Question 572.— Has a bank in the United States any right to require its Canadian correspondent to affix a United States revenue stamp to a draft upon it ?

Answer.—We think the bank has a perfect right to lay down the conditions on which it will allow customers to draw cheques upon it. The correspondent must, if the drawee bank makes it a condition of the opening or continuance of the account, bear the cost of the stamp, and the bank may properly require it to be affixed before the drafts are presented.