(Apr 1, 2012)
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The banknotes retain the "classical elements of the design" of the 1935 Series, and the reverse of most banknote denominations retain the allegorical themes and figures of the 1935 Series
The allegorical figures have the same frame in each denomination, unlike the 1935 Series, and are flanked by a large framed numeral representing the denomination's value
In 1938, the designs were modified to mitigate printing problems of the original design, increasing the width of the signature panel by 2.4 mm
Each denomination had a distinct colour, and this set of denomination colours would be used for all subsequent banknote series
The series only contained three portraits, which were centrally positioned on the obverse of the banknote on which they were included to accommodate the introduction of bilingual text
This denomination would be shunned by many in Western Canada until the 1990s, when $2 banknotes of the Birds of Canada series became increasingly accepted
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