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5 Dollars Provincial Bank of Canada
| Issuer | Banque Provinciale du Canada / Provincial Bank of Canada |
|---|---|
| Year | 1936 |
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| Currency | Dollar (1858-date) |
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|---|---|
| Obverse lettering | MONTREAL, CINQ FIVE LE 1ᴱᴿ SEPT. 1936. 1ˢᵀ SEPT. 1936. La The Banque Provinciale Provincial Bank du Canada of Canada PAIERA WILL PAY CINQ DOLLARS FIVE DOLLARS À DEMANDE AU PORTEUR ON DEMAND TO BEARER CANADIAN BANK NOTE COMPANY LIMITED. |
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| Reverse lettering | V THE PROVINCIAL BANK OF CANADA V CI5NQ FI5VE V LA BANQUE PROVINCIALE DU CANADA V |
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| Comments |
The Provincial Bank of Canada — Banque Provinciale du Canada — was a French-Canadian institution that traced its origins to the Banque d'Hochelaga merger of 1924. By 1936, Canadian chartered banks were still legally permitted to issue their own currency under the Bank Act, though the Bank of Canada had been established the previous year and was steadily absorbing that function. This note dates from the final years of meaningful private bank issue in Canada.
The Canadian Bank Note Company in Ottawa printed for virtually every major chartered bank of the period, making printer attribution here unremarkable. What distinguishes this issue is simply its timing — 1936 notes from smaller chartered banks were produced in limited quantities as the writing was clearly on the wall for private circulation currency.