1.3. rezultāts no 47.
During this period the legal maximum of the circulation of a bank is its paid - up capital plus 15 per cent of its combined paid - up capital and surplus or rest fund . This emergency circulation , which consists of notes in form and in ...
tain that the notes will sooner or later be paid , for if the assets of the failed bank should prove inadequate , the mutual guaranty fund in the possession of the government will be drawn upon . Next to the notes the deposits of the ...
The bankers of Canada may some day have cause to regret having allowed a condition to arise which made necessary the amendment of the bank act in 1908 permitting them to issue notes in excess of their paid - up capital , yet at the ...
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