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Claim: In accordance with a requirement of their original Royal Charter, the Hudson's Bay Company of Canada makes annual payments of elk and beaver pelts to the Queen of England.
Origins: In 1670,
seventeen associates (known collectively as "The Company of Adventurers") giving them the rights to "sole trade and commerce" within the entrance of Hudson Strait in North America. This charter effectively established the As described in The Hudson's Bay Company archives:
What began as a simple fur-trading enterprise evolved into a trading and exploration company that reached to the west coast of Canada and the United States, south to Oregon, north to the Arctic and east to Ungava Bay, with agents in Chile, Hawaii, California, and Siberia; a land development company with vast holdings in the prairie provinces; a merchandising, natural resources and real estate development company and, today, Canada's oldest corporation and one of its largest retailers.
The days of trapping furs and trading with Native Americans in British North America are long gone, and today the Hudson's Bay Company is known primarily as Canada's largest chain of retail
Actually, the Hudson's Bay Company's original charter did call for them to provide two elk heads and two beaver pelts to royalty, but only when said royalty came to the Rupert's Land area of Canada, not as an annual payment. This "tradition" has been observed on three occasions when royalty travelled to Canada, all of them in the twentieth century: a visit by King Last updated: 12 April 2005 Urban Legends Reference Pages © 1995-2009 by Barbara and David P. Mikkelson. This material may not be reproduced without permission. snopes and the snopes.com logo are registered service marks of snopes.com. Sources:
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seventeen associates (known collectively as "The Company of Adventurers") giving them the rights to "sole trade and commerce" within the entrance of Hudson Strait in North America. This charter effectively established the
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