Hudson's Bay Company Royal Charter sells for $13 million in Canada

Canada's founding Hudson's Bay Company Royal Charter sold for $13 million. The 1670 document will be donated to Canadian museums and archives. The 355-year-old charter, which granted the company vast powers over Canadian territory, was sold after the corporation filed for bankruptcy. Firms owned by the Weston and Thomson families made the winning bid. The charter, which survived the Blitz, will be jointly held by several Canadian institutions. A court must approve the sale, which includes a donation for stewardship and public education.