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1 Pound Union Bank of Scotland
| Issuer | Union Bank of Scotland Limited |
|---|---|
| Year | 1924-1948 |
| Type | Standard circulation banknote |
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| Obverse description | The upper portion carries the bank's arms flanked by two allegorical female figures seated on either side, with the serial number printed twice in blue at the top. A central bold panel bears the bank name, below which the promise-to-pay text and denomination ONE POUND are inscribed in script and letterpress. Equestrian statues of mounted figures appear in vignettes at the lower left and lower right corners, with the date and two manuscript signatures of the General Manager and Cashier at foot. |
|---|---|
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| Reverse lettering | The Union Bank of Scotland Limited |
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| Comments |
Union Bank of Scotland's Waterlow-printed pound series ran through one of the most turbulent periods in Scottish banking history — the interwar depression, wartime controls, and the postwar renegotiation of sterling convertibility. The notes themselves changed relatively little across that span, which reflects the institutional conservatism that defined Scottish commercial banking.
Union Bank was absorbed into the Bank of Scotland in 1955, making notes from the later end of this series among the last issued under the Union Bank name before that merger resolved decades of competitive consolidation among the Edinburgh-based majors.