A NEW ZEALAND CASE.
PRIVY COUNCIL RESERVES ITS DECISION. (Received July 16, 7.45 p.m.) LONDON, July 15. The Privy Council reserved judgment in the case, Gould and others v. the Commissioner of Stamp Duties of New Zealand. [The case was one heard before the Appeal Court last year, concerning the (Stamp duties payable on the estate of the late Mr R. M. Macdonald. Mr Macdonald, during his lifetime purported to settle by deed a fund in favour of his children. He did not transfer securities, but authorised his attorneys and trustees to hold his securities to satisfy the trust. During his lifetime he also paid to his children interest on the settled fund. The Court of Appeal, however, held that there was a reservation in the fund in favour of the settlor and that therefore it formed part of his dutiable estate. It was against this decision that an appeal was made by the trustees, of whom Mr George Gould is one. Mr Maurice Gresson conducted the appeal before the Privy Council.]
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Press, Volume LXIX, Issue 20909, 17 July 1933, Page 9
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172A NEW ZEALAND CASE. Press, Volume LXIX, Issue 20909, 17 July 1933, Page 9
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