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5 Dollars Bank of Montreal
| Issuer | Bank of Montreal |
|---|---|
| Year | 1935 |
| Type | Local banknote |
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| Composition | Log in to see details |
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| Obverse description | Black intaglio print with green tint underprint. A right-facing portrait vignette of W. A. Bog appears at lower left, while a left-facing portrait of C. B. Gordon occupies lower right. The bank crest is positioned at upper center, with the numeral '5' in both upper corners. |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | Log in to see details |
| Reverse lettering | BANK OF MONTREAL 5 - 5 5 FIVE DOLLARS 5 CANADIAN BANK NOTE COMPANY, LIMITED. |
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| Comments |
The Bank of Montreal's 1935 series came at an uncomfortable moment for Canadian chartered bank currency — the Bank of Canada had been established that same year, and it was already clear that the private banks' note-issuing privileges were on borrowed time. The chartered banks lost the right to issue notes below $5 in 1935, and larger denominations were progressively squeezed out through the following decade, with the Bank of Montreal ceasing circulation of its own notes entirely by 1944.
Canadian Bank Note Company had held the Bank of Montreal's printing contract for decades by this point, and the Ottawa production run was tightly controlled. Notes from this final active series tend to show heavy circulation wear — they were used hard precisely because the window for redemption was closing and few thought to preserve them.