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100 Dollars

Issuer Bank of Canada
Year 1935
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Printer Canadian Bank Note Company, Limited
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Protection type Watermark
Protection description the latent portrait of King George V embedded in the paper.
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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.

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