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5 Dollars The Dominion Bank
| Issuer | The Dominion Bank |
|---|---|
| Year | 1931 |
| Type | Local banknote |
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| Obverse description | The note presents intaglio-engraved oval portrait vignettes of two bank directors: Dudley Dawson at left and Clifton H. Carlisle at right, each set within ornate guilloche frames. At centre, a large numeral '5' is rendered in intaglio over a fine guilloche underprint in pink and green, flanked by the date 'TORONTO, 1ST FEB'Y, 1931' and the promise text 'WILL PAY TO THE BEARER ON DEMAND'. Two facsimile signatures of the Treasurer and General Manager appear below the central vignette, with repeated numeral '5' borders running along the top and bottom margins. |
|---|---|
| Obverse lettering | V THE DOMINION BANK 5 WILL PAY TO THE BEARER ON DEMAND TORONTO, 1ST FEB`Y, 1931. FIVE FIVE DOLLARS TREASURER. GENERAL MANAGER. CANADIAN BANK NOTE COMPANY LIMITED 5 V |
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| Comments |
The Dominion Bank was a Toronto-chartered institution that survived the Great Depression intact, eventually merging with the Bank of Toronto in 1955 to form Toronto-Dominion. This 1931 note was issued deep into the Depression, when Canadian chartered banks still retained the right to issue their own currency — a privilege that would be curtailed by the Bank of Canada Act of 1934, which established the central bank and began the gradual withdrawal of private bank note circulation.
The Canadian Bank Note Company in Ottawa handled the bulk of chartered bank printing work by this period, having displaced the American Bank Note Company from much of that business decades earlier.