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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).
Banknotes issued by Scottish and Northern Irish banks have to be backed pound for pound by Bank of England notes (other than a small amount representing the currency in circulation in 1845), and special £1 million and £100 million notes are used for this purpose. Their design is based on the old Series A notes. [59] [94]
A 1916 Hungarian silent film The One Million Pound Note, directed by Alexander Korda. An American TV adaptation, the 18th episode of Your Show Time, aired on NBC Television on May 20, 1949. 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 ...
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. [52] They were used only internally within the Bank and were never seen in circulation. [52]
£100 note: £100: in circulation Issued by Scottish and Northern-Irish banks only. £1,000,000 note: £1,000,000: non-circulating Also known as a "Giant". Used as backing for banknotes issued by Scottish and Northern Irish banks when exceeding the value of their 1845 reserves. The amount to be covered is over a billion pounds. [12]
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 ...
The pound (sign: £) is the main unit of sterling, [ 4 ] and the word pound is also used to refer to the British currency generally, [ 5 ] often qualified in international contexts as the British pound or the pound sterling. [ 4 ] Sterling is the world's oldest currency in continuous use since its inception. [ 6 ]
Charles L. Webster (US) Chatto and Windus (UK) Publication date. 1893 [1] Publication place. United States. Pages. 311. The £1,000,000 Bank Note and Other New Stories is an 1893 collection of short stories by American writer Mark Twain .