Whereas 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)* 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; 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)* and subsection 101(7)* 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, 1988**, 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. SOR/88-177, 1988 Canada Gazette Part II, p. 1662
Short Title
This Order may be cited as the Ginn and Company (Canada) and GLC Publishers Limited Acquisition of Shares Order.
Authorization
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.