1 Dollar Red and grey

British Honduras in 1895 was still operating under a currency system tied to the Mexican dollar, which had been the dominant trade coin in the region for decades. The colonial government's decision to issue its own paper currency in this period was partly a response to the volatility of Mexican silver — the peso had been depreciating steadily against gold-standard currencies, and merchants conducting business with British firms were taking losses on exchange.

De La Rue produced the series to a high standard, as was consistent for colonial government contracts of this type. Pick 8 is among the earliest surviving paper issues for the territory, and examples that passed through active commerce in Belize Town show considerable wear — the humid climate was hard on paper currency.