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By James Powell

ISBN-10: 0660195712

ISBN-13: 9780660195711

Книга посвящена истории канадского доллара. Отлично проиллюстрирована цветными изображениями.

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It too resumed its bank note issue following the passage of the 1871 Bank Act. 40. 41. 26 Confederation Confederation on 1 July 1867 brought sweeping changes to banking and currency legislation in the provinces of Canada, Nova Scotia, and New Brunswick. Under the British North This shortage partly reflected support given to the failing Bank of Upper Canada, the government’s agent (until the end of 1863). The Bank of Upper Canada lost heavily on loans extended to the Grand Trunk Railway. 2 million in the bank.

Legally, the 25 per cent reserve could be held in the form of gold or guaranteed debentures. In fact, the reserve was held entirely in the form of gold. The Dominion government circulated a special issue of $5 notes in Nova Scotia, with the legend PAYABLE AT HALIFAX/ONLY printed vertically on them. 86 in the rest of Canada (Haxby 1975). There was considerable opposition to this change in Nova Scotia, given its continuing strong links to Great Britain. 8666 (Flemming 1921, 132). Newfoundland’s currency was also not compatible with that of Canada.

Copper patterns were prepared, but no further action was taken. With Canada’s return to the gold standard, currency supplied by the chartered banks lost its legal tender status, although the government could restore this status under the Finance Act in the event of an emergency. S. gold eagles ($10), double eagles, and half eagles, Canadian gold coins (denominations of $5 and $10), and Dominion notes. 59 Canada’s return to the gold standard proved to be short-lived. It has been argued that monetary operations under the Finance Act were inconsistent with maintaining a gold standard.

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A History of the Canadian Dollar by James Powell


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