Watch List notes:

Bank of England, K. O. Peppiatt, £5, London, 15 June 1938, serial number B/236 00010, black and white, ornate crowned vignette of Britannia top left, value in black tablet low left, printed signature of Kenneth Oswald Peppiatt at lower right,
(EPM B241, Pick 335a) in PMG holder 55 About Uncirculated, scarce in this grade, ex-Manzi collection