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The History of Banking in Canada (Volume 9)

The History of Banking in Canada (Volume 9)


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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated.1911 Excerpt: ... Interview with Henry C. McLeod, general manager of the Bank of Nova Scotia. By Mr. Vrebland: Q. What is your position? A. I am general manager of the Bank of Nova Scotia. Q. Are you located here? A. I am located here. Q. Where is the home office of your bank? A. The home office is at Halifax; the executive is here. Q. You would regard this as a better point from which to view the whole field than the home office, Halifax? A. It is more central. Q. Is it the practice of any of the other banks to have managers resident near the center of business? A. No; it is not a general practice. We have interests in the West, interests in the United States, and it was found that Halifax was a point from which it was rather difficult to communicate promptly with some of the larger branches. By Mr. Weeks: Q. Being the Bank of Nova Scotia, you would be bound to have your main office in Nova Scotia? A. There is a sentiment of that kind. By Mr. Hubbeix: Q. You are not legally bound to do so? A. No; we are not obliged to. We could apply to Parliament and have the head office transferred to Toronto, if it were so desired. By Mr. Vreeland: Q. I was going to ask you a few questions with regard to the general banking laws; have you had occasion to give them any special attention, Mr. McLeod? A. Not much more than the ordinary attention of a banker operating under them. Q. The first general act, Mr. McLeod, relating to the banks of Canada seems to have passed in 1870 and 1871. A. That is the first general act governing the banks of the whole country, with the exception of a temporary extension of the powers already granted by provincial charters; the extending act was passed in 1868. Q. Each bank, as I understand, was chartered separately by the provinces before that. A. Yes; by th...


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Product Details
  • ISBN-13: 9781235763380
  • Publisher: General Books
  • Publisher Imprint: General Books
  • Height: 246 mm
  • No of Pages: 180
  • Spine Width: 10 mm
  • Width: 189 mm
  • ISBN-10: 1235763382
  • Publisher Date: 01 Feb 2012
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Weight: 331 gr


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