King Charles II of England grants a permanent royal charter to the Hudson’s Bay Company on May 2, 1670. The company was composed of a group of French explorers and the charter gave it the right of "sole trade and commerce" control of today's Canada entire Hudson Bay drainage basin.
The royal charter and naming the territory Rupert's Land, after his cousin Prince Rupert of the Rhine, the company's first governor. The Hudson’s Bay Company (HBC), is the oldest continually operating company in the world. More
Rupert's Land © 2004 Matthew Trump, CC BY-SA 3.0, via Wikimedia Commons
