Watch List notes:

Union Bank of Scotland Limited, £20, 2 January 1942, serial number B64/044, blue, red and pale yellow, arms top centre, equestrian statue low left and right, value in red underprint at centre, two manuscript signatures below, reverse a blue and pale yellow central guilloche, value at centre(PMS UB66c, Banknote Yearbook SC932b), almost very fine, scarce.

Estimate: £250 - £350