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1 Pound

Uitgever Union Bank of Scotland Ltd.
Jaar 1921
Type Log in om details te zien
Waarde 1 Pound
Valuta Log in om details te zien
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Beschrijving keerzijde Printed entirely in blue, the reverse is covered by an elaborate engine-turned guilloche pattern of interlocking foliate and oval medallion motifs filling the entire field. At the centre, a circular medallion carries the legend "THE UNION BANK OF SCOTLAND LIMITED" surrounding a radiating sunburst underprint with the bank's monogram at its heart.
Opschrift keerzijde THE UNION BANK OF SCOTLAND LIMITED
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Opmerkingen

The Union Bank of Scotland was one of the older Scottish joint-stock banks, established in Glasgow in 1830, and by 1921 it was already operating under the shadow of consolidation — it would be absorbed by the Bank of Scotland in 1955 after a long period of quiet decline in its independent standing. Waterlow & Sons in London handled the printing, as they did for a considerable number of British colonial and domestic issues during this period.

Scottish commercial bank notes occupied a legally peculiar position: private banks retained the right to issue their own currency under Scottish banking law, a privilege that survived repeated Westminster attempts to curtail it. The 1921 date places this note in a period of acute post-war deflation, when the return to gold standard orthodoxy was actively squeezing credit across Britain.

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