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5 Dollars

Issuer Imperial Bank of China
Year 1904
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Value 5 Dollars
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Obverse lettering 中國通商銀行
伍元
憑票即付
上海通用銀元
祇認票不認人
執此為照
大清光緒三十年春正月穀旦
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Variants P#A55a - Small signature. Printer: BWC.
P#A55b - Large signature. Without imprint.
P#A55r - Remainder perforated: CANCELLED.
Comments

The Imperial Bank of China was established in 1897 as a quasi-governmental institution — China's first modern bank with Western-style organization — but it never achieved the dominance its backers anticipated. British commercial interests held significant influence over its early operations, which explains the London printing contract with Bradbury, Wilkinson rather than any domestic facility. By 1904 the bank was already losing ground to the Russo-Chinese Bank and the Hongkong and Shanghai Banking Corporation.

The institution was absorbed and reorganized following the 1911 revolution. Notes from the 1904 series survived in relatively small numbers, partly because circulation was geographically uneven — concentrated in treaty port areas rather than distributed nationally.

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