The Gazette 1958-61

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

Thomas 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 Jackson, John Morrissey, James