1 Pound Sterling

The North of Scotland Bank was headquartered in Aberdeen, incorporated in 1836, and spent much of its existence competing aggressively with the established Edinburgh and Glasgow houses for deposit business across the northern counties. By 1907 the Scottish private note-issuing system was already contracting — several regional banks had been absorbed or had surrendered their circulation rights — but the North of Scotland retained its issue privilege until the bank was acquired by Clydesdale Bank in 1950.

W. & A. K. Johnston was a Edinburgh cartographic and engraving firm, not a dedicated security printer, which gives this series a slightly different character from notes produced by Perkins Bacon or Waterlow. Their Scottish commercial note work was competent but regionally constrained.