Watch List notes:

The Royal Bank of Scotland, £20 (2), 1943, 1947, serial number D436/7137, D463/2480, blue and orange on yellow underprint, King George I flanked by Lion and Unicorn upper centre with Bank title below, value in orange panel at centre, handsigned,, (PMS RB61c), very good to about fine (2).

Estimate: £150 - £200