2. Subsequent Progress.—
(a) Governor Sir George Simpson extended posts westward to Pacific.
(b) Through his energy Britain was able to retain possession of Western Canada in spite of aggression of United States and Russia.
VI. Relinquishment of Administrative Powers:
1. Canadian Government claimed that the rule of the Company hindered development of Western Canada because it was interested only in trade.
2. Agreement with Canadian Government.—
(a) Company sold Prince Rupert's Land and gave up its trade monopoly.
(b) In return.—
(i) Received £300,000.
(ii) Retained one twentieth of land south of the Saskatchewan.