In re the Rehabilitation of New York Title & Mortgage Co.

Application has been made to this court by the trustees of Series F-1 for instructions as to the method of *334treating receipts and disbursements shown in their annual accountings, particularly as to the distinction, if any, to be made between principal and income. The trustees of various other large issues have submitted memoranda dealing with the same question.

Obviously any views expressed by this court as to the manner in which trustees of various reorganized issues of certificated mortgages shall prepare and present their annual accounts are not binding on the taxing authorities, nor can…