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10 Dollars Coat of arms

Issuer British North Borneo Company
Year 1940
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Reference(s) P#31
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Obverse lettering THE British North Borneo Company INCORPORATED BY ROYAL CHARTER This note is legal tender for 10 TEN DOLLARS 10 in the State of North Borneo
Reverse description Printed in blue-green, the reverse is dominated by an elaborate symmetrical guilloche design composed of interlocking geometric and floral rosette patterns radiating from a central circular medallion bearing the numeral '10' and the company name. The word 'TEN' appears three times within the guilloche framework, with 'DOLLARS' inscribed below the central medallion.
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The British North Borneo Chartered Company was one of the last functioning chartered trading companies with sovereign powers anywhere in the world by 1940 — an anachronism already being quietly wound down when this note was issued. Its currency continued to circulate until the Japanese occupation began in January 1942, after which all company notes were rendered worthless by military scrip.

The 1940-dated series represents the final prewar issue before the occupation ended company administration entirely. After liberation in 1945, British North Borneo became a Crown Colony and the company's monetary role was permanently extinguished.

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