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20 Dollars Canadian Bank of Commerce
| Issuer | Canadian Bank of Commerce |
|---|---|
| Year | 1939 |
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| Currency | Dollar (1822-1964) |
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| Obverse description | Intaglio-printed note in black and grey with a red guilloche underprint at centre. At left, a seated male figure interpreted as Neptune or a river god rests against a trident, while at right a group of allegorical female figures — possibly mermaids or sea nymphs — and a standing male figure with a caduceus fill the vignette in finely engraved detail. The denomination "20" appears in large red numerals at lower centre over the red underprint, flanked by "XX" counters in the lower corners, with two red serial numbers printed horizontally across the underprint field. Two facsimile signatures of the President and General Manager are printed at bottom centre. |
|---|---|
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| Reverse lettering | CANADIAN BANK OF COMMERCE EST. 1867 TWENTY COPYRIGHT REGISTERED CANADIAN BANK NOTE COMPANY, LIMITED DESIGN REGISTERED 1934 |
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| Comments |
The Canadian Bank of Commerce was one of several chartered banks still issuing their own notes in 1939, operating under the provisions of the Bank Act that had permitted private bank currency since Confederation. That arrangement was already dying — the Bank of Canada had opened in 1935, and the 1944 revision to the Bank Act would strip chartered banks of their right of issue entirely, phasing out all private notes by 1950. This note belongs to the last generation of chartered bank currency Canada would ever see.
The Canadian Bank Note Company in Ottawa held the contract for this series, as it did for much of the chartered bank work in the late dominion period.