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A TOTALLY AMATEUR BANKNOTE COLLECTOR
Monday, 31 December 2012
THE BRITISH LINEN BANK
The British Linen Bank was a commercial bank based in Edinburgh, Scotland. It was acquired by the Bank of Scotland in 1969 and served as the Bank's merchant bank arm from 1977 until 1999.
The Bank's former Head Office in St. Andrew Square, Edinburgh, now offices of the Bank of Scotland.
The Bank traces its roots to the creation of the British Linen Company which was formed in 1746 by a Royal Charter from King George II. Although a Scottish organisation, the prefix "British" was used instead of Scottish due to the suspicion aroused by all things Scottish after the Jacobite Rising of 1745. The initial aim of the Company was to promote the linen industry, although it soon moved into banking and issued its first notes in 1747.[1] In 1837, the Company acquired the Paisley Banking Company.
Originally based in Edinburgh, the Company began to expand throughout Scotland, opening 9 branches outside the capital. In 1906 it formally changed its name to the British Linen Bank.
( Wikipedia )
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