10 Pounds

The Commercial Banking Company of Sydney was one of the older colonial banks still operating into the federation era, having been founded in 1834. By 1910, Australian banking was under increasing pressure to consolidate, and many private trading banks had already surrendered their note-issuing functions following the Banking Act of 1910, which transferred the right of issue to the Commonwealth. This note was likely produced right at that threshold — possibly as stock that was never formally put into wide circulation before private issuance became effectively obsolete.

Bradbury, Wilkinson was the dominant British security printer for Australasian private bank issues of this period. Their intaglio work on colonial notes is generally well-regarded among specialists.