COMPANY LICENSE
EXEMPTION REFUSED. WELLINGTON, September 29. p : ’$Ir Justice Blair was called upon to decide whether the Oceanic and Oriental Company was entitled to exemption from the annual license imposed under the Stamp Duties Act. He delivered reserved judgment to-day. The company is a foreign company 'because it is incorporated in' Delaware United'States. It claimed that, by reason of the purposes for which it was formed, it was entitled to exemption. Mr Justice Blair said that he thought the test was not what business the company actually embarked upon, but what business it might validly embark upon. That test was necessarily made when the company was registered. Applying it, and in view of the fact that the- company had been formed for purposes other than those exempted, it followed that the company was not exempt from the annual license. The question he' had been called upon to decide had already been made the subject of consideration in New Zealand, ;and he quoted, several cases. Twelve guineas costs was allowed .(.against the company. ’’ •
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Hokitika Guardian, 1 October 1930, Page 2
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173COMPANY LICENSE Hokitika Guardian, 1 October 1930, Page 2
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