Purchase of this book includes free trial access to www.million-books.com where you can read more than a million books for free. This is an OCR edition with typos. Excerpt from book: Text of the Law Relating to the Banks of Issue and the Circulation of Bank Notes in Italy CONTENTS. Page. Royal decree 261 Title I.—Issue of notes and other obligations 263 Title II.—Circulation 265 Section I.—Limit of circulation 265 II.—Exchange of notes 266 III.—Reserve 267 IV.—Circulation tax and participation of the State in the profits of banks of issue 273 Title III.—Advances to the treasury 277 Title IV.—Operations 277 Section I.—Discounts 277 II.—Advances 280 III.—Purchase and sale of bills of exchange, drafts, and assignments on foreign countries 283 IV.—Direct investments 284 V.—Deposits in current accounts 287 VI.—Issue of customs certificates, and provincial revenue service 287 VII.—Provincial service of the Royal Treasury 289 VIII.—Special operations of the Bank of Naples: Savings branch, pawn office, custody of remittances and savings of Italian emigrants abroad 290 IX.—Agrarian credit and savings branch of the Bank of Sicily ". 293 X.—Other regulations 295 Title V.—Mutual redemption of notes among the several banks 298 Title VI.—Liquidation of the Banca Romana 299 Page. Title VII.—Liquidation of realty credits of banks of issue 301 Section I.—Special regulations for the credit foncier or realty credits of the former Banca Nazionale nel Regno and the Bank of Sicily 301 II.—Special regulations for the realty credits of the Bank of Naples 305 III.—Regulations common to the realty credit administrations of the three banks 311 Title VIII.—Supervision of circulation and banks of issue 318 Section I.—General regulations 318 II.—Permanent commission 318 III.—Permanent supervision 321 IV.—Periodical and extraordinary i...