The Royal Bank of Scotland £1 note those holding genuine Bank of England notes. In 1727, the Royal Bank of Scotland began issuing twenty-shilling notes (equivalent to £1). Early banknotes were monochrome, and printed on one side only. The first twenty-shilling notes were dated 8 December 1727 and were hand-signed by a bank cashier and given a unique number. The cashier also added by hand the equivalent value in old Scots pounds — a currency that had been abolished 20 years earlier in the Acts of Union 1707 which united the Kingdoms of England and Scotland into the Kingdom of Great Britain. Twenty shillings was equivalent to
Acts of Union 1707 to unite the two realms so he would not be "guilty of bigamy;" he used the royal prerogative to take the title "King of Great Britain" and give a British character to his court and person. The 1603 Union of England and Scotland Act established a joint Commission to agree terms but the English Parliament was concerned this would lead to the imposition of an absolutist structure similar to that of Scotland. James dropped his policy of a speedy union, the topic disappeared from the legislative agenda while attempts to revive it in 1610 were met with hostility. This did