10 Pounds

The Commercial Bank of Tasmania was absorbed into the Bank of Australasia in 1921, making its surviving notes genuinely scarce — this issue predates that merger by over a decade and belongs to the final phase of Australian private bank currency before the Commonwealth Bank progressively squeezed out the trading banks' right of issue. The ten pound denomination was rarely seen by ordinary workers; it circulated almost exclusively in commercial transactions between merchants and pastoral businesses.

Perkins Bacon's intaglio work on Australian private bank notes of this period is consistently fine, the firm having supplied engraved security printing to colonial issuers since the mid-nineteenth century.