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The Scotland 1 Pound banknote was released by the Royal Bank of Scotland Public Limited Company in 1996. On its obverse is a portrait of Lord Ilay who served as the banks first governor. On the banknotes reverse is the Edinburgh Castle. The paper bill is 128 x 65 mm in size and bears a solid security thread. Additionally, it has a watermark that reflects an image of Lord Ilay. It also has the signature of G. R. Mathewson. This particular Scotland 1 Pound banknote has been given a grade of 68 by the Paper Money Guaranty.