Catalog
1 Dollar Small frame
| Issuer | The British North Borneo Company |
|---|---|
| Year | 1927 |
| Type | Standard circulation banknote |
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|---|---|
| Obverse lettering | The Treasury Sandakan The British North Borneo Company Promise to pay the Bearer the sum of ONE DOLLAR on demand |
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| Reverse lettering | ONE DOLLAR ONE 1 |
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| Comments |
The British North Borneo Company held one of the last functioning chartered company administrations in the world when this note was printed — a relic of Victorian-era commercial colonialism still exercising sovereign currency powers well into the twentieth century. Waterlow & Sons produced the plates in London, though the notes circulated across a territory governed more like a corporate estate than a Crown colony.
The "small frame" designation distinguishes this from the earlier large-frame issues of the same denomination — a reduction reflecting revised printing economics rather than any monetary policy change. The Company's administration ended abruptly in 1941 with the Japanese invasion.