The first form given in Figure 12 is for drafts drawn on foreign correspondents.

BILLS DISCOUNTED REMITTED, MATURING___________________________191______

B.D.R.No.

Promissor or Acceptor

For Whom Discounted

Where Remitted

Initials

Amount

Remarks

Bank

Place

Date

Figure 10. Trade Bills Remitted Diary

Trade Bills Remitted, Maturing Week August 1st To 8th, 1913

No.

Payee

Discounted for

Due

Remitted to

Amount

Remarks

Bank

Place

Date

Initials

4641

Brown, J.

Smith, T.

4

B. of C.

Bankton

Mar.

4

R.

100

4

Jones, S.

Roy, H.

7

Toronto

5

R.

200

Figure 11. Trade Bills Remitted Diary

These generally have to be covered by remittances or credits to another branch or correspondent. Great care should be taken to see that the draft is properly made out, signed, advised and remitted for correctly.

Figure 13 is the register for drafts drawn on other branches. The total for the day is credited to an account in the general ledger called draft account. After payment the draft is returned by the drawee branch at debit, is marked off with the dating stamp, listed with other paid drafts in the right-hand column, and at the end of the day this total is debited to the draft account. The items unmarked at any time will be outstanding, and their total will balance with the draft account in the general ledger.