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<p>[QUOTE=&quot;scottishmoney, post: 8024281, member: 12789&quot;]<b>Bank of Scotland £1 1968 First Run[ATTACH=full]1390633[/ATTACH] </b></p><p><b><br /></b></p><p>By the mid 1960s Scottish banknote design was very seriously dated.&nbsp; So much so that the Bank of England voiced their concerns over the prospect of widespread counterfeits being circulated.&nbsp; The Bank of Scotland had their notes printed using an offset process since the 1880s by Waterstons and Sons Printers but using specially watermarked paper produced by Gorbals.&nbsp; This was secure enough, but in the early 1960s printing techniques were advancing rapidly and counterfeits began to appear of Bank of Scotland and Royal Bank of Scotland notes.&nbsp; Bank of Scotland had begun preparing in the early 1960s both for more secure notes and for decimalisation of the currency.&nbsp; But they dragged their bottoms over five years.</p><p><br /></p><p>Whilst they were dragging bottoms they were running out of money for their bank counters.&nbsp; But new paper with more sophisticated watermarks was ready so they did an emergency printing of the £20 in 1969 seen here:</p><p><br /></p><p><a href="https://www.cointalk.com/threads/the-last-british-horseblanket-bank-of-scotland-%C2%A320-1969.386587/" class="internalLink ProxyLink" data-proxy-href="https://www.cointalk.com/threads/the-last-british-horseblanket-bank-of-scotland-%C2%A320-1969.386587/">https://www.cointalk.com/threads/the-last-british-horseblanket-bank-of-scotland-£20-1969.386587/</a></p><p><br /></p><p>When the new £1 was finally released in the fall of 1968, but bearing the 17th July date - it used the new thistle watermarked paper and was printed by Waterstons and Sons utilising engraved plates that were prepared by Jon Enschede in Zonen from the Netherlands.&nbsp; Waterstons did not possess the technology to prepare the engraved plates on their own.&nbsp; This would be a short one year run, into 1969 as Bank of Scotland was already in merger discussions with the British Linen Bank and their combined note issue was beyond the capacity of Waterstons and the printing contract was assumed by Thomas De La Rue, printers of British Linen&#039;s banknotes.</p><p><b><br /></b></p><p><b></b>[/QUOTE]</p><p><br /></p>

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