Taxable?

Is New Guinea Service Pay

AN Australian, Cecil Hall, appealed to the Supreme Court in Sydney, in July, against an income tax assess ment. He was engaged during the war on the small ships in New Guinea waters and, while there, he earned £2OO. He claimed that, as he earned the money during five months in New Guinea, it was not taxable. The Department said that, although the Act provided that a person

resident in New Guinea should not be taxed, Hall was in New Guinea under an Australian contract, which was legally the source of his income, which therefore was Australian income, and taxable. The Supreme Court reserved judgment. The outcome will decide many similar appeals by ex-servicemen against taxation assess ments.

Anglo-Iranian Oil Company, of London, senior partner in Oil Search Ltd., recently announced a profit of £38.7 million stg.