"[4] The initial capital was CA$5 million, consisting of shares of fifty dollars each for public subscription.
[8] The Act requires all banknotes of the Canadian dollar to be approved by the Minister of Finance for "form and material".
[11] The bank was required to provide to the Minister of Finance each Wednesday a statement of assets and liabilities, which was published the following week in the Canada Gazette.
[12] This provision remains in the current Bank of Canada Act, which has been amended numerous times.
Directors of the bank are to be determined from various occupations, but candidates must be Canadian citizens (originally British subjects) and not employed by other financial institutions or a shareholder in other financial institutions (originally this was chartered bank directorship, ownership or employment) and other requirements under the Act.