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1 Pound Sterling
| Issuer | North of Scotland Banking Company |
|---|---|
| Year | 1836 |
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| Currency | Pound sterling (1694-date) |
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| Obverse description | Central vignette of a large Gothic cathedral rendered in fine intaglio engraving, flanked on either side by the denomination ONE in bold letterpress. Two allegorical female figures occupy the lower lateral margins — one to the left with a cornucopia, one to the right beside a maritime scene — executed in a classical engraved style. The issuer's name arches across the upper register with a manuscript promise-to-pay text and the words ONE POUND STERLING in the centre, below which appears ABERDEEN and the instruction By order of the Directors, with manuscript positions for number, date, and Manager signature at foot. |
|---|---|
| Obverse lettering | THE NORTH OF SCOTLAND BANKING COMPANY ONE Promise to pay to the Bearer on Demand ONE POUND Sterling at their Office here. ABERDEEN By order of the Directors Manager |
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| Comments |
The North of Scotland Banking Company was founded in Aberdeen in 1836 — the same year this note was issued — making this among the earliest paper the bank ever produced. Scottish free banking was still operating at full stretch in the 1830s, with dozens of provincial banks issuing their own notes under minimal regulatory constraint, and the North of Scotland was a late entrant into that competitive field.
The bank survived until 1908, when it was absorbed by the Clydesdale Bank. Notes from its founding year are rarely encountered; early Aberdeen-printed issues suffered heavy attrition in active circulation across the northeast Highlands trade routes.