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1 Pound Caledonian Banking Company Limited
| Issuer | Caledonian Banking Company Limited |
|---|---|
| Year | 1895 |
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| Composition | Paper |
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| Obverse description | Black intaglio on an orange guilloche underprint, with the central text panel flanked by two lateral vignettes — a Highland hunter with dogs beside a waterfall at left, and a seated female figure with a lamb and harvesting basket at right. The upper portion carries an engraved panoramic vignette of Inverness town and castle viewed from the River Ness across a stone bridge, with monogram medallions enclosing a stylised £1 at the upper corners and Gaelic legends running vertically along both side borders. The founding date 1838 appears in a cartouche at the foot of the note, and the printer's imprint of George Waterston & Sons, Edinburgh is placed at the lower right. |
|---|---|
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| Reverse description | Plain unprinted paper reverse, entirely devoid of any design elements, text, or decorative work. |
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| Comments |
The Caledonian Banking Company was a provincial Scottish bank headquartered in Inverness, and by 1895 it was already living on borrowed time. It had weathered the Caledonian Bank Act of 1838 and several decades of intense competition from Edinburgh and Glasgow institutions, but the absorption of smaller regional banks was accelerating sharply in the late nineteenth century. Caledonian was eventually acquired by the Bank of Scotland in 1907, making later-date notes from this period among the last issued under independent management.
George Waterston & Sons were a well-established Edinburgh printing and stationery firm, not a specialist security printer in the Bradbury Wilkinson mould. Their involvement here reflects the tighter budgets and local supplier preferences common among the smaller Scottish provincial issuers.