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5 Pounds Clydesdale Bank
| Issuer | Clydesdale Bank Limited |
|---|---|
| Year | 1948-1949 |
| Type | Standard circulation banknote |
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|---|---|
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| Reverse description | Printed entirely in blue, the reverse is dominated by a central circular vignette of the bank's armorial seal — a tree on a landscape with a heraldic shield below — enclosed within concentric rings of fine guilloche lacework. Two large numeral '5' cartouches in matching guilloche fill the left and right fields, the whole composition forming a symmetrical and intricately engraved design. |
| Reverse lettering | The Clydesdale Bank Limited |
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| Comments |
Clydesdale Bank was absorbed into the Midland Bank group in 1920, but retained its Scottish note-issuing rights — a commercial concession that English clearing banks never enjoyed. By the late 1940s the bank was operating under that dual identity: London-controlled capital, Edinburgh-registered issuer. The P#190 series falls squarely in that awkward postwar period when Scottish banks were quietly renegotiating their positions within the British clearing system.
Scottish £5 notes from this window are genuinely scarce in any grade. Wartime paper shortages had reduced note production across all Scottish issuers, and the 1948–49 series had a short run before revised designs followed in the early 1950s.