1820s Hudson’s Bay Company first promissory notes
A One Pound Sterling and a Five Shilling promissory note from the Hudson’s Bay Company York Factory at the Red River Settlement. “Currency was needed by the new settlers in the Red River Settlement, and the Hudson’s Bay Company’s first promissory notes—2000 for one pound each and 4000 for five shillings each—were sent to York Factory in May 1820. The promissory notes were issued in books containing 100 notes each. They were not put into circulation immediately as Governor Simpson feared the settlers might hoard them, but after 1824 they gradually came into circulation and other denominations added. The notes…
