RACING CLUBS.

Otaki Mail, Volume XXVIII, 21 June 1920, Page 3

RACING CLUBS.

iMUST PAY INCOME TAX. His Honor Mr Justice Chapman, in a recent judgment, has dismissed the appeals of the Askburton and Egmont Kacing Clubs against their assessment for income tax. "Counsel for appellants has argued," stated his Honor, in the course of his judgment, "that there is an implied exemption in favour of I racing clubs by reason ef the numerous taxes for which they are already liable. .... The arguments based on the existence of the taxation referred to as applicable to racing clubs do not appear to me to show any desire on the ; part of the Legislature to make an I exception in favour of such clubs to | the very explicit terms of section .15 of the band and Income Tax Act, 1916. Indeed, were I to admit the validity of the argument, the admission would have a far more- wide-spreading effeet than is apparent at first sight. It i? |x?rfootly legitimate to recall, in con- j struing such an enactment, the fact | that it was passed in wartime, and though its operation is not limited to wartime, if cannot be forgotten that | Ihe burdens of the war were not ox- i pecfed to end with the hostilities, and did not so end. The argument addressed to me seems to be more tit to be addressed to the Legislature than to a Court. 1 ennnof find mij- ground for the exemption claimed."