Pacific Islands Monthly
The news magazine of the South Pacific · since 1930
Pacific Islands Monthly, 24 January 1935Vol. V, No. 6

Guinea Gold Will

p. 24 · Read in the full issue

Page 2424

Appeal

Shareholders in Guinea Gold N.L. (the well known Adelaide Company which hold shares in Bulolo G.D. Co. Ltd., Guinea Airways Ltd., the Lakekamu field, etc.) have received a memorandum from the directors of the company that prelimi nary steps have been taken to institute an appeal to the High Court against the decision of the South Australian Supreme Court in the taxation test case.

An extraordinary meeting of share holders has been called for January 4, with the object of securing authorisation for the appeal.

The test case was brought about when Mr. A. E. H. Evans (secretary of Guinea Gold N.L. and Guinea Airways Ltd.) ap pealed against income tax assessments made on 120 shares in Guinea Airways Ltd., 1080 shares in New Guinea Gold fields Ltd., and on an amount of £300 representing a cash distribution of 10/- a share by Guinea Gold N.L. The Chief Justice, Sir George Murray, decided in favour of the Deputy Commissioner in a judgment delivered at the end of Decem ber. The case was heard several months ago.

Digitised by the National Library of Australia · OCR text via GLAM Workbench · uncorrected OCR, expect errors
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