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| 正面描述 | Blue-tinted note with a central vignette of Marischal College, Aberdeen, set within a fine guilloche border. The bank title 'North of Scotland Bank Limited' appears in ornate gothic lettering at top, flanked by the bank's heraldic arms at upper left and a chequered shield vignette at upper right; the denomination '£1' appears in a large guilloche roundel at right. The promise-to-pay text, date, place of issue 'Aberdeen', and the General Manager's signature are printed below the central vignette, with the serial number appearing twice. |
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| 背面描述 | Printed in blue on a cream ground, the reverse centres on a large circular guilloche frame enclosing the full heraldic arms of the North of Scotland Bank — two rampant stags supporting a shield charged with a saltire, beneath a motto ribbon — all executed in fine intaglio line work. The bank title 'NORTH OF SCOTLAND BANK LIMITED' runs in a guilloche panel across the top, with 'ONE POUND' in bold lettering at the left. A rectangular panel at the foot carries the statutory authority inscription referencing Acts of Parliament. |
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The North of Scotland Bank was one of the smaller Scottish chartered banks — headquartered in Aberdeen, it operated a tight regional network across the northeast and Highlands. By the time this series was issued, De La Rue had long been the bank's printer of choice, and the relationship shows in the consistency of the production across the 1938–1949 date range.
Scottish banks retained the right of independent note issue under separate legislation from English banking law, a position that made each issuer responsible for maintaining its own reserve backing. The North of Scotland was absorbed into Clydesdale Bank in 1950, ending its independent issue history almost immediately after this series closed.