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1 Pound

Uitgever Union Bank of Scotland
Jaar 1863-1866
Type Log in om details te zien
Waarde Log in om details te zien
Valuta Pound sterling (1694-date)
Samenstelling Log in om details te zien
Afmetingen Log in om details te zien
Vorm Log in om details te zien
Drukker Log in om details te zien
Ontwerper(s) Log in om details te zien
Graveur(s) Log in om details te zien
In omloop tot Log in om details te zien
Referentie(s) Log in om details te zien
Beschrijving voorzijde Log in om details te zien
Opschrift voorzijde Incorporated by Act of Parliament.
THE UNION BANK OF SCOTLAND
Promise to pay to the Bearer on demand at their head offices in Glasgow or Edinburgh
ONE POUND
By order of the Directors.
ONE
Beschrijving keerzijde No reverse image available for description.
Opschrift keerzijde Log in om details te zien
Handtekening(en) Log in om details te zien
Beveiligingstype Log in om details te zien
Beschrijving beveiliging Log in om details te zien
Varianten Log in om details te zien
Opmerkingen

The Union Bank of Scotland — formed in 1830 through the merger of the Glasgow Union Banking Company and several smaller west-coast institutions — was, by the 1860s, one of the major commercial banks still exercising Scotland's unique right of private note issue. That right, grandfathered under the Bank Notes (Scotland) Act of 1845, froze each bank's authorized circulation at its 1844 average and required gold or Bank of England notes to back any excess. In practice, the Union Bank consistently issued at or near its statutory ceiling.

This series predates the bank's 1882 absorption into the Bank of Scotland by roughly two decades. Notes from the 1863–1866 window are scarce — the Union Bank recalled and destroyed outdated notes with reasonable efficiency.

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