10 Dollars

The Metropolitan Bank was chartered in 1902 under the Canadian Bank Act, making this a first-year issue for an institution that had barely opened its doors. It merged into the Bank of Nova Scotia in 1914, giving the bank a lifespan of just twelve years — short even by the standards of Canada's consolidating chartered banking sector of that period.

American Bank Note Company's Ottawa plant handled the bulk of Canadian chartered bank printing in this era, and the quality of intaglio work from that facility was consistently high. Notes from short-lived institutions like Metropolitan tend to survive in smaller quantities simply because fewer were printed over the bank's operating life.