How stand those possessory rights under the terms of union in 1821? It will be remembered the charter rights were not then tested. They were merged with the Northwest Company rights, and without any test a license of exclusive trade granted for twenty-one years. That license was renewed in 1838 for another twenty-one years. This term is just expiring when the Company declares it would be glad to be rid of its burden, and welcomes a Parliamentary Enquiry. At that inquiry, friends and foes alike testify. Old officers like Ellice give evidence. So do Sir George Simpson, and Blanchard of Vancouver Island, and Isbister as representative of the Red River colonists, and Chief Justice Draper as representative of Canada. It is brought out the Company rules under three distinct licenses: (1) Over Rupert’s Land or the territory of the bay proper by right of its first charter. (2) Over Vancouver Island by special grant of 1849. (3) Over all the Indian Territory between the bay and Vancouver Island by the license of 1821 since renewed. The Parliamentary committee recommend on July 31, 1857, that Vancouver Island be given up; that just as soon as Canada is ready to take over the government of the Indian Territory this, too, shall be ceded; but that for the present in order to avoid the demoralization of Indians by rival traders, Rupert’s Land be left in the exclusive control of the Hudson’s Bay Company. This is the condition of affairs when unrest arises in Red River. The committee also bring out the fact that the capital has been increased since the union of 1821 to £500,000. Of the one hundred shares into which this is divided, forty have been set aside for the wintering partners or chief factors and chief traders. These forty shares are again subdivided into eighty-five parts. Two eighty-fifths of the profits equal to $3,000 a year and a retiring fund of $20,000 are the share of a chief factor; one eighty-fifth, the share of a chief trader. This is what is known as “the deed poll.” * * * * *