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Actuary

1938), s. 2(a)] Means a person skilled in determining the present effects of future contingent events or in finance modelling and risk analysis in different areas of insurance, or calculating the value of life interests and insurance

Defraud

state of mind and to defraud is by deceit to induce a course of action, London and Globe Finance Corpn. Ltd. (in re:), (1903) 1 Ch 728

Capital gains

2, only if they were chargeable under s. 12B. As noticed already, s. 12B as modified by the Finance Act 1949, did not charge any 'capital gains' arising between April 1, 1948, and April 1, 1957. Indeed

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Deceive

is false and which the person practising the deceit knows or believes to be false, London and Globe Finance Corpn. Ltd. (in re:), (1903) 1 Ch 728.

Debt owed

or the Income-tax Act, 1961, as the case may be, and not a new liability created by the Finance Act, and, therefore, it constituted a 'debt owed' by the assessee on the respective valuation dates within the

Customs

Customs, duties charged upon commodities on their importation into, or exportation out of, a country. They seem to have existed in England before the Conquest, but the king's claim to them was first established by grant...

Cost of reinstatement

Cost of reinstatement, means the cost when rein-statement in likely to be completed, notwithstand-ing reasonable delay, Gleniffer Finance Corpn. Ltd. v. Bamar Wood and Products Ltd., (1978) 122 Sol Jo 110 and para 433 ante

Corporation Profits Tax

Corporation Profits Tax, an annual tax of 5 per cent. imposed by the Finance Act, 1920, ss. 52-56, on the profits of all limited companies with a few exceptions, e.g., gas, water,

Conversion of stock

Debt (Conversion of Stock) Acts, 1884 and 1933, and nearly 2000 millions of War Loan, 1929-1947, by the Finance (No. 2) Act, 1931.

Contributory

in a secondary degree. A shareholder may sometimes avoid liability by transfer to a pauper. See Re Discoveries Finance Corporation, (1910) 1 Ch 312, but see Hyam's Case, (1859) 1 De 9 F&J 75. Directors with unlimited

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