Catalog
10 Dollars/Piastres = 50 Shillings
| Issuer | New Castle District Loan Company, Peterborough |
|---|---|
| Year | 1836 |
| Type | Standard circulation banknote |
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|---|---|
| Obverse lettering | UPPER NEW CASTLE DISTRICT LOAN COMPANY CANADA DIX PIASTRES FIFTY SHILLINGS Currency PETERBOROUGH 10 |
| Reverse description | No reverse image available; reverse details are not recorded. |
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| Comments |
The New Castle District Loan Company was one of dozens of Upper Canadian district loan companies chartered under the 1821 District Loan Company Act, but few produced paper currency, and fewer still survive in the catalog today. This Peterborough issuer operated in a region of recent settlement where specie was chronically scarce and American banknotes frequently filled the gap — which partly explains why Rawdon, Wright & Hatch in New York received the printing contract rather than any British or Canadian firm.
The triple denomination line — dollars, piastres, and shillings simultaneously — reflects the genuinely chaotic monetary arithmetic of pre-Confederation Ontario, where Halifax currency, sterling, and Spanish dollar accounting coexisted in daily commerce with no fixed legal resolution until well after Confederation.