Retrieved from “www.archive.org different from that employed in the United States. There the supreme executive body is the board of management. At Halifax and Hamilton the cashiers and managers of the several banks constitute the board of management. At St. John only the man- agers or agents, or, in their absence, the acting manager or acting agents, constitute the board. At Toronto seven bank officers are elected at each annual meeting to serve in this capacity, and at Winnipeg the committee is com- 34 CLEARING-HOUSES posed of five bank representatives. The chairman of the board is elected annually at Halifax, Hamilton, and St. John, and at Toronto a chairman, vice-chairman, and secretary-treasurer are

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