BRACERS Record Detail
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On the rent of Telegraph House.
"It is possible to say that the whole rent of Telegraph House is an obligation previously incurred by you (and so incurred at the time for the joint benefit of Dora and yourself), for which you are now getting no advantage. From this point of view it might be argued that the expense involved in living at Telegraph House and keeping it up is so great as to wipe out all the advantage of having it free as a residence, and that therefore you ought to be allowed to deduct the whole of the rent from your income without per contra adding anything for the cost of residing elsewhere. On the other hand, it might be answered that living somewhere else would cost you something, and indeed so much that its expense would not be swamped by the unnecessary expense of living at Telegraph House. I expect that Maw would be prepared to allow some deduction for the rent of Telegraph House as an unprofitable charge...."
1935 Coward, Chance & Co.
Record last modified 2015/11/13
Created/last modified by wolfeaa