transfer of 2 1/2 per cent
Payment for an annuity is made by the
transfer of 2 1/2 per cent. Consols, or money of equi-
valent value, at the price of the stock on the day
of the transaction.
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The tables (see p.44) show the annuity which
100 of 2 1/2 per cent. stock will purchase, to con-
tinue during the life of a nominee at the re-
spective ages and according to the prices of 2 1/2
per cent. stock therein stated. It will be seen
that in the case of money being paid for the
purchase of […]
expenses of the depositor;
To creditors of the depositor;
To the widow or widower of the depositor;
To the persons entitled to the effects of
the deceased according to the Statute of
Distribution
[…]
but if a person is not liable to such tax, by
reason of the total income coming within the
Exemption Clause, the amount can be recovered
through a surveyor of taxes, as to which the
banker would give all the information required (*)
Income tax is deducted from all dividends;
but if a person is not liable […]
that withholdeth more than meet, but it tendeth to poverty
Solomon says: ‘There is that scattereth and yet increaseth; and there is
that withholdeth more than meet, but it tendeth to poverty.’ Of course
the only true charity is that which is from the heart.
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