GIBSON, J.:—On this hearing four appeals are being considered, all relating to the 1962 taxation year of the appellants. The issue is the same in all appeals. Because of this an Order was made at the commencement to try all four appeals on the

GIBSON, J.:—In this appeal the quantum of the 1959 and the 1961 taxable income of the appellant is in dispute. The appellant claims that it is entitled to deduct, in computing its 1959 income, a loss of $157,189.97 arising out of the sale for $43,313.33