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20 Dollars Bank of Montreal
| Issuer | Bank of Montreal |
|---|---|
| Year | 1935 |
| Type | Local banknote |
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|---|---|
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| Reverse description | Printed entirely in green, the reverse centres on an intaglio vignette of the Bank of Montreal's neoclassical head office on Saint-Jacques Street, with columned portico and domed rotunda; denomination numeral '20' appears in large guilloche panels at left and right, with 'Twenty Dollars' in a ruled panel at the base amid fine lathe-work borders. |
| Reverse lettering | BANK OF MONTREAL 20 XX Twenty Dollars XX CANADIAN BANK NOTE COMPANY, LIMITED. |
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| Comments |
The Bank of Montreal's 1935 series came at a moment of institutional anxiety. The Bank of Canada had been established that same year, taking over the exclusive right to issue notes in Canada — though chartered banks were permitted a transitional period to keep their own currency in circulation. This $20 note is a product of that window, issued by a private bank already aware its note-issuing days were numbered.
Jackson Dodds served as General Manager, C.B. Gordon as President. The Canadian Bank Note Company printed the run in Ottawa, as it had for the Bank of Montreal through much of the twentieth century. Chartered bank notes were finally withdrawn from circulation in 1950.