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5 Dollars Canadian Bank of Commerce
| Issuer | The Canadian Bank of Commerce |
|---|---|
| Year | 1939 |
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| Composition | Log in to see details |
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| Shape | Rectangular |
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|---|---|
| Obverse lettering | THE CANADIAN BANK OF COMMERCE WILL PAY TO BEARER ON DEMAND FIVE DOLLARS IN TRINIDAD CURRENCY AT PORT OF SPAIN TRINIDAD PORT OF SPAIN TRINIDAD 1ST JULY 1939 PRESIDENT GENERAL MANAGER COPYRIGHT REGISTERED CANADIAN BANK NOTE COMPANY, LIMITED DESIGN REGISTERED 1934 |
| Reverse description | Log in to see details |
| Reverse lettering | FIVE CANADIAN BANK OF COMMERCE 1867 COPYRIGHT REGISTERED CANADIAN BANK NOTE COMPANY, LIMITED DESIGN REGISTERED 1934 |
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| Comments |
The Canadian Bank of Commerce was one of the last private chartered banks still issuing its own currency when the Bank of Canada Act of 1934 effectively ended the practice — chartered bank notes remained legal tender but new issues were wound down, and the federal government progressively absorbed the circulation. By 1944, chartered banks were prohibited from issuing notes below $5, and by 1950 the privilege was gone entirely. This 1939 note sits near the end of that long tradition, issued just as wartime finance was consolidating monetary control in Ottawa.
The Canadian Bank Note Company held the contract for this series throughout, printing from its Ottawa facilities.