5 Dollars = 25 Shillings

The Farmer's Joint Stock Banking Co. was one of dozens of short-lived Upper Canadian private banks that issued notes during the 1830s boom in chartered and unchartered banking. Many folded before their notes could be redeemed. Whether this institution honored its obligations in full is not clearly documented — the survival of any example at this early date is itself significant.

The dual denomination — dollars and shillings — reflects the monetary chaos of pre-Confederation Canada, where American dollars, British shillings, and local bank paper all circulated simultaneously, often at contested rates. The New England Bank Note Company handled a substantial volume of colonial Canadian printing during this period, supplying institutions that lacked access to domestic engravers of comparable quality.