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Página 44
... except that not less than one - third of their cash must be legal tender Dominion notes . Banks were entitled to issue their own notes , which were not legal tender , in denominations of $ 4 and upwards . By the Act of 1880 , notes ...
... except that not less than one - third of their cash must be legal tender Dominion notes . Banks were entitled to issue their own notes , which were not legal tender , in denominations of $ 4 and upwards . By the Act of 1880 , notes ...
Página 45
The right of the banks to issue notes was limited by their charter to the amount of their paid - up capital , and , although twenty new banks had been added to the existing number between 1901 and 1908 , there were signs of this limit ...
The right of the banks to issue notes was limited by their charter to the amount of their paid - up capital , and , although twenty new banks had been added to the existing number between 1901 and 1908 , there were signs of this limit ...
Página 46
Third , an issue of dollar for dollar against gold or Dominion notes deposited in the central gold reserve . ... The issue of Dominion notes , which do enjoy legal tender , was determined originally by the Dominion Note Act of 1868.
Third , an issue of dollar for dollar against gold or Dominion notes deposited in the central gold reserve . ... The issue of Dominion notes , which do enjoy legal tender , was determined originally by the Dominion Note Act of 1868.
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