Back

Hongkong & Shanghai Banking Corporation Vs. James J. Rafferty 039 Phil 145

THE HONGKONG & SHANGHAI BANKING CORPORATION, plaintiff-appellant, vs. JAMES J. RAFFERTY, as Collector of Internal Revenue of the Philippine Islands, defendant-appellant.

G.R. No. 13188 | 1918-11-13

D E C I S I O N


MALCOLM, J .:

The important subject of tax liens is to be discussed on this appeal.

FACTS.

During the years 1912-1915 inclusive, Pujalte & Co., a general mercantile partnership, was engaged in the business of lumbering in Mindanao. The company removed from the forests and milled at its saw mills during this period, a total of 6,087.54 cubic meters of timber. The forest charges amounted to P8,328.93. Upon the execution of bonds in the aggregate sum of P2,000 to secure the payment of the forest charges due the government, the Collector of Internal Revenue permitted Pujalte & Co. to remove this timber from the public...