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British North Borneo Company

British company

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The British North Borneo Company was a British corporation that governed the territory of North Borneo (now Sabah, Malaysia) from 1881 until 1941. The company's rule was characterized by a focus on developing an extractive economy for its shareholders, primarily through Western-owned tobacco and rubber estates and forest exploitation.123

Despite facing prolonged resistance and occasional local revolts, the company established the economic, administrative, and political framework of contemporary Sabah. While the company was only moderately prosperous due to high overhead and poor management, its 60 years of rule significantly impacted the region. The British administration eventually brought peace and security, though many villagers were affected by colonial taxes and shifted to cash-crop farming, making their economic well-being subject to world commodity prices.312

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