, transferred 
 o lending, dis- 
 ion and powers 
 inallirs with 
 
 arisen in re- 
 's in our liank- 
 lew provisions 
 .• of years this 
 
 become what 
 
 year, the Inisi- 
 
 day by day all 
 
 ave ascertained 
 
 lie is defective 
 
 legislation. 
 
 It will not surprise yon therefore lo learn that 
 many conferences of Hankers look place with regard 
 to the renewal of the act. 
 
 There was a generiil agreement thai certain iiii- 
 lirovenients were desirable : 
 
 1. Thai Hank notes should be made to pass with- 
 out discouni all over the Dominion. 
 
 2. That in the event of a bank failing, though its 
 circulation is a preferential lien, its notes should bo 
 kept al par iiiilil lii|uidatioii. 
 
 3. Thai measures be taken lo still further strengthen 
 the security of the noteholder uiuler all possible con- 
 tingencies. 
 
 4. That additional precautions for the protection 
 of the public should be taken in granting new 
 charters. 
 
 5. It was considered also llial the ( lauses regulat- 
 ing advanci's, on the securityjof merchandise could be 
 much simplilied, and that the returns to be made lo 
 the (lovernment might be made clearer and less open 
 lo misconception. 
 
 'I he representations of the lianks were received 
 with all possible consideration by the t lovernment, 
 and their reconmundalions were generally adopted. 
 
 The (iovernmenl, however, had views ol their o'./n 
 upon several mailers which they courteously coiii- 
 nnmicateil for cinsideralioii, Some of these were 
 considered so oljeclionable llial we fell constrained 
 to oppose them, not only in your interest, but in the 
 public interest. 
 
 The proposal to make it compulsriry upon stock- 
 holders 1(1 aiipoiiU auditors was judged to be inap- 
 propiiale to the circumslances of C'anadian banks; 
 that an audit, in fact, would be necessarily imperfect 
 and illusory. 
 
 The proposal to compel the holding of a fixed re- 
 serve of money in proportion to their liabilities was 
 demurred to by a large m.ajority. It was pointed out 
 that lo insist upon the lianks keeping locked up in 
 their safes at all limes any lixed sum ol money would 
 interfere with !'"■ r'\ hts of creilitors, to meet whose 
 demands all .i banker's cash is held. It was shown 
 that such a measure had never been tried in practice 
 except in the United .States, and that there when 
 lianks attempted to keep the law violent fluctualions 
 in the rate of interest ensued. And, further, that 
 circumstances occurred nearly every year ihat com- 
 pelled them to disregard the law altogether. 
 
 The pro|iosal of an audit and of a lixed reserve 
 were, therefore, withdrawn. 
 
 .Another proposal for the transfer to llie (lovern- 
 ment of all moneys of depositors and stockholders 
 unclaimed for a period of years was deemed objec- 
 tionable. This was finally modified so as only to 
 re(iuire the sending of annual statements lo the 
 I'inance Department of balances unclaimed for live 
 years. 
 
 With regard to the further securing of the circula- 
 tion, the lianks had pro|)osed the gradual formation 
 of a guarantee fund ; not that this was deemed neces- 
 sary, but as an evidence of the willingness of the 
 banks to go even beyond what w.as needful in order 
 to make their notes absolutely secure. 
 
 The (lOvernment, however, modified this propo.sal 
 so as to make its provisions dangerous. 
 
 The chief part in opposing this dangerous moditi- 
 calion was taken by the liank of Montreal. On its 
 real bearing being |iointed out, the tiovernment 
 consented to alter the clauses in such a way that they 
 could be carried out by the Hanks withoitt danger. 
 
 During the progress of the bill through the House 
 a remarkable absence of political feeling was mani- 
 fest, Members of both parties gave themselves to 
 
 the work of considering how to make the net n» 
 nearly perfect as possible. 
 
 We were much indcbled for assistance to members 
 on both sides of the Ilmise of ( oninions and of the 
 .Senate who are connected with banking institutions. 
 
 The measure will come iiilo effect in July next 
 year, and will amend the present net in the following 
 particulars : - 
 
 It provides a banking currency that will circulate 
 at par in every part of the Dominion, and guaranteed 
 not only by being made a preferential lien <in all the 
 resources of the liank, but by a guarantee fund in 
 the hands of the ( lovernment. 
 
 These notes in case a liank fails will be guarde<l 
 against depreciation by being made to bear interest 
 until liipiidation takes jilace. 
 
 No new banking corporations can be chartered 
 unless $25o,0(« of capital be actually paid into the 
 Treasury instead of $ioo,(kx) only as at present. 
 
 Hanks are empowered to lend on the security of 
 merchandise to certain classes of traders, and to lake 
 seciirily thereon by a simple assignment on a speci- 
 fied form. 
 
 Power IS given to stockholilers of Hanks either to 
 increase or decrease the capital, subject to approval 
 by the Treasury lioar<l. .And the returns to be made 
 by the Hanks will be made more clear and simple. 
 
 Coniuieiicing then on 1st July, 1891, the Dominion 
 will have a Hanking Law, which, on the whole is 
 likely to benefit every interest of the country. 
 
 I'OSiriON AMI I'KOSI'KCTS OK lUISINF.SS. 
 
 With regaril to the prospects of business in the 
 country, it has already been observe<l very apiiropri- 
 ately, in another place, that it is not wise to forecast 
 too much. The same thing has been said on this 
 floor more than once. I shall not attempt much in 
 that direction, but may simjily remind you, and it is 
 safe, I think, to go so far, that Canada as a country 
 has attained such a state of development that an 
 a.ssured general progress may be looked for notwith- 
 standing temporary drawbacks. 
 
 We have a vast and diversified area of farming 
 lands, and a body of farmers who are, as a whole, 
 year by year becoming more conversant with their 
 business. 
 
 The farmers and farming lands of Canada are 
 generally as good as any to be found on this 
 continent. 
 
 The business has not been very remunerative for 
 some years back. Hut that is no new thing with 
 either farming or any great industry. 
 
 In my short experience I can remember tinus in 
 which for years together farming in England had 
 periods of prolonged de|)ression, and the value of 
 land depreciated heavily. Hut the farming interest 
 recovered itself again and went on prosiierously year 
 after year in succession. 
 
 When we remember that the farms of Canada have 
 been hewn out of the depths of untrodden forests 
 and brought to their present condition (largely within 
 the memory of living men) by the labor and skill of 
 the farming class, one certainly need not desjiair of 
 what our farmers may do with the land in future 
 years. They have already created properties that are 
 worth hundreds of millions. And I think the farmers 
 of Canada are not the men to allow a few years of 
 adverse circumstances to discourage them. 
 
 There is room for iinpr<iveinent on the part of some 
 farmers, no doubt. If a farmer (and there are some 
 such) knows a mere nothing about his business, or 
 pays no attention to it, or if he is not ready to adopt 
 modern improvements, or falls into lazy or intemper- 
 ate habits, it is not likely that he can prosper, no 
 
nid 
 
 AnsTRArT oF An'ni'ai, Staikment uf Hanks ; IsfK). 
 
 t::v 
 
 matter Hii,\l ilif soiisont arc. liiii iliiic arc not 
 many of tills >n\\ aiii(>ii(;sl iis, 
 
 Lc^islaiiwii on Imili .lid's dI tiic Urn.' Iiax In iId will) 
 llie r()nilili<in nl laniRTs as well as i-vcry claM nl [kt- 
 .s(in<i, 
 
 WitliDUt sayiin; a word iiliniil ihr wiMJuni or nil- 
 Nvisdnni III |iailii'idar It'^lslaliun, wliicli I lliInU woulil 
 |p.' DUl 1)1' place liLTL', 1 may say that llir farmers and 
 puiiplc of Canada have generally slmwn llirin.selves 
 nlile lo adapt lliemselvis In new le^islalive cundi- 
 tiiins, 'I'liere i^• n<i reason to doubt tlieir aMIily to 
 do lliis in liie iiilure. 
 
 To correct some prevailint; misconieiitioim, I may 
 say that a lar^;e amoinil and a j^reat lunnlier of do- 
 |>iislts made in the llanUs, lyin^ I here at this day, are 
 from farmers. 
 
 we ha\e ourselves m ire tlian two thousand farm- 
 iiij; depositors who have lyinj; at their credit with us 
 more ihait a nidlion ilollars. 
 
 And what may surprise some persons, I may say 
 llial the Hanks lend a considerable amount of money 
 to farmers. We have at our various branclies over 
 seven himdred farmers who borrow money Irom us. 
 'I'his class ol business consists almost wholly ol small 
 temporar) loans, and has ^jenerally proved very sat- 
 isfactory. 
 
 In all cases where it has not, I lie fault has been In 
 allowini; a farmer to borrow too nuich. 
 
 No farmer in a j;ood position and living; near to a 
 chartered llanU tinds any difliculty in ^;etlin[;tem 
 porary loans, and when he is so lar from a baid<inj; 
 town that the jotirney would cost more than the 
 money i-. worth, he can j^enerally find a private 
 banker in his own neighborhood who is re.idy to lend 
 him money. 
 
 And if a private banker cliar(;es more than a char- 
 tered liank, the farmer is recompensed by the saving 
 in time and labor in undertaking 'he journey. 
 
 I hive already spoken of dairy industries. One 
 great advantage of these is that instead of impover- 
 ishing the soil, they enrich it. The advantage .of 
 this is being more appreciati'd in all parts ol the 
 country. I)ven in .Nlanitob.i, the natural home of 
 wheat production, <lairy fanning is rapidly coming to 
 occupy the place it deserves. 
 
 '1 here is no part of the country in which cattle 
 and horses thrive better than in the Northwest. On 
 the great cattle ranches at the foot of the Kocky 
 Mountains, the herds are rapidlv niultiplying and 
 will soon be nunil)ered by the hundred thousand, 
 affording a steady line of exports growmg year by 
 year. 
 
 Our great lumber and tindier interests are almost 
 wholly affected by the condition of trade in the 
 United States and l'".ngland. 
 
 The saw millers who lin<l their market in the 
 United States are likely to have a fairly prosperous 
 season, though the legislalion formerly referred to 
 may prove a drawlnu L. 
 
 In the manufacturing of timber for the P'nglish 
 market, there has been a considerable development 
 during the year, following upon the ilemand arising 
 out of a revival of trade in (ireat liritain. It is to be 
 hoped that this production will continue to meet a 
 good market and be disposed of at satisf.''.clory 
 prices. Hut it will be pru<lent lo curtail production 
 somewhat next year. 
 
 Our manufacturing industries are becoming more 
 diverse and their interests more complicated every 
 year. And it is becoming more evident that nothing 
 but |)ractical knowledge applied to all the details of 
 business day by day can bring about success in any 
 line of manufacturing. 
 
 Tiie idea that it neeils nothing bul to erect a mill, 
 slock it with machinery and «el it going, to make 
 nuMiey, has been dlssi|Mled by the logic of events. 
 Success conies only by practical knowledge, close 
 alUiilion to details, and w.ilclilul economy al all 
 points. In all these respecis we are •.;aiiiing giound 
 every year, ainl we are also educating a maiiulacliir- 
 ing populatjon. 
 
 Our various lines of importing business are subject 
 very much to the same sijle of remark. It is evi 
 dent more and more that nothing bul a practical 
 knowledge of th' goods dealt in, ol the best niarkels 
 in which lo buy, and of the varying tastes and circum- 
 stances of the population, combiiuil with a n asoii- 
 able capital and good rmaiicial management can had 
 to success. 
 
 This applies both to the wholesale and retail trade, 
 Ihil with respect to the wholes.ile trade, the force of 
 capital is beiDiniiig more iin|)ortant as a factor every 
 year. .And every year it is becoming more iinpor- 
 lani to have the crediting department of a wholesale 
 house under walcldul maiiagi uienl. I'or it is gener- 
 ally here, rallier than in the business ileparlmeni of 
 a house, ihat the mistakes are made which bring 
 about insolvency. 
 
 And (his leads ine lo say, what has been said again 
 and again before, but we must keep on .saying ii, 
 that in many ilcpartmenls of the whoUsale trade 
 the credit given and taken is unreasonably long, bad 
 for ihe buyer, bad for the seller, and iiol good for 
 I lu' consumer. , It is one chief hiiulrance to success 
 and prosperity. Capital is friltered away by it and 
 the labor of years lost. 
 
 If there is one thing that calls for allenlion, for 
 persistent labor, and even for sacrifice, until Ihiiigs 
 are put on a beller footing, it is the credit system of 
 Canada, 
 
 Of the intimate connection of this with banking I 
 need not say a word. All the crediting of the coun- 
 try is finally rellected and tocussed in the bill cases 
 of the banks. 
 
 The eMraordiuary railway <levelopniehl of the 
 country during the last few years has often escited 
 atlention. This has a most inlimale bearing upon 
 the development of the country. Without the means 
 of comimmicalion the linesl territory is valueless. 
 
 In Ontario and IJuebec our railway systems are so 
 ramilied that they now reach within a few miles of 
 every man's door. 
 
 Hut it is in the Xorthwcsl thai our great hope of 
 flllure development, through a well devised system 
 of railway extension, mainly tentres. There is land 
 there, and room, for a population ol several millions. 
 
 The etVecl of such a population, if we had it, on 
 the commerce and banking of the Dominion gener- 
 ally, it would be hard to over-estimate. 
 
 The foundations are laid alre:\(ly. Let us hope 
 that within a reasonable time these great stretches of 
 line country will be occupied by a |iroductive popu- 
 lation whose wants will give an impetus to our man- 
 ufactures and imports, and whose pro<luctions will 
 swell our exports to many limes tlieir present pro- 
 portions. All which would tend lo the advantage of 
 the great centres of trade in Canada, and to the in- 
 crease of the business of the Hanks. 
 
 si'AKl-. 
 
 Let me say a word in conclusion about our staff of 
 officers. 
 
 In the service of the Hank altogether we have a 
 stalf of 220 persons. Of these tliirty-.seven are in:;ii- 
 agers or assistant managers, and have much of the 
 responsibility of conducting the business of (he liank, 
 
lo i-rccl a mill, 
 
 lii^U- 111 CVCUlM. 
 
 ll()vvll.•|l^;l•, cloM- 
 f.iiiKiiiiy M all 
 ■ <4aiiiiiit', nimiiiil 
 m ii iiiaimlai'Uir- 
 
 iim'ss are Milijoct 
 luarU. Il is t'^' 
 I lilt a prai-liral 
 till' lirsl maiUi'ts 
 lai^ti'sainlrircmii- 
 willi a nasim- 
 anciui'lit ran lead 
 
 ennd rt-lail trade, 
 radf, tlif torii- "f 
 as a factor every 
 niii^; more impor- 
 Lilt of a wlioK'Male 
 I'lir it is filler- 
 L'ss (Irparliiii'iit ol 
 lade wliii-li biiiin 
 
 > lii'i'ii said a^;ain 
 cep oil sayiiiK i'- 
 rtiiolisaU' trade 
 isoiialily lout;, liail 
 rnd not ^ood lor 
 iidraiK-e lo success 
 cd away l>y it and 
 
 i for allenlion, for 
 rilice, iinlil things 
 lie trudil system of 
 
 liis with liankiiii-' I 
 •dilint; of tlie conn- 
 L'd in the bill cases 
 
 .•velopnicnt of llie 
 s lias olteii e\<'ilcd 
 imale lieaiinn upon 
 WillioiU the means 
 ory is valueless, 
 ihsay systems are so 
 thin a few miles of 
 
 t our great hoi)e of 
 rtell devised system 
 itres. There is land 
 n of several millions, 
 on, if we had it, on 
 the Dominion (jener- 
 timate. 
 
 ■e:Mly. I.el us hope 
 ese great stretches of 
 ly a productive popu- 
 inipelus to our man- 
 lose productions will 
 les their present pro- 
 d to the advantage of 
 anada, ami to the in- 
 iiks. 
 
 sion aliout our staff of 
 
 altogether we have a 
 thirty-seven are m".n- 
 nd have much of the 
 • business of the bank. 
 
 AasTH.vcT OF Annual Statkment of Banks : 1800. 
 
 317 
 
 It was observed long ago by one of tile ablest 
 bankers that ever lived .\lr. 'iilbarl, ol the London 
 and Wistiiiiiisler Hank that llie tr.iining ol clerks 
 mill ollicers of a Hank is a mailer ol lirst rate impor- 
 tance, ami doerves con-,lant alti'iilion at the hands 
 ol the general iiianagenieiU. 
 
 ( In this idiiviction we have long ailed. Uules 
 anil regulalions with that end in view have long 
 been in lone in the Hank, and a coiisidirable part of 
 the lime of the geiiei.il inanageminl is oicupicd w illi 
 the work of increasing the knuwlidge and ellicieiuy 
 of llie slall at all points. 
 
 I am gl.id III si'i.' that such ellorts have been re- 
 warded by a good me. sure of success. ( tiir mana- 
 gers as a wlioU' understand their business well, and 
 appreciate their re-,ponsibilities, and we are eoii- 
 slanlly on the lookinil lor indicalions of intelligence 
 and ability in the whole cirle of our employes, and of 
 stimulating endeavors after success by judieious pro- 
 motion 
 
 ' eir cool) 
 lie Hank 
 mind the slockholders on this occasion that they have 
 a number of valuable servants who laver make their 
 appearance at the annual meeting and are for the 
 most part entirely unknown to them, but whose 
 character, ability and good cmiduct are of the very 
 e.sseiice of the iiianageiiieni of the Hank. 
 
 'I'hey have endtavoured to serve you faithfully in 
 the [last, and with s.mie amount of success. I speftV 
 for every member of the staff along with myself in 
 saying that il will be our endeavour to dn al least a- 
 well in the future. 
 
 W illioul their co-oiieralion it would be impossililc 
 to carry on the Hank successlully. I desire to re- 
 
 i,.\ n.\N(,iri'. Di; n;L'i'LK. 
 
 The annual meeling of I.a liani|ue du I'eupU' was 
 held on the Jrd March, kSijo, in the lioard room oJ 
 ihal institution, Montreal. 
 
 The sicrelary read the annual report as follows ; 
 
 The directors beg to submit lo the shareholders 
 the statemenl ol the affairs of this bank lor the year 
 ending 2Sth I'ebruary, 1S90; 
 Dr. 
 
 Dividend, 3 per cent., paid .Sept. 
 
 I St , I .S.Srj" $ 36,cxx) 00 
 
 Dividend, 3 per cent., payable 3r(l 
 
 March, 1S90 36,000 00 
 
 .Amount carried to reserve fund. . . . 50,000 00 
 
 Halance cariied to cridil ol prolit 
 
 and loss account 1,239 03 
 
 $ 123,239 03 
 
 Cr. 
 
 Net profits for the year after paying 
 expenses, and providing for all bad 
 and doubtful debts $ 123,239 03 
 
 The net profits of lli ■ year after having |irovided 
 for all bad and doublhil debts and deducting costs of 
 manageiueiit, have amounted to $123,239.03. 
 
 Out of this sum we have paid dividends al the rale 
 of six per cent, per annum ; and carried to the 
 reserve an amount of $50,000 which r.iises that fund 
 
 to $4(X),(K.O. 
 
 Till' policy to be followed with regard to ihe 
 building of the reserve fund up to 50 per cent., of 
 our capital is the .same as already expressed ; and we 
 anticipate the realization af our idea within a lew 
 years. 
 
 ( lur deposits and advances 111 the public show an 
 increase over l.ist year, while our circulation, owing 
 to the small re(|uireminls of the country for the re- 
 moval of the crop, I'onipares with a maleiial de- 
 crease. 
 
 I )em,iiid of money for niercanlile purposes lias kept 
 our eapit.il hilly invested at rcimiiieralixe rates ol 
 inleresl. 
 
 .\n agency of this Hank was opened In ( )i tober 
 last, at Coalicoiik, l'.(^). The business already done 
 has reacheil our expeclalions. 
 
 .Ml our agencies lia\e been Ihnroiiglily inspected 
 during the year, and we notice a malerial increase ol 
 their \iilume of Iransaclioiis ; lliey are working very 
 satisfactorily. 
 
 We have also lo acknowledge lo llie shareholders 
 till' efficacy of services rendered by our stalf of 
 otiicers ; their fidelity and attentive work have re- 
 flected credit 111 the instjlution. 
 
 t oii>idcring llie general depression and stagnancy 
 thai has evisled over llie Irade during the year, we 
 hope the sliareliolders wiM be satiilied al our results; 
 alllioiigh they have not reached our expeetalions, 
 priilits rcali/ed are fair. 
 
 I!y order of ihe Hoard. 
 
 J. (iKI'NIKU, 
 
 I'resideiil. 
 MK. llOt'Si,HIl.v|'s ADIiRI'.SS. 
 
 Mr. J. .S. Hoiisiiuel, the manager, then gave his 
 annual address. He said: Hefoic reviewing the 
 irade of this I'ruvince, in its various branches, since 
 tin- last annual meeting of the shaieholders of this 
 institution, 1 will add a few suppleiiieiitaiy remarks 
 lo the directors' report with regard to our own 
 afTairs. The business of this liank, through the 
 energy of your president, directors and nianagers, 
 has lieen well niainlained, under an economical and 
 vigilant adniinislralion, and the movement of its 
 legilimale advancement, progress and development 
 has been kept forwaid. The year just ended has 
 experiiMiced a great nuniber ol disasters, resulting 
 ( liieliy Iroin bad crops and un.seasoiiable weather. 
 The stale of depression and stagnancy thai has pre- 
 vailed over li.ide has I (in foi yiiur directors in the 
 cimihu't o( the Hank business the source of great 
 anxiety. I'ailures have been numerous in all 
 branches ; and they have had to lend your money lo 
 people engaged in those various branches. The 
 risks inluTL-nl to a banking business, when the lield 
 ol operiilion is under such circanistances, are great, 
 and with the most careful management and constaiil 
 vigilance losses caiinolTie avoided. Li the circle of 
 our nuineioiis cu>liimers, a few failures have occurred, 
 and we have experienced our share in the general 
 losses. Keturns, especially from our agencies, have 
 been poor, owing to the bad slate of the trade ol the 
 country at large, and although a material increase is 
 noticeable in the amount of our transactions and 
 earnings, net profits realized, for the above causes, 
 have been by many ihousand dollars less than those 
 of the previous year. However, allhough the results 
 have not reached our expeclalions, ihey could have 
 been worse under such adverse circmiislances, and 
 our statement shows an increase of deposits during 
 the year of $270,132.22, while our advances to the 
 iniblie are now $5,(172,278.21, against $5,169,687.98 
 in the pievious year. On the oilier hand our circu- 
 lation, owing to the small re(|uirements of the 
 country for the removal of th.e ciops, .sluiws a ma- 
 terial decline ; bui. it is in jaoporlio,! to the decrease 
 I noticeable in the general circulation of the Hanks. 
 The amount of debts overdue and not yet settled is 
 
ni8 
 
 Abstract of Annual Statement of Banks : 1S90. 
 
 also very small. Hence it is gratifying to be in a 
 position, after sucli a year of general depression, to 
 state to the shareholders that as a result of our en- 
 deavors, we have in almost every respect gained 
 ground ; that the general statement shows an increase 
 of deposits and advances to the public, while the 
 earnings have nelteil loj4^ per cent, of our capital, 
 which may be considered a fair resuU. 
 
 GENERAL KKVIKW. 
 
 The trade of this province for the year just ended, 
 has not been generally prosperous, and has, perhaps, 
 been more disappointing and unsatisfactory than any 
 for a numl)er of years past, partly because more had 
 been ex|)ecled of it. Its general outlook at the 
 beginning led to the belief, from its fairly prosperous 
 conditions, in an increase of activity in all the 
 branches, and indicated greater general prosperity 
 than has been experienced. In looking back upon 
 the year for those leading events which hail a con- 
 trolling inlluence on general business, we may men- 
 tion, notalily, the almost incessant rains which con- 
 tinued, with but few and temporary interruptions, all 
 the year round ; the faihire of the grain crop and 
 cereals, and the unprecedented low prices for agri- 
 cultural products ihrouglmnt the country. The first 
 and greater factor in general i)rosperity for an agri- 
 cultural province like ours is good crojis, and the 
 next is good prices for them. The whole community, 
 more or less, dejiends on those returns, for it is 
 the supply of these necessities of life that determines 
 the movements and channel and volume of business, 
 and prices and profits and losses thereon. 
 
 The crop of 1889, owing to unseasonably cool and 
 wet weather has then been very poor ; grain with 
 but few exceptions has been a failure in every 
 locality, and in many instances farms have not 
 yielded enough to pay for their seed and labor. 
 This has not been true only of the cereals, but 
 everything farmers have raised. Hay is the only 
 exception. Although of a bad quality the harvest 
 has been abundant, but prices for it have reached a 
 point in remote sections which hardly [lay farmers 
 for hauling their crop to market after being har- 
 vested. Although oui rop is very small, i)rices, 
 contrary to expectations, have been low. The 
 shrinkage in grain value is explained by the large 
 crops harvested in the United States during the last 
 two years. The statistics of their grain crops for 
 18S9 are something (piile unparalleled, and unfor- 
 tunately the large yiclil of grains, following directly 
 upon the abundant crop of 188S reduced prices to a 
 minimum unprecedented. .So their surplus has re- 
 flected on our markets, and accounts for the low 
 prices now ruling here. The value of the production 
 of the year for these causes has been considerably 
 diminished. The business of the community at 
 large, and its general trade, which directly depen<ls 
 for activity on the farmers' returns, has then felt the 
 first .setback on tl.e improved business ]irospects for 
 1889 with which everybody entered last year. 
 
 The poor return of crops has deprived the Pro- 
 vince of millions of dollars, and lowered its power 
 of purchasing to the same extent. As a natural con- 
 seipience, farmers all round have been impoverished, 
 and a great numl)er under the necessities of meeting 
 interest on farm mortgages have been compelled to 
 increase their loans. i)eprived of their natural in- 
 come they have sought from merchants and bankers 
 temporary assistance, incurring by the fact new 
 liabilities, instead of relieving their old indebtedness. 
 Country storekeepers who, under very encouraging 
 prospects, had purchased pretty freely in the early 
 
 spring, were severely tried, and many have suc- 
 cundied under the i)ressure for remittances owing to 
 their inability to colled farmers' accounts. 
 
 In wholesale trade, a great falling off in the sales 
 of the autumn took place, while winter trade has 
 been disastrous. In fact, during ihe two or three 
 p.asl months commercial travellers have returned 
 emply-handed, owing lo the unwillingness of the 
 country retailers to purchase ; and collections from 
 rural di.-lriets were very ba<l. The volume of busi- 
 ness has been materially below the average of last 
 year, and although general it has been fell more keen- 
 ly by certain lines. Indeed, during the last six 
 months there have been only comiilaints, and a great 
 nundier of failures has occured. Those were the 
 natural conse(|uences of the ))rolonged state of 
 stagnancy and depression in business. ,V.s a whole, 
 liie situation ilUistrated from the balance .sheet shows 
 that returns have not contributed nuich wealth to the 
 cajjital of last year. 
 
 FAILURES. 
 
 We tind ihe dark side of our trade revealed by the 
 greatly increased numi)er of failures. According to 
 the returns of our mercantile agencies 'he total lia- 
 bilities of failures last year, for thi-. Province, 
 amounted to $6,s58,lo5, against $4,466. S^4 in 1888, 
 and the whole nundjer of concerns failed was 651 
 against 482 in the previ. ^ year. This shows a stale 
 ol things fiir from satisfactory, and was to many a 
 great surjjrise. We all know that for one reason or 
 another bankruptcies will occur in the most prosper- 
 ous years, but when the failure list is swollen to the 
 extent of that of 1889 we may ask if really to a cer- 
 tain measure this is not the result of an unhealthy 
 condition of the trade in some of its branches. l?y a 
 thorough analysis made of that enormous increase in 
 insolvencies and the consequent heavy advance in 
 the amount of liabilities, we find out, by its general 
 distribution in every branch of industry, that these 
 failures are nearly all traceable to unseasonable 
 weather, for no doubt poor returns of crops during, 
 we may say, the last three years in succession, fol- 
 lowe<l by the heavy shrinkage in grain values and 
 low prices for cereals, have shaken up solvent firms 
 in this Province, and for those causes sales have been 
 slow, remittances light, farmers unable to meet their 
 obligations, and a general decrease in Ihe volume of 
 business has taken place ; but failures have also dis- 
 close<l a weak condition of the trade in some of its 
 branches. 
 
 (lur trade chiefly seems to have experienced more 
 difticulties than any other portion of the Dominion. 
 In Ontario the situation, measureil by the failure 
 record, shows no mate-ial changes from the [ireced- 
 ing year, while the Maritime Provinces have enjoyed 
 a year of prosperity, and Manitoba is noticeable for 
 the small number and liabilities of its failures. The 
 mnuber of insolvencies for the Dominion has been 
 1667 in 188S, against 1764 in 1S89, showing an in- 
 crease in number of 97. The amount of lialiilities of 
 insolvents reads as follows :— $14,000,000 in 1888, 
 against $14,500,000 in 1889, showing as a whole an 
 excess in the liabilities of the Dominion of $500,000. 
 The growth in number of failures for this Province 
 alone has been 169, and in the amount of liabilities 
 $2,400,000. Therefore we figure on the average 
 commercial disasters at a great disadvantage, and 
 the comparison is not at all reassuring. All the 
 other Provinces have experienced bad crops, low 
 prices and unseasonable weather in the same projior- 
 tion as we have. The result on their general trade 
 has not, however, been so disastrous, and but for the 
 
AasTUACT OF Annual Statement of Banks ; 1890. 
 
 did 
 
 liave sue- 
 owing to 
 
 11 the sak's 
 trade lias 
 ;) (ir lliicc 
 returned 
 ess of the 
 ctions from 
 le of liusi- 
 age of last 
 more keen- 
 last six 
 and a j;reat 
 i; were the 
 . stale of 
 \s a whole, 
 sheet shows 
 ealth to the 
 
 laled by the 
 
 ^ccordinjj; to 
 
 le total lia- 
 
 I'rovince, 
 
 S^4 in 1888, 
 
 ed was 65 1 
 
 liows a state 
 
 to many a 
 
 ne reason or 
 
 lost prosper- 
 
 ,-ollen to the 
 
 illy to a cer- 
 
 in unhealthy 
 
 hes. I?y a 
 
 ^is increase in 
 
 ' advance in 
 
 by its general 
 
 y, that these 
 
 unseasonable 
 
 crops during, 
 
 iccession, fol- 
 
 in values and 
 
 solvent firms 
 
 lies have been 
 
 to meet their 
 
 the volume of 
 
 have also dis- 
 
 in some of its 
 
 jrienced more 
 he Dominion. 
 by the failure 
 111 the ))reced- 
 i have enjoyed 
 noticeable for 
 failures. The 
 iniim has been 
 howing an in- 
 of liabilities of 
 0,000 in 1888, 
 as a whole an 
 n of $500,000. 
 ■ this I'rovince 
 nt of liabilities 
 n the average 
 dvantage, and 
 ring. .Vll the 
 lad crops, low 
 e same jiropor- 
 r general tra<le 
 and but for the 
 
 increase of our insolvencies the Dominion would 
 have as a whole shown a decrease in the total liabili- 
 ties of insolvents. 
 
 Hence it is ignillcanl that this I'rovince has not, in 
 case of emergencies in crops, the same resources as 
 they had to fall back on to feed its industries. Hav- 
 ing said that the great factor in the prosiierity of an 
 agricultural country like ours is the farmers' products, 
 by a sharp comparison of our commercial disasters, 
 we are led to believe thai a shrinkage exists in ou" 
 agricultural department, and that farming is not 
 properly attended to. 
 
 Ainucui.ruKi':. 
 
 This great department of our resources has been 
 neglected and entirely left to itself for many years 
 back. In (act moilcs and methods now in use in the 
 working of the farms are the same that were in 
 existence twenty years ?.g'\ Fr-.rmers in this I'rovince 
 derive a very small profit out of tlie large area of 
 land, and as a rule depend entirely either on a grain 
 or hay crop for their living, and in case of failure 
 have nothing to fall back on. Tlie la:. I two or three 
 years have clearly shown the fallacy ol their mode ; 
 consequences for a great number have been disastrous 
 and many are reported bankrupt to a great extent, 
 (ireat advantage would result if mixed farming was 
 adopteil. This mode, l)y the agricultural classes in 
 other provinces, especially in Ontario and the N'ortli- 
 West, has been accepted since many years, and they 
 have found it iirofuable, and offering greater advan- 
 tages as to resources. A close attention should then 
 be given at once to the important consequences as to 
 profits deriveil from that mode, and the energy and 
 elTortsof our farmers should be directed to it. Now, 
 to relieve it from its present profitless state, it is 
 time that new life be infused into our agricultural 
 works, that schemes of reform be inauguarted by the 
 Provincial Department of .\griculture, and that im- 
 proved uu'thoils in the general working of the farms 
 lie adopted liy farmers. Cattle and ilairy products, 
 from their great demand on the Knglish market, 
 afford them an oii|)ortunily for immediate reform, 
 and whicli, if accepted, and properly attended to, 
 would contribute towards improving their returns by 
 creating new resources. To illustrate tlif-- movemenl 
 of iirogress made in that direction, and the large 
 profus derived from it by the Douiiiiion, a comparison 
 of our dairy pniduce exports ten years ago will show 
 that mixed farming has createil in a short time a 
 revenue revealing by its magnitude the great re- 
 sources of our farms, and also the great iuiporlance 
 to the trade of a country like ours that the general 
 working of the farm be well executed. Ten years 
 ago, in 1879, the value of cheese exported was 
 $3,700,o<xi, that of butter $2,100,000, while for the 
 year just em. ed the figures stood: L'heese, $9,500,- 
 oo(J, an<l butter $1,125,000. We must then bear in 
 miiul that in the extraordinary progress made during 
 the course of a few years by the dairy industries of 
 t'anada, and its enormous increase in exports, that 
 this I'rovince is figuring for siicii an insignificant 
 amount that we should be ashamed to mention it. 
 As to cattle, Montreal for its consumption is jiaving 
 nearly $2,000,000 to Ujiper Canada, and $5G>j,ooo 
 to the I'niteil Stales for hogs. Comments are un- 
 necessary. 
 
 DRV CllOIIS. 
 
 The stale of depression of this most imporlant 
 distriliuting brancli of our trade is becoming worse 
 every year. .\ merchant, desirous of prosperity, has 
 to liuii<l his trade on !,ound business jirinciples, that 
 is, to buy judiciously, bell with fair profits, effect 
 
 prompt returns of sales, and regulate his expenses 
 according to returns. Want of forethought or ignor- 
 ance of those strict business principles which are the 
 basis f)f success, are the chief causes to which ni.ay be 
 attributed the disasters thai have taken jilace in the 
 dry g(jods business, and merchanls ought to awake 
 to that fact. This line rests on principles decidedly 
 opposed to jirosperity, for their sales are made on a 
 small margin of profits. Kxpenses incurred by the 
 liresent mode of selling through commercial travel- 
 lers arc large, urdimiled credits granted are full of 
 emergencies and losses, and large stocks carried in- 
 volve heavy interest accounts. The results are now 
 telling hard on those who have invited that condition 
 of affairs, and I would say that very few in that 
 line have made money on their year's transactions. 
 That a change in the jiresent method of buying and 
 selling has to be brought about sooner or later to re- 
 lieve this branch of trade from its depression, nobody 
 doubts ; but although forced to acknowledge the un- 
 healthy state of their trade by the disastrous returns in 
 the balance sheet, merchants and manufacturers do 
 not seem yet decided to take any immediate action 
 in order to prevent further disasters. 
 
 C.ROCKRIES. 
 
 The volume of transactions in this line shows a 
 decline, but the profits under a less severe coi ipeti- 
 tion have a tendency to increase. Although fieavy 
 losses were sustained, the returns have been fair. .\s 
 a whole, with the exception of the country trade, 
 which is in a dejilorable condition, they are satistieil 
 with what they have done, although their earliest 
 anticipations have not been realized. 
 
 BOOTS AM) sHor;s. 
 
 The statistics of failures report an increase of 
 $900,000 in the amount of the liabilities of insolven- 
 cies in this line during the last year. This has not 
 been a surprise to the business comnuinity as it was 
 well known that a rotten spot was existing in the 
 tra<le ; too many manufacturers were crowding the 
 field, and the excess has been swept away by the 
 crisis. Those disasters to a certain extent were anti- 
 cipateil. 
 
 I.tl.MMKK AND MlfiAI.S 
 
 Have had a year more of great activity, as con- 
 struction within the city for large amounts has been 
 carried on. The era of progress seems to favor 
 that business for next year. However, greater care 
 has to be taken with regard to small capitalists who 
 ImiM on speculation, for which purjiose they are 
 l)oridwing lieavily, as a sudden turn of the wimi of 
 prosperity on those who have counted too much on 
 it may upset their situation and involve great 
 <lisasters to them. 
 
 RKAI. KSTATF.. 
 
 .\ sharp hunt by local and outside capitalists for 
 investment properties has taken place during the 
 year ; the prices seem by their gradual inflation to 
 receive a sound impulse from hoiiii Jidc investors, and 
 a reaction so far is not to be anticipated. Lumber 
 ex|)orts and manufacturing interests I do not refer 
 to, as so very few of our clients are connected with 
 them. In all the minor branches commercial trans- 
 actions have suiTered a decline in volume. In the 
 actual stale of finance there prevails a stringency of 
 money with nothing in sight to relieve il ; circulation 
 not fieing wanted for crop re(|uiremenls, is making 
 its way home through the channel of agencies, and a 
 drain on bank reserses for thai cause during the last 
 two or three months has taken place. Hence, the 
 
 ill 
 
;}2() 
 
 Abstract ok Annuaf. Statkmext of Banks : 1800. 
 
 practice of makiiij; new time (.■n^a^jL-mcnls is for the 
 prcsi'iil out of favor. .\s to the liitiiri.' of the money 
 marUet it is iljfiicuil to forecast. I'he anticipations 
 are that higli'^r rales of interest will set in <lurin,i; the 
 year and tliat we may experience n still sliffer money 
 marUel, as the failure in cro|is has made this country 
 ]ioorer by many millions of dollars. Hij^her prices 
 for hay may temporarily help the market l>y stinui- 
 lalini; the export, hut to a very nominal extent. 
 
 Merchants should then conduct their tinances ac- 
 cording to those expectations and he careful in tlieir 
 enterprises, avoid buyini^ ahead of wants, limit their 
 (lurchases to the immedi.ite rei|uirenuiUs of their 
 iiusiness, shorten their credits and restrict their per- 
 sonal ex])enses in order to meet all emergencies and 
 not he disturlied by any change lliat may occur in 
 the money market. Kvery trader desirous of pros- 
 perity, to carry his business successfully, n)ust direct 
 his ten lencies and energy to prompt returns of sales. 
 .Short dales mean ])rompt payment, and the longer 
 you spread the credits the lighter the remittances will 
 be. Merchants should hear in mind that either buy- 
 ing or selling on long terms carries in itself evils 
 which, in the long run, will bear fatal consecpiences 
 on those who practice it. We cannot, of course, ex- 
 pect or anticipate that general business will ever 
 entirely be transacted on a cash basis. We know 
 that e\ery merchant has to sell on credit and carry a 
 certain amount of indebtedness ; but to be judicious 
 in the opening of credits, and not to go beyond the 
 line of safety is a wise [xilicy unfortunately not un- 
 derstood by a great number. The and)ition of swel- 
 ling the amount of their yearly transactions forces 
 them to accept great risks, just for the sake of count- 
 ing on gains which are likely to be, consequently, 
 swept away by the insolvency of the parties they are 
 trusting ; and that accounts for a grc ' share of the 
 numerous failures. 
 
 The general actual business situation is decidedly 
 not encouraging, and the feelings with regard to its 
 future outlook do not under present circumstances 
 appear to favor a revival of activity shortly. .V con- 
 timiation of the jiresent de|)rossion till next autunui 
 is the |>robability thai awaits the trade. In this city, 
 where sums of money are lo be expended by cor- 
 porations for harbor improvements or other purposes, 
 a lighter I'egree of .activity in business m.ay set in at 
 spring; abo a great number of constructions are to 
 be I'rectrd during the year ; so, we have every reason 
 to anticipate that the working classes will be well 
 employed at remunerative wages, as manufacturers 
 are also running, so far, full time, makir\gfair prollts, 
 withorders in lianil ahead of iheir iiroductions. Hut 
 co\intry retailers, under the poverty of our farmers 
 and the low jirice now ruling for their jiroducts, will 
 experience hard times until a new crop comes in to 
 relieve the situation, as there is nothing in sight, as 
 I have already said, but the anticipation of higher 
 prices in hay, which would return to the remotj sec- 
 tions of the country a How of money and east their 
 l)resent alarming slate. 
 
 15ANK OF H.'VMILTON. 
 
 DTKK.CTOKS' ANNHAl. Kl'.l'rmi', 189O. 
 
 The eighteenth animal meeting of the shareholders 
 of the Hank of Hamilton was helil on the 17th June, 
 I S<)0. 
 
 The secretary read the re|iort of the directors as 
 follows : 
 
 The directors beg to submit their eighteenth annual 
 ri'port to the shareholders for the year ended 31st 
 May, 1890 : 
 The balance at credit of 
 
 profit and loss account, 
 
 31st .May, 1S90, was. . $10,425 15 
 Less amount voted to 
 
 ■ 'resident at last an- 
 nual meeting 5,000 00 
 
 $ 5.4-;5 IS 
 
 The profits for the year ended 31st 
 May, 1S90, after <leducting charges 
 of management and making hill pro- 
 vision for all bad and doubtful debts 
 are 142,827 41 
 
 Kroni which has been declared — 
 
 Divideiul 4 per cent., 
 paid 2iid December, 
 
 1SS9 $40,000 CX) 
 
 Dividend 4 |)er cent., 
 
 payable 2nd June, 1S90 40,000 00 
 
 Carried to Reserve Funil ,$50,000 00 
 
 ('arried to rebate on cur- 
 rent bills discounted. . 5, 000 CO 
 
 Written off Mank i)rem- 
 ises and olhce furniture 
 
 accounts 2,935 4- 
 
 $148,252 56 
 
 8o,poo CO 
 $08,252 56 
 
 57,935 42 
 Kalance of jirofil and loss $10,317 J4 
 
 The steady and healthy growth of the Hank's 
 husiness has continued during ihe past year, and 
 with fairly profitable results. 
 
 The Cayuga .\gency, having failed to develop a 
 I satisfactory volume of business or siifllcient profit lo 
 I make its conlinuance worth while, has been do.sed. 
 j .\ new agency has been opened at Chesley, in the 
 { County of liruce, with apparent promise of success. 
 [ 'i'he directors have decided lo proceed with the 
 erection of the new bank building, which was con- 
 leniplated when the site at the corner of King and 
 J ames streets was aoi|uireil a few years ago. Plans have 
 been preparecl an<l the more important conlracis lei 
 for a solid stone building of suitable design and con- 
 struction. 
 
 JOII.N SrUAKl', 
 
 President. 
 .Mr. Kamsay, in presenting the re[)ort, said : Dur- 
 ing the past year, I deeply regret lo say, our Hank 
 has lost one of its Directors, one of the most valuable 
 of the board, in the |)erson of the late Sen.ilor James 
 Turner, lie had been ideiitilied with the P.ank for 
 many years, and gave much of his attention to it. 
 The Hoard of Directors deeply feel the los« caused 
 by his death, but an' glad to be able lo say that they 
 were fortunate in securing an able man in the person 
 of .Mr. A. H. Lee, of Toronto, to lake the place of 
 
890. 
 
 hari'liolders 
 c 171I1 jllIH', 
 
 ilirccliiis as 
 
 x'iitlKiiimial 
 r ended 31st 
 
 $ 5.4^5 >S 
 
 142,827 41 
 $148,252 56 
 
 8o,poo CO 
 $08,252 5() 
 
 - 57.935 42 
 
 . $10,317 i"4 
 
 of llio Hank's 
 past year, and 
 
 ■d lo devoUip a 
 ricient i)rolil lo 
 IS been closod, 
 (lieslcy, in llie 
 miso of success, 
 niceed willi the 
 which was con- 
 er of Kiiij; and 
 aijo. rianshave 
 ant contracts lei 
 design and con- 
 
 Stuart, 
 
 I'residciU. 
 orl, said : l)ur- 
 ) say, our lianlv 
 le most vahialile 
 _■ Senator James 
 ill the Hank for 
 attention to it. 
 the loss causeii 
 lo say tliat they 
 in in the iierson 
 ke the place of 
 
 AiwruACT OF Annual Statement ov Banks : 1890. 
 
 321 
 
 the deceased on the board ; and in connection with 
 our Toronto branch I am ]ileaseil to stale that his 
 name has been a valuable .iddiliun to the Conipany's 
 Hoard, for this branch has already proved a j^reat 
 success. 
 
 As you will see from the report, the year has been 
 one of satisfactory progress. The prolits of the year 
 have exceeded the prortts of last year by several 
 thousand dollars, and we have been able to carry to 
 the reserve fuml $50,000, whereas last year 
 the amount carried to this fund was only $40,- 
 000; and still there is an amount slightly over $10,- 
 000 carried forward to the profit and loss account. 
 Vou will observe in reference to the position of the 
 Bank, that we have at the present time assets which 
 reach the sum of $6,021,077.04. Last year the 
 amount was $5,703,000, so that there has been an 
 increase dining the year of about $3«j 000, which I 
 dare say you will all agree is (piile satisfactory. The 
 amount of discount business done by the Hank has 
 been very large, showing an increase of a consider- 
 able amount. In reference to the future of the Hank, 
 it is, of course, impossible for me to say defmitely, 
 but we have every reason to hope and expect that it 
 will be '.lore prosperous than ever in the future. 
 There has been great promise throughout the coun- 
 try. As far as the crojjs are concerned I may .say 
 that the prospect is such as to give us strong hopes. 
 I,-"" sure the Hank will be able to maintain the posi- 
 tion it holds in our city and among the institutions 
 of the land. With these remarks I have much 
 pleasure in moving the adoption of the report which 
 has been presented. 
 
 Mr. Ceorge Roach said : Mr. (,'hairinan and (len- 
 tlemen, — In arising to second the adoption of the 
 report, it is unnecessary for me to lake up much of 
 your time. The statement of the affairs of the Hank 
 for the year is before you, aiul the remarks which 
 have been so ably made by our Vice-President give 
 you any further information you may desire, but 
 there is one clause I would like to say a word about. 
 It is the clause in reference to the reserve fund, 
 which has, during the year, been increased by $50, 
 000, and which now amounts to $450,000. This 
 must be a source of great satisfaction to all, and an 
 additional ground of public confidence. 
 
 Till-: impi;ki.\l h.vnk ov Canada. 
 
 The fifleeiith annual general meeting of tiie 
 Imperial Hank of Canaila w.as held, in pursuance of 
 the terms of i1k charter, at the Hanking House of 
 the Institution, Toronto, i8th June, iSgo. 
 
 The .secretary re.iil the report of the directors. 
 
 THE KF.I'OKI. 
 
 The directors have pleasure in siilniiilliiig lo the 
 shareholders the fifteenth annual balance sheet and 
 statement of profits for the year ended 31st May, 
 1890, from which it will be observed that the busi- 
 ness of the Hank for ihe past year has resulted satis- 
 factorily ; dividends at the rate of eight per cent. 
 per aimum, aniounling lo $i20.ixx), h.ive been paid 
 to shareholders ; llu' reservi fund has been increased 
 by $5cj,ooo, and now amounts lo $700,000 ; and a 
 balance of $480,020.05 is carried forward at credit 
 of profit and loss accounl. 
 
 Vour dircclors lake this opportunity to e\ple^s 
 their deep regret at the loss by death of their late 
 foiificrc, the Honorable .Vlexander Morris, whose 
 opinions and advice, based upon long experience in 
 
 40 
 
 the management of public and private affairs, were at 
 all times held in high esteem. 
 
 'I'lie charier of the bank, which, under the Hank 
 .\<t of 18S1, would expire in July, 1S91, has been 
 renewed under 53 X'ictoria, (,'haii. 31, with other 
 Hank Charters, for a further period of ten years from 
 thai dale, upon conditions that on the whole arc 
 ■salisfacloiy to your directors and in the interests of 
 the public. 
 
 .Ml of which is respectfully submitted. 
 
 11. S. IIoWI.ANl), 
 
 President. 
 Statciihii! of I'fofils for the Yiar ending jisl 
 
 Balance at credit of profit and loss 
 account 31st May, 1889, brought 
 forward $ 21,911 02 
 
 I'rofils for the year ended 31st May, 
 1800, after deducting charges of 
 m lu.igement and interest due deposi- 
 tors, and making full provision for 
 all bad and doubtful del)ts '99.035 55 
 
 From which has been taken ; 
 
 Dividend No. 29, 4 per 
 cent, (paid ist Decem- 
 ber, 1889) $60,000 00 
 
 Dividend No. 30, 4 per 
 cent, (payable 2nd 
 June, 1890) fjo,ooo 00 
 
 $ 220,946 57 
 
 120,000 00 
 
 Written olT bank prem- 
 ndses and furniture ac- 
 count $ 2,926 52 
 
 Carrieil to Rest Account 50,000 00 
 
 Balance of account carried forwar 
 
 $100,946 57 
 
 52,926 52 
 $48,020 05 
 
 J-.i-Sl A' (CUNT. 
 
 Balance at credit of .accoun', 3ISI May, 
 
 1889 $650,000 00 
 
 Transferred from profit and loss account 50,000 00 
 
 Total Rest account $700,000 00 
 
 ONTARIO BANK. 
 
 1)11 ' CTORS' ANNfAI. KKl'ORI I-OR 189O. 
 
 The ai uial meeting "f the stockholders of ihe 
 Ontario liank was lieM at its Hanking House in 
 Toronto on Tuesday, I7tli lune, 1890. 
 
 .\t the request of the chairman, the secretary, Mr. 
 Holland, then read the following 
 KEI'OKl'. 
 
 The directors beg to present the thirty-third annual 
 report and balance sheet of the Hank, showing ihe 
 result of its business for the year ended 31st May, 
 I S90 : 
 The net profits after deducting charges 
 
 of management, interest accrued 
 
 upon de;-'-its, etc., etc., and mak- 
 ing fidl ]ir \ision for bad and doubt- 
 
 lul <lebls, not otherwise provided lor 
 
 wri-' -$133,578 .10 
 
 Profit and loss (brought forward Irom 
 
 31st .May, 1889) 9,20565 
 
 $142,783 95 
 
322 
 
 Ahstijact or Annual S'rATKMENr of Banks : ISOO. 
 
 li rough t foi-.i'anl $142,783 95 
 
 Which have been ainiropriatetl as follows ; 
 
 Dividend No. 64, T,y% 
 
 per cent, paid 1st Ue- 
 
 cemlier, 1889 $52,500 00 
 
 Dividend No. 65, lYz 
 
 percent, paid 2nd June, 
 
 1890 '..... 
 
 Written off lianl< premises 
 
 52,500 00 
 
 105,000 00 
 10,000 00 
 
 115,000 00 
 
 Balance of profits carried forward.... $ 27,783 95 
 
 While the j^eneral business and earning; power of 
 the Hank have continued satisfactory, the directors 
 regret tliat e.NCcptional losses have been met with at 
 the .Montreal and Toronto oftices, the latter being 
 occasioned through a consjiiracy formed by three of 
 its senior officials. These persons have lieen prose- 
 cuted criminally, and civil proceedings are now going 
 on against certain customers of the Hank to rect)ver 
 the amounts illegally obtained by them through the 
 connivance of the above officials. 
 
 The realization of the lands and other securities 
 held in connection with the late offices of the Hank 
 in the North West was, as intimated in last annual 
 report, continueil during the year, lull owing lo the 
 deficiency in the harvest ami the large offerhigs by 
 railways and other corporations coming into compe- 
 tition, sales were skiw, and a delay of some time yet 
 must be anticipated and provided for before the 
 Bank's holdings in this particular can be disposed of. 
 
 To provide for losses ascertained or anticipated in 
 connection with the foregoing, your directors have 
 been obliged to avail themselves of the reserve fund, 
 and as will be seen by the statement herewith, they 
 have taken from it the sum of $250,000. 
 
 As a further safeguar<l, and to provide for any 
 shrinkage in value or lo.ss that might occur in dis- 
 posing of the real estate and other securities yet lo 
 be realized upon, a further sum of $75,000 has been 
 set aside, which they have ho|ies will be found more 
 than ample for that purpose. 
 
 While this writing off may appear to be large, 
 your directors have fell it in the best interests of the 
 Hank, no mailer what the amount might be, to .so 
 deal with its affairs that they could assure both the 
 stockholders and tlie public thai every bad and 
 doubtful debt had been jirovided for. 
 
 The rest is now $250,000, or 16^'j per cent, upon 
 the capital. 
 
 It will be known lo you thai important legislation 
 affecting Hanks has been passed during the year, and 
 a new charier authorized, to lake effect on aiul after 
 the isl July, 1S91. The measure, on the whole, 
 may be considered s.-,tisfaclory to this as well as 
 other iiistilulions. 
 
 'I'lie head ollice and blanches have been duly in- 
 spected during the year. 
 
 \\\ of which is respectlully submitted. 
 
 W. 
 
 r, iiowi \Ni), 
 
 I'residenl. 
 
 In moving the adojilion of the nport which was 
 .seconded by the vice-president, Mr. Hurgess, .Sir 
 W. I'. Ilowland said: The losses dealt willi in the 
 report and slalement before you are naturally a 
 mailer of regret lo the directors, more especially as a 
 portion have ari.sen and been cau.sed by the dis- 
 
 honesty of some of ihe principal officers of the 
 branch office. In the past we have been most 
 fortunate in this regard, and had always great con- 
 fidence and pride in the integrity and litlelity of our 
 staff. The office and its books were thoroughly in- 
 sijecled i' May last, and these developments 
 commencec immediately after, or in other words, 
 between inspections. They were carried out by a 
 combination or conspiracy of three of the principal 
 olllcials, who occupied positions which enabled them 
 to .so manipulate the balances and the books, it was 
 difficult, if not im|iossible lo detect them. If the 
 officials alone had been concerned, it could not have 
 gone on lo the extent it did without being detected, 
 but outside parties, reputed respectable and co-oper- 
 ating with them within, made a combination so be- 
 yond ctmtrol that freedom from some lo.ss was 
 impossible. We have taken measures to enforce the 
 bank's claims, and shall probably succeed in recover- 
 ing a considerable portion of the loss, but in the 
 meantime we have thought it right to ask you to 
 make full provision for any portion of it upon which 
 we think loss is likely to accrue to the Hank. 
 
 Another provision we are making is for losses at 
 our Montreal office. .Some of them are defined and 
 ascertained, while there are other large amounts still 
 open and in course of li(|uidation. 
 
 In dealing with these matters we held it to be our 
 duty to do so thoroughly, anil make what we con- 
 sider in our judgment fiill and ample provision for 
 any condition which may arise in ccmnection with 
 these accounts. 
 
 In .Manitoba, as you know, we closed our agency 
 last year, and any gentleman who has been ccnnected 
 with the banking interest in that country is aware 
 that realization of assets has been a difficult opera- 
 lion. A considerable portion of our as.sets there 
 consists of land, and in con.sequence of the unfavor- 
 able crops last year its sale has been retarded 
 materially, but the prospects in that country appear 
 now to be better, and we hope in course of another 
 year, and il the present cii>i) jjrospecls are realized, 
 that we will be able to dispose of a large portion of 
 these lands. 
 
 There are other assets some portion of which will 
 prove a loss and others will be recovered, but looking 
 into the whole position of the Hank carefully, we 
 have made a fiill estimate of any loss which, in our 
 judgment, can possibly accrue and have made full 
 provision therefor. In taking this course we conceive 
 it to be in your interests and in the interests of the 
 Hank to make this full provision for any possible con- 
 tingency or loss which we think likely upon the 
 Hank's assets, and this we have carried out lo the best 
 of our judgment ; and we think that the Hank is now 
 jilaced in a position where any profits that arise can 
 lie appropriated to the stockhoMers or to the re-in- 
 slateinenl of their reserve fund. The earning power 
 of the Hank has maintained its position and will 
 enable us, I think, lo realize as large profits as in the 
 pa^t. 
 
 Sir Willi.im Ilowland closed by inviting ciKjuiries 
 troin the stockholders and moving the adoption of the 
 report, seconded by Mr. N. K. Hurgess, who said : 
 
 The presideiu in his remarks ami the gemral 
 manager in the stalemenl have so fully laid" befi)re 
 you the position (jflhe bank's alVaiis il is unnecessary 
 lor me to go over ihe same ground. In .seconding 
 the adoption of the re]iort I will therefore say but few 
 words. t)ur losses during the year have been heavy ; 
 they have, however, been exce]itional in character, 
 and I think I am ipiite justified in saying that they 
 are not likely to occur again. We have shown them 
 
 I i 
 
Abstuact of Annual Statement of Banks : 1890. 
 
 323 
 
 :ers of the 
 
 been most 
 s j;ro.il con- 
 
 clily of our 
 
 ii()ut;hly in- 
 .'vclopmenls 
 ther words, 
 .•(1 out Uy a 
 
 he princiiial 
 nalilcd them 
 looks, it was 
 em. If the 
 lid not liave 
 
 11^ detected, 
 and co-ojier- 
 
 alion so be- 
 
 e loss was 
 
 ) enforce the 
 
 1 in recover- 
 but in the 
 ask you to 
 11 pun which 
 liaiik. 
 
 for losses at 
 e defined and 
 
 amounts still 
 
 1 it to be our 
 what we con- 
 provision for 
 innection wiih 
 
 •d our agency 
 >een connected 
 nlry is aware 
 liflicult opera- 
 r assets there 
 if the unfavor- 
 been retarded 
 country ajipear 
 rse of another 
 s are realized, 
 rge portion of 
 
 of which will 
 ed, but looking 
 : carefully, we 
 s which, in our 
 lave made full 
 rse we conceive 
 nterests of the 
 ny possible con- 
 ikely upon the 
 1 out to the best 
 he liank is now 
 i that arise can 
 ir to the re-in- 
 e earning power 
 jsition and will 
 profits as in the 
 
 iviting LiKiuiries 
 L' ado])tioi>of the 
 ess, who said : 
 in<l the general 
 fully laiil before 
 it is unnecessary 
 . In seconding 
 efore say l)iil lew 
 lave been heavy ; 
 lal in character, 
 saying that they 
 lave shown iheni 
 
 clearly in our statement, and, unpleasant tliough it 
 may have been, both to you as well as ourselves, we 
 have, as was oUr duty, dealt with them and written 
 them off so as to leave the Hank in a clean and 
 healthy condition. 1 am gkid to say the position 
 and business of the bank is good, its earning power 
 is excellent, and we are perfectly justified in looking 
 forward with confidence to its future. 
 
 Rev. Mr. Starr — I suppose, Mr. President, we are 
 to understand that there is really nothing rose-colored 
 in the statement, but from your remarks and the re- 
 marks of the vice-president we are led lo conclude 
 that we have now a fair and square statement of the 
 exact standing of the Hank, so far as the directors can 
 report. ( )f course, I feel badly, as others <lo, more 
 es))ecially on nccount of the heavy losses, all occurring 
 in one year, but 1 <lo not say this in any factious 
 spirit, for we all feel plea.sure that we are down to 
 " hard pan. 
 
 Mr. Holland — You are justified in concluding that 
 the Hank's statcmeni as it stands to-day, so far as 
 the valuation of a live business can be made, can be 
 relied upon, and that its business is in a sound and 
 healthy condition and its assets clear of all bad and 
 doubtful items, according to the liest judgment the 
 directors an<l I can give them. 
 
 In rei)ly to a sharehoUler, 
 
 Sir William I lowland said: The directors have 
 put everything down, as the gentleman says, to 
 "hard i)an," wliich, I think, is a vei^y cxi>ressive 
 term. As far as our judgment goes, we have made 
 provision for everything that will entail loss upon the 
 Bank, and something for contingencies beyond it. 
 
 Mr. lIolknd(in reply to a shareholder) —Of the 
 total writing ($325, ocK)) $75,000, as stated in the re- 
 ports, represent a provision for the carried and un- 
 realized lands and other securities held at the North- 
 west and elsewhere by the Hank. A mine in Ottawa, 
 taken over at the reorganization of the Hank at jiar, 
 and offered without success lioth liere and in Kurope, 
 absorbs a further sum, and the remainder stands for 
 the losses incurreil at Montreal and Toronto. 
 
 Mr. Harty — The explanations Mr. Holland has 
 made are very satisfactory as far as they go. He has 
 acquainted the shareholders, as far as possible, with 
 all losses which have arisen and their causes, as well 
 as the losses which may be anticipated. If it does 
 no injury to the Hank, he might go further, and give 
 us in detail the amounts making u|) the remaining 
 $190,000. 
 
 Mr. Holland — I do not think that in a meeting it 
 would be to the interests of the Bank, or the share- 
 holders, for me to go into details of the different 
 items composing the amount enquired about, al- 
 though I shall be glad to do so if you will meet me 
 after it is over. I do not desire to avoid your en- 
 quiry, for to give the information would lie a plea- 
 sure. We have nothing to fear from any enc|uiry. 
 My reticence here is caused only by what I believe 
 to be the interests of the shareholders. 
 
 A shareholder — Is it possible that the robbery 
 mentioned in the report can occur again, or is it now 
 so surrouniled with safeguards that it could not hap- 
 pen again ? 
 
 Mr. Holland — We have done all we can to guard 
 the Hank from a like occurence, by an increased 
 staff, by changes and by further and more <livided 
 responsibility ; but when the senior officers of a Hank 
 combine together and join themselves with custom- 
 ers or outsiders it is impossible, no matter what the 
 safeguards, to prevent soitie loss being incurred. 
 
 Mr. Robinson — I am here representing stockhold- 
 ers by proxy, and in regard to writing off these 
 moneys I think the direct<irs deserve a vote of thanks 
 for <loing so. I think that any institution that will 
 keep in its books anything that is not absolutely 
 worth its face is acting wrongfiilly lo the shareholilers, 
 and I hope there is not a doubtful dollar in the books. 
 1 am here as a representative of shareholders, and I 
 heartily endorse the action of the directors in this 
 matter. 
 
 The report was then carried. 
 
 BANK Ol' TORONTO. 
 
 The annual general meeting of the Bank of 
 Toronto (being the thirty-fourth since the coiimience- 
 ment of business), was held, in pursuance of the 
 terms of the charter, at the Hanking House of the 
 institution, Toronto, June, iSlh, 1S90. 
 
 ISy request of the chairman, the secretary read the 
 following 
 
 Kt'.l'OKr. 
 
 The directors of the Hank of Toronto have pleasure 
 in (iresenting to the stockholders the thirty-fourth 
 annual report, acconi|>anied by a statement of profit 
 and loss account, and a balance sheet showing the 
 [losition of the Hank on the 31st May last. 
 
 'l"he general condition of trade and agriculture in 
 the country during the past year has not been favor- 
 able to an increase of profits, but your directors have 
 to report that the business of the Hank has yielded a 
 fair return upon its operaticms. 
 
 As your directors have for several years past been 
 enabled to declare a bonus of two per cent, in addi- 
 tion to dividends amounting to eight per cent., they 
 deemed themselves justified in paying dividends this 
 year at the rale of ten per cent., believing that this 
 would be more acceptable lo the shareholders. 
 The net profits of the year, after deduc- 
 ting interest due depositors, allowing 
 rebate on current notes discounte<l, 
 and providing for all bad and doubt- 
 ful debts, have amounted to the sum 
 
 of $ 281,845 68 
 
 Add balance from last year 41,962 99 
 
 $ 323,808 67 
 
 This sum has been appropriated as follows : 
 Dividend No. 67, five per 
 
 cent $ 100,00000 
 
 Dividend No. 68, five per 
 
 cent 100,000 00 
 
 $ 200,000 00 
 
 Added to the rest account 100,000 00 
 Carried forward to next 
 
 year 23,808 67 
 
 $ 123,808 67 
 
 $ 323.S08 67 
 
 From the foregoing it will be observed that the 
 rest account has been increased $100,000, making 
 the total amount of that account $1,500,000. 
 
 Since the last report a branch office has been 
 opened in King .Street West for the convenience of 
 many cusloniers of the bank, and the result lias been 
 satisfactory lo the board. 
 
 The business of the Bank in Montreal is now of 
 such an extent that it has been deemed advisable to 
 purchase premises in a clcsir»ble location, and ther?- 
 
324 
 
 AnsTRAPT OF AN\(\\r, Statement of Banks : isno. 
 
 Iiy secure a siiilalilc nml pLTiniTiU'iil ciHicc fur llio 
 brancli in that rity. 
 
 All act was pasM-d diirinj; tlii' rocent scssinn of the 
 Dominion I'arliaMunl extendin;; the hanii charters 
 for a further period of ten yi irs from the Isl of jidy, 
 1891. The various changes in the provisions of the 
 Act received tiie careful consideration of your 
 directors. 
 
 Tlie cashier and other olilcers of tlie Hank have 
 disdiarfji'd their respective (hilies durinj; tlie year to 
 the satisfai-tion of the Hoard. 
 
 The wlii'lf respectfully sul)niitted. 
 
 (.Signed), Gkokck (iooDiKiiAM, 
 
 1 'resident. 
 
 THE <^)U1';hi:c hank. 
 
 The seventy-second annual general meeting of the 
 shareholders of the (Quebec Hanl< was held at the 
 ]lanUing House, Quebec, on Mon<iay, 2nd June, 
 1S90. 
 
 IlIUKClOKs' ANNt'Ai. Kl'.l'OKr lOK 1890. 
 
 The directors have pleasure in submitting to the 
 shareholders tlieir usual statement of Assets and 
 Liabilities of the liank as at the close of its financial 
 year on the 14111 .May last ; al.so statement of the 
 prolil and loss account. They report that the net 
 profits of the past year, after making provision for 
 Imd and doubtful debts, and after deducting all 
 charges connected with the management, aiuoiiiited 
 
 to $223,009 66 
 
 The balance of profits from last year is 
 
 brought over 48,580 30 
 
 The half-yearly dividend 
 of 3^ per cent, paid 
 in December last 
 amounted to $87,500 
 
 And a half-yearly divi- 
 dend at same rate is 
 payable on 2nd June. . 87,500 
 
 $271,589 96 
 
 was passed during the last session of the Dominion 
 rarliament, which will come into force on that day, 
 coMlimiing the charter of this Hank for another 
 period of ten years. 'Ihe provisions of the new .\ct 
 are sullicienlly liberal to admit of the business of 
 banking being carried on with advantage to the 
 shareholders and to the commercial comnuinity 
 lliroughoiit the Dominion. 
 
 The head olllce and all the branches have been 
 duly inspected by Mr. Dean, the inspector of the 
 Hank, and found in order. 
 
 The directors have pleasure in expressing their 
 satisfaction with the manner in which the several 
 ollicers of the Hank have discharged their res|]ective 
 duties. 
 
 .Ml of which is respectfully submitted. 
 
 Hy order of the Hoard of Directors. 
 
 kolil'.Rl II. Smuii, 
 
 President. 
 
 Statement of the result of the business of the 
 Bank for the year ending I4lh May, 1889. 
 
 I'KOl-ll- AM) LOSS ACfOI'NI-. 
 
 Halance of profit and loss account, 
 
 15th .May, 1889 $ 48,580 30 
 
 Profits for the year ending 141I1 .May, 
 
 1890, after deducting charges of 
 
 management, and making full jiro- 
 
 vision for all bad ami doubtful 
 
 debts 223,009 66 
 
 175,000 00 
 
 Leaving the balance at credit of profit 
 
 and loss $ 96,589 96 
 
 The rest remains unchanged at 500,000 00 
 
 The business of the Hank, since the directors last 
 had the ]ileasure of meeting the shareholders, has 
 been ))rosperous ; and although the stalement of 
 profit account shows a less amount of earnini;s, as 
 compared with the statement of last year, the dilier- 
 ence is more in appearance than in reality, inasmuch 
 as the existing loans, payable with interest on de- 
 mand, are in excess of those of the [irevious year. 
 
 Our merchants engaged in the timber trade dis- 
 posed of their stocks last year to advantage ; but 
 this year, although the arrival of deep sea tonnage is 
 larger than it was last year, the pros]iects of dispos- 
 ing of the stocks now held are not as good as they 
 were in 1889, .\n unusual backward s]iring season 
 has retarded agricultural o|)erations, and all <lescrip- 
 tions of produce are firm with a ten<lency towards a 
 rise in price. 
 
 Husiness at the several branches has not been 
 marked by any manifest change. The custom 
 throughout has been well maintained, and the 
 directors are not apprehensive of any falling off in 
 the general business of the Hank. 
 
 The charter of this Hank under "The Hank Act " 
 K. S. Chap. I20, 49 Vic, terminates on the first day 
 of July, 1891. In view of this event, a new Act 
 
 $271,589 96 
 
 Dividend 3'j per cent. 
 
 liai<l 2nd December. . . $87,500 00 
 Dividend payable 2nil 
 
 June, 1890 87,500 00 
 
 175,000 00 
 
 Balance of profit and loss carried for- 
 ward $ 96,589 96 
 
 KI-;SI ACCOUNT. 
 
 .\mount at credit $500,000 00 
 
 The General Manager, Mr. Stevenson, gave 
 further information concerning the affairs and busi- 
 ness of the Hank, and .said : 
 
 I have been in the habit of explaining to the share- 
 holders the several items in the balance sheet in order 
 to convey to them as well as I could a knowledge of 
 the business of the F)ank. I will, therefore, continue 
 the practice and refer to each item in succession. 
 I''ir^t, we have capital, $2,500,000, which remains 
 stationary. Next, the rest, $500,000, which does 
 not remain stationary, for we hope ere long to make 
 a con.siclerable addition to it. Then, reserved for 
 interest due depositors, $97,606.95. \du will ob- 
 serve, gentlemen, that the deposits bearing interest 
 amount to $4,461, 563. 46~-$469, 781 in excess of 
 those of last year. .As interest thereon in most cases 
 is added, or paid, once a year, it is necessary to re- 
 serve a considerable sum to meet that claim. The 
 item " Halance of Profits " carried forward, $06,- 
 589.96, is large and justifies the remarks I have just 
 made regarding the '• rest," which we hope to in- 
 crease next year by a substantial addition. L'n- 
 claimeil dividends, $4,219.26, is sufficiently <Ufined, 
 as well as the hirther item "Hall-yearly di\ideiid 
 No. 136," jiayable 2nd June, $87,500. The item 
 Notes in Circulation, $615,255.50, shows a decrease 
 as compared with last year. A bank with a limited 
 number of branches is not in a position to get out 
 circulation to the same extent as one with many 
 
Diiniininn 
 1 ihal (lay, 
 n anollicr 
 If iu;w Acl 
 
 ■ U^illCSS l)f 
 
 ii;i' Id llle 
 (iiiiiiuiiilly 
 
 liavc been 
 i;ti)r of ihc 
 
 ssinj; their 
 lliu soviral 
 r ri'siiectivc 
 
 ■<\il III, 
 osiilfiit. 
 
 of the 
 
 ). 
 
 $ 48,580 30 
 
 223,CX39 66 
 $271,589 96 
 
 175,000 00 
 
 $ 9f>-S89 96 
 
 $500,000 00 
 
 venson, gave 
 lirs and Imsi- 
 
 \^ to the share- 
 sheet in order 
 kiiiiwledt^e of 
 L'fore, coiuinue 
 in succession, 
 vliich remains 
 :>, which does 
 1 long to make 
 I, reserved for 
 Vou will ob- 
 earing interest 
 
 I in excess of 
 
 II in most cases 
 iccessary to re- 
 il claim. The 
 forward, $96,- 
 Us 1 have just 
 
 »e hope to in- 
 iddilion. L'n- 
 ieiilly detine<l, 
 .early di\idend 
 500. The item 
 lows a decrease 
 with a limited 
 :ition to get out 
 JHc with many 
 
 Abstract or Annual Statement of Bank.s : 1890. 
 
 325 
 
 branches ; and further, the rapidity an<l facility with 
 which money parcels are now sent from one point to 
 another through the post and express companies tell 
 against notes remaining in circulation for any length 
 of time. I now proceed to the item " Deposits not 
 licaring interest," $49!), 256. 73, which shows a falling 
 ofT as com|)areil with the statement of last year. 
 Very few capitalists feel disposetl to deposit money 
 without re<|uiring interest on their deposit. De- 
 posits bearing interest, $4,461,563, show an increase 
 of $469,871, ascompiii -d with the statement of last 
 year. " lialances dui lo other Hanks in Canada," 
 $51,896.89, are reduced by a setoff included in the 
 list of assets, viz: "Due from other Hanks in 
 Canada,'" $12,238.34, and by the further item 
 " \oles of and che(|ues on other Hanks," $148,- 
 932.86, which if sent for redemption would turn the 
 scale in our favor. " Balances due to agents in the 
 United Kingdom," $130,306.20, represents our in- 
 debtedness to our correspoiulents in London, the 
 Hank of Scotland, who hold Dominion (iovernment 
 Sterling bonds in their hands to the value of $800,- 
 000 on our account. 
 
 Having passed in review all the items constituting 
 the liabilities of the Hank, I turn to the statement :>( 
 assets, commencing with the items " (lold and Silver 
 Coin Current," $70,580.07, and (iovernment de- 
 mand notes, in other wonls, legal tenders, $432,183, 
 together with $502,763.07, which I consider an 
 ample cash reserve to meet all demands that may be 
 made upon the Hank here or wherever it has 
 branches. The reserve held last year at this time, 
 $516,118, was about the same as now. A conserva- 
 tive policy is pursued by the directors of this Hank ; 
 the Hank is always ke|it strong ; one can never tell 
 what a day m.ry bring forth. .Sometimes <lemands 
 are made for large sums from unexpected (|uarters ; 
 and sometimes safe and profitable transactions of 
 considerable magnitude are offered which the Hank, 
 being strong, is prepared to emiirace, and which 
 would be lost if we were sailing too close to the wind. 
 The item balances due from other Hanks in Canada, 
 $12,238.31 , has already been dealt with in connection 
 with the statement of liabilities: "Due to other 
 Hanks," $51,896.89. Halances due from agents in 
 foreign countries, $46,059.53, consist of sums due 
 head office and branches by our New York corres- 
 ])ondenls. The Hank of Hritish North America. 
 The item " Notes of and che(iues on other Hanks, 
 $148,932.86, has already been considered in connec- 
 tion with the liabilities, "Halances due to other 
 Banks in Canada." 
 
 We have now to consider the very largest, and I 
 may add by far the most important item in the 
 balance sheet, "Loans and bills discounted, seci ies 
 and other assets," $7,998,017.30, which consi of 
 bills discounted and advances to the customers ol the 
 Hank in the I'rovinces of (Quebec and Ontario. 
 They may be classed as follows : 
 
 To firms connected with the timber 
 
 trade and lumber business $2,402,800 00 
 
 To firms connected with general 
 business, dry goods, hardware, 
 groceries, etc 2,136,717 30 
 
 To firms connected with manufac- 
 turing interests 
 
 To firms connected with produce 
 business 
 
 To firms connected with contracts 
 and railway business 
 
 955,600 00 
 604,900 00 
 384,000 00 
 
 Jhoui;/it foniHtni , $6,484,017 30 
 
 Call loans on bonds and stocks of 
 
 undoubled character, with margins 987,400 00 
 
 Dominion of Canada sterling bonds 
 
 and high class municipal sterling 
 
 bonds 526,600 00 
 
 $6,484,017 30 
 
 $7,998,017 30 
 The next item, " Debts secured by niorlgnges and 
 otherwise," $99,190.42, consists of undoubled .secur- 
 ities held at head t)ffice and branches. Then 
 "Overdue debts not specially secured" (estimated 
 loss provided for), $13,390.04, needs no explanation. 
 " Keal estate (not bank |)remises) and mortgages on 
 real estate," $50,669.44 is an altogether uiuloubted 
 asset. The last item to be considered is " Hank 
 premises and Hank furniture in the I'rovinces of 
 (Juebecand Ontario, "$169, 833.78, and is well repre- 
 sented by the Hanking houses in (Quebec, Ottawa, 
 Toronto and Three Rivers, held in fee simple. 
 
 I have enileavoured, gentlemen, to give you, as 
 far as time would [lermit, an exposition of the afl'airs 
 of the Hank, anil shall be plea.sed to answer any 
 (lueslion that may be made touching the statements 
 which have been submitted to you. 
 
 W.M. K. Dkan, 
 
 Secretary. 
 
 HAN(^)UK lACtJUKS CAKTIER. 
 
 The annual general meeting of shareholders of 
 Hamiue Jac(|uesCartier was held in the ofiices of the 
 Hank, Montreal, on Wednesday, June iStli. 
 
 The president read the following report, pre- 
 sented by the directors, of the transactions of the 
 past year : 
 
 IMKKCTORS' ANNUAL KEI'ORT FOR 189O. 
 
 Gentlemen, — The managing committee have the 
 honor to submit their annnal report on the condition 
 of affairs of the Hank at the end of the year expiring 
 on 31st .May last. 
 Balance to profit and loss on May 31st, 
 
 , '8«9-- ■....; $18,39901 
 
 Profits of past year, deducting expenses 
 of management and bad and doubt- 
 ful debts 39,511 06 
 
 $57,91007 
 Deliit : 
 
 Amount carried to reserve 
 
 fund $10,000 00 
 
 Dividen<l at T,% per cent. 
 
 payable Dec. 1st, 1889 17,500 00 
 Dividend of 3 j/< percent. 
 
 |iayable June 2nd, 1S90 17,500 00 
 
 45, 000 00 
 
 Balance $12,91007 
 
 We have every reason to be satisfied with the re- 
 sult of operations during the year which has recently 
 closed, notwithstanding the slate of general deiires- 
 sion which has continued, as in the preceding year, 
 to mark the situation of afl'airs in this I'rovince, due 
 to the poor harvest of the two last seasons. 
 
 The managenunt, after having deducted from the 
 caiiital of current year a sum amply sufficient to 
 cover losses incurred, has been able to balance its 
 account at the end of the year with a surplus to its 
 credit of $22,910.07. Besides this amount, $10,- 
 000 was added to the reserve fund, which now 
 
T 
 
 320 
 
 AnsTnACT ov Annual Statement of Banks : 1800. 
 
 readies the amount i>f $150,000, or ,?o per ccnl. of 
 the capital, loaviiit; a disposalile balance of $12,- 
 910.07. 
 
 The head office ami the scvi'ral liranclies have 
 been regularly inspected, and the directors can wil- 
 liiij^ly testily as to the /eal and care exercised by the 
 Cieneral Manajjer and the employes under his direc- 
 tion, both in the head ollice anil the several branches ; 
 also the excellent order and system they have estab- 
 lished throughout. 
 
 Mefore closinj; their report the manajjement refers 
 with rej;ret to the severe loss sustained by them this 
 year by the decease of the lamented Mr. |. 1,. (as- 
 sidy. His zeal for the interests of the Hank, his 
 wide experience, joined with invariable urbanity, 
 rendered his assistance inestimable, and gained him 
 the respect and attachment of his associates. 
 
 Mr. ]. 1). Laviolette, whose commercial experi- 
 ence and standing are so favorably known, has been 
 chosen to replace him. 
 
 All the directors retire, but are re-eligible. 
 
 The whole respectfully submitted. 
 
 Ai.i'ir, Dr.sjARDiN.s, 
 President. 
 
 DOMINION HANK. 
 
 The nineteenth annual general meeting of the 
 shareholders in the l)omiiiion Hank was held at the 
 Hanking house of the institniion, Toronto, on Wed- 
 nesday, May 2Sth, 1S90. 
 
 The secretary read the annual report of the direc- 
 tors to the shareholders and sulimitted the annual 
 statement of the affairs of the Haid;, wliich is as fol- 
 lows : 
 
 DIRKCIOKS' AN.NtlAl. KlilMlKl lOK 1S9O. 
 
 The directors beg to present the following state- 
 ment of the results of the business of the Hank for 
 the year emling 30th April, 1S90 : 
 Halance of i>rofit and loss account, 30th 
 
 Aliril, 1S89 
 
 Profits for the year ending 30th April, 
 1890, after deducting charees of man- 
 agement, etc., and making full i)ro- 
 vision for all bad and douljtful debts 248,584 10 
 
 $ 7,668 92 
 
 Dividend 5 per cent. |)aid 
 
 1st Novemlier, 1 889. . $75,000 00 
 
 Dividend 5 lier cent, pay- 
 able 1st May, 1889. . . 75,000 00 
 
 Bonus 1 per cent, pay- 
 able 1st M.ay, 1890 . . 15,000 00 
 
 Amount voteil to pension 
 
 and guarantee fund. . 5,000 00 
 
 $256,253 02 
 
 170,000 00 
 
 Carried to reserve fund . 
 
 $ 86,253 02 
 80,000 00 
 
 Balance of profit and loss carried for- 
 ward $ 6,253 02 
 
 During the greater part of the year fair rates for 
 money were prevalent, enabling your directors to 
 fully maintain the jiroths of the Hank. 
 
 The charters of the Canadian Hanks expire on the 
 1st July, l8gi. This has necessitated a new Hanking 
 Act, which has just been passed at Ottawa. The Act 
 has been extended for ten years longer, with some 
 slight changes which will not interfere with the elas- 
 ticity so necessary to move the crops of the country. 
 
 James Au.stin, 
 
 President, 
 
 l.A HAN(,)U1'; NATION ALE. 
 
 The thirtieth amuial general meeting o( the share- 
 holders of this institution was held at the ollice of 
 the bank in Ijuebec city on Thursday the 22nd of 
 May, lS()o, at three o'clock p.m. 
 
 The presi<lent read the following report and state- 
 ment of the allairs of the bank : 
 
 RHI'ORT. 
 
 Vour directors have the honor to present to you 
 
 their report of the affairs of the baidv for the year 
 
 endi'il the 30th April last. 
 
 On isl of May, 18S9, the balance at 
 
 credit of prcilit and loss account was. $ 38,241 2! 
 
 The net profits of the year after deduct- 
 ing the cost of management and pro- 
 viding for accrued interest on deposits 
 •"■e' 112,274 97 
 
 Korming a total of $ 150,516 18 
 
 Whicli sum has been appropriated as follows ; 
 Dividend No. 52, paya'.ile 
 
 the 2nd November, 
 
 1S89 $ 36,00000 
 
 Dividend No. 53, p.ay- 
 
 able 1st May, 1890. . . 36,000 00 
 I or bad and doubtful 
 
 debts 39,155 17 
 
 $ 111,155 '7 
 
 Leaving at credit of profit and loss ac- 
 count a balance of $ 39,361 01 
 
 In the cour.se of the year the managershi]) of the 
 Ottawa liranch having become vacant by the with- 
 drawal of Mr. Carrier, the position was given to Mr. 
 Hazin, who was manager of the Sherbrooke branch. 
 The latter was replaced by Mr. W. Cialmury, who is 
 acting [iro-nian.iger in the meantime. 
 
 Since the last meeting your directors have tried to 
 dispose of the ilifVercnt properties of the Hank, and 
 their negotiations have resulted in the sale of one of 
 the timlier limits of the Hank, for which a deed was 
 passed at the beginning of this month. Vour direc- 
 tors are negotiating for the sale of the other limits 
 belonging to the Hank, and they hope that these pro- 
 perties will be dis])osed of in the course of the present 
 year. 
 
 \'our directors have considered that it was their 
 duty to press before the courts the suit of an imjiort- 
 ant case for the final settlement of an account pend- 
 ing since nearly three years. \'our directors, trusting 
 in the justice of the claim of the Hank, hope that 
 judgment will be rendereil shortly. 
 
 Last winter the building <if the Sherbrooke branch 
 was destroyed by fire. Fortunately for the Hank, 
 the books and documents were saved before the 
 destruction of the building, and the operations of the 
 Bank were continued without interrupion in the 
 offices of the Laslern Townships Hank, graciously 
 placed at the disposal of the manager of La Hancpie 
 Nationale until new offices could be secured. The 
 buililing was insured, and the Hank has received the 
 amount of the insurance. 
 
 \'our directors have decided to build new offices 
 for that branch and the contract was signed lately for 
 the construction of the building ; the work will be 
 pushed with activity so as to have those offices ready 
 for the month of October next. 
 
 The branchesof the Bank have been visited .several 
 times by some of your directors and by the inspector, 
 who has made his regular inspections. 
 
AiisTiiACT OK Annum, Statj:ment ok Banks : DsliO. 
 
 327 
 
 [ tlic share- 
 lie oHico "I 
 
 lie 221\(1 (if 
 
 t and slate- 
 
 sent ti) yiiu 
 (ir llic year 
 
 j8,24l 21 
 
 112,274 97 
 
 150,516 18 
 
 illows : 
 
 ; 111,15s 17 
 
 ; 39,361 01 
 
 jrship <if tlie 
 liy tlic with- 
 given lo Mr. 
 jcike branch, 
 xiury, who is 
 
 have tried to 
 le Hank, and 
 ale of one of 
 :h a deed was 
 Your direc- 
 : otlier limits 
 hat these pro- 
 of the present 
 
 I it was their 
 of an import- 
 account pend- 
 ctors, trusting 
 nk, hope that 
 
 brooke branch 
 for the Bank, 
 ed before the 
 eraticms of the 
 upion in the 
 nk, graciously 
 of La liani|ue 
 secured. The 
 IS received the 
 
 Id new offices 
 
 gned lately for 
 
 work will be 
 
 se offices ready 
 
 1 visited several 
 I the inspector, 
 
 The directors consider it their duty In reronnnend 
 the new Hoard to make some alterations in the 
 Ufiper parts of the building of the Hank at (^)uebec, 
 in order to convert them into oflices so as to get some 
 income from thai part of the laiilding, which gives 
 none at present and for which taxes are paid. 
 
 The whole respectfully submitted for the Hoard of 
 Directors. 
 
 A. (lAllOlIKV, 
 
 President. 
 
 KASTEKN TOWN.SHII'.S HANK. 
 
 The annual meeting of the shareholders of this 
 Hank was held at Sherbrnnke, in the Hoard Room 
 of the institution on Weihiesilay, 4lh day of June. 
 
 The President submitted the lollowing report : 
 
 The directors have much pleasure in being able to 
 report to the shareholders that the results of the 
 working of the Hank for the past year have been 
 satisfactory. The annexed balance sheet and state- 
 ment of profit and loss at the I5lh of May last will 
 show in detail the e.xact position of the bank at that 
 date. 
 
 From the gross profit, due provision was made for 
 the cost of management, the interest payable lo de- 
 positorK and all bad and doubtful debts ; in addition 
 to which the sum of $5,000 was apjiroprialed towards 
 the eslablisliiiieiit of the new Pension l''und for 
 Ollicers, which was .so strongly recomiiu'nde<l and 
 sanctioned at the last annual general meeting of 
 shareholders. 
 
 .\fler the provisions thus made, there remained the 
 net sum of $171,910.80 which has been applied in 
 the first place lo the two semi-annual dividends of 
 3 1'j per cent, each, the first of which was paid on the 
 2nd of January last, and the second — declared at the 
 Hoard meeting yesterday —is payable on the second 
 of July next. There still remained a balance of 
 $67,854.43, of which $50,000.00 has been carried to 
 the credit of the reserve hiiul, and $17,854.43 is 
 carried forward. The reserve fund lluis iiu'reast-d to 
 $550,000.00, represents over 36 per cent, of the 
 capital, and its steady growth encourages llie directors 
 to look forwaril to the time-not far distant, they 
 hope-when, the fund having reached 50 per cent, of 
 the capital, they may safely increase the annual 
 dividen<ls, and give beller direct returns to the share- 
 holders. 
 
 The usual careful inspection of the liranches has 
 been made during the year, and the reports are uni- 
 foi. illy satisfactory. The system of dislribuling the 
 directorate, so that llic branch managers may derive 
 advice and assistance from suine mejiibfr of the b(iaid 
 near at hand, has been found lo work well. The 
 local director thus, in a measure, shares the responsi- 
 V)ility of the manager, and he, in his turn, feels the 
 advantage of having some one inlimalely accpiainled 
 with the views of the boanl, wilh whom to take 
 counsel in difficult cases. The system, however, does 
 not in anyway interfere with the control exercised by 
 the general manager in the general administration of 
 the Bank. 
 
 It is satisfactory to note thai the Kastern Town- 
 shijis have been fairly prosperous during the past 
 year. The hay crop of last summer was abundant, 
 an<l though there was some diflicully in securing it in 
 good condition, yet few complaints have been heard 
 (if, and there has liecn abundant fee<l fur cattle 
 throughout the winter. Some of the iiianufacluring 
 industries have suffered a good deal, owing mainly to 
 the long period of agricultural depression in the West, 
 
 but shoulil Canada be favoured with a good harvest 
 this year, there sec'ins every ground fur believing that 
 the market will become active in prnpnrtion to the 
 present depression. Mining industries in the.se 
 Townships have been full <if life and activity, and the 
 lumber trade has given abundant employment in some 
 of the piMirer and more remote districts. 
 
 The railways which now traverse almost every 
 .section of the country, are fostering llie development 
 of many latent resources which, in the absence of 
 facilities for reaching market, must have lain 
 dormant. Sherbrooke is, in this respect, signally 
 favored by being a railway centre with lines reaching 
 north, south, east and west, giving direct communi- 
 cation with every part of the cnnlinent. 
 
 The dire-.:tors have been mindful of the necessity 
 of watching the legislation of the Dominion i'arlia- 
 ment, during the late session, on the renewal of the 
 Bank charters. In addition to the two members of 
 the Hoard who are Senators, who gave valuable 
 assistance during the session, the president and the 
 general manager joined the deputation of bankers 
 which wailed <in the l''inance .Minister and the (iov- 
 ernment. The deputation was received wilh cmirlesy 
 an<l listened to with patience, and the directors 
 believe that the .-Vet passed will be found a great im- 
 provement on the present .\ct, remeilying some of 
 the principal defects and satisfying the reasonable 
 wants (if the communily at large. 
 
 The directors have only, in conclusion, to express 
 their |ierfecl satisfaction with the zeal and assiduity 
 of the general manager, llie managers of the branches 
 and otlier officers of the Hank. 
 
 Respectfully submitted, on behalf of the Hoard, 
 K. \V. Hknkkkk, 
 
 President. 
 /';•<)/// and /.OSS Slatfiiit'ii/ for the Year ciuliii}^ May 
 
 ijl/i, /S(po. 
 Balance at credit of jirolit and loss 
 
 carried forward from May I5tli, 18S9 $ 19,145 02 
 Profit of head ol'fice and iiianclies, after 
 
 deducting charges of management, 
 
 appropriation towards pension fund, 
 
 interest due depositors, and ample 
 
 provision for bad and doubtful delits. 
 
 DI'-.IUICT. 
 
 Dividend o( ^'/^ per cent. 
 
 paid 2nd January, 1890 $ 52,025 27 
 Dividend of 3'i percent. 
 
 l>ayable 2nd July, l8(jo 52,031 10 
 Transferred to reserve 
 
 fund 50,000 00 
 
 152,765 78 
 $ 171,910 80 
 
 '.S4.056 37 
 
 Profit and loss. 
 
 $ 17.854 43 
 
 BANtlUK \II,LE M.\UIi;. 
 
 The annual general meeting of the shareholders of 
 the Ban(|ue N'ille Marie was held at Montreal at noon, 
 Wednesday, June l8th, the president, Mr. W. Weir, 
 in the chair, when the following report was 
 .submilted : 
 
 Kr.I'llRI' (II' IIIK DIKF.I I'OKS 10 fllK SltAKl'.- 
 11(^11, IIKUS. 
 
 (;F.NTl.i;Mr-:.N,--The Directors have the honor to 
 submit the following re]iort showing the result of the 
 operations of the year ending 31st May, 1890 : 
 
(f! 
 
 32H 
 
 AuMTUACT OK Annual Statement of Banks : IHIJO. 
 
 The balance rcmninint; at credit of 
 profit nnd loss nccimnt on the Jl.st 
 May, iS(p, was $ 3,747 21 
 
 The net prolil of the year after deiluct- 
 ing interest on deposits, cost of 
 adtninislration and the aniounl ap- 
 propriated for bad and doulitful 
 debts, was 39.70S 23 
 
 Making $43-452 44 
 
 Appropriated as follows : 
 Dividend 3'-^ per cent. 
 
 1st December, l88g..$ 16,763 95 
 Dividend 2'A P'-'f '^cnt. 
 
 1st lune, 1890 16,773 75 
 
 Written off real estate 
 
 and other securities.. . 3iloO OO 
 
 Carried to contingent ac- 
 
 coinit 3.750 00 
 
 Balance to profit and loss 
 
 account 3.064 74 
 
 $43,452 44 
 
 The business of the year, in view of the serious de- 
 ficiency in the grain crops in this province, where our 
 principal oper.itions 'are carried on, has been fairly 
 satisfactory. There have been rather more failures 
 than usual among our customers, but tlie Hank has 
 generally been secured and no serious losses have 
 been sustained. 
 
 The retirement of our late vice-president is nuu:h 
 regretted, as he was a valuable niemlier of the Hoard 
 and rendered iniporlant services in building up the 
 business of the Hank during the last nine years. It 
 may be well to slate that his indeljtedncss to tile bank 
 has been paid in full, princi|i.il and interest. 
 
 The cash and securities both at the head office and 
 at the branches have been carefully inspected as 
 usual, and the Directors have every reason to be 
 satistied with the faithful and intelligent manner in 
 wliicli the ea.shier, agents and other officers have dis- 
 charged '.heir res|)eclive duties. 
 
 Tlie wliole respectfully submitted. 
 
 \V. Wl-.IK, 
 
 President. 
 
 Till-, puksidknt's kkmakics. 
 
 On the motion of the President, seconded l)y Mr. 
 Strachan, the report was unanimously ado|)tcd. 
 
 In moving the adoption of the report, the Presi- 
 dent remarked that he need scarcely tell the share- 
 holders that the last six months of their banking 
 year had lieen a time of anxiety to bankers and busi- 
 ness men generally. Although llie spring of 1889 
 was rather backward, the suminer and early fall bus- 
 iness hail been fairly prosiierous, anil the earnings of 
 the first six months were in excess of those of any 
 former year. The shcrlagc of the grain crops and 
 the low price of hay, both in this country and in the 
 Uniied .States, affected very injuriously the business 
 
 of the last six months of the year, and the net earn- 
 ings of the Hank had, conse<piently, suffered to some 
 exienl. I'lie lrei|ueul failures in the grain <rops in 
 this Provineit make it evident that we must rely less 
 upon these crops an<i more upon other agricultural 
 products. .Already farmers seemed to be realizing 
 this fact, for cheese and butter factories were rapidly 
 increasing and doing much to advance the prosperity 
 of the country. In the neighborhood of six of our 
 agencies, there were last year liftysix clieese factories, 
 the value of whose output amoimled to $232,725, 
 and at two of these there were in operation eight 
 butter factories, of which the returns amounted to 
 $49,7JI. In this (■onncction the President mention- 
 e<l that in the district of St. Ilyaeinthe there were 
 seventy-nine clieese factories, the value of whose 
 manufactures amounted to about $3CX),ooo. The 
 hay crop w.is also an important one in this province, 
 and could generally be relied upon for an average 
 yield. Unfortunately, the crop of last season was 
 considerably damaged by wet weather, and was un- 
 able to compete willi the better crops of United 
 States and Ontario, except at very low tigures. 
 
 The outlook for the coining year, the President 
 saiil, was neither very favorable nor the reverse. 
 The heavy spring rains had assisted tlu: lumbermen 
 in getting out their logs and si|uare limber. On the 
 other h.iiid, the same cause had retardi d fanning 
 operations and the crops were lalei>- than usual ; but 
 favorable weather from this out would do much to 
 re|)air the damage. 
 
 The hay crop promised to be a fair average, but 
 some of the fields had suffered from host, and the 
 returns would not be so large as would otherwise lie 
 the case. Unfortunately, tlie farmers were threaten- 
 ed with a new diliiculty in the shape of an additional 
 duty of two dollars per Ion on hay exported to the 
 Uniied .States, but this wouM to some extent be 
 compensated for liy the large i|iianlily requiied for 
 the callle shipments from this port. .\ profitable 
 market in (ireal llritain, to which shipments are now 
 being maile, may make us less dependent on Ameri- 
 can legislation. 
 
 As regards the import trade this Hank had little 
 experience, having but few importing accounts. One 
 thing w.as very evident, there were far too many in 
 business, and until bankers and wholesale merchants 
 were more conservative in <liscountiiig paper and 
 giving credit, the most abundant harvest would not 
 prevent commercial imibarrassment. 
 
 The act renewing the Hank charters had set at rest 
 the fears entertained for the safely of the Hank circu- 
 lation. It w.as, upon the whole-, the best Hanking 
 .\ct that had ever lieen jila<'ed upon the .Statute book, 
 and tlie Parliament of Canada was to be congratulat- 
 ed upon the great ability shown u|"in both sides of 
 the I louse in discussing the measure. The deposit 
 rei|uired to protect the circulation would be auifily 
 compensated by the fact that our notes would be ab- 
 solutely secured. 
 
llic nol onrn- 
 (Tltc<1 to sonic 
 ^rain <ro;is in 
 : niuj'l rely k'ss 
 
 cr auri'"''"'"' 
 ,„ \,v rciili'i»« 
 cs well' tapiiUy 
 . ihe iirosiKTiiy 
 il i)[ six of our 
 ■lici'se failoriL'S, 
 
 il to $232,725. 
 DpL-ralinn I'iuhl 
 ns iinioiinUil to 
 isiilcnl im'Mtion- 
 ntlic tlii-rc were 
 value of whose 
 53CX),ocx). 'llie 
 in tliis ))rovince, 
 , for an avera^;e 
 
 last season was 
 lier, anil was un- 
 cvoi>s of United 
 ow lii;ures. 
 u, the I'resiilent 
 nor the reverse. 
 .,1 ilu! hiniliermen 
 
 liuiber. »»n the 
 retard. I laiming 
 ■r-thaii usual ; 1'"' 
 :,,al(l '1> niueh to 
 
 I fair averat;e, Imt 
 roui fiost, an.l the 
 ,v„uia otherwise he 
 ners were ihreaten- 
 tpe of an aiUlilional 
 ay exiiorled to the 
 [,) some extent be 
 i.antily re(iuiie<l for 
 l,,.rt. A i.rolitable 
 , shii'i.ients are now 
 ..pendent on Anieri- 
 
 his Hank had little 
 rtinn accounts. One 
 ■re far too many m 
 wholesale merchants 
 countint; paper an( 
 il harvest would nol 
 
 LMlt. 
 
 larters had set at rest 
 •ty „f the lianU nrcu- 
 Ir, the best I'-anknij; 
 ,„,n the Statute book, 
 vas to he congratulat- 
 ,1 upon both sides of 
 ,easure. The .leposit 
 ti„n would be an.py 
 Lir notes would be ab- 
 
 €fCOR.Qt(bx^ 
 
 r\ter &; Uie ^\i\Ke,r • 
 
 ^'^/■■y/.^ 
 
 
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 //////// /■>, 
 
 16 Metcalfe Street. 
 
 ©If'ii-i^'^^.^KI^. 
 
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 ■•"•n i wiTniiniiim i nii i i ii ifiwuim.WBi i i i n i irw i mwa i m 
 
 mmmmrnma 
 
 ; 
 
 ■Mmmmmmiimmtitmmmmii'* 
 
 ^Jmi^ l.'JiiilliUili ^J-iiiiiS 
 
 ^J{idea\i Street. 
 
 ( ) lllVVV.V., 
 
 >*ttf««:oi I,Uli *t(in 
 
 ; 
 
 11''^ 
 
 {— 
 
 
 
 
 -S 
 
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 /h'^ 
 
 ^ li;?;Spark5-Street; 
 
 4, 
 
 A.Mac Lean. \ . 
 
 -(l^i^^ 
 
 L 
 
 ■N-^ v^ 
 
 ^•ijJidjjjji^ 
 
 POIilSIIIll) 
 
 * ANJ»s ipfVOI^I « II 1^1 II <i K.VXITKS. 
 
 jM^liiit^^^JJIl^jt t i i ;,<j LU .; 1^ r I ' J si fJ ,^ \ .?/ \ 1^4 aUj\ j .< ][ ^i.j |.L^ a rV ■» 
 
 1- 
 
 . TKeTrz^de svipplied. v- 
 5p^cirT\er\s &pe5i^r\S furr\ishedorvaipplleatior\. 
 
 QUARRY 
 
 AT 
 
 KINGS TO r 
 
 o IL. 
 
 
 WOR K S 
 
 AT 
 CANAL. BASIN. 
 
 OTT* w A, ONT. 
 
Advehti.sementh. 
 
 The Toronto land ani Investment 
 
 CORL'OHA'ilON. 
 
 (JAI'ITAL, $000,000. 
 
 NO. 34 TORONTO STREET, - - - TORONTO. 
 
 DIRECTORS. 
 
 G. R. R. COCKBURN, Esq., M.P., President. HORACE THORNE, Esq., Vice-President. 
 
 H, W. NELSON, Esq., DONALD MACKEY, Esq., E. STEPHENSON, Esq., 
 
 FRED. WYLD, Esq., J. P. CLARK, Esq. 
 
 W. MORTIMER CLARK, Q.C., Solicitor. 
 
 This Corporation Buys and Sells Real Estate, makes advances to Build to purchasers requiring 
 
 same, with easy terms of repayment. Issues Debentures bearing 
 
 FIVE per cent, interest. 
 
 THOS. McCRAKEN, Manager. 
 
 D. BENTLEY & CO., 
 
 /Ilbercantile lI>rintino Ibouse, 
 
 1746 NOTRE DAME STREET, 
 
 Near St. John Street, - - -. MONTREAL. 
 
 EVERY DESCRIPTION OF FINE JOB PRINTING EXECUTED WITH 
 NEATNESS AND DESPATCH. 
 
 Every Facility for the Execution of First Class Work. 
 
 CHARLES GURD & CO. 
 
 2 Gold, 2 Silver and 3 Bronze Medals and Diplomas were 
 
 awarded for 
 
 Belfast Ginger Ale, Soda Water. Cider, Caledonia Watei', &c. 
 
 At the Dominion, London, Eng., Provincial, Central Canada, and other 
 
 Exhibitions, for "SUPERIOR EXCELLENCE." 
 
 — « — _ 
 
 itifWholesale only from the Factory. Trade Orders Promptly Attended to.atl 
 
 CHARLES GURD & CO., 
 
 39, 41, 43 and 45 Jurors Street, - - - - - - MONTREAL. 
 
wmmm 
 
 AnVERTISKMENTS. 
 
 IlSr TJSE 
 By Dominion and Provincial Governments, Banks, 
 . RTilways, all leading Stationers and Druggists. 
 
 l-'UT UI> IN ysLl^LA -oiz.bie.. 
 
 MA^fL'l•Ac:TUREI> IIY 
 
 759 CRAIG ST., MONTREAL. 
 
 Also Lithogram Composition ; Note, Letter and Foolscap Sizes. 
 
 GARLAND'S 
 
 CANADA: 
 
 Ibistoiical Biograpbical : : 
 
 ll>arliaineiitav^ m\b Statistical 
 
 SEIiUzL Til THE PARLIAMENTARy DIR£GTQRY AND STATISTICAL GUIDE. 
 
 Tliis work is now in .ouiso of prep.iralion. and will le issued as soon as possible after tlio next 
 Dominion Mleclions. New features have l>een introduced which will make a complete 
 
 POLITICAL HISTORY OF THIS COUNTRY. 
 
 Kiographical sketches will be given of men who have tiken a prominent pari in advancing the interests 
 and welfare of Canada. An important feature, and one which shall receive strict attention, will be a 
 list of the names of the 
 
 REPRESENTATIVES OF THE SEVERAL COUNTiLS FROM 1841 TO CONFEDERATION, 
 AND FROM CONFEDERATION TO THE PRESENT TIME, THE NUMBER OF VOTES 
 IN EACH CONSTITUENCY AND THE NUMBER POLLED AT EACH ELECTION, &e. 
 
 AKo the important events in relation to t aivula from the time of discovery to the present, witli com- 
 plete ><talisllcs of every industry forming a portion 'A the country's progress. 
 
 N. S. GARLAND, F. S. S., F. S. A., 
 
 (,'liik 1/ /■inaiiiia! Slalislics, Deft. <f liiumcc, Ottnu'ti, CaiiaJa, 
 
AnVEUTISEMEN^rs. 
 
 inks, 
 s. 
 
 Sizes. 
 
 
 al. 
 
 next 
 
 terests 
 be a 
 
 ^lON, 
 OTES 
 e. 
 
 natia. 
 
 ALLOWAY & CHAMPION. 
 
 INKERS AND BBOKEBS, 
 
 WINNIPEG, MAN. 
 RT PORTAGE, ONT. ^^ PORTAGE LA PRAIRIE, MAN. 
 
 EST^A^BLISHEID 18VO. 
 
 \ 
 
 A (lENERAL BANKING BUSINESS. 
 
 E make a specialty of Collections reiiiiiring more than ordinary care and 
 attention, such as Drafts with Deeds or other papers attached, &c., &c. 
 
 Investments made in approved First Mortgages, School and Municipal 
 Bds. 
 
 Mortgages, Bonds and Interest Collected. 
 
 tiW Special attention given to the payment of Taxes on Lands 
 M:gaged to Clients. Much loss and inconvenience has t)een caused to in- 
 viys in Manitoba Securities by failure to attend to this important matter. 
 
 Payments made for Government and North-West I-and Company Lands. An 
 imrtant saving can be effected by making these jiayments in Scrip or Stock. 
 
 Ta.xes paid for Non-resident Land Owners. When instructions are sent 
 thr;h a Banker receipts for payments made will be attached to a Draft for the 
 amit ; otherwise a remittance should accompany order. 
 
 Advances made for short dates on the security of Tcrrens Titles. 
 
 Information furnished about Manitoba Securities. 
 
 Ii'E3rB3EID3SrOK)S:: 
 
 le Merchants' Bank of Canada, in Canada; The Clydesdale Bank, 30 Lombard 
 Street, London ; and any Bank in Winnipeg. 
 
 Cab/e Address: ''Ale ha;' Winnipeg.