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1 Pound Royal Bank of Scotland
| Issuer | Royal Bank of Scotland |
|---|---|
| Year | 1875-1926 |
| Type | Standard circulation banknote |
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| Composition | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Pursuant to Act of Parliament The Royal Bank of Scotland promise to pay on demand to the Bearer One Pound Sterling at their Office here By order of the Court of Directors |
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| Variants | P#316a - 1875-1878 signature: Turnbull P#316b - 1878-1887 signature: Mackay P#316c - 1887-1908 signature: Templeton P#316d - 05.05.1908 - 24.03.1920 signature: Lunan P#316e - 14.05.1920 - 14.05.1926 / 28.08.1922 signature: Speed |
| Comments |
Scottish banks retained the right to issue their own £1 notes long after the Bank of England's monopoly tightened over English provincial issuers — a distinction preserved by the Treaty of Union and fiercely defended. The Royal Bank's £1 was a working note, the backbone of everyday commerce in Scotland, and this series ran across half a century and five successive signatories.
The Speed signature period overlaps with a brief dual-signatory arrangement — both Lunan and Speed appear on notes dated within the same window, which can cause dating confusion when signatures are read without reference to specific issue dates.