Ginn and Company (Canada) and GLC Publishers Limited Acquisition of Shares Order

SOR/88-467FINANCIAL ADMINISTRATION ACT
Registration 1988-09-06
Order Authorizing the Acquisition, from Gulf + Western Industries, Inc. or any of its Subsidiaries, by the Canada Development Investment Corporation of Shares Representing Fifty-one Per Cent of a Corporation To Be Created which will own the Businesses of Ginn and Company (Canada), Formerly a Division of Xerox Canada Inc., and GLC Publishers Limited
P.C. 1988-1943 1988-09-01Whereas the Canada Development Investment Corporation is a parent Crown corporation within the meaning of the Financial Administration Act;
And Whereas the Governor in Council, pursuant to subsection 101(6)Footnote * of the Financial Administration Act, is satisfied that the Canada Development Investment Corporation is otherwise empowered under the Canada Business Corporations Act to undertake the transaction described in the annexed Order;
Return to footnote *S.C. 1984, c. 31, s. 11
Therefore, Her Excellency the Governor General in Council, on the recommendation of the President of the Privy Council and the Treasury Board, pursuant to paragraph 101(1)(b)Footnote * and subsection 101(7)Footnote * of the Financial Administration Act, is pleased hereby to revoke the Ginn and Company (Canada) Acquisition of Shares Order made by Order in Council P.C. 1988-459 of March 10, 1988Footnote **, and to make the annexed Order authorizing the acquisition, from Gulf + Western Industries, Inc. or any of its subsidiaries, by the Canada Development Investment Corporation of shares representing fifty-one per cent of a corporation to be created which will own the businesses of Ginn and Company (Canada), formerly a division of Xerox Canada Inc., and GLC Publishers Limited, in substitution therefor.
Return to footnote **SOR/88-177, 1988 Canada Gazette Part II, p. 1662Short Title

1 This Order may be cited as the Ginn and Company (Canada) and GLC Publishers Limited Acquisition of Shares Order.

Authorization

2 The Canada Development Investment Corporation, a corporation incorporated under the laws of Canada, is hereby authorized to acquire from Gulf + Western Industries, Inc. or any of its subsidiaries, shares representing 51 per cent of a corporation to be created which will own the businesses of Ginn and Company (Canada), formerly a division of Xerox Canada Inc., and GLC Publishers Limited.