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1 Pound Union Bank of Scotland
| Issuer | Union Bank of Scotland Limited |
|---|---|
| Year | 1921-1923 |
| Type | Standard circulation banknote |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Incorporated by Act of Parliament The Union Bank of Scotland Limited Promise to pay the Bearer on demand at their head offices in Glasgow or Edinburgh One Pound By order of the Directors |
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| Reverse lettering | The Union Bank of Scotland Limited |
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| Comments |
The Union Bank of Scotland had roots going back to 1830 and was, by the 1920s, one of the larger Scottish provincial clearers — though it would eventually be absorbed into the Bank of Scotland in 1955. Waterlow & Sons in London handled the printing, a common arrangement for Scottish commercial banks that lacked the volume to justify proprietary security printing operations.
Scottish one pound notes of this period remained in active daily use long after England had largely abandoned the one pound note as a practical circulating instrument, reflecting the distinct Scottish legal framework that permitted — and still permits — commercial bank issue.