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1 Pound The Canadian Bank of Commerce
| Issuer | The Canadian Bank of Commerce |
|---|---|
| Year | 1938 |
| Type | Log in to see details |
| Value | 1 Pound |
| Currency | Log in to see details |
| Composition | Log in to see details |
| Size | Log in to see details |
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| Printer | Log in to see details |
| Designer(s) | Log in to see details |
| Engraver(s) | Log in to see details |
| In circulation to | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | THE CANADIAN BANK OF COMMERCE / WILL PAY TO BEARER ON DEMAND ONE POUND / AT ITS BRANCH IN KINGSTON JAMAICA / PRESIDENT / GENERAL MANAGER / CANADIAN BANK NOTE COMPANY LIMITED OTTAWA / £1 |
| Reverse description | Log in to see details |
| Reverse lettering | ONE POUND |
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| Comments |
By 1938, Canadian chartered banks were issuing their final years of private banknotes — the Bank of Canada Act of 1934 had set the process in motion, and the chartered banks lost their note-issuing rights entirely in 1950. This particular pound-denominated issue is unusual: Canadian chartered bank notes were almost universally denominated in dollars by this period, making a sterling-denominated note from 1938 almost certainly intended for use in Newfoundland, which remained a separate dominion until 1949 and where pound-based accounting was still in common use.
The Canadian Bank Note Company in Ottawa printed the bulk of late-era chartered bank issues, working from engraved plates with a consistency that makes printer-based attribution straightforward for this series.