The section deals not only with the acquisition of shares hut with the acquisition of securities as well. Altogether apart from the aid that is now being afforded, it might be possible at some time in the future, and before the companies are all amalgamated into one, that the Canadian Northern railway would have to make advances to one of the subsidiary companies for the purpose of enabling the line to be put in better condition or for the purpose of enabling it to extend its system-. In that case this section provides that either by the transfer of shares, or by the transfer of securities to be issued by the subsidiary companies, the Canadian Northern Railway Company can deal with the situation and can make the advances necessary for the purpose. That is one object that strikes me at the moment. It is
impossible to foresee all contingencies. I dare say there may be other contingencies which might suggest themselves if one were thoroughly conversant with the operations of railway companies.
Subtopic: CANADIAN NORTHERN RAILWAY AGREEMENT.