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1 Pound Union Bank of Scotland
| Issuer | Union Bank of Scotland Limited |
|---|---|
| Year | 1949-1954 |
| Type | Log in to see details |
| Value | Log in to see details |
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| Composition | Log in to see details |
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| In circulation to | Log in to see details |
| Reference(s) | P#S816 |
| Obverse description | The bank's heraldic arms vignette occupies the left portion, supported by a lion and a ram with the motto 'A Shield and Stay' on a scroll below, while a circular intaglio vignette at right presents a full-rigged sailing vessel under sail. The centre carries the promise-to-pay text in italic script over an elaborate guilloche rosette underprint in red, with the denomination ONE POUND in bold letterpress. A General Manager's signature appears at lower centre, and the note is framed by a dark blue ornamental border with numeral '1' cornerpieces. |
|---|---|
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| Reverse lettering | THE UNION BANK OF SCOTLAND LIMITED |
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| Comments |
The Union Bank of Scotland had been absorbed into the Bank of Scotland by 1955, which makes this series — issued in the final years of the institution's independent existence — effectively the last chapter of a note-issuing tradition stretching back to 1830. The merger was agreed in 1952, but Union Bank retained its own notes in circulation through the transition period, a common enough Scottish banking courtesy that allowed existing stock to be exhausted rather than immediately withdrawn.
Waterlow & Sons had a long relationship with Scottish chartered banks, and the P#S816 sits within their later output, before the firm's acquisition by De La Rue in 1961 ended that chapter entirely.