Image caption is taken from wording on the cup. The formal title of the championship is 'The International Fishermen's Race' and the cup is 'The Halifax Herald's International Fishermen's Trophy' -- often called simply 'The Herald Trophy'.
Reference: Tom Connors 'Old Sport' Nova Scotia Archives no. 572
Nova Scotia Archives — https://archives.novascotia.ca/bluenose/archives/
Crown copyright © 2020, Province of Nova Scotia.