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5 Pounds Ulster Bank
| Issuer | Ulster Bank Limited |
|---|---|
| Year | 1924 |
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| Reference(s) | P#390 |
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|---|---|
| Obverse lettering | Ulster Bank Limited I Promise to pay the Bearer on Demand Five Pounds Sterling at the Head Office of the Bank in Belfast For the Ulster Bank Limited Belfast Dublin |
| Reverse description | The reverse is entirely unprinted, presenting plain white paper with no design, lettering, or security features, consistent with early twentieth-century Irish private bank issue practice. |
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| Comments |
Ulster Bank Limited occupied an unusual position in the Irish banking system during the 1920s — a Belfast-headquartered institution issuing private banknotes under the Currency Act 1927 framework, yet operating commercially on both sides of the newly hardened border. The 1924 date places this note in the brief window before Southern Irish regulations began squeezing cross-border note circulation in earnest.
Waterlow and Sons had a long relationship with Irish private banks, and their intaglio work on Ulster Bank issues of this period is generally competent. Known examples show a tendency toward ink offset along the lower margin, apparently a recurring feature of this specific print run rather than mishandling.