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100 Pounds National Bank of Scotland

Issuer National Bank of Scotland
Year 1943-1952
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Reference(s) P#261
Obverse description Portrait of Henry Schomberg Kerr, 9th Marquess of Lothian, at left, flanked by the bank's armorial vignette at centre and a vignette of Edinburgh Castle at right. The note carries the full promise-to-pay legend in letterpress, with decorative guilloche borders framing the composition.
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Reverse description The central vignette presents a finely engraved panoramic view of Edinburgh set within an ornate oval frame, with the castle and city skyline rendered in detailed intaglio. Flanking the central oval, the numeral "100" appears in large letterpress figures on each side, all surrounded by an elaborate guilloche latticework pattern in blue-green tones that fills the entire reverse field.
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Comments

The National Bank of Scotland's higher denomination notes from this period were not everyday commercial instruments — a £100 note in 1940s Scotland was a tool of business, moving between firms, solicitors, and bank branches rather than passing through ordinary hands. Waterlow & Sons had a long relationship with Scottish banks, and the quality of intaglio work on this series reflects their pre-war standard, maintained despite wartime production pressures on the London plant.

The National Bank merged with the Commercial Bank of Scotland in 1959, making post-merger survival of this series under the original issuing name a fixed point for collectors dating examples within the 1943–1952 window.

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