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1 Pound North of Scotland Bank
| Issuer | North of Scotland Bank Limited |
|---|---|
| Year | 1938-1949 |
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| Composition | Paper |
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|---|---|
| Obverse lettering | North of Scotland Bank Limited Promise to Pay the Bearer on Demand One Pound Sterling at their Office here Aberdeen By order of the Directors |
| Reverse description | The reverse is dominated by a large circular guilloche medallion at centre, within which the bank's full heraldic coat of arms is engraved in fine intaglio, supported by two stags and bearing the motto «FIDE ET INDUSTRIA». The bank title is set in capital letters across the top within a decorative panel, and the denomination «ONE POUND» appears in large capitals to the left. A legislative reference panel is positioned below the central arms, and the printer's imprint runs along the lower margin. |
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| Comments |
The North of Scotland Bank Limited, headquartered in Aberdeen, was absorbed into the Clydesdale Bank in 1950 — which makes notes from this final series, running up to 1949, the last ever issued under the North of Scotland name. De La Rue handled the printing throughout, as they had for the bank across several earlier series.
Scottish banks retained their private note-issuing rights under arrangements predating the Bank Charter Act of 1844, which explicitly excluded Scotland from its provisions restricting English provincial issuers. The North of Scotland exercised that right to the end.