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<p>[QUOTE=&quot;scottishmoney, post: 1919124, member: 12789&quot;]A fairly modern era note, but with an ancient design that went deep into the 1860s and served Bank of Toronto well until the 1937 issue:</p><p><br /></p><p><img src="http://www.scottishmoney.net/banknotes/canada/images/canadabankoftoronto51929.jpg" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /> </p><p><img src="http://www.scottishmoney.net/banknotes/canada/images/canadabankoftoronto51929dtl1.jpg" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /> </p><p>Notice Queen Victoria and Prince Albert in the centre vignette on the reverse.&nbsp; In Great Britain itself placing the monarch on banknotes was frowned upon by the government - Queen Victoria&#039;s image was on the City of Glasgow Bank&#039;s notes when the bank suffered a catastrophic failure in 1878.&nbsp; After that time the only exception was George II on Royal Bank of Scotland notes.&nbsp; Bank of England notes did not portray the monarch until Queen Elizabeth appeared on the lion and key 5 Pound note in 1957.</p><p><br /></p><p><img src="http://www.scottishmoney.net/banknotes/canada/images/canadabankoftoronto51929dtl2.jpg" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /> </p><p><br /></p><p>Another notable exception allowed on Canadian charter notes was the British coat of Arms:</p><p><br /></p><p><img src="http://www.scottishmoney.net/banknotes/canada/images/canadabankoftoronto51929dtl3.jpg" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /> </p><p><br /></p><p>These appeared on Royal Bank, and Bank of Scotland notes until 1931 when Lord Lyon advised the banks that they had to remove the British arms as it engendered government sponsorship of the privately held commercial banks.&nbsp; If Bank of Toronto got the memorandum, they ignored it.[/QUOTE]</p><p><br /></p>

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