ISBN: 9781235044458

RareBooksClub.com. Paperback. New. This item is printed on demand. Paperback. 242 pages. Dimensions: 9.7in. x 7.4in. x 0.5in.This historic book may have numerous typos and missing text.… Mehr…

RareBooksClub.com. Paperback. New. This item is printed on demand. Paperback. 242 pages. Dimensions: 9.7in. x 7.4in. x 0.5in.This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1873 Excerpt: . . . the discretion of the committee. The first class of the tontine consisted of shares subscribed for on lives under the age of one year; 364 such shares were taken, and the investment of the subscriptions after deducting expenses produced 46, 000l. consols. At the time when the Succession Duty Act, 16 and 1T Vict. c. 51, came into operation, the number of lives in this class was reduced to seventy-nine. In June, 1860, when the suit was instituted, it was reduced to forty-six, and so the fund became divisible, the number of lives having been reduced so that the share of each would be 1000l. The question raised by the petition was, whether the forty-six shareholders, among whom the fund had thus become divisible, were liable to any, and if any what, succession duty on their shares. A point also was raised as to the share of a Mr. John 401 Charlesworth, the facts relative to which did not appear on the petition. A Mr. Charlesworth subscribed for three shares, which were taken in the names and on the lives of his three infant children respectively. Two of the three died before the passing of the Succession Duty Act, but John Charlesworth, the third of them, was one of the forty-six survivors, and-so one of the persons entitled to share in the 46, 0002. consols. The Solimtor-General (Sir R. PALMER) and Jllr. Hanson, for the Crown. --The case depends on the 2d, 3d, and 5th sections of the Succession Duty Act, taken in connection with the 12th and 13th. By the 2d section the subject called a succession is defined. The 5th section shows that the accretion of an additional interest upon death to a person who already has some interest is a succession within the meaning of the 2d section. The 13th section provides for the case where the succes. . . This item ships from La Vergne,TN., RareBooksClub.com<