Retailer reduces Cartwright land lease to $1 a year: residents say North West Company should just hand the land over to them
In Cartwright, Howard’s parents gifted them their former home as a wedding present. But the home was located on what was then land owned by the Hudson’s Bay Company , the former fur-trading operation and oldest corporation in Canada. She went on to say the British Crown originally provided a deed to HBC for several parcels of land in 1920 for a nominal fee of 30 cents.
After a couple of weeks, NWC’s vice-president of corporate development replied to Pardy to say the company was going to reduce the fee to a token $1 annually."I can assure you NWC has no plans to increase the annual rate,” Cole Akerstream wrote from the company’s headquarters in Winnipeg. “Regarding a transition of ownership, this request has not been contemplated at this time.
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