Hovey Estate

TAXIS, P. J.,

The account shows a net balance of principal and income for distribution of $59,023.07, composed of the securities set forth on page 2 of the account, and cash.

The transfer inheritance tax assessed has been paid.

All parties having or claiming any interest in the estate, of whom the accountant has notice or knowledge, are stated to have received notice of the audit in conformity with the rules of court.

At audit, the Board of Assessment Appeals filed its tax claim against the estate in the amount of $1,863.64, which included a 12 percent penalty. The claim was opposed by the…