LONCLEAR #78 THE LONDON CLEARING HOUSE

Retrieved from "http://www.archive.org/stream/clearinghousesth00cannuoft/clearinghousesth00cannuoft_djvu.txt"for small bills, they could be supplied from the clearing-house vaults. By such an arrangement the banks would not be obliged, as has often been the case, to give up one form of money which they desire to keep for the sake of pro- curing another form, and therefore they would be able to work to a greater or lesser extent independently of the sub-treasuries. These and many other matters might be taken up by clearing-houses, and brought to the same degree of per- fection as the loan certificate, an instrumentality which has been of inestimable value to the business world. CHAPTER V THE ADMINISTRATION OF CLEARING-HOUSES List of Officials Duties of Officers Committees Annual Meetings Plan of Administration in Canada Duties of Officers and Committees.