Catalog
5 Dollars Banque Canadienne Nationale
| Issuer | Banque Canadienne Nationale |
|---|---|
| Year | 1935 |
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| Currency | Dollar (1858-date) |
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|---|---|
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| Reverse description | The reverse is engraved in dark green, centred on an oval cartouche enclosing the armorial shields of nine Canadian provinces — Nova Scotia, New Brunswick, Ontario, Manitoba, Prince Edward Island, Quebec, British Columbia, Alberta, and Saskatchewan — arranged around a central beaver vignette beneath the inscription CANADA. Two large guilloche rosettes bearing the numeral 5 flank the central cartouche, with additional numeral 5 counters at each corner, and the bank name BANQUE CANADIENNE NATIONALE inscribed in bold lettering at the foot above the printer's imprint. |
| Reverse lettering | FIVE CINQ CANADA BANQUE CANADIENNE NATIONALE NOVA SCOTIA NEW BRUNSWICK ONTARIO MANITOBA PRINCE EDWARD BRITISH COLUMBIA ALBERTA SASKATCHEWAN CANADIAN BANK NOTE COMPANY, LIMITED |
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| Comments |
The Banque Canadienne Nationale was formed in 1924 through the merger of the Banque Nationale and the Banque d'Hochelaga — both Quebec-based institutions with deep roots in French-Canadian commercial banking. This 1935 series came during a particularly difficult period for Canadian chartered banks: the Great Depression had already claimed several smaller institutions, and public confidence in private bank-issued currency was eroding. Federal legislation passed in 1934 establishing the Bank of Canada signaled the beginning of the end for chartered bank note issuance entirely.
Redemption of privately issued notes was phased out over subsequent decades, making circulated survivors of this series genuinely uncommon.