Volume 2 - ElectricCanadian.com

DEVELOPMENT OF CANADIAN BANKING 3994. Bills and notes in circulation, bearing interest.5. Balances due to other banks.6. Cash deposited, including all sums due from the bank,not bearing interest (bills in circulation and balancesdue to other banks excepted).7. Cash deposited, bearing interest.8. Total amount due by the bank.itOn the other hand, as showing the resources of the bank,was required to state:1. The gold, silver and other coined metals in the bankinghouse.2. Real estate.3. Bills of other banks.4. Balances due from other banks.5. The amount of all debts due to the bank, includingnotes, bills of exchange, and stock and fundeddebts of every description, except the balances duefrom other banks.6. Total amount of the resources of the bank.The rate and amount of the last dividend, the amountof reserved profits at the time of declaring the last dividend,and the amount of debts due to the bank not paid andconsidered doubtful, were also to be given.Section 23 provided that no money should be advancedby the bank on the credit of its own stock. Section 24 allowedany stockholder to learn from the bank the names of the otherstockholders. Section 27 gave the legislature the right tomake, during the life of the charter, other provisions as tothe amount and description of the notes which might beissued by the bank, or to apply to the bank any restrictionsplaced on the Bank of Upper Canada, the only other charteredbank at that time. These new requirements disclose theirAmerican origin at the first glance. The particulars called