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5 Pounds Union Bank of Scotland
| Issuer | Union Bank of Scotland Limited |
|---|---|
| Year | 1950-1954 |
| Type | Standard circulation banknote |
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| Obverse description | The bank's heraldic arms vignette occupies the left side, while a circular vignette at right contains a fully-rigged sailing ship rendered in blue intaglio. The centre carries the denomination FIVE POUNDS in large letters over a fine guilloche underprint, with the promise-to-pay text in script style and the date printed in the upper left. The note is framed by an ornate blue border with corner numeral 5 devices. |
|---|---|
| Obverse lettering | The Union Bank of Scotland Limited Promise to pay the Bearer on demand at their head offices in Glasgow or Edinburgh Five Pounds By order of the Directors |
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| Comments |
The Union Bank of Scotland had been absorbed into the Bank of Scotland by 1955, making this a late-series note issued in the final years before the merger formally ended the Union Bank's independent note-issuing history. Waterlow & Sons held the printing contract throughout the early postwar period, and the quality of their intaglio work on Scottish commercial bank notes from this era is generally high.
The merger with Bank of Scotland completed in 1955. Notes of this type continued to circulate as legal currency under Scottish banking conventions well after the issuing institution had ceased to exist as an independent entity.