20 Dollars

The Bank of Montreal was Canada's oldest chartered bank and still operating its own note issue in 1935 — a situation that would end permanently in 1944 when chartered banks lost the right to issue currency under the revised Bank of Canada Act. This note belongs to the final chapter of that centuries-old private banking tradition.

Jackson Dodds served as General Manager of the Bank of Montreal from 1928 to 1942; C.B. Gordon was Chairman of the Board. The pairing of a General Manager with a Chairman rather than a President in the signature combination is relatively unusual among Canadian chartered bank issues of the period.