Watch List notes:

Commercial Bank of Scotland Limited, £1, 2 January 1914, red serial number 19/I 195/267, blue and pale orange, bank buildings top centre and at left and right, printed signature of Mackay at low left, manuscript signaure low right, value in orange underprint at centre and at low left and right, manuscript signature low right, reverse blue-mauve, maiden at centre, (PMS CO56b, Banknote Yearbook 402a), very fine and scarce.

Estimate: £300 - £400