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- 62 VICTORIA ILLUSTRATED.
Molson's Bank, Commercial Bank of Manitoba and Bank of Nova Scotia. In the United States they are represented by the Bank of Montreal in
New York and Chicago.
Collections are carefully attended to, and a general banking business is transacted. The bank receives de-posits for fixed periods, and
will supply information as to rate of interest, etc., upon application.
BANK OF MONTREAL.
This great corporation has recently opened a branch at Victoria, and Campbell Sweeney, senior manager for the Coast, and manager of the
Vancouver branch, opened the new branch on the first of last April. The Bank of Montreal was incorporated by Act of Parliament in 1817,
with a paid up capital of $12,000,000, and a reserve fund of $6,000,000, with head office in Montreal. Hon. Sir Donald A. Smith,
K. C. M. G., is president, and the Hon. G. A. Drummond is vice-president. The other directors are : Gilbert Scott, A. T. Paterson,
Hugh McLennan, E. E. Greenshields, W. C. McDonald, Hon. J. J. C. Abbott and R. B. Angus. E. S. Clouston is general manager, and A.
MacNider is chief inspector and superintendent of branches. The corporation has thirty-three branches situated in the principal cities
and towns of Canada, and others in the United States, England and Scotland. In 1887 they established a branch at Vancouver, and, in order
to meet the demand, they established another at New Westminster, under, the management of G. D. Brymner. The Bank of Montreal has a Savings
Department in connection with its regular business, allowing interest on deposits at 4 per cent., and also issues special interest-bearing
receipts. Mr. A. J. C. Galletly, who was formerly manager at Brantford, Ont., has assumed management of the Victoria branch.
BANK OF BRITISH NORTH AMERICA.
This banking house was established in 1836, and in 184o it was incorporated by royal charter, with a capital stock of ?1,000,000 sterling.
Its reserve fund amounts to ?265,000 sterling. In 1859 a branch was established in Victoria. They do a general banking business, including
foreign exchange on all parts of the world. They havealso a Savings Department, where interest is allowed on time deposits of any amount.
Mr. Gavin Hamilton Burns is the manager here, and for the past thirteen years he has been with the Victoria branch of the concern.
GARESCHE, GREEN AND CO.
In 1873, Wells, Fargo & Co.'s Bank was taken over by this firm, which was then established on Yates street, but subsequently removed to
Government street, where, at the corner of Trounce avenue, they are to erect their new building, which is three stories in height, having
a frontage of 60 feet on Government and Broad streets, and 240 feet on Trounce avenue. This is the only house which purchases gold dust
at market rates, and in any case it has to pass through their hands. They attend to all of Wells, Fargo & Co.'s business here, give
letters of credit, bills of ex-change, and have facilities for drawing direct on over 10,000 cities in the United States, Canada, Europe,
Mexico and China. Mr. Garesche died in 1874, and after that time Mr. Green had the entire management of the firm's business until his death,
on the 21St of September last, and it was owing to his popularity and positive integrity that the business was built to its present
immense proportions. Although not a chartered bank, the capital of this firm is equal to that of many of the chartered banks of Eastern
Canada, and is regarded as the largest private banking house in the Dominion. Mr. F. H. Worlock, who was formerly the assistant manager,
and is now manager of the bank, is a man of large experience in banking, of great courtesy, and very popular among the citizens of Victoria.
As SHOWING the manner in which the volume of declared exports from the port of Victoria to the United States has increased of late years,
the subjoined figures obtained from the American Consulate in this city will be of interest :
Year ending June 30, 1885 $2,267,685 81
" " " 1886 2,302,437 86
" " " 1887 2,364,222 30
" " " 1888 2,624,909 18
" " " 1889 2,720,998 77
" " " 1890 2,472,126 16
" " " 1891 3,102,182 93
MAYOR JOHN GRANT, M. P. P.
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