Companies. (Ch. 31. No. 1.

company’s affairs according to the best of their infor-
mation and the explanations given to them, and as
shown by the books of the company.

(2) Every auditor of a company shall have a right of
access at all times to the books and accounts and vouchers
of the company, and shall be entitled to require from the
directors and officers of the company such information and
explanation as may be necessary for the performance of the
duties of the auditors.

(3) The auditors of a company shall be entitled to
attend any general meeting of the company at which any
accounts which have been examined or reported on by them
are to be laid before the company and to make any state-
ment or explanation they desire with respect to the accounts.

Inspection.

133. (1) The Governor in Council may appoint one or
more competent inspectors to investigate the affairs of a
company and to report thereon in such manner as the
Governor in Council direct —

(2) in the case of a banking company having a share
capital, on the application of members holding not less
than one-third of the shares issued;

(5) in the case of any other company having a share
capital, on the application of members holding not less
than one-tenth of the shares issued;

(c) in the case of a company not having a share
capital, on the application of not less than one-fifth in
number of the persons on the company’s register of
members.

(2) The application shall be supported by such
evidence as the Governor in Council may require for the
purpose of showing that the applicants have good reason
for, and are not actuated by malicious motives in, requiring
the investigation, and the Governor in Council may, before
appointing an inspector, require the applicants to give
security, to an amount not exceeding five hundred dollars,
for payment of the costs of the inquiry.

(3) It shall be the duty of all officers and agents of

421

Investiga-
tion of
affairs of
company.