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
Union of England and Scotland Act 1603 Union of England and Scotland Act 1603 The Union of England and Scotland Act 1603 (1 Jac. I c.2), full title "An Act authorizing certain Commissioners of the realm of England", was an Act of Parliament of the Parliament of England enacted during the reign of King James I. It appointed a commission led by the Lord Chancellor, Lord Ellesmere, to meet and negotiate with a commission which would be appointed by the Parliament of Scotland. The aim of the discussions was to look into the possibility of arranging a formal political union between England and Scotland, going beyond the