10 Dollars

Emittente	Banque Canadienne Nationale
Anno	1935
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Dimensioni	189 x 92 mm
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Descrizione del dritto	Bilingual note with a central allegorical vignette of a seated female figure with children, engraved in intaglio, flanked by oval portrait medallions of two bank officials at left and right. Guilloche underprints and ornamental X numerals appear in the four corners, with the bilingual text WILL PAY TO BEARER ON DEMAND / PAIERA AU PORTEUR SUR DEMANDE on either side of the central vignette. The date Montreal, Jany 2nd 1935 / Montreal, le 2 Jan. 1935 is printed in red above, with serial numbers in red at upper left and right, and the denomination TEN DOLLARS DIX rendered across the lower margin.
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Descrizione del rovescio	The reverse is printed in olive-brown intaglio on a fine guilloche background, centred on a large oval containing the Canadian coat of arms with provincial shield quarterings, supported by heraldic devices and surmounted by the word CANADA. Large numeral 10 counters appear at left and right within elaborate scrollwork frames, and a beaver device is visible at the base of the central oval. The bank name BANQUE CANADIENNE NATIONALE is lettered in two lines across the lower portion within a decorative panel.
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Commenti	The Banque Canadienne Nationale was a Montreal-based francophone institution formed in 1924 from the merger of the Banque Nationale and the Banque d'Hochelaga. By 1935, Canadian chartered banks were operating under a system about to be dismantled — the Bank of Canada Act of 1934 had established the central bank, which began operations in March 1935, and the chartered banks' note-issuing privileges were already on a legislated path toward extinction. This note was printed in the final years when private banks in Canada could still circulate their own currency. The Canadian Bank Note Company handled the majority of chartered bank printing work in this period. Privilege tax obligations under the Finance Act made over-issuance a practical liability, not merely a regulatory one.