1 Pound Sterling

The North of Scotland Banking Company, founded in Aberdeen in 1836, occupied an awkward position among Scottish issuers — large enough to maintain its own note circulation but perpetually in the shadow of the three dominant Edinburgh banks. By 1866 the bank had absorbed several smaller northern rivals and was actively defending its right to issue, a right that would survive until the company's merger with Clydesdale Bank in 1908.

The Bankers & Printers Co. attribution is worth noting — the firm handled a number of provincial British issues during this period but left a thinner documentary trail than the major London security printers, which complicates provenance research on the series.