Sir Max Aitken, 2nd Baronet the birth of the Cowes Torquay Offshore Powerboat Race, with the aim of improving the breed of sea-going fast cruisers and safety at sea. The Cowes Torquay will celebrate in 2010 the 50th year since Aitken founded it. Aitken, with the sponsorship of his newspaper the Daily Express, helped to found the London International Boat Show in 1954 at the Empire Hall, Olympia. Aitken married three times: He succeeded his father as Baron Beaverbrook on the latter's death on 9 June 1964, but disclaimed the title three days later on 12 June, stating that "there shall only be one Lord
Max Aitken, 1st Baron Beaverbrook Gazette". In 1907 he founded the Montreal Engineering Company. In 1909, also under the umbrella of his Royal Securities Company, Aitken founded the Calgary Power Company Limited, now the TransAlta Corporation, and oversaw the building of the Horseshoe Falls hydro station. In 1910–1911 Aitken acquired a number of small regional cement plants in Canada, including Sandford Fleming's Western Canada Cement Co. plant at Exshaw, Alberta, and amalgamated them into Canada Cement, eventually controlling four-fifths of the cement production in Canada. Canada was booming economically at the time, and Aitken had a monopoly on the material. There were irregularities in the