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20 Dollars
| Issuer | Bank of Canada |
|---|---|
| Year | 1935 |
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| In circulation to | 1937 |
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| Obverse description | The obverse is printed in black and green intaglio on a light pink guilloche underprint. At left centre, an oval vignette presents a portrait of Princess Elizabeth as a young girl. The centre carries the large numeral '20' within an ornate frame, flanked by a circular maple leaf medallion to its right. The issuer's title 'THE BANK OF CANADA' arches across the top, with the obligation 'WILL PAY TO THE BEARER ON DEMAND' below it, and the place and date of issue 'OTTAWA, ISSUE OF 1935' across the middle field. Two facsimile signatures of the Deputy Governor and Governor appear at the lower centre. |
|---|---|
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| Variants | P#46a - Large seal. English text. Series A. Signature Osborne-Towers P#46b - Small seal. English text. Series A. Signature Osborne-Towers |
| Comments |
The 1935 Bank of Canada series was the institution's first issue, produced the year the Bank opened for business — Canada had no central bank until then, with chartered banks issuing their own notes. The transition was abrupt: Dominion of Canada notes and chartered bank currency were called in and replaced by this single series within a compressed window.
Two distinct English and French versions were printed for most denominations in 1935 — a political concession that was quietly abandoned in 1937 when fully bilingual notes replaced both. P#46 is the English version; the French-language counterpart is P#47.
Osborne was the Bank's first Deputy Governor; Towers its first Governor, appointed at 37.