<?xml version="1.0" encoding="UTF-8"?>
<TEI xmlns="http://www.tei-c.org/ns/1.0">
  <teiHeader>
    <fileDesc>
      <titleStmt>
        <title>The Constitution of Canada</title>
        <author>
          <persName>
            <forname>Joseph Edwin Crawford</forname>
            <surname>Munro</surname>
          </persName>
        </author>
      </titleStmt>
      <publicationStmt />
      <sourceDesc>
        <bibl>
          <msIdentifier>
            <idno>1895543282</idno>
          </msIdentifier>
        </bibl>
      </sourceDesc>
    </fileDesc>
  </teiHeader>
  <text>
    <body>
      <div>256 DIVISION OF LEGISLATIVE POWER. 
But with the exception of banks the provinces have full 
power as regards “the incorporation of companies with 
provincial objects,” s. 92 (11). This however implies that 
the incorporation of companies to carry on business through- 
out the Dominion belongs to the Dominion, and the fact 
that a company confines the exercise of its powers to one 
province will not render its incorporation ultra vires. 
13. MONEY AND BANKING. 
The following matters are solely within Dominion legis- 
lation :— 
1. Currency and Coinage. s. 91 (14). 
2. Issue of Paper Money. s. 91 (15). 
3. Legal Tender. s. 91 (20). 
4. Bills of Exchange and Promissory Notes. s. 91 (18). 
5. Banking and Incorporation of Banks. s. 91 (15). 
8. Savings Banks. s. 91 (16). 
7. Interest. s.91 (19). 
A province may authorize a corporation or other body to 
borrow money at a rate of interest legalised by the Dominion 
Parliament, but it cannot alter the legal rate of interest? 
14. AGRICULTURE AND IMMIGRATION. 
On two subjects, viz. 
1. Agriculture in the province, 
2. Immigration into the province, 
concurrent powers of legislation are given to the Dominion 
and the provinces, subject to the proviso that a provincial 
law is only to be of force in so far as it is not repugnant 
to the Dominion Act. s. 95 
Lt 4. @. for Quebec v. Colonial Building and Investment Association, 
9 App. Cas. 157. 
* Royal Canadian Insurance Co. v. Montreal Warehousing Co. Q. 8 Legal 
News, 155; 2 Cart. 861; Ross v. Torrance, @. 2 Legal News, 186 : 2 Cart. 352.</div>
    </body>
  </text>
</TEI>
