NEW SHARE ISSUE.
LIABILITY FOR TAXATION. Per Press Association. WELLINGTON. May 2. The Stock Exchange Association of Now Zealand advises shareholders of the Broken Hill Proprietary Company, Ltd., that, following the announcement of the Commissioner of Taxes that the recent new issue of shares in this company was to be included in the returns for income tax and social security tax purposes representations were mado to the Deputy-Commis-sioner of Taxes and later to the Minister of Finance- on the ground that sharehoklers had received nothing additional from the company either as dividend or as capital. It is'learned that oarly consideration is being given to these representations and a reply in the near future can be expected. In the meantime shareholders arc advised to show the number of now shares received by them cither in the forms used in making returns or by a soparate letter.
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Bibliographic details
Manawatu Standard, Volume LX, Issue 131, 3 May 1940, Page 10
Word Count
145NEW SHARE ISSUE. Manawatu Standard, Volume LX, Issue 131, 3 May 1940, Page 10
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