(3) Any person upon whom a notice is served under
subsection (2) and any other person who is a shareholder of
the Company in default or a financier within the meaning of
section 68 may, within the period specified in subsection
(2), or such further period as the Covernor in Council may
allow, make representations to the Governor in Council, to
show cause why the Governor in Council should not exercise
his powers under subsection (4).
(4) After considering any representations made under
subsection (3) and if the Governor in Council is of the
opinion that insufficient cause has been shown why the
Governor in Council should not exercise his powers under
this section, the Governor in Council may by order -
(a)
where it appears to the Governor in Council that
a notice should have been served under section 68
and was not, or the terms of any notice served
were unreasonable, direct the Secretary to serve
a notice or, as the case may be, a further
notice, under that section in such terms as the
Governor in Council may determine unless it
appears to the Governor in Council that the