Watch List notes:

The Royal Bank of Scotland, £20, 1 December 1931, serial number D276/5062 blue and orange on yellow underprint, King George I flanked by Lion and Unicorn upper centre with Bank title below, value in red-brown panel at centre, manuscript signatures on behalf of Accountant and Cashier,(PMS RB61c, Banknote Yearbook SC811a), ex Keith Austin Collection. A couple of pencilled numbers at top, fine.

Estimate: £200 - £250