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| Issuer | Royal Bank of Canada |
|---|---|
| Year | 1920 |
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| Composition | Cotton paper |
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| Obverse lettering | THE ROYAL BANK OF CANADA WILL PAY TO BEARER ON DEMAND AT PORT OF SPAIN TRINIDAD 100 TRINIDAD DOLLARS THE EQUIVALENT OF £20-16-8 Port of Spain Trinidad January 2nd 1920 THE SUM OF ONE HUNDRED DOLLARS IN TRINIDAD CURRENCY BEING THE EQUIVALENT OF TWENTY POUNDS SIXTEEN SHILLINGS AND EIGHT PENCE REDEEMABLE ONLY IN TRINIDAD GENERAL MANAGER PRESIDENT AMERICAN BANK NOTE CORPORATION |
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| Reverse lettering | ONE HUNDRED TRINIDAD DOLLARS THE EQUIVALENT OF £20-16-8 THE ROYAL BANK OF CANADA DIEU ET MON DROIT AMERICAN BANK NOTE CORPORATION |
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| Comments |
The Royal Bank of Canada operated in Trinidad from 1902 and issued locally denominated notes to service both retail and commercial trade on the island. This 100 Trinidad Dollar note carries the sterling equivalent — £20 16s 8d — because the colony's currency was legally pegged to sterling and merchants routinely settled accounts in both systems. The dual denomination was a practical necessity, not a ceremonial flourish.
H.S. Holt was Royal Bank's president from 1908 to 1934 and one of the most powerful figures in Canadian finance of the period. His signature appearing on a Caribbean colonial branch note is a reminder of how directly centralized that bank's authority was — branch managers countersigned, but presidential authorization ran through Montreal.