Watch List notes:

Isle of Man, Lloyds Bank Limited, unissued £1 (2), 19- , (ca. 1935), no serial numbers, black on green and pink underprint, values to corners with horse and Viking longship upper and lower centre respectively, reverse blue and pink with arms at centre flanked by values,, (IMPM M335h/i, Q377), uncirculated, one with 'CANCELLED' perforation low-centre, this example with hint of foxing at upper-left corner but nevertheless unusual and scarce (2).

Estimate: £140 - £180