Watch List notes:

Five Pounds Peppiatt White Note B264 Fourth Post-war Period Thin paper Metal thread dated 2nd June 1947 serial number M33 066089 London branch. Printed at St. Luke's Works, London. EF and a very desirable note. An interesting fact about this issue is that all the notes are dated 1947 but were not issued into circulation until 1948 and no notes were printed in 1948.

Estimate: 150-250 GBP