Watch List notes:

Scotland The Commercial Bank of Scotland Limited Fourteenth and Final Bradbury Wilkinson issue 5 Pounds Pick S333 (PMS CO67b, BY SC414b) dated 2nd January 1954 serial number 17E 048 024 and bearing signature Ian Macdonald titled General Manager. A very handsome and eye-catching design mainly in violet on multicolour underprint with the obverse featuring a portrait of Lord Cockburn one of the Bank's first Directors flanked by 2 Allegorical female figures representing Agriculture and Maritime shipping at upper centre and Allegorical female bust at lower left. The reverse in violet featuring a Victorian period scene of George street, Edinburgh with the Bank's building at centre. Printed by Bradbury, Wilkinson & Co. Ld. New Malden, Surrey, England imprinted in small script at lower centre obverse and watermarked with the same female bust as on lower left obverse. VF and this is an example of the very last issue for the bank before the merger with the National.

Estimate: 35-70 GBP