1 Dollar = 5 Shillings

The Commercial Bank of the Midland District was chartered in 1835 to serve the rapidly colonizing interior of Upper Canada, with its principal office at Perth, Ontario. Notes denominated in both dollars and shillings reflect the monetary confusion of pre-Confederation British North America, where American dollars, British sterling, and local commodity valuations all circulated simultaneously — the dual denomination was a practical necessity, not an affectation.

Rawdon, Wright, Hatch & Edson in New York was the premier security printer for Canadian provincial banks throughout this period, handling paper for dozens of issuers who lacked access to comparable engraving facilities north of the border. The bank itself survived only until 1865, when it was absorbed into the Bank of Montreal.