British North Borneo, 1887 AD., Heaton mint, Birmingham, 1 Cent, KM 2.

British North Borneo, British protectorate, Heaton mint, Birmingham, 1887 AD.,
1 Cent (29,6 mm / 9,22 g), mintage 6,000,000 ,
Obv.: PERGO ET PERAGO / H / 1887 , supported arms flanked by natives, motto on ribbon beneath, mint mark H above date in exergue.
Rev.: BRITISH NORTH BORNEO Co // 海 / 元 / ONE CENT / 一 / 分// حد سنت , value in English and Chinese characters in wreath, in Malay-Arabic below.
KM 2 .

North Borneo was a British protectorate under the sovereign North Borneo Chartered Company from 1882 to 1946.
In 1865, the United States Consul to Brunei, Charles Lee Moses, obtained a 10-year lease for the territory of North Borneo from the Sultan of Brunei. However, the post-Civil War United States wanted nothing to do with Asian colonies, so Moses sold his rights to the Hong Kong-based American Trading Company of Borneo owned by Joseph William Torrey, Thomas Bradley Harris, Tat Cheong and possibly other Chinese merchants.
In 1888, North Borneo became a protectorate of Great Britain, but its administration remained entirely in the hands of the North Borneo Chartered Company, with the crown reserving only control of foreign relations.
After the war it became a crown colony of the United Kingdom from 1946 to 1963, known in this time as British North Borneo. It is located on the northeastern end of the island of Borneo. It is now the state of Sabah, East Malaysia.