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| 表面の銘文 | DOMINION OF CANADA THE ROYAL BANK OF CANADA WILL TO BEARER PAY ON DEMAND FIVE DOLLARS FIVE MONTREAL, JULY 2nd 1933 GENERAL MANAGER PRESIDENT CANADIAN BANK NOTE COMPANY LIMITED |
| 裏面の説明 | The reverse is engraved in a single green colour scheme, centred on a large heraldic vignette of the Royal Arms supported by a lion and a unicorn, with the motto 'DIEU ET MON DROIT' on a ribbon below. Two large guilloche rosettes flank the central arms, each bearing the word 'FIVE' split across the medallion. 'THE ROYAL BANK OF CANADA' is inscribed at the top, with 'FIVE FIVES' and the numeral '5' along the bottom border, and the printer's imprint 'CANADIAN BANK NOTE COMPANY LIMITED' in small lettering at the foot. |
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The Royal Bank's 1933 issues came during one of the most contractionary moments in Canadian banking history — chartered banks were actively reducing note circulation as deflationary pressure mounted and public confidence in paper money wavered. The Canadian Bank Note Company had been the dominant printer for chartered bank issues since the early twentieth century, and by this period the relationship was essentially exclusive for most of the major banks.
Watermarking on chartered bank notes of this era was a quiet but deliberate anti-counterfeiting measure; the Depression had brought a noticeable uptick in fraudulent currency across North America. Surviving examples from the 1933 series tend to show heavy circulation wear — these notes were used hard in a cash-dependent economy where banking alternatives were not available to most Canadians.