10 Dollars

The Canadian Bank of Commerce was one of several chartered banks still issuing their own Dominion-authorized private banknotes in 1935 — a practice that would effectively end with the Bank of Canada Act of 1934, which established the central bank and began the long process of retiring private note issue. This series sits at the tail end of that era, printed just as the Bank of Canada was commencing operations and beginning to crowd out the chartered banks' circulation privileges.

The Canadian Bank Note Company had been the dominant domestic security printer since the late nineteenth century, and by this point the production quality was well established. Chartered bank note redemption pressures through the late 1930s mean genuinely circulated survivors in any grade are less common than the print runs might suggest.