Watch List notes:

(x) Union Bank of Scotland Limited, an uncut sheet of four specimen £1, 1 June 1948, blue on red and yellow underprint, arms flanked by allegorical maidens top centre, equestrian statues at low left and right, reverse with purple handstamps, numerous cancellation holes, (Banknote Yearbook SC903d for type), mounting traces on reverse, good very fine (4).

Estimate: £120 - £160