Watch List notes:

Scotland The Union Bank of Scotland Limited 1 Pound SPECIMEN PROOF similar to Pick S815b (PMS UB63d, BY SC903b) dated 5th December 1931 without a serial number and prefix F only printed signatures Norman Hird for General Manager and J F McCrindle for Chief Accountant. The note in blue on red and yellow sunburst underprint with the obverse featuring the Bank's Coat of Arms at upper centre and 2 equestrian statues at both lower left and right. The reverse displaying an elaborate panel with large denomination figure in circle at centre and circled with text "The Union Bank of Scotland Limited". A fresh and crisp GEF or near so, 2 sets of cancelation punch holes, reverse with Printers Annotations and violet stamp reading "The Union Bank of Scotland / Exhibited / Glasgow, ..........." no date can be observed in the stamp

Estimate: 50-100 GBP