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5 Pounds Commercial Bank of Scotland
| Issuer | Commercial Bank of Scotland |
|---|---|
| Year | 1947-1958 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Pound sterling (1707-1970) |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | The Commercial Bank of Scotland Ltd. Promise to pay the bearer on demand Five Pounds Sterling At the office here Edinburgh By order of the Court of Directors |
| Reverse description | Log in to see details |
| Reverse lettering | The Commercial Bank of Scotland Limited Incorporated by Royal Charter and Act of Parliament. Established 1810 Five Pounds |
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| Comments |
The Commercial Bank of Scotland's postwar £5 series was produced by Bradbury Wilkinson at their New Malden works, a firm that dominated Scottish commercial bank printing through much of the twentieth century. The dates 1947–1958 bracket a period of particular tension for Scottish private note issuers: the 1945 Banking Act debates and subsequent discussions through the early 1950s repeatedly threatened to curtail the ancient right of Scottish banks to issue their own currency, a right they ultimately retained.
The Commercial Bank itself ceased to exist as an independent entity in 1959, absorbed into the National Commercial Bank of Scotland — which makes the terminal date of this series essentially the last gasp of the issuer.