Provinces and territories of Canada north-west of the Canadian colony, known as Rupert's Land and the North-Western Territory and assigned them to the Hudson's Bay Company. In 1870, the company relinquished its claims for £300,000 ($1.5 million), assigning the vast territory to the Government of Canada. Subsequently, the area was re-organized into the province of Manitoba and the Northwest Territories. The Northwest Territories were vast at first, encompassing all of current northern and western Canada, except for the British holdings in the Arctic islands and the Colony of British Columbia; the Territories also included the northern two-thirds of Ontario and Quebec, and almost all of
Legislative Assembly of the Northwest Territories 1967 the Carrothers Commission moved the territorial capital from Ottawa to Yellowknife and for the first time elected members represented all parts of the territories. In 1975 the Legislative Assembly became fully elected, and the first elected speaker since 1905, David Searle, presided over the Assembly. Commissioner John Parker gave up his powers of running the executive council and appointed George Braden as leader of the Government and the first Premier since 1905. The model of responsible government that was used this time around was known as Consensus government. The executive council or cabinet forms government while all the regular