Question 449. - Why is it that the old issues of the Bank of Nova Scotia and Merchants Bank of Halifax notes are not worth their face to-day?

Answer. - We presume that the notes referred to were issued before 1st July, 1871, and that they are consequently payable in the old currency of Nova Scotia. Such obligations are, by section 17 of the Currency Act, 1910, payable in the equivalent of the currency of Canada, of which 73 cents is made equal to 75 cents of the old currency of Nova Scotia. If in any sums there is a fraction of a cent in the equivalent in the old currency of Canada, the nearest whole cent shall be taken.