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Nine £1 million notes were issued in connection with the Marshall Plan on 30 August 1948, signed by E. E. Bridges, and were used internally as "records of movement" for a six-week period, along with other denominations, with total face value of £300 million, corresponding to a loan from the U.S. to help shore up HM Treasury. These were ...
This is particularly true in the case of the Royal Bank of Scotland 's £1 note, which is the only £1 note to remain in circulation within the UK. [98] In 2000, the European Central Bank indicated that, should the United Kingdom join the Euro, Scottish banks (and, by extension, Northern Irish banks) would have to cease banknote issue. [99]
The banknotes issued by commercial banks in Scotland and Northern Ireland are required to be backed pound for pound by Bank of England notes. High denomination notes, for £1 million ("Giants") and £100 million ("Titans"), were used for this purpose. [53] They were used only internally within the Bank and were never seen in circulation. [53]
The £100 million note (nicknamed "Titan" simply because of its titanic value) backs the value of common circulating notes (£1, £5, £10, £20, £50, and £100 notes) issued by the six commercial banks in Scotland (Bank of Scotland, Royal Bank of Scotland, Clydesdale Bank) and Northern Ireland (Bank of Ireland, Danske Bank and Ulster Bank).
The 1954 film The Million Pound Note was based on this short story, and starred Gregory Peck as Henry Adams The 1968 BBC TV adaptation, The £1,000,000 Bank Note , starred Stuart Damon The 1983 comedy film, Trading Places , features elements from both the short story and Twain's novel, The Prince and the Pauper
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The Million Pound Note is a 1954 British comedy film directed by Ronald Neame and starring Gregory Peck, Ronald Squire, Wilfrid Hyde-White and Jane Griffiths. It is based on the 1893 Mark Twain short story "The Million Pound Bank Note", and is a precursor to the 1983 film Trading Places. [2] It was shot at Pinewood Studios and on location ...
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