Question 492.— Are perpetual current account ledgers under any legal disability?

Answer.—If by " perpetual" ledger is meant one from which the leaves can be removed and fresh pages substituted, we do not think that this involves anything that can be called legal disability. It is conceivable that part of the record might get lost, or its genuineness be impugned because of the apparent ease with which a false sheet could be inserted, hut the position of a customer's account is always a matter of proof, and the facts can be evidenced in any way.

As to the expediency of using such a ledger, we would say that we think there are sufficient practical objections to outweigh its apparent advantages.