Commissioners Of Inland Revenue v Port Of London Authority

Subject Matter

REVENUE — Excess Profits Duty — Port Authority — Capital — Pre-War Standard — Purchase of Dock Undertakings in consideration of Issue of Port Stock — “Unpaid purchase money” — “Borrowed money” — “Debts” — Port of London Act, 1908 (8 Edw. 7, c. 68), ss. 3, 16, 18, 19, 20, 21 — Finance (No. 2) Act, 1915 (5 & 6 Geo. 5, c. 89), Sch. IV., Part III., rr. 1, 2, 3.