5 Dollars

The Bank of Nova Scotia's 1935 series was issued against the backdrop of the newly formed Bank of Canada, which began operations that same year and would eventually absorb chartered bank note-issuing privileges entirely. Canadian chartered banks were permitted to continue circulating their own notes under transition provisions, but the writing was on the wall — 1935 marks the opening of the end for private bank currency in Canada.

The Canadian Bank Note Company handled production for multiple chartered banks simultaneously during this period, meaning design conventions across competing institutions often shared compositional DNA from the same Ottawa workshops.