Watch List notes:

Waterlow & Sons Limited Advertising Note. London. ND (1930's). No denomination. Face is red on m/c underprint with text describing their printing services including "Banknotes, Bonds and Stamps" on white paper with security threads. Portrait of official looking gentleman on left with ornate frames and borders of note. Back is red and m/c with text describing company's printing services. Uncirculated condition. W&S. Scarce advertising note variety.

Estimate: 100 - 200