IOAN EMLYN JONES v. SOUTH WEST LANCASHIRE COAL OWNERS' ASSOCIATION, LTD.
(1927) 28 Ll.L.Rep. 259
HOUSE OF LORDS.
Before the Lord Chancellor (Viscount Cave), Viscount Dunedin, Lord Atkinson, Lord Phillimore and Lord Carson.
Revenue - Income tax - Assessment - Mutual insurance association - Indemnity of members against liability for fatal accidents to workmen-Surplus of "calls" over expenditure-Whether profits of a trade or business-New York Life Insurance Company v. Styles, 14 App. Cas. 381, followed.