Royal Banner of Scotland the Standard in 1138 by David I (1124–1153). Following the Union of the Crowns of England, Ireland and Scotland in 1603, the Royal Banner of the arms of the kings of Scotland was incorporated into the royal standards of successive Scottish then, following the Acts of Union in 1707, British monarchs; with all such royal standards being quartered to include the banner of the arms of each individual realm. Since 1603, the Royal Banner of Scotland has appeared in both the first and fourth quarters of the quartered royal standard used in Scotland, while appearing only in the second quarter
Acts of Union 1707 known as the Seven ill years which led to strained relations with England. In 1698, the Company of Scotland Trading to Africa and the Indies received a charter to raise capital through public subscription. The Company invested in the Darién scheme, an ambitious plan funded almost entirely by Scottish investors to build a colony on the Isthmus of Panama for trade with East Asia. The scheme was a disaster; the losses of over £150,000 severely impacted the Scottish commercial system. The financial losses incurred have often been suggested as one of the drivers behind Union. Deeper political integration had been