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10 Dollars
| Issuer | Imperial Bank of Canada, Toronto |
|---|---|
| Year | 1934 |
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| Value | Log in to see details |
| Currency | Dollar (1858-date) |
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|---|---|
| Obverse lettering | IMPERIAL BANK OF CANADA TORONTO, 1ST NOV. 1934 WILL PAY TO BEARER ON DEMAND TEN DOLLARS GENERAL MANAGER PRESIDENT CANADIAN BANK NOTE COMPANY, LIMITED |
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| Signature(s) | Phipps and Ralph Jaffray and Ralph |
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| Comments |
The Imperial Bank of Canada was absorbed into the Canadian Imperial Bank of Commerce in 1961, making all its pre-merger private issues effectively legacy paper. By 1934, chartered bank note issuance in Canada was already in terminal decline — the Bank of Canada Act of that year established the central bank, and privately issued currency was phased out over the following decade, with chartered banks losing their right of issue entirely by 1950.
The Canadian Bank Note Company produced the bulk of chartered bank issues during this final period. Notes from the 1934 run saw limited circulation as the public increasingly held Dominion of Canada and later Bank of Canada issues as the preferred instrument.