Fidelity-Philadelphia Trust Co.'s Appeal

Lewis, J.,

This matter comes before the court upon an appeal from the action of the Board of Revision of Taxes of Philadelphia County in refusing to correct and revise assessments of tax on certain personal property. The tax was levied under the Act of June 17, 1913, P. L. 507, and amendments thereto, for the years 1935 to 1940 on securities held by Fidelity-Philadelphia Trust Company as trustee for sundry trusts. They include some twenty-nine items, which can be divided into four separate groups, (a), (b), (c), and {d)... .

Group {d) consists of items commonly termed investment trust…