Lot Essay
This very rare subject seems to be unrecorded, though it appeared on a tea caddy in the P.H.B. Frelinghuysen collection, sold Christie's, New York, 24 January 2012, lot 96. Its flag may represent either the Hudson Bay Company, granted royal charter to trade furs in 1670, or the King's Colors as used in the 18th century for both military and merchant ships.