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5 Dollars Royal Bank of Canada
| Issuer | Royal Bank of Canada |
|---|---|
| Year | 1920 |
| Type | Log in to see details |
| Value | 5 Dollars |
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| Composition | Log in to see details |
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| Engraver(s) | Log in to see details |
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|---|---|
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| Reverse description | Printed in solid green, the reverse centres on a finely engraved Royal Arms vignette with lion and unicorn supporters, surmounted by a crown and the motto ribbon DIEU ET MON DROIT. The denomination FIVE ST. KITTS DOLLARS THE EQUIVALENT OF £1-0-10 is stated on either side of the arms, and the bank title THE ROYAL BANK OF CANADA appears in a decorative cartouche at the foot, all within a multi-rule border with ornamental corner pieces. |
| Reverse lettering | FIVE ST. KITTS DOLLARS THE EQUIVALENT OF £1-0-10 / DIEU ET MON DROIT / THE ROYAL BANK OF CANADA / AMERICAN BANK NOTE COMPANY, OTTAWA |
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| Comments |
The Royal Bank of Canada was still a relatively young national institution in 1920, having only formally adopted that name in 1901 after decades operating as the Merchants Bank of Halifax. Chartered banks in Canada retained the right to issue their own currency until the Bank of Canada Act of 1934 rendered private note issue obsolete, making this note part of the last generation of commercially issued Canadian paper money.
The American Bank Note Company's Ottawa facility — distinct from the parent operation in New York — handled a significant portion of Canadian chartered bank printing in this period. The Ottawa plant was not simply a satellite; it operated with its own engraving capacity and held contracts with multiple Canadian institutions simultaneously.