1. Under what circumstances may a corporation in New York State hold stock in another corporation? (S. C. L. of N. Y., Sec. 52; N. J., Sec. 196-198.)

2. Chart the intercorporate relations of the N. Y., N. H. and H. R. R. Co. (pp. 663-780). Indicate exactly the kind and degree of control exercised.

3. Show by diagram the genealogy of Company X, the following facts being known:

In 1870 Corporation A was incorporated with $100,000 capital stock. This stock was increased in 1875 to $1,000,000, in which year Corporation B was organized with a capital stock of $500,000. In 1880 A's capital stock was increased to $2,000,000. Corporation B was leased to Corporation A, and in 1885 Corporation A failed and was reorganized into Company C, in the same year stockholders of B assuming control of their own company. B and C consolidated into Company D in 1890 with a capitalization of $5,000,000. In 1895 D consolidated with Company E, which was organized in 1880 with a capitalization of $1,000,000, and with Company F, which was organized in 1870 with a capitalization of $500,000 and which was increased to $2,000,000 in 1880. The new consolidation was Company G with a capital stock of $10,000,000, which was increased to $20,000,000 in 1900. In 1905 it organized a subsidiary, AA, with a capitalization of $500,000; in 1910 another subsidiary, BB, with a capitalization of $1,000,000. In 1915 Company G consolidated with Company J to form Corporation K with a capitalization of $50,-000,000. J was the result of a consolidation of Corporations H and I, organized respectively in 1875 and 1885 with capitalizations respectively of $6,000,000 and $9,000,000, having exchanged with Company J's stock share and share alike. In 1920 Company K reorganized into Company X with a capitalization of $40,000,000.

4. How does the affixing of the proxy to the notice of meeting (p. 88) affect the control of the United States Steel Corporation?

5. Make an outline of the brief, setting forth the advantages of holding companies in the public utility field, (pp. 570-582.)

6. A book publishing concern proposes to publish a magazine. Suggest a method of financing the venture, pointing out the superiority of your plan over other possible plans, and also pointing out any weaknesses that may be advanced against your plan.

7. Several large department stores, some of which are corporations and others partnerships, desire to combine their delivery systems. Suggest a method of doing this, and point out the advantages and disadvantages of your plan.

8. A law is passed in Texas which prohibits an oil company from operating a pipe-line. The X Oil Company owns certain pipe-lines from which it makes a large profit. What can the X Company do?

9. Explain very briefly the nature of the plan for the consolidation of the Electric Railway Companies (pp. 526-535) and how it is to be consummated. Do not use figures, but merely state the principle in broad outline.

10. Explain in the same way the nature of the plan for consolidation on pp. 522-525.

11. Explain in the same way the general nature of the agreement on pp. 516-521.

12. Does this agreement differ in principle from the one on pp. 511-515? If so, how? '

13. How do these agreements differ in principle from those on pp. 499-510?

14. What kind of a pool (see Syllabus) is the one created by the agreement on pp. 496-498?