100 Dollars

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.