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Viscount William Waldorf Astor, born an American and naturalised in England, is said to pay more money for income tax than the total of his income. His property is in the United States, ami is taxed by both the American am l British Governments. Ilia American holdings are valued at more-than .£10,000,000, with an estimated income of £1,000,000. 'The New York taxes alone are £920,OOd, the Federal income tax, with stir-taxes, £240,000 and the British income tax £320,000.

The aeknosvlertqment of the. possession in 1910 of 30 golden '.sovereigns by a witness at the Supreme Court at -New Plymouth came as a surprise to the cross-examining counsel in the case, who expressed surprise at the witness' good fortune. '"I thought the banks had called up all the gold during the war," remarked Mr ODea, to which the witness replied that it had been there all the time, and was still there. The wisdom of (making public, the admission of such a possession may be questioned. The question cropped up at a later stage in the proceedings, when counsel asked where the sovereigns were kept, which, prompted his Honour to remark that it anight be inadvisable to find out too much about the whereabouts of the gold.

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https://paperspast.natlib.govt.nz/newspapers/NA19190903.2.3

Bibliographic details

Northern Advocate, 3 September 1919, Page 1

Word Count
206

Untitled Northern Advocate, 3 September 1919, Page 1

Untitled Northern Advocate, 3 September 1919, Page 1