Watch List notes:

Waterlow & Sons Limited Advertising Note. London. ND (ca.1910-1930). Face is dark brown with text describing their printing services including "Banknotes, Bonds and Stamps" on white paper with large margins. Portrait of distinguished gentleman in middle on face. Back is ornate with allegorical women on left and right and is in brown with text describing company's printing services. XF+ to AU condition. W&S. Scarce advertising note variety.

Estimate: 200 - 400