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5 Pounds Bank of Scotland

Issuer Bank of Scotland
Year 1945-1948
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Printer G. Waterston & Sons, Edinburgh
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Reverse lettering TANTO UBERIOR
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Protection description the Bank of Scotland arms visible when held to light.
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Comments

Bank of Scotland's wartime and immediate postwar £5 notes were printed by George Waterston & Sons, an Edinburgh firm better known for stationery and commercial printing — an unusual choice that reflects the disruptions of the period rather than any standing arrangement with the Bank. Waterston had produced notes for the Bank before, but the relationship was always secondary to the Bank's longer reliance on more specialized security printers.

The P#97 series spans 1945 to 1948, a window that brackets the end of hostilities and the early years of peacetime austerity. British banknote production generally remained constrained well into the late 1940s.

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