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100 Pounds Union Bank of Scotland
| Issuer | Union Bank of Scotland Limited |
|---|---|
| Year | 1950-1954 |
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| Value | Log in to see details |
| Currency | Pound sterling (1707-1970) |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | THE UNION BANK OF SCOTLAND LIMITED 1st October 1954 Promise to pay the Bearer on demand at their head offices in Glasgow or Edinburgh ONE HUNDRED POUNDS By order of the Directors GENERAL MANAGER WATERLOW & SONS LIMITED, LONDON |
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| Reverse lettering | THE UNION BANK OF SCOTLAND LIMITED 100 |
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| Comments |
The Union Bank of Scotland's higher denominations from this period occupy an awkward transitional position: the bank was absorbed by the Bank of Scotland in 1955, making this among the last issues under the Union Bank name before that merger concluded. A £100 note in early 1950s Scotland was a serious commercial instrument, not retail currency — these moved between businesses, solicitors, and clearing houses, rarely touching ordinary hands.
Waterlow & Sons had been printing Scottish commercial bank notes for decades by this point, and their intaglio work on high-value issues was consistently reliable. The merger with Bank of Scotland the year after this series closed meant redemption and withdrawal were handled briskly, which limits surviving population considerably.