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5 Shillings Sterling
| Issuer | Hudson's Bay Company, York Factory |
|---|---|
| Year | 1820-1828 |
| Type | Log in to see details |
| Value | 5 Shillings Sterling |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Five Shillings Sterl. HUDSONS BAY COMPANY Promise to pay the Bearer on Demand the Sum of Five Shillings Sterl. at York Factory in Ruperts Land, on a Bill of Exchange payable Sixty days after Sight at the HUDSONS BAY HOUSE, London. For the Governor & Company of Adventurers of England Trading into Hudsons Bay. Issued at YORK FACTORY Secretary Governor Accountant |
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| Variants | P#S1096a - 4.5.1820-1.9.1828 P#S1096r - Remainder with counterfoil. 11.5.1820-1.6.1821 |
| Comments |
Hudson's Bay Company operated its own internal currency system across its trading posts long before any colonial banking infrastructure existed in Rupert's Land. These notes circulated exclusively within HBC posts as wage instruments — issued to employees whose earnings were credited against goods purchased from the Company store, a closed economy that suited the Company's interests considerably more than those of its workers.
York Factory, on the southwestern shore of Hudson Bay, was the Company's primary depot and administrative hub in the region. Notes attributed to that post are among the earliest surviving paper instruments from what would become Canada's Northwest. The series runs across nearly a decade, suggesting reissue rather than a single print run.