Catalog
10 Dollars
| Issuer | Royal Bank of Canada |
|---|---|
| Year | 1935 |
| Type | Standard circulation banknote |
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|---|---|
| Obverse lettering | DOMINION OF CANADA THE ROYAL BANK OF CANADA WILL PAY TO BEARER ON DEMAND 10 D 1354843 TEN DOLLARS MONTREAL JAN. 2nd 1935 GENERAL MANAGER PRESIDENT BRITISH AMERICAN BANK NOTE CO. LTD OTTAWA |
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| Signature(s) | J.E. Dobson and Morris Wilson |
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| Comments |
The Royal Bank's 1935 series arrived at an awkward moment — the Bank of Canada had just been established that same year and immediately began absorbing chartered bank circulation. The Royal Bank and other private issuers retained the legal right to circulate their own notes but faced a structured phase-out, with a prohibitive tax on chartered bank notes below $5 eventually squeezing the smaller denominations out entirely. The $10 denomination survived longer, giving notes like this one a genuine if brief period of active use.
Morris Wilson was president of the Royal Bank at the time of signing. The British American Bank Note Company in Ottawa had been the Royal Bank's primary printer for decades by this point, a relationship that shows in the consistent execution across the 1935 series.