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1 Pound Sterling
| Issuer | National Bank of Scotland Ltd. |
|---|---|
| Year | 1931-1933 |
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| Printer | W. & A.K. Johnston Ltd. |
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| Obverse description | The obverse is dominated by a central vignette of the bank's royal arms flanked by two smaller architectural vignettes — a Gothic church to the left and a grand country house to the right — all set within an intricate guilloche underprint in pink and green tones. The bold heading 'THE NATIONAL BANK OF SCOTLAND LIMITED' arches across the top, with '£1' denomination counters in each corner. Below the central arms, the promise to pay text and denomination panel read 'ONE POUND', with the place of issue 'EDINBURGH', the date, and serial number printed in the lower portion. |
|---|---|
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| Reverse lettering | £1 £1 |
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| Comments |
The National Bank of Scotland Ltd. was one of the last Scottish commercial banks still issuing its own pound notes under the increasingly regulated framework of the 1920s and 1930s — a privilege that survived partly because Scottish private note issue had never been fully absorbed into the Bank of England's monopoly. W. & A.K. Johnston, better known as cartographers and geographical publishers, maintained a long-running banknote printing operation in Edinburgh that served several Scottish banks.
The National Bank merged with the Commercial Bank of Scotland in 1959, and this series was long superseded by then. Notes from the 1931–1933 window are relatively scarce given the short issue span.