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20 Pounds National Commercial Bank of Scotland

Issuer National Commercial Bank of Scotland
Year 1959-1967
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Composition Paper
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Obverse description The note is printed in red on a pink-tinted ground with an intricate guilloche border. A large blank oval vignette occupies the left portion of the face, intended for a portrait or watermark window, while the bank's heraldic arms appear as a vignette at the lower centre. The denomination TWENTY POUNDS is set in bold letterpress at centre, above the date and place of issue, with the General Manager's signature to the right.
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Protection description Oval watermark area visible on the left side of the obverse
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Comments

The National Commercial Bank of Scotland itself was a short-lived institution, formed in 1959 from the merger of the National Bank of Scotland and the Commercial Bank of Scotland, then absorbed into the Royal Bank of Scotland in 1969. This note therefore brackets the bank's entire independent lifespan almost exactly.

The dual printer credit — De La Rue and Waterlow & Sons — reflects a transitional supply arrangement. Waterlow was acquired by De La Rue in 1961, so later printings within this date range would have been De La Rue operations in all but name. Worth noting when attributing specific print runs.

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