5 JULY 1930, Page 37

IlunsoN's BAY.

The recent meeting of the Hudson's Bay Company was of particular interest by reason of the fact that some strong criticism was expressed by Mr. Nordon and some other share- holders, and while on a poll the report and accounts were easily approved, their acceptance had at first been defeated by a show of hands. For some time past the Court of Directors of the Hudson's Bay Company have been harassed by criticisms emanating from Mr. Nordon, and on the present occasion these have partaken of so• personal a character that it is not surprising that the Governor should have expressed his determination to ask some of the largest and most influential

(Continued on page 34.)

Financial Notes

(Continued from page 33.) shareholders to appoint a Committee to go into all the allega- tions made by Mr. Nordon.

" We are," said Mr. Sale (the Governor) at the recent meeting,

"taking this step voluntarily, and we must stipulate that if the report should be favourable to your Governor and Committee, the constant agitation which has continued for so long should be abandoned, and we should be left in peace to carry on the business of the company to the best advantage of the proprietors."