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...Company v. Gresham Life Assurance Society [1903] 1 K.B. 249 in support of this argument. In that case the condition was in these terms...matters."The facts were that a life assurance policy was effected by a foreigner with an English insurance company which had an office in Budapest. The policy was in French...
...court. Compare the observations of James LJ in Re Gresham Life Assurance Society, ex parte Penney (1872) 8 Ch App 446 at pp.449-50 on the analogous position of directors." Later in...make the lives of trustees intolerable should such an obligation rest upon them: Re Beloved Wilkes's Charity; Re Gresham Life Assurance Society, ex parte Penney. Nothing would be more likely to embitter...their conclusion." That principle in relation to the exercise by a fiduciary of a discretion was applied in a different context in Re Gresham Life Assurance Society, ex parte Penney (1872) 8...
...Buildings in the said City on the 12th April, 1894, the Gresham Life Assurance Society, Limited, appealed against the assessment by way of further charge on £JA3j483_7&_3d. made upon the Society...copy of the further assessment appears in the Schedule hereto. 2. The Gresham Life Assurance Society, Limited, carries on the business of life assurance and of selling or granting...Inland Revenue on behalf of the respondent, in pursuance of the directions of the Queen’s Bench Division (Grantham and Kennedy, J.J.) of 24th March, 1899. 1. The Gresham Life Assurance Society, Li...
...- *'• ments. Lord Halsbury, in the Gresham Life Assurance Society OODOTKID. v g f y j g g ^ pointed out that the word ‘ profits ’ . . . is to “ be understood in its natural and proper sense...
...United Kingdom and not to be led astray by an “ equivalent ” to a remittance or receipt, or a “ constructive receipt (Gresham Life Assurance Society, Ltd. v...the passage from Gresham Life Assurance Society, Ltd. v. Bishop(4) most frequently cited is not from the leading opinions of the majority of the House but from the speech of...settlement of accounts without the necessity of money actually changing hands. He referred to some observations of Lord Lindley in Gresham Life Assurance Society v. Bishopi1...
...observations of James LJ in Re Gresham Life Assurance Society, ex parte Penney (1872) 8 Ch App 446 at pp.449-50 on the analogous position of directors." Later in his judgment at p...another that it might make the lives of trustees intolerable should such an obligation rest upon them: Re Beloved Wilkes's Charity; Re Gresham Life Assurance Society, ex parte Penney. Nothing would be...duty, or to consider the accuracy of their conclusion." That principle in relation to the exercise by a fiduciary of a discretion was applied in a different context in Re Gresham Life Assurance Society, ex...
...; Gresham Life Assurance Society v. Styles, May 31, 1892, 3 Tax Cases, 185; Property Tax Act 1842, sec. 159. Argued for the respondent—The expenditure was not necessarily incurred to...
...448, 44 SLR 624; Gresham Life Assurance Society v. Styles, [1892] A.C. 309; Granite Supply...
...Gresham Life Assurance Society v. Styles (2), [1892] A.C.. While it is true that Lord Halsbury and Lord Watson abstained from identifying themselves with all the reasoning in the..., apart, it may be, from some of the grounds on which it was based, was approved by the House of Lords in the Gresham Life Assurance Society v. Styles ('), [1892] A.C...Gresham Life Assurance Society v. Styles (2), [1892] A.C.. I am therefore of opinion that the question of law should be answered in the negative. An appeal having been entered against the...
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.... Alexandria Water Co. v. Musgrave (2) distinguished. Mersey Loan and Discount Co. v. Wootton (3) disapproved. This was an appeal by the Gresham Life Assurance ...e S o c ie ty v . S t y l e s (Surveyor of Taxes). (1) Income Tax.—Deduction from Profits.—Annuities.—Rule 4 of Case I., Schedule D.—A life insurance society in the course of its business sells...trade. I am therefore of opinion that the judgment appealed from ought to be reversed. Lord Watson.—My Lords, the business carried on by the Appellant Society is that of life insurance; and one branch...
...Dynamite Trust Co. v. Wyatt, 3 T.C. 224; San Paulo Railway Co. v. Denver, 43 W.R. 109; Norwich Union Fire Insurance Co. v. Magee, 3 T.C. 457; Universal Life Assurance Society v. Bishop, 4 T.C. 13...Gresham Life Assurance Society, Ltd. v. Bishop, 4 T.C. 464, where an assurance society included in its yearly statement of accounts in this country interest received abr...was distinguishable. A somewhat similar case was that of Forbes v. Scottish Provident Institution, 3 T.C. 443, referred to with approval by Lord Macnaghten in the Gresham Life Assurance Society case (3...
...meaning was there. A not dissimilar form of words had been held to confer exclusive jurisdiction in Austrian Lloyd Steamship Co. v. Gresham Life Assurance Society Ltd...
...; Gresham Life Assurance Society v. Styles, 1890, L.R., 24 Q.B.D. 500. In its nature it very much resembled the premiums, deduction of which was disallowed in...allowed—Schedule D, First Case, rule 4, section 159; Last v. London Assurance Corporation, Limited, 1885, L.R., 10 App. Cas. 438...
..., which was referred to in Gresham Life Assurance Society v. Styles, [1892] A.C. 309, by Lord Herschell at 325. The...far as was necessary for their contention, had received the approval of the House of Lords in Gresham Life Assurance Society ( cit. supcit. sup.), Lord Halsbury at 315, Lord Watson at 320, Lord...
...Steamship Company v Gresham Life Assurance Society Limited [1903] 1 KB 249, Sohio Supply Co. V Gatoil (USA) Inc. [1989...Austrian Lloyd Steamship Company v Gresham Life Assurance Society Limited [1903] 1 KB 249 shows that language such...
...case of Gresham Life Assurance Society v. Bishop (1901), 1 Q.B, 153, was no doubt in...Life Assurance Society v. Carter, 22 Q.B.D. 444, and by the First Division of the Court of Session in Scotland in the case of the Scottish Mortgage Company of New Mexico...account abroad. The respondent also referred to Universal Life Assurance Society v. Bishop, 1899, 4 Tax Ca. 139; Norwich Union...
...referred to Austrian Lloyd Steamship Company v Gresham Life Assurance Society [1903] 1 KB 249. That case concerned a life...assurance policy which provided that "For all disputes which may arise out of the contract of insurance, all the parties interested expressly submit to the jurisdiction of the Courts of Budapest having...Assurance Company Ltd. [2005] EWHC 1887 (Comm) at para.97 per Aikens J. A mere belief, however genuinely held, by a claimant or his...
...jurisdiction clauses have been construed has a long history; see Austrian Lloyd Steamship Company v Gresham Life Assurance Society Limited [1903] 1 KB 249..., if at all, in such cases; cf Through Transport Mutual v New India Assurance Co. Ltd. [2005] 1 Lloyd's Rep.67...brought in breach of an exclusive jurisdiction clause save in circumstances where the Brussels Regulation applies see Through Transport Mutual v New India Assurance...
...which no commercial man would misunderstand,’’per Lord Halsbury, L.C., in Gresham, Life Assurance Society v. Styles, L.R. (1892), A.C. 315,(*) so may the term “ capital ” be...by the House of Lords in the Gresham Life Assurance Society, 1892, App. Cas.. (*) The Society, as part of its business granted ( ') 2 T.C.,. (*) 3 T.C., 185...is entitled to deduct from the gross profits of his trade or business the expenses necessary to earn them. The Gresham Life Assurance v...