184 / 338
Thomas
Jackson,
John Morrissey,
James
J.
O'Connor, Desmond J. O'Malley, Daire Walsh.
11 candidates attended ;
11 passed.
DUBLIN SOLICITORS' BAR
ASSOCIATION
A meeting of the Council was held on Wednesday,
3rd February, 1960.
Further reports on apparent
delays in the stamping of Deeds at Dublin Castle
were received and considered.
A Sub-committee was set up to produce an initial
draft of a standard form of Auction Particulars and
Conditions of Sale.
It was thought well to remind members that on
an appointment of new trustees the preparation of
stock and share transfers is proper to the solicitor
concerned.
•
Any member encountering delays in the furnishing
of Negative Searches by the Registry of Deeds is
requested to submit full particulars in writing to the
Honorary Secretary.
A Sub-committee's report on the Hire Purchase
(Amendment) Bill, 1957 was considered as were the
representations which might be made thereon.
The next meeting was fixed for Wednesday,
and March, 1960.
RECENT STATUTORY INSTRUMENTS
THE RULES OF THE HIGH COURT AND SUPREME
COURT (No. 2)—S.I. No. 189 of 1959 enables the
Accountant of the Courts of Justice, in compliance
with the Cheques Act, 1959, to obtain good dis
charges for payments directed by him and in the
discharge of which the Bank of Ireland has not
obtained 7 endorsements on the Drafts issued.
THE INCOME TAX (PURCHASED LIFE ANNUITIES)
REGULATIONS, 1959—S.I. No. 152 of 1959 prescribe
the procedure for giving effect
to Section 22,
Finance Act, 1959, which provides that certain
purchased life annuities are to be treated as contain
ing a non-taxable capital element.
They also
prescribe the mortality tables to be used for comput
ing the capital element and provide for reference
to an actuary nominated by the Minister for Finance
in any case that is not within the scope of the tables
referred to.
The Regulations provide for a claim to the
exemption
to be made by
the annuitant, for
particulars of the annuity to be furnished by the
concern paying it and for the title to exemption
and the amount of the capital element to be deter
mined by the Inspector of Taxes subject to the
same right of appeal as exists against an Income
Tax Assessment. Provision is made for the repay
ment, subject to a six-year time limit, of tax suffered
by deduction or otherwise for 1959/60, or any
later year, in respect of so much of an annuity as
the determination declares to be the capital element.
Provision is made for informing the payer of the
annuity as to the amount of it which is to be subject
to deduction of tax at the source in future.
The Regulations also provide that if the Inspector
or the annuitant discovers an error in the determina
tion of the capital element, it may be revised subject
to the same right of appeal against the revised
determination as against the original determination.
When a revised determination is settled, the tax
paid for past years is to be adjusted by repayment
or by additional assessment as may be necessary
subject to not going back beyond 1959/60, or for
more than six years (except that the six-year limit
is not applicable where the original determination
gave too high a capital element and was obtained
by fraudulent means).
Copies of these Regulations may be obtained from
the Government Publications Sale Office, The
Arcade, Henry Street, Dublin—Price :
Ninepence.
THE COMPANIES ACTS (1908 TO 1959) (FORMS)
ORDER, 1960—S.I. No. 16 of 1960 prescribes a new
form for use by companies in submitting the annual
list of members and summary required by Section 26
of
the Companies
(Consolidation) Act,
1908,
following the amendment of that Section by the
Companies Act, 1959, as well as a revised Statement
in the form of a balance sheet, and a revised list of
persons holding shares.
This Instrument is obtainable from the Govern
ment Publications Sale Office, Dublin—Price :
6d.
(Postage 2d. extra).
THE ARBITRATION ACT, 1954 (SECTION 12
[2]
AND PART V) (COMMENCEMENT) ORDER, 1959—S.I.
No. 14 of 1959 which is complementary to the
Arbitration (Foreign Awards) Order, 1960 (S.I.
No. 15 of 1960), fixes the ist February, 1960, as the
date of operation of section 12
(2) and Part V
Sections 54 to 59 of the Arbitration Act, 1954. The
effect of both Orders is to allow for the enforcement
on a reciprocal basis in the State of foreign arbitral
awards arising out of matters that may lawfully be
referred to arbitration under Irish law.
It can be obtained from the Government Publica
tions Sale Office, Dublin—Price :
Threepence.
THE ARBITRATION (FOREIGN AWARDS) ORDER,
1960—S.I. No. 15 of 1960 which is complementary
to the Arbitration Act, 1954 (Section 12 (2) and
Part V) (Commencement) Order, 1960 (S.I. No. 14
of 1960) and which comes into operation on the