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Volume 2 - ElectricCanadian.com

Volume 2 - ElectricCanadian.com

Volume 2 - ElectricCanadian.com

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542 HISTORY OF THE BANKQuebec and Maritime: All branches in Quebec, NewBrunswick, Nova Scotia, Prince Edward Island andNewfoundland, cleared through Montreal.Branches in the Yukon were thereafter to keep directaccounts with Vancouver, and all entries between them andother branches were to be made through Vancouver.Similarly branches in the Peace River District were to keepaccounts with Edmonton, and all entries between them andother branches were to be passed through Edmonton.Branches in these two districts were thus entirely excludedfrom any direct connection with the Branch Clearings system.This latest development of the system is working verysatisfactorily, and the principle underlying it would seem toprovide for almost indefinite expansion in the future, shouldthe bank's business require it. Doubtless some of the detailsmay yet require modification, 1 but this will be a <strong>com</strong>parativelyeasy task.*Up to the present time (February, 1922) these have consisted almost entirely inthe inclusion of some branches and the exclusion of others, as the means of <strong>com</strong>municationimproved or were found insufficient.

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