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The obverse is printed in green and black intaglio on a light guilloche underprint, with the bank title EASTERN BANK OF CANADA in bold lettering across the upper register and the issuing location St. John's, N.L. with the date 15th May 1929 below. A large central vignette illustrates a busy harbour scene with a steamship and sailing vessels docked at a wharf, surrounded by cargo, workers, and a truck in the foreground. Large numeral 5 counters appear in each corner, with FIVE DOLLARS in bold lettering along the lower border, flanked by the signatures of the President and General Manager. |
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The reverse is printed entirely in orange on white paper, with an ornate guilloche framework enclosing two large scalloped oval counters bearing the numeral 5 and the word FIVE on either side. The central motif is the Eastern Bank of Canada's circular seal, which displays a quartered coat of arms with maritime and landscape vignettes, surrounded by the bank's full name in an arc. The words FIVE DOLLARS appear at the top and FIVE is repeated along the lower border within decorative lathe-work panels. |
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The Eastern Bank of Canada had a short and troubled run. Chartered in 1910, it collapsed in 1928 — meaning this 1929-dated note was issued during the formal wind-down and receivership period, not by a functioning bank. Notes printed after the suspension of operations were used to settle outstanding claims and facilitate the orderly closure, a process overseen by the Canadian government under the terms of the Bank Act.
The American Bank Note Company held contracts with numerous Canadian chartered banks through this period. That the plates were already prepared before the bank's failure explains how a 1929 date appears on notes from an institution that had already ceased normal business.