Page:United States Statutes at Large Volume 44 Part 2.djvu/88

 48 o SIDKTIYNINTH CONGRESS; Sass. I. aC¤.t27.; ¤*°°¤"¤· thi de¤i•z·a|$on··¤£; suchv diviiends=I(or=I     1;,I the investment expenses; tbe;Js0tak·deduction.tunder tlus paragraplh _ _, shall not exceed one-fourth of 1 1- centum of the book value of t e I tviy   YP   ~;1¢»¤§Ab¤;inv§•ted»t1ikl.e¤d tobthe ¤··—=·····~ ····~    -ot1;er\  t`e'   """Ti? L1e#i5gU%£¤ i£$¤;tt · I I  uponor   reepéctmeitge realzestate ownedibylthe mgm- E‘°°°“°“‘ I  against rlocal   chai had to increase thai valuevof fthe gru¢:perty;·a¤n¤ee1l;l»;a¤d;¤net ·iod•ggs•dy· ;r;,;.1·1l; JW sx lo ~s wl: z _ {W-, ${1; em, .,,§’T”"'"°“ °' ‘”°° aw (i)1»A¤¤· ~;ilt¤•ueel-fom they exhaustion wmarrand , of roperty, uwiudxnqna reasonable allnqvnncetfor ;Ig; l?‘?"““‘°°°"°T  EM QS;}  ;lqgo;>>a¢cruede;vv•$h1u;£:eapt¤able; year“o11,1ts tedstmd, s ~¤d,ebtednes&) anon.:  Pwr ` ’   x(oth¤r» thanoobligatiorgmlof the    -1911, Ianduorxgxnally subadnbod io1·—.l2y)·gh¤—ta¢4§>nyenj)¤g wntezeat upoo.’wh;¤hzas·gwheHy S acuic mono,    BMX! * T 'E `{_I· ';>!Z§ ; mile. VE (ily Inuthq _ case i  sedomeqisnol .11£e».n¤sura.no¤IvI§ompar14y‘,; the:  mcome of wluch (computed vnthout the ljelwfit »o ;th1s:p&1'¤§g1’¤Ph) _, i¤z$2%l00I ~‘0D¢T;,•th§<‘S8&9$ %i;0QO;(but»af the net <1m:cme;1s»more .;  than 25{‘(?i}0 e tax imposed   phalllxzi¤t».¤xce¢d·ztbe tnnj ` :n•ould~bgl4myhb1e»if;· $9,00Q..cr0d¤thn=¤kv¤1mmh1_ __·m  Inzsngzivnti qecpivaivcmeovhnvgwqaanteraheu >1¤r•wi· ¤ netqin¤¤m0•~»(a __ sied¤ct1¤Q·_.$•¤@Ssq•¥¢pgeemtwk1,·I¤¤d\;nB other ex- mthetrabe pi {ls ;>er;§tum pb;1  0irr(·h§,»b0Qk=lY¤»1\lQ, at H wes   tnxabhryeaxg the @estate»e• owned emownpxed. p£YZ1i‘“ ” °°"` ¥·’»(¤=b Imtbe mmcef n~'foreng¤~li£s¤insgnaee;•0m;a¤¤;n;the_»a;no¤at xaféjkimh inconiwfhnégny,.     :souxoeguw1thmn;·tIm _ Umted   be e same roportnon of 1§5;9knno0ne;fo¤ the  " ‘ ‘ "   isnsblemtsn   withgmhnd Fwithout Jb•··UgitelI‘ States  inn ‘ ' »hy1km.(•adlheld_iby ntmt the end ofothegnqcsbwayemlupmf _‘ &ls¤q¤:”¢2§*m4w»:£:•t%2.jU¤lo‘;d ,*._. gc'   `, · ,, `(  $#5; ‘%c IaIzI~   f °,§,'f$'§‘§,°§,f°’}§¥§“:§ .Spc.·,l!46» ¢;(a¤){ ·Inqheu»of¤&lm·}Qax·>1mposed¤\b3xa 6   I there mum. ;h•1l»_he(1evz•d, e0lleetod,·an&·pa»d¤for»each ¢axeble:yebm·upo¤: the Rau. net income of every insurance company (other than a ife or mutual insurance company) a tax as follows: (