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5 Dollars / 1 Pound 10 Pence

Issuer Royal Bank of Canada
Year 1938
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Shape Rectangular
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Obverse lettering THE ROYAL BANK OF CANADA WILL PAY TO BEARER ON DEMAND AT ST. JOHNS ANTIGUA FIVE ANTIGUA DOLLARS THE EQUIVALENT OF £1-0-10 THE SUM OF FIVE DOLLARS IN ANTIGUA CURRENCY REDEEMABLE ONLY IN ANTIGUA
Reverse description Printed entirely in green, the reverse is dominated by a large central vignette of the Royal Arms of the United Kingdom — a crowned heraldic shield supported by a lion and a unicorn above a ribbon bearing the motto DIEU ET MON DROIT — set within an elaborate guilloche framework. Denomination panels reading FIVE ANTIGUA DOLLARS THE EQUIVALENT OF £1-0-10 appear at both left and right, and the bank title THE ROYAL BANK OF CANADA is inscribed at the foot of the design. The printer's imprint CANADIAN BANK NOTE COMPANY LIMITED appears in small lettering at the bottom margin.
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The Royal Bank of Canada operated branches across the Caribbean throughout the first half of the twentieth century, and this dual-denomination note — denominated simultaneously in dollars and pounds sterling — was struck specifically for use in territories where both currencies held practical daily relevance. The twin valuation was a commercial necessity, not an affectation: British colonial subjects conducting transactions in Eastern Caribbean markets needed a note that crossed monetary systems without requiring mental arithmetic at the counter.

The Canadian Bank Note Company printed the series in Ottawa, a firm that by the late 1930s held an overwhelming share of Canadian chartered bank contract work. Pick S117 is among the last private Canadian chartered bank issues before wartime pressures and regulatory consolidation steadily ended that era of commercial note issue.

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