Volume 2 - ElectricCanadian.com

386 HISTORY OF THE BANKreference, were consolidated and re-enacted under the guidanceof Mr. Z. A. Lash, K.C. The announcement was also madeby the directors that a comprehensive plan for givingattention to the needs of those localities in Canada whichrequired banking facilities was under consideration, with aview to overtaking the needs which had accumulated duringthe war, when it was deemed unwise to consider the openingof new branches. This led to the opening of a large number ofbranches in Canada and abroad; and in the occupation offoreign fields, such as the West Indies and Brazil, the followingyears were to witness a great extension of the bank's sphere ofwork and influence. 1The general statement, dated November 30, 1918,presented at this annual meeting, was as follows :LIABILITIES.Notes of the bank in circulation $ 31,583,694 68Deposits not bearing interest 151,010,570 57Deposits bearing interest, including interestaccrued to date 202,148,245 47Balances due to other banks in Canada. . . . 104,106 35Balances due to banks and banking correspondentselsewhere than in Canada 10,322,592 58Bills payable 118,347 00Acceptances under letters of credit 13,048,927 03$408,336,483 68Dividends unpaid 4,376 86Dividend No. 127 and bonus, payable 1stDecember 525,000 00Capital paid up 15,000,000 00Rest Account 15,000,000 00Balance of profits as per Profit and LossAccount 1,444,842 68$440,310,703 221Thc detail* of this development do not come within the scopethis present work, and must be left to a future historian.allotted to