KO Peppiatt was one of the longest serving Chief Cashiers at the Bank of England in the modern period. He served from 1934 until 1948. During that time there were 4 different varieties of the Britannia £1 note. The fourth and last variety was issued in September 1948, just 6 months before he stepped down to become an Executive Director of the bank. The Fourth Issue follows the regular Britannia £1 design except an embedded metal security thread is included (B260) Available in Crisp Good Fine-VF.