1935 Bank of Canada $1 HM King George V English Series B Bill Note (F)

1935 Bank of Canada $1 HM King George V English Series B Bill Note

1935 - The First Banknote Series

The Bank of Canada was founded in 1934 and given responsibility, through an Act of Parliament, to regulate the country's money supply and to "promote the economic and financial welfare of Canada." Accordingly, it was also given the exclusive right to issue bank notes. On 11 March 1935, the Bank of Canada issued its first series.

The notes were unilingual, and matching versions of all denominations were available in either French or English. Also unique to the series were a $25 and a $500 note. The series featured portraits of various royals and former Canadian prime ministers. On the backs of the notes were allegorical figures symbolizing Canada's growing agricultural, industrial, and commercial prosperity.

Design

The front of the $1 note features a portrait of King George V, who reigned from 1910 to 1936. The words “Ottawa, Issue of 1935” appear on all the notes. The signatures on this and all other notes in this series are those of Graham Towers, the Bank of Canada’s first Governor, and J.A.C. Osborne, Deputy Governor.

Detail of the back of the 1935 Bank of Canada $1 note. The allegorical image represents agriculture. The allegorical figure representing agriculture was based on a painting by Alonzo Foringer and was engraved by American Bank Note Company’s Will Jung.

Printed by Canadian Bank Note Company Ltd. 

Packaging

1935 Bank of Canada $1 HM King George V English Series B Bill Note comes in a protective clear holder in titled condition.

Specifications

Face Value: 1 dollar
Quantity Printed: 20,312,000
Serial Prefix: B
Cat. No.: BC-1
Variety: English
Printer: Canadian Bank Note Company (CBN)
Signatures: Osborne/Towers