Bowman J.T.C.C.:—Continental Bank of Canada (”CB”) appeals from assessments for its 1986 and 1987 taxation years. Its wholly owned subsidiary, Continental Bank Leasing Corporation (”CBL”) appeals from an assessment for its 1987 taxation year. The appeals were heard together.

McArthur J.T.C.C.:-This appeal was heard in Calgary, Alberta, July 12, 13 and 14, 1994 pursuant to the general procedure of this Court.

Teskey, J.T.C.C.:—The appellant appeals her assessments of income tax for the years 1989, 1990 and 1991 and has elected to have her appeals heard pursuant to the informal procedure.

Bonner J.T.C.C.:-This is an appeal from an assessment of income tax for the appellant’s 1984 taxation year. During that year, the appellant entered into an Agreement in writing (the ’’Farmout agreement") with Esso Resources Canada Ltd. ("Esso"). Under the

McArthur J.T.C.C.:-This appeal was heard in Toronto, Ontario, on August 12, 1994, under the informal procedure of this Court concerning the appellant’s 1991 taxation year.

Bell J.T.C.C.:—The issue in this appeal in respect of the appellant’s 1988 and 1989 taxation years is whether the sum of $40,000 had, in April 1988 been loaned by Campbell Investment Ltd. ("Campbell”) to the appellant or whether such loan was, in

Bowman J.T.C.C.:-This appeal is from an assessment for the appellant’s 1985 taxation year.

Garon J.T.C.C.:-These are appeals from reassessments dated June 8, 1990 made by the Minister of National Revenue for the 1984, 1985, 1986, 1987 and 1988 taxation years. In his reassessment for the 1987 taxation year, the Minister of National Revenue

Beaubier J.T.C.C.:-This matter was heard at Vancouver, British Columbia, on August 17, 1994, pursuant to the rules of general procedure.

Rip J.T.C.C.:-Houria Meddaoui and Sue Meddaoui appeal from reassessments issued to both of them in respect of the 1987 taxation year on the basis their dispositions of shares of 719347 Ontario Ltd. ("Ontario") was on account of capital and not on income