Banks And Banking in Canada: Chaps. 29-33, R.S.C., Followed By Annotations ...
Banks And Banking in Canada: Chaps. 29-33, R.S.C., Followed By Annotations ...
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81. The bank shall always hold at least twenty per centum of the moneys deposited with it, — (a) in public securities of the Dominion of Canada, or of any of the provinces thereof, or of the United Kingdom, or of any British colony or possession, or of the United States, or of any state thereof ; or, (b) in deposits in chartered banks in Canada; or, (c) in Canadian municipal bonds or securities; or, (d) in school bonds or debentures issued in the province of Quebec, if they are secured by the s...chool municipality in which the schools are situate ; or, (e) in any other security approved by the Treasury Board.
63-64 v., c. 28, s. 2.
Securities.
Deposits.
Bonds.
Debentures, Approved securities.
Investment of deposits.
Securities.
Bonds.
R.S., 1906.
82. The bank may, subject to the requirements of this Act, invest any moneys deposited with it, — (a) in any of the securities mentioned in the next preceding section; or, (b) in the purchase of bonds or debentures of any building society, loan or investment company, water-works com- pany, gas company, street railway company, electric light or power company, electric railway or street railway com- pany, telegraph or telephone company, water-power com- 412 pany, Digitized by ^ >8i Quebec Savings Batiks.
What to read after Banks And Banking in Canada: Chaps. 29-33, R.S.C., Followed By Annotations ...?
You can find similar books in the "Read Also" column, or choose other free books by Canada, Walter Edwin Lear to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
81. The bank shall always hold at least twenty per centum of the moneys deposited with it, — (a) in public securities of the Dominion of Canada, or of any of the provinces thereof, or of the United Kingdom, or of any British colony or possession, or of the United States, or of any state thereof ; or, (b) in deposits in chartered banks in Canada; or, (c) in Canadian municipal bonds or securities; or, (d) in school bonds or debentures issued in the province of Quebec, if they are secured by the s...chool municipality in which the schools are situate ; or, (e) in any other security approved by the Treasury Board.
63-64 v., c. 28, s. 2.
Securities.
Deposits.
Bonds.
Debentures, Approved securities.
Investment of deposits.
Securities.
Bonds.
R.S., 1906.
82. The bank may, subject to the requirements of this Act, invest any moneys deposited with it, — (a) in any of the securities mentioned in the next preceding section; or, (b) in the purchase of bonds or debentures of any building society, loan or investment company, water-works com- pany, gas company, street railway company, electric light or power company, electric railway or street railway com- pany, telegraph or telephone company, water-power com- 412 pany, Digitized by ^ >8i Quebec Savings Batiks.
What to read after Banks And Banking in Canada: Chaps. 29-33, R.S.C., Followed By Annotations ...?
You can find similar books in the "Read Also" column, or choose other free books by Canada, Walter Edwin Lear to read onlineMoreLess
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