Straits Settlements, a former British crown colony situated on the Malay Peninsula of Asia, was formed in 1826 by combining the territories of Singapore, Penang and Malacca. The colony was administered by the East India Company until its abolition in 1858. Straits Settlements was a part of British India from 1858 to 1867 at which time it became a Crown Colony. The Straits Settlements coinage gradually became acceptable legal tender in the neighboring Federated as well as the Unfederated Malay States. The Straits Settlements were dissolved
in 1946, while the coinage continued to circulate until demonetized at the end of 1952.