[1] Holland was a merchant of the Staple, and probably a member of the Mercers' Company, London.
Holland was elected the first governor, and ultimately possessed seventy-four shares.
One of the directors was James Foulis, with whom Holland had been associated in a scheme for introducing the manufacture of Colchester baizes into Scotland in June 1693.
In recognition of his services, the company presented him with a silver cistern, which in his will he directed to be reserved as a family heirloom.
With his son Richard he drew up a scheme for the establishment of a bank in Ireland.