The Catholic Church was given "en seigneurie" large and valuable tracts of land estimated at nearly 30% of all the lands granted by the French Crown in New France. In 1633, Cardinal Richelieu granted a charter to the Company of One Hundred Associates, which had been created by the Cardinal himself in 1627. This gave the company control over the booming fur trade and land rights across the territory in exchange for the company supporting and expanding settlement in New France (at the time encompassing Acadia, Quebec, Newfoundland, and Louisiana). Specific clauses in the charter included a requirement to bring 4000 settlers into New France over the next 15 years. The company largely ignored the settlement requirements of their charter and focused on the lucrative fur trade, only 300 settlers arriving before 1640.