Catalog
5 Dollars
| Issuer | Bank of Canada |
|---|---|
| Year | 1935 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Log in to see details |
| Composition | Log in to see details |
| Size | Log in to see details |
| Shape | Log in to see details |
| Printer | British American Bank Note Company |
| Designer(s) | Log in to see details |
| Engraver(s) | Log in to see details |
| In circulation to | Log in to see details |
| Reference(s) | Log in to see details |
| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | Log in to see details |
| Reverse lettering | Log in to see details |
| Signature(s) | J.A. Osborne and G.F. Towers |
| Protection type | Log in to see details |
| Protection description | Log in to see details |
| Variants | P#42 - English text. Series A. Signature Osborne-Towers |
| Comments |
The 1935 Bank of Canada series was the first issue produced after the Bank's establishment that same year — Canada had operated without a central bank until then, relying on chartered commercial banks to issue their own notes. The transition was abrupt by international standards, and the new notes had to simultaneously establish institutional credibility and replace a deeply entrenched private system.
Two versions of each denomination were printed for this series: one in English and one in French. P#42 is the English-language note; the French counterpart, P#43, is the scarcer of the pair. Osborne served as the Bank's first Deputy Governor; Towers was its founding Governor, a position he held until 1954.