D
E
Taylor:—This
is
the
appeal
of
Frank
E
Smith
with
respect
to
the
1975,
1976
and
1977
taxation
years.
The
point
at
issue
is
very
simple—whether
the
appellant
was
in
the
business
of
fishing
with
a
reasonable
expectation
of
profit.
The
evidence
as
presented
by
Mr
Smith
and
his
agent,
and
reviewed
in
cross-examination
by
counsel
for
the
respondent,
does
not
support
any
conclusion
that
Mr
Smith
was
in
any
such
fishing
business.
The
appeal
is
dismissed.
Appeal
dismissed.
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