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The Bank of Canada Act is a piece of Canadian federal legislation, adopted in 1934, which created the Bank of Canada, the cornerstone of the central banking system in Canada.〔http://www.thecanadianencyclopedia.com/index.cfm?PgNm=TCE&Params=A1ARTA0000499〕 The act is part of the Statutes of Canada. Prior to 1934, Canada had no central bank and fragmented control of the banking system. The Canadian Bankers Association took the role of regulating the bank system since 1891 and the Bank of Montreal was the government's banker. W. F. MacLean, MP for South York, presented the idea of a central bank to Parliament in 1913, but the idea was shot down by then Prime Minister Sir Robert Borden.〔(【引用サイトリンク】title=The Bank's History )〕 It was initially a private bank and became a government-owned corporation in 1938.〔(【引用サイトリンク】title=The Bank's History )〕 Amendments to the act allowed the Bank of Canada to divide the capital of the bank into one hundred thousand shares of a value of fifty dollars each, which were issued to the Minister of Finance to be held on behalf of Her Majesty in right of Canada. Canada's provinces and federal government has the right to borrow loans at almost zero % from the bank of Canada.〔(【引用サイトリンク】title= BANK OF CANADA ACT )〕 The Act requires all banknotes of the Canadian dollar to be approved by the Minister of Finance for "form and material". ==See also== * Federal Reserve Act * Exchange Fund Ordinance * Bank of England Act 1716 * Canada Deposit Insurance Corporation Act 抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』 ■ウィキペディアで「Bank of Canada Act」の詳細全文を読む スポンサード リンク
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