INCOME TAX CASE.

Otago Daily Times, Issue 19904, 25 September 1926, Page 6

INCOME TAX CASE.

ODLIN COMPANY’S APPEAL. AN AGREEMENT REACHED. (Per United Press Association.) WELLINGTON. September 2d. Continuing his evidence' to-day in the appeal case. Mr Udlin dealt with various suggestions made by Uio department in regard to accounts, his evidence benm on the lines of that Riven in the Lower Court. Alter ho had been in the box lor threeiiuarters ol an hour Sir John Eindiay applied lor an adjournment, saving ho had ,an important point to discuss with Mr O’Loarv. who was appearing with him. His Honor agreed, and left the bench. At 11 o'clock the registrar further adlourncd the case till 2.1 b p.m. On the resumption of the case Sir John Findlay announced that an agreement had been entered into between the company and the Crown, that the company would pay any sum that would bring the tax up to a fair amount, and also a nenal tax, together with the costs. In making this arrangement, the company, notwithstanding its conviction m the Magistrate’s Court, maintained that neither the company nor Mr Udlm was guilty of fraud. He wished to withdraw the appeal. His Honor said the only thing he could do was to dismiss the appeal, and he dismissed it with £25 costs. In the course of the discussion on bad debts in the case yesterday, the comnanv’s accountant, Mr Alexander, was wrongly reported as having said that the bad debts on the books totalled £154,000. The statement referred to the total debts y on the company’s books at tho present S time, not to bad debts.