100 Trinidad Dollars (20 Pound 16 Shillings 8 Pence)

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.