Catalog
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| Issuer | Bank of Canada |
|---|---|
| Year | 1935 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Log in to see details |
| Composition | Log in to see details |
| Size | Log in to see details |
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| Printer | Canadian Bank Note Company, Limited |
| Designer(s) | Log in to see details |
| Engraver(s) | Log in to see details |
| In circulation to | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | Log in to see details |
| Reverse lettering | Log in to see details |
| Signature(s) | Log in to see details |
| Protection type | Watermark |
| Protection description | the latent portrait of King George V embedded in the paper. |
| Variants | Log in to see details |
| Comments |
The 1935 Bank of Canada series was the country's first issue as a central bank, established just that year after the Bank of Canada Act passed in 1934. Political pressure during the Depression had made a central bank unavoidable — years of competing chartered bank issues, varying quality, and public distrust of private money had worn out the argument against one.
P#53 is the English-language version; a French parallel exists as P#54, the two issues distinguished by their language of text rather than any change in plate design. Osborne served as the Bank's first Deputy Governor, Towers as its first Governor — both signatures appearing on this note carry that inaugural weight.
Known to attract fakes; authentication against the watermark is essential on any high-denomination 1935 example.