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50 Pounds Ulster Bank
| Issuer | Ulster Bank Limited |
|---|---|
| Year | 1929 |
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| Shape | Rectangular |
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| Obverse description | The obverse is laid out in a classical Victorian commercial style, with the bank title 'Ulster Bank Limited' in large ornate lettering across the top and the denomination numeral '50' at each upper corner. Two oval guilloche vignettes at left and right each bear the word 'FIFTY', flanking a central vignette of a fully-rigged sailing ship. The date 'Belfast, 1st June, 1929' appears beneath the central vignette, above a broad blue underprint panel carrying the legend 'FIFTY POUNDS' in bold script, with the promise-to-pay text interwoven in cursive lettering. A decorative panel at lower centre reads 'Fifty' in script, with 'Belfast' along the lower border and a manuscript signature for the Ulster Bank Limited. |
|---|---|
| Obverse lettering | Ulster Bank Limited Northern Ireland Issue I Promise to pay the Bearer on Demand Fifty Pounds Sterling at the Head Office of the Bank in Belfast For the Ulster Bank Limited Belfast |
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| Comments |
Ulster Bank Limited was a Belfast-based institution operating under Royal Bank of Scotland ownership from 1917, though it retained full authority to issue its own notes under the Irish banking provisions that survived partition. The 1929 fifty pound denomination was a high-value instrument — fifty pounds in that year was well beyond the weekly wage of almost any worker in Northern Ireland, meaning these circulated almost exclusively between businesses, solicitors, and merchants rather than in retail trade.
Pick 310 is genuinely rare in any condition. High-denomination notes of this period were typically cancelled and returned for destruction rather than accumulating in pockets or tills.