Word: refundability
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...little side investigation conducted by the Senate has been looking into the Bureau of Internal Revenue. One of the matters gone into was the refund of taxes to the Gulf Oil Corporation in which Mr. Mellon is interested. It developed that a settlement had been made in regard to tax refunds on Feb. 28, 1921, a few days before Mr. Mellon took office. An agreement for a final settlement was made in August of last year under Section 1312 of the Revenue Act, by which the case cannot be reopened. The propriety of this is at present under inspection...
...heard from, and a possible Presidential veto to finish off with. Many a citizen will pay his income tax in quarterly installments this year, figuring that he would rather retain the money himself in case a cut is made than wait for the Government to make a refund...
...have any difficulty in finding them we will send you a carton of 5 packages of Reedsdale Cigarettes (100 cigarettes) post paid for a dollar. Smoke one package at our risk. If you don't like them, return the four remaining packages and we will refund your dollar. Address Reed Tobacco Co., Dept. H, South 21st St., Richmond...
...Treasury's offering of $400,000,000 of 4¾% four-year notes to refund the last of the Government's short-term debt (TIME, May 12) was floated in a few days. It is understood that cash subscriptions alone came to about twice the total offering of notes. The Government offered also to exchange notes of the new series for Victory notes (maturing on May 20), the notes given in exchange to be in addition to the regular offering of $400,000,000. The subscription books for exchanges did not close with the regular cash subscriptions...
...lost, mislaid or stolen, it will not be replaced; nor will any refund be made; and no unused or surplus portion will be redeemed. When requested to do so, the owner must identify himself by signature or otherwise...