In re A Proposed Sale Walker to Babich - [1945] NZLR 370

Vendor and Purchaser — Land Sales — Dairy-farm — Shareholder's Bonus — Whether "Income derived from land" — Differentiation of Meanings of "Shareholder's bonus" — Nature of Deduction to be made from Butterfat Receipts to represent Interest on Capital expended, without Interest or Dividend returnable thereon, to ensure Rights of Supply and Higher Receipts for Produce — Capitalization of such Deduction — "Productive value of the land" — Servicemen's Settlement and Land Sales Act, 1943, s 53.