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1 Pound British Linen Company
| Issuer | British Linen Company |
|---|---|
| Year | 1888-1906 |
| Type | Standard circulation banknote |
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|---|---|
| Obverse lettering | Incorporated by Royal Charter 1746 The British Linen Company Promise to Pay on Demand to the Bearer One Pound Sterling By order of the Court of Directors Edinburgh |
| Reverse description | Unprinted plain paper reverse, showing only the blind embossed impression of the obverse design bleeding through, with faint traces of the serial number visible from the recto. |
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| Comments |
The British Linen Company began as a trading company chartered in 1746 to promote the Scottish linen industry, and only gradually converted into a conventional bank — one of the more unusual institutional origins in Scottish banking history. By the time this note was issued, the commercial linen business had long been abandoned, but the name persisted until the Bank of Scotland absorbed the operation in 1969.
Waterlow & Sons held the printing contract for much of the British Linen Bank's late Victorian and Edwardian output. Scottish chartered banks retained the right to issue their own notes under arrangements preserved after the Bank Charter Act of 1844, which explicitly exempted existing Scottish issuers from the monopoly granted to the Bank of England.