CHRISTCHURCH ACCOUNTANTS' STUDENTS' SOCIETY.

Press, Volume LIX, Issue 17740, 17 April 1923, Page 10

CHRISTCHURCH ACCOUNTANTS' STUDENTS' SOCIETY.

The first meeting of the -w : nter 8-ssion was held. last evening in the Stoci Exchange room. The president, Mr F. N. Lawrence, presided over <i good Attendants oi members.

As Mr S. H. Truman, who was appointed secretary to wio bociety at tno annual incon--1115, iiuU Deeii U'tiUsiOri'ed W thd cuuiiu./, auu was unable to contuiue m ine position, jMr H. AiniiWie wus sppoimtd stcieiury lor the xeinauiuer oi tne year. It was announced that Air H. J\ \V hittinglimn iitui pi't/mistti to conduct «- Jceeping exo-nunauon towards ei-d. of Ui3 season auu a«o a p 1*12,0 01 £> 6s for tho best paper, Two very iuteieating '-snort addresses wero then given on "Xue Dehors ledger b/ Mr R. J. McLaren, .and on * Li-oine-tax' by Mr >?.' A, Siouh. Bota speakers uealt very capably wtih their reactive suu.ecis, whioa were much appiociated by the 6tuctcni.s and others present. . Mr McLaren quoted a number of points of interest, which occur i-i tile keep.ng of & debtor's lodger, and Mr Sluith dea.it piiur cipaJly with the amendments to tho incometax Act, passed by Pailiaintnt year, explaining at some lenith the op nation of the clauses providing for the carrying forward of losses to the three following ye&Xj, and' alss th.se which allow a taxpaye t:> set off any loss he may incur in business against any income he derives from Bomj other source.