Watch List notes:

Leith Banking Company, £20, Leith, 1 October 1825, serial number 23/175, black and white, the Port of Leith in oval frame top left, three manuscript signature low right(Douglas 4, PMS LB8b), ex Pringle collection. Red control mark top left, annotations on reverse, a pleasing good fine, scarce.

Estimate: £300 - £400