The Royal Charter incorporated the British North Borneo Company. Its territorial powers rested on the grants obtained from the Sultans of Sulu and Brunei, the basis discussed in Parliament the following year.
Sources & further reading
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The Company charter debated in the House of Lords
UK Parliament · Historic Hansard
HL Deb, 13 March 1882, vol. 267, cols. 708–724, ‘British North Borneo Company (Charter).—Observations’; Earl Granville, cols. 715–717; Earl of Carnarvon, col. 721.