7 MAY 1932, Page 36

HUDSON'S BAY.

At the recent annual meeting of the Hudson's Bay Company it was made clear that shareholders will have to exercise consider- able patience for a time longer before there is a sufficient turn in the tide to leave its mark upon the earnings of the company. Nevertheless, the shareholders displayed con- siderable confidence in the new Board, and the Governor, Mr. P. Ashley. Cooper, conveyed a very definite impression of vigour and efficiency on the part of the directorate. For the moment, however, the company has, almost of necessity, to withstand the full blast of the financial and industrial storms which are sweeping over the world,_ and which have affected Canadian prosperity in very special degree.