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100 Pounds
| Issuer | Union Bank of Scotland Ltd. |
|---|---|
| Year | 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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| Shape | Rectangular |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | THE UNION BANK OF SCOTLAND LIMITED 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 |
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| Protection description | Watermarked cotton paper typical of Scottish chartered bank issues of the period. |
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| Comments |
W.C. Peat & Company was a small Edinburgh firm that handled printing for several Scottish provincial banks during the mid-twentieth century — not one of the major security printers, which makes its association with a high-denomination note like this one worth noting. Scottish chartered banks retained the legal right to issue their own notes under the Currency and Bank Notes Act 1928, and the Union Bank of Scotland exercised that right until its merger with the Bank of Scotland in 1955. This 1954 issue was among the last produced before that absorption ended the Union Bank's independent circulation entirely.
High-denomination Scottish provincial notes from this period rarely circulated widely — they functioned largely as interbank instruments.