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Black intaglio print on white paper with a central allegorical vignette of three classical figures — two draped female figures flanking a standing male figure — set against a finely engraved geometric background. The issuer's name THE CANADIAN BANK OF COMMERCE arches across the top in bold letterpress, with the denomination numeral 5 in ornate cartouches at each corner. The date TORONTO, 2ND JUNE, 1935 and the promise text WILL PAY 50 BEARER ON DEMAND / FIVE DOLLARS appear to the left of the central vignette, accompanied by two manuscript signatures and a red guilloche bank seal to the right. |
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Entirely engraved in green ink, the reverse presents the bank's circular heraldic seal at centre — bearing a sailing ship and the inscription CANADIAN BANK OF COMMERCE 1867 — flanked by two large allegorical figures in classical dress: a male figure at left holding a torch and a female figure at right carrying a cornucopia, both rendered in fine intaglio line work. The denomination numeral 5 appears in large format at both left and right, with the word FIVE inscribed on a panel at the base of the central seal cartouche. |
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The Canadian Bank of Commerce was one of several large chartered banks still issuing their own Dominion-authorized notes in 1935 — a practice that would effectively end with the Bank of Canada Act of that same year. The new central bank began operations in March 1935, and while chartered banks were not immediately stripped of their note-issuing rights, the writing was clearly on the wall. Issues dated 1935 are therefore among the last of an unbroken private note-issuing tradition stretching back to the bank's founding in 1867.
The Canadian Bank Note Company in Ottawa produced the series. Chartered bank notes from this transitional period are sometimes found with light handling — they circulated briefly before the Bank of Canada's own notes displaced them in commerce.