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Development strategies of British North Borneo Chartered Company, 1882-1910: The court of directors and shareholders

Tsuzuki, Kazuko (2014) Development strategies of British North Borneo Chartered Company, 1882-1910: The court of directors and shareholders. In: 23rd International Conference of Historians of Asia 2014 (IAHA2014), 23 - 27 August 2014, Alor Setar, Kedah, Malaysia.

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Large-scale plantation development in Sabah, Malaysia, originates with the British North Borneo Chartered Company’s (BNBCC’s) rule. Although the cash crop may change, Sabah will continue prospering from its large-scale plantations. Therefore, clarifying its early development strategies is significant.Despite preceding studies, in the early years of development strategies by BNBCC are still unclear, especially from the shareholders’ viewpoint.BNBCC was regulated by the Royal Charter.However, few know that it was also regulated by the Deed of Settlement of 1882, and its subsequent amendments. According to this Deed of Settlement, the decision maker for development strategies was the Court of Directors.Shareholders could elect, reelect and remove directors and could propose development strategies at general meetings. Shareholders had the greatest influence on the Court of Directors from the depression of the 1890s to 1910. At general meetings, for instance, shareholders proposed improvement of infrastructure -telegraph and railway systems; they suggested the cultivation of rubber as a new cash crop. This presentation aims to identify (1) the development strategies from 1882 to 1910 and (2) the reason why the development strategies changed so dramatically during the 1890s’ depression. The main sources for this presentation are published books, preceding research papers, and BNBCC documents held in the archives of the Government of Sabah, Kota Kinabalu.In brief, this presentation shows why the Court of Directors and shareholders chose active development strategies rather than the sale of BNBCC during the 1890s’ depression.

Item Type: Conference or Workshop Item (Paper)
Additional Information: ISBN 978-967-0474-76-2 Organized by: Universiti Utara Malaysia and Malaysian Historical Society (Persatuan Sejarah Malaysia).
Uncontrolled Keywords: Globalization, The Deed of Settlement of 1882, and its subsequent amendments,The depression of the 1890s, The Court of Directors, Shareholders
Subjects: D History General and Old World > DS Asia
Divisions: School of International Studies
Depositing User: Mrs. Norazmilah Yaakub
Date Deposited: 16 Jun 2015 06:59
Last Modified: 26 May 2016 01:47

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