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5 Shillings
| Issuer | Commercial Bank of New Brunswick, Miramichi |
|---|---|
| Year | 1837 |
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| Composition | Log in to see details |
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| In circulation to | Log in to see details |
| Reference(s) | P#S1706 |
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|---|---|
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| Reverse description | Plain green guilloche underprint comprising an arrangement of overlapping lathe-work circles in a continuous pattern across the full field, with the text "COMMERCIAL BANK" set horizontally at centre within the design. No additional vignettes or inscriptions are present. |
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| Protection type | Guilloche underprint |
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| Comments |
The Commercial Bank of New Brunswick was chartered in 1834, one of several short-lived provincial institutions attempting to fill the credit vacuum left by the near-total absence of British North American branch banking east of Halifax. The Miramichi branch designation is significant — the region was then dominated by the timber trade, and demand notes like this one circulated primarily among mill operators, lumber agents, and the merchants who served them rather than through any formal clearing system.
Commissioning the New England Bank Note Company in Boston was the practical choice for Maritime banks in the 1830s; engraving capacity in the colonies was essentially nonexistent. The guilloche underprint, still a relatively recent anti-counterfeiting innovation at the time, reflects Boston's more advanced security printing capabilities.
The bank failed in 1839, just two years after this note's issue date.