Crowned royal arms top centre, lettering and signature below.
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PAYABLE ON DEMAND TREASURY NOTE
PER ACT 2 & 3 GEO. 6 CH.117
£1,000,000 HONI SOIT QUI MAL Y PENSE DIEU ET MON DROIT
London 30TH AUGUST, 1948.
THIS TREASURY NOTE entitles
the Bank of England to payment of
ONE MILLION POUNDS
on demand out of the Co0nsolidated Fund of the
United Kingdom
NOT NEGOTIABLE [signature] Secretary to the Treasury (Translation: Shame on he who thinks evil of it God and my right)