1 Dollar

British Honduras issued no paper currency of its own before 1894 — the colony had relied on British coins, Guatemalan reales, and various foreign specie in circulation simultaneously. P#1 is the founding note of a domestic paper system, introduced partly to address the chronic shortage of small-denomination coin in Belize Town and the logging camps of the interior.

De La Rue produced the series in London on watermarked paper, their standard approach for colonial currency work of the period. Surviving examples from this first issue are genuinely rare; the tropical climate of British Honduras was brutal on paper, and the colony's small population meant print runs were limited from the outset.