general level of production, trade, prices and employment, so far as may be possible within the scope of monetary action, and generally to promote the economic and financial welfare of the Dominion; One former Deputy Governor of the Bank of Canada has stated that the Bank implements this mandate in three ways: "first, by keeping inflation low, stable, and predictable; second, by supporting a safe and efficient financial system; and third, by issuing money that is safe from counterfeiting and readily accepted". First issue of Bank of Canada notes On March 11, 1935, the first day of its operation, the Bank issued its first series of notes. There were ten notes in the 1935 series, primarily featuring members of the Royal Family: a one-dollar note, featuring King George V; a two-dollar note, featuring Queen Mary; a five-dollar note, featuring Edward, Prince of Wales (later King Edward VIII); a ten-dollar note, featuring Mary, Princess Royal; a twenty-dollar note, featuring Princess Elizabeth (later Queen Elizabeth II); a twenty-five-dollar note, featuring King George and Queen Mary; a fifty-dollar note, featuring Prince Albert, Duke of York (later King George VI); a one hundred-dollar note, featuring Prince Henry, Duke of Gloucester; a five hundred-dollar note, featuring Prime Minister John A. Macdonald; a thousand-dollar note, featuring Prime Minister Wilfrid Laurier. The previous Dominion notes, issued by the Minister of Finance, were rapidly withdrawn from circulation. The 1935 series was the only Bank of Canada series to include a twenty-five-dollar note and a five hundred-dollar note. The twenty-five-dollar note was a special commemorative note, for the twenty-fifth anniversary of George V's accession to the throne. The five hundred-dollar note was a carry-over from the former government notes, which had included a five hundred-dollar note since 1871, to facilitate transfers of large sums between the banks. No subsequent series has had a note of the same denomination. The 1935 series was also the only Bank of Canada series issued separately in English and in French. All series since then have been bilingual. To deter counterfeiting, the Bank regularly issues new series, replacing the old ones. There have been seven more series since the initial 1935 series: (1937, 1954, 1970, 1986, 2001, 2011), and the eighth series released in 2018. Gradual elimination of chartered bank notes As the Bank of Canada became established, the federal government gradually reduced the power of the chartered banks to issue their own bank