Watch List notes:

The National Bank of Scotland Limited, £5 (2), 11 November 1932, 1 September 1948, serial number A885-681, C265-415, blue on yellow and red underprint, arms at centre and portrait of Marquess of Lothian at left, reverse ornamental pattern with view of Edinburgh at centre,, (PMS NA36, 57), both about very good, much evidence of circulation, 1932 with pinhole upper-left and 1948 with mounting hangers upper top corners (2).

Estimate: £80 - £120