Honolulu Rapid Transit Co. v. Wilder

OPINION OF THE COURT BY

BANKS, J.

Tlie Honolulu Rapid Transit Company, Limited, made a tax return as of January 1, 1928, in wliicb it gave as the aggregate value of its business enterprise $1,750,000 and as the tax due thereon $65,625. The tax assessor for the first taxation division of the Territory disagreed with the return and raised it from the amount fixed by the taxpayer to $2,500,000 and. raised the tax to $93,750. The parties in an agreed statement of facts have brought their differences to this court for determination. ,

The following are in substance the essential facts agreed upon:…