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20 Pounds Union Bank of Scotland

Issuer Union Bank of Scotland Limited
Year 1950-1953
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Reference(s) P#S818
Obverse description The bank's heraldic arms vignette occupies the left portion of the note, while a circular intaglio vignette of a full-rigged sailing ship appears at right, both set against a warm orange guilloche underprint with radiating lines. The denomination TWENTY POUNDS is printed in large red letterpress across the centre, with the date appearing in the upper left field. A manuscript signature of the General Manager appears in the lower right, beneath the promise-to-pay text rendered in script lettering.
Obverse lettering The Union Bank of Scotland Limited Promise to pay the Bearer on demand at their head offices in Glasgow or Edinburgh Twenty Pounds By order of the Directors
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Comments

The Union Bank of Scotland had been absorbed into the Bank of Scotland by 1955, making this series among the final issues under the Union Bank name before that merger extinguished it entirely. Notes from the closing years of an institution's independent operation — 1950 through 1953 here — typically saw reduced print runs as the acquiring bank wound down parallel operations, which partly accounts for the relative scarcity of high-denomination survivors from this period.

Waterlow & Sons printed Scottish commercial banknotes for several issuers simultaneously during these years, and the security printing quality is consistent with their late-period work before Waterlow's own acquisition by De La Rue in 1961.

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