Signed in 1839, the RAC–HBC Agreement created an understanding between the Russian-American Company and the Hudson's Bay Company. Typically referred to as the "lisière" (edge), a stretch of the Alaskan Panhandle from Cross Sound to 54° 40′ was given to the HBC as a fur trade monopoly in exchange for the agricultural and pastoral products produced by its subsidiary, the Puget Sound Agricultural Company, along with an annual amount of furs given to the Russian company. The lease was renewed until the end of Russian America. This lease was later brought up by the Province of British Columbia as bearing upon its own territorial interests in the region, but was ignored by Ottawa and London.