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5 Dollars = 25 Shillings
| Issuer | Bank of Montreal |
|---|---|
| Year | 1852-1858 |
| Type | Standard circulation banknote |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | INCORPORATED BY ACT OF PARLIAMENT The Bank of Montreal Will pay the Bearer on demand at its Office in this City TWENTY FIVE SHILLINGS C. FIVE DOLLARS For the Bank of Montreal $750,000 CAPITAL $3,000,000 |
| Reverse description | The reverse is entirely unprinted, presenting a plain cream-coloured cotton paper surface with no vignettes, text, or decorative elements, bearing only manuscript endorsement signatures applied in ink. |
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| Comments |
The Bank of Montreal was Canada's oldest chartered bank and, by the 1850s, its de facto central institution — handling government accounts for the Province of Canada before Confederation. This denomination, expressed as both dollars and shillings, reflects the transitional currency environment of the period, when the old Halifax currency system and the newer decimal dollar coexisted in commercial life. The dual expression was not decorative; it was a practical necessity for merchants settling accounts across the dollar-shilling divide.
The equivalence of 5 dollars to 25 shillings places this firmly in the Halifax currency standard, where 4 shillings equaled one dollar.