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| 正面描述 | The note is framed by an ornate engraved border with intricate guilloche patterns. At upper centre, a vignette of a sailing ship in harbour is flanked on each side by oval medallions bearing the numeral '1'. The legend 'ULSTER BANK LIMITED' arches across the top, with 'BELFAST.' in large letters at the foot; the promise-to-pay text and denomination 'ONE POUND' are inscribed in script and letterpress across the centre field, with the date and serial numbers in red. |
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| 正面铭文 | Ulster Bank Limited Northern Ireland Issue I Promise to pay the Bearer on Demand One Pound Sterling at the Head Office of the Bank in Belfast For the Ulster Bank Limited Belfast |
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Ulster Bank Limited was a privately chartered bank operating under the authority granted by the Irish Banking system, and by the 1930s it was one of several Northern Irish commercial banks still exercising the right to issue their own notes — a privilege that survived partition and continued well into the twentieth century. Charles Skipper & East, the London security printers, produced work for numerous colonial and regional issuers during this period; their output for Ulster Bank followed the same intaglio-heavy process used across their commercial banking contracts.
The 1935–1938 window was not defined by any single monetary crisis but by the quiet administrative reality of a divided Ireland still settling its dual banking jurisdictions.