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April,
1953
Vol. 46
No. 10
T H E G A Z E T T E
of the
INCORPORATED LAW SOCIETY OF IRELAND
President
J
ambs
R . Q
uirke
Vice-Presidents
Secretary
J
ohn
C
arrigan
E
ric
A . P
lunkett
J
ames
J . O ’C
onnor
FOR CIRCULATION AMONG MEMBERS
MEETINGS OF THE COUNCIL
M
arch
12th. The President in the Chair. Also
present: Messrs. John Carrigan and James J.
O’Connor, Vice-Presidents; Patrick F. O’Reilly,
Henry St. J. Blake, Thomas A. O’Reilly, Gerald
J. O’Donnell, Arthur Cox, Patrick R. Boyd, John
J. Sheil, John R. Halpin, George G. Overend,
Ralph J. Walker, Cornelius J. Daly, Charles J.
Downing, Francis Lanigan, John Maher, John B.
Jermyn, Peter E. O’Connell, Maurice M. Power,
Sean
(5
hUadhaigh, William J. Norman, Francis
J. Gearty, Joseph P. Tyrrell, Desmond J. Mayne,
Reginald J. Nolan, Joseph Barrett, John J. Nash.
The following was among the business transacted :
Stamp Duties
T
he
Council considered a report from a Committee
on the subject o f the stamp duties payable where
property is conveyed to promoters for the purposes
o f a company not yet formed. The report o f the
Committee was adopted. A copy of a memorandum
submitted to the Revenue Commissioners is printed
in this issue.
Stamp duties on purchase o f property by
trustees for charities and religious bodies
T
he
Council considered and adopted a report from
a Committee on this subject. A memorandum
submitted to the Revenue Commissioners is printed
below.
Undertaking by Solicitor
AB acted for the owner o f a house which was
subject to a first mortgage in favour o f clients of
CD. A B ’s client was in financial difficulties and
CD agreed with AB that the latter would sell the
premises and that the property would be distributed
in a certain way so that A B ’s client might stay in
business. CD lent the documents o f title to AB
on an accountable receipt in which AB undertook
to indemnify CD’s clients against any loss which
they might suffer as the result of handing over the