General Accident, Fire & Life Assurance Corporation's Appeal

Sloane, J.,

We have already given our reasons for sustaining the action of the board of revision of taxes and dismissing the appeal of the General *485Accident company. Our opinion is reported in 32 D. & C. 118.

We see no reason for changing our view. Under the agreement between the parties, the Girard Trust Company holds the securities for the benefit of policyholders of the General Accident, Fire & Life Assurance Corporation; this amounts to an active trust. “ ‘Property held in trust should be assessed to the trustee where he resides’: Guthrie v. Ry., 158 Pa. 433”: Cumberland County v. Lemoyne…