The Gazette 1967/71

from a limited liability company whereby a saving of stamp duty could be effected. The vendor com pany formed a subsidiary to which it conveyed all the property in consideration of the allotment by the subsidiary of fully paid shares. The right to take up these shares, presumably on renouncable letters of allotment, was then sold by the vendor company to the ultimate purchaser for cash. The Court of Appeal overruling the Commissioners held that the shares were the only consideration passing and duty at 10/- was accordingly payable. A member has pointed out that this arrange ment unfortunately is not available in Ireland in view of differences in wording between the Irish and English sections. Section 50 of the English Finance Act, 1938, provides that the instrument in order not to be stampable ad valorem must not have been executed "in pursuance of or in connection with an arrangement whereunder . . . the consideration for the transfer or conveyance was to be provided . . ." the Irish section, Finance Act, 1952, Section 19 (1) (b) as amended by Finance Act, 1959, Section 76, has the words in italics omitted. It is suggested that the effect of this is that the scheme would not work in Ireland. IRISH SOCIETY FOR LABOUR LAW AND SOCIAL LEGISLATION The annual genera] meeting of the above society was held on the 8th March 1968 and the following officers and council were elected. President, Brendan McGrath, Solicitor, C.I.E.; Vice-President, F. O'Sullivan, Solicitor; Hon. Secretary, J. B. McCartney, Senior Lecturer in Law, Q.U.B.; Hon. Treasurer, Miss C. Killeen, Solicitor, Dublin; Trustees, Messrs M. V. Doherty, Personnel Officer, E.S.B., M Abrahamson, Solici tor; Auditors, Messrs L. Morris, Solicitor, Belfast, A. F. Ryan, Lecturer, College of Industrial Re lations, Dublin; Council, Messrs M. Abrahamson, K. Asmal, Lecturer in Law, T.C.D.; J. Casey, Assistant Lecturer in Law, Q.U.B.; C. Cuffe, Solicitor, Director General, F.U.E.; M. V. Doherty; M. J. Downes, C.S.C.A.; N. Harris; J. R. Heavey, S.C.; J. Temple Lang, Solicitor; C. McCarthy; P. J. Piggott. APPEARANCE AT PUBLIC INQUIRIES At a public inquiry held at the Courthouse, Dun Laoghaire, on 19th December 1967 relating to a compulsory purchase order for road widening and improvement the Corporation's law agent raised the question of appearances before the inquiry with the inspector appointed by the De-

Minister. There is nothing further to be said or done on this subject at the moment. Before I conclude I wish to express my most sincere appreciation to Mr. Plunkett and to his assistants and staff for all the help and support they have given me during the past six months. This has been a particularly difficult period for Mr. Plunkett who has to carry double load of the affairs of the Society and the preparation for the I.E.A. He has allowed me to draw generously on his great experience and deep wisdom in the affairs of the Society to which he is devoted. He has been extremely fortunate in this pressing time to have the services of so able an assistant as Mr. Tom Smyth who I regret to say is about to leave us shortly to take up a new profession in which I am sure you will want to join me in wishing him every success and good fortune. He is being replaced by Mr. Joe Finnegan whose abilities we are already learning to respect. I am also grateful to the members of the Council for their kindness and forbear ance with me in these earlier days of my presidency and in particular to my two Vice-Presidents, Mr. McCarron and Mr. McGrath, without whose advice and assistance I would find it most difficult to carry on. Mr. Desmond Moran expressed regret at the meagre attendance from members of the profession other than Council members. The number of non- Council members present was not more than five. PROCEEDINGS UNDER THE SOLICITORS ACTS By order of the President of the High Court dated 28th May 1968 the name of Edward Joseph Barrett was struck off the Roll of Solicitors. Mr. Barrett formerly practised in his own name at 47 Merrion Square, Dublin. COMMISSIONERS OE CHARITABLE DONATIONS AND BEQUESTS BOARD MEETINGS Easter and Trinity Terms

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STAMP DUTY The decision in Shop and Stores Developments Limited v Inland Revenue Commissioners (1967) 2 A.E.R. 42; (1967) 1 A.C. 472, reported in the March issue of the Gazette, vol. 61, no. 9, p. 94, indicated a neat method of acquiring property