THE CANADIAN NORTHERN RAILWAY EXPRESS COMPANY, LIMITED (Included in "Canadian National Railway Company" from June 11, 1956)
THE CANADIAN NORTHERN RAILWAY EXPRESS COMPANY, LIMITED (included in "Canadian National Railway Company" from June 11, 1956) INCORPORATED: November 18, 1910 - Dominion Letters Patent. HISTORY: Under Dominion Letters Patent dated November 18, 1910, "The Canadian Northern Railway Express Company, Limited" was incorporated to act as a holding company for The Canadian Northern Express Company and The Canadian Northern Transfer Company, Limited. AMALGAMATION: On June 11, 1956, Canadian National Railway Company, The Canadian Northern Railway Express Company, Limited and 16 other companies were amalgamated into one company under the name "Canadian National Railway Company". By Agreement dated May 17, 1956 the Company amalgamated with and under the name of "Canadian National Railway Company." This Agreement was approved by Order in Council P.C. 1956-772 dated May 17, 1956, and deposited with the Secretary of State of Canada on June 11, 1956, the effective date on which the Company ceased to exist. PROPERTY INVESTMENT: Nil. INVESTMENT IN AFFILIATED COMPANIES: Prior to Amalgamation on June 11, 1956: Stock % (Book Value) Owned Canadian National Express Company $1,000,000 100% Canadian National Transfer Company 500,000 100% CAPITAL STOCK: Prior to Amalgamation on June 11, 1956: Authorized: 10,000 shares - $100 $1,000,000 Issued: 10,000 shares - $100 1,000,000 All owned by The Canadian Northern Railway Company. Under the terms of Amalgamation Agreement with Canadian National Railway Company, Dated May 17, 1956, the Certificates covering The Canadian Northern Railway Express Company, Limited outstanding Capital Stock were treated as cancelled. FUNDED DEBT: As at June 11, 1956 - Nil. $3,000,000 4% First Mortgage Gold Bonds issued November 30, 1910, secured by Trust Deed dated November 30, 1910, maturing on December 1st.
[Show full text]