In re Taxes Waiakea Mill Co.

OPINION OF THE COURT BY

KEMP, J.

This is an appeal by the Waiakea Mill Company from the decision and judgment of the tax appeal court for the fourth judicial circuit sustaining the assessment of the company’s property at a valuation as of January 1, 1917, in the sum of $1,250,000’.

The company returned its property for taxation as an enterprise for profit at the snm of $800,000; it was assessed at $1,250,000, and on appeal to the tax appeal court the assessment was sustained.

At the hearing before the tax appeal court it was agreed *334that the values placed by the taxpayer on the various items of…