Shares of £1. black on red paper. No 6767. Folds and pin-holes. Formed 1881 by charter, to operate on similar lines to the British East India Company. To exploit resources of the territory, and establish an administration in a new capital, Sandakan. In 1888 the territory became a protectorate ofthe British Empire, but the company remained involved with the territory until 1946, when the administration was passed to the Colonial Office in London, after serious damage in WWII which the company did not have the resources to repair. Compensation was paid to the shareholders. The company's role was to expand trade, by encouraging harvesting of crops and barter trade, and establishing new plantations, also law and order (importing Sikh policemen from India), building a railway from Jesselton (now Kota Kinabalu) to Temon. The railway, originally for transporting tobacco, was destroyed in 1945 but rebuilt, and still operates. In 1963 the colony became part of the new republic of Malaysia. Shows the coat-of-arms of the company.
Themes: AGRICULTURE, CITY & STATE BONDS, RAILROADS, TOBACCO
BRITISH NORTH BORNEO, GREAT BRITAIN
Date: 9 November 1909
Startprice: € 300