Show TRUST LAWS OF CANADA NEW LEGISLATION ON SUBJECT IS PROPOSED Action to be Taken to Induce New Companies in U S to Incorporate in Dominion Now York Jan 2Lyimn T Leet a Montreal banker Is in New York as the I unofficial represenlallve of the Government S Govern-ment of Quebec province vthe object of I his visit being to confer with some of time attorneys and chiefs oC corporations recently organized under the New Jer t soy law with a view to the introduction I of New Jersey liberal system of Incorporation I In-corporation Into Quebec Mr beet Is a close friend of Wilfrid Laurler Pre mien of Canada and Is one of the most influential leaders of the Liberal party Mr Led said When the Quebec Legislature meets on January ISth there is little doubt that a bill will be I passed making II possible for the province prov-ince not only to get all the bcneflis through taxation that now accrue to I American States where Canadian companies com-panies are incorporated but also making I ma-king it attractive for new companies of the United Stales to take out their incorporation papers In Quebec and thus as foreign corporations escape the hostile legislation threatened by many Slates of the Union or unfriendly laws which are already an accomplished accom-plished fact 1 The people of Quebec do not hope for the Dominion Government to take up the matter oC establishing a general gen-eral liberal Incorporation system for companies for we think that as Quebec Is time province which bears the largest share of the general expense of the Dominion it alone should be privileged priv-ileged to have the special means of attracting at-tracting large corporations which by their incorporation fees etc can materially ma-terially swell our revenues Quebec also Is distinctly time commercial com-mercial province of the Dominion while Montreal time capital ig i also Hip financial metropolis of Canada und would be a convenient home for all 1m porlant companies either of Canada of of time United States The Quebec law as regaids Incorporation Incorpor-ation Is at present satisfactory In many respects and properly safeguards against the chartering of bogus companies com-panies What is needed however is a revision of tin present system to conform con-form with modern Ideas und with a progressive pro-gressive commerce A great many corporations which now do business mostly In Canada like I many mining companies are chartered In the Slates and by 1 making a declara ion in Canada that they are foreign corporations they can escape paying anything In Canada except nominal taxes By the return home oC our own companies the province of Quebec will the first year Increase Its revenues 100000 a year From the entry Into Quebec of corporations which no longer llnd it safe or desirable to locate In the United Stales one will gain as much revenue as has Now Jersey which for the past year had 1800000 surplus leftover left-over after paying all Slate expenses and as Dplaware within the three last months since Us Incorporation law has been In effect bus taken in 75000 from incorporation fees Our incorporation fees will when our bill has been passed be the same as In New Jersey Jn one respect we will be more liberal than New Jersey DlvU dentin on preferred stock Issues will not be limited to 8 per cent but may be unlimited In case of the development of drastic dras-tic antitrust legislation In the United States to co to Quebec will be the easier and perhaps the only solution of many oC the large industrial combinations combina-tions of the United States |