North Borneo

Yet that would be a fairly close parallel to what the chartered company is doing in British North Borneo.

Though the chartered company has ruled in North Borneo for more than forty years, it has only nibbled at the edges of the country.

For, mark you, the chartered company did not go to North Borneo from any altruistic motives.

But the heartiest applause invariably greets the announcement that the North Borneo Company has declared a dividend.

A different explanation of why the sky went up is current in British North Borneo.