THORSON, P.:—The appellant has appealed against its income tax assessments for 1951, 1952 and 1953 but it was agreed between counsel that the Court should now hear only its appeal against the 1951 assessment and that its appeals against the assessments for

THURLOW, J.:—This is an appeal from income tax reassessments in respect of the appellant’s income for each of the years 1950 to 1954 inclusive. The matter began as five separate appeals taken in respect of the assessments for each of the years mentioned,