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1 Dollar = 5 Shillings
| Issuer | Bank of Montreal |
|---|---|
| Year | 1846-1849 |
| Type | Log in to see details |
| Value | 1 Dollar = 5 Shillings |
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| Composition | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | BANK OF MONTREAL QUEBEC On Demand This Will pay Five Shillings Currency Countersigned & Entered In This City For the President & Directors CAPITAL £750,000 CAPITAL $3,000,000 QUEBEC OTTAWA |
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| Reverse lettering | ONE |
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| Comments |
The Bank of Montreal was already the dominant financial institution in British North America by the 1840s, yet this note straddles two currency systems simultaneously — quoting both dollars and shillings to serve a commercial population that thought in either unit depending on context. The dual denomination was a practical concession to the persistence of Halifax currency reckoning in daily trade, not a design flourish.
The American Bank Note Company imprint dates this to the earliest years of ABNCo's existence — the firm was only consolidated in 1858, meaning notes from this period were produced under one of its predecessor houses, most likely Rawdon, Wright, Hatch & Edson, who held the Bank of Montreal account at the time.