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10 Dollars

Issuer Bank of Montreal
Year 1935
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Composition Cotton paper
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Reverse description Printed entirely in green, the reverse is dominated by a detailed architectural vignette of the Bank of Montreal's Toronto Branch building, rendered in fine intaglio line engraving and set within an elaborate scrollwork frame. The denomination numeral 10 appears in large guilloche roundels at left and right, with BANK OF MONTREAL arching across the top in bold capitals. Below the architectural vignette, the inscription TORONTO BRANCH and TEN DOLLARS are lettered in a plain serif face, with the printer's imprint CANADIAN BANK NOTE COMPANY, LIMITED running along the lower margin.
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Variants P#S559a - Signature W. A. Bog and C. B. Gordon
P#S559b - Signature J. Dodds and C. B. Gordon
Comments

The Bank of Montreal was one of Canada's chartered banks still issuing its own notes under the Bank Act when this was printed — a privilege that would effectively end with the 1944 amendments that transferred the monopoly on note issue to the Bank of Canada. By 1935 that transition was clearly coming; the central bank had been established that same year. This note was printed into a system already counting down its own obsolescence.

Jackson Dodds served as General Manager of the Bank of Montreal from 1934 to 1942; C.B. Gordon was President. Both signatures appear here in their printed rather than facsimile-engraved form — a distinction worth noting when authenticating the series.

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