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10 Dollars
| Issuer | Bank of Nova Scotia |
|---|---|
| Year | 1935 |
| Type | Log in to see details |
| Value | Log in to see details |
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| Composition | Log in to see details |
| Size | 207 x 121 mm |
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|---|---|
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| Reverse description | The reverse is printed in dark blue-black on an intricate, overall guilloche pattern of exceptional density, with a large central medallion bearing the Bank of Nova Scotia seal inscribed 'THE BANK OF NOVA SCOTIA INC'D A.D. 1832' and incorporating a heraldic ship motif. The denomination numeral '10' appears in four corner positions within the ornate geometric latticework, and further '10' counters are set within floral rosette panels arranged symmetrically around the central medallion. The printer's imprint 'Canadian Bank Note Company, Limited' is present at the lower margin. |
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| Protection description | Watermarked cotton paper with the bank's name or geometric pattern visible when held to light. |
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| Comments |
The Bank of Nova Scotia's 1935 Dominion series notes were issued under the provisions of the 1934 Bank Act revision, which for the first time required Canadian chartered banks to maintain Dominion notes as reserves against their own circulation — a structural change that quietly undermined the long-term commercial viability of bank-issued currency. This was, in practical terms, the beginning of the end for chartered bank notes in Canada. The Bank of Canada had opened the previous year, and the writing was already on the wall.
The Canadian Bank Note Company produced this series in Ottawa. Surviving examples in any grade are not especially common; chartered bank issues from this period were called in and destroyed with considerable efficiency after the 1945 deadline for redemption.