20 Dollars

The Banque Provinciale du Canada had a complicated early history — formed in 1900 from the wreckage of the Banque du Peuple after its 1895 collapse, it spent decades rebuilding credibility in Quebec's francophone commercial community. By 1928, it was stable enough to commission this higher-denomination note, though the $20 face value placed it firmly in business and wholesale trade rather than retail hands.

Canadian Bank Note Company printed the series in Ottawa, as they did for the majority of Canadian chartered bank issues of the period. Chartered bank currency in Canada was still privately issued in 1928 — the Bank of Canada wouldn't open until 1935, making this note part of the last generation of commercial bank paper money the country would see.