Word: patrick
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Dates: during 1940-1949
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...proprietors (stockholders) heard the 30th governor, Sir Patrick Ashley Cooper, report: "The fall in net profits (from ?1,717,397, to ?1,068,803) is largely due to the sharp fall in inventory prices in the fur trade. . . . The directors anticipate . . . some further downward adjustment. . . ." But Sir Patrick was confident. The company, he said, was well on the way to re-establishing London's eminence in the world's fur markets; the future looked bright...
Britons hold 95% ot the company's 2,492,224 ordinary shares. Few shares are Canadian-owned, although the bulk of the company's business is in Canada. Between the stockholders in Britain and the operating personnel in Canada, Sir Patrick is the chief link...
...Company. A Scottish-born financier (director of the Bank of England), he was new to the old company when in 1931 he was called to be its governor to get it out of a financial jam. Today, Sir Patrick, 59, a big man with a glowing pink complexion, white toothbrush mustache and shaggy grey eyebrows, knows first-hand the many-sided operations of the company better than any of his predecessors. This week he is in Canada, to add to his knowledge...
...until Sir Patrick gets to Hudson's Bay House in Winnipeg will he decide just where to visit. Then, says he, "All I have to do is to grab my hat and hop in a plane. The boys know I don't need much out there." Out there, "the Bay," as the company is known, has more than 200 trading posts for the governor to choose from...
...information was compiled by Richard G. Axt '46, past president; Patrick D. Dailey '50, and Michael Rothenberg '49, summer Council representatives...