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1 Pound National Bank of Scotland

Issuer National Bank of Scotland
Year 1927-1933
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Value 1 Pound
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Obverse lettering The National Bank of Scotland Limited Incorporated by Royal Charter and Act of Parliament Promise to pay the bearer on demand One Pound sterling at the Office here Edinburgh By order of the Board of Directors
Reverse description Central oval vignette presenting a panoramic view of Edinburgh, with the Scott Monument and Princes Street in the foreground and Edinburgh Castle on its rock in the background, executed in fine intaglio engraving. The oval is framed by elaborate lace-work guilloche panels, each incorporating a large interlaced '£1' cipher, with the city arms shield at the top centre. The overall colour scheme is a warm brown with pale pink guilloche tinting.
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The National Bank of Scotland was absorbed into the Royal Bank of Scotland group in 1969, but in the late 1920s it remained an independent Edinburgh-based institution with full note-issuing authority under Scots banking law. Waterlow & Sons handled the printing from their London works — a common arrangement for Scottish banks, whose own offices had no press facilities.

The P#256 series spans six years, which suggests periodic reissue rather than a single print run, though surviving examples rarely carry dates precise enough to distinguish early from late printings within the series.

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