1. The President, or the person who during a vacancy in the office of, or in the absence of, the President, shall be acting as President, shall, from time to time, by writing under his hand, appoint two or more persons to be the representatives of the Association at the burning and destruction of the bank notes of any insolvent bank specified in such appointment, and the said representatives shall together with the liquidator make the necessary certificates of destruction.

2. The certificate of destruction shall be in the following form or to the like effect:The Canadian Bankers' Association.

Certificate of Destruction of Notes of............Bank.

We, the undersigned, hereby certify that we have examined bank notes of this Bank amounting to $................consisting of the following, viz.: (here set out the denominations) and have burned and destroyed the same, and that the said notes so burned and destroyed by us are not included in any other Certificate of Destruction of Notes signed by us or any of us, or to the best of our knowledge and belief, by any other person.

Dated at......................this....................day of ..................................................19 .......

The Canadian Bankers' Association.

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Liquidator of............Bank.