20 Piastres

The Banque d'Hochelaga was a Montreal-chartered institution serving largely francophone Quebec commercial interests, and by 1898 it was one of the more aggressive regional competitors to the Bank of Montreal's dominance. The American Bank Note Company in New York was the prestige printer of choice for Canadian chartered banks throughout this period — its intaglio work set a quality benchmark that domestic printers couldn't reliably match.

Twenty piastres was the older French-language denomination convention; "piastres" and "dollars" appeared interchangeably on Quebec-issued chartered bank notes well into the late nineteenth century, the linguistic choice carrying mild political weight in an increasingly fraught federal banking environment. The Banque d'Hochelaga would eventually merge into the Banque Canadienne Nationale in 1924.