5 Dollars

The Banque Provinciale du Canada — successor to the Banque d'Hochelaga's reorganization — occupied a distinctly Quebec-focused commercial niche, and its chartered bank notes circulated well into the Dominion era alongside Dominion of Canada government currency. The dual printer attribution on this series reflects a genuine ambiguity in the surviving record: both the American Bank Note Company and Canadian Bank Note Company produced notes for various chartered banks in this period, and without examining the marginal imprint on a specific example, attribution between the two cannot be assumed.

Chartered bank issue privileges in Canada were progressively curtailed after the Bank Act revisions of 1923 and effectively terminated by 1944. Notes from the later end of this issuance window, closer to 1928, were circulating during the period when chartered bank currency was already in managed decline.