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The method I use to scan this white banknote greatly enhances the watermark.
However, it also accentuates any creases and marks that might have been.
The note appears better than it looks from the scan
Date: 1936 Sept. 29
Branch: Liverpool
Value: £100.00
No. 96/Y 23633
Signed: K. O. Peppiatt
Obv. Choice - Nice clean front
Rev. Choice - Nice clean back
Grade: Unused