The Assistant Chairman:—This is an appeal of Hugh Knox Limited from an assessment of the appellant’s 1968 taxation year which was heard at Ottawa on February 5, 1973.

The Assistant Chairman:—The appeal by Mr Viateur St-Pierre against an assessment for the taxation year 1968 was heard at Montreal, Quebec on October 31, 1972.

Roland St-Onge:—This appeal is from a reassessment dated October 31, 1966, wherein a tax in the sum of $320,517.39 plus interest of $1,687 was levied in respect of income for the appellant’s 1965 taxation year.

A W Prociuk (orally):—The respondent, in assessing the appellant for taxation years 1967, 1968 and 1969, added to its income the following amounts: $29,425 for the year 1967, $29,425 for the year 1968, and $9,150.94 for the year 1969. Notwithstanding

The Assistant Chairman (orally):—The appeal of Mary M Lindsey from an income tax assessment for the taxation year 1969 was heard in Toronto on January 22, 1973.

Roland St-Onge:—This appeal is from reassessments dated February 6, 1967, wherein taxes in the sums of $23,926.85 (plus interest of $20.28) and $55,992.77 (plus interest of $1,418.14) were levied in respect of income for the taxation years 1964 and 1965,

Roland St-Onge:—In 1968 appellant realized a profit of $86,317 on the sale of shares which it held in Fibracan Inc, hereinafter referred to as “Fibracan”. This profit was taxed as income; appellant however contends that it was a tax-exempt capital gain.

The Assistant Chairman:—The appeal by La Cie d’Immeubles Courville Ltée from an assessment for the taxation years 1968 and 1969 was heard at Quebec City on December 8, 1972.

A J Frost:—This is an income tax appeal in respect of the 1965, 1966 and 1967 taxation years. The case was partially heard in Toronto, Ontario on September 18, 1972 and concluded in Hamilton, Ontario on October 19, 1972.

A J Frost:—It is ordered and adjudged that the judgment dated March 24, 1972 in respect of this appeal be hereby amended so as to allow the appeal in part and refer the matter back to the respondent for reassessment on the basis, as agreed to by the parties at the hearing, that the amounts of $375, $1,500 and $3,000 are deductible from appellant’s income for the taxation years 1965, 1966 and 1967, respectively. In all other respects the judgment issued on March 24, 1972 is affirmed.