The "early Royals" are Bar action guns and not a back action design.
If the gun in question happens to be the one that Steve Barnett has for sale, it is an unusual gun indeed, Dallas states that some of the early No. 2 hammerless guns utilised the same patent as the early dipped edge royals, the same cocking method but different actions, a bar action vs a back action. the gun that Mr. Barnett owns is a back action gun with a royal grade finish and engraving and engraved as such, if dis assembled it should have the
cocking levers associated with patent No. 23 and be cocked by the fall of the barrels if Mr Dallas is correct.
I have had a few email discussions with Mr Dallas about this subject because I own a very early No. 2 Hammerless that is built on the perkes patent 1968 and not on patent No. 23. I have to say I did not really beleive his statement until that gun showed up for sale at Barnett's. a rare gun indeed but be careful of an upgrade that may have been done long after it left Holland's. so you will need to get the serial number and inquire at H&H in new york, ask for David Cruz
See this link
http://www.gunsinternational.com/HOLLAND-HOLLAND-ROYAL-EJECTOR-16-GAUGE.cfm?gun_id=100142226Mr. Barnett's example is in the 29000 serial range which would put it in the year 1915 - 22
H&H