Watch List notes:

Union Bank of Scotland Limited, £1, 1940, 1942, 1949, 1954, all blue on red and yellow underprint, last three with arms at left, ship at right, others with arms at top centre, equestrian statues at low left and right(Banknote Yearbook SC903d, 904a, 904b), first two about uncirculated to uncirculated the remaining two pressed very fine (4).

Estimate: £120 - £180