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5 Pounds Clydesdale Bank
| Issuer | Clydesdale Bank Limited |
|---|---|
| Year | 1971-1981 |
| Type | Log in to see details |
| Value | 5 Pounds |
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| Composition | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Clydesdale Bank Limited Promise to pay to the bearer on demand at their office here Five Pounds By order of the Board of Directors |
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| Signature(s) | 01.03.1971 - Fairbairn 01.05.1972 & 01.08.1973 - Macmillan (General Manager) 01.03.1974, 06.01.1975, 02.02.1976, 31.01.1979, 01.02.1980 & 27.02.1981* - Macmillan (Chief General Manager) *not listed in catalog |
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| Comments |
Clydesdale Bank's transition from Glasgow-chartered independence to National Westminster Group ownership in 1920 — and later Midland Bank control from 1987 — never stripped it of Scottish note-issuing authority, and this series bridges an important internal moment: Macmillan's promotion from General Manager to Chief General Manager mid-run, creating a signature variant that most generalist catalogs overlook entirely. The unlisted 27.02.1981 Macmillan date compounds that gap.
Scottish chartered banks retained their right of issue under arrangements predating the Bank Charter Act of 1844, which explicitly exempted them. Clydesdale has issued continuously ever since.