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5 Dollars Banque Canadienne Nationale

Issuer Banque Canadienne Nationale
Year 1925
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Printer Canadian Bank Note Company, Limited
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Obverse description Oval portrait vignette of J. A. Vaillancourt at left and B. Leman at right, both set within ornate guilloche frames, flank a central intaglio vignette of an allegorical monument with a seated crowned figure holding a sceptre, attended by three female allegorical figures. Large green Roman numeral V underprints appear symmetrically on either side of the central vignette, with bilingual date lines reading "Montreal, Feb. 1st 1925" and "Montreal, le 1er Fév. 1925" above. Signatures of the President and Gérant Général appear in manuscript along the lower portion, with the denomination "FIVE DOLLARS CINQ" in bold letterpress at the foot.
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Reverse lettering FIVE CINQ CANADA BANQUE CANADIENNE NATIONALE CANADIAN BANK NOTE COMPANY, LIMITED
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The Banque Canadienne Nationale was itself only two years old when this note was issued, having been formed in 1924 from the merger of the Banque d'Hochelaga and the Banque Nationale. The merged institution inherited charter obligations, shareholder pressures, and a customer base that was overwhelmingly French-Canadian — a demographic that Canadian banking's anglophone establishment had long underserved.

J. A. Vaillancourt served as the BCN's first general manager following the merger; his signature here places this note squarely in the bank's founding administrative cohort. The Canadian Bank Note Company printed the majority of chartered bank issues of this period from their Ottawa operation, and the BCN series followed that commercial norm without distinction.