New Zealand Insurance Company Limited v Comissioner of Stamp Duties - [1953] NZLR 438

Public Revenue — Death Duties (Estate Duty) — Covenant by Deceased to Provide Annuity payable Monthly — No Allowance for "contingent debts or any other debts" — Amount calculated actuarially as Present Value of Annuity not allowable — Death Duties Act, 1921, s 9 (2) (d), (3).