We have followed the history of Montreal from its discovery by Jacques Cartier in 1535, to the coming of Champlain in 1603, and his choice in 1611 of La Place Royale as the site of a future settlement, ratified by him and others for a period of many years. Still the site of the port at the Grand Sault had never become more than an annual trading port towards which it was the aim of the traders to push, at the opening of navigation, to meet the natives at this most convenient spot at the end of the Ottawa Valley. It was reserved for the new Company of Montreal, by the powers given it by their charter granted on December 17, 1640, to put this long cherished idea of a permanent settlement into realization. The various steps leading to this must now be traced. We have seen that the Company of New France, that of the Hundred Associates or Partners, was in possession of the country from 1627. Among other powers the Associates had the privilege of making certain concessions, but it was not until the death of Champlain, anticipated as we have seen during the two months' illness and more before it occurred on Christmas day, 1635, that the privilege seems to have been used under the following circumstances. [Illustration: THE FOUNDATION OF MONTREAL. THE FIRST ASSOCIATES OF THE COMPANY OF MONTREAL. (A bas relief from the Maisonneuve Monument by Philippe Hébert)] We have seen that Champlain had clearly meditated a settlement at Montreal and no doubt meant to make it his own headquarters. Circumstances had not allowed him to pursue his design. His important position at Quebec since had left him little leisure for that in the troublous times following. Still it is curious to note that his fortifications placed on Ile Ronde in 1611 seemed to have given him a lien on the site of Montreal, for we hear of no private person being granted it till after his death in December, 1635. It is only on the 15th of January, following, that such a transaction is announced at the annual meeting of the Hundred Associates in Paris, held in the house of M. Jean de Lauson, the intendant of the Company. In the edict of the establishment of this Company, in order to facilitate the exercise of his functions, the king had ordered, that as the whole of the members could not be expected to participate in the active administration of its affairs, a dozen of them could be elected directors with sole and full power under the presidency of the intendant to buy, sell and distribute the lands. In order to limit the powers of this executive, the eleventh article of the edict declared that no concession of land exceeding two hundred arpents could be valid, without the signature of twenty of the Associates made in the presence of the intendant of the Company.