2 Dollars = 10 Shillings

The Commercial Bank of the Midland District was chartered in 1832 and operated out of Perth, Upper Canada — one of several short-lived regional institutions that filled the vacuum left by the absence of a proper colonial banking infrastructure in the province. The dual denomination, dollars and shillings, reflects the monetary confusion of the period: British sterling and Spanish-derived dollar accounting coexisted in daily commerce, and banks were obliged to accommodate both.

Rawdon, Clark & Co. of New York handled the printing — a common arrangement for Upper Canadian banks that lacked access to domestic security printers of comparable quality. The firm later evolved through a series of mergers into the American Bank Note Company.