 Paper mills were built at Grand Falls by the Anglo-Newfoundland Development Company, a British firm, in 1909.British entrepreneurs set up a paper mill at Corner Brook in 1925 while the Anglo-Newfoundland Development Company opened a lead-zinc mine on the Buchans River in 1927.In 1927, Britain awarded the vast, almost uninhabited hinterland of Labrador to Newfoundland rather than to Canada, adding potentially valuable new forest, hydroelectric, and mineral resources.