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5 Dollars / 1 Pound 10 Pence Royal Bank of Canada
| Issuer | Royal Bank of Canada |
|---|---|
| Year | 1938 |
| Type | Standard circulation banknote |
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| Obverse description | A central intaglio vignette presents a large ocean liner underway at sea, enclosed within an ornate frame with fine guilloche work. The bank title THE ROYAL BANK OF CANADA is set across the top in bold letterpress, with the denomination FIVE TRINIDAD DOLLARS and its sterling equivalent £1-0-10 appearing in the lower right corner and in panels to either side. The date PORT OF SPAIN TRINIDAD JANUARY 3RD 1938 is inscribed at the lower left, with serial numbers flanking the central vignette. |
|---|---|
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| Reverse description | The centre of the reverse is dominated by the Royal Arms with supporters — a crowned lion and a unicorn flanking a quartered shield — rendered in finely detailed intaglio engraving. The denomination FIVE TRINIDAD DOLLARS THE EQUIVALENT OF £1-0-10 is printed in two panels on either side of the arms, and THE ROYAL BANK OF CANADA appears in bold lettering along the lower margin. The entire design is enclosed within a decorative guilloche border with ornamental corner devices. |
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| Comments |
The Royal Bank of Canada operated branches across the Caribbean well into the twentieth century, and this dual-denomination note — valued at both 5 Dollars and 1 Pound 10 Pence — was issued specifically for use in territories where sterling and dollar systems overlapped. The fixed exchange rate of 4 shillings 2 pence to the dollar underpins the equivalence printed on the face.
Canadian chartered banks retained the legal right to issue their own currency in certain colonial markets long after domestic Canadian note issue was effectively nationalized. The 1938 date places this near the end of that privilege.