| Notes |
In 1925, following two years of another Liberal government, led by Pierre-Jean Veniot, John Babington Macaulay Baxter*’s Conservatives took power, a victory that was decisive for the forest industry. Fraser, a staunch Tory, fellow lumber magnate Angus McLean, and a representative of International Paper were able to pressure the new regime into changing the terms for leases of crown lands to their advantage. According to historian Christopher S. Beach, by 1930 Fraser Companies Limited was International Paper’s “sole partner in oligopoly” in the province. FCL and its various divisions were now the leading leaseholders of crown land, and between them FCL and International Paper controlled the industry. |