10 Dollars The Dominion Bank

The Dominion Bank was a Toronto-chartered institution founded in 1871, absorbed by the Toronto-Dominion Bank upon its 1955 merger with the Bank of Toronto — one of the consolidations that gradually contracted Canada's privately issuing chartered banks from dozens to a handful. This 1938 note belongs to what was effectively the bank's final series; the Bank of Canada Act of 1934 had already set chartered bank note issue on a course toward extinction, with federal notes progressively replacing private circulation.

Carlisle served as General Manager and Rae as Cashier — the pairing standard for Dominion Bank notes of this period. Canadian Bank Note Company produced the series from its Ottawa plant.