Royal Bank of Scotland, watermarked papers for £1 (3) and £5, used on £1 notes starting in 1927 and £5 notes starting around a similar time, glued into cream paper frames, ink annotations on frames and paper, as produced, rare (4 papers)
PMS RB 54-55, 57 £150-£200

Provenance: These items are directly from the Portals Paper Archive