Labuan was formally taken possesion by Captain G.R. Mundy, commanding the H.M.S. Iris in the name of the British Empire and thus became a colony of the Empire. This historic marker denotes the date as December 24th 1846, is found near the Labuan Square. Labuan is the Malay translation of 'anchorage' or 'to berth' denoting it's importance as a stopover port for products originating from Borneo. Labuan, Malaysia, 2004.