That’s because it’s not quite correct: Barclays owned the British Linen Company which merged with the Bank of Scotland.
Believe it was only a 35% stake. See also below.
This entity was, for some time, indeed owned by Barclays. When it was agreed in the late 1960s that Linen Bank should be divested, so that it could be merged in with the Bank of Scotland, that was when Barclays acquired their 35% stake in Bank of Scotland, which they retained for several years thereafter.
ignorance is bliss. & that is widespread in engerdlandshire.
American banknotes while retaining the green colour and faces, US Federal Bank have introduced security threads on their notes which changes colour under UV light, gold numbers and raised textures on the surface.
And yet, when I proffered a Clydesdale Bank fiver at a retailer in Covent Garden ~10 years ago, the teenager on the till shrieked "Eurgh wossat? Welsh?"
Not that strange. Scotland and Ireland have only been part of the UK over the past 300 years, whereas Wales has a much longer history of being ruled from London.
There have been Welsh banknotes issued more recently than that, albeit not always officially! (Such as the "Chief Treasury of Wales" notes issued in the 1960's until the person responsible was told to stop doing so).
As I’ve mentioned before, it matters not one bit what they need to do. They will do as they please.
Yes.
I refrained from posting this when I first saw the comment, I’m pleased someone said it though.
Midland Bank (founded in Birmingham UK in 1836) entered into a merger with the HongKong & Shanghai Banking Corporation in 1992. Both banks became wholly owned subsidiaries of HSBC Holdings, a company registered in London.
It wouldn't be commercially viable. The value of forged notes tendered is in significant decline due to polymer notes being more secure, and the general decline in cash transactions.
Much cheaper to inconvenience passengers. And there must have been some passengers spending Scottish banknotes at Sheffield ticket office before the sign went up, or it wouldn't have gone up. The sign doesn't claim all the Scottish notes tendered were forgeries.
Wales shares the same legal system as England and apart from the recently devolved powers has to all extents and purposes was conjoined with England for hundreds of years. Very different situation to Scotland and NI who have their distinct legal systems with significant divergence.
My wife, many moons ago, workad at a place that told its staff they could only accept a banknote that said "pounds sterling" on it. She took great joy in pointing out that was missing from all the Bank of England notes in the drawer.
The right to issue banknotes was lost if a bank was taken over. Wales' long, populated border, and overall proximity to London, meant that there were plenty of such mergers.
My view is that EMR should not be refusing to accept Scottish banknotes. They should train their staff correctly in the security features of polymer banknotes.