DOMINION NEWS
LICENSE - ''FEE .M I ST ;T5 K RAID
(Press .Association.) WELLINGTON.; Sept. 2\). Air. Justice Blair was called upon to decide whether the Oceanic and Oriental Co. was entitled'to exemption from the annual license tec imposed -under the Stamp' Duties Act. and delivered reserved'judgment today. The company is a. foreign company because it is incorporated in Delaware, U.S.A, It ' claimed that by reason of the purposes lor which it was formed it was. entitled to exemption. Air. Justice Blair said lie thought the test was not what business the company" actually embarked upon hut what business it .might vaniky embark upon. That .test was necessarily made when a company was registered, and' in view of the iact thatthe company had been formed lor purposes other than those exempted it followed''that, the .company was not exempt, from the annual license, xim question lie had been called upon to decide had already been made subject of consideration in New Zealand, and he quoted several eases Twelve guineas costs were allowed against the company. •
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Bibliographic details
Gisborne Times, Volume LXXI, Issue 11324, 30 September 1930, Page 2
Word Count
173DOMINION NEWS Gisborne Times, Volume LXXI, Issue 11324, 30 September 1930, Page 2
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