Editing Hudson's Bay Company (section)

==== Progression ====
In the 19th century, career progression for officers, together referred to as the Commissioned Gentlemen, was to enter the company as a fur trader. Typically, they were men who had the capital to invest in starting up their trading. They sought to be promoted to the rank of Chief Trader. A Chief Trader would be in charge of an individual post and was entitled to one share of the company's profits. Chief Factors sat in council with the Governors and were the heads of districts. They were entitled to two shares of the company's profits or losses. The average income of a Chief Trader was £360 and that of a Chief Factor was £720.<!-- convert to contemporary equivalents --><ref>{{Cite book |last1=Morton |first1=Arthur S. |title=A History of the Canadian West to 1870–71 |last2=Thomas |first2=Lewis G. |publisher=University of Toronto Press |year=1973 |isbn=978-0-8020-4033-6 |edition=2nd |location=Toronto, Ontario |page=690 |orig-year=1939}}</ref>