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1 Pound Royal Bank of Scotland

Issuer Royal Bank of Scotland
Year 1927-1936
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Composition Paper
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Obverse description The obverse carries the royal crest with a vignette of George I at the top centre, flanked by allegorical figures of Britannia at the lower left and Plenty at the lower right, all within an ornate engraved border. The promise-to-pay text is set in letterpress across the centre field, accompanied by a printed signature of the Accountant and a handwritten signature of the Cashier.
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Reverse description The reverse is printed in blue on a fine guilloche underprint, with two circular vignettes side by side: the Royal Bank of Scotland's Edinburgh head office at left, labelled EDINBURGH, and the Glasgow branch at right, labelled GLASGOW. Between the vignettes sits a central ornamental panel with the numeral "1" over an intricate guilloche rosette, all framed by an elaborate engraved scrollwork border.
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The Royal Bank of Scotland's interwar pound series occupies an interesting position in Scottish note history — these were issued during a period when Scottish banks still operated with near-complete autonomy over their own paper currency, a privilege that survived every parliamentary attempt to curtail it. W. & A. K. Johnston, the Edinburgh cartographic and security printing firm, handled production throughout the run, with G. W. Bacon brought in as a partner arrangement that reflected a broader consolidation in British specialty printing during the late 1920s.

The 1929 financial crisis had little visible effect on the series itself, which continued uninterrupted — Scottish clearing bank notes were never subject to the emergency restrictions applied to Bank of England issues during the same period.

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