拍品專文
The Anglo-Newfoundland Development Company Ltd. was founded by journalist and newspaper proprietor, Alfred Harmsworth, later Lord Northcliffe. Anticipating the possible shortage of raw material in Europe, Harmsworth began looking to the colonies for supplies. Mayson Beeton was commissioned to investigate areas in Newfoundland and after several months settled on the Exploit River region at Grand Falls. The Anglo-Newfoundland Development Company was incorporated in 1905 when it acquired 2,300 square miles together with the water powers on the Exploits River. In 1909, the Pulp and Paper Mills at Grand Falls were formerly opened, marking the beginning of a new chapter in Newfoundland's industrial history and commercial development.