Watch List notes:

National Bank of Scotland Limited, £5, Edinburgh, 11 November 1932, serial number A 849-554, dark blue, pale brown and pale yellow, the Marquess of Lothian at left, arms at centre, vignettes of Edinburgh Castle, shipping on the Clyde and Holyrood Palace, printed signature of Drever and manuscript signature low centre, reverse blue and yellow, view of Prince's Street at centre, value at left and right, (PMS NA36, Banknote Tearbook 511d) a pleasing very fine and scarce.

Estimate: £250 - £300