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5 Pounds Bank of Scotland
| Issuer | Bank of Scotland |
|---|---|
| Year | 1945-1948 |
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| Composition | Log in to see details |
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| Printer | G. Waterston & Sons, Edinburgh |
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| Obverse description | The left panel contains a tall vertical vignette with the Bank's armorial seal set within an ornate guilloche border, flanked by decorative medallions. At centre, a heraldic vignette with the Bank of Scotland arms is surmounted by the word FIVE and flanked by denomination numerals, with the place and date of issue printed below. The lower portion carries the promise-to-pay text in letterpress script, with the denomination £5 repeated at lower left and right, and two signature lines for the Governor and Treasurer. |
|---|---|
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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.