diff --git a/libsolidity/SolidityWallet.cpp b/libsolidity/SolidityWallet.cpp
index b5f0f7249..6d3d501f4 100644
--- a/libsolidity/SolidityWallet.cpp
+++ b/libsolidity/SolidityWallet.cpp
@@ -275,8 +275,9 @@ contract daylimit is multiowned {
 
 	// METHODS
 
-	// constructor - just records the present day's index.
-	function daylimit() {
+	// constructor - stores initial daily limit and records the present day's index.
+	function daylimit(uint _limit) {
+		m_dailyLimit = _limit;
 		m_lastDay = today();
 	}
 	// (re)sets the daily limit. needs many of the owners to confirm. doesn't alter the amount already spent today.
@@ -354,8 +355,10 @@ contract Wallet is multisig, multiowned, daylimit {
 
 	// METHODS
 
-	// constructor - just pass on the owner array to the multiowned.
-	function Wallet(address[] _owners, uint _required) multiowned(_owners, _required) {
+	// constructor - just pass on the owner array to the multiowned and
+	// the limit to daylimit
+	function Wallet(address[] _owners, uint _required, uint _daylimit)
+			multiowned(_owners, _required) daylimit(_daylimit) {
 	}
 
 	// kills the contract sending everything to `_to`.
@@ -424,7 +427,12 @@ static unique_ptr<bytes> s_compiledWallet;
 class WalletTestFramework: public ExecutionFramework
 {
 protected:
-	void deployWallet(u256 const& _value = 0, vector<u256> const& _owners = vector<u256>{}, u256 _required = 1)
+	void deployWallet(
+		u256 const& _value = 0,
+		vector<u256> const& _owners = vector<u256>{},
+		u256 _required = 1,
+		u256 _dailyLimit = 0
+	)
 	{
 		if (!s_compiledWallet)
 		{
@@ -434,7 +442,7 @@ protected:
 			ETH_TEST_REQUIRE_NO_THROW(m_compiler.compile(m_optimize, m_optimizeRuns), "Compiling contract failed");
 			s_compiledWallet.reset(new bytes(m_compiler.getBytecode("Wallet")));
 		}
-		bytes args = encodeArgs(u256(0x40), _required, u256(_owners.size()), _owners);
+		bytes args = encodeArgs(u256(0x60), _required, _dailyLimit, u256(_owners.size()), _owners);
 		sendMessage(*s_compiledWallet + args, true, _value);
 		BOOST_REQUIRE(!m_output.empty());
 	}
@@ -519,7 +527,7 @@ BOOST_AUTO_TEST_CASE(initial_owners)
 		u256("0x0000000000000000000000004c9113886af165b2de069d6e99430647e94a9fff"),
 		u256("0x0000000000000000000000003fb1cd2cd96c6d5c0b5eb3322d807b34482481d4")
 	};
-	deployWallet(0, owners, 4);
+	deployWallet(0, owners, 4, 2);
 	BOOST_CHECK(callContractFunction("m_numOwners()") == encodeArgs(u256(8)));
 	BOOST_CHECK(callContractFunction("isOwner(address)", h256(m_sender, h256::AlignRight)) == encodeArgs(true));
 	for (u256 const& owner: owners)
@@ -554,7 +562,9 @@ BOOST_AUTO_TEST_CASE(multisig_value_transfer)
 BOOST_AUTO_TEST_CASE(daylimit)
 {
 	deployWallet(200);
+	BOOST_REQUIRE(callContractFunction("m_dailyLimit()") == encodeArgs(u256(0)));
 	BOOST_REQUIRE(callContractFunction("setDailyLimit(uint256)", h256(100)) == encodeArgs());
+	BOOST_REQUIRE(callContractFunction("m_dailyLimit()") == encodeArgs(u256(100)));
 	BOOST_REQUIRE(callContractFunction("addOwner(address)", h256(0x12)) == encodeArgs());
 	BOOST_REQUIRE(callContractFunction("addOwner(address)", h256(0x13)) == encodeArgs());
 	BOOST_REQUIRE(callContractFunction("addOwner(address)", h256(0x14)) == encodeArgs());
@@ -585,6 +595,14 @@ BOOST_AUTO_TEST_CASE(daylimit)
 	BOOST_CHECK_EQUAL(m_state.balance(Address(0x05)), 90);
 }
 
+BOOST_AUTO_TEST_CASE(daylimit_constructor)
+{
+	deployWallet(200, {}, 1, 20);
+	BOOST_REQUIRE(callContractFunction("m_dailyLimit()") == encodeArgs(u256(20)));
+	BOOST_REQUIRE(callContractFunction("setDailyLimit(uint256)", h256(30)) == encodeArgs());
+	BOOST_REQUIRE(callContractFunction("m_dailyLimit()") == encodeArgs(u256(30)));
+}
+
 //@todo test data calls
 
 BOOST_AUTO_TEST_SUITE_END()