King Charles II issues a Charter to Prince Rupert and “the Company of Adventurers of England trading into Hudson Bay,” giving them a monopoly over all the trade in this area. The Charter declares the Company’s intent is: “for the discovery of a new Passage into the South sea and for the finding of some Trade for Furrs Mineralls and other considerable Commodityes …” This creates Rupert’s Land, defined as all the land drained by rivers flowing into Hudson Bay. In all, it comprises nearly 40 percent of what is now Canada, plus much of what is now Minnesota and North Dakota. In return, as part of the rent ceremony, the Company pays the Crown two elk and two black beaver “which shall be made whenever and as often as we or our heirs shall happen to enter the countries, territories or regions hereby granted.” The ceremony will take place only four times.
Later in the year, HBC appoints Charles Bayley as Governor of Rupert’s Land (sometimes called the Inland or Overseas Governor). He travels aboard the Wivenhoe with Radisson to establish a post at Nelson River