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| Issuer | Commercial Bank of Scotland |
|---|---|
| Year | 1947-1958 |
| Type | Standard circulation banknote |
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| Obverse description | Portrait vignette of John Pitcairn at top centre, flanked by allegorical female figures on either side; a female head vignette appears at lower left. The face carries the full promise-to-pay text and is laid out in a traditional Scottish commercial bank style with letterpress inscriptions. |
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| 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 |
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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.