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1 Pound

Issuer Clydesdale Bank Ltd.
Year 1967-1969
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Printer Clydesdale Bank Ltd.
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Reverse lettering Clydesdale Bank Limited
1
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Protection description the bank's cipher or geometric pattern visible when held to light.
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Comments

Clydesdale Bank has always printed its own notes — one of the very few British commercial banks that operated its own printing works rather than contracting to Bradbury Wilkinson, De La Rue, or similar specialist firms. This series was produced entirely in-house at the bank's Glasgow facility, which accounts for certain minor registration inconsistencies occasionally observed across the run.

Scotland's retained right to issue private banknotes has never been automatic — it was negotiated and re-negotiated through successive Banking Acts, and by the late 1960s the issuing banks were required to back all circulation above a fixed fiduciary limit pound-for-pound with Bank of England notes held in reserve.

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