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1 Pound National Bank of Scotland

Issuer The National Bank of Scotland Limited
Year 1934-1959
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Value 1 Pound
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Obverse description Orange and dark brown note with an elaborate guilloche underprint bearing the word POUND repeated throughout. The bank's heraldic arms vignette occupies the centre, flanked by an intaglio vignette of Glasgow Cathedral to the left and a castle vignette to the right, all set within ornate scrollwork borders. Sterling denomination tablet reads ONE POUND below the central arms, with £1 cornerpieces at all four corners and the date and serial number printed in black.
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Reverse description The reverse is dominated by a large central oval vignette rendered in fine intaglio, presenting a panoramic view of Edinburgh with the Scott Monument and Princes Street in the foreground and Edinburgh Castle on the hill beyond. The oval is framed by an elaborate dark brown scalloped border with scrollwork ornamentation, flanked on either side by large decorative £1 cyphers. A radiating orange guilloche underprint fills the background, with the word EDINBURGH inscribed at the foot.
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The National Bank of Scotland was one of the last Scottish banks still issuing notes under its own name before the mergers of the 1950s and 1960s reshaped the sector. It absorbed the Town and County Bank in 1907 and would itself merge with the Commercial Bank of Scotland in 1959 to form the National Commercial Bank — which makes 1959 the hard cutoff for this series. Notes dated toward the end of that window are consequently the more desirable survivors.

W. & A. K. Johnston had deep roots in Edinburgh cartography before moving into security printing, an unusual trajectory for a banknote printer.

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