Scotland banknote - 1 pound sterling - year 1967 - Forth Bridge

Description: Sterling banknotes are the banknotes in circulation in the United Kingdom and its related territories, denominated in pounds sterling (symbol: £; ISO 4217 currency code GBP).Sterling banknotes are official currency in the United Kingdom, Jersey, Guernsey, the Isle of Man, South Georgia and the South Sandwich Islands, and Tristan da Cunha in St Helena, Ascension and Tristan da Cunha. One pound is equivalent to 100 pence. Three British Overseas Territories also have currencies called pounds which are at par with the pound sterling.In most countries of the world the issue of banknotes is handled exclusively by a single central bank or government, but in the United Kingdom seven retail banks have the right to print their own banknotes in addition to the Bank of England; sterling banknote issue is thus not automatically tied in with one national identity or the activity of the state. The arrangements in the UK are unusual, but comparable systems are used in Hong Kong and Macao, where three and two banks respectively issue their own banknotes in addition to their respective governments.The Bank of England does act as a central bank in that it has a monopoly on issuing banknotes in England and Wales, and regulates the issues of banks in Scotland and Northern Ireland. Pounds issued by Crown Dependencies and other areas are regulated only by local governments and not the Bank of England. The National Commercial Bank of Scotland Ltd. was a Scottish commercial bank. It was established in 1959 through a merger of the National Bank of Scotland (est. 1825) with the Commercial Bank of Scotland (est. 1810). Ten years later it merged with the Royal Bank of Scotland, to become the largest clearing bank in Scotland. The National Commercial Bank issued its own banknotes.At its foundation, the National Commercial Bank of Scotland had assets of around £300 million, and had 476 branches in Scotland and England. A joint venture with asset management company Schroders in 1964 saw the launch of a Scottish merchant banking service. The bank acquired the 36 English and Welsh branches of The National Bank Ltd., when the Irish operations of that institution were bought by the Bank of Ireland in 1966. The National Commercial Bank also established a "ladies branch" for female customers, staffed entirely by women.By 1969 economic conditions were becoming more difficult for the banking sector. In response, the National Commercial Bank merged with the Royal Bank of Scotland. The resulting company had 662 branches. The merger resulted in a new holding company, National & Commercial Banking Group Ltd. The English and Welsh branches were reorganised as Williams & Glyn's Bank, while the Scottish branches transferred to the Royal Bank name. The holding company was renamed Royal Bank of Scotland Group in 1979. The Forth Bridge is a cantilever railway bridge across the Firth of Forth in the east of Scotland, 9 miles (14 kilometres) west of Edinburgh City Centre. It is considered as a symbol of Scotland (having been voted Scotland's greatest man-made wonder in 2016), and is a UNESCO World Heritage Site. It was designed by the English engineers Sir John Fowler and Sir Benjamin Baker. It is sometimes referred to as the Forth Rail Bridge (to distinguish it from the adjacent Forth Road Bridge), although this has never been its official name.Construction of the bridge began in 1882 and it was opened on 4 March 1890 by the Duke of Rothesay, the future Edward VII. The bridge spans the Forth between the villages of South Queensferry and North Queensferry and has a total length of 8,094 feet (2,467 m). When it opened it had the longest single cantilever bridge span in the world, until 1919 when the Quebec Bridge in Canada was completed. It continues to be the world's second-longest single cantilever span, with a span of 1,709 feet (521 m).The bridge and its associated railway infrastructure are owned by Network Rail.

Price: 37 USD

Location: Nis

End Time: 2024-12-07T10:55:18.000Z

Shipping Cost: 0 USD