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5 Pounds Commercial Bank of Scotland

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.
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.

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