Great Britain ND (1922-23) P-359a PMG Choice About UNC 58 1 Pound (Control Note)
T31. Z/1 series control note. A so-called "Control Note" with Z prefix, which was only used on a single note of each sheet, and are much scarcer than ordinary prefixes. Research is ongoing why this was done, and it has been speculated that this my have been an inventory control measure, hence the name. Control notes are similar to replacement notes in that they typically sell for a premium over a generic note from the same series.