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 a key policy of Queen Anne from the time she acceded to the throne in 1702. Under the aegis of the Queen and her ministers in both kingdoms, the parliaments of England and Scotland agreed to participate in fresh negotiations for a union treaty in 1705. Both countries appointed 31 commissioners to conduct the negotiations. Most of the Scottish commissioners favoured union, and about half were government ministers and other officials. At the head of the list was Queensberry, and the Lord Chancellor of Scotland, the Earl of Seafield. The English commissioners included the Lord High Treasurer, the Earl of