Watch List notes:

Union Bank of Scotland Limited, £1 (4), 1940, 1942, 1951. 1954, blue, red and pale yellow(PMS UB63e, 68a, 68b, Banknote Yearbook SC903d, 904a, 904b), generally good very fine, the 1954 quite scarce (4).

Estimate: £120 - £140