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An assortment of cash books and account books found in this fonds

Record No: mha00000241
Title: Lake and Lake fonds
Dates: 1896-1932
Location: Bank 36, shelves 3 and 4
Creator: Lake and Lake (Firm)
Extent: 1 m of textual records
Organization: Arranged in 5 series: Ledgers, 1898-1921; Cash Books, 1919; Account Books, 1896-1897; Day Books 1901-1932; Miscellaneous documents, 1921-1925.
Source of Supplied Title: Title based on contents of the fonds
Restrictions: No restrictions
Adm. Hist/Bio. Sketch: Lake and Lake, a Newfoundland family firm, spans several centuries of Newfoundland history. The Lakes came to Fortune Bay from England in the 1700s. Various branches of the family who emigrated to the island fished, outfitted banking schooners, and engaged in businesses that included a boot and shoe factory, a canning enterprise, and a furniture store in the town of Fortune.
     In 1908, Harold Bertram (H.B.) Clyde Lake established a business with A.W. Lake under the name of Lake and Lake. A.W.'s brother, Harry, joined the company after 1912. The Lakes were brokers and commission agents who operated a large general store and outfitted both inshore and Grand Banks fishermen. Initially the Lake firm also owned and operated a fleet of banking schooners, including the Eileen Lake, Alcyone, Margaret Lake, Russell Lake, Spencer Lake, Dorothy F. Sarty, and the W.E. Knock. Lake and Lake were sub-agents for Liverpool, London, and Globe Insurance Co. and Lloyd's of London.
     In 1932, H.B. Clyde Lake set up a salt fish exporting business in St. John's (H.B. Clyde Lake Ltd.) As an exporter, the firm paid cash for the outport storekeepers' fish and sold them salt at near cost to retain clients. H.B. Clyde Lake Ltd. prospered even in the declining years of the salt fish trade, importing salt from Spain and the Turks and Caicos Islands and exporting fish to countries all over the world. By the mid-1940s, the company was the single largest salt fish exporting firm in Newfoundland.
     When frozen fish began to displace the saltfish industry in the late 1940s, H.B. Clyde Lake Ltd., now managed by Lake's son Spencer, diversified and expanded its operations. The company acquired a processing plant at Gaultois (1952), along with Bonavista Cold Storage Ltd. (with plants at Bonavista, Grand Bank, and Fermeuse), Fortune Fisheries Ltd., and a frozen fish plant at Englee. In 1984, after the firm was reorganized as the Lake Group, the industry restructured and the Lake plants were acquired by Fishery Products International (FPI).
Scope and Content: Fonds consists of the records of Lake and Lake, including various account books that provide insight into the financial aspects of the business. The ledger for 1898-99 belongs to P.E. and C. Lake, a business which included H.B. Clyde Lake's father, Philip E. Lake
Terms Governing Use: Copyright expired.
Associated Material: Harold L. Lake fonds
Associated Material: Harold L. Lake Photograph Collection
Custodial History: Unknown.
Finding Aids: MHA finding aid 91
Subject: Merchants Newfoundland Fortune.
Subject: Cod fisheries.
Subject: Salt fish industry.
Subject: Fortune (N.L.)
Subject: Business records.
Authors_Personal Name: Lake, H. B. Clyde (Harold Bertram Clyde) 1884-1965

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