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10 Dollars/Piastres = 50 Shillings
| Issuer | New Castle District Loan Company, Peterborough |
|---|---|
| Year | 1836 |
| Type | Standard circulation banknote |
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| Obverse description | The obverse bears the heading 'Upper New Castle District Loan Company, Canada' in a circular legend surrounding a central vignette of St. George on horseback slaying the dragon, rendered in fine intaglio engraving. Large numeral '10' cornerpieces flank the central design, with a secondary vignette at lower left of a pastoral rural scene and a standing soldier vignette at right. The denomination 'DIX PIASTRES' is printed in a panel at lower left, with manuscript date 'Peterborough, 2 Aug 1836' and handwritten text within the promise-to-pay body. |
|---|---|
| Obverse lettering | UPPER NEW CASTLE DISTRICT LOAN COMPANY CANADA DIX PIASTRES FIFTY SHILLINGS Currency PETERBOROUGH 10 |
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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.