1 Dollar/Piastre = 5 Shillings

The Agricultural Bank of Toronto was a short-lived private institution that collapsed in 1837, caught in the broader financial panic that swept North American banking that year. Notes from this issuer are rare survivors — most were redeemed, destroyed, or simply lost when the bank failed before establishing any meaningful reserve or redemption infrastructure.

The triple denomination — Dollar, Piastre, and Shillings — reflects the genuine monetary confusion of Upper Canada in the 1830s, where American dollars, Spanish piastres, and British sterling all circulated concurrently, and a bank issuing only one denomination would have limited its own utility.

Pick lists this as P#1551, placing it firmly in the private Canadian chartered bank issues predating Confederation by more than three decades.