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EXAMINATION RESULTS
A
t
the Preliminary Examination for intending ap
prentices to Solicitors held on the 31st day o f March
and 1 st day of April, the following passed the exam
ination and their names are arranged in order of
merit:—
1. J ohn J oseph Delap.
2. James Noel Tanham.
The remaining candidate is postponed.
3 candidates entered ; 2 passed ; 1 was postponed.
At the Final Examination for apprentices to Solici
tors held on the 31st day of March and the 1st and
2nd days o f April, the following passed the examina
tion and their names are arranged in order o f merit:—-
1. Edward P. King.
2. John Brendan O’Flynn.
3. Patrick J. Carey.
4- John V. Kelly.
5. Patrick Desmond O’Connor.
6. Michael F. Flanagan \
John A. Greene
j Equal.
8. Francis G. Keane.
9. Patrick O’R. M arkey\
Patrick Noel Downes j* Equal.
it
.
Francis B. Geary.
12. Felim H. Meade.
13. Patrick E. Thornton.
14. Henry W. Burleigh.
15. Kathleen Cussen.
16. Daniel C. Brilley \
Mary Noone
j-Equal.
18. Eileen Anne Brennan.
19. William S. O’Brien.
20. Patrick L. Tracey.
21. Patrick J . Cusack.
22. Simon D. J . Comer.
23. David Punch.
The remaining candidates are postponed.
29 candidates entered : 23 passed; 5 were post
poned ; 1 did not attend.
The Council has awarded Special Certificates to
Edward P. King and John Brendan O’Flynn.
By Order,
E
ric
A. P
lunkett
Secretary.
STAMP DUTIES
M IN IST ER ’S BU D G ET STATEM ENT
It will be recalled that in the Finance (No. 2) Act,
I
947
>by which the rates o f stamp duty on transfers
° f Ends and houses were increased, provision was
made to relieve from the increase transfers between
persons related in a certain way. The relief was re
stricted to cases where persons were transferring
property by way o f gifts to their children or other
younger relatives or to their brothers or sisters. It
has been represented to me that hardship may be
caused by restricting the relief to these particular
kinds o f family transactions. For example, there is no
relief where children want to transfer- property to
their widowed mother, or where brothers and sisters
want to sell their interest in the family farm to that
member of the family who is remaining on to work
the land. To meet these cases I propose to include
in the Finance Bill a provision extending the relief
to include sales as well as gifts or voluntary dis
positions, and transfers from the younger to the
older relatives as well as transfers in the opposite
direction. This will mean that the maximum rate of
duty in all these cases will be 1 per cent.
Under 1947 legislation stamp duty at the rate of
25 per cent, was imposed on transfers o f lands or
tenements unless the instrument contained a state
ment certifying that the person who became entitled
to the entire beneficial interest in the property was
an Irish citizen or came within one of the other
classes specified in the statute. The specified classes
did not include a body corporate without a share
capital, incorporated in the State after the 15 th
October, 1947. It follows that transfers to bodies
corporate of this type are chargeable with duty at the
rate of 25 per cent., even though the body may be
composed exclusively of Irish citizens.
Another general type o f body corporate not men
tioned among the classes which the legislation speci
fies is the body corporate incorporated in the State
after the 15 th October, 1947, whose issued shares
are wholly or mainly in the beneficial ownership of
another body corporate incorporated here after the
same date, where the issued shares of this other body
corporate are wholly or mainly held by Irish citizens.
In other words, under the law as it stands the ques
tion of the 25 per cent, rate of stamp duty would
arise in the case o f a transfer o f lands or tenements
to a subsidiary of an Irish company registered after
the 15 th October, 1947.
The two difficulties I have indicated are mani
festing themselves in concrete cases and it is my
intention accordingly to have remedial provisions
written into this year’s Finance Bill. Another matter
which will be covered is the granting of exemption or
virtual exemption from duty in instances where
property is transferred and the transfer is being made
from a parent company to its subsidiary.
Death Duties
Where a sum o f money is deposited with a banker
in the joint names of two or more persons and one
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