North of Scotland Bank Limited, printers archival specimen £1, 1 March 1935, serial number range J 0001/0001 to J 0500/1000, Watt signature, CANCELLED perforation, order number and date inked in top margin, one light trace of mounting on reverse, otherwise uncirculated, very rare in this format, with only two examples of each archival specimen produced
PMS NS 38bs £200-£260