[11][12][13] In 1832 Ellice, together with Nathaniel Gould, was responsible for the largest land deal in Lower Canada, when the British Government sold, for £110,321, over one million acres in the Eastern Townships to the British American Land Company, of which Ellice was a director.
Ellice was involved with the British Bank of North America and attended their second meeting of directors.
Ellice was also a Governor of the North American Colonial Association of Ireland and subsequently its Chairman.
Russell Ellice as Chairman of the East India Company, was responsible for nearly a fifth of the world's population covering approximately a million square miles of the Indian sub-continent.
The British American Land Company, of which he was a Director, had in excess of a million acres of land, whilst Edward Ellice, Lower Canada's largest absentee landowner,[17] was also a Director of the Hudson's Bay Company, which owned over three million square miles of North America.