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20 Shillings / 1 Pound East Lothian Bank
| Issuer | East Lothian Banking Company |
|---|---|
| Year | 1820-1822 |
| Type | Standard circulation banknote |
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|---|---|
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| Reverse description | The reverse is dominated by a large central guilloche medallion enclosing the Royal Arms of Great Britain with lion and unicorn supporters, surrounded by dense radiating engine-turned lathe work. The cypher 'GR IV' appears to either side of the central arms, and a ribbon cartouche at the base bears the word 'ONE', all printed in a deep red and brown two-colour scheme. |
| Reverse lettering | Five Pence GR IV One |
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| Comments |
The East Lothian Banking Company was one of Scotland's smaller provincial banks, established in Haddington in 1810. It failed in 1822 — the very outer edge of this note's date range — and was absorbed by the British Linen Company, making notes from the final months of operation particularly scarce. Scotland's free banking era produced dozens of such institutions, most short-lived, and their surviving paper is correspondingly rare.
Any example from this issuer is a collector's oddity more than a monetary artifact. The bank barely lasted a dozen years.