EARL OF MORAY, LTD.
| THE BURDEN OF TAXATION. (by cable—pbess association—coptbjoht.) (austkalian and n.z. cable association.; LONDON, July 8. Following the example of Viscount Novar, Lord* Howard de "Walden, the Duke of Buccleuch, and Viscount Limborne, the Earl of Moray has converted his feudal estate into a limited liability company, with a capital of £312,500. The object of the formation of the company is to split the large income into smaller ones, with, a resulting lower rate of taxation. Lord Novar's estates haive been registered under Scottish. Company Law as a company styled Novar Estates, Limited, with a capital of £50,000 subscribed by Lord Novar and his wife; The objects of the company ai'e stated to be the development for building purposes and cultivation of the lands the company acquires, to secure sea and fresh water fisheries, to undertake an afforestation scheme, to grant leases of mansion houses, and to let snooting rights. |
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Bibliographic details
Press, Volume LIX, Issue 17811, 10 July 1923, Page 9
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153EARL OF MORAY, LTD. Press, Volume LIX, Issue 17811, 10 July 1923, Page 9
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