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100 Pounds Commercial Bank of Scotland
| Issuer | Commercial Bank of Scotland |
|---|---|
| Year | 1924-1943 |
| Type | Log in to see details |
| Value | 100 Pounds |
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|---|---|
| Obverse lettering | The Commercial Bank of Scotland Limited Promise to pay the bearer on demand One Hundred Pounds Sterling At the office here Edinburgh By order of the Court of Directors |
| Reverse description | The reverse is printed in dark blue on a dense guilloche underprint and centres on a large engraved vignette of the Commercial Bank of Scotland's neoclassical head office building, with its columned portico rendered in fine intaglio detail. The denomination numeral '100' appears in large ornate script within elaborate guilloche cartouches to the left and right of the central vignette. The overall design is framed by intricate scalloped lace-pattern borders. |
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| Comments |
The Commercial Bank of Scotland was one of the Edinburgh-based joint-stock banks that survived long enough to be absorbed into the National Commercial Bank of Scotland in 1959, but during the interwar decades it operated with full note-issuing authority under Scottish banking law — a privilege that English provincial banks had lost nearly a century earlier. A £100 denomination was never a retail instrument; these circulated almost exclusively between merchants, solicitors, and the bank's own branches for internal settlement.
Waterlow & Sons held a substantial share of Scottish banknote printing contracts during this period, a relationship built on security printing expertise and competitive tendering rather than any exclusive arrangement.