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Capital (ain Is Taxable, Lilli Dog oh a the National beth, arriving rere with 500 pas- | Europe. oh he Sprague Bowen, director of the Mount Wilson and Palmor Obser- Income Tax Board Holds [ries sine iis ce raphis is of great scientific inter- ' PY ° 4 ' est, he said, because it comes Big CPI A wom Toh rade and therefore was tax-| cor to the earth than any other £ Al Mining stoc IP 90, | . i celestial object having a known sold it for $65.500 a year later Has | The woman who was not identi- | orbit, except the moon. lost an appeal fo the income tax|fied argued the profit on which tax|------------ appeal board against income taX|was levied represented capital RUSSIA 2ND NAVAL POWER on her profits. gain which is not taxable. | LONDON (Reuters) -- Jane's The board in udgment made| In his reasons for judgment pighting Ships, the standard ref. i sday upheld a revenue boar airman ablo Monet|arence book on world navies, sai " ' . Siig " hepartment contention the $65,500 noted there was no indication of [foday Russia has a growing fleet Oshawa's Finest Ladies' Apparel Shoppe was made as a result of "an ad-|the woman's intentions in making|of more than 400 submarines. venture or concern in the nature the $6,000 investment. He there-|Nazi Germany had only one-tenth -- | fore decided the case on the test|that number in its pre-war fleet. - - - invite you to check their German uvnan- | or" Bulgar of the whole course of her con-|Jane's, classing Russia as a "ma-| duct. jor naval power second now only Here's the brightest idea since Schick invented This course was described "as |to the United States," said the electric shaving -- Colors. an involved procedure of share Soviet Union built more cruisers sales by one member of the in-|and destroyers since the end of % ® a : Chi I - vesting group on behalf of its|the Second World War Jan all : J for-Men. And what aj members. other countries combined. : Le : k shave! 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