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The Canada Company was established by British Parliament in 1825 for the purpose of obtaining land in Canada and promoting its sale to prospective settlers. It continued to exist until 1953.
An organizational meeting of the company took place before its founding, at the London Tavern in London, England. The aim of the company was to obtain land in Canada and to promote its sale to prospective settlers. The Company received nearly 2.5 million acres. 1.1 million acres comprised the Huron Tract which became the Huron District in 1834. The remainder of the land, including the Halton and Wilmot Blocks, were allotted crown reserves throughout the Province.
In 1951 the company decided to close their activities in Canada. Official business in Canada was terminated by December 24, 1951, and the company ceased to exist in England by December 18, 1953.
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Rev. Apr/12.