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100 Dollars
| Issuer | Canadian Bank of Commerce |
|---|---|
| Year | 1922 |
| Type | Log in to see details |
| Value | 100 Dollars |
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|---|---|
| Obverse lettering | THE CANADIAN BANK OF COMMERCE I WILL PAY TO THE BEARER ON DEMAND BRIDGETOWN, BARBADOS 2ND JANUARY 1922 100 DOLLARS IN BARBADOS CURRENCY ONE HUNDRED DOLLARS IN BARBADOS CURRENCY BARBADOS PRESIDENT GENERAL MANAGER |
| Reverse description | The reverse is executed in intaglio and displays the bank's heraldic vignette at centre, comprising a shield with a sailing vessel, flanked by two allegorical figures — a male figure representing industry or commerce at left and a female figure holding a sheaf of wheat at right — each standing on ornate scroll-work. A Union Jack surmounts the central arms above. Large '100' numerals occupy the left and right fields within decorative guilloche panels, with a repeating '100' micro-text border running along all four edges. |
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| Comments |
The Canadian Bank of Commerce was one of the last private chartered banks still issuing its own currency under the Bank Act, a practice the Dominion government steadily curtailed through the 1920s before eliminating it entirely by 1945. This 1922 issue appeared just as Ottawa was tightening the screws on chartered bank circulation — the Finance Act of 1914 had already shifted real monetary control toward the government, leaving high-denomination chartered bank notes increasingly anachronistic instruments.
The American Bank Note Company's Ottawa facility handled production, the same plant responsible for much of Canada's chartered banking paper in this period. At the $100 level, circulation was thin — these moved between businesses and clearing houses, not pockets.