This section is from the book "Canadian Banking Practice", by John T. P. Knight.
This section is from the "" book, by .
Question 617. - Why do trust companies in Canada require such large paid-up capitals? How do they employ their money?
Answer. - Trust companies doubtless find that their business and credits are best subserved by having large capitals, and paid-up rather than partially paid, because of the liability attached to the latter. The Government returns show that investments are made of the capital.
 
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