1 Pound North of Scotland and Town and County Bank

The North of Scotland Bank was founded in Aberdeen in 1836 and remained a genuinely regional institution — its circulation concentrated in Aberdeenshire and the northern counties, where it competed directly with the Town and County Bank before absorbing it in 1908. That merger is precisely why this note carries the dual name: it was issued in the transitional period when the acquired bank's goodwill still mattered commercially, and the combined title was used to reassure depositors in former Town and County territory.

W. & A. K. Johnston had deep roots in Edinburgh cartographic and security printing; their involvement with Scottish provincial bank paper was long-standing. The North of Scotland Bank itself was eventually acquired by Clydesdale Bank in 1950.