Bank of Scotland, £100, 4 December 1946, serial number 3/K 0938, brown on pale orange underprint, arms top centre flanked by value in black tablets, bank title and grey medallion at centre, ornate vertical arms in panel at left, Elphinstone and Crawford signatures, (PMS BA110c, Banknote Yearbook 172c), ink annotation, fine and scarce.

Estimate: £300 - £400

SRN: ink annotation, in PMG holder 20 very fine