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| 背面描述 | The reverse is engraved in a single olive-green tone and centres on an oval guilloche medallion bearing the Canadian coat of arms with provincial shields, surmounted by the word CANADA. Flanking the central oval are two large counter numerals 10 set within elaborate lathe-work scrollwork and foliate borders that fill the entire field. The bank name BANQUE CANADIENNE NATIONALE is inscribed in a rectangular panel at the bottom centre, while the denomination TEN / DIX appears at the upper border. |
| 背面铭文 | CANADA BANQUE CANADIENNE NATIONALE TEN DIX 10 |
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The Banque Canadienne Nationale was itself only two years old when this note was issued, formed in 1924 from the merger of the Banque Nationale and the Banque d'Hochelaga — two Quebec-based institutions with deep roots in French-Canadian commercial life. The new bank inherited both circulation privileges and outstanding note liabilities from its predecessors, which created administrative complexity around which series to retire first.
Canadian chartered banks retained the right to issue their own notes until 1944, when the Bank of Canada Act amendments phased out private circulation entirely. The Canadian Bank Note Company in Ottawa handled production for much of the chartered banking sector simultaneously, meaning competing institutions' notes often rolled off the same presses.