Auditor General of Canada : registrar of free banks

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Document Record

Canada. Office of the Auditor General.
Auditor General of Canada : registrar of free banks
RG 58 B 3
Document source
Library and Archives Canada / Bibliothèque et Archives Canada
The Office of the Auditor General of Canada was established in 1878 to audit the accounts of the federal government's departments, agencies and many of its Crown Corporations. Before 1878, an officer of the Department of Finance, namely the Minister of Finance, had fulfilled this role. The auditor general is independent of the government and reports results of annual examinations of government financial statements to the House of Commons, which are then contained in the Public Accounts of Canada. The office also conducts comprehensive audits of individual departments and agencies or specific programs, and government-wide issues such as management of human resources, contracting and the use of computers. Auditors general are appointed by the governor general in council for 10 year terms during good behaviour. However, removal of an auditor general requires the approval of both the House of Commons and Senate. Auditors general can only serve one term and cannot be reappointed to the position.
From 1850 to 1856, all new chartered banks were obliged to submit statements to the Inspector General semi-annually. Changes in 1851 and 1856 required all banks to submit monthly statements. The Registrar was responsible for keeping track of these records.
This collection consists of statements submitted to the Inspector General by banks. These are the records of the Registrar. The correspondence is indexed by name of the bank.