Union Bank of Newfoundland note, post-1894
Union Bank of Newfoundland note, post-1894

The Union Bank of Newfoundland had about $722,000 worth of notes in circulation at the time of the crash. These became temporarily worthless until the government guaranteed 80 per cent of their value in late December 1894. The note pictured here bears a government stamp reducing its value from $10 to $8.

Image courtesy of National Currency Collection, Currency Museum – Bank of Canada. Photo by Gord Carter, Ottawa. (1972.0040.00054.000)
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