Watch List notes:

Union Bank of Scotland Limited, £20, 1 September 1947, serial number B206/026 blue, red and pale yellow, arms top centre, equestrian statue low left and right, value in red underprint at centre, signatures of Morrison and Wilson below, reverse a blue and pale yellow central guilloche, value at centre,, (PMS UB66e, Banknote Yearbook SC932d, Pick S813c), two usual light creases, original good extremely fine to about uncirculated. One of the best example seen, rare.

Estimate: $1000 - $1500