Business Career
Sir Montague rose to Deputy Chairman of the Allan Steamship Line, retiring from the family business in 1912. By then he was President of the Royal Securities Corporation, Acadia Coal Company, the Canadian Rubber Company, the Canadian Paper Company, and the Ritz-Carlton Hotel, which he co-founded. He was a director and the President of the Merchant's Bank of Canada (which had assets of $190 million in 1921) during its amalgamation into the Bank of Montreal in 1922. He also served as a Councillor and Treasurer of the Montreal Board of Trade.
He served on the Board of Directors of several major companies including: Canada Steamship Lines; Royal Trust Company; Montreal Light, Heat & Power; Montreal Rolling Mills Company, the Montreal Street Railway Company, the Montreal Light;, the Ogilvie Flour Mills Company; the Montreal Investment Trust and The Guarantee Company of North America.
Read more about this topic: H. Montagu Allan
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