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1 Dollar
| Issuer | British North Borneo Company |
|---|---|
| Year | 1940 |
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| Composition | Paper |
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| Obverse description | Printed in black and red, the note bears the Company name and coat of arms at upper centre, below which the promissory legal tender text is arranged in orderly lines. A second impression of the coat of arms appears at the lower portion of the note, reinforcing the issuing authority's heraldic identity. |
|---|---|
| Obverse lettering | The British North Borneo Company This note is legal tender for ONE DOLLAR in the State of North Borneo |
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| Comments |
The British North Borneo Chartered Company was one of the last private commercial entities in the British Empire still authorized to issue its own currency by 1940 — a privilege dating back to its royal charter of 1881. That arrangement ended abruptly when Japanese forces occupied the territory in 1941, and much of the circulating paper stock was either destroyed, lost, or rendered worthless almost overnight.
The 1940 date makes this among the final issues before occupation, which accounts for the relative scarcity of well-used examples — circulation was brief and the subsequent disruption catastrophic for surviving notes.