Barclays Bank (Canada) was a short-lived subsidiary of Barclays Bank PLC, established to serve British commercial interests in Canada. It never built a significant retail branch network and issued notes for only a brief window before Canadian banking consolidation made private chartered bank currency effectively obsolete — the Bank of Canada Act of 1934 transferred the monopoly on note issue to the new central bank, with chartered banks given a decade-long phase-out period.
This 1935 note is therefore among the last chartered bank issues in Canadian history, printed by the Canadian Bank Note Company in Ottawa during a transition that rendered the entire series largely redundant before it could circulate meaningfully. Surviving examples are scarce relative to other chartered bank issues precisely because so few entered active use.
Barclays Bank (Canada) was a short-lived subsidiary of Barclays Bank PLC, established to serve British commercial interests in Canada. It never built a significant retail branch network and issued notes for only a brief window before Canadian banking consolidation made private chartered bank currency effectively obsolete — the Bank of Canada Act of 1934 transferred the monopoly on note issue to the new central bank, with chartered banks given a decade-long phase-out period.
This 1935 note is therefore among the last chartered bank issues in Canadian history, printed by the Canadian Bank Note Company in Ottawa during a transition that rendered the entire series largely redundant before it could circulate meaningfully. Surviving examples are scarce relative to other chartered bank issues precisely because so few entered active use.