2. Balance due to Dominion Government, after
deducting advances for credits, pay-lists,
etc.

3. Balances due to provincial governments.....
4. Deposits by the public, payable on demand,
in Canada....

5. Deposits by the public, payable after notice
or on a fixed day, in Canada....

6. Deposits elsewhere than in Canada..

7. Loans from other banks in Canada, secured,
including bills rediscounted...

8. Deposits made by and balances due to other
banks in Canada....

9. Balances due to agencies of the bank, or to
other banks or agencies, in the United
Kingdom..

10. Balances due to agencies of the bank, or to
other banks or agencies, elsewhere than in
Canada and the United Kingdom...

11. Liabilities not included under foregoing heads

$

bank on

per cent.

ASSETS.

Schedule D.

1. Specie. .

2. Dominion notes.

3. Deposits with Dominion Government for
security of note circulation.....

4. Notes of and cheques on other banks....
5. Loans to other banks in Canada, secured, in-
cluding bills rediscounted...

6. Deposits made with and balances due from
other banks in Canada....

7. Balances due from agencies of the bank, or from other banks or agencies, in the United Kingdom. . .

$

8. Balances due from agencies of the bank, or from other banks or agencies, elsewhere

than in Canada and the United Kingdom. 9. Dominion Government and provincial governments securities. . . .

10. Canadian municipal securities, and British, or foreign, or colonial public securities, other than Canadian.

11. Railway and other bonds, debentures and

stocks.

12. Call and short loans on stocks and bonds in

Canada.....

13. Call and short loans elsewhere than in

Canada...

14. Current loans in Canada..

15. Current loans elsewhere than in Canada..

16. Loans to the Government of Canada...

17. Loans to provincial governments..

18. Overdue debts.

19. Real estate other than bank premises..

Schedule D. 20. Mortgages on real estate sold by the bank....

21. Bank premises..

22. Other assets not included under the foregoing
heads.

$

Aggregate amount of loans to directors, and firms of which they are partners, $

$

Average amount of specie held during the month, $

Average amount of Dominion notes held during the month,

Greatest amount of notes in circulation at any time during the month, $

I declare that the above return has been prepared under my directions and is correct according to the books of the bank. E. F.,

Chief Accountant.

We declare that the foregoing return is made up from the books of the bank, and that to the best of our knowledge and belief it is correct, and shows truly and clearly the financial position of the bank; and we further declare that the bank has never, at any time during the period to which the said return relates, held less than forty per centum of its cash reserves in Dominion notes.

CHAPTER XXVII.

THE CANADIAN BANKERS' ASSOCIATION.

Prior to its incorporation, the Canadian Bankers' Association existed as a voluntary association of banks and bankers. At its second annual meeting held in Toronto in June, 1893, the Association decided upon the publication of a quarterly journal, the first number of which appeared in September of the same year. The journal is now in the fourteenth year of its existence and contains much valuable matter relating to banking practice and law. The "questions on points of practical interest" and the answers of the editing committee given, in cases of difficulty, under advice of Counsel, published in the various numbers of the Journal, have been republished in book form by the secretary of the association. (Knight's Canadian Banking Practice, 2nd ed., 1906.)

In 1900 the Association was incorporated by Act of Parliament and important powers were conferred upon it under the Bank Act Amendment Act, 1900. See secs. 5, 6, and 7 of the Act of incorporation, which, for convenience of reference, is here printed in full.

AN ACT TO INCORPORATE THE CANADIAN BANKERS' ASSOCIATION.

(63-64 Vict. c. 93, assented to 7th July, 1900.)

WHEREAS the voluntary association now existing under the name of the Canadian Bankers' Association has, by its petition, prayed that it may be enacted as hereinafter set forth, and it is expedient to grant the prayer of the said petition: Therefore Her Majesty, by and with the advoce and consent of the Senate and House of Commons of Canada, enacts as follows:

Preamble.

1. There is hereby created and constituted a corporation Incorporaunder the name of "The Canadian Bankers' Association," here- tion. inafter called "the Association."

Sec. 2.

Association, how composed.

Members.

Associates.

Effects of

bank sus

pending.

2. The Association shall consist of members and associates;
(a) The members, hereinafter referred to as members, shall
be the banks named in the schedule to this Act, and such
new banks hereafter incorporated by or under the authority
of the Parliament of Canada as become entitled to carry on
the business of banking in Canada, and to which The Bank
Act in force at the time of its incorporation applies. Any
bank to which The Bank Act applies, carrying on business
in Canada, and not named in the schedule to this Act, shall
on its own application at the time be admitted as a member
of the Association by resolution of the Executive Council
hereinafter named;

(b) The associates, hereinafter referred to as associates, shall
be the bank officers who are associates of the voluntary
association mentioned in the preamble at the time this Act
is passed, and such other officers of the banks which are mem-
bers of the Association as may be elected at a meeting of the
executive council hereinafter named or at any annual
meeting of the Association. An associate may at any time
by written notice to the president of the Association with-
draw from the Association.

The schedule to the Act is not printed. All the banks carrying on business under the Bank Act are members of the Association. Banks incorporated since the 7th of July, 1900, become members as soon as they become entitled to carry on the business of banking in Canada, i.e., when they have obtained the certificate of the Treasury Board under sec. 14 of the Bank Act.

3. Upon the suspension of payment of a bank being a member of the Association, such bank shall cease to be a member. Provided, however, that if and when such bank resumes the carrying on of its business in Canada it may again become a member of the Association.