An Ordinance to authorize the Incorporated and Chartered, and other Banks in this Province to suspend the redemption of their Notes in Specie, under certain regulations, for a limited time.

  • Province
    Lower Canada (1792-1841)
  • Chapter
    1 Victoria Chapter 24 (Session 1)
  • Year
    1838
  • Concepts
    Financial Regulation
  • Jurisdictional Relevance
    Provincial/Provinciale
    Private
  • Number of Articles
    10
  • Description
    Under this Ordinance, any Bank within the Province that ceases to redeem its notes in the current coin of the Province is not to be compelled to cease its operations, within the terms as described. Measures relating to the suspension of Cash Payments are outlined. A form for obtaining the general statement of affairs for banking branches is included.
  • Source
    Not available