In re the Tax Appeal of Hawi Mill & Plantation Co.

OPINION OF THE COURT BY

PETERS, C. J.

The Hawi Mill & Plantation Company returned all real and personal property belonging to it and of which *605it had possession or control on January 1, 1922, including all animals subject to taxation in its possession on that day, as combined and made tbe basis of an enterprise for profit, at $600,000. Tbe tax assessor assessed tbe company’s property at $1,100,000.

Tbe taxpayer appealed from tbe assessment to tbe tax appeal court of tbe third judicial circuit. Tbe tax appeal court fixed tbe valuation of tbe taxpayer at $985,000. Tbe taxpayer appealed therefrom to…