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The land department has control over 2,000,000 unsold acres remaining from the original grant. The company owns oil lands, operates a fleet of 86 ships. In recent years it has gone extensively into business in Newfoundland where it bought Job Bros. & Co., owners of the only sal mon factory ship in the world. From Newfoundland Hudson's Bay Co. ships annually to England some 1,250,000 Ib. of famed "Hubay" salmon, the most popular imported brand in Great Britain.
Dominion over this empire of fur, stores, fish and land rests upon a Governor, a Deputy Governor and a Committee of five in London, where the company has its home office. A Canadian committee was established in 1931 under George William Allan of Winnipeg, president of Great West Life Assurance Co. Capitalized at £4,492,224, Hudson's Bay Co.'s stock is closely held in England and Scotland, the members of Mr. Allan's Canadian committee being practically the only outside shareholders.
The Governor of Hudson's Bay Co. is tall dour Major Patrick Ashley Cooper, London financier who won his spurs in South American utilities. Educated at Cambridge, a veteran of the Royal Field Artillery, he is a director of the Bank of England. Bold, progressive, energetic, he was last week on his way to visit Hudson's Bay Company's arctic posts, the first Governor ever to do so in the company's history.