100 Pounds Bank of Scotland

Bank of Scotland's higher denominations from this period were printed by George Waterston & Sons, the Edinburgh firm that handled the bank's note production for decades — a domestic arrangement that kept the work entirely within Scotland, unlike contemporaries who contracted Thomas De La Rue or Bradbury Wilkinson in London. Waterston's output is generally consistent, though the wartime paper supply constraints between 1939 and 1945 occasionally affected stock quality across all Scottish issuers.

A £100 note circulating in this window was strictly a commercial instrument — clearing house settlements, large merchant transactions, institutional transfers. Retail use was essentially nil. Survival rates for high-denomination Scottish notes of this era are low not because of destruction, but because most were redeemed and cancelled through banking channels rather than passing through multiple hands.