Watch List notes:

Waterlow & Sons, Ltd, Advertising Banknote. London, England, ND, (ca.1930's). Face is red on light blue, green and m/c underprint with text describing their printing services including "Banknotes, Bonds and Stamps" on white paper. Portrait of official looking gentleman on left with ornate frames and borders of note. Back is red on m/c with text describing company's printing services. Silk fiber paper with large margins, Uncirculated condition. W&S. Scarce advertising note variety.

Estimate: 400 - 800