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1 Pound Union Bank of Scotland

Issuer Union Bank of Scotland
Year 1910-1919
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Currency Pound sterling (1707-1970)
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Obverse description The upper portion carries a central vignette of the bank's coat of arms flanked by two seated allegorical female figures, with a large numeral "1" lozenge at each upper corner. Below, the denomination "ONE POUND" is printed in bold letterpress within the body text, flanked at lower left and right by intaglio vignettes of equestrian statues on pedestals. The note bears a manuscript date, serial number, and two manuscript signatures of the Cashier and Accountant above the printer's imprint of Waterlow & Sons, London.
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Reverse lettering The Union Bank of Scotland Limited
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The Union Bank of Scotland had its roots in the 1830 merger of several Glasgow-based banking concerns, and by the time this note was issued it was among the larger Scottish joint-stock banks — though still operating under the old Scottish free banking tradition of private note issue. That tradition persisted well into the twentieth century, long after England had consolidated issue under the Bank of England.

Waterlow & Sons handled security printing for a wide range of British and colonial issuers during this period. The Union Bank was absorbed into the Bank of Scotland in 1955, extinguishing a note-issuing lineage of over a century.

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