Watch List notes:

Clydesdale Bank Limited, £20, 5 August 1914, serial number N/N 0000314, black and white, value in pale red underprint, arms top centre, manuscript signature low right, Dewar signature at left
(Douglas 13, Banknote Yearbook SC307), good fine, only 500 printed, very rare.

Estimate: £1,100.00 - £1,300.00