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<p>[QUOTE=&quot;kaparthy, post: 3772409, member: 57463&quot;]I am not sure what kind of &quot;state&quot; it was supposed to be. As far as I found - starting with the motto PERGO ET PERAGO - North Borneo was administered as the reserve of a private corporation. It was given over to civil government only in the wake of World War II which devastated the infrastructure beyond profitable repair and remediation.</p><p><br /></p><p><a href="https://en.wikipedia.org/wiki/North_Borneo_Chartered_Company" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://en.wikipedia.org/wiki/North_Borneo_Chartered_Company" rel="nofollow">https://en.wikipedia.org/wiki/North_Borneo_Chartered_Company</a></p><p><br /></p><p>But, it is a nice coin![/QUOTE]</p><p><br /></p>

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