Nordic Company (Noordse Compagnie)

   Commercial company, founded in 1614 by a charter of the States General, that had a whalingmonopoly in the region between Novaya Zemlyaand the Davis Strait, including Greenland. On Spitsbergen, a settlement was founded for the production of whale oil. The company was dis continued in 1642, after which, whaling was open to all until inter national whaling conventions took precedence.

Historical Dictionary of the Netherlands. . 2012.

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