5 Pounds Bank of Scotland

G. Waterston & Sons were primarily a Edinburgh stationery and printing firm — their work on Bank of Scotland notes across this period represents one of the longer domestic printing relationships in Scottish banking, unusual at a time when London security printers dominated most comparable commissions. The four signature periods across four decades reflect successive Treasurers, the officer responsible for signing authority on Scottish banknotes rather than a governor or cashier.

The 1920–1931 Rose signature period includes a parallel dating sequence beginning October 1923, suggesting either a reissue from a separate authorisation or a second signing officer active concurrently — the dual date range under a single name is worth scrutinising on any example before cataloguing.