DOMINION LEGISLATION—CANADA 837 A copy of the balance sheet and auditors’ report is to be delivered to each shareholder and to the minister at least ten days before the holding of the annual general meeting. The managing director, manager or secretary must prepare annually and forward to the minister a statement as to the financial position and affairs of the company’; such statement to be certified by the auditors. All trust companies must have at least 100,000 dollars unimpaired paid up capital before transacting business. Amending Act, No. 22 of 1914 provides 4hat when cancellation, revocation or surrender of Letters Patent is accidental, the Lieutenant-Governor may permit their renewal. [t also empowers a company to dispose of its undertaking or any part of it for such consideration as it thinks fit including shares of another company having similar objects, if authorised by the votes of a majority of the shareholders holding not less than two-thirds of the issued capital stock of the company. Amending Act, No. 23 of 1914 makes provision for the re-issue of redeemed shares, and exempts a by-law passed for the redemption of preference shares from being subject to confirmation by the shareholders unless the by-law also provides for cancellation of the shares so redeemed. Amending Act, No. 12 of 1917 enacts that any company duly incorporated under the law of Manitoba has the right to exercise its powers outside the Province and to accept extra-Provincial rights and powers. A special Act, No. 24 of 1914 deals with companies incorporated under private Acts of the Legislature of Manitoba, and the Company Fees Act, No. 21 of 1914, provides for increased fees on an increase of capital. Amending Act, No. 35 of 1924 enacts that letters patent may provide for the issue of shares of the capital stock with no par value except in the case of preferred stock having a preference as to principal, in which case the letters patent shall state the amount of such stock, its particular character and the amount of each share thereof which shall be 5 dollars or some multiple of 5 dollars, but shall not in any case exceed 100 dollars. The Act also gives power to form or reorganise companies with shares of no par value. Any two companies with the same or similar objects may, with the approval of the Lieutenant-Governor-in-Council, amalgamate. The agreement to so amalgamate must be passed by a two-thirds majority of the shareholders, after which application must be made to the Lieutenant-Governor for letters patent which shall be published in the Manitoba Gazette. Powers are given to sell or dispose of the undertaking of a company provided the resolution is passed by a majority in number of shareholders holding not less than two-thirds of the issued capital of the companv 2 1)