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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 |
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| Composition | Log in to see details |
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| Shape | Rectangular |
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| Engraver(s) | 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 | Central vignette of Mercury seated at centre, flanked by two allegorical female figures, with the bank seal at centre. The design is executed in fine intaglio with intricate guilloche border work framing the composition. |
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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.