1 Pound

The Commercial Bank of Tasmania was absorbed into the Bank of Australasia in 1921, making any surviving notes from its final decade of independent operation genuinely scarce. The bank had operated since 1823 — one of the oldest colonial banking institutions in Australia — but its note-issuing activity was already in steep decline by 1910 as Commonwealth banking regulation tightened following federation.

The undated designation reflects standard practice for Australian trading bank notes of this period, where precise issue dates were not printed on the face. Most examples that survived did so in archives rather than through circulation.