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Rainbow Ranche Collection

Letter from Helliwell, Maclachlan & Co. to the Inspector of Income Tax (Norman Lee), December 9, 1931 Helliwell, Maclachlan, & Co. Dec 9, 1931

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 •KA RAINBOW RANCHE, LIMITED
Okanagan Centre. B.C.
COPY.
Letter from Helliwell,Maclachlan & Go
Vancouver B.C. Dec. Sth.1931.
Rainbow Ranche Ltd
Okanagan Centre,   8*0.
Dear Sirs :-      #e have taken up the question of the reorganization
of your Company with the members of the local staff of the Dominion
Income Tax Department, but as your case has no actual parallel in
their experience, we were unable to obtain a definite ruling as to what
attitude they will take in the matter.    We are, therefore, at their
request submitting the point to them by letter, of which we attachba ^j6
copy, and expect to hear from Ottawa later.
Yours truly,
Sgd. Helliwell,Maclachlan &Co,
Letter from Kelliwell, Maclachlan & Co
Vancouver,B.C. Dec. 9th.1931.
Inspector of Income Tax
V/inch Building
Vancouver,   B.C.
Dear Sir :-    Re Rainbow Ranche Ltd.
The above Company proposes reorganization under Section 19
of the Income Tax Act and we have been requested on its behalf to
obtain a ruling as to whether in that event the Shareholders will be
taxed individually on either their equities in the surplus of the
Company or upon the amounts draw by themselves as advances.
Thanking you in anticipation,
Yours truly
Cgd. Kelliwell, I'aclachlan & Co.

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