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 were unhappy about the prospect, however. English overseas possessions made England very wealthy in comparison to Scotland, a poor country with few roads, very little industry and almost no Navy. This made some view unification as a markedly unequal relationship. In Scotland, some claimed that union would enable Scotland to recover from the financial disaster wrought by the Darien scheme through English assistance and the lifting of measures put in place through the Alien Act to force the Scottish Parliament into compliance with the Act of Settlement. The combined votes of the Court party with a majority of the Squadrone